Presentation is loading. Please wait.

Presentation is loading. Please wait.

Yakira Ruiz-Calderon March 15,2013 Period. 7 Mr.Otero.

Similar presentations


Presentation on theme: "Yakira Ruiz-Calderon March 15,2013 Period. 7 Mr.Otero."— Presentation transcript:

1 Yakira Ruiz-Calderon March 15,2013 Period. 7 Mr.Otero

2 TABLE OF CONTENTS TITLE TABLE OF CONTENTS Executive Summary A. Convince the reader that business concept is soundand has reasonable chance of success B. Summary is effectively written COMPANY DESCRIPTION A. Legal form of business B. Effective date of business C. Company mission statement / vision D. Company location E. Immediate development goals INDUSTRY ANALYSIS A. Description of industry ( size, growth, history) B. Trends and opportunities within the industry TARGET MARKET A. Profile B. Needs COMPETITION A. Key competitors identified B. Analysis of competitors strenghts and weaknesses C. Potential future competitors OPERATIONS A. Business facility described Workforce defined C. Technology MANAGEMENT AND ORGANIZATION A. Key employees B. Recruitment plan C. Compensation and incentives LONG TERM GOALS A. Goals identified B. Means for achieving the goals identified FINANCIALS A. Type of accounting system B. Financial projections SUPPORTING DOCUMENTS A. Licenses B. Advertising C. Letters

3

4 My bakery will make you the cake of your dreams. We can loosely be described as a quick-service restaurant where customers sit around a bar and watch their desserts being made. Also well have a catalog with different models of cakes so the customer can order depending on what they want. My bakery will hold true to its vision of being a new concept with an new fashioned feel in order to become a favorite spot for Florida natives. We plan to manipulate our location in the Business Improvement District to our utmost advantage. My bakery will be a total success. I will sale delicious desserts for a low price. Also because all my customers will be treat the way they deserve, and well do anything to make them happy. I will personally make sure that my employees treat my customers right. I will keep the place really clean and neat.

5 In a regular day at sweet-b bakery I will walk around and make sure that everything is clean. I will also make sure that all my customers are happy and well treated. Ill make sure that all the sweets are in good conditions. I will also walk around the bakery to help my customers choose the cake they want to buy.

6

7 To open a bakery, you must first obtain a business license. The business license gives you permission to legally operate your bakery within a specific jurisdiction. According to the Small Business Administration, if the restaurant is involved in activities regulated by a federal agency, such as interstate transport of animal products or plants, you may need a federal business license. State, county or local agencies may require licensing and charge an annual fee or a percentage of your sales to maintain the license. As with any business, a new restaurant must exist as a legal entity at the local, state and federal level. Even when registered as a corporation with both the IRS and a state Department of Revenue, a restaurant must comply with local business licensing guidelines. This sometimes means registering a trade name at city hall, while other situations require more complex licensing.

8 MY BUSINESS WILL HAVE A SUCCESS OPENING ON AUGUST 28, IM OPENING MY BUSINESS ON THAT YEAR BECAUSE ILL BE 25 AND ALSO BECAUSE ON THAT DATE IS THE INTERNATIONAL COOKIE DAY.

9 My companys mission is to make great cakes and delicious desserts. My mission is to make customers want to buy at my bakery and make them happy. I also want to make kids happy by making them the cake of their dreams with their favorite movie characters. Also I want to sale my sweets at a fair price. the owners of my bakery will run the company as managers. Well make sure everything is alright with all the employees and customers.

10 My Company will be located in Miami Beach, Florida AT 11 Washington Ave, Miami Beach, FL THE REASON MY COMPANY WILL BE LOCATED HEAR IS BECAUSE IVA NOTICE THAT THIS PLACE HAS A LARGE POPULATION. ALSO BECAUSE THIS PLACE has a lot of tourists from other places of the nation and when they come to visit they want to try everything.

11 Get all the licenses necessary. Begin constructing. Have a successful opening. Have a lot of customers. Have at least three employees.

12

13 There are many players in the bakery industry. The top four companies are estimated to only account for 11.7 percent of the market. The industry is characterized by many small bakeries, but there has been a recent trend towards consolidation and economies of scale. Businesses compete on price, quality, differentiation and relationships with key suppliers. I want a small size business.

14 I will have a lot of opportunities within the industry. I will have the opportunity to progress. Make a lot of customers, and also make a lot of money. I will have the opportunity to become popular and better than the competition.

