Realistic After the questionnaire survey, some foreign companies have been visit,five companies are planning to do business with us, and two companies signed the contracts for one year in advance.
Time-bound Choosing a right place for Sunshine Coffee Shop would be completed in the first ten days of March.From the second ten day of March,it takes five days to sign a contract of renting house with the manager from administration office, applying for the business license for another five days. There would be over twenty days to finish the decorations and purchase furniture and equipments. It cost five days to arrange these facilities and basic stock. Sunshine Coffee Shop will be opening grandly on May 18th, 2010.
Action Plan
It will take two and a half months to implement the project when it has been approved.
By the end of Week One
Identify and negotiate the reasonable rental of the shop.
Sign the contract to use it
By the end of Week Two
Apply for individual business license from Industrial and Commercial Bureau.
Apply for tax registration from Tax Bureau.
By the end of Week Three
Design the new shop layout
Sign the contract with the decoration company to decorate the new shop.
Order new equipments and furniture.
By the end of Week Four
Start decorating the new shop.
Make the regulation system of employee.
By the end of Week Five
Decide on the range of product for sale and procurement channel in detail.
Hire a chef,a coffee barista and three waiters.
By the end of Week Six
Start training new staff.
By the end of Week Seven
Order new goods based on the decision made at the fifth week.
Check and accept the decorating project.
By the end of Week Eight
Get the new equipment and furniture delivered and installed.
Clean the new shop.
By the end of Week Nine
Get the new stock delivered and put on the selves.
Publicize the new shop opening to those regular customers.
By the end of Week ten
Hold the opening ceremony.
Activity Flow Chart
Project Costs
Sunshine will loan RMB 300,000 from China Construction Bank at 5.4% interest. We expect to pay off the debt totally RMB 316,200 within one years.
Rental cost: The new premises would cost RMB 24,000 in total to rent each year.
Decorating: RMB 1000/㎡×500㎡=RMB 500,000 in all-packed price.
Equipment: The cost of equipment in the new shop would be RMB 99,600
Coffee machines: 28,500
Ice machine: 2,500
Sundae machine: 5,800
Sterilizer machine: 1,500
Popcorn machine: 1,000
Drinking machine: 300
Kitchen units 8,000
TV sets: 15,000
Stereo system: 5,000
Fridges: 5,000
Tables and Chairs: 12,000
Air conditioners: 10,000
Computer: 3,000
Printer: 1,000
Credit card machine 500
Coffee bar: 500
Budgets: The annual increase in the operating budget would be RMB 318800
Wages 312,000
Utilities 3,600
Equipment maintenance 200
Internet fee 600
Telephone charge 2,400
TOTAL COST OF PROJECT
Initial costs:
Decoration 500,000
Equipment 99,600
SUB-TOTAL 599,600
Recurrent cost: Rental 24,000
Operating budget 192,800
SUB-TOTAL 216,800 Public Public relations 2000 per year
Market research 1,000 per year
Contingency allowance 1% yearly profit
13000 per year
Loan interest: 300,000*5.4=16200
TOTAL COST 748,600
Stakeholder Analysis
These are stakeholders as below;
