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Sarah Santiago Entrepreneurship-KC December 6, 2006

The Granite State Inn and Restaurant. Sarah Santiago Entrepreneurship-KC December 6, 2006. Perfect for a New England Vacation!. Business Name. The Granite State Inn and Restaurant. Perfect for a New England Vacation!. What Is The Granite State Inn and Restaurant?.

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Sarah Santiago Entrepreneurship-KC December 6, 2006

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  1. The Granite State Inn and Restaurant Sarah Santiago Entrepreneurship-KC December 6, 2006 Perfect for a New England Vacation!

  2. Business Name The Granite State Inn and Restaurant Perfect for a New England Vacation!

  3. What Is The Granite State Inn and Restaurant? The Granite State Inn and Restaurant will be located in New England so that visitors may enjoy the best that New England can offer every season. The Inn will house 10 impeccably clean rooms: 7 Regular 2 Executive 1 Presidential The Restaurant will be able to hold 40 people in it’s dining area. Perfect for a New England vacation!

  4. Business Idea The main idea is provide a friendly, clean environment for guests and diners. Rooms and meals will be affordable. Staff will focus on providing a romantic and enjoyable atmosphere to its guests and diners. Concierge will offer local maps and suggestions on where to shop, dine, and site-see. Perfect for a New England vacation!

  5. What Types of Rooms Will Be Offered? Perfect for a New England vacation! Executive Rooms • Medium sized • Great for families or a couple • King sized bed or queen sized bed and pull out couch • Desk • TV • Closet • Couch • Mini-refrigerator • Full Bathroom Presidential Room • Largest room • Perfect for a romantic weekend! • California King bed • Couch • Coffee table • Desk • TV • DVD player • Closet • Dining table • Small kitchen complete with microwave, sink, and refrigerator • Full Bathroom with double sinks, a Jacuzzi tub/ shower Regular Rooms • Smaller sized • Great for families or a single person • Queen size bed or two double beds • Desk • TV • Couch • Closet • Full Bathroom ALL Rooms are Non-Smoking

  6. Amenities and Services Room Service Turndown Service Complimentary Pillow Chocolates Complimentary High-Speed Internet Reduced Meal Prices in The Granite State Restaurant Balcony Private Bathrooms In-room Coffee Perfect for a New England vacation!

  7. Location The Granite State Inn & Restaurant will be located in Wilton, NH. Perfect for a New England vacation!

  8. How Is The Granite State Inn and Restaurant Different From the Many Other Inns? The Granite State Inn has an in house restaurant that can provide food for guests and the general public. The Granite State Inn has choices for rooms instead of one standard room. The Granite State Inn will provide a romantic environment with a mix of décor to suite everyone’s tastes. Perfect for a New England vacation!

  9. Who Are Potential Competitors? Perfect for a New England vacation!

  10. What Is The Competitive Advantage? Many Room Options Dining area on the premises Convenient Dining Hours Great Tourism Location Close to Airport Access to city attractions and town attractions Many amenities Perfect for a New England vacation!

  11. What is the Business Organizational Structure? The Granite State Inn and Restaurant will open as a sole proprietorship. After 5 years, if the business is not as successful as I wish, I will consider taking on a partner. Perfect for a New England vacation!

  12. Why should the Granite State Inn open as a sole proprietorship? I want to be able to open the business by making all of the decisions. A partnership means a friendship, and if a partnership goes sour, so will the friendship. I have enough faith in myself that I can open and run my business on my own. Perfect for a New England vacation!

  13. Why Is There A Possibility of A Partnership Later? If my business is unsuccessful, I will consider taking on a partner to gain a larger spectrum of ideas. If the company needs financial support, a partnership would disperse the financial burden. Perfect for a New England vacation!

  14. What does Sole Proprietorship for The Granite State Inn and Restaurant Mean? Personal Liability: Fully covered personal liability insurance to protect all of my personal assets Sharing the profits: I have complete ownership and control of The Granite State Inn and Restaurant. I make the final decision on all business opportunities and keep all of the profits Taxes on the Income: Personal Tax Rate (Lowest Tax Rate) Sharing of Ideas: I will be the sole contributor of all ideas of the business. I will take classes in marketing, finance, management, and accounting. Dissolution of the business: After 5 years if my business is not successful, I will consider taking on a partner. If something happens to me, I would give the business to my husband. Raising Capital for future expansion: After running my business for about 10 years successfully, I will consider taking some of my profits and invest them back into the business for expansions, additions, upgrades, and refurbishments. Ownership: Sarah Santiago Perfect for a New England vacation!

  15. What Type of Business Is The Granite State Inn and Restaurant?Service Retail Business. Perfect for a New England vacation!

  16. Who Is The Target Customer? Couples looking for a romantic weekend. Potential customers can be of any social status; however, due to room rates, the customer will probably be middle class to upper middle class. The Granite State Inn is surrounded by a romantic atmosphere it is aiming to bring in adults of both genders Perfect for a New England vacation!

  17. What Needs or Wants Will The Granite State Inn Fulfill? The Granite State Inn will be able to offer rooms to anyone who may be visiting the area and needs a room. The Granite State Inn will be able to provide a friendly, romantic, and clean environment to any guest who may want it. Perfect for a New England vacation!

