This
business is focused on making a cafeteria
at a gym that sells healthy food there. The name of the cafeteria would be
"Healthy Food Cafeteria." This business plan is for the café, which
is located within the gym, so people
enjoy healthy food. In this restaurant,
the food will be creative ethnic food. The main objective of this business is
that try to make the sales of $250K in the first year. The cost that is
spending on the restaurant should be less than $200. The mission of this
business is that people love food so open the restaurant at a gym where many people come and prefer healthy food so; our mission is to serve them
with good quality. Our target customers are those who are diet conscious mainly
young and the middle age people are targeted.
As the restaurant is situated at the gym, it’s a single-unit and medium-sized restaurant. The main focus of the restaurants is creative as well as organic food. The success
of our financial plan is the most important thing, but this is achieved only if we provide good services and better
quality of food. This business starts
with a partnership of two friends. The
other is handling the financial issue as well as the other is handling the
personnel issues. Both are the student of business, so they wanted to start a new business during their degree. So,
finally they achieve what they want finding a good location is the major
problem, but they find the perfect location for their restaurants. In this business plan, there would be a
detailed analysis of business marketing, products, sales, financial plan,
etc.
Description of Business on Healthy Food
Cafeteria
This startup is about a cafeteria
beside the gym that is offering healthy food to the customers. This new business is starting in the marketing
of Dubai, where the people are very concern with their health and life style. This
business, describe the market strategy as well as about the product. The
creation of this business is very beneficial for health-conscious people. Because it’s really hard to find pure
organic and healthy food with all nutrients in the market. The food that the cafeteria is offering to the
people is not very expensive like other deity food restaurants, so it is not
very hard to afford by the customers.
Market Analysis of Healthy Food
Cafeteria
Target market
The business target market is the customers
that are very much concern with their food and diet. The business is mainly
focused on the customers between 17-50 years of age. The people who like to do the gym are also targeted
by this business. The business is mainly targeting the residents of Dubai. The
people from medium to high-income level can easily afford the food offered by
the business.
Competitor’s Analysis of Healthy Food Cafeteria
As the new business is mainly focusing
on the Dubai market, so there is already a huge competition for dietary food
restaurants. The market of dietary food restaurants is expanding in Dubai very
fast. Some of the key competitors of the new Caféteria business are as follow:
·
The
Cycle Bistro
·
Kcal
Healthy Fast Food – CPU
·
Kcal
Restaurant
·
Healthy
Eats & Treats (HEAT)
·
BeStro
·
The
Fit Food Kitchen
Threats of
New Entry
|
High
|
Threats of Substitutes
|
Medium
|
Bargaining power of buyers
|
High
|
Bargaining power of suppliers
|
Low
|
Threat of rivalry
|
High
|
Strength and Weakness of Healthy Food
Cafeteria
Strength of Healthy Food
Cafeteria
The company major strength is that it
is next to the gym that is already filled with the people who are diet
conscious and the Cafeteria is very easily accessible to them. The second
strength of the company is that Dubai already has a huge market of the
diet-conscious customer, so in Dubai if market properly the dietary cafeteria
business can be very profitable.
Weakness of Healthy Food
Cafeteria
The business is new in the market, and
not a lot of customers know about the business because of its small size. The
competitors in the market of Dubai may also create problems f or the business,
so it is very important for the business to make an effective financial,
marketing and sales plan so that they may able to access more customers.
Penetration of Healthy Food
Cafeteria
The market size for the business is
described as middle-aged people, or young people, as well as dieting women, are
the main target of our market segment. As
the location of our restaurants is perfect easily,
people gathered there. Swot Analysis is
also applied to this to find out the strength, opportunities, threat, and weakness of the restaurant. Also, explain the future projection of the restaurant. For this business plan, the product and services are of good quality (Dockery and Knudsen).
Product Description of Healthy Food
Cafeteria
The restaurants provide their customers
with the finest food and drinks and mostly specialize in blended tea.
The drive-thru facility is also provided
to the customers. The product also prepared according to the specification of
the customer. Additionally, drinks are
added according to the season. In the restaurants,
the chief is fully trained, and another
staff is also trained who made coffee and
other beverages in the restaurants. The cafeteria also provides the customize
food to the customers so that they can drop a meals schedule in the café and
they get what they what to eat on a daily basis. As the season change, the
owner of the restaurant offering different
product especially the energy drinks that
will improve the sales as well as the satisfaction of its customer (Wong).
