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The Restaurant is to operate as a standard and secured fast food restaurant. We are in the restaurant/fast food industry to maximize profits, and we are going to go all the way out to ensure that we achieve our business goals and objectives. Smart Foods Restaurant (SFR) will station itself as one of the top restaurants in the area.

How are we going to do this?

First, we will offer our customers healthy and nutritious meals that use quality, nutritious, and organic ingredients at affordable prices. Our Restaurant will provide customers with a welcoming atmosphere that keeps them comfortable and relaxed while enjoying their meals. We will also provide some sort of soft entertainment to our customers.

Second, SFR will also stay active and up-to-date with the latest development in the industry regarding market trends. In addition to having a website, we will create an online presence on social media platforms like Facebook and Twitter.

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Startup costs

In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, you would need a good amount of capital as you would need to ensure that your employees are well taken care of and that your facility is conducive enough for workers to be creative and productive.

This means startup can either be low or high depending on your goals, vision and aspirations for your business. The tools and equipment used are nearly the exact Cost everywhere, and any difference in prices would be minimal, and one can overlook them.

The total startup cost required will be $300,000. $100,000 of this capital will originate from the owners, and banks will acquire the remainder through a loan.

Sources and Uses of Funds

The following illustrates the sources and uses of funds for SHR:

Sources of Funds

Owners’ investments                                                                                  $100,000

Bank loan                                                                                       $200,000

Total Sources of Funds                                                                                                          $300,000

Uses of Funds

Restaurant equipment, inventory, and furniture                                                                                     $100,000

Lease fee                                                                                                                          $50,000

Renovation of restaurant                                                                                                                      $50,000

Additional startup expenses in the form of working capital and contingency             $100,000

Break-Even Analysis

The following constitute the break-even analysis:

Total Fixed Cost (as annual expenses)                                                                                                          $600,000

Variable Cost (overhead Cost)                                                                       $5

Average Unit Price                                                                            $12

Break-Even Revenue (based on assumed average unit price)                                              $

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One thing is sure when it comes to the fast-food restaurant business, if you are in a central position, you will always attract customers cum sales, and that will sure translate to an increase in revenue generation for the business.

We have been able to examine the restaurant/fast food industry critically, and we have analyzed our chances in the industry. We have been able to come up with the following sales forecast. We expect our annual sales revenues to rise gradually over the next three years. Over the next three years, we hope to generate the following profits                                                                                  :

Year 1                                                                                      $300,300

Year 2                                                                        $400,200

Year 3                                                                                                                                   $450,200

N.B: This projection is made based on what is obtainable in the industry and assuming that there won’t be any significant economic meltdown and there won’t be any significant competitor offering the same products and customer care services as we do within the exact location. Please note that the above projection might be lower, and at the same time, it might be higher.

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Quality improvement initiatives in the health system are activities and roles through implementation improve the quality of healthcare. The goals of quality improvement are problem, goal, aim, and measures. The quality improvement activities improve health acquisition by the population, enhance the treatment experience and improve management outcomes. Quality improvement has benefits and initiatives implementation improves success.



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Quality improvement initiative.

The quality improvement initiative is improvement of patient engagement in care. The purpose of this initiative is to help healthcare providers and patients work together to promote the care deliver outcomes. Moreover, the initiative enables family members, the patient, and the healthcare team to make mutual decisions on the form of care and management. The target population are the doctors, nurses, and other healthcare providers that are helpful in holistic management of the patient. The health team is the gap between health and the condition of the patient. The gap needs maximum utilization in order to effectively promote health and well-being. The gap management enabling is through patient involvement.