Your group thinks it may be a good time now to venture into F&B. You believe that people miss dinning out together in large groups and that society will eventually learn to live with Covid-19. You are not sure which type of cuisine to specialise in, or if fusion cuisine would be better. However, you are clear that you do not want to take a franchise but start your own branding. The group has about S$50,000 (fifty thousand Singapore dollars) to invest in the business. The group decided to form a private limited company and wanted to borrow any additional amount required. The group members would be willing to grant the banks personal guarantees and also to re-mortgage their homes (if necessary). The bank asked you for a business plan with an income statement for the next two years. Formulate and appraise a concept for an F&B business. You are to construct a business plan to analyse the opportunities for launching an F&B business. Your business plan would also demonstrate and include the following:

(a) The concept and value proposition;

(b) The location of the business and reasons for location, if any;

(c) The legal issues pertaining to your F&B enterprise and any licenses required; (d) A statement of required initial capital and indicate where you will obtain it from (the statement needs to detail how you arrived at the amount);

(e) A marketing plan;

(f) Critical Risks

(f) A two-year financial projection of the income statement (there is no need for a balance sheet); and (g) A cash flow projection for the two years. (Note: The business should not be a franchise.) (