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Kim’s Bakery Inc.

Kim’s Bakery Inc. By: Kimberly Ribeiro. Overview. Single member LLC A sole proprietorship with a limited liability company They pass through taxation Why a bakery?. Erin McKenna. Opened up her own vegan bakery Why? Because she was diagnosed with allergies to wheat and dairy

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Kim’s Bakery Inc.

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  1. Kim’s Bakery Inc. By: Kimberly Ribeiro

  2. Overview • Single member LLC • A sole proprietorship with a limited liability company • They pass through taxation • Why a bakery?

  3. Erin McKenna • Opened up her own vegan bakery • Why? • Because she was diagnosed with allergies to wheat and dairy • Trial and Error • Mistake of signing her lease before her bank loan came through. • Thanks to the help of family and friends she had just enough to open her doors.

  4. Financial Strategy Lyndhurst Town Center • Lyndhurst Town Center has a space for lease • Why? • Parking space • Visible for customers • Two train stations near by • Bergen Community College • Growing population • Rental is $24sf/year • Revenue anywhere from $245,804

  5. Erin McKenna Start up Cost • The security deposit, construction costs, initial inventory costs, kitchen equipment costs, permit fees, and total start-up costs came out to a total of $76,010. • In addition her monthly operating costs came out to $23,286.

  6. Ethical Standards • Corporate Social Responsibility • Going green • Recycling • Switching to gas burning overs (reduces energy consumption)

  7. Marketing, Promotion & Price Strategy Attract customers by: Having seasonal offering Daily specials Give away free samples Charity fundraiser Website Word of mouth Direct mail • Once the business is stable • Delivery system • Free Wi-Fi • Open earlier and close later. • Open 6am-9pm

  8. Management & Leadership SWOT analysis : Strengths & Opportunities: two train stations a community college, free Wi-Fi Delivery longer business hours charity events parking. Weaknesses and Threats: local bakeries no experience in management No reputation • I want my customers to feel valued • Buying good quality food for a fair price • Mission statement: • The mission statement is to provide our customers with the best customer service and most importantly to provide the best tasting and freshest product.

  9. Human Resources Employees: Everyday there will be short meetings. Good news Daily news Asking the staff Motivation: Gift card Making their work schedule for a week contests • kitchen personnel • Head baker • Assistant bakers • Pastry Chefs • Specialty Chef When people feel valued and important it creates a better atmosphere

  10. purpose • In this PowerPoint I wanted to discuss opening my own bakery. The title gave them an idea of what I was going to discuss next and it provided me with the order of what I should talk about. The bullet points were my point of the topic that was used for me to branch out after and get more in debt. I used the hyperlink of her logo to take me to her website so that I could show them what her website looked like and where I got her information. The transitions, pictures, and effects were used to give it life! The more attractive it is the more people will pay attention.

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