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 6 months ago

Please provide Nintendo Financial Objectives & Strategic Objectives. Also include Market Share. Please include references for...

Please provide Nintendo Financial Objectives & Strategic Objectives. Also include Market Share. Please include references for information.

Discuss in detail the objectives/goals of outsourcing. Also elaborate on the strategic issues in outsourcing

In strategic management, the purpose of the external assessment is to develop a list of opportunities...

In strategic management, the purpose of the external assessment is to develop a list of opportunities that could benefit a firm and threats that should be avoided. What are the threats and opportunities has COVID 19 created for the airline industry? For example, DELTA AIRWAYS in the USA? Briefly discuss your answer?

For your final project you will develop a strategic marketing plan around company objectives, markets and...

For your final project you will develop a strategic marketing plan around company objectives, markets and the competitive environment. Each week you will develop and submit an outline that will serve as the basis for developing your marketing plan for your product or brand in a target market. In weeks 1-4, develop a summary for each topic of the outline. For your final Marketing Plan due in week 6, you should extend each statement into a formal report. A Marketing...

List the objectives of financial accounting as outlined in SFAC No 1: “Objective of Financial Reporting...

List the objectives of financial accounting as outlined in SFAC No 1: “Objective of Financial Reporting by Business Enterprises." Financial Accounting

What are the broad gals of FedEx? give proposed SMART financial and strategic objectives for each...

What are the broad gals of FedEx? give proposed SMART financial and strategic objectives for each goal

Besides the financial and strategic (market) objectives, more and more companies are now talking about the...

Besides the financial and strategic (market) objectives, more and more companies are now talking about the social objectives as the goals of a company. What are your opinions on this?

A “strategic plan” is made up of six plans. List and explain each of these plans....

A “strategic plan” is made up of six plans. List and explain each of these plans. Also make sure that you explain the importance that each plan makes to the entire strategic plan

Explain the start-up issues in a distillation column. Also, explain the function of reboiler and give...

Explain the start-up issues in a distillation column. Also, explain the function of reboiler and give its types.

Brenda's Bar and Grill has total assets of $17.0 million, of which $11.0 million are current assets. Cash makes up 10 percent of the

Brenda's Bar and Grill has total assets of $17.0 million, of which $11.0 million are current assets. Cash makes up 10 percent of the current assets and accounts receivable makes up another 40 percent of current assets. Brenda's gross plant and equipment has a book value of $15.5 million and other long-term assets have a book value of $400,000. What is the balance of inventory and the balance of depreciation on Brenda's Bar and Grill's balance sheet?a. Inventory = $___b....

Question