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Course project

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Course project

Category: Coursework

Subcategory: Management

Level: College

Pages: 3

Words: 825

Highway Restaurant
Name
Institution Affiliation
Topic 1
The start of the restaurant will require putting most of the things that will be used in place. For instance, the structuring of the building to suit the business that will be conducted in it such as the painting drawings and design, flooring, and plumbing among other basic requirements of the restaurant building. The furnishing of the rooms that will be used as restrooms, as well as the dining rooms, should be budgeted for (Berry, 2006). There will be an inventory being opened and the insurance coverage being paid at the beginning of the business. And also the licensing of the liquor that will be used must also be included in the initial budget (Berry, 2006). Similarly, the salary for the employees for the first month will be included in the budget to make it easy to pay the employee for the work they have done just in case the business fail to pick up as expected by the management of the restaurant. In general, the budget will appear as shown below.
Expenditure Low High
Furnishing the restaurant building (including the drawing and design, plumbing, flooring, painting, fitting of the electric appliances, and duct working among other things $120,000 $250,000
Kitchen and Bar equipment $90,000 $110,000
Tables and Chairs $20,000 $34,000
Security, entertainment and other electronics $10,000 $20,000
License for liquor $10,000 $20,000
Insurance coverage $1,000 $2,000
Pre-opening training of employee and hiri…

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