Planning for an Arabic Restaurant

Planning for an Arabic eating placeAbstractThis paper describes the planning for an Arabic eating house. We hope to open up an Arabic Restaurant called Summit Arabic diet. The Unique aspects of the restaurant will be separate service for custody by men and for women by women. It will be convenient for business and professional people. I will overly be suited to Parties and celebrations. It will be an Arabic Restaurant with a seating capacity of 90 for each gender (180 totals). The service will be for three meals with additional service for coffee, tea, and snacks. Wed the likes of to make large money to realise the family. We indispensability to expand our interest in Arabic Food. We wish to serve the community and express our Arabic culture.The restaurant would be in Riyadh, Saudi-Arabian Arabia, on a famous street such as Altahlyah St. It would serve people from the malls and businesses in the area. The Restaurant would be specialized for same gender service to be very c onvenient for eating in a relaxed setting. It would be open on Holidays and pay extra to the holiday help. We analyzed the risks and be and expected salarys and found all of them to be manageable. The Total Opening toll will be $187,201 or 702,003.75 sr. Total Operating cost will be $75,260 or 276,375 SR per month. A conservative estimate of the monthly revenue indicates a monthly profit of $168,550 or 632,062.47 SR, based on the in operation(p) be above. This supports the intended family income from the restaurant. We actually expect better performance than this.BackgroundThis section discusses different material pertains to background information for the range.The purpose of the projectWe want to open an Arabic Restaurant called Summit Arabic Food. The Unique aspects of the restaurant will be separate service for men by men and for women by women. It will be convenient for business and professional people. I will also be suited to Parties and celebrations. It will be an Ar abic Restaurant with a seating capacity of 90 for each gender (180 totals). The service will be for three meals with additional service for coffee, tea, and snacks.Reasons for this projectWed like to make enough money to support the family. We want to expand our interest in Arabic Food. We wish to serve the community and express our Arabic culture.Restaurant ownersIt is hoped that when all of the conditions are met that my husband and I (Salem and Aishah Almutiri) will own this new restaurantLocation of the RestaurantWe want to open the restaurant in Riyadh, Saudi Arabia, on a famous street such as Altahlyah Street. We could serve people from the malls and businesses in the area.Tar operate Opening DateWed like to open for business by the end of 2012.Provided Attributes for CustomersThe Restaurant would be specialized for same gender service to be very convenient for eating in a relaxed setting. It would be open on Holidays and pay extra to the holiday help.Requirements for Employee sService personnel will be well trained in preparing and serving handed-down Arabic meals with frequent refresher training provided. The manager will visit our competitors frequently to stay current.Problems IssuesThis section describes problems and issues divided under the following categories.Identify and limit a locationThe restaurant must be suited to the desired restaurant format. It must have separate eating areas for men and women. It must be convenient for the desired clientele that is business men and professionals. We must negotiate a lease with a clear termination clause.Write and price a menuThe menu must have a clear composition for start up. It merchant ship be changed deepr as inviteed. The menu must exemplification enough so that ordering is convenient but different enough to make the restaurant appealing. It should be colourful and interesting.Pricing is critical. The pricing must take over customers and also make a profit. We want to be in the middle of the prices of our competitors.Investigate RegulationsWe must identify all building codes and regulations. We will need to whap all personnel and clientele safety regulations, especially regarding food preparation and remembering conditions.Identify CostsWe will need to know all the costs before we begin. This starts with the cost of opening. The building will need to be prepared to suit our needs, particularly the separate eating areas. salubrious need to price the equipment and furnishing. salutary need to price advertising for both the staff and the opening. Well also need to price the necessary licenses and Permits. We also will need to know the act Cost of operating the restaurant. This will include Lease, insurance, utilities, staff (including the Chef), Food and Beverages.Identify fundingWell need to prepare a business plan to support funding requests and assure payback. We may need to obtain a loan for the opening. This will probably come from a silent partner or particul ar partnership.Risk AnalysisThis section describes the risks we anticipate for the project and the precautions we will take to manage them.RisksBad LocationWe could get slight traffic or less predictable traffic than expected. We might have a higher crime rate than expected. We might get a less affluent clientele than expected.Staff ProblemsThe Chef or other key staff might leave.Overestimated sales to investing ratioWe may spend too much on furniture decorations. The operating expenses may go up, including Lease or rent, and food.Trouble with hired aliens documentationUn-documented workers may cause problems with the authorities.Disturbances at siteThere may be disagreements mingled with the staff and the customers which could hurt future business.Catastrophic damageEmergencies such as fire, bad weather could cause damage and closures with loss of business. Vandalism and theft could also cause damage.Health problemsWe could have