Published on December 12, 2007
L.A. Buffet Restaurant: L.A. Buffet Restaurant Janet Chiwele NingXin Huang Joanna Mnich Olena Olenchuk AKM Shafiuddin Agenda: Agenda Mission Objective Management team Marketing Location &Layout Finance Personnel Conclusion Mission: Mission To offer enjoyable dinning experience, support by excellent customer service Objectives for five years: Objectives for five years Increase sales by 5-10% annually Hire professional accountant Hire assistant operation manager Management Team: Management Team Shafi – founder & owner Accounting degree from U of L Mentor – consulting team Agenda: Agenda Marketing Location &Layout Finance Personnel Conclusion Target Market: Target Market Middle & Low income families Students local business people SWOT Analysis: SWOT Analysis Marketing Mix: Marketing Mix Agenda: Agenda Location &Layout Finance Personnel Conclusion Location: Location Layout : Layout Agenda: Agenda Finance Personnel Conclusion Financials: Financials Market potential: $41 955 399.85 Market share: 0.55% Market share in revenue: $230 207.96 L.A Buffet projected income: L.A Buffet projected income L.A Buffet projected cash flow: L.A Buffet projected cash flow Financing: Financing Start-up cost: $65 000 Equity: $27 000 Bank loan: $40 000 at 8% annually Amortized installment fixed rate loan from the Royal Bank 7 years for repayment Monthly payments of $623.45 Agenda: Agenda Personnel Conclusion Personnel: Personnel Administrative structure: Owner/Manager 2 Chefs 2 Cooks 3 servers Host/bartenders Kitchen assistants Organizational chart: Organizational chart Operation Hours: Operation Hours Open Monday-Friday 11:00 a.m.-11:00 p.m. Open Saturday & Sunday 11:00 a.m. – 12:00p.m Hiring Process: Hiring Process Recruitment: Channel of recruitment Newspaper advertising, Educational institutions, Employment agencies, Walk-ins Job applications forms will be collected based on this, the person with the skills and experience needed would be hired. Hiring process: Hiring process Training: Formal training On-job training for first few weeks. Evaluation &Feedback: The first three months observation of performance Evaluation given each month; Provide guidance for the job; Answering questions, getting or giving feedback. Structure: Structure L.A. Buffet is a creative idea of the sole owner Shafi Simple organizational structure. Accounting and payroll functions done in house by the owner/manager Conclusion: Conclusion New and healthy concept Provide unlimited healthy food Located in South Lethbridge Targeting mid, low income families, students, local business people Questions???: Questions ???