Restaurant Development

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Restaurant Development Group’s Winston-Salem Project Paul E. Juras The Wayne Calloway School of Business and Accountancy Wake Forest University P.O. Box 7285 Reynolda Station Winston-Salem, NC 27109-7285 E-Mail: JURAS@WFU.EDU James F. Cotter The Wayne Calloway School of Business and Accountancy Wake Forest University P.O. Box 7285 Reynolda Station Winston-Salem, NC 27109-7285 Restaurant Development Group Memo To: Date: Re: Registered Students March 1st 2006 Restaurant Development Group’s Winston-Salem Project From: Mr. Bobbie Filet Introduction Restaurant Development Group (RDG) is considering opening a new restaurant in conjunction with the “Winston-Salem Partnership” group that is attempting develop a center of…show more content…
RDG believes that 4th and Marshall is an ideal location for a restaurant as well as a wide variety of meetings and social events. Upon renovation, the Uptown New Orleans will provide over 6,000 square feet of flexible, well-appointed restaurant, private party and modest banquet space. With the expertise gained during the opening of Milner’s, the company expects that its professional staff and capable managers will open the Uptown New Orleans without a hitch. The Uptown New Orleans is well located near a variety of downtown Winston-Salem attractions, including the Winston-Salem Convention Center, the Marriott, Embassy Suites hotel, and numerous bars and other restaurants, not the least of which is the Camel City Cafe and Wine Bar on the opposite corner. Weekly Cash Flow Projections (Accounting Requirement) In addition to financial viability, this project involves projecting the restaurant’s cash flow. The cash flow budget will cover the beginning of the construction phase to several months after the restaurant is up and running. More details about this requirement will be provided in an addendum to this memo after spring break. Construction Costs The renovation part of this project will require that all existing materials be removed from the site and replaced with new interior furnishings. The restaurant renovation will be divided into two parts, the
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