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Kwik-E-Korner

Kwik-E-Korner. Business Plan. I’m Snacking it. Overview. 1) About the Business 2) The Market 3) Competition 4) The Management 5) Operations 6) The Accounting 7) Quiz. About the Business. The School. Background: Was founded in the 1978 The IBT program started in 2006

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Kwik-E-Korner

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  1. Kwik-E-Korner

    Business Plan
  2. I’m Snacking it
  3. Overview 1) About the Business 2) The Market 3) Competition 4) The Management 5) Operations 6) The Accounting 7) Quiz
  4. About the Business
  5. The School Background: Was founded in the 1978 The IBT program started in 2006 Current Situation: Currently has 1350 students enrolled Hosting the IBT program for 3 years
  6. The Business Idea Convenience store Sell food items and beverages at a much more affordable price Our products appeal to wide variety of students and faculty
  7. The Market
  8. Target Market Students looking for food and beverages At a price that is fair for them Faculty Foods that appeal to them The servery does not serve
  9. Charts
  10. Competition
  11. Competition Direct Competition: The servery Vending machines Hasty market Indirect Competition: Pizzaville Tim Horton's McDonalds Other restaurants
  12. The Management
  13. Management Goals Strategic Plans:Our business would like to sell snacks and beverages Operational Plans:we are going to have to work together as a team and co-operate will need to communicate and share ideas to improveContingency Plans:What if the business fails or what if you have gone into too much debt? will consider it to be a learning experience
  14. Operations
  15. The 4 P’s Product: Different because they will have larger portions A lower price Offer a larger Promotion: 2 paper ad And a radio ad Place: Manufacturer (various companies)  Wholesaler (Costco)  us (Kwik-E Korner) Customer
  16. Marketing Ads
  17. Marketing Ads
  18. Marketing Ad
  19. Snacks and Price
  20. Beverages and Prices
  21. Recruiting Place advertisements around school outside of school will be found on bus stops and benches
  22. Recruiting Ads
  23. Recruiting Ads
  24. Recruiting Ad
  25. Selection Selection: selected based on the business’s requirements student employees must have an average of 80 or above have good learning skills For non-students, the must have high school diploma must have one year of work experience must have a criminal check done.
  26. Orientation and Training Will hold workshops after school Make sure that our employees are aware of how things work Will learn how to handle transactions with the customer How to prepare and serve the snacks and beverages
  27. Attitude Will listen to our employee’s needs Consider their suggestions Provide Recognition Employee appreciation day Employee discounts
  28. Departures and Dismissals Departures: Exit interviews Dismissals: Employee is not reaching standards 3 opportunities -Verbal Warning -Written Warning -Dismissal Coaching
  29. Store Hours Store Hours: Before School (7:30am- 8:15am) Both lunches (11:08 am- 1:41 pm) After school (3:00pm-3:30pm)
  30. Employees Employees: Hard working and co-operative good verbal skills and polite The number of people we are looking is 12 2 non-students and 10 students (5 of these students need 3rd lunch and 5 with 4th) Two non students work every day 2 Student employees for each day of the week.
  31. Accounting
  32. Ratios
  33. Explanation Working capital of business is fairly high at end of the first year By the end of the 5th year the business has $97,641 to spend on liabilities The current ratio fairly high by end of 1st year The ratio is approximately 2 which means, for every dollar of liabilities have 2 dollars in assets By the end of the 5th year the business has a current ratio of 22 The gross profit percentage for end of first year shows that business makes 55¢ gross profit for every dollar of sales The rate of return slightly low but over 5 year period the rate increase from 28% to 43%
  34. Conclusion
  35. Will be Successful Will be successful because we offer wide variety of snacks and beverages affordable prices It offers them with cheaper food than the cafeteria Much larger portions The large variety of snacks and beverages
  36. Quiz
  37. Quiz What kind of store will it be? a) Convenience Store b) Service Store c) Servery Who is the target market? What was the most popular beverage? The students and faculty Slushie
  38. Quiz 4) What are the requirements for non-student employees? 5) What are the school hours before school? 6) How many employees will the business have? Must have 1 year of experience, high school diploma and criminal record check 7:30- 8:15 12 employees
  39. Any Questions?
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