Firkus Fries Business Plan by Holly Carden

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FIRKUS FRIES

BUSINESS PLAN

• Executive Summary

• Company Description

Business Concept

Food Menu

Beer & Sauces

Building Design & Layout

• Management Profiles

• Operations

Staffing/Training

Management Controls

Administrative Controls

• Market Analysis

Industry Overview

Target Market

• Marketing/Sales Strategy

Market Penetration

Growth Strategy

Communication Strategy

• Financial Projections

no longer just a side dish FRIES:

EXECUTIVE SUMMARY

• Casual dining

• Unique and fun dining experience

• Culinary exploration

We strive to perfect and celebrate everybody’s favorite side dish: fries.

Initial investment: $900,000

Average annual return of 35.7% over the course of 5 years

COMPANY DESCRIPTION

BUSINESS CONCEPT

• Limited Liability Company

• Casual dining at a low price range ($6 - $15)

• Beer and cider

• Meals are highly customizable

• Open from 11am until 2am, 7 days a week

• Food truck

• Catering services

• Firkus Fries t-shirts and beer steins

FOOD MENU

• Variety and simplicity

• Fries, Extras, and Shakes

• Locally sourced ingredients

• Gluten-free and vegetarian

• 15 different types of fries

• Cut Guide

• Extras

• Shakes

• Firkus Fusions

• Platters

• Tablet ordering

BEER & SAUCES

• Extensive beer menu

• Craft beers and ciders

• Local breweries

• Condiment caddy

• Sauce palette

• Interactive and fun dining experience

BUILDING DESIGN & LAYOUT

• Comfortable, Cozy, Fun

• Main dining area

• Bar

• Outdoor patio

• Music playlists

• Enriching Nashville’s creative community

• Live musical guests

• Local visual art, sculpture, and illustration

MANAGEMENT PROFILES

CARKUS

• Stellar team

• Disciplined

• Dedicated to the Nashville Community

• Shared values: integrity, fun, creativity

CARDEN

• Illustrator, designer, salesman

• 7 years of sales experience

• 5 years freelance illustration

FIRKUS

• Leader, entrepreneur, creative

• Management experience

• Freelance experience

OPERATIONS PLAN

STAFFING & TRAINING

• Hourly employees

• Local staffing agencies and colleges

• 24 hours of training/shadowing

• Part time and full time scheduling

• Benefits

• Chef

MANAGEMENT CONTROLS

Using POS system to track sales

Monitoring employee time & attendence

Scheduling

Operations checklists

Ordering & dealing with suppliers

Inventory control

Cash control

Security measures

Writing & enforcing safety policies

Reviewing liability concerns

ADMINISTRATIVE CONTROLS

Daily cash control

Weekly prime cost report

Purchasing records

Account payables

Preparation of monthly financial reports

Payroll processing

MARKET

INDUSTRY OVERVIEW

• New and interesting dining experiences

• Novelty restaurants

• First location: Midtown

• Corporate lunch rush & late night

2014 Culinary Trends Forecast:

• Locally sourced meats

• Locally grown produce

• Environmental sustainability

• Gluten-free cuisine

• Ethnic-inspired breakfast items

• Grazing (sharing/snacking instead of traditional meals)

• Half-portions/smaller portions for a smaller price

• Food trucks

• Street-food inspired main courses

• Vegetarian options

• Specialty potatoes

• Locally produced beer

• Ethnic condiments

• Craft beer

• Root vegetables

• Sweet potato fries

• Milkshakes

• Zucchini

TARGET MARKET

• Everyone, from kids to seniors, loves fries

• Open to all ages until 6pm

• 21 and up after 6pm

• Dual nature = wide variety of customers

• Downtown tourists

• Nearby hotels

• Residential areas

• Universities

• 5,833 households

• Average income ~$37,000

• Unmarried, no children

• Median age ~32 years old

COMPETITIVE ANALYSIS

Corner Pub

Broadway Brewhouse

The

The Row

The Slider House

Two Boots Pizza

• Novelty with neverending variety

• Commitment to sustainability, community, and the arts

Chuy’s
Hattie B’s
Music City Tippler

MARKETING/SALES STRATEGIES

MARKET PENETRATION

• Food truck 1 month prior to opening

• Local events, running daily

• Discount coupons

• Grand opening party

• Website

• Facebook page

• Instagram and Twitter

• Advertising

• Live bands and specials

GROWTH STRATEGY

• Cautious and steady growth

• 5 years: 1 location and food truck

COMMUNICATION STRATEGY

• Internet and Social Media

• Transparency is key

• Drink and Fusion specials

• Food truck appearances

• Live music events

• Advertising with local publications

• Illustrated posters

• Emphasize the importance of community and local

• Join forces local breweries, artists, retailers, eateries

• Create events celebrating Nashville money for causes

FINANCIAL PROJECTIONS

STARTUP FUNDING

FINANCIAL PROJECTIONS

HOURLY LABOR COST

ADDITIONAL EXPENSES

5 YEAR OPERATING PROJECTIONS

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