Business Plan of Food Quest (Other (Not Listed) Sample)

center00 FOOD QUEST 348343221706 “ Excellent taste in every bite.” BUSINESS PLAN -800100107442000 3672840305033TABLE OF CONTENTS Introduction ..................................................... 3 1 Executive Summary .................................. 5 2 Environmental Analysis .............................. 6 3 Business Description ................................ 7 4 Organizational Plan .................................. 8 5 Production Plan ........................................ 9 6 Operation Plan.......................................... 9 7 Marketing and Sales Plan ....................... 11 8 Financial Plan ......................................... 12 Appendix ....................................................... 14 0370114INTRODUCTION Proposed Name of the Business Among the proposed name given by the members, the selected name for the business is FOOD QUEST. The following names are the proposed name of the business: * SNACKTAYM * FOOD QUEST * SNACKZILLA * ISNACK * FOODEZ Address of the Business The business is located at Purok 10 Malipayon of Baranggay Candaguit. Name of the Owners: * Cariquitan, Hanna Marie A. * Cudira, Darwin C. * Guardiario, Kyla D. * Casanes, Melanie * Cervantes, Ken Bryan F. * Boltron, Jhijie * Dakay, Zinnia Sheer * Bulak, Robert Louise * Jimenez, Angel Grace Description of the Business FOOD QUEST offers lunch meals, snacks and liquid refreshments for the people in Candaguit. A family-friendly, trendy that will attract the residents of the said community. The major purpose is to provide high quality nutritious food consumers at an affordable price. Location of the Business The stall is located beside GrandFreeMart nearby Candaguit Baranggay Hall. The business target market is the local inhabitants of Barangay Candaguit e as well as passers-by, since our food stall is located near the national road. Funding Requirements and Source of the Funds The start-up fund requirement is only Php 2,700.00 for the necessary fees and materials. The owners' equal personal portion of the business' funds are gathered as a source of funds to be used as capital for the business. left3925211. EXECUTIVE SUMMARY The market demand has never been greater for food that is healthy, economically priced, and great tasting. Food Quest is a new micro business that is located in Purok 10 Malipayon in Candaguit, Sibonga, Cebu. The menu will include a variety of meals, snacks and liquid refreshments that are freshly made using locally sourced foods and drinks. It will be family-friendly, trendy that will attract the residents of the community. As the items will be varied according to schedule, the products supplied in this business are competitive and diversified in character. The target market of the business are the local people of barangay Candaguit, specifically basketball players as well as the passerby since our food stall is located near the national road. * Opportunity: In the community, the owners observed that there are only few who sell meals during lunch time, and during afternoon we also observed lots of folks that go outside to play basketball for fun. So, we see it as a great market opportunity to sell lunch meals as well as snacks and liquid refreshments. * Mission: The primary goal of the business is to give the consumer with a nutritious, high-quality food at a reasonable price. Hence, they may turn to the business which is Food Quest as a means to satisfy their hunger and thirst. * Solution: In order to provide products to an affordable price, raw ingredients in producing the products to sell was sourced from local markets. * Competitive Advantage: Food Quest is the only stall located in the area which sells lunch meals. Prices are also in an affordable price which is a cost-friendly to the target market. * Ownership: The students of Grade 12- ABM BENZ, notably the group allocated to Barangay Candaguit are the principal shareholders in this firm. These students will be in charge of all aspects of the firm, including product development, marketing and sales. * Expected Returns: The business’ main goal is to recoup their initial investment and increase profits while being cost-effective. They can also obtain skills with this simulation company that they can apply to their own firms in the near future. 2. ENVIRONMENTAL ANALYSIS0500380 The current pandemic issue resulted a rapid shift in the economy, the business industry's typical profits have decreased. At such times, people also prefer to spend less or cease their spending to save money. Therefore, people look for goods and services at lower prices. So, the group come up to introduce food products from local and raw ingredients with lower prices or selling the products at discounted prices so the business can still make sales when there is an economic slowdown. Economical Food business is a type of business that is easy to operate that's why there are lots of competitors in this kind of field. However, in the business’ environment there are only few competitors in selling of lunch meals in noon than snacks in the afternoon. So, in order to have greater revenues, owners decided to offer both lunch meals and snacks to provide consumers more products to offer at an affordable price. In the business’ pricing and product variety are important considerations.Social The barangay is a busy place, there are lots of people who passes by in the roadside. Hence, this gave the business an opportunity to gather more customers to sell their products. The consumers may turn to the business which is Food Quest as a means of satiating their hunger. In addition, the business offers refreshments to quench their thirst. STRENGTHS WEAKNESSES OPPORTUNITIES THREATS Affordability Limited to local distribution Innovative Consumers are price conscious New and Refreshing Limited Finances High Exposure Location Competitors could leverage brands strength Good Location Less Competitors Rising cost of raw ingredients Skilled Team High quality of raw materials 3. BUSINESS DESCRIPTION0455295 Food business is a type of business that is easy to operate that's why there are lots of competitors in this kind of field. Thus, it resulted of the possibility of picking quality and good materials at a reasonable price, as well as product variation, improves dramatically. Opportunity: In the community, the owners observed that there are only few who sell meals during lunch time, and during afternoon they also observed lots of folks that go outside to play basketball for fun. So, they see it as a great market opportunity to sell lunch meals as well as snacks and liquid refreshments. Product Overview: Food Quest offers variety of nutritious and high-quality foods and drinks for the people in Barangay Candaguit at an affordable price. * Key Participants: This business is managed by the owners, primarily students from Sibonga National High School's 12-ABM BENZ, notably the Barangay Candaguit Group. A prominent provider is the Prince Hypermart and local public market. If things needed are not available at Prince Hypermart and local public market will be sourced and purchased at Gaisano Carcar and other nearby community markets or sari sari stores. * Pricing: The prices of the items will be determined by the cost of each material utilized. Furthermore, the owners will guarantee that the things sold are both inexpensive and a good quality. 4. ORGANIZATIONAL CHART0500380 -17546599070200 The goal of the Food Quest business is to satisfy the thirst and hunger of the people of Barangay Candaguit. The owners intended to make a profit, expand operations and gain more information during the process. The purpose of establishing the microbusiness is to function as more than just a source of income or just for compliance for work immersion, but it also acts as a simulation platform for testing their abilities and acquire valuable lessons in establishing their own business in the near future. 5. PRODUCTION PLAN0388620 In creating safe and high-quality products for customers, the production system must strive for high quality service. This will be accomplished through the development of various food products employing different effective strategies. This will also result in the owners achieving cheap production costs. They also intend not to compromise the product's quality for the sake of the customers. To increase productivity in the plan, the owners seek to decrease waste and fostering and instilling a business culture that emphasizes teamwork over individual output. Suppliers The prominent provider of raw materials are the Prince Hypermart and local public market. Owners, want to engage in local markets since they are committed to fair trade terms and the promotion of local business. As a result, raw materials from local marketplaces can be purchased from communal sources rather than intermediaries, for lowering of prices and eventually benefiting the final consumer. The owners intend to keep input and production costs low by utilizing economies of scale. Receiving Recognizing that obtaining raw materials is a critical component of the overall business, the group intends to ensure that it is done by its responsible members who will purchase the materials as well as inspect the quality of goods and its condition. The materials will then be regularly checked and reviewed before leaving the markets to ensure their condition. Storage The raw materials and the products will be store in a clean and secure food storage. Stock takes and reconciliations must be done on a regular basis. When stock is taken out, it must be noted on a separate list, along with raw material reconciliations sent to production. If any deviations occur, owners must ex...