Since Holey Moley offers larger portions that our competitors we do not expect to encounter any pressure to reduce prices. We have positioned ourselves perfectly to take advantage of these two market segments.
Establish partnership, secure business loan, begin social media campaign, acquire food truck, and open business. By the end of year two in our business plan, we anticipate the completion of the new Chevy Chase business plaza near our planned location on K street.
In the future, we have plans to sell our award-winning guacamole through our suppliers and farmers markets in D. The loan will be used to purchase a fully-equipped mobile food preparation vehicle MFPV food truck.
Products and Services Our burritos are made from locally sourced ingredients. The products will be made with locally sourced ingredients and will be promoted as having large portion sizes, a cheap price, and a delicious taste.
We use organic and high-quality ingredients to provide our customers with the best tasting burritos and tacos. By keeping our menu simple, Holey Moley is able financial tables in business plan chart samples reduce costs and streamline the cooking process.
However, there are three other food trucks selling Mexican food: Holey Moley also has the good fortune of being founded on the cusp of another market trend towards consuming gourmet guacamole.
Full, retail price of products Discounted: We estimate an average of 10 new food trucks enter the D. Mailbox Flyers In the first month of operation, Holey Moley will get the word out through mailbox flyers. However, Holey Moley has secured a prime location on K Street under favorable terms for a 5 year lease in which the rent will remain constant.
Get started on your food truck plan with these free downloadable business plan templates. Using forecast data, we will be able to accurately project the amount of ingredients needed every week.
In addition, the inclusion of guacamole on our menu gives us a competitive edge. Regardless, Holey Moley intends to maintain strict control over distribution to ensure quality.
In addition, our high-protein, low priced burritos and tacos will be the best value Mexican food truck items on the market, which we expect will become a hot topic amongst our target market of hungry year-old professionals. We will use the traditional social media channels such as Facebook, Twitter, Pinterest, and Instagram.
Our prices will be lower compared to nearby competitors, and provide larger portions, while maintaining profitability.
Bargaining power of buyers: Although there are a variety of food trucks in our location, none offer products similar to Holey Moley. The food truck business has steadily grown over the past five years. Industry Analysis It is estimated that the food truck industry will be worth 2. The pricing of our products will be lower than our competitors, while providing higher portions in order to create a high value product that will attract more customers.
Even now, locations have become a matter of dispute amongst food truck owners, as premium real estate is becoming sparser and more competitive annually. Our products are simple, yet highly desired by foodies in Washington D.
Customers Customers will include the community of shoppers and professionals in the 5 block radius around K-Street, where our food truck will be located.
Management Team Mickey Jordan, Partner Mickey Jordan has more than ten years in the food and restaurant industry and serves as the head chef of a five-star restaurant. All food trucks in the D.Grizzly Bear Financial Managers financial planning business plan executive summary.
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