• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Innovative Bakery in Greece Business Plan

Extracts from this document...

Introduction

Innovative bakery is a company that lifts the traditional meaning of the word 'bakery' on the Greek market. It is an establishment which produces and sells baked goods from an oven such as: bread, pies, bagels, pastries, cakes and cupcakes, biscuits, cookies, crackers, muffins, rolls, pretzels, doughnuts, and other items prepared by exclusive bakers. The unique type of bread, baked before inviting guests. Handmade cookies, nuts, sweets, all made with local recipes and ingredients of the Greek land,are only a few of the many unique traditional recipes, innovated in a modern way. The main goals are to have a healthy, successful company that is a leader in customer service and that has a loyal customer following. Objectives are annual sales targets and specific measures of customer satisfaction. Franchising is the main future target for the company to expand. High quality products made by the company along with competitive prices will keep the standards high. We also aim on providing hotels and restaurants and create products with the trademark of the company. ...read more.

Middle

Subsidies to renew or get the company bigger is also a possible sAcenario as well as loans on low interest to achieve that. The company should try to prevent new comers onf the particular business in the area along with losing costumers. Furthermore should also be aware for any VAT or general tax increases that will affect the cost of production. KEY OPERATING POINTS (BENEFITS) -Wide variety of products and fresh bread -Production of pure materials -Competitive prices -Direct service -Suitable areas of production -Clear roles and responsibilities of personnel -Staff with experience -Deliveries to customers -Parking OPERATING PLAN *due to suppliers choice: � COST OF RAW MATERIALS � LOADING CONDITIONS � LOCATION SUPPLIERS � METHOD OF PAYMENT � QUICK SERVICE PRICING: COST & SALES (BASED ON SUPPLIERS GIVEN PRICES) AVERAGE COST / SELLING PRICE / MAIN COMPETITOR'S PER UNIT PER UNIT SELLING PRICE BREAD 0.35 1.30 1.40 NUTS 0.10 0.90 0.95 SWEETS 0.40 1.95 2.05 PIES 0.45 2.10 2.20 HUMAN RESOURCES DEPARTMENT OF ADMINISTRATION -FINANCE -STAFF PRODUCTION SECTION -PLANT MACHINERY -SUPPLIES -QUALITY -ORDERS MARKETING SECTION -MARKET RESEARCH -PROMOTION -SALES PERSONNEL -2 BAKERS -2 ASSISTANTS -4 ...read more.

Conclusion

The annual payments come to 26.607,92 � and the total payment will be 266,079.2 FINANCIAL STATEMENT AND PLAN YEAR PROJECTED GROWTH REVENUE 1 - 615.000 2 7% 658.000 3 9% 717.275 4 11% 796.170 5 13% 899.672 NET RESULTS (PROFIT) FOR THE YEAR: 260680 LESS INCOME TAX: 31281 PROFIT TO SUPPLY: 229399 � Profits multiplied by 50% and then the rest will be multiplied by the tax rate of 24%. 260680 * 0.50 = 130340 130340 * 0.24 = 31281 *The remaining profits are divided equally (25%) to each member-investor. 2nd YEAR RESULTS: NET RESULTS (PROFIT) FOR THE YEAR: 294103 LESS INCOME TAX: 35292 PROFIT TO SUPPLY: 258810 � BREAK EVEN ANALYSIS: If you can accurately forecast your costs and sales, conducting a breakeven analysis is a matter of simple math. A company has broken even when its total sales or revenues equal its total expenses. At the breakeven point, no profit has been made, nor have any losses been incurred. This calculation is critical for any business owner, because the breakeven point is the lower limit of profit when determining margins. BREAK EVEN POINT: BEP=FIXED COSTS/CONTRIBUTION MARGIN *(over contribution per unit) BEP=68995/0.65= BEP= 107.684� ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our International Baccalaureate Business Studies section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related International Baccalaureate Business Studies essays

  1. Thai Tuan Textile Company, Vietnam - Marketing Strategies

    Moreover, "Thai Tuan fabric" is special fabric in one thing. When you buy it and go to recommended tailors, you will have a remarkable discount. Thai Tuan should promote more in advertising, caring customers before and after sales; have programs to assist customer in purchasing goods like selling on credit.

  2. Business plan for Laundry Toaster laundry dryer.

    and IP protection; to providing economic incentive and safeguard mechanisms; and to helping increase local economic growth. We believe that the best way to address these needs is for companies to work with local governments to develop approaches that benefit all involved parties, while continuing to uphold the value of IP in all parts of the world.

  1. A Business Plan for a DJ Party Service in Harare.

    Penetration pricing- here we will be charging a high price to attract the elite. Our clients will hire on the basis that with higher prices comes higher or increased quality. The Third ?p?- place This ?p? will help us select the area that will help us gain more clients.

  2. The Business Strategy of Pizza Hut

    Offering special promotions and new pizza variations are popular today as well. ________________ TASK 3 3.1. ? STRATEGIES USED BY PIZZA HUT The mission statement of Pizza Hut is described as ?P.E.A.R.L.S?, which means: * Passion for excellence in Doing everything * Execute with positive energy and needs * Accountable

  1. Ford Company Analysis - corporate structure and financial analysis

    This table shows important dates and movement of stock prices in no-dividend periods Date Milestone Price of share 1.1.2005 End of FY2004 12.11 1.1.2006 End of FY2005 8.25 SEP 2006 Decision of dividend cancel 7.99 1.1.2007. End of FY2006 7.98 1.1.2008 End of FY2007- 16.52 1.1.2009 End of FY2008.

  2. Case Study of Reach Out, a business providing therapy to children with autism.

    Mission statements generally convey and outline of what the corporate culture of an organization is like. It depends on a variety of factors including: 1. Aims, mission statement, vision statement, objectives of organization: Laura?s aim of ensuring Reach Out operates as a charity by charging low fees for therapy and

  1. Should easyJet further penetrate the market for air travel between the UK and Greece? ...

    Theoretical Framework The analysis of this report is based on a twofold approach. Both financial and non-financial considerations will evaluate the potential feasibility of each investment project. Key Areas of Syllabus 1. Growth and Evolution 2. Company Analysis 3. The external Environment 4.

  2. The Business Environment of Coca Cola

    Inquiries are always initiated following a concern referred to them by another authority: usually the Office of Fair Trading. They also investigate issues referred to them by the sector regulators for communications, gas and electricity, water, rail, airports, postal services or by the Secretary of State for Business, Innovation and Skills.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work