A 62 Cover Running Restaurant Case Study - Management Assignment Help

Assignment Task

THE CASE

A 62 COVER RUNNING RESTAURANT, IN BUSY AREA, SURROUNDED BY PUBS, PIZZERIA, CAFE, COFFEE SHOPS BAR ETC

A SUCCESSFUL, PROFESSIONAL GROUP OWNS IT, THEY ARE PROPERTY INVESTORS

THE  GROUP CARES ABOUT THE SUCCESS OF THE RESTAURANT, ITS STAFF AND REVENUE AND PROFIT

THERE RESTAURANT  RMT,  HAS A  RESAURANT MANAGEMENT TEAM

THERE ARE 15 WORKERS / STAFF PRESENT  AT ANY MOMENT OF TIME

TIME OF OPERATION 9.00 AM IN THE MORNING TILL  10.00 PM AT  NIGHT, BREAKFAST LUNCH, DINNER

ONE YEAR’S FINANCIAL DATA, OPERATIONAL DATA HAS BEEN PROVIDED

APPARENTLY WHAT APPEARS EXCITING ABOUT THE RESTAURANT IS CONFUSING  OFTEN   DISCOURAGING IN THE FIGURES

YOU ARE THE CONSULTANT RESOLVING THE PROBLEMS…

Your mission includes the following: 

As part of the management team, you are required to operate the restaurant on behalf of the owners and suggest ways to turn the business from operating at a loss to a position of profit.

1. There is a projected 15% sales increase for the following financial year 2021-2022 (Y1). Assuming the cost structure of Y0 hasn’t changed, evaluate the profitability of the operation as of 1st January 2023.

2. Based on current market trends (market research) and relevant academic theories advise the owners on strategies to make the restaurant profitable in the future (Y3 and beyond) (i.e., menu management, marketing and operating costs based on the above financial data analysis).

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