Guys, I just don’t get it! and i am requesting some help with this subject.

I am seeking financing to expand my catering business and turning it into a restaurant operation and to continue my current catering operations based out of the restaurant.

I have got to come up with a 12 month & 36 month “forecasted” P&L statement.

How does one accurately forecast something like this? I can determined my fixed costs, break even point, and many other calculations, but it is troubling me on how I can accurately determine how many people I will serve on a monthly basis with no prior history to work backwards from.

This just seems way too speculative with no data to back up the numbers for me to feel comfortable guessing on figures like this. and it boggles my mind how a lending institution can base their decision on pure invented numeric values based on speculation only.

Could some Think Tank members please help me out?

I have most of the proposed menu completed, I am working on my cost analysis with nothing over a 20% cost ratio, I just cannot figure how to forecast daily sales for a business that has not started operations yet.

Thank you in advance.

I am seeking financing to expand my catering business and turning it into a restaurant operation and to continue my current catering operations based out of the restaurant.

I have got to come up with a 12 month & 36 month “forecasted” P&L statement.

How does one accurately forecast something like this? I can determined my fixed costs, break even point, and many other calculations, but it is troubling me on how I can accurately determine how many people I will serve on a monthly basis with no prior history to work backwards from.

This just seems way too speculative with no data to back up the numbers for me to feel comfortable guessing on figures like this. and it boggles my mind how a lending institution can base their decision on pure invented numeric values based on speculation only.

Could some Think Tank members please help me out?

I have most of the proposed menu completed, I am working on my cost analysis with nothing over a 20% cost ratio, I just cannot figure how to forecast daily sales for a business that has not started operations yet.

Thank you in advance.

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