Business Plan For the Hotel & Restaurant Presented by: Roberta
P.O. Box 1185 Tel.1-800-555-4307 Fax. 907-555-1132 alaskainn@alaska.net A hotel in Petersburg Alaska, with attached restaurant. The will be a hotel catering to the needs of visitors to the Little Norway of Alaska. It will have a restaurant in the same building, both providing quality service to our customers.
P.O. Box 1185 Tel.1-800-555-4307 Fax. 907-555-1132 alaskainn@alaska.net Our main customer base will be tourists coming to experience the beauty of Alaska. Residents of Southeast Alaska will also make up a decent percentage of our clientele, whether they are traveling for school sports, visiting relatives, or just want a place to get off the boat for awhile. The hotel will be located in downtown Petersburg, providing our customers with easy access to all that our community has to offer.
P.O. Box 1185 Tel.1-800-555-4307 Fax. 907-555-1132 alaskainn@alaska.net Organizational Structure General Partnership Management of Business: The management of the business would be easier, as responsibilities could be divided equally and according to the skills of the partners. Personal Asset Liabilities: The Personal Asset Liabilities is in most cases limited in a partnership, which provides more security than if you were the sole owner of your business. Taxation: The Taxation issues remain individual, with a minimum of two partners to share the taxation burden.
P.O. Box 1185 Tel.1-800-555-4307 Fax. 907-555-1132 alaskainn@alaska.net Organizational Structure General Partnership Sharing of Profits: The Profits are distributed according to the partnership agreement. In my case, the sharing would most likely be about 50/50, which each partner getting an equal share of the profits for an equal share of the work. Capitalization: I expect that each of us would contribute equally to the beginning capital of the business. Sharing of Ideas: The Sharing of Ideas would also be about 50/50, with each partner getting a say in everything, but one that has seniority over the areas that they are responsible for managing. Survivorship of Your Business: Our business would have a good chance of surviving because there would always be someone to run it, and someone else to help them stay in balance.
P.O. Box 1185 Tel.1-800-555-4307 Fax. 907-555-1132 alaskainn@alaska.net Marketing Target Customer Expected Age of Customer: 18 to 90 s Expected Gender of Customer: Female Male Financial Status of Customer: Able to pay for their length of stay What needs or wants will your product or service fulfill? A comfortable and convenient place to stay while they are in Petersburg Alaska
P.O. Box 1185 Tel.1-800-555-4307 Fax. 907-555-1132 alaskainn@alaska.net Marketing I used a survey to find out what would be important to my guests, so I could better accommodate their needs. Question 1: Are you male or female? What is your age? The answers were 6 females, and 2 males. The females ranged in age from 16 to 56 years, and the males were both 18 years old. Question 2: What is the primary reason you travel and stay in hotels? For vacation Privacy when they travel Convenience while traveling Makes their stay easier and more enjoyable
P.O. Box 1185 Tel.1-800-555-4307 Fax. 907-555-1132 alaskainn@alaska.net Marketing I used a survey to find out what would be important to my guests, so I could better accommodate their needs. Question 3: What electronics do you prefer having in your room? (Ex: Refrigerator, Microwave, coffeemaker, clock radio, hairdryer) Question 4 : Do you reuse towels, or prefer to have them changed everyday? 75% Fridge 75% Clock 63% Coffeemaker/Hairdryer 50% Added TV 50% Microwave 50% Changed everyday 50% Reuse
P.O. Box 1185 Tel.1-800-555-4307 Fax. 907-555-1132 alaskainn@alaska.net Marketing I used a survey to find out what would be important to my guests, so I could better accommodate their needs. Question 7: What do you look for most when you check the cleanliness of the room? 75% Bedding and bathroom 13% Carpet 13% Filth Question 6: Is having an extremely comfortable bed one of your main criteria when choosing a hotel? 50% Yes 50% No Question 5: Put in order of what is most important to you when you stay at a hotel. A) Good service B) Refrigerators or Microwaves in your room C) Quiet nights D) A weight room or pool DBCA, ACDB, CBAD, CADB ADCB, CADB, CDAB, CDAB
