This document provides a marketing plan for a new Chinese restaurant. It outlines the market needs and opportunities in Karachi for authentic Chinese cuisine. The owner, Mr. Chen, has significant experience in Chinese cooking. The plan details the restaurant's mission, menu offerings, target markets, and positioning as a family-oriented establishment focusing on quality and healthy food. Financial projections estimate it will take 6.4 years and 54,000 customers to break even on the Rs. 4 million investment. The marketing mix and strategy focus on word-of-mouth promotion due to a limited budget.
Before you start writing your bakery business plan, spend as much time as you can to reading through some samples of food and restaurant business plans. Not only will that give you a good idea of what it is you’re aiming for, but it will also show you the different sections that different entrepreneurs include and the language they use to write about themselves and their future plans.
We have created a sample bakery business plan example for you to get a good idea about how a perfect bakery business plan should look like and what details you should include in your business plan.
Source: https://upmetrics.co/template/bakery-business-plan-example
Before you start writing your bakery business plan, spend as much time as you can to reading through some samples of food and restaurant business plans. Not only will that give you a good idea of what it is you’re aiming for, but it will also show you the different sections that different entrepreneurs include and the language they use to write about themselves and their future plans.
We have created a sample bakery business plan example for you to get a good idea about how a perfect bakery business plan should look like and what details you should include in your business plan.
Source: https://upmetrics.co/template/bakery-business-plan-example
Before you start writing your food truck business plan, spend as much time as you can to reading through some samples of food and restaurant business plans. Not only will that give you a good idea of what it is you’re aiming for, but it will also show you the different sections that different entrepreneurs include and the language they use to write about themselves and their future plans.
We have created a sample food truck business plan example for you to get a good idea about how a perfect bakery business plan should look like and what details you should include in your business plan.
Source: https://upmetrics.co/template/food-truck-business-plan-example
Entrepreneurship Assignment:
I always dream of opening a restaurant and make my own
So This project make me realise how i can open one with a lot of research and knowledge.
Comprehensive business plan for a sustainable food truck. I created this plan for my MBA in Sustainable Business. While the business never came to fruition, I hope it may inspire some of you to venture to start your own food truck business. Just make sure it is sustainable! :)
Business plan developed during the Entrepreneurship course in collaboration with Anton Bolotin, Anna Serõna, Daniel Spiridonov, Giacomo Zappoli, Ilja VaŠuta, Marta Suitslepp.
The team is definitely multicultural, with members from Estonia, Italy, Germany and Russia.
Before you start writing your food truck business plan, spend as much time as you can to reading through some samples of food and restaurant business plans. Not only will that give you a good idea of what it is you’re aiming for, but it will also show you the different sections that different entrepreneurs include and the language they use to write about themselves and their future plans.
We have created a sample food truck business plan example for you to get a good idea about how a perfect bakery business plan should look like and what details you should include in your business plan.
Source: https://upmetrics.co/template/food-truck-business-plan-example
Entrepreneurship Assignment:
I always dream of opening a restaurant and make my own
So This project make me realise how i can open one with a lot of research and knowledge.
Comprehensive business plan for a sustainable food truck. I created this plan for my MBA in Sustainable Business. While the business never came to fruition, I hope it may inspire some of you to venture to start your own food truck business. Just make sure it is sustainable! :)
Business plan developed during the Entrepreneurship course in collaboration with Anton Bolotin, Anna Serõna, Daniel Spiridonov, Giacomo Zappoli, Ilja VaŠuta, Marta Suitslepp.
The team is definitely multicultural, with members from Estonia, Italy, Germany and Russia.