15

16 Sweet-b bakery has a variety of target audience, but mostly kids. We can make cake for the kids birthday how they wanted with the animated character that they want. We also make cakes for older people. We accommodate according to the customers needs. We want all of our customers to be happy.

17 NEEDS Start-up Requirements Start-up Expenses Legal $3,000 Premise renovation $20,000 Expensed equipment $40,000 Other $1,000 Total Start-up Expenses $64,000 Start-up Assets Cash Required $70,000 Other Current Assets $12,000 Long-term Assets $65,000 Total Assets $147,000 Total Requirements $211,000 Start-up Funding Start-up Expenses to Fund $64,000 Start-up Assets to Fund $147,000 Total Funding Required $211,000 Assets Non-cash Assets from Start-up $77,000 Cash Requirements from Start-up $70,000 Additional Cash Raised $0 Cash Balance on Starting Date $70,000 Total Assets $147,000 Liabilities and Capital Liabilities Current Borrowing $0 Long-term Liabilities $100,000 Accounts Payable (Outstanding Bills) $1,000 Other Current Liabilities (interest-free) $0 Total Liabilities $101,000 Capital Planned Investment Patterson $55,000 Fields $55,000 Other $0 Additional Investment Requirement $0 Total Planned Investment $110,000 Loss at Start- up (Start-up Expenses) ($64,000) Total Capital $46,000 Total Capital and Liabilities $147,000 Total Funding $211,000 Sweet-B bakery has a lot of delicious sweets that many people will like. We also have catalogs with different cake models.

18

19 Ive identified two key competitors in the place that Im planning to open my business. They are Paul Bakery and Taste Bakery Café. They both are very strong competitors for me. They both have a big amount of customers and their sweets are delicious.

20 ANALYSIS OF COMPETITORS STRENGTHS AND WEAKNESSES Competitors Advantages Disadvantages Paul Bakery Taste Bakery Cafe Not well known Has variety of products It mostly sales drinks Sweet-B bakery will try to make delicious sweets to keep up With the other bakeries. Well teach our employees how to make all of our customers happy. We are going to always check that our Sweets are in perfect conditions.

21 POTENTIAL FUTURE COMPETITORS Paul Bakery and Taste Bakery Café will be potential future competitors because they have a lot of customers and their sweets are delicious. They are really strong competitors. They are located around the place that I want to open my bakery so they will be my competition. Those two are the only one that I think that will be a strong competition.

22

23 Sweet-B bakery has a lot of facilities. We have tables with chairs for all of our customers who want to eat our delicious sweets in the bakery. We also have a TV to entertain our customers. We have phones and computers for our employees, and we also have a big bakery.

24 Supervisors (3): The supervisors will work 40 hours a week with a paycheck of $18.00 per hour. These three managers need to make sure that everything is going on well. Also they need to count and deposit the money. Salesmen (6): The salesman will work 35 hours a week with a paycheck of $18.00 per hour. They are in charge of take in the money and help the customers.

25 In my bakery I will have a TV, computers, phones, and cash register. The TV will be used to entertain the customers that are waiting in line. The computers are needed for the managers and the employees. The phones are going to be use to take in orders and in case of emergency.

26

27 Supervisors : The supervisors will take care of everything and make sure everything is correct. Salesmen : The salesman will take in the money and help the customers with whatever they need.

28 Sweet-B bakery will advertise its opening through the internet and TV. We will also advertise through billboards and put there that we need employees to come by and apply. Well employee people who satisfy all of our requirements and want to progress. Well hire through application. Afterwards well call the people who satisfied our requirements and appoint an interview. Our employees will have a lot of benefits like health insurance and three pay weeks vacations every year, I will also give sick days. All the employees will be full time since Im only hiring six people.

29 All of our employees will have benefits. We want to keep them happy. Well provide them with health insurance and three weeks of vacation per year. Also well give them 30 minutes break every shift. Bakerys floor plan

30 LONG TERM GOALS

31 Our goal is to have a successful opening. We also want to have a lot of customers. We want to improve over time a and be better than our competition. One want to hire more people as we progress. One want to be successful and liked by all of our customers.

32 Sweet-B bakery will advertise its opening through the internet and TV. We will also advertise through billboards and put there that we need employees to come by and apply. Well employee people who satisfy all of our requirements and want to progress. Well hire through application. Afterwards well call the people who satisfied our requirements and appoint an interview. Our employees will have a lot of benefits like health insurance and three pay weeks vacations every year, I will also give sick days. All the employees will be full time since Im only hiring six people.

