Business Plan OWNERS: Bishoy Meawad Manhattan View Day Spa 100 Old Palisade Rd, #103 Fort Lee, NJ 07024 (201)889-889 (973)998-998 MVdayspa@orl.com MVdayspa.org I. Table of Contents I. Table of Contents ................................................................................................... 3 II. Executive Summary............................................................................................... 4 III. General Company Description ............................................................................ 5 IV. Products and Services............................................................................................ 6 V. Marketing Plan....................................................................................................... 7 VI. Operational Plan .................................................................................................. 16 VII. Management and Organization......................................................................... 21 VIII. Personal Financial Statement ............................................................................. 22 IX. Startup Expenses and Capitalization ................................................................ 23 X. Financial Plan ....................................................................................................... 24 XI. Appendices ........................................................................................................... 27
Kudler is planning to have an annual revenue increase by 5% within 12 months breaking it down to four categories. A quarter percent gain is anticipated in the projects launch as well as the training of employees’. Profits will increase by a half of a percent during the assessment and alteration of the project with the promotion of the Frequent Shopper Program taking place at this time as well. In each phase of the development customer satisfaction will increase so will revenue, which will lead to an overall increase of 4.75% (Kudler Fine Foods. (2004). Apollo.).
Livoria Sandwiches Inc. provides exceptional quality sandwiches at a great price. Livoria has been able to maintain profitability since inception and has continued to grow its business and revenues. Recent unforeseen external events have caused significant cash flow issues and shook the family business. Livoria is hoping to see annual net income of $1.1 million by 2015. This report will provide alternatives and the pros and cons of initiating these alternatives. A recommendation of one of the alternatives as well as an implementation plan will be provided to assist in obtaining the goal,
Triple E’s main clients will be local area businesses who require access to marketing and event planning services but have no marketing/planning departments of their own. By focusing on businesses that have these specific needs, Triple E Marketing and Events will be able to provide smaller organizations access to comprehensive and combined event planning and marketing strategies, allowing them to create brand recognition and increased profitability for their businesses.
The company is the corporation’s question mark performer and has the potential of becoming a star performer given the limited competition in the market. The company has the advantage of the parent corporation’s 25-year-old positive reputation as a local family owned business known for the quality of their products.
III. Develop a Private Label Product –Fountain of Youth Spas want SNC to develop their own private label product. In doing this, SNC can expand their nutraceutical products line and increase their sales and consumer base. Sales for 2016 through 218 will increase by approximately 5%, 4%, and 3%. Additionally, it will increase EBIT margin by 2% while increasing SNC’s DSO’s and DSI. This will allow SNC to increase their EBIT while slightly raising their accounts receivable figures. “Selling the private label product to Fountain of Youth Spas increased SNC's EBIT margin, only modestly resulting in increased accounts receivable and inventory balances” (University of Phoenix, 2013, Synopsis).
Sundae Magic, LLC, will be classified as a Limited Liability Company (LLC) due to the personal asset protection and federal taxing procedure this designation provides to its managing members. We will chose to be taxed as a disregarded entity during the start-up phase and will reevaluate this option, considering a corporate tax status, after the business has completed two years of operations. The managing members will consist of myself, Luz Kanwar with a 60% interest in the business, and my business partner Philip Walker with a 40% interest in the business; financial distributions will correlate to percentage of ownership.
Penny Thomas, an Ivey graduate with the help of her daughter, who also is an Ivey graduate, decides to purchase a license to open a Marble Slab franchise in the Great Toronto Area. After paying her fees of $25,000 to the company, she starts thinking of her marketing plan for her grand opening that she has two weeks to hand to the Marble Slab head-quarters in Calgary . So she hired a marketing consultant (me) to help her. First, the corporate capabilities of the company had to be defined, financial capabilities, Marketing capabilities, Operational capabilities and the available human resources. After comprehensively studying the internal capabilities of the company, the external forces affecting the business are analyzed. The two external
Hotels and Restaurants,. (1992). retrieved September 10 2015, from Cornell University Law School Web Site: https://www.law.cornell.edu/wex/hotels_and_restaurants
There are various techniques used to value the organization's financial and business worth. The most common techniques used to value the business are based on accounting and financial principles. The discounted cash flow, Asset based, and relative valuation are useful techniques. The valuations of an organization's worth are performed according to a pre-determined framework best suitable for assessments. Similarly the techniques are not only different in their approach but the results also very on the basis of methodology
The following report is a detailed analysis and diagnosis of the current situation at The Stonington Beach Hotel, Bermuda. Many aspects are considered that include the effect that maintaining the property has on human resources, marketing and the organizational structure of the business. Recommendations are made and then discussed further.
Phoenix Day is a full-service child care/development facility that cares for toddlers from age zero to five. Phoenix Day has historically served low-income families. That being the case, Phoenix Day should attempt to concentrate marketing efforts on two income professional parents. These parents are typically eager in terms of their children's development and are willing to pay to have their children attend the best facilities. They also will be able to be full-pay parents that can withstand the percentage share of income that child care controls.
In business there are no guarantees for success. Skills, knowledge, great motivation and honest evaluation of ability to carry out and then manage the operations are just some of the requirements that determine the probability of the successful project. Success is never automatic and does not rely on luck. There are no ways to foresee or eliminate all of the risks that might affect successful operation of a new business. However detailed planning, thorough analysis and well-carried out organization create good potential for a new business. In the provided case study, we will assess the probability of success for Icedelights franchise in Florida. Analysis will be done through evaluation of each step in the decision making process, close
The announcement of catering delivery from Olive Garden had an effect on the financial statements because of the addition of this service and labor. The additional labor is an additional expense on the income statement; therefore, causing a decline in its operating income and net earnings. Although Darden’s sales increased, the increase in costs and expenses from 2015 to 2016 led to a decrease in net earnings. From the information we have on this new service in one of Darden’s restaurants, our team should inquiry with client on how much labor is required for the service to continue and what can be done to lower expenses or boost sales so that its net earnings can increase in future years.
Descriptions: Carrying Amount of PPE is $163,982, 000, which is made up of the figure of plant &equipment which is $106,560,000 add to the Leasehold improvements which is $57,422,000 come out as the total Plant & Equipment Figure. To be expected that the plant and equipment accounts for more than 50% of total PPE ($106,560,000) for their main operating activity — retailing of home consumer products from stand alone destination sites and shopping
order to make use of their synergies. Price for the Hotel and Entertainment divisions is