Professional Custom Accounting: Discuss how pricing will be established
For the first phase of your project, you will need to define your project. The primary element for this milestone is the drafting of a Concept Statement. The concept statement will include the following information;
- Describe the type of operation in relation to common food service concepts
- Identify the target market
- identify type of cuisine
- identify location
- identify competition
- explain/support decisions to serve that cuisine in that location
- Determine permits that may be needed and their costs
- Determine design professionals and contractors you will seek to hire and justify
- Highlight key menu items
- Discuss how pricing will be established
