Floating restaurants are a new phenomenon marketing essay

Firstly we need to do first business plan in order to open a new restaurant. Opening up a new Restaurant in Wembley central area will meet the following set of objectives: Achievement of company’s objective which includes maximisation of shareholders wealth. Fulfil its growth organically.

According to the National Restaurant Association, the restaurant industry sales are expected to reach a record $537 billion in 2007 and they have estimated that there are approximately 935,000 restaurant-and-food service centres. Firstly we need to do first business plan in order to open a new restaurant.

A restaurant financial analysis analyzes routine metrics such as profits and losses, cash flow, cost of sales and cost of labour. By assessing this data, operators can evaluate their finances and establish systems and structures to keep their restaurant a float.

Although the restaurant industry is very competitive and as the number of people have less time, resources, and ability to cook for them it is important that the restaurant is well positioned for the current interest and people get healthier foods at moderate to low prices.