The Regression Model of the Pay Back Period of Expenditures for a Cafeteria Opening

The sphere of services is actively developing in the modern world the level of which affects the quality of life of the population and the attractiveness of the place among the tourists. Catering companies make up an important part of the service sector. The aim of the study: a regression model development for calculating the cost recovery for opening a cafeteria in Kazan (Russia). Research methods: one-parameter and multifactor regression analysis, calculation of the discounted payback period, internal rate of return, net present cost of the project. The results of the study: the equation of regression dependence of the discounted payback period (Y) on the value of the average sales price in the cafeteria menu (X1), construction and installation costs and equipment purchase (X2), discount rates (X3) is obtained. The multiple correlation coefficient of 0,954 indicates high accuracy of calculation. The suggested model will allow to make the payback period estimation for any public catering enterprise on the base of selected initial factors. The results obtained can be useful for investors and developers.