Industry: RestaurantCountry: Canada (Toronto) Assignment 5The purpose

Industry: RestaurantCountry: Canada (Toronto) Assignment 5The purpose

Industry: RestaurantCountry: Canada (Toronto) Assignment 5The purpose of this assignment is to investigate how your business will function from the perspective oflocation and logistics.1. Explain the process from a logistics perspective as to how prospective and actual customers willinteract with your company to acquire services and or products. This includes all interactionsbetween customers and your company, fulfillment and payment.2. Do you or do your customers/clients require a physical place to conduct your business? Thiswould include your head office and any retail or office or manufacturing space or warehousingspace.3. If so, describe the type of facility(ies) needed in terms of size, location, zoning as in commercialor industrial.4. Describe whether the location is important for you to get a competitive advantage or are youflexible on location?5. In terms of each location, do you plan to buy and own or will you lease the premises?6. If your answer to 4. is buy, what would be the cost for the purchase of such a property? Whatwould be your down payment and how would you finance the balance? What kind of loan ormortgage would you prefer and why? What would be the monthly costs? What would be thesetup costs for you to customize the building to your needs?7. If your answer to 4. is lease, what would be the terms of the lease that you would benegotiating? Specifically, the cost of such a lease over what term and would the lease includeutilities? Would the lease include the any setup to customize the location to your needs?8. At this point in time, for how long do you foresee the premises identified in 5 or 6 above as beingable to meet your future needs?9. What are your operating risks? What type of insurance do you need for the various aspects ofyour business? What would be your estimate of the amount of insurance coverage you wouldrequire and what would be the annual cost for this type of insurance? For example, do you needfire insurance, burglary insurance, liability insurance, employee injury insurance or any othertype of insurance? Identify one or more organizations that provide this type of insurance.10. What are the zoning and other government regulations that you must meet in order to not besurprised one day with the potential immediate closure of your business?