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L.A. Buffet Restaurant

L.A. Buffet Restaurant. Janet Chiwele NingXin Huang Joanna Mnich Olena Olenchuk AKM Shafiuddin . Agenda. Mission Objective Management team Marketing Location &Layout Finance Personnel Conclusion. Mission.

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L.A. Buffet Restaurant

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  1. L.A. Buffet Restaurant Janet Chiwele NingXin Huang Joanna Mnich Olena Olenchuk AKM Shafiuddin L.A Buffet

  2. Agenda • Mission • Objective • Management team • Marketing • Location &Layout • Finance • Personnel • Conclusion L.A Buffet

  3. Mission To offer enjoyable dinning experience, support by excellent customer service L.A Buffet

  4. Objectives for five years • Increase sales by 5-10% annually • Hire professional accountant • Hire assistant operation manager L.A Buffet

  5. Management Team • Shafi – founder & owner • Accounting degree from U of L • Mentor – consulting team L.A Buffet

  6. Agenda • Marketing • Location &Layout • Finance • Personnel • Conclusion L.A Buffet

  7. Target Market • Middle & Low income families • Students • local business people L.A Buffet

  8. SWOT Analysis L.A Buffet

  9. Marketing Mix L.A Buffet

  10. Agenda • Location &Layout • Finance • Personnel • Conclusion L.A Buffet

  11. Location L.A Buffet

  12. Layout L.A Buffet

  13. Agenda • Finance • Personnel • Conclusion L.A Buffet

  14. Financials • Market potential: $41 955 399.85 • Market share: 0.55% • Market share in revenue: $230 207.96 L.A Buffet

  15. L.A Buffet projected income L.A Buffet

  16. L.A Buffet projected cash flow L.A Buffet

  17. Financing • Start-up cost: $65 000 • Equity: $27 000 • Bank loan: $40 000 at 8% annually • Amortized installment fixed rate loan from the Royal Bank • 7 years for repayment • Monthly payments of $623.45 L.A Buffet

  18. Agenda • Personnel • Conclusion L.A Buffet

  19. Personnel • Administrative structure: • Owner/Manager • 2 Chefs • 2 Cooks • 3 servers • Host/bartenders • Kitchen assistants L.A Buffet

  20. Organizational chart L.A Buffet

  21. Operation Hours • Open Monday-Friday 11:00 a.m.-11:00 p.m. • Open Saturday & Sunday 11:00 a.m. – 12:00p.m L.A Buffet

  22. Hiring Process • Recruitment: • Channel of recruitment • Newspaper advertising, • Educational institutions, • Employment agencies, • Walk-ins Job applications forms will be collected based on this, the person with the skills and experience needed would be hired. L.A Buffet

  23. Hiring process • Training: • Formal training • On-job training for first few weeks. • Evaluation &Feedback: • The first three months observation of performance • Evaluation given each month; • Provide guidance for the job; • Answering questions, getting or giving feedback. L.A Buffet

  24. Structure • L.A. Buffet is a creative idea of the sole owner Shafi • Simple organizational structure. • Accounting and payroll functions done in house by the owner/manager L.A Buffet

  25. Conclusion • New and healthy concept • Provide unlimited healthy food • Located in South Lethbridge • Targeting mid, low income families, students, local business people L.A Buffet

  26. Questions??? L.A Buffet

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