GRP 12 LA buffet

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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 ???