Business Plan: Red Chilly Fast Foods - Essay Example

Business Plan: Red Chilly Fast Foods RED CHILLY FAST FOODS Email: blackChillyff@gmail.com, Tel: +447 733567841 Erick Reel of Red Chilly Fast Foods We3489 Baltimore High Street Finlay Town Yokshire County Sammy Zeki Upperzone banks and Invst Y67 Rolk High Street Greenville Town Yokshire County 13th December 2014 RE: FINANCIAL AID FOR A BUSINESS PLAN I hope that you are fine and faring well. I intend to set up the aforementioned restaurant, Red Chilly Fast Foods in Finlay Town. For that, I humbly request for a financial loan to aid in launching of the business. Accompanying this letter, please find my business plan. I strongly desire to operate a fast food business so as to provide a solution to the congestion of major affordable eating parlors in my town especially at lunch hour. The venue being at We3489 Baltimore High Street targets customers from Fredmont and SkilledArt College. The place also nears several working offices thus ensuring that their lunch time needs are catered for. Not to forget, the nearby Town Park, which is visited by several people for picnics and relaxation, the restaurant will come in handy for such. To counter stiff competition from adjacent restaurants, I will ensure pocket friendly service dissemination. Financially, I estimate to have a starting capital of $ 40, 000. I already have $ 10,000 and hoping to get the rest from you. I am sure to get an annual profit of $ 20,000 thus no problem in repaying the loan. I hope to get a positive a response from you. Yours Erick Reel A. Executive Summary i. Mission Statement Red Chilly is a yet to be new eating parlor in town. It is well certain that it will offer the best quality of meals. To add to that, it will also provide a source of refreshment zone, particularly in the afternoons and evenings after school and work. With the need arising for decongesting major eating and meeting zones in town, we have decided to set up a new zone with better quality services destined at creating a home kitchen in town at pocket-friendly price. Food will be prepared in the kitchen behind the dining hall on a daily basis so as to enhance quality and freshness of food. To show its versatility, the premise will also offer both takeaways and sit in places for meal consumption. Red Chilly also has the health of its customers at hand. This is so by intending to provide free fruit salad that will accompany every meal. The eating parlor is strategically placed so as to accommodate many office workers at their respective lunch breaks and also school attending individuals at lunch break too. A site down the alley not frequented by heavy traffic and commotion has been set aside for the premise. On a third floor building making use of all the passing by breeze, customers will be able to enjoy a full ray of the city by catching a glimpse of the outside through the serene blue-tinted glass wall. ii. Vision Statement From annual profits turnover, Red Chilly will seek to expand its services by extending new branches probably in other streets of the town and probably to other towns too. iii. Values We intend to create satisfactory service to our esteemed customers by providing the freshest and most delicious meals possible at a pocket-friendly price. Table of Contents A.Executive Summary 3 i.Mission Statement 3 ii.Vision Statement 4 iii.Values 4 Table of Contents 5 B.Company Description 6 C.Product or Service Description 6 D.Operations and Managements 7 B. Company Description The company will be located in Finlay Town, Yorkshire County. Red Chilly will have a manager and several members of staff. These include waiters, chef, and a driver. Security guards for screening customers will also be available for security purposes. The premise will have several dining tables and chairs, a cashier system and the main server for food service. An accountant will help in executing the bookkeeping functions of the company. An overall manager will be entitled to oversee the day-to-day operations of the company. C. Product or Service Description Red Chilly is destined to offer products and services to encompass a wide variety of individuals. This is from the young to the old. We want to offer different types of food. We shall accomplish this by having a variety of sections at the premise. For instance, we will include a bakery section for our pastas, an ice cream joint as well as a kitchen for cooking. By having these differential sections, we target to offer a market for everyone. An ice cream parlor will be in fulfillment of children’s love of ice cream. The bakery section will provide cakes, pastas, and even biscuits to attract the teens and the youth. The adults love to keep healthy; freshly prepared food that is no different from home food will be available. Not to forget the beverage section, we shall brew high coffee quality for mind stimulation. For relaxation, we shall offer homemade fresh juice with natural ingredients including cocktails too. We have the customers’ satisfaction at heart. We shall offer special delivery service on notification at a fair price. Our telecommunication team will be upfront at this with no delay. Takeaway snacks will include pizza, fries, burgers, sandwiches, and hot dogs to mention but a few. Aimed at providing a home environment for all, we shall do different cuisines from Chinese to Latino to French foods as an example of a globally serving cafeteria. D. Operations and Managements Red Chilly will try to offer the customers need at all times. Consequently, the operations will run on a three quarter day basis from 6 a.m. in the morning to midnight. To cover for a long service delivery time, our employees will not be overwhelmed with duty. Duty shift plan will come in handy. Day shift will run from 6 a.m. to 3 p.m. and evening from 4 p.m. to 12 a.m. Red Chilly as a food industry will operate daily all days of the week. Like any other service delivery company, Red Chilly will have different aspects of management. Managerial team: A management team will be formed solely responsible for delegation of duties and responsibilities at the premise. As a human resource, it will employ stuff and be able to the subject termination of the contract if need be. Marketing: as a new business, a specially designed marketing team will employ proper marketing. Marketing will be done by giving offers like buy two get one free and offering of discounts. Five big banners will be placed at five strategic points in Finlay town. Circulating leaflets will come in handy advertisement. Communication and delivery: This will comprise the transport team for delivery services as well as a telecommunication team responsible communication within the restaurant in terms of phone calls and any personal queries made. Financial department: Startup finance for the business will come from my personal savings and loan from financial institutions. The finance department will be under the authority of the management team. The team will be responsible for the annual audit of the business; profit and loss accounts maintenance, consolidation of accounts statements, and any other general bookkeeping operations. These functions are meant to ensure that the company operates smoothly towards achieving its goals and objectives. With the necessary support, there is a conviction that the company will scale great height and be a success for many years to come. Reference Guffey, M.E., & Loewy, D. (2010). Business Communication: Process and Product. Mason, OH: South-Western Cengage Learning. Read More