972.814.3612
|  jennifer@jenniferherriage.com

Jennifer Raney Herriage

Your Rockwall REALTOR®

UK Furniture Manufacturer Business Plan

By Leave a Comment


UK Furniture Manufacturer Business Plan


Fulham Furniture Mfr. Since discovering high-end Direct Mail channels, Fulham Furniture Mfr. has experienced rapid growth. Through the help of distributors of office equipment, which sell directly to larger businesses, we were able create another channel.

This business plan anticipates that we will continue to grow our business for three more years. We are careful planning to manage our growth and ensure steady cash flow because of the impact that sales growth has had on working capital.

We also anticipate being more profitable than ever. All in all, this plan represents a healthy company that has good growth prospects and is looking to manage its steady growth.

1.1 Mission

Fulham Furniture Mfr. Fulham Furniture Mfr. creates productive, pleasant offices with well-designed furniture. We are sensitive to the look and feel of good wood and fine furniture as well as to high-powered personal computing. Customers who value high-quality office environments want us to provide the best value. We strive to give our customers the best value. Our office and workshop environments are creative, supportive, friendly, and fun. Employees are paid fairly and encouraged to respect customers and the quality of our products. We strive to achieve fair and responsible profits that are sufficient to maintain the company’s financial health over the long term, and to compensate investors and owners equally for their risk and money.

1.2 Keys to Success

  • Uncompromising commitment towards the quality of the final product: quality wood and workmanship, quality design, quality result.
  • Niche marketing can be successful: We must find quality-conscious customers in the right channels. Customers need to be able to find us.
  • Assembly that is almost automatic: Although we cannot afford to ship desks fully assembled, the assembly should be so simple and automated that the customer feels better about the quality of the product, not worse.

1.3 Objectives

  1. You can increase your sales by focusing on the new channels.
  2. Despite an increase in sales, you should maintain a high Gross Margin.
  3. In Year 3, increase net profit/sales ratio proportionally


Catering Business Plan

By Leave a Comment


Catering Business Plan


Opportunity

Problem

Society has limited resources for the less fortunate or homeless youth population. Eugene has seen a surge in homeless teenagers fleeing their home. They will stay for a few months, and then they’ll travel down to California for the winter. These are young adults that don’t understand how to become part of society. They can’t provide for themselves and eventually they have children and the cycle continues.

Solution

”

We offer assistance with career planning and education for at-risk young people in Lane County. This experience should be valuable to our clients. We do this through a series of curricula funded by the Lane Workforce Partnership, Oregon Youth Conservation Corps, Oregon Department of Human Resources, and the local school districts.

Our most recent program is a culinary art program. It teaches students how to prepare food safely and properly and allows them to then make lunches for other students at the Chambers School. After completing the 9-week curriculum, students are placed with a local food service business for a 60-hour practical training where they can continue to develop their skills. The culinary arts program is currently available to five students each 9-week school term or 25 students per annum. Students enrolled in the program are selected because of their sincere interest in the culinary field and their excellent attendance.

“

Market

”

Eugene Area Chamber of Commerce states that “[a]t heart of Eugene economy is the homegrown small- and medium-sized businesses. Eugene’s businesses employ less than 20 people. Eugene’s small business community, which includes financial services firms and specialty retail shops, as well as management consultancies and ethnic grocery stores, is active, vibrant, thriving, and well-supported. There are over 10,000 businesses within Eugene, including sole proprietorships or limited partnerships. This new growth has brought new businesses to Eugene/Springfield and expanded opportunities for caterers who can meet these needs.

Catering For Kids predicts that Eugene/Springfield businesses are experiencing unmet demand for catering services for lunch meetings and other events. And unlike other restaurant and food-related businesses, business to business catering is not as cyclical as business to consumer catering. Businesses continue to have lunch meetings and employees who wish to purchase their lunches year round. A limited amount of market research was done to gain insight into market size, demand, and market trends. A survey was sent out to 144 Lane County non-profit organizations. It asked for their current and future needs in catering services as well as their interest in supporting a nonprofit catering company. These are just a few of the many responses we received.

“I think this idea is great and could be an asset to the community. Springfield/Eugene Habitat for Humanity is not known for hosting many lunchtime meetings. However, there are about 13 to 14 Habitat Executive Directors that meet about every three month. Susan Brown, Volunteer Coordinator, Eugene/Springfield Habitat for Humanity

If we have an event that needs catering, we’ll call your program first. We use nonprofit organizations first when we need services.

“Our needs for catering are not very large, maybe a few times a year. I am available to talk about the program. However, you may contact me to discuss the program.

&#8220: We have General Membership meetings that require 50 to 100 persons. I’m not involved with arranging the meetings but do know that our organization is in need of a place to meet where food and beer can be served. You might hear from Dave. I think the first meeting is in October.

“

Competiton

There are many other caterers that offer boxed lunches as well. However, none of these businesses specialize in serving the nonprofit sector, nor are they themselves a nonprofit that benefits the local community. Catering For Kids will be able to build strong relationships with its nonprofit clients.

Catering For Kids is the best caterer in Lane County. We believe this unique position combined with high-quality, competitively priced meals will make it the top choice for Lane County nonprofits.

