21st Century Enterprise Management: Los 5 Spanish Restaurant Report

This report provides a comprehensive analysis of Los 5 Spanish Restaurant, focusing on its business plan within the context of 21st-century enterprise management. The report covers various aspects, including the business description, history, technology plan, organizational structure, market trend analysis, and financial data. It details the restaurant's development plan, including product innovation, target market strategies, and quality service initiatives. Furthermore, the report explores the impact of the COVID-19 pandemic, financial challenges, marketing mistakes, and exit strategies. Financial data, including income statements and profit/loss analyses, are presented to assess the restaurant's performance. The report also examines leadership and operational aspects. Finally, the report covers the financial data including income statement, and profit and loss analysis to give a better understanding of the business.

Managing
Enterprise in the
21st Century

Managing enterprises in 21st century is to plan the strategies in company to achieve
the business goals and objectives (Alshare and Sewailem, 2018). In this times management
has to train their employee’s skills and knowledge by conducting various session so that they
know what are the roles and responsibility in order to perform their tasks effectively and
efficiently. In this report Los 5 Spanish restaurant is taken in consideration. In this report it is
included that business description, history, technology plan, organisation structure, market
trend analysis and the financial data of Spanish restaurant.
Development Plan
The Spanish restaurant develops the plan to make gain more profit and growth of
their restaurant as they have update and implement their recipes into the organic food to
protect the health of customers.
Introduction of products and services: To serve the users foods such as take away and
self ordering food by which they do not have to waste their time to stand waiting outside. The
main product of restaurant is to offer food to visitors which they are required to eat such as
they offer aceitunas, Pan con tomate, calmares and many more food. They introduce and
innovate new recipes to increase profitability and performance in business. Therefore
launching helps them to develop their restaurant in more locations and areas to maximize
the business operations and activity (Darling-Hammond, 2019).
Target market: There are many things which Los 5 Spanish restaurant does to
develop their business by strategy such as target market as which type of customers like
recipes and foods as well as drink in their restaurant. A small subset of the wider dining
industry is the target consumer of your restaurant. Fast food advertisers are targeting
advertisements young girls, adolescents, black youth and Spanish youth. The target market
for fast casual catering is quite wide and most demographic regions can cover. Customers
must be viewed as future customers almost any age, race and profits.
Quality services: They provide quality services to guests and ask individual users to
provide feedback which part they have to improve in their business. There are many
services which is provided by Los 5 Spanish restaurants such as waiter, banquet service of
Spanish, buffet service and many more services because by providing better services to
visitors it helps them to attract customers and decisions to visit back towards restaurants. A
good management in the restaurant business implies being polite, accessible, careful and
easy to meet customer requirements (de Jonge, 2018).

Investment: As for the development of Spanish restaurant business they have to
invest huge amount in their organisation such as websites to book hotels as well as provide
application which is easily to handle all the options in that. However, investment is the main
part for the success of the restaurant and should buy a restaurant software for booking and
many more things which is important for the progress and make the business user friendly.
Marketing and advertising: It is the tool which helps company to promote their brand
through different marketing channels such as social media, digital media, personal selling
and using many offers and promotions in order to increase sales and brand awareness. After
the pandemic the Los 5 Spanish restaurant has promote their business by using different
tools and techniques in order to increase profitability and productivity (Ernst and Haar, 2019)
Training: Serve the meal and clean it out of the left side of the dinner. The
beverages also should be drained and refilled, whenever any employee has to disturb
clients, they must be respectful, clean pan, take the review and handle it quickly as well as
promote and encourage them to learn about consumer experience that goes beyond
fundamental service.
Milestone Plan
it is analysed that due to COVID-19 pandemic the business of Los 5 Spanish restaurant was
totally shut down as there were many restrictions by which visitors and guests cannot come
to eat the foods and drinks. As this reduces sales and revenue of restaurant industry. There
are many milestone which occur in restaurant business which are as follows:
COVID-19 pandemic: The impact has indeed been particularly intense for the restaurant
business. Many restaurants struggle to stick their minds above water because diners and
bars are shut down. On the contrary, there are major changes in order numbers in locations
capable of offering distribution and pick-up services. The Los 5 Spanish restaurant is hit by a
significant drop in sales and can easily get out of funding to fund everyday business and
employee wages. We encourage you to pay for it by shopping online and buying gift
certificate cards from your favourite restaurants so that it can rely on this revenue later on in
order to have much needed financial help. A transition from on location to off-premise food is
the largest long-term adjustment caused by the Coronavirus pandemic. As the restaurant
business learns to adjust and expand despite the negative impacts which will be felt even
after COVID-19 is gone, menus will undergo a lot of distinct improvements (García-Lillo and
et.al., 2019)