Benefits of Healthy Food
Cafeteria
The business of Cafeteria would provide
a lot of benefits for the customers who are very much concern with their
health. On the other side, the people who work in the gym next to the cafeteria
would not have to go so long to get their meal. The can have diet food next to
the gym with very affordable prices.
How to develop the product of Healthy Food
Cafeteria
The business would hire an expert's chiefs and
dietitians to make the high-quality food for the customers. All of the
ingredients for the recopies of the food is get from the organic farms to avoid
any chimerical and preservatives food.
The strategy of sale of Healthy Food
Cafeteria
As in the given graph below in the
first year we intend to deliver approximately $250K and by the third year of
the plan it is double (Baumgartner, Hatami, and Uster)
Management Structure of Healthy Food
Cafeteria
The owner of the restaurant has enough
experience to manage the personnel as well as and the others are confident about his ability that he find excellent staff for the restaurants. The chief
of the restaurant is well-known, and he
already published the cook book. Therefore,
this will give the honor to the restaurant. Here in the below section, we describe the personnel plan is as
follow:
Management Team
|
Manager
|
Year
1
$50,000
|
Year 2
$55,000
|
Year
3
$60,000
|
Hostess
|
$32,000
|
$35,000
|
$40,000
|
Chef
|
$44,000
|
$50,000
|
$55,000
|
Cleaning
|
$20,000
|
$25,000
|
$30,000
|
Waiters
|
$62,000
|
$90,000
|
$120,000
|
others
|
$14,000
|
$42,000
|
$45,000
|
Venture risks of Healthy Food
Cafeteria
There are also some of the risks are there
that the new business have to face while implementing the business plan. The
major risk is that are as follow:
Risks Type
|
Risk Description
|
Product Risks
|
The product that the business is offering might be
confusing for the customers may be the think of business some nutrition or
prescribe café.
|
Market Risks
|
The
business might have difficulty to fit in the market because they are already
a huge competition in the market.
|
Product Quality Risk
|
The business
might not able to fulfill the needs of the customers because the food choices
of the health-conscious customers are very particular.
|
Customers’ Risks
|
The
company might fail to effectively communicate with their customers.
|
Recruiting Risk
|
The business of cafeteria is very much depending on the
skills and expertise of chefs and dietitians, so if they are not talented it
can be a huge risk for the business.
|
Sales Risk
|
In
the beginning the business might not be able have more exposure that can be
risky for the company to have more sales.
|
Financial Risk
|
The budget of the company most sensitive part that can
be very risky to make in the first year of business.
|
How to
reduce them
In order to reduce the risks, there is
a need to conduct a deep marketing research and make an effective plan for the
business. Some of the effective ways that can help the startup to reduce are
risk are as follow:
·
Decrease
Fixed Overhead Costs
·
Take
Trial Orders Benefit
·
Interview
Experts from Industry
·
Focus
on Building Relationship
·
Know
When to Outsource
·
Monitor
the working Competitors
·
Before
Investing Find First Paying Customer
Advertising and Sales Promotion of Healthy Food
Cafeteria
For the advertisements of the business
the following medium and channels would be used:
·
Social
media marketing
·
Billboards
·
Google
ads
·
SEO
marketing
·
Making
official website
Most of the advertisement
and promotions mediums of the business are online to access more customers. By
using this advertisement and marketing method, the business is more likely to
attract more customers towards their business, and it also relates to the
increase in sales. The customers would be also able to order there meal online
to their homes or also to the gym near to the cafeteria.
Financial Analysis of Healthy Food
Cafeteria
Discuss
the financial analysis for a start-up
business. As the customer demand for high-quality
food and services. The owner of the company provided sufficient start-up capital. At establishing
as well as growing a loyal customer base with successful management objective,
in two years, the company will see double
its net worth (Fridson and Alvarez).
