2.0 Company DescriptionThe Wang’s restaurant will be located in Lot 2-20, second floor, Sunway Velocity Mall, 55100 Kuala Lumpur, Federal Territory of Kuala Lumpur. Wang’s restaurant will be owned and operated by Lauren Wang and Fai Wang. In addition, Wang’s restaurant will offer a variety of pizza, pasta and sides dishes to the customers. The restaurant will be operates 7 days a week for the following hours :Monday10.00 am – 10.00 pmTuesday10.00 am – 10.00 pmWednesday10.00 am – 10.00 pmThursday10.00 am – 10.00 pmFriday10.00 am – 10.00 pmSaturday10.00 am – 10.00 pmSunday10.00 am – 10.00 pm 2.1 OwnershipWang’s restaurant will be owned and operates by Lauren Wang and Fai Wang. They began their career as a catering business at the age of 18. They also part-time in foodservice industry during his studies to earn the knowledge and experience about the food and beverage industry. Furthermore, they intern in the fine dining restaurant of five star hotel. After they graduated by bachelor of hospitality management, they worked for several famous fine dining restaurant. Within a short period, they each sit in different working positions, Lauren Wang held the position of restaurant manager and Fai Wang held the position of executive chef. After then,they decide operates their own restaurant to realize their dreams.2.2 Legal FormWang’s restaurant will be organized as a partnership, the Wang’s restaurant is wholly owned by Lauren Wang and Fai Wang. Therefore, they should register under the Registration of Business Act 1956 in the Companies Commission of Malaysia. 2.3 Start-Up SummaryThe cost of opening a restaurant is ( ). Most of the costs are ( )on furniture and equipment. Moreover, they also need to spend ( ) for renovate and build out the restaurant. Totally start-up costs will be invest by Lauren Wang and Fai Wang. 2.4 Location and FacilitiesWang’s restaurant will be located at Lot 2-20, second floor, Sunway Velocity Mall. The shopping mall has the most crowds during holidays or weekends. This shopping mall is easily reach by using major roads and highways and has public transport services that include LRT station and MRT station. Therefore, it is a best location to operates the restaurant.