Lack of funds: This means that there is shortage of capital in the organisation which affect
their business for the long term survival. It is the main problem of the restaurant business as
the ingredients and many other items is required. By the lack of capital Los 5 Spanish cannot
update and implement the technology for the survival of their restaurant. On the other hand,
locations and cannot compete with the competitors so that they cannot distinct their
restaurant from others. However, it impacts the business will be not attractive and investors
will not invest their money in the organisation (Gunasekaran, Subramanian, and Ngai, 2019).
Marketing mistake: The biggest mistake of the marketing which restaurant business
do is that they do not decide the investment and cost which they have to pay the
advertisement costs as well as for the budget for the marketing of restaurants. On the other
hand, Los 5 Spanish restaurant can make mistake related to the social media sites. Social
media give your restaurant a view inward, help create relationships and remain up-to-date
with customers. You should promise your customers not just whether your company is on
social media. Take this chance to participate in the conversation. However, it is not sufficient
and just to create a communicative profile, it is evident that business owners make serious
errors when selling their restaurants on social media on numerous occasions. One of the
major marketing errors committed by restaurant owners is that they recruit an incompetent
person such as an Assistant or a Fresher to handle their platforms on Social Media.
Exit plan
It is a detailed map covering all topics related to market transformation, personal,
environmental, legal, tax and value development. Exit schedules are a procedure not an
occurrence as a business model it should be addressed (Jabbour and et.al., 2020).
Exit strategies are an emergency procedure implemented by a creditor, a merchant, a risk
capitalist and a company owner to repossess or disposed of measurable business properties
after pre-determined thresholds have either been satisfied or surpassed. There are different
exit strategies such as merger, acquisition and initial public offer by which they can exit from
their business and acquire all the strategies and plans of business venture. Selling the hotel
may have been considering since it is part of your retirement plans or because you are
concerned about increasing prices and competition. HBD can help you progress by focusing
on particular hotel exit strategy and hotel sales options. Los 5 Spanish restaurants prepare
the finances, consider the options and speak with the shareholders as well as inform the
employees about their exit plan. The exit strategy is to determine the plan to minimize the
stake and liquidate their own organisation.

Financials: In any company selling, financial services are a big factor. A Financial
Policy for the potential will be reviewed and assessed by exit preparation. Producers and
consumers feel totally different at a company; that is reflected in the exit planning. Such
related matters may include buyout deals, buy-sell contracts, and insurance plans for the
continuation of operation
Leadership: Exit preparation can help to improve a management strategy for an
organization. Company customers are attracted to power. For a profitable, well-run
enterprise, they would pay massive amounts. Buyers are looking for a stable finance
company with solid leadership and a positive community image. The organisation will build
or strengthen this fact with a strategic strategy and schedule (Mili, Gharbi and Teulon, 2019).
Operations: Operational performance is reviewed and improved with exit
preparation. A well-managed, rising and ready to undertake transition in leadership is very
attractive to customers. A prospective exit package, focusing on the company's strengths,
would add value, raise customer appetite and also contribute to ensuring a smooth change
in time.
Mergers and acquisition: This usually involves combining with or buying from a
related firm. This is a win-win opportunity where bordering businesses have additional
capabilities and can combine to save money. In context to restaurant business which is
selected for this report is For larger businesses, the way they increase their revenues is
more productive and rapid than naturally producing new goods.
Liquidation and close: The most popular way of leaving a market is to sell a firm to
an interested buyer. But liquidation is always the better and maybe only viable way for
several business owners to quit their companies. Especially, the restaurant business is not
growing in the current situation because people are conscious about their health and safety.
From the above analysis, it is evaluated that the exit strategy entails developing and
maintaining a clear plan for each service user to implement whether that service user is
willing to leave or decides to withdraw from our service. Due to COVID 19 pandemic Los 5
Spanish restaurant wants to make strategy for exit plan as for the lack of investment and
increase in competition and costs which impacts negatively on restaurant business.
However, they can implement some changes by making exit strategy such as Market
Optimization, competition beating, removal/rebranding, enhance Guest Satisfaction,
allocation and income optimisation, procurement improvement, monitor of finances as well
as person, online, advertising and networking, sales and marketing (Moşteanu, Faccia and
Cavaliere, 2020).

