Assignment 1 budget updated

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School

Fanshawe College *

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Course

6128

Subject

Marketing

Date

Jun 7, 2024

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docx

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5

Uploaded by CaptainHeron4059

Assignment 1: Statement of Work - Opening a Vegan restaurant on campus Group 1: Insiders Marshal K Mathew Mohamed Inamul Hassan Samikshya Subedi Van Der Linden Jasmeen Velani Lawrence Kinlin School of Business, Fanshawe College MGMT-6128 – Project Management Professor Nessen Ramsamy Jan 19, 2024 1
Assignment 1: Statement of Work - Opening a Vegan restaurant on campus. Objectives: The main objective of this project is to provide high-quality nutritious vegan food to the students and staff of the college. Innovate and experiment with new vegan recipes, ingredients, and techniques, implement sustainable and eco-friendly practices and policies that reduce the environmental footprint of the business, creating a welcoming and comfortable atmosphere that attracts customers, promoting veganism in college are our other goals. Finally, to generate a profitable stream of income which can cover the operational costs and allows for growth and expansion. High level Deliverables: Creating a business plan that outline the concept, budget, schedule, the roles and responsibilities and terms and conditions of the project. Finding a good spot, equipment, furniture, inventory for the vegan restaurant that meet the quality, safety, and ethical standards of veganism. Restaurant name, logo, menu, and a signage that highlight the values and uniqueness of the restaurant. Creating a social media presence through you-tube account or personalized website to promote the restaurant and veganism. A marketing strategy, a pricing strategy, a promotion strategy, and a loyalty program for our vegan restaurant that attract and retain customers and generate revenue and profit. Soft launch which will have special guests and open to review and feedback from guests and later will have an official launch of the vegan restaurant. 2
High level budget: Below is a comprehensive estimate for the project of launching a vegan restaurant on the main campus of Fanshawe College, London, Ontario. This budget breaks down expenses by category so that the financial requirements can be understood more thoroughly. Description Estimated Cost (CAD) Total (CAD) Notes Design and Layout Planning   5,0 00.00 Architectural services, layout design Equipment and furnishing         Kitchen Equipment 20,0 00.00   Industrial-grade stoves, ovens, refrigerators, etc.   Furnishing and Décor 10,0 00.00   Tables, chairs, lighting, decoration elements   POS System 5,0 00.00 35,00 0.00 Point-of-sale system for transactions Construction and Interior Setup         Renovations and Remodeling 30,0 00.00   Structural, plumbing, electrical work   Interior Design 15,0 00.00   Decor, paint, fixtures, branding   Permits and Licenses 10,0 00.00 55,00 0.00 Regulatory compliance, health inspections Menu Development   5,0 00.00 Hiring a chef, recipe development Staffing and Training         Recruitment 25,0 00.00   Advertising, hiring process   Training 5,0 00.00 30,00 0.00 Onboarding, skill development Marketing and Promotion         Advertising 8,0 00.00   Print materials, online ads, flyers   Opening Ceremony 5,0 00.00   Launch promotions, event coordination   Signage 1,0 00.00 14,00 0.00 Exterior and interior signage Emergency Reserve   15,00 0.00 Unforeseen expenses and changes Total Estimated Budget   159,00 0.00   3
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