Based on the achievement of learning outcomes 1, 2, 3, 4. To be submitted in week 10 In assessment 1 you are required to prepare a 1500-word feasibility study for a food and beverage operation of your choice. It can be located in any country and for that reason must comply with the countrys laws and regulations, but all financial considerations and any costing must be in Swiss Francs. Conducting a feasibility study prior to investing the time and money to open a business can help an entrepreneur make a more informed decision about the venture’s chances of success because they often overestimate the size of the market and do not take into account tough competition. Your research and findings
Based on the achievement of learning outcomes 1, 2, 3, 4. To be submitted in week 10 In assessment 1 you are required to prepare a 1500-word feasibility study for a food and beverage operation of your choice. It can be located in any country and for that reason must comply with the country’s laws and regulations, but all financial considerations and any costing must be in Swiss Francs. Conducting a feasibility study prior to investing the time and money to open a business can help an entrepreneur make a more informed decision about the venture's chances of success because they often overestimate the size of the market and do not take into account tough competition. Your research and findings should be included in the feasibility study and referenced appendices can be included. You should cover the following areas although you are free to include more.
Sheet 2 – Table 1-1
| YES' Hotels | |||||
| Income Statement (F&B Revenue) | |||||
| As of December 31, 2013 and 2014 | |||||
| F&B Revenue | 2013 | 2014 | $ change | % change | |
| Dining Room | $201,600 | $221,900 | $20,300 | 10.07% | |
| Coffee Shop | $195,900 | $201,700 | $5,800 | 2.96% | |
| Banquets | $261,200 | $241,100 | ($20,100) | -7.70% | |
| Room Service | $81,700 | $82,600 | $900 | 1.10% | |
| Bar | $111,200 | $121,800 | $10,600 | 9.53% | |
| Total Revenues: | $851,600 | $869,100 | $17,500 | 2.05% |
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Sheet 3
| She’s | ||||
| Income Statement for the Months Ended June 30 and July 31, 2014 | ||||
| June | July | $ change | % change | |
| Revenues: | ||||
| Food | $ 890,000 | $ 927,000 | 37,000 | 4.16% |
| Beverage | $ 220,000 | $ 201,100 | (18,900) | (8.59%) |
| Others | $ 28,100 | $ 26,150 | (1,950) | (6.94%) |
| Total Revenues | $ 1,138,100 | $ 1,154,250 | 16,150 | 1.42% |
| Cost of Sales: | ||||
| Food | $ 320,400 | $ 358,700 | 38,300 | 11.95% |
| Beverage | $ 48,400 | $ 48,000 | (400) | (0.83%) |
| Others | $ 15,455 | $ 15,010 | (445) | (2.88%) |
| Total Cost of Sales | $ 384,255 | $ 421,710 | 37,455 | 9.75% |
| Gross Profit: | ||||
| Food | $ 569,600 | $ 568,300 | (1,300) | (0.23%) |
| Beverage | $ 171,600 | $ 153,100 | (18,500) | (10.78%) |
| Others | $ 12,645 | $ 11,140 | (1,505) | (11.90%) |
| Total Gross Profit | $ 753,845 | $ 732,540 | (21,305) | (2.83%) |
| Operating Expenses: | ||||
| Salaries and Wages | $ 352,811 | $ 353,000 | 189 | 0.05% |
| Employee Benefits | $ 105,843 | $ 105,900 | 57 | 0.05% |
| Direct Operating Expenses | $ 68,286 | $ 69,578 | 1,292 | 1.89% |
| Marketing | $ 39,834 | $ 35,000 | (4,834) | (12.14%) |
| Utilities | $ 44,386 | $ 45,900 | 1,514 | 3.41% |
| Administration and General | $ 28,453 | $ 28,453 | 0 | 0.00% |
| Repairs and Maintenance | $ 25,038 | $ 15,040 | (9,998) | (39.93%) |
| Music and Entertainment | $ 31,867 | $ 32,045 | 178 | 0.56% |
| Total Operating Expenses | $ 696,518 | $ 684,916 | (11,602) | (1.67%) |
| Operating Income | $ 57,327 | $ 47,624 | (9,703) | (16.93%) |
| Other Expenses: | ||||
| Rent | $ 8,000 | $ 8,000 | 0 | 0.00% |
