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Business Plan
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Excerpt from Term Paper:
Business Plan
......1.6 Financial Management
The City of Melbourne is investing millions into sustainable businesses including Shells that will offer sustainable growth and development within the area selected. The first class resort will have a start-up expenditure of $370,000 of which the owners expect roughly of the money needed to finance the business provided by the City of Melbournes Tourism and Recreation plans for new businesses from 2007-2012. Shells expects to generate up to 1,000,000 in sales within 18 months of opening, with strong net profits by the beginning of year three. All investors providing additional income during maturity will receive a premium of all monies invested to 3% as a financial incentive to invest with Shells (Palo Alto, 2007)
1.7 Staff and operations
The staff at Shells will include locals with no less than three years experience in the fine dining industry. Shells will employ a team of two restaurant managers, one wait staff supervisor, 20 wait persons, 3 hosts assigned to each section (the main dining area, the lounge and the balcony). Kitchen and line staff will be hired on an as needed-basis, with the owner serving as head chef for the time being given his extensive knowledge of
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