sickened customers due to contaminated food.Fail ure to manage bookkeepingWe could experience employee theft or unexpected taxes.Expand facility beyond customer demandWe may expand capacity and not get the expected increased business.Risk ManagementExamine proposed LocationWell need to determine the expected flow of traffic and verify the traffic in the area for different days and months. Well need to minimize the threat of crime. We can do this by Verifying a low crime rate and by interviewing the police and the neighbours. We can also restrict operating hours to avoid late night traffic.Establish client qualityWell need to observe dress of people and vehicles in the proposed area before committing to the location.Avoid Staff problemsWe want to offer the staff competitive salaries and incentives for staying. We should also give key personnel, such as the chef, some form of profit sharing.Assure healthy sales to investment ratioWe must limit opening expenses, such as the costs of furniture and decorations.Assure operating expenses are as stable as accomplishableWe must negotiate a good lease with a predicable rent. We should determine reliable food suppliers nearby to the site.Avoid trouble with hired aliens documentationWell need to determine and follow all government regulations concerning foreign workers. We should not hire any undocumented workers.Minimize Disturbances at siteWe will return good relations with all staff, and promote a culture of respect. Well Train the staff to handle difficult customers with role-playing. The management should set the example in all interactions with the staff.Mitigate risk of catastrophic damageWe should carry sufficient catastrophe insurance to cover reasonable anticipated damage.Avoid Health problemsWe should get proper health certification from the appropriate agencies. Well need to learn and observe all of the relevant health regulations. We will assure that the staff is flop trained regarding these regulations.Manage bookkeepingWe will hire a good accountant to check the books. Well inform the staff that cheating will issuance in dismissal.Avoid risky Expansion of facilityWe will assure that any expansion plan is well justified by a cautiously revised business plan.CostsIn this section we will describe opening and continuing costs.Opening costsWell need to pay fees for unhomogeneous licenses. Well need to prepare the building. We will need to negotiate a good lease and pay the first months rent and deposit. The estimated monthly cost for a typical property (1500 sq. ft at $14) would be $21,000 per month. Well need to buy equipment and furnishings.Table 1 Opening CostItem$USSRRate$13.75Building preparation(separate eating areas)$30,060112,725.00licenses and Permits (at .2% of cost)$60225.00Contractors for modifications installations$30,000112,500.00First month and deposit$42,000157,500.00Equipment$40,500151,875.00Kitchen$16,80063,000.00Stove$6,60024,750.00Sinks$1,5005,625.00Refrigeration$2,0007,500.00Dishwasher$2,0007,500.00Preparation tables$7002,625.00Cookware$5,00018,750.00Dry storage area$1,0003,750.00Dining room$20,80078,000.00Chairs Tables (290=180 seats)$18,00067,500.00Decoration (budget)$5001,875.00Wait stations$8003,000.00Beverage Dispensers$1,5005,625.00Reception$1,9007,125.00Front desk$4001,500.00Waiting area furniture$1,0003,750.002 Cash Registers$5001,875.00Advertising$1,0003,750.00For staff$5001,875.00For opening.$5001,875.00First month operating cost$74,641279,903.75All Opening costs$187,201702,003.75 rubicund=Group total Blue = Sub-TotalTotal Opening cost will be $187,201or 702,003.75 SROperating costsThis will include Lease, insurance (based on 10% annually for investment), utilities, Staff (including the Chef), Food and Beverages.Table 2 Operating CostItem$USSRLease$21,00078,750.00Interest$1560.015850.00Insurance$1,800.006,750.00Utilities$900.003,375.00electrical energy$500.001,875.00Gas$200.00750.00Water$200.00750.00Staff Salaries$10,000.0037,500.001 Chef$1,500.005,625.003 Kitchen helpers$30 0.001,125.004 Servers$400.001,500.002 buss people$300.001,125.002 Receptionists$500.001,875.00Staff Food Lodging*$7,000.0026,250.00Food Beverages$24,000.0090,000.00Non Food Consumables$16,000.0060,000.00Total cost$75,260.00$276,375.00Red=Group total*Compensation will include food and lodgingTotal Operating cost will be $75,260 or 276,375 SR per month.Project ProfitA conservative estimate of the monthly revenue indicates a monthly profit of $168,550 or 632,062.47 SR, based on the operating costs above. We actually expect better performance than this.Table 3 Meal RevenueItem$USSRMeal$30112.50People$90337.50Meals$311.25Days$726.25Weeks rev$56,700212,625.00Months rev$243,810914,287.50Months profit$168,550632,062.47SummaryWe have investigated opening an Arabic Restaurant called Summit Arabic Food. The Unique aspects of the restaurant separate service for men by men and for women by women slightly affected the opening cost. It is to be an Arabic Restaurant with a seating capacity of 90 for each gender (180 totals). The intent was to make enough money to support the family and this seems justified. We intended to serve the community and express our Arabic culture.The restaurant would be in Riyadh, Saudi Arabia, on a famous street such as Altahlyah St. It would serve people from the malls and businesses in the area. The Restaurant would be specialized for same gender service to be very convenient for eating in a relaxed setting. It would be open on Holidays and pay extra to the holiday help. We analyzed the risks and costs and expected profits and found all of them to be manageable. The Total Opening cost will be $187,201 or 702,003.75 SR. Total Operating cost will be $75,260 or 276,375 SR per month. A conservative estimate of the monthly revenue indicates a monthly profit of $168,550 or 632,062.47 SR, based on the operating costs above. We actually expect better performance than this.