Fresin Fries is a locally owned fast food outlet that is positioned as an international franchise through our creative approach to the company's image and detail presentation. Fresin Fries provides a combination of excellent food at value pricing, with fun packaging and atmosphere.
In today's highly competitive environment, it is becoming increasingly difficult to differentiate one fast food outlet from another. London is now becoming the model metropolis for Europe's new economic boom. With more than 11 million visitors yearly, mainly from neighbouring countries, London's retail sector is the strongest in the region (Cravens, 1991).
Our main priority is to establish one outlet in a crowded mall, preferably in one of prominent shopping malls in London. Later, our effort will be a further development of more retail outlets in the surrounding area.
Fresin Fries will entice youngsters to bring their friends and family with our innovative environment, fresh-cut Belgian fries, and selection of unique signature dipping sauces.
Please note that all tables are in US Dollars.
1.1 Objectives
To revive the presence as a successful local fast food outlet and gain a market share in London's fast food industry.
To make Fresin Fries a destination spot for mall-goers.
To expand into a number of outlets by year three, and sell the franchise to neighbouring metropolitan cities
Youthful and fresh surroundings
We will imitate successful establishments, such as Jamba Juice and Starbucks, which represent the majority of our core target market, between 18 to 35 years of age. Our store will feature display cooking of our featured Belgian Fries from cutting to frying. Our customers will also be able to read our in-house brochures in regards to all knowledge about Belgian Fries and our featured sauces. Our store will be decorated with fast food setting, such as a bright counter and display menu on the wall.
Quality food
Each store will offer nothing but freshly fried Belgian fries, sandwiches and variety of unique blend sauces, all served with old-fashioned home-style care.
Open everyday
Our store is open everyday from 10 am to 11 pm.
Start-up
Requirements
Start-up Expenses
Kitchen and Fixtures
$21,600
Furniture and Interior
$16,500
Legal
$3,000
Rent
$15,000
Packaging and Stationary
$8,500
Contingencies
$4,200
Total Start-up Expenses
$68,800
Start-up Assets
Cash Required
$50,000
Other Current Assets
$0
Long-term Assets
$0
Total Assets
$50,000
Total Requirements
$118,800
1.2 Company Locations and Facilities
Fresin Fries locations will range in size from 50 - 70 meter square and will seat from 15 - 25 guests. Our first location will be on the larger end of this range. The location will feature its own originality in merchandise display and other brand building attributes. We will equip the outlet with modern furniture and aim for cleanliness and an open feeling.
The space selection will be chosen based upon the following criteria:
Community size: minimum of 800,000 people within ...