A Business Plan to Open a Portuguese Restaurant in London Essay

A Business Plan to Open a Portuguese Restaurant in London - Essay Example The management plan is discussed majorly for the employee’s costs and benefits. The financial plan shows the financial plan, profit and loss statements, balance sheet, Industry ratios, and addresses every possible risk and how to manage the risks along with several recommendations. The Portuguese restaurant will be a multicultural restaurant that will get to serve customers desiring Portuguese and American food. The restaurant seeks to meet every need of the diverse and growing ethnicity of the London city and targets to be the first to offer the authentic Portuguese foods. Food from the restaurant will get prepared primarily from food products that are fresh. The restaurant will have to create a Portuguese atmosphere. International music and culture will get incorporated into the restaurant using the paintings, murals and Portuguese music. The restaurant will get started in six months’ time, and the location of the restaurant will be in the north central of London city. The size of the restaurant will be 1200 square feet and will comprise of cooking area with freezer and refrigerator, counter eating area, restroom, dining area and waiting area for the takeout food. The owner’s, John Smith, prior experiences in the management of the restaurant resulted in his desire to want to manage and own a restaurant. Currently, John works at J &A Catering and Entertainment Corporation. Therefore, John Smith is the one that will operate the Travellers restaurant, and this is due to his goal of owning and operating a restaurant that he can utilize his proven experience and professional skills. His skills and experience in the restaurant business go back as far as 2007. From 2007- 2010, he worked as a cook for the Burger King Restaurant. From 2010- 2012 he operated as cook in Popeye’s Fort Wayne. At J&A Catering and Entertainment, he was responsible for managing the bar and getting to plan special events. His ability include working long hours,