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Retailing BBQ tools and accessories Sales Forecast It is the wish of any business to attract massive sales at all times. Our business is well positioned to attract loads of clients and that is why we are leaving no stone unturned in doing this. One thing is certain when it comes to BBQ restaurant and store business, if your BBQ restaurant and store is well stocked and centrally positioned, you will always attract customers cum sales and that will sure translate to increase in revenue generation for the business.
We have been able to critically examine the BBQ restaurant and store market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to startups in Los Angeles — CA.
Please note that the above projection might be lower and at the same time it might be higher. Our Pricing Strategy The prices of our pork ribs, chicken, beef brisket, and several flavors of barbecue sauce for immediate consumption and also the retailing of Alcoholic and Non — alcoholic drinks, Gas grills, Charcoal grills, Electric grills, BBQ tools and accessories will be what is obtainable in the market.
We are aware that pricing is one of the key factors that give leverage to BBQ restaurant and store business, it is normal for consumers to go to places where they can get good deals. We will ensure that we reduce our overhead, and we are ready to run on low profit margin for the first six months of launching the business just for the purpose of attracting loyal clients and build our clientele base.
We also have plans in place to discount our products once in a while and also to reward our loyal customers. Payment Options We want to be sure that we give everybody a flexible payment option per time. Here are the payment options that will be available in every of our pub; Payment by cash Payment via Point of Sale POS Machine Payment via online bank transfer online payment portal Payment via Mobile money Payment with check In view of the above, we have chosen banking platforms that will help us achieve our payment plans without any difficulty.
We are going to explore all available means to promote our business. As a matter of fact, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand.
Start — Up Expenditure Budget We have gone back to our drawing table to ensure that In setting up any business, the amount or cost will depend on the approach and scale you want to undertake.
If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.
This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked. As for the detailed cost analysis for starting a BBQ restaurant and store business; it might differ in other countries due to the value of their money.
This amount includes the salary of all employees and the CEO Owner for 3 months, as well as other estimations. Jonah Kerry and his wife Mrs. Johannes Kerry and they intend to finance the business alone.
Although they have plans to make the BBQ restaurant manager part owner of the business after 5 or 7 years of services, but that does not stop him from reserving well over 80 percent stake of the business for himself and his family.
Since they are the sole financier of the business, they have decided to adopt the following means to generate start — up capital for the business; Generate part of the start — up capital from his personal savings and sale of his stocks Source for soft loans from family members and friends Apply for loan from my Banks N.Weebly makes it surprisingly easy to create a high-quality website, blog or online store.
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