Restaurant Business Plan: Chilli and Spice

ENTREPRENEURSHIP

Table of Contents
Executive Summary.........................................................................................................................3
Financial Summary.....................................................................................................................3
Timeline for Business Plan.........................................................................................................4
REFERENCES................................................................................................................................7

Executive Summary
The study is about a restaurant company named Chilli and Spice which specialises in Indian
cuisine dishes . The company is based at Melbourne, Australia and aims to provide affordable
and healthy food. Market research and environmental analysis of the plan has been done.
Financial analysis of the plan has been done in which break up of costs were given and focus on
capital costs, break even analysis and also there is an income statement projected. The plan also
gives an insight into the scheduling of various activities in the time table form.
Financial Summary
The rental charges of opening up a new business may seem a bit expensive initially which is
around $500 per week. As the restaurant is new, furnishing needs to be done of the restaurant
with bringing in new dining tables and sofas adding up to the maintenance and furnishing costs
to be $5000. The other costs which are required is of utensils and utilities such as land line,
electricity etc. coming up to $2000. The requirement of staff salaries being a new business set up
can be kept around $200 per week. Initial capital requirement for starting a business will be
$15000 which can cover the fixed and variable expenses.
Break-Even is when a company covers its production costs including direct and indirect
costs and this is the point where company starts making profit after realising break-even (Sintha,
2020). Break-Even analysis includes the fixed costs for restaurant which includes rental charge
and employee salary. The contribution depends upon the dish order by customer and the
minimum amount of sales every month (Calabrò, 2017).
The methods to increase finance for the restaurant can be taking support of friends,
relatives as it is a small organisation. Venture capital funding can be the next method which can
help the company grow its finances by projecting a business plan which is fault proof and works
on the time-tested model including scope of innovations according to the target market. The
funding can also increase with investments in banking schemes for institutions. The restaurant
can earn interest money through bonds and debentures. The company can also go for debt