Eckstut Class Outline

1. LOCATION

2. THE PROPERTY – LEASE or PURCHASE

3. MOBILE RESTAURANTS (a/k/a Food Trucks)

4. FINANCING

a. Capitalization
b. Collateral
c. Borrowing
d. Construction budget
e. Financials

5. PROJECTIONS/ASSUMPTIONS

6. COSTS OF BUSINESS

a. RENT/DEBT SERVICE – Before you open
b. PRIME COSTS – CONTROLS

i. FOOD & BEVERAGE
ii. PAYROLL

7. OPENING COSTS

8. BUDGET DEVELOPMENT

9. MANAGEMENT/OPERATIONS

10. MENU

11. MARKETING – RESTAURANTS ARE RETAIL!