Financial Data
Income Statement: Annual by Quarter
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total
Income 200000 250000 300000 190000 940000
Net sales 400000 425000 225000 70000 1120000
Maintenance
expenses
450 450 400 300 1600
Salaries and wages 32000 35900 33100 17800 118800
Employee benefits 1500 1450 1300 1000 5250
Marketing and
advertising
900 900 900 600 3300
Rent 6000 6000 6000 6000 24000
Telecommunications 1300 1200 1150 900 4550
Utilities 2600 2750 1900 1000 8250
Total revenue is 940000 pound. Although the revenue is 940,000, it will not imply that this
figure is the net profit. Net profit is the money left after all costs are reduced from income.
The estimated incomes and pensions of 118800 are substantial. The rental is still large and
will be removed. These all contribute to a decrease in net profit.
Profit and loss
Start-up capital requirements
Particulars Amount (Quarterly)
1
Salary of owner manager 7800
All other salaries and wages 25800
Rent 2000
Advertisement 500
Delivery expense 1000
Supplies 250

Telephone 250
Other utilities 500
Insurance 500
Interest 750
Maintenance 300
Legal fees 200
Miscellaneous 1000
Sub total 40850
Particulars Amount
One time costs
Land and building 225000
Furniture and fixtures 10000
Decorating and remodelling 5000
Installation charges 2500
Starting inventory 50000
Deposits with public utilities 750
Legal fees 2500
License and permits 2000
Advertisement and promotion for opening 2500
Cash 5000
Other 2500
Sub total 82750
Total estimated start up capital 390500

This table discusses benefit and loss, and I shall list only momentarily some of the most
significant. The owner's salary amounts to £7800 every three months. Any other pay or
salary takes up to 25800 every cent. The net benefit is removed from such items as shipping
costs, telecommunications expenses, insurance, legal fees, etc. as listed in this table.
Cash Flow Statement
Particulars Amount
1 2 3 4
Cash inflow
Beginning cash balance 10000
1000
0 10000 10000
Sale of products 1000 1000 1000 1000
Sale of services 1500 1500 1500 1500
Government payments 5000 5000 5000 5000
Total inflow 17500
1750
0 17500 17500
Cash expenditure
Seed 10000
1000
0 10000 10000
Fertilizer 3000 3000 3000 3000
Feed 2600 2600 2600 2600
Processing 1900 1900 1900 1900
Marketing 3500 3500 3500 3500
Capital purchases 5000 5000 5000 5000
Interest 1700 1700 1700 1700
Debt payments 2000 2000 2000 2000
Total expenditure 29700
2970
0 29700 29700
Monthly net cash flow 12200
1220
0 12200 12200
Cumulative net cash flow 47200
4720
0 47200 47200

This table discusses the cash balance. The amount of cash needed is £10,000. Items are
sold at 1000 libraries; programmes are sold at 1500 libraries and government payments at
5000 pounds. This produces 17500 libraries of gross inflow. Expenses including fertilisers,
seeds, interest, loans and more amount to a sum of 29700 pounds. As a consequence,
there is a net monthly cash balance of 12200 pound and the net cash flow of 47200 pound.
Balance sheet
Particulars Amount
1 2 3
Current assets
Cash 10000 10000 10000 1000
Petty cash 1000 1000 1000 100
Inventories 50000 50000 50000 5000
Prepaid expenses 2500 2500 2500 250
Fixed assets
Leasehold 200000 200000 200000 20000
Property and land 225000 225000 225000 22500
Renovation and Improvements 25000 25000 25000 2500
Furniture and fixtures 10000 10000 10000 1000
Vehicles 30000 30000 30000 3000
Equipments and tools 16000 16000 16000 1600
More 20000 20000 20000 2000
Total assets 589500 589500 589500 58950

Current / short term liabilities
Credit card payable 5600 5600 5600 560
Accounts payable 8000 8000 8000 800
Interest payable 2500 2500 2500 250
Accrued wages 4000 4000 4000 400
Income tax 2500 2500 2500 250
More 12500 12500 12500 1250
Long term liabilities
Loans 20000 20000 20000 2000
More 25000 25000 25000 2500
Total liabilities 80100 80100 80100 8010
Net assets 509400 509400 509400 50940
The balance is discussed in the fourth table. Here we have the currency, stocks, prepayment
costs, assets, cars, machinery and credit card, etc. As seen in the table, all of them can
remove different numbers. Both these considerations lead to 509400 pounds in asset value.
CONCLUSION
From the above data, it is analysed that due to COVID-19 pandemic the business of
Los 5 Spanish restaurant it impacts the business as there were many restrictions by which
visitors and guests cannot come to eat the foods and drinks. As this reduces sales and
revenue of restaurant industry. The Spanish restaurant develops the plan to make gain more

profit and growth of their restaurant as they have update and implement their recipes into the
organic food to protect the health of customers. They introduce and launch new services to
serve the users foods such as take away and self ordering food by which they do not have to
waste their time to stand waiting outside.