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Group6_PinkBakes.pptx

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Group6_PinkBakes.pptx

  1. 1. PINK BAKES A HOME BASED BAKERY Presented By: Group 6 Rajiv Suresh Nair Sahara Shrestha Keviinesh M Balamuthu Sivaranjini Sivaraman
  2. 2. Our Team General Manager RAJIV Administration & Finance Dept SAHARA Procurement & Marketing Dept S.SIVARANJINI KEVINESH Production & Technical Dept
  3. 3. Table of Contents 01 INTRODUCTION 02 03 04 PROBLEM STATEMENT OBJECTIVES SCOPE OF WORK 05 06 07 09 08 CONCLUSION SOURCE OF FUNDS FINANCIAL FORECAST DISCUSSION LITERATURE REVIEW
  4. 4. Our Company We manufacture and sells high-end baked products to clients. We sell both pre-made and custom confections PINK BAKES
  5. 5. Introduction ABOUT PINK BAKES 01
  6. 6. Introduction • The primary goal of this project is to create a home based bakery in Nilai that is distinct from others presently in operation. • The bakery will be known as ‘Pink Bakes,' and it will provide a variety of confectionery goods that will be tailored according to client demands, with a broad selection of toppings and flavours to pick from. • Pink Bake is a bakery that introduced in 2021. This company was introduced by four entrepreneurs. The four entrepreneur invested their own money for the registration of the Company. • Pink Bakes company based in Nilai, Malaysia, that manufactures and sells high-end baked products to clients. We sell both pre-made and custom confections created using Malaysia products.
  7. 7. • Additionally, Pink Bakes will provide gluten-free, organic, lactose intolerant and low-fat options. We do sell ice cream cakes, fruit cakes and all kind of cakes that requested by the customers. • Pink Bakes is a home based bakery, everything will be delivered to customer’s door upon their order. The cost of the project will be determined by a variety of criteria, including baking apparatus costs such as ovens, blender, and bikes for delivering, among others. • We took a loan in the bank to buy all these items for our business. Different kind of cakes are included in the proposed product mix. There are presently no high-end bakeries or venues in Nilai or the broader Nilai region that offer dietary cakes and vegan cakes. Cont.
  8. 8. Problem Statement In this midst of pandemic, every business has affected too much. Opening a business now is a big risk now. Moreover, there are no a lot of bakery option available for people residing in Nilai. Pink Bakes will resolve all the worries of residents by providing the customers interested and custom made cakes. Moreover, these cakes will sold in a very reasonable price so everyone could afford it.
  9. 9. Objectives • By selling and wholesaling delectable cakes, we hope to provide distinctive confectionery goods and services to Nilai and the surrounding community. • Pink Bakes is a cake firm that specializes in offering high- quality cakes to a wide range of clients. As we retain our focused differentiating strategic position in the food and education industries, we focus on the high-end market of products. • Our goods are reasonably priced, and they are based on high-quality ingredients, outstanding flavor and taste, distinctive design, and excellent customer service. • We strive to maintain a welcoming, creative, and equitable workplace that values diversity, hard effort, and innovative ideas. We intend to generate profit to provide a fair return for us and to expand the business into other surrounding communities.
  10. 10. Scope of work The scope of work of the Pink Bakes is in Retail and Subscription basis. • Retail Tuesday through Saturday, from 10 a.m. to 6 p.m., the retail component of the business serves customers by providing them the cake they order in prior. Cakes which are either pre-made or made-to- order will be sold in our home based cake business. • Subscription the Subscription basis work as, if a customer make a monthly subscription, every month on the date of the customer subscribed their choice of cake or pastries will be delivered to their door. There are 3 types of subscription monthly, weekly and daily. The customer can customize their order according to their choice.
