Free

Request for Funds to Expand to Outdoor Catering - Assignment Example

Comments (0) Cite this document
Summary
In the paper “Request for Funds to Expand to Outdoor Catering,” the author analyzes seasoned catering, which is an established business entity that has thrived in the fast food industry for past five years. It mainly serves organic food and boasts of over 1million customers…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.5% of users find it useful
Request for Funds to Expand to Outdoor Catering
Read TextPreview

Extract of sample "Request for Funds to Expand to Outdoor Catering"


Request for Funds to Expand to Outdoor Catering
Executive summary
Seasoned catering is an established business entity that has thrived in the fast food industry for past five years. It mainly serves organic food and boast of over 1million customers who visit the restaurant because of its emphasis on health fast food. The restaurant is located in the city (name) center and mainly serves the working class who has limited time to prepare home meals and seasoned catering provides them with the convenience of juggling between work and taking meals without compromising their tight work schedule. However due is small size, it cannot hold the increasing number of health conscious customers. As such, the restaurant is considering other options that can help it serve its distinguished customers adequately. Currently, the fast food market is experiencing a rapid growth due to the increase of the working class customers. These are group of customers who have money to spend and thus offering opportunities for investors to venture into the fast food industry. In this regard, this proposal invites venture capitalist to help Seasoned Catering to expand its business to outdoor catering.
Background of information
Seasoned Catering is a fast food restaurant that serves organic fast food to its customers. Over the years, the restaurant has seen its customer base expand due to an emphasis on healthier food products. Currently, Seasoned Catering has one outlet located within the city center and mainly serves the working class who has limited time to cook at home. The prices for Seasoned Catering products are customer friendly and this has helped to increase the demand for products from the restaurant. The restaurant at the moment has a staff consisting of 10 caterers and two management staff. However, the increasing number of customers means there is need to add more staff members to improve service delivery. While the restaurant’s maintains a focus on its working class customers, it has also noticed the opportunity to also serve customers at their doorstep. This would help to improve the restaurants sales volume and profits by over 70%. However, Seasoned Catering lacks adequate start-up that can ensure it reaches organic fast food customers in different locations around the city (Woolard & Condon, 2013).
The purpose for the requesting for funds
The purpose for requesting for funding is to assist Seasoned Catering to expand to outdoor catering that involves serving customers at the comfort of their homes.
Objectives of Seasoned Catering
To increase customer base
To offer quality service to a wide range of customers with different taste and preferences
To ensure customers are served healthier fast food products
To develop a unique brand
To exploit new opportunities in the fast food sector
To be a leader in the outdoor catering for organic fast food
The outdoor catering market
The outdoor catering for fast food is a new service in the market and it provides significant opportunities to increase sales and profits respectively. Most fast food restaurant prefer to serve their customers in the restaurant itself. However, Seasoned Catering recognizes a market opportunity by also providing outdoor catering to its esteemed customer base in different locations around the city. If the fund proposed for this project is approved, Seasoned Catering expects to increase its sales volume by 70%. The new service would ensure that the restaurant generates more profits as it continue to explore other new opportunities in the fast food sector. Within a year, Seasoned Catering can generate profits averaging $3,500,000 annually (Woolard & Condon, 2013).
Conclusion
In the event that the requested funds are approved, Seasoned Catering expects the outdoor services to begin operating within 3weeks of the funds approval.
Reference
Woolard, J., & Condon, D. (2013).Preparing a winning proposal for program business. American
Agent & Broker, 75 (5).62-74. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Request for Funds to Expand to Outdoor Catering Assignment”, n.d.)
Retrieved from https://studentshare.org/business/1698538-business-proposal-for-catering-company-named-seasoned-catering
(Request for Funds to Expand to Outdoor Catering Assignment)
https://studentshare.org/business/1698538-business-proposal-for-catering-company-named-seasoned-catering.
“Request for Funds to Expand to Outdoor Catering Assignment”, n.d. https://studentshare.org/business/1698538-business-proposal-for-catering-company-named-seasoned-catering.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Request for Funds to Expand to Outdoor Catering

Individual Outdoor Sports

...? “Individual Outdoor Sports” Individual Outdoor Sport- Motocross Executive Summary: Motocross is a form of bike racing which emerged in the early 20th century in the United Kingdom. Later on this sport gave rise to other similar sports as well such as freestyle, supermoto, super cross, side cars, etc. It is a highly dangerous sport and the injuries occurring during practice sessions or on the performance day might lead to fatal consequences. Despite this fact, motocross is gaining popularity among the masses and different countries are making huge investments in order to develop the skills and performance level of the participants. Many world tournaments of motocross are arranged throughout the year; the...
8 Pages(2000 words)Essay

Hedge funds

...Hedge Funds in the United s Introduction Hedge funds are growing in the U.S. financial market despite market turbulences. Since its birth in the middle of the 20th century, they have increased in terms of number and total assets. This research paper focuses on the expansion of hedge fund industry in the United States. It also addresses the issue on hedge funds as optimal investment strategies. Background Definition of Hedge Fund Hedge fund, as reported by the President's on Working Group on Financial Markets (1999), is defined usually as a variety of different kinds of investment vehicles which have some features in common. The term "hedge fund" involves any pooled investment medium that is (1) organized in private, (2) directed... by...
5 Pages(1250 words)Essay

