Home   Restaurant   Free Restaurant Business Plan Templates   4.23 Consumer Expenditure on Food away from Home by Size of Consumer Unit Template

4.23 Consumer Expenditure on Food away from Home by Size of Consumer Unit Template

What is the purpose of having a template for the Annual Spending by Consumer Unit analysis in a business plan for A Touch of Tuscany?

This Annual Spending by Consumer Unit analysis template gives a small business owners like Jack Gordon an opportunity to present a clear idea of just how much is being spent by consumers nationally on the products or services of their industry or similar industry segment. Also they are able to present this analysis using the template in both tabular and graphical format to the users covering a period of 10 years which is what makes it particularly powerful.

A consumer unit consists of any of the following:

  1. All members of a particular household who are related by blood, marriage, adoption or other legal arrangements.
  2. A person living alone or sharing a household with others or living as a roomer in a private home or lodging house or in permanent living quarters in hotel or motel, but who is financially independent; or
  3. Two or more persons living together who use their incomes to make joint expenditure decisions.

The term consumer unit, family and household are often used interchangeably for convenience. However, the proper technical term for the purposes of the consumer expenditure survey is a consumer unit.

In order to conduct this analysis we break down the size of of the consumer unit into the following categories:

  1. The average market value of owned home by a 1 person consumer unit.
  2. The average market value of owned home by a 2 person consumer unit.
  3. The average market value of owned home by a 3 person consumer unit.
  4. The average market value of owned home by a 4 person consumer unit.
  5. The average market value of owned home by a 5+ person consumer unit.

What is the data source for the Annual Consumer Spending by Consumer Unit size analysis for A Touch of Tuscany in Westchester County, New York?

The data source for the Annual Consumer Spending by Consumer Unit size analysis for A Touch of Tuscany comes from the Bureau of Labor Statistics website. We highly recommend that all small business plans for the Full Service Restaurant include an annual spending by consumer unit analysis. The Bureau of Labor Statistics produces tons of data that can be invaluable to a small business owner like Jack Gordon who are in the process of writing their business plans. Some of the key data provided by the folks at the BLS are listed below.

What is the cost of the data for Annual Spending by Consumer Unit analysis for Full Service Restaurant in Westchester County, New York?

The data for Annual Spending by Income is available completely free from the Bureau of Labor Statistics website at www.bls.gov and is paid for by your tax dollars. Most government agencies request however that if you decide to use their data, that you give them a mention by letting your readers know the source of the data.

What calculations go into the production of this template on Annual Spending by Consumer Unit analysis for A Touch of Tuscany?

There are no manual calculations that you have to endure - just go to the Bureau of Labor Statistics website, download the data, paste it or enter it into the template and the chart will be updated automatically. Just punch in the data and our templates will do the rest. Click on the output tab from where you can copy and paste the finished template into a word document.

Quick Links:

  1. Go to the Corresponding Questionnaire section for this industry.
  2. Go to the Corresponding Business Plan section for this industry.

Small Business Owner Resource Center

Articles

Articles on the Small Business Financing Sources, the Small Business Loan Basics, small business loans Checklist and SBA Loans are incredible sources of knowledge for the small business owner.

 

Articles

Credit Report and Credit Score Analysis, how to Read a Personal Credit Report and all about Business Credit cover the intricacies of credit and are required reading for everybody.

 

Articles

The Foundation Grant Directory is a free listing of sources for grants by state. Why not look if there is some free money out there for your business. Hey - you never know!

 

Articles

The Business Loan Application covers every item you will need in your loan package and tells you how to get approved for business loans.

 

Articles

Fire your loan broker and use our Free Business Loans Bank / Lender Directory to find every bank in the country lending to small businesses.

 

Articles

If you are looking to start a business - look no further.  Check out the Free Incorporation Guide discussion and the State Incorporation Resource Directory.

Rate this page
Your feedback is important to us | Please rate this page
1 2 3 4 5
HELP US SPREAD THE WORD | LINK TO THIS PAGE