| Depreciation | $ 20,470 | $ 20,470 | 0 | 0.00% |
| Interest | $ 4,500 | $ 2,250 | (2,250) | (50.00%) |
| Total Other Expenses | $ 32,970 | $ 30,720 | (2,250) | (6.82%) |
| Income Before Income Taxes | $ 24,357 | $ 16,904 | (7,453) | (30.60%) |
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Sheet1
,
Sources_Uses
| Sources and Uses of Funds | |||||
| Uses of Funds | |||||
| Operating Equipment | $ 45,000.00 | ||||
| Refurbishment | $ 20,000.00 | ||||
| initial inventory | $ 3,000.00 | ||||
| payroll 6 months | $ 15,000.00 | ||||
| initial marketing | $ 7,000.00 | ||||
| miscellaneous | $ 10,000.00 | ||||
| Total | $ 100,000.00 | ||||
| Sources of Funds | |||||
| Own Funds | $ 20,000.00 | ||||
| Investors | $ – 0 | ||||
| Bank Loan | $ 80,000.00 | ||||
| Total | $ 100,000.00 |
Balance_Sheet
| Balance Sheet | ||||||||
| Opening Balance | Month 1 | Month 2 | Month 3 | |||||
| Assets | ||||||||
| Current Assets | ||||||||
| Cash | $ 100,000.00 | $ 38,724.30 | $ 22,048.60 | $ 27,466.93 | ||||
| Inventory | $ – 0 | $ 1,000.00 | $ 1,000.00 | $ 2,000.00 | ||||
| Accounts Receivable | $ – 0 | $ – 0 | ||||||
| non-current Assets | ||||||||
| Rent Deposit | $ – 0 | $ – 0 | $ – 0 | |||||
| Equipment | $ 52,000.00 | $ 52,000.00 | $ 52,000.00 | |||||
| less: accumulated depreciation | $ 841.27 | $ 1,682.54 | $ 2,523.81 | |||||
| Total Equipment | $ 51,158.73 | $ 50,317.46 | $ 49,476.19 | |||||
| total Assets | $ 100,000.00 | $ 90,883.03 | $ 73,366.06 | $ 78,943.12 | ||||
| Liabilities | ||||||||
| Current Liabilities | $ – 0 | $ – 0 | $ – 0 | |||||
| Accounts Payable | ||||||||
| Salaries Payable | ||||||||
| Current Portion of Long-Term Debt | $ 38,095.24 | $ 38,399.01 | $ 38,705.21 | |||||
| Non-Current Liabilities | ||||||||
| non-Current Portion of Long-Term Debt | $ 38,866.99 | $ 35,501.23 | $ 32,108.62 | |||||
| total liabilties | $ 80,000.00 | $ 76,962.23 | $ 73,900.24 | $ 70,813.83 | ||||
| Owner's Equity | ||||||||
| common stock | $ 20,000.00 | $ 20,000.00 | $ 20,000.00 | $ 20,000.00 | ||||
| retained earnings | $ -6,079.20 | $ -20,534.18 | $ -11,870.71 | |||||
| total Owner's Equity | $ 20,000.00 | $ 13,920.80 | $ -534.18 | $ 8,129.29 | ||||
| Liabilities + O.E. | $ 100,000.00 | $ 90,883.03 | $ 73,366.06 | $ 78,943.12 | ||||
| check | $ – 0 | $ – 0 | $ – 0 | $ – 0 | $ – 0 | $ – 0 |
Income_Statement
| Income Statement | ||||||
| Month 1 | Month 2 | Month 3 | ||||
| Revenues | ||||||
| Food Revenues | $ – 0 | $ – 0 | $ 15,000.00 | |||
| Beverage Revenues | $ – 0 | $ – 0 | $ 6,000.00 | |||
| Total Revenues | $ – 0 | $ – 0 | $ 21,000.00 | |||
| Expenses | ||||||
| C.O.F.S. | $ – 0 | $ – 0 | $ 3,750.00 | |||
| C.O.B.S. | $ – 0 | $ – 0 | $ 1,200.00 | |||
| Payroll & Related | $ 2,500.00 | $ 2,500.00 | $ 3,500.00 | |||
| Depreciation | $ 841.27 | $ 841.27 | $ 841.27 | |||
| Petrol | $ 100.00 | $ 500.00 | $ 1,000.00 | |||
| Interest | $ 637.93 | $ 613.71 | $ 589.29 | |||
| Miscellaneous | $ 2,000.00 | $ 10,000.00 | $ 1,000.00 | |||
| Total Expenses | $ 6,079.20 | $ 14,454.98 | $ 11,880.56 | |||
| pre-tax Income | $ -6,079.20 | $ -14,454.98 | $ 9,119.44 | |||
| Income Tax | $ – 0 | $ – 0 | $ 455.97 | |||
| Net Income | $ -6,079.20 | $ -14,454.98 | $ 8,663.47 | |||
| Retained Earnings | ||||||
| Opening Balance | $ – 0 | $ -6,079.20 | $ -20,534.18 | |||
| + Net Profit | $ -6,079.20 | $ -14,454.98 | $ 8,663.47 | |||
| – Dividends | $ – 0 | $ – 0 | $ – 0 | |||
| Closing Balance | $ -6,079.20 | $ -20,534.18 | $ -11,870.71 |
Equipment
| Equipment | |||||||
| item | cost | useful life (years) | useful life (months) | depreciation per month | |||
| Truck | $ 40,000.00 | 5 | 60 | $ 666.67 | |||
| Computer | $ 2,000.00 | 3 | 36 | $ 55.56 | |||
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