SHIANNAS BBQ will be an eat-in, take out restaurant. We will also offering delivery service for anyone looking for some good Filipino-style BBQ brought to the front door. Unlike other BBQ restaurant in other restaurant will provide a unique combination of exceptional food and value pricing. From the many people that just want some good grub SHIANNAS BBQ will be the price to go. Having friendly customer service is one e service and great food is how we are going to gain the trust and loyalty that we need customers. 1.1.2 MISSION To provide a type of BBQ experience that is unique and different then any other BBQ restaurant. From our delicious smoke food to our one of a kind customer service we will strive to give the guest that walks throught our doors the best BBQ experience they have ever had. 1.1.3 BUSINESS CONCEPT We will taking over a pre existing company called SHIANNAS BBQ. This going to allow us to take advantage of the growing customer that has already been set up by previous owners. Combining our new business foundation is the reason we believe that will meet our entire short and long term objectives.
1.1.4 SHORT AND LONG TERM GOALS OF SHIANNAS BBQ
SHORT TERM GOALS Our short term goals include branching out to new marketing demographics, new customer bases, and continuing to provide top natch BBQ food to customer at a lower price than all of our competition. We will be advertising more to schools and offices in order to capitalize on our business location LONG TERM GOALS Our long term goal are fairly simple. We want to be know as the best BBQ restaurant in all of Taguig City. We want to be one of the best restaurant that compete in BByQ competitions around the Philippines. Ultimately we hope to make a name for ourselves in order to open new location around Tauig City.
BUSINESS PLAN 2 [Date] 1.2 MARKETING STRATEGIES
1.2.1 TARGET AUDIENCE Our target audience working in call center leaving in condo in taguig and offices around the taguig area.
1.2.2 COMPETITION
1.2.3 MARKETING STRATEGIES Our heaviest advertising will come throught word of mouth of customers. This can happen throught social media like facebook, twitter, Instagram etc. We can provide coupons to be sent through Value Ad and other local coupons in magazine. Local newspaper and internet advertising could be added in the future depending on success. 1.2.4 ORGANIZATIONAL CHART
OWNER EMPLOYEE EMPLOYEE MANAGER EMPLOYEE EMPLOYEE BUSINESS PLAN 3 [Date]
1.3 FINANCIAL SUMMARY
1.3.1 NEED SUMMARY A current location with restaurant renovation is currently for sale for P40,000. Since it is already equipped with the necessary assets to run a restaurant minimal start up cost will be needed. With these numbers in mind as well as support from a franchised business, a loan of P100,000 will provide us with enough to cover needed expenditures to open for business. 1.3.2 REVENUE MODEL Concept: we plan to try to keep low to make affordable barbeque for the people working in the Taguig area with average to low income. We want to keep prices for individual meals to where 50% of the sales cover the food costs while, 40% go towards other expenses like payroll, utilities, repairs, and other miscellaneous expenses. The final 10% will be kept as a reserve in case of increased or unexpected expenses. Pros Lower pricing will draw more interest from employee working around the Taguig area where our restaurant. Cons Keeping prices lower will keep us from being able to make larger amounts of profit. Forcing loans to be longer liabilities. 1.3.3 ASSUMPTIONS AND CONCEPTS Payroll First of all owners have agreed to limit owner withdrawal to P92,000 per owner for each month. This amount of P316,000 pesos each year. Projection BUSINESS PLAN 4 [Date] These are taken from average of restaurants in Taguig City area targeting the same type of consumers CATERING For catering there will be P50,000 pesos set up and tear down cost. we try to keep it at 1/3 of pound per person at an average rate of P50,000 pesos per pound of food if you are trying to feed 100 people the cost for everything would be around P100,000 pesos to P200,000 pesos. We will offer this service to parties as large as 250 people to parties as large as 50 people. DELIVERY One advantage of our location is that we are in a central position in Taguig City. This allows us to have a service that most other BBQ restaurant in this area do not we will deliver our delicious food right to your door for an additional cost of 50 pesos delivery fee when the area is very far to our restaurant. BBQ COMPETITIONS We will also attend international and philippined wide BBQ convention. These convention allows us to advertise our product to a different audience. These convention bring in an average of 200,000 pesos in revenue, however the advertisement that our business receives from these events is the real reasons we attend.
BUSINESS PLAN 5 [Date] 1.4 SWOT ANALYSIS
Strength Strong relationship with vendors that offer high quality ingredients and fast/frequent delivery schedules. Excellent staff who are high trained and very customer attentive. Great location that is bright, hip, clean, and located near offices and condo units. High- quality food offerings that exceed competitions offerings in quality presentation and prices. Weakness A limited marketing budget to develop brand awareness. The struggle to continually appear to be cutting edge. Opportunities Growing market with significant percentage of the target market still not aware that SHIANNAS BBQ exist. Increasing sales opportunities in take out business. The ability to spread overhead over multiple revenue center Threats A slump in the economy reducing customers disposable income spent on cutting out. BBQ restaurant chains found in other market in metro manila. Competitions from international and local restaurant in the metro manila.