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Restaurant Project

Restaurant Project. Technical Math class 2011. Story. Status Quo Schmidt’s Motives Worker Wages – $7.00 per hour Profit Margin 35% profit Volunteering and Community Involvement. Goals. Luxery With a cost Can we compete in market?. Community . Town of 50,000

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Restaurant Project

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  1. Restaurant Project Technical Math class 2011

  2. Story • Status Quo • Schmidt’s Motives • Worker Wages – $7.00 per hour • Profit Margin • 35% profit • Volunteering and Community Involvement

  3. Goals • Luxery • With a cost • Can we compete in market?

  4. Community • Town of 50,000 • Only high class restaurant in the area • Open 12 hours a day • 11am – 11pm • All workers paid minimum wage - $1.50 per hour plus tips or $7.00 per hour • Hidden cost

  5. Numbers • 4500 patrons a months. 150 per day. • Profit margin of 35%. Average customer spends $35 dollars on items.

  6. Total Profit • 10 employees working at a time • 3 cooks • 4 waitresses • 2 bussers • 1 hostess

  7. Total Profit • Profit is high • Low wages • Small work force • High prices • Anything not spent on advertising and overhead is kept.

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