Table of ContentsTable of Contents. 2Execu.docxperryk1
Table of Contents
Table of Contents. 2
Executive Summary. 3
Company Description. 3
Industry Analysis. 4
Product Description. 4
Mission Statement 5
Business Objectives. 5
Target Market 5
Competitor Analysis. 5
SWOT Analysis. 6
Marketing Mix. 6
Financials. 8
References. 9
Executive Summary of the Business
The “7 Restaurant” will be a cheaply priced restaurant with a total capacity of 120 seats. The restaurant will be offering common Chinese foods. Some of the Chinese foods that will be available in 7 Restaurant include; sweet and sour pork, Kung Pao Chicken, Ma Po Tofu, Wontons, Dumplings, Chow Mein, Peking Roasted Duck, and Spring Rolls. This list is however not enough but it contains the most known Chinese foods but the customers will be visiting, they will be presented with a menu that contains all variety of Chinese foods.
The restaurant will be owned by me but I will hire a managerial person alongside the kitchen staff members, waiters, and cashier individuals. I personally, I have 5 years experience in the hotel and catering industry. The proposed manager for the restaurant will have relevant experience of 7 years and above in the catering industry. The manager will then appoint the qualified individuals to lease food on the three retail centers of the restaurant. I chose the three retail centers because they were previously used as hotels and they used to offer some Chinese foods as well but they collapsed due to bankrupts. Since they are well known, they will act as strategic points for our customers. But it’s a fact that the centers will have to be renovated first before they start operating (Chambers, & Humble, 2017).
Introduction
My locality is generally a tourist attraction area with the majority of the tourists being Chinese. When looking at the existing restaurants, there is not even a single restaurant that specializes in providing Chinese foods only. According to my market research, I found that almost 60% of the tourists aren't satisfied with the quality of food and services they get from the existing restaurants. One of the popular claims from the tourists is that they are served with poor quality cooked Chinese foods if they happen to be available. Most of the time, they are forced to eat western foods due to lack of Chinese foods in the existing restaurants. Before joining college, I personally happened to work in a Chinese restaurant for not less than 5 years and I am fully acquainted with everything as far as Chinese food is a concern. As a business-oriented student, I identified this as a business opportunity. From my projections, other things remaining constant, in my quarter fiscal year, I will be generating a net profit of $500,000 and if all goes well, I will pay back the restaurant starting loan in two years time so that everything becomes my asset. My catering experience on Chinese foods, my business and m.
Bridging the Digital Gap Brad Spiegel Macon, GA Initiative.pptxBrad Spiegel Macon GA
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# Internet Security: Safeguarding Your Digital World
In the contemporary digital age, the internet is a cornerstone of our daily lives. It connects us to vast amounts of information, provides platforms for communication, enables commerce, and offers endless entertainment. However, with these conveniences come significant security challenges. Internet security is essential to protect our digital identities, sensitive data, and overall online experience. This comprehensive guide explores the multifaceted world of internet security, providing insights into its importance, common threats, and effective strategies to safeguard your digital world.
## Understanding Internet Security
Internet security encompasses the measures and protocols used to protect information, devices, and networks from unauthorized access, attacks, and damage. It involves a wide range of practices designed to safeguard data confidentiality, integrity, and availability. Effective internet security is crucial for individuals, businesses, and governments alike, as cyber threats continue to evolve in complexity and scale.
### Key Components of Internet Security
1. **Confidentiality**: Ensuring that information is accessible only to those authorized to access it.
2. **Integrity**: Protecting information from being altered or tampered with by unauthorized parties.
3. **Availability**: Ensuring that authorized users have reliable access to information and resources when needed.
## Common Internet Security Threats
Cyber threats are numerous and constantly evolving. Understanding these threats is the first step in protecting against them. Some of the most common internet security threats include:
### Malware
Malware, or malicious software, is designed to harm, exploit, or otherwise compromise a device, network, or service. Common types of malware include:
- **Viruses**: Programs that attach themselves to legitimate software and replicate, spreading to other programs and files.
- **Worms**: Standalone malware that replicates itself to spread to other computers.
- **Trojan Horses**: Malicious software disguised as legitimate software.
- **Ransomware**: Malware that encrypts a user's files and demands a ransom for the decryption key.