  11. 11. Literature Review In all industrialised nations, the baking business is divided into four segments: retail, wholesale, in-store, and food service. Wholesale bakeries are the industry's backbone. A retail bakery is a low-volume operation that produces and sells a range of baked products to customers from the same location. Although many retail bakeries now provide whole-grain and multigrain breads, taste remains a top concern for retail bakery customers. Cake, bread, and associated goods, frozen bakery products, and crackers and cookies are the three divisions of the wholesale baking business. A wholesale bakery usually has large manufacturing facilities and sells to consumers through retail outlets like grocery shops and food stores (Cauvain and Young, 2006, pp.5).
  12. 12. Conclusion On the one hand, this experience has shown that innovation in haute cuisine often stimulates demand for complementing foods like bread, bakery, and pastry. Innovative chefs are looking for innovative goods and techniques that will meet customer expectations for healthy diets and functional qualities in bread, bakery, and pastry items, as well as restorative services. On the other side, we're seeing science and technology play a more important role in developing acceptable solutions to fulfil these consumer and chef needs.
  13. 13. 02 Financial Forecas
  14. 14. • Expecting 70 customers only in the first year and expected to double every year. • Taking loan of RM 8000 and paying total interest of RM 640 every year for five years i.e, RM 133.3 per month. • Total inflow in the first year is expected to be RM 8400 and double every year. • Total outflow will be of RM 16,864 at beginning of the business and decrease by the end of year 1 and increase again in the following year. • After calculating Total fund and deficit/surplus after total inflow and outflow. By the end of Year 1, we would have the current account of RM 536
  15. 15. Summary of Financial Forecast • As a small-scale business, working in an exclusive locality, PinkBakes is expected to have a slow start • Incurs a minor loss in first year • Turns a slight profit in the second year, with a 14% increase from the previous year • Gains a substantial profit in the third year, increasing progressively following that. • Even with increase in costs, the revenue has been calculated to increase with each passing year, keeping the business afloat and profitable.
  16. 16. Project Plan ● In order to successfully execute business plan: ○ Determining what product/service to offer ○ Identifying the product niche in the market and demand of service ○ Setting financial targets to be achieved for sustainability of business
  17. 17. Product Identification ● As a small-scale business with no retail outlets ○ Limited options to provide services ○ Knowledge in cooking and baking ■ Cooked meals are abundantly found ■ Need to be served hot ■ Baked goods last longer ■ Known to be associated with happiness and celebration
  18. 18. Market Analysis ● According to survey results, a majority of people: ○ Are living in Negeri Sembilan ○ Like sweets and confections, including cakes ○ Would like options to have desserts their way ○ Think that they are paying too much for too less ○ Would like a service that ■ Allows them to decide all aspects of the cake ■ Have the cake delivered to their homes
  19. 19. Financial Targets ● Customers are of two groups: ○ Student ○ Working Adults w/ families ● Maximum sales expected during seasonal celebrations (Mar, Apr and Dec) ● Annual increase in sales – 10% ● Income Tax rate – 35%
  20. 20. Implementation Plan ● Methodology of realizing the business plan in the market ● This is done by ○ Identifying the possible throughput of business ○ Procuring financial aids to purchase operational goods ○ Creating an organizational structure to assign roles in the team
  21. 21. Capacity Plan ● Tools while starting the company ○ One commercial oven – for baking the cakes ○ One motorcycle – for delivering the products to the customer ● Production limits ○ Oven capacity is 5 cakes simultaneously ○ Delivery motorcycle can carry 2-3 cakes
  22. 22. Capital Work Program ● Via Founders: Seed Capital – RM1,000 Used to register the company at the SSM ● Via Banks: Loan – RM8,000 5y (60mo) @ 8% p.a. Used to purchase operational tools such as ovens and delivery vehicles
  23. 23. Organizational Structure
  24. 24. Source of Funds Founders Bank Loan ONE TIME Company Revenue CONTINUOUS
  25. 25. DISCUSSION / CONCLUSION • PinkBake is a bespoke cake delivery service. • It is a small-scale business. • Based in Nilai, serving it and neighboring locales. • Serves a niche not fulfilled in its service radius. • Projected to succeed as a business according to a survey.
  26. 26. CREDITS: This presentation template was created by Slidesgo, including icons by Flaticon, and infographics & images by Freepik. Thanks!

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