devilish delights
DESCRIPTION
Devilish Delights. Devilish Delights . Jada Castillo & Sydney Lindsey Grade: 11 th Age: 16 & 17. Mission Statement. Mission Statement - PowerPoint PPT PresentationTRANSCRIPT
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Devilish Delights
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Devilish Delights
Jada Castillo & Sydney Lindsey
Grade: 11th
Age: 16 & 17
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Mission Statement
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Mission Statemento We strive to ensure everyone can enjoy a dessert
both delicious and to their liking. There are wide varieties of people with different eating habits and
Devilish Delights guarantees that no one is excluded.
Opportunityo We are able to provide sweets that are both flexible
to your eating habits and delicious at the same time. Maybe you are gluten intolerant or a vegan. Our bites are not only tasty, but are put on a stick for a fun and convenient twist.
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Business Profile Type of Businesso Retail
o Our business provides rich tasting cheese cake bites on a stick
o We make them gluten free for those who are gluten intolerant and health conscious
o Vegans aren’t excluded either because of our specially made vegan cheese cakes
Legal Structureo Partnership
o Combined skills benefit the company
o We will share profits and ideas
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Qualificationso We are qualified to run this business because:
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15 years of cooking experience (combined)
Will have our ServSafe Certification
Have excellent customer service skills
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Market AnalysisIndustry Name Catering Services
Industry Size $7 billion
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Total Population Connecticut
Target Market Middle to upper income adults with an average household income of $35,000 or greater
Potential Market We plan to target 5% our first year of business
3,580,709
2,934
58,685
Total Population
Target Market
Potential Market
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• Demographicso Middle to upper income adults
with an average household income of $35,000 and greater
• Geographicso Connecticut
• Psychographicso party planners, people with a sweet
tooth, those who enjoy social gatherings, etc
• Buying Patterns• Willing to spend what it takes for
appetizing, specialty desserts
Target Market Segment
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Competitive Advantage
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Devilish Delights
Juniors Most Fabulous
Cheese Cakes and Desserts
The CheeseCake Factory
Affordable
Quality of Product/Service
Price
Location
Reputation/Brands
Unique Factors/Knowledge
Expensive Affordable
Good Very Good Excellent
Variety Don’t just serve cheese cake
Bites on a stick;
customizable
Online Nationwide Online
Good Very good Excellent
Factors
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Marketing Mix
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People Product Place Price Promotion
Adult males and females with an average yearly income of $35,000+
• Business cards• Website• Word of mouth• Social networking
Connecticut
Customizable bite size cheese cakes on a stick (gluten-free/vegan/regular)
Affordable prices
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Promotional Mix
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Advertising Business cards, website $30.00
Publicity Word of mouth, Facebook, website, Twitter $0.00
Personal Selling
Taste testing in Whole Foods store, local Farmer’s Markets, Chambers of Commerce
$35.00
Sales Promotion Holiday/ event discounts $10.00
Other Philanthropy tags/ pins $3.00
Total Monthly Promotional Expense $78.00
Promotional Expense MonthlyAmount
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Cost of Materials/Labor
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MaterialsMaterial Description Cost/Total Quantity Cost per Unit
Box $7.75/25 $0.31
Cellophane $3.30/1 roll $0.12
Cupcake Liner $0.59/20 $0.36
Pretzel stick $1.47/34 $0.48
Cheese Cake Recipe $10.22 $10.22
Total Material Cost per Unit $11.49LaborLabor Cost per Hour Time (in Hours) to
Make One UnitLabor Cost per Unit
$8.25 10 mins. Or .16 hr $1.32Total Labor Cost per Unit $1.32
COGS (per Unit) $12.81
One dozen pack of cheese cake bites (Vegan, Gluten-free, Regular)
Description of One Unit of Sale:
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Economics of One Unit
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Selling Price (per Unit) $30.00(plus shipping and handling)
COGS (per Unit) $12.81
Other Variable Expenses (per Unit) $0.00
Total Variable Expenses (per Unit) $12.81
Contribution Margin (per Unit) $17.19
Description of One Unit of Sale:
One dozen pack of cheese cake bites (Vegan, Gluten-free, Regular)
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Average Monthly Fixed Expenses
Fixed Expense Average Monthly Expense
Insurance ($250K Liability) $37.50
Salary $100.00
Advertising $78.00Depreciation (Laptop, Cell phone, Fridge, Oven, Baking Equipment)
$25.36
Rent/ Utilities (commercial kitchen) $100.00
Total Average Monthly Fixed Expenses $340.86
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Time-Management PlanSchedule for a Typical Week
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Total Hours in a Week = 168
School
New Business
Work
Free Time
48
25
42
53 Hours
Hours
Sydney
School
New Business
Work
Free Time
48
33
37
50 Hours
Hours
Jada
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Monthly Sales ProjectionsFirst Year
020406080
Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
Uni
ts S
old
15
Total Units Sold
454
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Monthly Break-Even Units
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In an average month, the company will begin to make a profit after selling units.20
$340.86 $17.19
= 20
Monthly Fixed Expenses =Contribution Margin per Unit
Monthly Break-Even Units
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Projected Yearly Income StatementFirst Year
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Selling Price per Unit $30.00
Number of Units Sold 454
Total Sales $13,620.00
Variable Expenses $5,815.74
Contribution Margin $7,804.26
Fixed Operating Expenses $4,090.32
Pre-Tax Profit $3,713.94
Taxes @ 15% $557.09
Net Profit $3,156.85
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Start-Up InvestmentStart-Up Expenditures
Item Where Will I Buy This? Cost
Start up ingredients and materials
BJ’s $150.00
Computer and Cell phone
Rent-A-Center/ T-Mobile Already own
ServSafe Certification Culinary School $350.00
Partnership Agreement Weber & Myers, LLC $150.00
Business Cards Vistaprint.com $19.99
DBA City of Hartford $10.00
Total Start-Up Expenditures$660.00
Cash ReservesEmergency Fund $ 330.00Reserve for Fixed Expenses $ 1,022.58
$2,012.58Total Start-Up Investment18
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ROS & ROIROS: Return on Sales
For My Business: DollarEquivalent =
19
ROI: Return on Investment
For My Business: DollarEquivalent =
$3,156.85 $13,620.00 X 100 = 23%
$3,156.85 $2,012.58 X 100 = 157%
$0.23
$1.57
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Financing Strategy
Source Amount Debt Equity
Personal Savings $1,012.00
Relatives/Friends$1,000.58
Totals $2,012.58
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$2,012.58Total Start-Up Investment
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Business Responsibility& PhilanthropyPhilanthropy
o We plan to give 3% of our net profits to UNICEF Humanitarian Hunger Relief For Children
Business Responsibilityo Advertising it on the company website
o On posters around the community
o Putting it on our business cards
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Business & Personal Goals
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Hire employees for larger jobs
Create contests to help with business sales and reputation
We plan to go to college to further our education
Run the business part-time to earn extra money during our college years
Business Personal
Open a store front or studio where we could work in a business environment
Expand to neighboring states other than Connecticut
Shor
t-Ter
mLo
ng-T
erm J: I plan to pursue a job
in Criminal Justice or the Arts
S: I plan to pursue a job in Physical Therapy
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There’s a little DEVIL in every bite.
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Thank you for your consideration.
Devilish Delightswww.DevilishDelights-Bites.webs.com
Website Under Construction!!