Question: A Vietnamese restaurant is considering a makeover that will require a $95,000 investment up front, mainly for rebranding The The restaurants new image will be
A Vietnamese restaurant is considering a makeover that will require a $95,000 investment up front, mainly for rebranding The The restaurants new image will be West Coast Asian Fusion. The new look image should help the restaurant retain its customer base, and is also expected to modestly increase annual profits by about $5,000. Finally, the makeover may help to increase the sale price of restaurant when the owners retire six years from now and plan to sell the place. Demonstrate the IRR of the makeover project is 6%.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
