CRYSTAL BANQUET

Submitted by: Huma Nadeem

Roll no. 02
Semester: 6th

Submitted to: Sir Umar Asif

Table of Contents
Executive summary.....................................................................................................................................3
INTRODUCTION...........................................................................................................................................3
Background..............................................................................................................................................4
Project formulation.................................................................................................................................4
Goals and objectives................................................................................................................................4
PROJECT SELECTION AND JUSTIFICATION....................................................................................................4
Project proposal......................................................................................................................................5
Resources required..................................................................................................................................5
Project Cost:........................................................................................................................................6
Space requirement..............................................................................................................................6
Machinery requirements.....................................................................................................................6
Furniture, fixture & design...................................................................................................................6
Value creation.........................................................................................................................................7
Stakeholders:...........................................................................................................................................7
Project board:..........................................................................................................................................8
Project team............................................................................................................................................8
Project chart............................................................................................................................................8
Gantt chart...........................................................................................................................................9
Mind mapping.....................................................................................................................................9
Communication plan...............................................................................................................................9
Feasibility study...........................................................................................................................................9
Expert interview....................................................................................................................................10
Strength:............................................................................................................................................10
Weaknesses.......................................................................................................................................10
Opportunity.......................................................................................................................................10
Threats...............................................................................................................................................10
Risk factors:...........................................................................................................................................10
Conclusion.................................................................................................................................................11
Executive summary
A banquet hall is a building used for the purpose of hosting an event or a wedding. It also
provides catering service with a menu. now a days marriage hall is very profitable business. In
major cities wedding halls are very popular for functions because of huge population and modern
trend, marriage hall is being converted to banquet or Marquee. People are now demand more
luxuries and comforts. people are judge banquet hall for its quality of Menu, luxuries, eye-
catching ambiance, security, protection from weather conditions, parking area and easy public
access.

Most important features of Banquet Hall are:

 Design and relevant team according to event
 Easily accessible location and parking space 
 Skilled and trained stuff
 Modern accessories
 Variety of food items

INTRODUCTION

Background
A century ago, weddings were not nearly as extravagant. In the past, weddings were celebrated
in the bride’s home and function were very simple. Family celebrated according to their financial
position. Whether Upper-class families hosted with expensive meal but middle-class family
hosted afternoon Lunch with Tea. In the middle of 20th century, weddings Hall become very
popular and number of guests began to grow. Reception was held, Bride’s and groom ‘s family
greeted the guests.

Now a days, wedding reception commonly take place in banquet halls, hotels and in community
halls. Smaller Function are held in restaurant. Events are held in one place. Now families
received their guests with DJ and with band.
Project formulation
Crystal banquet hall will be developed in Lahore city as it is the second most populated city of
Pakistan. We will host functions over there. And provide our services all over the Lahore. People
enjoy the events and food very much. People like the variety of food items. Our main target will
be upper-class peoples we will provide them all luxuries and facilities. Theme of the event is
very important. Our team will be trained and skillful.

Goals and objectives

 Planning all event activities within six months.
 Acquire maximum market share as soon as possible.
 Introduce fancy and comfortable catering services.
 To meet all kind of customer request.
 Introduce menu for special occasion.
 Expand our business in other cities.
 Introduce male and female team for services.
 Availability of all accessories.

PROJECT SELECTION AND JUSTIFICATION

Project proposal
Banquet hall business is very upstanding business in terms of profit. So, we should do a
comprehensive analysis on this project. we compare this to our tradition and custom banquet hall
has a variety of profit earning events. We can earn through offering wide space, variety of foods,
band with DJ, salon facility and with videography etc. we can offer our hall for different
purposes. Hall can be used for weddings, religious purpose, birthday parties, political events,
farewell parties of school and colleges etc. so this is the verified best point for huge earnings.
This project is very useful for our country as well as for the growth of unit. Initially the hall will
be open in Lahore then we will open several different banquets halls in different cities. Banquet
hall can face many problems regarding services but the quality of products can overcome it. It is
necessary to understand the situation of market regarding products use in banquet hall. After the
successful progress of marriages hall during the last two decades, it is quite tough for us to make
places between competitions.
In short, this project is very captivated and it seeks customer’s attention and fascinate them.
 Resources required
Our project also has some unique parameters. If you want to target high class customers then we
should make our site valuable and attractive.
 This purpose banquet hall will be built using stainless steel panel structured, eye catching
furniture and catering with modern lighting and sound system.
 Location of banquet hall should be densely populated
Following resources are required for a well reputed banquet hall.
1. Land in public commercial area
2. Building with stunning furniture and interior design
3. Generator should be set for electricity
4. Office equipment
5. Laptop, printer and telephone set for office use
6. Tables and chairs for hall
7. Stage, screen and sofa
8. Sound systems (DJ) and light
9. Air conditioners
10. Carpainter for complete hall
11. Security cameras
12. Cutlery and crockery
13. Decoration items
14. Account manager
15. Floor in-charge/supervisor
16. Electrician
17. Helpers
18. Guards

Project Cost:
Total equity =Rs 51,854,082
Following are the Capital requirement for operations of the proposed business.
Description Amount (Rs)
Land 18,333,332
Building infrastructure 13,762,500
Furniture, fixtures & interior design 10,645,300
Generator set 5,000,000
Office equipment 92,000
Pre operating cost 21,39,000
Training cost 100,000
Total Capital 50,071,832
 Working capital
insurance payment 782250
Cash 1,000,000
Total Working capital 1,782,250