33 These goals means a lot to us. In order for us to be successful we need to achieve all of our goals. Our business depends of our goals. Our goals means satisfaction.

34 FINANCIALS

35 Since our business is small we want to start using QuickBooks for ours accounting system. After a while operation the system, and as we progress we want to change our accounting system to something better. Bookkeeping software that combines a variety of accounting processes into one user-friendly system. The software's primary function is to alleviate the use of multiple tables, spreadsheets, and tracking sheets necessary to document and maintain accounting tasks at a company. Accounting figures are also easily reconciled for tax purposes with Quickbooks. The software was developed by Intuit and can be customized based on the needs of the business utilizing the software. I want to use QuickBooks system because since 65% of the smalls business use the system I want to use it too.

36 The chart above represents the sales we expect throughout the years. The chart above represents the profit we expect earn through the months.

37

38 Business License Cities and counties normally require a bakery to have a business license issued by the city or county. These are typically annual licenses, renewed each year for a fee. If the business is in an unincorporated area of the county, the county normally issues the license, while bakeries within the city limits obtain a license through the city. Some states require a business to obtain a fictitious business name, in which the bakery registers its business name according to the rules of the state. Sales Permit If the state charges sales tax, the bakery owner typically needs a sales permit. Rules regarding taxable items vary by state, with some states exempting certain types of food from sales tax. Another consideration is if the food is carryout or eaten on the premises like a restaurant. The food sales tax exception normally does not apply to restaurant food. Health Department Permit The bakery typically needs a permit from the local health department. The health department might also require certain employees of the bakery to obtain food handler's cards. These are certificates the employee earns after completing a food safety class. The health department will periodically check the bakery to verify the business is complying with health and safety standards set for food establishments. Business License Cities and counties normally require a bakery to have a business license issued by the city or county. These are typically annual licenses, renewed each year for a fee. If the business is in an unincorporated area of the county, the county normally issues the license, while bakeries within the city limits obtain a license through the city. Some states require a business to obtain a fictitious business name, in which the bakery registers its business name according to the rules of the state. Sales Permit If the state charges sales tax, the bakery owner typically needs a sales permit. Rules regarding taxable items vary by state, with some states exempting certain types of food from sales tax. Another consideration is if the food is carryout or eaten on the premises like a restaurant. The food sales tax exception normally does not apply to restaurant food. Health Department Permit The bakery typically needs a permit from the local health department. The health department might also require certain employees of the bakery to obtain food handler's cards. These are certificates the employee earns after completing a food safety class. The health department will periodically check the bakery to verify the business is complying with health and safety standards set for food establishments. Fire Department Permit The local fire department may require the bakery have a fire department permit. This often involves a routine check of the premises to inspect the installation of the ovens and verify the bakery has adequate fire protection. Some ordinances specify a bakery or restaurant have an overhead sprinkler system that the fire inspector might check. Other Permits As with any business, the bakery may need additional permits or licenses to comply with local or state ordinances. This might include a sign permit, parking permits or building permits to make necessary alterations to the bakery building. Fire Department Permit The local fire department may require the bakery have a fire department permit. This often involves a routine check of the premises to inspect the installation of the ovens and verify the bakery has adequate fire protection. Some ordinances specify a bakery or restaurant have an overhead sprinkler system that the fire inspector might check. Other Permits As with any business, the bakery may need additional permits or licenses to comply with local or state ordinances. This might include a sign permit, parking permits or building permits to make necessary alterations to the bakery building.

39 Sweet-B Bakery Grand Opening Our Grand Opening will be on August 25, 2025 At 12:00 pm. The first three days all of our customers will have a 50% off in all of our sweets. Come by and checkout our delicious sweets, you wont regret it !!!

40 Sweet-B bakery 11 Washington Ave, Miami Beach, FL (305) August 28,2013 Mrs. Cloe Johnson SW 104th St, Miami, FL Dear Mrs. Johnson: We are very proud to inform you that you were elected to receive cupcakes all year long for free, you should come by with an ID on September 25,2025. On September 25,2025 Sweet-B Bakery will be celebrating one month of the grand opening. We have pick you to receive free cupcakes all year long, since youve been one of our most constant customers. We want to thank you for being such a great customer. We honestly think you deserve cupcakes for free all year long. I hope you will come by and claim your prize. Sincerely, Yakira Ruiz-Calderon


Download ppt "Yakira Ruiz-Calderon March 15,2013 Period. 7 Mr.Otero."

Similar presentations


Ads by Google