Name: Peter Casey and Summer Gayle signed a 10 years franchise agreement with Panera...

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Peter Casey and Summer Gayle signed a 10 years franchise agreement with Panera Bread. The cost of the franchise fee is $250,000. Peter and Summer are evaluating a retail location on Boylston Street in Boston. The store size is 3,800 square feet and it requires about $200 per square foot in FF&E (furniture, fixtures and equipment) and renovation. The rent for the said location is $60 per sq.ft. The store operates 7 days a week 15 hours per day. The store sales per day are projected to be $6,000(7 days a week 52 weeks a year). The store personal will include onestoremanager that will be paid $85,000 annually, one assistant store manager that will be paid $65,000 as well as 6 associates at all time at an average pay of $17.50 per hour. Please determine the following on an annual basis
\table[[Sales Categories,% to total sales,COGS %,Anticipated pay date],[Bakery,40%,30%,Monthly-In the middle of the month],[Pizza,29%,32%,Monthly-second week of the month],[Family feast value meals,24%,31%,Monthly-In the middle of the month],[Beverages,7%,25%,Monthly-At the end of the month]]
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