[DOWNLOAD] Financial Projections for Business Setup and Operational Costs

This assignment provides a comprehensive financial projection plan for a business, including setup costs, operational expenses over six months, and projected turnover for the same period. It outlines specific details such as marketing and furniture costs, and offers a grand total for setup and operational costs, as well as projected turnover. The assignment also includes a notes section for any additional relevant information.

Page 1 of 12 Business Planning Assessment Template
1. BUSINESS OVERVIEW
What is your business (or value) proposition and why do you think it’s a good idea?
The fast food has been in great demand in the market and Russian pancakes are everyone's favourite as well. Pancakes Stand will be located in London as
food truck business for selling products to customers to provide them with essence of Russian taste and flavour. The pancakes are offered in London
having taste of Russian one, however, there are few food trucks operating in the city which will be beneficial for the business to earn lively taste of
Russian street food in effective manner. The pancakes will be made from the Russian aroma and filled with jam fillings. Moreover, in secondary plan of
development, pancakes will be filled with cheese, meat and mushrooms to give consumers with better taste
How have you confirmed there is a need for your business?
There is a need of business as Russian style pancakes are not provided to customers.

Page 2 of 12 Business Planning Assessment Template
1. WHO ARE YOUR CUSTOMERS AND HOW WILL YOU REACH THEM?
Customer Profile Name 3 target
customer groups, perhaps based
on demographics, what they do,
where they shop, their household
income, whether they have kids,
etc. Rank your customer profiles
by priority for your business.
Why are you
targeting them?
For each of the
target groups,
why is your
product or service
relevant to them?
How are you going to
get their attention?
What specific things
will you do to attract
their attention (e.g.
adverts placed in
specific publications
or social media;
publicity events; etc
How are you going to
convince them to buy
from you? How are
you going to turn
their interest in your
product into a sale?
How will you ensure
they actually buy
from you? (e.g.
special offers;
competitive pricing;
unique features)
What specific
activities does this
mean you need to
do? Considering your
intentions outlined in
the previous 3
columns what actions
will you need to take
to make your
intentions happen?
(e.g. if you are
planning a publicity
event, what will you
need to do to make
this happen: book
venue, caterers,
produce invitations
etc)
What approximate
level of spend will
you need on each
activity? (You may
find it useful to refer
to the Santander
website1 for
estimated costs)
1. Tourists Higher inbound
tourism
Through social media High quality with low
costs
Produce promotional
invitations
£11000
2. Local people Everlasting
demand
Through social media High quality with low
costs
Produce promotional
invitations
£11000
1
? Santander website https://www.santandergeneralbusinessguides.co.uk/

Page 3 of 12 Business Planning Assessment Template
3. Age Group between 15-40 Younger
generation
Through social media High quality with low
costs
Produce promotional
invitations
£11000

Page 4 of 12 Business Planning Assessment Template
2. WHO ARE YOUR COMPETITORS AND HOW WILL YOU BEAT THEM?
Competitor profile
List UP TO 3
competitors or groups
of competitors with a
very short profile
description (2-3
sentences). (If you feel
there are no
competitors, you must
explain why)
What will you be
competing with them
on? (e.g. price,
features, quality,
something else?)
Why do customers buy
from them?
Why would customers
switch to you?
What specific activities
will you need to do?
Considering what you
have outlined in the
previous 3 columns
what actions will you
need to take to make
your intentions
happen?
What approximate
level of spend will you
need on each activity?
(You may find it useful
to refer to the
Santander2 website for
estimated costs)
1.My Old Dutch Quality and price Strong identity High quality at low
costs
Adequate food
standards will be kept
2.Where the Pancakes
Are
Price Strong identity High quality at low
costs
Adequate food
standards will be kept
3.The Crepe Shop Quality and price Strong identity High quality at low
costs
Proper food quality
checking or inspection
will be done.
No Competitors. Explain Why
2

Page 5 of 12 Business Planning Assessment Template
1. HOW WILL YOUR PRODUCT BE PRODUCED OR HOW WILL YOUR SERVICE BE CARRIED OUT?
If you will be producing a product, how, where and when will it be
produced? (E.g. if it is a sandwich business – what are all the processes
involved? Where will you get your supplies from? What supplies and
equipment will you need? How will you transport them to your production
site? Where will you make the sandwiches? How will you get them to your
customers? Will anyone else be involved in this process? Etc.) If you will be
providing a service: who will deliver your service? Does it involve transport
or equipment? What preparation will be needed? Where will this take
place? Will you need special premises etc
In all cases, detail the estimated associated costs in the boxes on the
following pages. You may also find it useful to include a flow chart.
The services will be imparted by quickly making pancakes and add
fillings in them.

