develop/ list the financial objectives of a start up bar & grill. also list/develop strategic objectives...

develop/ list the financial objectives of a start up bar & grill. also list/develop strategic objectives of a start up bar and grill

Expert Solution

Financial objectives of opening a Bar and Grill:

Improve the profit margin over time.
Increase average ticket per person or per table.
Increase monthly net restaurant sales.
Add new revenue streams by introducing various forms of acceptance of payment.
Test service charges.
Breakdown goals into separate expenditure categories.

Strategic objectives of opening a Bar and Grill:

Establish customer loyalty and make them a regular customer.
Increase customer delight by offering a diversified menu, one that caters to the likes of all people of all ages.
Improve brand recognition by serving top quality food and beverages.
Keep the customers coming back for more by providing good ambience and giving the place a distinct look.
Increase traffic by increasing the number of new customers.
Expand the business and branch it out over time.
Increase staff productivity. And keep wait-time to a minimum.

keosha answered 4 months ago

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