P.O. Box 1185 Tel.1-800-555-4307 Fax. 907-555-1132 alaskainn@alaska.net Marketing Question 9 was: Do you prefer little luxuries, such as a mint on your pillow, or shampoo and conditioner provided? 75% Yes 25% Don t care Question 10 was: Is having a great view very important to you? 88% Don t care 12% Yes Question 8 was: Would you enjoy having a restaurant within the hotel? 88% Yes 12% Don t care
There s nothing like home.. Unless it s home with an adventure waiting in the front yard. *~Grand Opening~* The is committed to bringing you premium service and luxury as you travel through our pristine wilderness. Our hotel offers fine dining and luxurious accommodations providing you with the most relaxing stay possible. Our prices range from 75.00 a night for one person, to 115.00 a night for a suite catering to a quad. To enquire about reservations, please call us at1-800 800-555-4307, or visit our website at www.alaskainn.com
Roberta P.O. Box 1185 Petersburg, Alaska 99833 Phone: 1-800 1 800-555 555-4307 Fax: 907-555 555-1132 alaskainn@alaska.net
P.O. Box 1185 Tel.1-800-555-4307 Fax. 907-555-1132 alaskainn@alaska.net Financial Statements Items Building with About Rooms Towels Soap/Mini-shampoo Things Bathmats Tissue Paper Shower curtains Bed Frames Mattresses Bed spreads Blankets Pillows Sheets Nightstands Dressers TV's Chairs Curtains enabled Estimated Cost,0/year 800.00 376.25 259.00 603.99 339.80 1,580.00 8,199.80 799.00 1,600.00 800.00 1,000.00 disabled 799.00 4,000.00 3,799.00 1,400.00 399.80 Source SmartBargins.com BigOrderSaving.com http://www.comforthouse.com foodservicedirect.com Amazon.com Affordable-beds.com http://www.unitedproductsinc.com/ http://www.unitedproductsinc.com/ SmartBargins.com SmartBargins.com SmartBargins.com http://www.hotelsurplus.com http://www.hotelsurplus.com http://www.hotelsurplus.com http://www.hotelsurplus.com http://www.decoratetoday.com
P.O. Box 1185 Tel.1-800-555-4307 Fax. 907-555-1132 alaskainn@alaska.net Financial Statements Cash Register Time Clock Computer Keys Front Desk Cleaning Products Washing Machines Lamps, 4 in Lobby & 2 per room Initial Advertising Deposits on utilities Insurance Licenses and permits Credit Card Machine Sources of Financing: Investors enabled 109.99 179.99 700.00 51. 350.00 344.00 disabled 1,000.00 1,584.00 107.52 0 244.00 0.00 255.00 30,497.34 http://www.royalsupplies.com http://www.royalsupplies.com Dell.com Woodworks Ltd. Dell.com National Hospitalty.com HomeDepot.com JCPenny.com Yahoo! Small Business Petersburg Utilities National Real estate Investor Hotel Licensing http://www.affordable-cc-machines.com Debt: Approximately none by end of year.
P.O. Box 1185 Tel.1-800-555-4307 Fax. 907-555-1132 alaskainn@alaska.net Financial Statements Revenue Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Nbr Units Unit price 90.00 90.00 90.00 90.00 90.00 90.00 Revenue 1,672 1,672 1,672 1,672 1,672 1,672 Cost of Goods Sold 128 128 128 128 128 128 Gross Profit 1,544 1,544 1,544 1,544 1,544 1,544 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Total for Year 90.00 90.00 90.00 90.00 90.00 90.00 1,672 1,672 1,672 1,672 1,672 1,672,064 128 128 128 128 128 128 1,536 1,544 1,544 1,544 1,544 1,544 1,544 18,528
P.O. Box 1185 Tel.1-800-555-4307 Fax. 907-555-1132 alaskainn@alaska.net Financial Statements Operating Costs (Fixed): Salaries Rent Insurance 768 1,683 244 Operating Costs (Variable): Utilities Advertising Other (itemize below) 1,860 108 Profit Before Taxes Taxes @ 25% Net Profit/(Loss) (3,119) 1,676 (1,443) Other (itemize below) Total Variable Costs 1,968 Total Fixed Costs 6 2,695 Total Operating Costs 4,663 Total for year Profit Before Taxes (37,432) Profit after Taxes,112 Net Profit/Loss (17,3)
P.O. Box 1185 Tel.1-800-555-4307 Fax. 907-555-1132 alaskainn@alaska.net Future Plans I would like to see my business become a successful hotel and restaurant, fully independent and highly well-appointed. I would enjoy introducing some of my family to the business so that possibly instead of having to sell the hotel when I no longer wanted to run it, it could be kept in the family, and in my partners families. To keep my business a success I would try to always serve up the same high-quality service, and to make sure my staff are welltrained and always courteous.
P.O. Box 1185 Tel.1-800-555-4307 Fax. 907-555-1132 alaskainn@alaska.net Thank you for your time