Business Plan Questionnaire
Business Plan Questionnaire
Email Address:
Phone:
SECTION 1.
1. What is the name of your product/service and how does it work? Provide a detailed
description.
Food industry, primary American cuisine.
3. What are the names of the people involved in the business and what are the positions they
hold? Anna Economopoulou (CEO/Head Chef) Othonas Economopoulos (COO) Dennis
Economopoulos (Manager)
4. Tell me four main city your business is targeting
Metro Detroit, Michigan
5. What is the reason behind you starting your business? Include your mission statement. If
you don’t have one, we can provide you with one.
We want to provide a beacon of hope for an impoverished community that is lacking good
restaurants at an affordable price.
6. What is your vision statement? (Not sure by this like the projected goal?)
13. Provide a short biography leading up to the point you started the company.
Our family moved to Detroit in 1968 and have worked in the auto and restaurant industry
ever since. Where the restaurant is to be built our family has owned a auto mechanic shop
since 1983. The area is on a come up after many decades of neglect. Thus we came up with
the idea to build a restaurant to unite the community with good food and joy.
14. Are you looking for an investor? If yes answer the following questions.
Yes
16. What is the amount of revenue you expect to generate in the first year of operation?
We expect to make roughly $3.1 million in the first year the $1.6 million being expenses and
$1.5 million being profit in the first year.
17. Is this a home based business? If no how much is the rent you pay for your office structure?
No, it would need to be built at our land that we own in Detroit.
18. How much are you asking from your investor?
$500,000
19. What are the costs of the monthly expenses you expect to incur? Please list them along
with the cost.
Monthly expenses: Personal 10 people, and the food cost will be the biggest monthly
expenses. Then we have Insurance,
Rent: We will not rent we will own the building we will only have to pay for the loan.
Phone: don’t have yet but will get
Website: don’t have yet but will get
Advertising: We will advertise on social media and word of mouth among our circle.
Office Supply: none
Insurance: building insurance
20. Are there any assets or liabilities that you are presently carrying (Loans, Pensions, and
IRA/401K)? If yes please list them.
Just a mortgage on the house of about 80K, we own the mechanic shop and the property
that its on.
21. When and what are the steps, you plan to take to make your business a success?
As soon as we receive the funds we will have our contractor begin to get the building
license and start building the restaurant. Once it gets built in the following 6 months to
build. It will be 1400 sq feet.
1. How much net profit are you anticipating to make in your first, second, third, fourth and
fifth years.
2. Kindly list some expenses you would incur in the course of operation. Indicate each
expense with price if it is a monthly or yearly expense.
3. At what rate would you be offering your services and at what profit margin
(percentage?)
4. How Many Staff members do you have? Kindly give a salary scale on each staff member.
5. Any form of Loan or Investment? If any, kindly state and give % on interest.
6. owner investment or shareholder contribution?
7. Fill the startup table below.
Startup
Startup Expenses
Legal: LLC
Stationery etc. Building new construction
on our own land
Insurance. Monthly roughly 1200-1500
Rent: Own property just loan payment
Computer: $10,000 for the software and
computer.
Other roughly $10,000 monthly for day to
day operations.
Total Startup Expenses We would need
500,000 for the construction of the
building and for the start up cost.
Startup Assets
Cash Required
Startup Inventory:
Other Current Assets
Long-term Assets
Total Assets
Total Requirements
In terms of sales growth seeing 5-10%the first 6 months to a year month over month
growth.
In terms of cliental loyalty getting enough popular to make it on the local news.
Include as many specific programs as possible. For each program, give it a name, a person
responsible, a milestone date, and a budget.
One our program will be “Helping The Workers of Detroit” that means if you work in the
city of Detroit you get 10% discount on certain days to give back to the community.
We also would like to give out some free food in our soft opening before our grand
opening to allow the community to try samples of our menu without any cost to them.
When our social media platforms reach 1,000 and 10,000 followers Othonas
Economopoulos will be responsible for that. Hoping to reach that within a year.
Note that all the above information is very important. You don’t have to be
accurate; you can just give an estimate but note that the financial plan will be
based on the estimate given. ANY OTHER RELEVANT INFORMATION
YOU THINK WILL HELP WHILE PREPARING INVESTORS BUSINESS
PLAN IS HIGHLY WELCOME.
Our overall objective is to build a restaurant with family values that can reunite a broken
community. The lack of competition in the area and with it being an upcoming area after
decades of neglect it’s the perfect time to start the restaurant All In One we can get
grandfathered in. This will allow our company to be successful if we establish our customer
base before any other restaurants start in the area. In addition us owning our land and
having a business these for over 40 years we have built a bond with the community as a
reliable and trustworthy family.