QUANTITATIVE FRAMEWORK $-$ PRACTICE #$2$

Given:

A $300$ seat casual restaurant

Average Check is $$16$ per person

Food Cost is $25\%$

Rent is $$7500/$ month

Open $24$ hours a day

The employee structure is:

a$.$Three FT$,$ salaried @ $$56,000/$yr

b$.$Two FT$,$ waged @ $$17\mathrm{.}00/$hr

c$.$Two FT @ $$15\mathrm{.}00/$hr

d$.$Twelve PT @ $$6\mathrm{.}00/$hr $+$ Tips

Step $1-$ Build a baseline model of this restaurant

Proposal #$1$

Implement and install elaCarte, a tablet menu system$/$kisosk for full service dining:

$$ Typical installs see a $10\%$ increase in average check, but you're unsure about how much you'll reap.

$$ Most tables using elaCarte have shorter dine times. Typically around $7$minutes faster.

$$ Cost

o Monthly subscription fee: $$1/$tablet per day o Minimum $3$ year contract.