Total project cost 51,854,082

Space requirement

Description Estimated area Unit cost Total

Management office 250 1800 450,000
Banquet hall 8750 1350 11,812,500
Kitchen 1000 1500 1500,000
Total 13762500

Machinery requirements

Description quantity Unit cost Total

Gen. set (250 KVA) 01 4,000,000 4,000,000
Gen. set (60 KVA) 01 1,000,000 1,000,000
Total 5,000,000

Furniture, fixture & design

Description quantity Unit cost Total cost

Pipe & drapes Lump sum 2,000,000 2,000,000
Sofa set & table 10 50,000 5,00,000
Tables & chairs 60 25,000 1500,000
Stage and screen 1 125,000 125000
Sound system & lights Lump sum 1000,000 1,000,000
Air conditioners 20 160,000 320,000
Carpeting sq.ft 80 8500 680,000
Security camera set 1 150,000 150,000
Buffet table and cover 12 20,000 240,000
Cutlery and crockery Lump sum 250,000 250,000
Decoration items Lump sum 1,000,000 1,000,000
Total 10,645,000
Value creation
According to our cost structure and due to our position, we will set a price which is 1200 per
head. In the first year, our hall is not fully functional. But with the passage of time, we will cover
all cost within 3-4 years
Stakeholders:
A person or a group of people who own a share in a business. A person such as
employee, customer or citizen who is involved with a business.
Customers:
The most direct stakeholders are the customers with those peoples who enjoy the
services and products of banquet hall. Crystal banquet hall have vast target market.
Every male, female, middle and upper middle-class peoples will be our customers.
Major part of revenue will come from here. We will satisfy their needs with high
quality services and products.
Consumers:
Our major goal is to satisfy peoples who will consume and enjoy our services and
products. We will provide best variety and unique services if we value customers,
then they will make our reputation and marketing more valuable. We will provide
them high quality services with high price strategy.
Government:
Legal issues are also the part of any business. Business license permission from
food authority, FBR certificate are legal documents which are necessary in
Pakistan. We will follow law and order according to local government.
Project team:
The project team itself is also a stakeholder. Members of project team will be
partners. These are investors and are hopeful for the success of the business or
project.
Employees:
Human capital is one of the most important assets for the business. For high quality
services, skilled and experienced stall should be needed. They should focus on the
value of the business in daily routine.
Project board:
Project board have three parties:
1. The project sponsors
2. The technical advisor
3. The business advisor
In order to deal with high setup, cost we already have project sponsor to finance
our project. Our project sponsor already has a lot of experience related to
promotion of our idea also a lot of decision power. Our financer is senior and
having good relationship with government. He has courage to deal with risks with
an expert personality. Our technical advisor is very competent and have vast
knowledge about banquet hall.
Project team
The CEO of our project is responsible for the organization of whole project, the
communication with the project board and leads to the rest of the team. Our
responsible to look after the workers and all employees. He also arranges food
items, bands and lightening. The accountant for the finance of the project. He is
responsible for cash inflow and outflow, daily and monthly accountings
statements. Our chef is responsible to provide good food items on time. He also
has a small team of five members. Our market supplier who provides fruits,
vegetables, meat and other all items on time.
Project chart

Gantt chart
Mind mapping

Communication plan
At startup our team member will meet up daily and discuss the progress of the project and different
issues. Furthermore, our manager will arrange the meeting between project team and board weekly.
Therefore, our manager is responsible for daily or monthly updates about the project to the different
stakeholders

Feasibility study

Expert interview
In order to get visions about the feasibility of our project we survey from the other halls.
According to the questionnaire we recognized a SWOT analysis:
Strength:
1. High gross margin
2. Limited startup risk
3. Experienced event team
4. Opportunity to grow
5. High level efficiency
6. Wide range services & products
Weaknesses
1. Competition can offer similar products quickly.
2. Wide range of services may decrease the quality level
3. Inefficient promotions
4. Business idea may fail
Opportunity
1. Large community
2. Low level competition
3. Customer loyalty
4. Continued expansion
5. Ability to grow new hall
Threats
1. Changes in regulations can impact the business
2. Same products are already sold by major competitors
3. Government is not to be supported
4. Low level of market demand.

Risk factors:
Planning is very important in every business. risk factors should be carefully evaluated. A major
risk is that business scope is not clearly defined. He may forget something to plan which is
important for the project. Major risk factors can be competitions and getting license.
We may face the risk of food material, electricity issues, and sui gas. In order to diminish these
risks, we have to select all our supplies, contractors must be qualified and close supervisors of
our side is important.
Risk summary:
Government can implement some restrictions such as;
1. There must be sufficient skilled staff to provide regular services every time.
2. High startup cost.
3. High risk industry.
4. The supply and quality must be consistent.
5. Due to high competitions, per head charges may increase.
6. Size of events
7. Physical and political activities.
Solutions:
We will hire expert manager who will be well experienced in related field. Every event will be
planned and the given quality will be 100%

Conclusion
Opening, a super banquet hall in Lahore is the ultimate goal. After analysis about competitors,
finding the target market, and doing the cost analysis. Owner will build a dream building and
will decorate it. The staff will bring creativity and excellence to every function. We will be given
clear goals and expectations along with continuous feedback to promote growth. This is an
expensive project, but the results with lead it to high earning