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Innovative Bakery in Greece Business Plan

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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.

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