With the inherited money, I will start a Mediterranean restaurant. This industry has got grate
involvement with the lifestyle of the people in this country. I decided the restaurant to be named as La
Bamba. This is basically a Mexican word. It means the ‘hot chock’. There is also a very famous
mexican folk song named La Bamba.
A business plan covers all the functional areas of business. But in this case, I will explain only the
financial plan of the business. Financial plan of the business illustrated the expected profitability and
future projection of financial health of the business. The financial plan consists of pro forma balance
sheet, pro forma profit & loss account and trial balance. In the pro forma income statement all the
relevant costs are stated. The balance sheet consists of assets, liabilities and capital amount that is
relevant to the business.
3. Financial Plan
Cost of Sales
Gross Margin %
Sales and Marketing and Other Expenses
Total Operating Expenses
Profit Before Interest and Taxes