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Where should they locate the second restaurant

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Reference no: EM131614331

CASE Study - Scarborough N.M. & Cornwall, J. (2015). Entrepreneurship and Effective Small Business Management (11 ed.) Pearson: Boson, MA Red Iguana

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Sources: Based on Ian Mount, "Build a Second Restaurant in the First's Shadow?," New York Times, August 24, 2011, Ian Mount, "Why Red Iguana Built Red Iguana 2 Right Next Door," New York Times, August 30, 2011, [no longer online] Ian Mount, "You're the Boss; Second Restaurant: Following Up," New York Times, August 30, 2012, [no longer online]; Larry Olmstead, "Mexican Food in Utah? Red Iguana Is the Real Deal," USA Today, March 28, 2013,

1. C4-1. What management succession issues do you detect in this case? What steps could Rámon Cardenas have taken to avoid them?

2. C4-2. Lucy and Bill eventually were able to purchase Red Iguana from her father for $560,000. Describe at least three methods that the family could use to establish the value of the business. What factors make placing a value on a business difficult?

3. C4-3. Should Lucy and Bill open a second location of Red Iguana? If so, what factors should they consider when selecting a location?

4. C4-4 Where should they locate the second restaurant? Explain.

5. C4-5 What steps should Lucy and Coker take when they make their loan request to officers at Zions Bank?

Attachment:- CASE.rar

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The project is about the depth analysis of the family business which has gone through with many struggles. When Ramon and Maria left Mexico City, and purchased a new restaurant named “Casa Grande”. The restaurant has struggled a lot and finally closed by the couple. Then they opened a new restaurant named red lguana. After the Ramon’s wife Maria died, he closed the restaurant which is then purchased by his daughter and son-in-law

Reference no: EM131614331

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NOTE: Please have an expert supervisor EDIT and READ this essay before it is sent . . . Please!. Submit a 6-page descriptive case study utilizing the case in the text book, and two academic or peer-reviewed sources, no older than 2015. Case #4 p. 835, in Scarborough, N.M. & Cornwall, J. (2015). Entrepreneurship and effective small business management (11th ed.). Pearson: Boston, MA As you complete this case consider the following: . Should Lucy and Bill consider changing entity types? Why, or why not? . Formal business planning.

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