- **Spyware**: Software that secretly monitors and collects user information.
### Phishing
Phishing is a social engineering attack that aims to steal sensitive information such as usernames, passwords, and credit card details. Attackers often masquerade as trusted entities in email or other communication channels, tricking victims into providing their information.
### Man-in-the-Middle (MitM) Attacks
MitM attacks occur when an attacker intercepts and potentially alters communication between two parties without their knowledge. This can lead to the unauthorized acquisition of sensitive information.
### Denial-of-Service (DoS) and Distributed Denial-of-Service (DDoS) Attacks
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1.Wireless Communication System_Wireless communication is a broad term that i...JeyaPerumal1
Wireless communication involves the transmission of information over a distance without the help of wires, cables or any other forms of electrical conductors.
Wireless communication is a broad term that incorporates all procedures and forms of connecting and communicating between two or more devices using a wireless signal through wireless communication technologies and devices.
Features of Wireless Communication
The evolution of wireless technology has brought many advancements with its effective features.
The transmitted distance can be anywhere between a few meters (for example, a television's remote control) and thousands of kilometers (for example, radio communication).
Wireless communication can be used for cellular telephony, wireless access to the internet, wireless home networking, and so on.
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Executive Summary:
Mr. Chen Leon Tang is a Chinese National an expert cook who is interested in opening a Chinese
Restaurant in Karachi. He has the capital of Rs. 4,000,000.
Mr. Tang has directly invested Rs. 2,600,000 in the business and hold back Rs. 1,400,000 for Working
Capital Management.
He rented a bungalow in PECHS, and paid Rs. 900,000 to land-lord as security deposit. His main investment
was on fixtures. He hired 6 people to run the restaurant from which 2 are chefs.
The location of the restaurant is surrounded by the residential bungalows, where he estimated 200,000
potential customers.
Mr. Tang’s is following the long term financial objective therefore he carefully prices the menu because he
understands that there is good market growth for his business in 5-6 years time.
The Restaurant has a clear mission of treat customer on best possible levels for earning repeat business.
Mr. Tang’s offering includes 100 + selected meals and desserts with the average item cost Rs. 283. Mr.
Tang set his contribution margin for the 1st
year is 15% which he has the plan to rise in the coming years in
ration with the operating cost.
Mr. Tang’s Marketing objectives include advertisement and events arrangements, but since he cannot
afford to spare large marketing budget he is mainly he is relying on word of mouth.
The estimated sales and income statements for the restaurant is attached, which predicts that it would
take about 6.4 Years / 54,000 customers to Mr. Tang to break even with the total cost (investment).
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Market Needs:
• The City of Karachi has great potential for cultural diversified foods. The Karachitees love food and they
like to experience in it.
• There are almost 50+ Chinese Restaurants are operating in city, but small quantity of them are truly
satisfying the taste and requirements of their customers.
• Most of the Chinese Restaurants operating in the City are run by the Locals,
• There is a need for a truly significant Chinese restaurant which is operating under native Chinese chefs.
• Mr. Chen Leon Tang is the Chinese National. He has experiences in Chinese cooking. It would give him a
opportunity to fill the market need.
• The consumers will feel the difference and an exciting experience.
Market Analysis
Growth 2009 2010 2011
Potential Customers
Adults 5% 100,000 105,000 110,250
Teen age 4% 65,000 67,600 70,304
Office employees 2% 3,000 3,060 3,121
Total 4.56% 168,000 175,660 183,675
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Market Trends:
• There is a Market Trend rising that people try to choose healthy food rather than the junk food.
• This Market Trend is arising due to various diseases such as cardiac arrest, high cholesterol etc which
occurs due to the high cholesterol fast foods.
• The media is vibrant on this issue also.
• On the other hand, Chinese food are world-wide renowned for their healthy ingredients which are not
only good for stomach but also good for the health.
• The Trend of taking healthy food will continue to grow in the future.
Market Growth:
• There is an overall Market Growth seen in the restaurant segments.
• There are many international fast foods chains are successfully operating in the market.
• The growth in Target Market of Chinese Restaurants is also good.
• There is a segment of people who enjoy the calm environment for their eating out and gatherings.
• The Chinese Restaurant is the place where one can experience the eastern cultural values.
Mission:
• Our mission is to delight the customer with our service and food.
• Provide customer the welcoming environment where they feel comfortable to experience new food
• And offer them the best value for their money, profitably!
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Service Offering:
The Restaurant will offer Chinese dishes with variations menus in Chopsuey, Fish, Prawn, Wonton, Chicken,
Beef, Noodle, Rice, Hot & Cold Drinks, Ice-cream and Various Soups.
Positioning:
• The main positioning of the restaurant is focused on the family oriented peace full, healthy and quality
dine out experience.
• The overall positioning is the value added customized service where customer is valued and respected.
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SWOT Summary:
The expertise of Mr. Tang in Chinese cooking is the main strength of restaurant, where he is confident for the
repeat business. The offering includes variety of Chinese dishes the area is suited for the restaurant but to
initiate the business the larger operational expenses would be required to meet the quality as well as the
economical crises.
Strengths:
• Mr. Chan Leon Tang has his true expertise in the area of Cooking Chinese Dishes.
• He is confident that his experience and expertise is better than anybody in this particular area.
• We offer home delivery in the 2 km surrounding area.
• Through our website, customers can learn more about the healthy food and take advantages of
learning about the ingredients we use in our food.
Weaknesses:
• Additional funds are needed to maintain the quality of the experiences offered and meet future
program demands.
• We don't have large budget of marketing therefore we first rely on word of mouth.
• The training and orientation of new staff is required.
Opportunities:
• The area of PECHS is strategically is on good location for Restaurant, as it is surrounded with
bungalows, and the income level of people are very good.
• In general people like to dine out and caring out different events in restaurants, therefore the
opportunities are obvious.
• There is no Chinese restaurant in that area who is offering home delivery.
Threats:
• Economy: full recovery from current recession may take time.
• The BBQ spots: offering traditional BBQ food to people on fewer prices than ours.
• Load Shedding: cost more capital to maintain the Air conditioning environment hence disturbs price
structure as well.
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Financial Objectives:
• To always maintain a minimum cash balance of Rs. 100,000.
• To achieve sales of Rs. 15,000,000 in year one
Marketing Objectives:
• The objective is to provide a experience of eating Chinese food in a relaxed environment to as many
people as possible.
• On average basis the objective is to gain business twice a month from a single customer, whether it's
dined in or take away.
• The objective is to aware people about the benefits of healthy food through website and other media.
Target Market Strategy:
• The first target market strategy is the families and couples to enjoy meal at restaurant.
• The second target market strategy to introduce meals to the teen age group who spend 200 to 500 on
BBQ and on Fast food.
• Third Target market strategy is to introduce our menus in the surrounding companies head offices
residing the neighborhood bungalows for their business lunch orders delivery.
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Branding:
With our kind of offering, branding is a slow process of word of mouth and repeat business. We do however
need to use the logo on our website and on promotional brochures which depicts the importance of healthy
diet. We also need to always work towards establishing ourselves as the acknowledged experts in our field.
Messaging::
Adults: Taking healthy and balance food helps nurturing better family and relationship.
Teen age: Hygienic and low fat food is good for developing minds.
Office employees: Develop better relationship with your customers by offering them healthy
Business lunch.
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Marketing Mix:
Product Marketing:
Product: high quality and healthy food accompanied by personal service, differentiated from competition quality with
the overall brand strategy has proven to be a successful approach generating high levels of repeat business.
Pricing:
Our pricing needs to match our positioning, we cannot afford high end or cheap prices therefore we go for the economical pricing
strategy:
The average pricing of the most demanded items are as follows: -
• Average Soup Menu Price: Rs. 270
• Average Choupsuey Menu Price: Rs. 283
• Average Fish Menu Price: Rs. 357
• Average Prawns Menu Price: Rs. 344
• Average Chicken Menu Price: Rs. 295
Promotion:
• Our Promotion Strategy focus on html based Emails about our meals, menu additions, update menu pricing and services to
our customers.
• The email addresses will be obtained through the feedback forms which we bring with the bill to the customer.
Advertising:
• We do not have a large advertising budget and will not be advertising in the print media. Instead we distribute
our brochures in the target market through newspaper hawkers.
• We also focus on Social Responsibility Marketing by inviting hospitalized children for free lunch and offering
single free lunch coupons to neighborhood school children so they bring their parents for lunch, etc.
• This campaign can help gaining the restaurant respect in the area, brand recognition and print media coverage
as well as it will help attracting new families to visit the restaurant.
Implementation:
We will manage implementation by having a weekly meeting with the staff to make sure that we are on track with our
plan.
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Financials:
Total Budget 4,000,000
Hold Money for Working Capital Management 1,400,000
Safety Deposit (Land lord) 900,000
Balance 1,700,000
Supplies & Purchases
A/Cs 208,000
Gen-sets 700,000
Cutlery 150,000
Carpet & Decoration 20,000
Cooking Range 20,000
Deep freezer & Fridge 30,000
Furniture 200,000
Stationary & Printing 5,000
Computer & Communication 25,000
Misc 5,000
Section Total 1,363,000
Balance 337,000
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Product Costing :
(Raw Material + Carriage in)
Avg. Soup Menu Cost ……………………………………. 229
Avg. Choupsuey Menu Cost …………………………. 241
Avg. Fish Menu Cost …………………………………….. 303
Avg. Prawn Menu Cost…………………………………. 292
Avg. Chicken Menu Cost………………………………. 251
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Income Forecasts:
Forecasted Income Statement
2009
Sales 1,017,105
Cogs 884,439
Gross Profit 132,666
Operational Expenses:
Fix Cost
Rent 150,000
Utilities 40,000
Salaries (x 6) 90,000
Section Total 280,000
Marketing & Promotional Expenses:
Brochures Printing & Distribution 15,000
Special Invitation & Free Coupons 20,000
Banners & Signboard 20,000
Section Total 55,000
EBIT (202,334)
EAT (202,334)
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Forecasted Income Statement
2010
Sales 2,901,550
Cogs 2,523,087
Gross Profit 378,463
Operational Expenses
Fix Cost
Rent 160,000
Utilities 50,000
Salaries (x 6) 96,000
Section Total 306,000
Marketing & Promotional Expenses
Brochures Printing & Distribution 5,000
Special Invitation & Free Coupons 10,000
Banners & Signboard -
Section Total 15,000
EBIT 57,463
Income Tax 5% 2,873
EAT 54,590
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Forecasted Income Statement
2011
Sales 9,777,096
Cogs 8,501,823
Gross Profit 1,275,273
Operational Expenses
Fix Cost
Rent 170,000
Utilities 60,000
Salaries (x 6) 102,000
Section Total 332,000
Marketing & Promotional Expenses
Brochures Printing & Distribution 5,000
Special Invitation & Free Coupons 10,000
Banners & Signboard -
Section Total 15,000
EBIT 928,273
Income Tax 5% 46,414
EAT 881,860
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Contribution Margin:
If the restaurant sets higher price its sales will affect, and if restaurant sets the lower price so its profits. Therefore the
restaurant should set moderate price and search ways to lower fixed and product cost to achieve the Target Profit.
Contribution Margin 2009 15%
Contribution Margin 2010 18%
Contribution Margin 2011 21%
Break-even Analysis:
• To Break-even with total investment of 4,000,000 the restaurant has to serve 54,000 customers.