Take five has promoted its brand through the operation of its existing location at Medlock Bridge road and State Bridge road in Americus, georgia. The flagship location provides a unique dining and entertainment experience in a high-energy environment. Customer acceptance has been proven. Regular and repeat customers cross many age demographics and families are frequent diners. Take five has promoted heavily with tie-ins to Atlanta professional teams and celebrities. Take five sports Bar grill is the radio home for the live monday night wwhk americus Horsecats coaches show.
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In addition, sports memorabilia will be sold. Quality food—Each take five store will serve freshly observation prepared, high quality, popular cuisine that is targeted to appeal to a variety of tastes and budgets with an emphasis on reasonably and moderately priced signature items of particular appeal to a local market. Quality service—In order to maintain its unique image the company provides attentive and friendly service with a high ratio of service personnel to customers and also invests in the training and supervision of its employees. Company Ownership, take five sports Bar grill is a privately held were georgia company. Smith is the principal owner. Smith's intention to offer limited outside ownership in take five on an equity, debt, or combination basis in order to facilitate a more rapid expansion of the take five concept. Smith holds. In Finance from the University of georgia. He has held executive level positions in finance with Global Electric and Vacation Inn Worldwide. He is previously experienced in the restaurant industry, having opened Smith's Italian Restaurant in 1993, which still operates successfully under his ownership. Company history, take five sports Bar grill was founded in 1995 by joseph Smith to capitalize on the ever growing market demand for high end technology enhanced sports theme restaurants.
This applies equally to product control and to financial control. The key elements of take five's restaurant store concept are as follows: Sports based with themes—The company will focus on themes that have mass appeal. Distinctive design features—All stores will be characterized by spectacular visual design and layout. Each store will display a collection of authentic sports memorabilia. High profile locations—The company selects its store locations based on key demographic indicators, including traffic counts, average income, number of households, hotels, and offices within a certain radius. Celebrity events—The company stores will be distinguished by the promotional activities of sports celebrities and by media coverage of appearances and special events. Retail merchandising—Each store will include an integrated retail store offering premium quality merchandise displaying the company's logo design.
We want our customers to have more fun during their leisure time. We provide more televisions with more sporting events than anywhere else in the region. We provide state-of-the-art table-top audio control at each table so the customer can listen to the selected program of his or her choice without interference from background noise. We combine menu selection, atmosphere, ambiance, and service to create a sense of "place" in order to reach our goal of over-all value in a dining/entertainment experience. Keys to success, the keys to success in achieving our goals are: Product quality. Not only great food but great service. Managing finances to enable new locations to open at targeted intervals. Controlling costs at all times without exception. Instituting management controls to insure replicability of operations over multiple locations.
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Objectives, take five has the objective of opening additional stores in Americus Metro at Ashford-Dunwoody, lawrenceville, buckhead, and East Cobb. Additionally, a store will be opened on the beach at Destin, Florida, a year-round resort destination. The management of take five has demonstrated its concept, execution, marketability, and controls, and feels confident of its ability to successfully replicate the quick ramp-up of the medlock Bridge location to additional venues. The following objectives have been established: have all five stores operational by 1998 with a sequential time-line of openings. Maintain tight control of costs and operations by hiring quality management at each location and utilizing automated computer control.
Keep food cost paper under 32 of revenue. Keep beverage cost under 21 of revenue. Select only locations that meet all the parameters of success. Grow each location to the 3 to 5 million annual sales level. Mission, take five sports Bar grill strives to be the premier sports theme restaurant in the southeast Region. Our goal is to be a step ahead of the competition.
First year operations will produce a net profit of 433,000. This will be generated from an investment of 625,000 in initial capital. Since 10 months of operations have already been completed, the confidence level for final first year numbers is extremely high. The first 10 months of start-up costs, sales revenues, and operating expenses are actual. Expansion plans are already underway. Owner funding and internally generated cash flow will enable additional stores to open.
Sales projections for the next four years are based upon current planned store openings. Site surveys have been completed and prime locations have been targeted for store expansion. The sales figures and projections presented here are based upon an additional four store locations at the most premium sites available in the Americus Metro market area as well as a prime resort location in Destin, Florida. This plan will result in sales revenues growing to 25 million by fy2000 and generating net income in excess.6 million. Management has recognized the rapid growth potential made possible by the quick success and fast return-on-investment from the first location. Payback of total invested capital on the first location will be realized in less than 18 months of operation. Cash flow becomes positive from operations immediately and profits are substantial in the first year.
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Note, too, the focused objectives and keys to success. The narrowed focus assures the company won't paper be spread too thin to achieve their goals. This plan was compiled using Business Plan Pro, by palo Alto software. Executive summary, company summary. Market summary, marketing strategy, management summary, financial plan. Executive summary, take five sports Bar grill has established a successful presence in the food and beverage service industry. The flagship location in suburban Americus (Medlock Bridge) will gross in excess of 2 million in sales in its first year of operation, ending July 1996.
With our outstanding track record in the initial finance of small startups, we know exactly what you need to attract the investment required. A vital part of this process is outlining and writing a business plan, after consulting widely with all players involved and firming up your vision. Your start-up company is too important to leave to chance. Let hj ventures offer you their expertise in small business financing and related writing: business plan writing, mission statement, and financial projections. Contact us to develop your business plan today! Please contact us at or if you have any questions on business plan consulting and raising capital. Advertise here, take five sports bar grill 16777. Americus, ga 31709, paper this business plan serves as a good model for a restaurant looking to franchise. The existing company's profitability is described in full detail and the demand for similar restaurants is communicated well.
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