Ahhhh Essay Example For Students

Ahhhh Essay Johnny Whiteper. 2opening a chilis franchise1.Have you ever been at a restaurant and thought to yourself, how do I do startmy own Chilis restaurant? If I have does that make me weird? Opening a restauranthas been something I have wanted to do for a while now. 2.Qualifications for ChilisA)three steps1. 5yrs. experience with a multi-unit restaurant owner2. personal/business liquidity of $500,000 per restaurant3. personal/ business net worth of at least $5 millionB)initial franchise fee $ 40,0003.Land / LocationA)1. lease monthly $4,000 (Richmond) 2. buy 10 years contract $300,000B)Average price $3,000 12,000 monthly4.Size1. approx. 5532 sq. feet2. 217 seats3. 146 dining area seats4. 71 seats in the bar area5.ConstructionA)pre-construction $40,000 200,000 (architectural and related drawings,engineering, testing, and permits)B)construction cost $650,000 1,100,000 (foundation, slob, materials,hardware, roof, plumbing, electrical, HVAC equipment, and labor)C)site work $95,000 300,000 (paving, parking lot, sidewalks, curbs,installation of outdoor lighting)D)exterior signage $12,000 40,000 (2 min. signs)6.Furniture / fixtures $75,000 90,000(requires you to the table, chairs, and benches that meet their specifications)7.Kitchen / bar equipme nt $300,000 350,000(kitchen and bar equipment, bar millwork, ventilation, refrigerationequipment, and sound system)B) bar accessories $30,000 35,0008.Opening Advertising $8,000 10,000(local broadcast media, advertisements in local newspaper, direct mail, andmagazine)9.Initial TrainingA)the cost of training for 1st time employees $40,000 50,00010.Working Capitol is comprised of an estimated range of $12,000 to 22,00011.Inventory $15,000 20,000 A) range given will be needed to cover your inventory needs for the 1stmonth of operation. 12.Liquor license $10,000 400,000vary significantly Local requirementsStateCounty13.System Installation $30,000 40,000A) computerized accounting, and security system14.Additional funds $450,000 600,000A) 1st three months lease payments, 1st three months inventory, payroll,utilities, insurance, security, repairs, maintenance, builders risk insurance. 15.Effective factorsA)management and skillB)experienceC)local economic conditionsD)local market for the restaurantE)prevailing wage rateF)competition in market place16.Total cost to start a Chilis restaurant $1,800,000 2,909,000RESOURCESwww.chilis.cominterviewed Chilis managerWords/ Pages : 315 / 24