General Assumption
|
|
Year 1
|
Year 2
|
Year 3
|
Month plan
|
1
|
2
|
3
|
Current interest
rate
|
10.00%
|
10.00%
|
10.00%
|
Interest rate long
term
|
10.00%
|
10.00%
|
10.00%
|
Tax rate
|
25.42%
|
25.00%
|
25.42%
|
other
|
0
|
0
|
0
|
Revenue
Forecasting of Healthy Food Cafeteria
|
2019
|
PROFIT AND LOSS STATEMENT - REVENUE
|
|
Healthy Food Cafeteria
|
|
Revenue
|
JAN
|
FEB
|
MAR
|
APR
|
MAY
|
JUN
|
JUL
|
AUG
|
SEP
|
|
Sales
|
$5,000
|
$6,398
|
$5,525
|
$2,381
|
$6,075
|
$6,384
|
$6,701
|
$8,900
|
|
|
Sales Returns (Reduction)
|
$0
|
($90)
|
$0
|
$0
|
($89)
|
$0
|
$0
|
($97)
|
|
|
Sales Discounts (Reduction)
|
($500)
|
($550)
|
($513)
|
($588)
|
($678)
|
($534)
|
($600)
|
($40)
|
|
|
Other Revenue 1
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
$2,000
|
|
|
Other Revenue 2
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
|
|
|
Other Revenue 3
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
|
|
|
Net Sales
|
$4,500
|
$5,758
|
$5,012
|
$1,793
|
$5,308
|
$5,850
|
$6,101
|
$10,763
|
|
|
Cost of Goods Sold
|
$2,000
|
$2,100
|
$2,250
|
$2,316
|
$2,430
|
$2,525
|
$2,602
|
$4,654
|
|
|
Gross Profit
|
$2,500
|
$3,658
|
$2,762
|
($523)
|
$2,878
|
$3,325
|
$3,499
|
$6,109
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit and Loss Statement - Operation
Expenses of Healthy Food Cafeteria
|
2019
|
PROFIT AND LOSS STATEMENT - OPERATION EXPENSES
|
|
Healthy Food Cafeteria
|
|
Operation Expenses
|
JAN
|
FEB
|
MAR
|
APR
|
MAY
|
JUN
|
JUL
|
AUG
|
SEP
|
|
Salaries & Wages
|
$700
|
$775
|
$827
|
$862
|
$916
|
$952
|
$1,001
|
|
|
|
Depreciation
|
$50
|
$25
|
$51
|
$79
|
$8
|
$68
|
$67
|
|
|
|
Rent
|
$150
|
$175
|
$166
|
$736
|
$183
|
$114
|
$200
|
|
|
|
Office Supplies
|
$75
|
$49
|
$54
|
$55
|
$57
|
$60
|
$64
|
|
|
|
Utilities
|
$13
|
$13
|
$23
|
$13
|
$13
|
$23
|
$23
|
|
|
|
Telephone
|
$10
|
$10
|
$10
|
$10
|
$10
|
$10
|
$14
|
|
|
|
Insurance
|
$75
|
$75
|
$75
|
$75
|
$75
|
$75
|
$75
|
|
|
|
Travel
|
$25
|
$27
|
$28
|
$89
|
$34
|
$31
|
$33
|
|
|
|
Maintenance
|
$90
|
$100
|
$105
|
$112
|
$118
|
$120
|
$120
|
|
|
|
Advertising
|
$100
|
$110
|
$121
|
$132
|
$143
|
$155
|
$168
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Operation Expenses
|
$1,288
|
$1,358
|
$1,459
|
$2,163
|
$1,557
|
$1,609
|
$1,765
|
|
|
|
|
2019
|
PROFIT AND LOSS
STATEMENT
|
Healthy Food Cafeteria
|
|
|
|
|
|
|
|
|
|
|
|
JAN
|
FEB
|
MAR
|
APR
|
MAY
|
JUN
|
JUL
|
|
YTD
|
Income From Operations
|
$1,212
|
$2,300
|
$1,303
|
($2,686)
|
$1,321
|
$1,716
|
$1,734
|
|
$13,010
|
Interest Income (Expense)
|
($50)
|
($45)
|
($38)
|
($34)
|
($66)
|
($46)
|
($89)
|
|
($367)
|
Income Before Income Taxes
|
$1,162
|
$2,255
|
$1,265
|
($2,720)
|
$1,255
|
$1,670
|
$1,645
|
|
$6,533
|
Income Tax Expense
|
$200
|
$200
|
$200
|
$200
|
$900
|
$300
|
$320
|
|
$2,320
|
Net Income
|
$962
|
$2,055
|
$1,065
|
($2,920)
|
$355
|
$1,370
|
$1,325
|
|
$4,213
|
References of Healthy
Food Cafeteria
Baumgartner, Thomas, Homayoun Hatami and Maria
Valdivieso de Uster. Sales Growth: Five Proven Strategies from the World's
Sales Leaders. John Wiley & Sons, 2016.
Dockery, Doug, and
Laureen Knudsen. Modern Business Management: Creating a Built-to-Change Organization.
Apress, 2017.
Fridson, Martin S. and
Fernando Alvarez. Financial Statement Analysis: A Practitioner's Guide.
John Wiley & Sons,, 2011.
Wong, Ho Yin. Building
a Marketing Plan: A Complete Guide. Business Expert Press, 2011.