GRP 12 LA buffet

Information about GRP 12 LA buffet

Published on December 12, 2007

Author: Nastasia

Source: authorstream.com

Content

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 ???

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