Mutual Funds

...MUTUAL FUNDS Introduction One important concept which always has been spoken when people talk about the finance and financial details is the concept of mutual fund. Before really moving into the discussion about mutual funds, we will bring the basic definition of other related but important concepts of stocks and bonds. Basically we define each of them so that understanding of the whole concept of mutual funds become much easier. So a stock represents shares of ownership in a public company. Few of the companies which can be called public companies are Accenture, IBM and Ford etc. similarly we can outline the concept of bonds. Bonds gives people chance to lend our money...
8 Pages(2000 words)Essay

Outdoor recreation

...Outdoor recreation/Ecotourism Site Development Project Project Brief: By understanding the geographical location of Albury it is advisable to design a conceptual recreational plan for water sports simulating the kind of atmosphere like a sea and beaches. Since the geographical location is very far from the coast and if we can simulate the similar setup like the beaches and the sea in the interior city like Albury then it would definitely attract a lot of business and recreation market and can be cashed later with lots of ancillary units. Albury is situated in a very convenient place with every kind of transport facility. The place can be reached by air, road and rails also. It has all the communication facilities...
7 Pages(1750 words)Research Paper

Outdoor Education

...1.0 Research Topic: Gender: How does it effect the outdoor education experience Outdoor education refers to organized learning that takes place outdoors. Outdoor education programs generally involve residential or journey-based experiences where students participate in a variety of adventurous challenges such as hiking, climbing, canoeing, ropes courses, and group games. Outdoor education is based on the philosophy, theory, and practices of experiential education and environmental education. As the literature regarding outdoor education grows, it now becomes important to review emerging trends and discuss its implications for practice....
9 Pages(2250 words)Essay

Letter request

...as well as differences in these manifestations in terms of age and maturity of the individuals. If time and resources permit, the study may also touch on cultural differences in romantic relationships. I believe my study will not only be of interest to many, but will be relevant as well in the area of Social Psychology and Marriage and Family. In this regard, I am humbly requesting you to be my mentor and dissertation chairperson. Your wisdom, backed up by your impressive credentials will surely guide me in the right direction to a meaningful and successful body of work and enable me to contribute my legacy to the field of Psychology. Hoping for a positive response to my request and looking forward to...
2 Pages(500 words)Essay

Investment Management: Matual Funds, Hedge Funds, and Other Funds

...Investment Management: Mutual Funds, Hedge Funds, and Other Funds Contents Time weighted returns (TWR) 3 Importance of Time Weighted Returns to the Investors 4 References 5 Time weighted returns (TWR) Time weighted returns measures the compound rate of growth in a portfolio. This method is useful since it eliminates the distorting effects which are created due to inflow of new money. The true TWR of an asset requires as asset to be revalue at the point of each cash flow. The returns are then compounded together to form the TWR for the whole period. In effect a weighted average of sub period internal rates of return between cash flows is generated. But this method has a drawback of having...
2 Pages(500 words)Essay

Persuasive Request

...Persuasive action request memo To all employees, I write this memo to request every employee to enroll in a new insuranceprogram that will help reduce the deductible amount of $500 for every health benchmark. The program will not only improve your health, but also reduce the health costs. Bank of Westfield proposes this program since the bank is at greater risk from rising health costs. As it has always been, federal law obliges that all employees covered by the insurance programs of the employer must pay the same premium. It, therefore, implies that every employee who has a health problem will not be charged the same amount as those employees with good health. However, recent legislation has allowed...
1 Pages(250 words)Essay

Expand business

.... These countries are United Kingdom (UK) and United Arab Emirates (UAE). London, UK London is world’s one of the important centre of finance and commerce for international business. Almost every multinational company is present in London. London is an important location for expanding business in the UK. London has been proposed for the company because the city mainly comprises financial and business houses, which require products that are part of company’s product line. Moreover, the company can get in partnership with big corporations as well as act as a manufacturer and master distributor to small distributors, retailers and wholesalers (Martin & Parker, 2003). Dubai, UAE Dubai is one of the most economically developed...
5 Pages(1250 words)Essay

Restaurant and catering management

...Insert Restaurant and catering management in a casual Japanese Restaurant in San Francisco While carrying out field experience as an assistant manager at a casual Japanese Restaurant located in San Francisco, I managed to help the manager to perform the daily operations of the restaurant. The responsibilities of an assistant manager included planning and food safety, guest service, financial, community involvement, personnel, and operational responsibilities. Planning and food safety At the restaurant, the assistant manager ensured that sanitary practices for kitchen maintenance, food handling, general cleanliness, and dining maintenance are enforced. The manager had a responsibility to certify that the employees comply...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Request for Funds to Expand to Outdoor Catering for FREE!

Contact Us