Business Plan for Sushi Restaurant

Business Plan for Oyi-Shi Sushi restaurant By Hongying Cai C each(prenominal) over earn Dear Investor Youre looking at a business devise for one of the finest and best Sushi eating place what leave alone take place in down town Manhattan. The eating place is specifically situated at the terra mansiona Zero, where back in the old days, the finest place. Right now the government is construct the serviceman Trade Center, which means wealthy people atomic number 18 approach back to down town Manhattan. This is a great opportunity to write down a restaurant around the atomic number 18a, since the population go out significantly accession due to the rising of a 105 stories skyscraper.Oyi-Shi sushi restaurant is design for consumer to obligate a relaxed and winning environment for brunch, lunch, happy hour, and dinner. We serve variety modality of Nipponese sushi, Such as Aburi Sushi, Gunkan-Maki, Maki Sushi and Nigiri Sushi, nonnegative different selections of beve rages. Oyi-shi restaurant entrust be able to occupy over 40 guess, and a Bar, which pull up stakes accommodate 15 people. Executive Summary Sushi restaurant industry had adult(a) enormously in United State during last decade. As of now days, there ar approximately 30,000 throughout 50 states, There are over 200 sushi restaurant located in New York.The employment of this business plan is to find investor or a partner to arrest off the business. Oyi-Shi Sushi Bar and Grill is a high-end sushi restaurant and bar located at establish Zero, Seeking to provide guest with a pleasant environment for dinning or happy hours. Plus we would like to satisfy client with our descent sushi catering and variety selection of sushi styles. order Back Ground Oyi-Shi sushi restaurant Inc. is a New York base corporation, Will be show chthonic the State of New York. Restaurant is initially found by HongYing Cai, and seeking to have a partner. Mr. Cai allow obtain 55% of the business.There are overwhelming competitions in restaurant business. In New York City, there are over thousands of restaurant serving different food or caterings. different obstacle for sushi restaurant is raising price in seafood. According to IBIS World, sushi restaurant industry is facing a decline in revenue of 3. 4% each year. However there are still opportunities for sushi restaurant business. The discover for rebuilding World Trade Center impart have a significant improver of population in down town Manhattan. With increase in population there is a need for food. Management aggroup Overall restaurant will be managed by HongYing Cai.I have over 7 years of working experience in restaurant industry. Plus majority of my relatives are restaurant owner, they can give me advises on managing the restaurant. For chief, I will hire 2 Japanese sushi chief, who had at least 5 years of experience on making sushi catering, plus 2 sushi helpers, with at least two year in experience. Well hire 7 waiters or waitress. 3 of them will doing daily shift, 4 of them will have the nighttime shift, each of the waiter or waitress need to be real polite to the customer and fluent in English, bonus if speaking other language, Japanese or Chinese is preferred.Financial Plan There are no loans make in the starting of the business, all capitals had came from founders and the partner. General assumptions of Federal task measure are around 33%, and sales tax rate is around 5%. These tax rates are fixed for all 5 years projection. We also assume that the average sales of the restaurant increase about 15% each year. We also Assumes that the operating constitute is around 45% of the good sold. Year 1 Year 2 Year 3 Year 4 Year 5 gross revenue $1,440,000 $1,656,000 $1,904,400 $2,190,060 $2,518,569 Operating approach $648,000 $745,200 $856,980 $985,527 $1133356 EBITA $792,000 $910,800 $1,047,420 $1,204,533 $1,385,213 Tax, Interest rate and $300,960 $346,104 $398,020 $457,723 $526,381 depreci ations Net Profits $491,040 $564,696 $649,400 $746,810 $858,832 metropolis Required Oyi-Shi sushi restaurant will start off with $400,000 capitals.Following table will show how this capital will be used Project detonate off Cost Initial Lease Payment and Deposits $50,000 Working bang-up $150,000 FF&038E $50,000 Leasehold Improvement $15,000 Security deposit $10,000 Opening supplies $15,000 phoner vehicle and lease deposit $40,000 Marketing budget $50,000 Miscellaneous and Unforeseen Cost $20,000 Total $400,000 Marketing Plan The Objective of this marketing plan is to increase the visibility of the business in the surrounding area. By doing so, I will use a number of marketing strategies that will allow the Sushi Restaurant to easily target men and women within targeted market. These strategies include handed-down print advertisements and discounts offered as a part of a grand opening campaign. down the stairs is a description of how the business intends to market its services to the general public.The Company also intends on hiring a local public relations firm that will promote reviews and articles about the restaurant, its cuisine, and relevant hours of operation and pricing. I will invite local food critics to the Companys Sushi Restaurant localisation in order to generate positive publicity about the restaurant. The Company will maintain a sizable add of print and traditional advertising methods within local the local market to promote the sushi and Japanese cuisine products that the Company is selling. At the onset of operations, the Company will grapple an expansive number of coupons for lower priced fare within local circulars mend Analysis I had picked area around Ground Zero, as the hole of the Oyi-Shi Sushi restaurant.Primary reasons are rebuilds of World Trade Center. According to the Port Authority of NY and NJ, this freshly raising skyscraper is five major skyscrapers at downtown Atlanta, providing Class A Offic e space. Plus there will be worlds most significant memorials and museums, which means there are good amount of tourist. Reports from Port Authority of NY and NJ also indicated there will be 250,000 people and over 200,000 commuters using the World Trade Centers transportation hub. Manufacturing plan In order to provide customer with the best food, I decided to import the seafood and other goods needed to serve the customer every 3 days. I will have 3 big refrigerators to store these goods.Each of the refrigerators will be store with different goods, for example, all seafood will be store within one particular refrigerator with temperatures under the control to make sure the condition of the seafood is in good standing. vermiform appendix Sushi Restaurants in the US Industry Market Research Report straight Available from IBISWorld. PR Web. April 12, 2012. celestial latitude 10, 2012. http//www. prweb. com/releases/2012/4/prweb9393316. htm Sushi. Wikipedia. December 15, 2012. Dec ember 15, 2012 http//en. wikipedia. org/wiki/Sushi World Trade Center A Roadmap Forward The Port Authority of NY and NJ. October 2, 2008. December 15, 2012. http//www. panynj. gov/wtcprogress/pdf/wtc_report_oct_08. pd