Determine feasibility of a restaurant, management homework help

Description:

Deliverable length: 1–2 page action plan
Course Objective(s):

  • Determine feasibility of a restaurant
  • Calculate a Pro Forma P&L

Congratulations! You have just graduated at the top of your class from Le Cordon Bleu. While in school, the dream of owning and operating your own restaurant was all you could think about. Now that you have graduated, it is time to turn that dream into a reality. Your restaurant proposal is already prepared (week 1 assignment), so the next step is to determine the feasibility of it. To accomplish this, you will need to determine in which part of the country you will locate your restaurant, and then you will need to research and determine the following information for that area (city and state):

  • Demographics: Does it support your target market? This includes age, income, employment type, and education.
  • Competitive review: Determine the direct and indirect competition that you will face, and complete a SWOT analysis.
 
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