Phoenix Case Study - Jonathan Tamayo Introduction The...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Jonathan Tamayo Introduction The Phoenix is an upscale restaurant and banquet facility that has some profitability issues. The property was renovated and reopened, but still is generating a loss. There are major problems with the financial health which will be identified in this report that could help the business produce profit regularly. Revenue Overall The revenue generated by the Phoenix is sufficient to maintain profitability according to industry standards. The average revenue of a full service, casual restaurant in 2004 was $2.69 million (“2006 Chain Restaurant Review,” GE Franchise Finance). This category includes restaurants such as Applebee’s and Chili’s. Even when this figure is discounted to 1990 figures, the $3.52 million in revenue generated by the Phoenix is significantly higher than the industry average. Restaurant Revenue On a per seat basis, the Phoenix makes $ per seat. This was calculated by assuming an average of 4 seats per table, multiplied by the 12 tables in the restaurant, makes for 48
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/18/2008 for the course HADM 3301 taught by Professor Susskind during the Spring '07 term at Cornell University (Engineering School).

Page1 / 2

Phoenix Case Study - Jonathan Tamayo Introduction The...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online