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FINANCIAL PLAN
Please review the Sales actuals for 2005 and forecast numbers for 2006 & 2007 for all the businesses combined. Certified statement enclosed. |
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IMPORTANT ASSUMPTIONS
The financial plan depends on important assumptions, most of which are shown in the following table as annual assumptions. Interest rates, tax rates, and personnel burden are based on conservative assumptions. Some of the more important underlying assumptions are:
We assume a strong economy, without a major recession.
We assume, of course, that there are no unforeseen changes in consumers' tastes or interests to make our concept less competitive. |
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KEY FINANCIAL INDICATORS
- Food costs must be kept at, or below, 30%.
~ Unit level employee costs must be kept at, or below, 25%.
- One of the other important indicators is inventory turnover. In the restaurant business, turnover exceeds 50 per year, with product being purchased and sold often within the week Above all, controls must be instituted and maintained over multiple locations.
- Minerva will upgrade its systems to use state-of-the-art restaurant control and inventory Management systems. All systems will be computer-based, allowing for accurate off-premises control.
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Birthday Parties
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Chicken Roast
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