Example Three Libby decides to purchase a light-duty pickup truck instead. Example Four Now suppose Libby purchases a used light-duty pickup truck.
For one, there are no other bagel-specific shops in the area. The lack of bagel shops in the metropolitan area definitely presents a need for our business. In our area specifically, the only competition would be that of the donut-type or the bakery-type morning-oriented business.
We believe that the bagel business is different and specific enough to meet the needs of a different calling, specifically the call to eating healthier. Fresh baked bagels will be served all day. We will keep well stocked so as not to run out of customers favorite varieties.
Bagels are a healthy alternative to the morning donut or pastry. The area also contains overpeople residing in a 5-mile radius from which draw business. The bagel shop consumer comes from all income levels of the market.
Bagels are a relatively inexpensive luxury, costing as little or less than a donut or muffin. Almost anyone could afford a stop at our shop from time to time. Ninety-four percent of the metropolitan area are Caucasian, another strong demographic indicator of consumers that frequent our type of establishment.
This is not to say that people of other ethnic backgrounds don't consume our product or wouldn't be welcome in our establishment, this is just a demographic indicator.
People are eating with a more health conscious emphasis. Not only will we be able to meet the needs of the "breakfast on the go" individual, we will also be able to meet the needs of the person looking for a quick lunch, who would rather have a healthy alternative to the fattening fast food.
Our store will be equipped with a drive-thru for quick pick-up of a deli-bagel sandwich made from a wide selection of deli meats or vegetarian toppings. From-scratch bagel baker and gourmet coffee house under one roof. Developed and operated by people who have been franchisees and understand the need for teamwork and support.
Bagels by the dozen Cream cheese by the pound Gourmet coffee and espresso beverages by the drink Whole bean coffee by the pound Fresh baked treats Large 5 oz. EXPANSION USA relies on the production and bulk sales of their top of the line bagel recipe, along with their homemade cream cheeses, deli meats, and delicious Mountain coffee to position themselves in one of the fastest growing industries in the country.
Bagel sales exceed 2. The specialty or gourmet coffee segment in this country is now earning 7 billion dollars annually.
While many may participate in this market, no single franchise organization dominates the market place. We would definitely like to be part of this growing industry. Although USA franchises are located throughout the U.
However, USA is still in its early stages of franchising and in approximately four years has established privately held franchised stores. Name recognition is growing daily. Troy and Milford territories have just been assigned, and with our development of the metropolitan area puts the last piece of the puzzle into place for USA to be recognized as a leading force in the bagel business in the metropolitan area.
The key factor will be getting the in-store sales generated through advertising exposure, and then approximately months later, venture into outside sales.
With the expansion into outside sales, comes greater community awareness. We feel this will in turn increase in-store sales via wider awareness of our operations, our great product and service. Eventually we will expanding into a three-store operation.
This business plan deals specifically with our first operation.
We'll deal more with the expansion once our first operation is running sound. The actual site has not yet been selected, however we are working with Jack Reaves, of Coleman Realty, to find a location and expedite the process.
We will need a location that offers ample parking, easy in and out access for the morning and afternoon rush times, and high visibility from the road.This plan helped Mountain View Lease, LLC obtain a $, Small Business Loan for facility build-out construction and a $, line of credit for company start-up and vehicle acquisition-related costs.
JJB's Break-even Analysis is based on the average of the first-year figures for total sales by units, and by operating expenses. These are presented as per-unit revenue, per-unit cost, and fixed costs.
There are seven major sections of a business plan, and each one is a complex document. Read this selection from our business plan tutorial to fully understand these components.
Examples of operating expenses August 01, / Steven Bragg Operating expenses are those expenditures that a business incurs to engage in any activities not directly associated with the production of goods or services (see an alternative definition at the bottom).
Tax deductions are valid business expenses that you claim on your taxes. Claiming deductions saves you money by reducing your taxable income so you pay less in taxes to the government.. the best part is that you are probably already paying for these expenses, you just need the right information to turn them into valid tax deductions.
that's why we created the guide below. What you need to know. Table A provides a list of questions you need to answer to help you meet your federal tax obligations. After each question is the location in this publication where you will find the related discussion.
The IRS mission.