5. A financial feasibility study is being done for a new restaurant. The restaurant will be open for breakfast and lunch 6 days a week. Assume that there are 52 weeks only for breakfast and lunch. Dinner will be open every day of the year. The Restaurant is 95 seats. The following information is for Seat Turns as well as Average Check It a also has a Banquet Room that is estimated will do 35,000.00 a month in January - November, but will do 65,000.00 in December. Alcohol sales are not included in the average checks and will make up a separate revenue line on the income statement. Beverage sales at lunch will equal 10% of lunch Sales, Beverage Sales at dinner will equal 20% of Dinner Sales and Beverage sales in banquets will equal 30% of Banquet Sales. Food cost is estimated at 32% of all food revenue, Beverage Cost is estimated at 24% of all beverage sales Labor for Chef, GM, Lead Server, Purchasing, and Trainers is fixed and estimated at 450,000.00 annually. Wages for all other personnel are estimated at 20% of Total Revenue. And Employee Benefits are estimated at 11% of total wages. The following are estimated costs for other items (PERCENTAGES ARE OF TOTAL REVENUE: China, Glass, Silver -2% Minor Kitchen Equip-1.5% Supplies - 10% Other undistributed costs 250,000.00 Depreciation - 5,000 Monthly Open for Breakfast and Lunch 6 days a week Dinner open 365 days a year Seats 95 Turns BF 1.75 Lun 2 Din 1.25 Jan - Nov Dec Banquets $ 35,000.00 $ 65,000.00 Avg Check 7.95 12.25 24.95 Food Revenue Beverage Revenue Total Revenue Food Cost Beverage Cost 0.32 0.24 Gross Margin Beverage Lun Din Banquets 10% of Lunch Sales 20% of Dinner Sales % 30% of Bat Sales 0.2 Fixed Labor Wages Variable Benefits Total Payroll exp China, Glass, Silver , Minor Kitchen Equip Supplies Total Op Exp 2% 1.50% 10% Undistributed costs Net Income Before Depreciation Depreciation Net Income 5. A financial feasibility study is being done for a new restaurant. The restaurant will be open for breakfast and lunch 6 days a week. Assume that there are 52 weeks only for breakfast and lunch. Dinner will be open every day of the year. The Restaurant is 95 seats. The following information is for Seat Turns as well as Average Check It a also has a Banquet Room that is estimated will do 35,000.00 a month in January - November, but will do 65,000.00 in December. Alcohol sales are not included in the average checks and will make up a separate revenue line on the income statement. Beverage sales at lunch will equal 10% of lunch Sales, Beverage Sales at dinner will equal 20% of Dinner Sales and Beverage sales in banquets will equal 30% of Banquet Sales. Food cost is estimated at 32% of all food revenue, Beverage Cost is estimated at 24% of all beverage sales Labor for Chef, GM, Lead Server, Purchasing, and Trainers is fixed and estimated at 450,000.00 annually. Wages for all other personnel are estimated at 20% of Total Revenue. And Employee Benefits are estimated at 11% of total wages. The following are estimated costs for other items (PERCENTAGES ARE OF TOTAL REVENUE: China, Glass, Silver -2% Minor Kitchen Equip-1.5% Supplies - 10% Other undistributed costs 250,000.00 Depreciation - 5,000 Monthly Open for Breakfast and Lunch 6 days a week Dinner open 365 days a year Seats 95 Turns BF 1.75 Lun 2 Din 1.25 Jan - Nov Dec Banquets $ 35,000.00 $ 65,000.00 Avg Check 7.95 12.25 24.95 Food Revenue Beverage Revenue Total Revenue Food Cost Beverage Cost 0.32 0.24 Gross Margin Beverage Lun Din Banquets 10% of Lunch Sales 20% of Dinner Sales % 30% of Bat Sales 0.2 Fixed Labor Wages Variable Benefits Total Payroll exp China, Glass, Silver , Minor Kitchen Equip Supplies Total Op Exp 2% 1.50% 10% Undistributed costs Net Income Before Depreciation Depreciation Net Income