Lounge 264 - Nightclub -Sample Restaurant Business Plan

6 © BPLANEXPERTS.COM Mission “To redefine the hospitality industry and provide services that is unmatched in the industry” Vision  Innovation in products and services  Provide the best customer satisfaction levels in the industry  Be transparent while conducting business  Be known as a fair and just employer  Be respected and admired by peers Keys to Success  Matching product to customer needs  Differentiation in the market through products and services  Value addition through events and social gatherings Company Ownership The Party group is founded by a team of professionals from the business world. The team brings in extensive expertise around the entertainment and hospitality sector. Lounge 264, is a fully owned venture of the Party group and will be the flagship brand for the company’s high end offerings Detailed resumes of the management team is enclosed in Appendix 1. Start ‐ up Summary Lounge 264 looking for a approximately 10,000  ‐  12,500 sq. ft. in main city, Michigan. Our start ‐ up costs come to $2 million which is mostly expensed equipment, furniture, painting, reconstruction, rent, start ‐ up labour, liquor license, six months operating cash, and legal and consulting costs associated with opening our restaurant. These are the start ‐ up requirements to the best of our knowledge and experience in the industry. The start ‐ up expenses for Lounge 264 include legal consultation and permit fees as a retail and food service establishment, as well as a special permit for the lounge to allow liquor license. Stationery includes business cards, letterhead, and business brochures. Insurance includes initial general and product liability premiums as well as renter's and key ‐ employee insurance. Rent covers one month's security and two month's rent for the initial location to allow for build out of the space before opening. Start ‐ up marketing covers the marketing campaign before launch, as described in the marketing plan. The website is a significant expense. It offers basic information on the business as well as a scalable social networking component to allow for the organizing of party groups and the planning of events.