Page 6 of 12 Business Planning Assessment Template
COST DETAILS: BELOW, GIVE COST DETAILS3 ESTIMATED COSTS
How will the product(s)/service(s) be delivered to the
customer? And how much will this cost? £2
Quality: Please describe your quality control process.
How will you ensure that your product and service is
produced and delivered to your required standard? (Any
costs associated with this?) Food inspection will be done
£10.00
Payment processing: How will payments be accepted?
(e.g. cash, credit cards, paypal) (What costs might be
associated with this?) By all the methods
£2.00
2. STAKEHOLDERS – who will be involved in your business besides you? How will you manage their involvement and their
expectations? What costs will be associated with them? E.g. self, staff, suppliers, shareholders, others
List the stakeholders Any issues which may arise and
how you will manage them
Any costs associated with this
3

Page 7 of 12 Business Planning Assessment Template
1. Staff They will be paid in full and no
issue will get raise
2. Suppliers They will be paid within 60 days
3.Shareholders Good return will be provided to
them.
4.
3. PRICING - In this section you need to outline your pricing plan
Product or Service – list up to 3 Price you will charge Why is your price set at this level? How does this price compare to
your competition?
1. Pancakes £2.00 To attract customers It is less than competitors
2. Pancakes (with fillings) £2.00 To attract customers Rivalries charge more amount
3.
4. SALES – QUANTITY – for the above products or services, what is the value of your predicted sales forecast within
what timeframe?
Product or Service (from table above) Predicted sales (££) Timeframe (e.g.
within x weeks or
months of launch; or
daily/weekly/monthl
y sales etc)
Notes: How have you arrived at this figure? How
have you used your market research or test
trading to forecast your target sales figures?
Consider all relevant factors e.g. are your sales
likely to be seasonal? Do you already have some
customers lined up? What may adversely affect
your sales?
1.Pancakes 218640 Within 5 months No sales are not seasonal.
2. Pancakes (with fillings) 234000 Within 3 months
3.

Page 8 of 12 Business Planning Assessment Template
Your business needs to operate according to relevant legal frameworks and regulations. You should also ensure you are covered by appropriate insurances
should anything go wrong.
Needs Associated costs?
Do you need any licences to operate your business? Yes
What legal requirements are applicable to your business? (e.g. food hygiene
and safety; child safeguarding; copyright; data protection; health and safety
etc) health and safety
What insurance might you need to cover your business? (e.g. health and
safety; professional indemnity; incapacity; 3rd party property damage etc)
health and safety
Anything else to consider? E.g. intellectual property protection, trademarks,
copyright etc No

Page 9 of 12 Business Planning Assessment Template
Over a period of 6 months, summarise all projected costs4 and turnover previously identified in your plan. Categorise them into 3 sections: Set-Up,
Operational, and Projected Turnover. Add extra lines if you need them. Where a monthly cost is appropriate, use these columns. Where not, you can simply
include a total
1. SET-UP – LIST ACTIVITIES BELOW MONTHLY COSTS T
O
T
A
L
C
O
S
T
S
O
V
E
R
6
M
4
? Santander website

Page 10 of 12 Business Planning Assessment Template
O
N
T
H
S
1 2 3 4 5
Electricity 24200
Insurance 1200
Van 30000
TOTAL FOR SET UP
5
5
4
0
0
55400
2. OPERATIONAL – LIST ACTIVITIES BELOW 1 2 3 4 5 TOTAL COSTS OVER 6 MONTHS
Marketing 3000
Furniture (Table) 5400
TOTAL FOR OPERATIONAL
8
4
0
0
8400
GRAND TOTAL SET-UP + OPERATIONAL OVER 6 MONTHS
3. PROJECTED TURNOVER – LIST ACTIVITIES 1 2 3 4 5 TOTAL TURNOVER OVER 6 MONTHS

Page 11 of 12 Business Planning Assessment Template
BELOW
209040
Sales
TOTAL PROJECTED TURNOVER2
0
9
0
4
0
GRAND TOTAL: PROJECTED TURNOVER - (SET-UP + OPERATIONAL) =2
0
9
0
4
0
–
(
5
5
4
0
0
+
8
4
0
0
209040- (55400+8400) = 145240

Page 12 of 12 Business Planning Assessment Template
)
=
1
4
5
2
4
0
NOTES (add any
notes here which
are relevant to
your financial
projections