Why Us

Catering For Kids is dedicated in providing opportunities for at-risk young people to gain valuable work experience. We are committed to offering healthy, homemade meals and outstanding service at affordable rates to our customers. Employees of Catering For Kids will be students who are enrolled in the culinary arts program at the Chambers School and Career Center and are interested in gaining work experience in the restaurant and food services industry. These students will gain valuable experience that will aid them in transitioning from school to work. They will also be able develop entrepreneurial skills that they can use in their future jobs.

Expectations

Forecast

”

Below is a benchmark chart that shows our key financial indicators over the past three years. We anticipate a steady but slow increase in the demand for our services, and an increase in operating costs. Catering For Kids’ first year will only serve its internal markets. Then, in year 2, we will begin to expand our reach to the external marketplace.

“

Financial Highlights by Year

Financing is Required

One of our revenue lines is grant funding, $15,000 annually. And we need and anticipate donations of $2,000 per month, plus some revenue from fees for lunches and event catering.

Benefits Administration Business Plan

By Leave a Comment


Benefits Administration Business Plan


Employee Benefits Administators (EBA), can provide outsourcing benefits administration services for small to mid-sized businesses. The office, located in Morgantown, Pennsylvania, has opened for business.

Many employers today are looking to outsource any function that is not directly linked to the generation or income. Human Resources Administration is therefore one function that should be looked at first, since it does not directly contribute to the generation of income.

Outsourcing can be a proactive way to increase productivity and reduce costs. Employee Benefits Managers aim to deliver high quality benefits administration services and customer service to clients, allowing them to focus on other strategic initiatives.

EBA will initially target clients with ten to 500 employees when it opens. The service will offer four levels of customization, so clients can choose the one that best suits their needs.

  • COBRA (Consolidated OmniBus Reconciliation Act) and HIPAA (Health Insurance Portability and Accountability Act) Administration
  • Flexible Spending Account Administration
  • Basic Benefits Administration for health and welfare plans, including a call center
  • An ‘#8220’ All-Inclusive level which combines all three levels

EBA will market their services through insurance brokers, business associates, local businesses, professional associations, and other organizations. EBA plans to be certified in Pennsylvania as a WBE, Women’s Business Enterprise, in order to conduct business at the State, Federal and Local levels.

Employee Benefits Administrators has been established as an LLC (Limited Liability Company). Cindy Wells, Diane Davis and the company’s principals are equal owners. They have over 25 years of combined experience in corporate benefits administration, employee relations and communications, legal compliance, and a history of providing outstanding customer service. Their experience in dealing with all levels of management as well as employees, gives them an edge over their competitors.

This business plan is designed to forecast all financial statements for three year and to receive initial funding. This will cover initial start-up costs as well as operating expenses for the first year. Employee Benefits Administrators expects substantial revenue in year one and phenomenal growth in year two.

1.1 Objectives

EBA hopes that the next three year will bring about:

  • Substantial first year revenues with incredible growth in next year
  • For COBRA services, one client per month is new. One client per quarter for all-inclusive and basic services.
  • By the beginning of Year 2, there were three staff, and by Year 3, there were seven.
  • To move from strictly providing benefits administration to offering services for payroll and/or all other HR services that clients are interested in outsourcing by Year 3.

1.2 Mission

Employee Benefits Administrators provides high quality benefits administration and customer service for small to medium sized companies, allowing them to focus on their strategic initiatives.

Success Keys 1.3

EBA’s keys to success include:

  • Excellent communication skills and customer service skills. #8212; confidential, reliable and trustworthy expertise and information
  • The best Human Resources Information software module on the market
  • Thorough knowledge of benefits administration issues


Pizza Delivery Business Plan

By Leave a Comment


Pizza Delivery Business Plan


In the last three years, South Gate’s west side has seen a surge in population. More than 3,000 people now live in the Westside. With this opportunity, local businesses are slowly catching up. Tsunami Pizza will be opening a new delivery service for pizza in the westside.

Currently, the area’s closest pizza restaurant takes up to 45 minutes to deliver a pizza. Tsunami promises to cut delivery times by 20 minutes.

Tsunami will provide a better pizza at a lower cost and deliver it hotter to your door than any other competitor.

1.1 Objectives

  • Capture most of the Westside pizza delivery business.
  • Provide superior customer service and a product that is high quality at a very affordable price to our customers.

1.2 Mission

Tsunami Pizza strives to be the best delivery service for pizza in the Westside.

1.3 Keys To Success

  • Customer loyalty is promoted by a superior product.
  • A business location where the pizza can be delivered quickly.
  • Great customer skills are essential for delivery people.


Vineyard Bed & Breakfast Business Plan

By Leave a Comment


Vineyard Bed & Breakfast Business Plan


The Enchanted Vineyard Bed & Breakfast can be found in Eugene’s Lorane Valley. The beauty and number of vineyards in the valley are well-known. Missy Stewart is the sole proprietor of the B&B. The Stewart&#8217s recently renovated house will host the B&B. Their home is the central point of the B&B experience. Each room has its own bath. The facility has a wonderful centralized living room for the socialization of the guests, a private garden patio, and an on-site winery on the Stewart’s 10 acres of land. The rooms have 65% of their walls that are windows, giving guests a breathtaking view of the valley.

Market

The Enchanted Vineyard is expected to compete with hotels and other B&Bs in the hospitality industry. The Enchanted Vineyard competes directly with hotels. