The document summarizes a business proposal for a new organic bakery called Care Bakery. It will be managed by 5 partners and specialize in gluten-free, wheat-free and dairy-free baked goods. It provides details on the company, products, target markets, sales strategy and 3-year financial projections, which show increasing sales, profits and profit margins as the bakery grows its customer base.

1. Business Proposal Team Members : Philip, Alex, Esther, Jenny & David

9. Market Analysis The Allergy Group According to HPB survey, 1 out of 5 people suffer from a common food allergy, however many bakeries do not cater to their needs.

10. Market Analysis The Doctor Diet Group For health reasons, many people are warned off certain foods by their doctors because of high cholesterol and blood pressure. Currently the main killer in Singapore is heart disease according to Singapore Heart Foundation Survey. Many Singaporean aged 50+ are going on special diets to prevent heart disease.

11. Market Analysis The Diet Craze Group Singapore HPB start to encourages people to eat only non-gluten flours such as spelt, and to avoid dairy. While this target market is quite large, it is ever fluctuating since most people is making modifications to their diet based on their desire to lose weight.

12. Market Analysis Year 1 Year 2 Year 3 Year 4 Year 5 Potential Customers Growth CAGR The Allergy Group 15% 32,000 36,800 42,320 48,668 55,968 15.00% The Doctor Group 15% 19,200 22,080 25,392 29,201 33,581 15.00% The Dieters Group 15% 48,000 55,200 63,480 73,002 83,952 15.00% Total 15.00% 99,200 114,080 131,192 150,871 173,501 15.00%

15. Start-up Summary

16. Start-up Summary Start-up Expenses to Fund $5,408 Start-up Assets to Fund $187,092 Total Funding Required $192,500 Assets Non-cash Assets from Start-up $175,000 Cash Requirements from Start-up $12,092 Additional Cash Raised $0 Cash Balance on Starting Date $12,092 Total Assets $187,092 Liabilities and Capital Liabilities Current Borrowing $0 Long-term Liabilities $173,000 Accounts Payable (Outstanding Bills) $0 Other Current Liabilities (interest-free) $12,000 Total Liabilities $185,000 Capital Planned Investment Untitled $0 Partners investment $7,500 Other $0 Additional Investment Requirement $0 Total Planned Investment $7,500 Loss at Start-up (Start-up Expenses) ($5,408) Total Capital $2,092 Total Capital and Liabilities $187,092 Total Funding $192,500

19. Sales Forecast

20. Sales Forecast Year 1 Year 2 Year 3 Sales Breads $75,900 $96,000 $120,000 Coffee/Beverages $36,400 $48,000 $60,000 Lunch Items (Soups & Sandwiches) $80,000 $96,000 $120,000 Pastries/Sweets $59,400 $84,000 $100,000 Total Sales $251,700 $324,000 $400,000 Direct Cost of Sales Year 1 Year 2 Year 3 Breads $22,770 $28,800 $36,000 Coffee/Beverages $10,920 $14,400 $18,000 Lunch Items (Soups & Sandwiches) $32,000 $38,400 $48,000 Pastries/Sweets $23,760 $33,600 $40,000 Subtotal Direct Cost of Sales $89,450 $115,200 $142,000

21. Profit and Loss

22. Profit and Loss

23. Profit and Loss Year 1 Year 2 Year 3 Sales $251,700 $324,000 $400,000 Direct Cost of Sales $89,450 $115,200 $142,000 Other $0 $0 $0 Total Cost of Sales $89,450 $115,200 $142,000 Gross Margin $162,250 $208,800 $258,000 Gross Margin % 64.46% 64.44% 64.50% Expenses Payroll $105,000 $115,500 $127,050 Sales and Marketing and Other Expenses $13,040 $14,640 $16,640 Depreciation $3,492 $3,492 $3,492 Utilities $519 $600 $800 Insurance $1,800 $2,400 $2,800 Mortgage $10,800 $15,096 $15,096 Payroll Taxes $12,600 $13,860 $15,246 Other $0 $0 $0 Total Operating Expenses $147,251 $165,588 $181,124 Profit Before Interest and Taxes $14,999 $43,212 $76,876 EBITDA $18,491 $46,704 $80,368 Interest Expense $14,705 $14,705 $14,705 Taxes Incurred ($473) $7,127 $15,802 Net Profit $767 $21,380 $46,369 Net Profit/Sales 0.30% 6.60% 11.59%