  18. What Needs or Wants Will The Granite State Restaurant Fulfill? The Granite State Restaurant will be able to offer meals to anyone who is staying in the Inn or anyone from the general public. The Granite State Restaurant will be able to provide an array of tasty meals to any diner. Perfect for a New England vacation!

  19. Market Research Results Potential guests wanted prices ranging from $150- $250. Potential Guest would rather stay at a B&B instead of an inn, hotel, or motel. Most potential guests would not travel during the holidays. Most potential guests would like an antique décor paired with a romantic atmosphere. Potential diners would like to dine in a casual atmosphere inside of the establishment they are staying at. Potential diners would be most likely to pay $15- $20 per person. When searching for vacation ideas, most people look on travel websites over the internet. Perfect for a New England vacation!

  20. Survey Results Perfect for a New England vacation!

  21. Survey Results Perfect for a New England vacation!

  22. Survey Results Perfect for a New England vacation!

  23. Survey Results Perfect for a New England vacation!

  24. Survey Results Perfect for a New England vacation!

  25. Survey Results Perfect for a New England vacation!

  26. Influence of Market Researchon Prior Business Plan The Granite State Inn will offer guests a romantic environment with antique décor. Rooms will be priced from $150-$300. The Granite State Inn will offer holiday and lengthy stay deals. Diners will have many food options priced around $15 per person. Perfect for a New England vacation!

  27. Sales Presentation Looking for a place to stay for a romantic weekend? Do you look for friendly service, cozy rooms, and great meals? Would you like to stay in a place that offers the best of every season? The Granite State Inn and Restaurant is the perfect place to go for a New England vacation! Perfect for a New England vacation!

  28. The Granite State Inn and Restaurant Perfect for a New England vacation! Sarah Santiago90 Hearth Stone Lane Wilton, NH 01562 Phone: (603) 654-6091 Fax: (603) 654-6092 GraniteStInn@tds.net Perfect for a New England vacation! Business Card

  29. Looking for a Great Place to Stay, Now Open... The Granite State Inn and Restaurant With friendly service, cozy rooms, and great meals, The Granite State Inn and Restaurant is the perfect place to go for a New England vacation! Rooms range from $150- $350 90 Hearth Stone Lane Wilton, NH 01562 Phone: (603) 654-6091 Perfect for a New England vacation! Advertisement

  30. The Granite State Inn and Restaurant Slogan: Perfect for a New England Vacation! Perfect for a New England vacation!

  31. How Will The Granite State Inn and Restaurant Reach Its Potential Customers? Newspaper ads. Magazine Articles. Search Engines. Travel Websites Perfect for a New England vacation!

  32. Financial StatementsEconomics of Presidential Room Selling price per unit- $350.00 Cost of goods sold per unit- Laundry: $ 10.00 Cleaning: $ 10.00 Soaps: $ 5.00 Stationary: $ 2.00 Total: $ 27.00 25% overhead: $ 6.75 Total: $ 33.75 Gross Profit per Unit: $316.25 Perfect for a New England vacation!

  33. Financial StatementsEconomics of Executive Rooms Selling price per unit- $250.00 Cost of goods sold per unit- Laundry: $ 10.00 Cleaning: $ 10.00 Soaps: $ 5.00 Stationary: $ 2.00 Total: $ 27.00 25% overhead: $ 6.75 Total: $ 33.75 Gross Profit per Unit: $216.25 Perfect for a New England vacation!

  34. Financial StatementsEconomics of Regular Rooms Selling price per unit- $150.00 Cost of goods sold per unit- Laundry: $ 10.00 Cleaning: $ 10.00 Soaps: $ 5.00 Stationary: $ 2.00 Total: $ 27.00 25% overhead: $ 6.75 Total: $ 33.75 Gross Profit per Unit: $116.25 Perfect for a New England vacation!

  35. Financial StatementsEconomics of The Granite State Restaurant Lunch Selling price per unit- $ 30.00 Cost of goods sold per unit- $ 10.00 25% overhead: $ 2.50 Total: $ 12.50 Gross Profit per Unit: $ 17.50 Perfect for a New England vacation! Breakfast Selling price per unit- $ 15.00 Cost of goods sold per unit- $ 5.00 25% overhead: $ 1.25 Total: $ 6.25 Gross Profit per Unit: $ 8.75 Dinner Selling price per unit- $ 35.00 Cost of goods sold per unit- $ 15.00 25% overhead: $ 3.75 Total: $ 18.75 Gross Profit per Unit: $16.25

  36. Start-up Costs Perfect for a New England vacation!

  37. Sources of Financing Perfect for a New England vacation!

  38. Perfect for a New England vacation! Yearly Income Statement

  39. Return On Investment Perfect for a New England vacation! For The First Year of Business Formula: ROI= $119,348 - $866,150 (100) $866,150 ROI= -86%

  40. Technology Perfect for a New England vacation!

  41. Future Additions More rooms More dining area Pool Event planning services Conference Room Perfect for a New England vacation!

  42. How to Keep The Granite State Inn and Restaurant’s Success: Maintain Cleanliness Keep staff friendly and happy Keep guests happy Offer deals Continuously present something new and exciting to keep customers interested Perfect for a New England vacation!

  43. How to Tell If The Granite State Inn and Restaurant Are Successful: Returning Customers Good Reviews from Critics Smiling Customers! Perfect for a New England vacation!

  44. Thank you for your time. If you have any questions please feel free to call 1- 603- 654- GSIR. The Granite State Inn Perfect for a New England vacation!

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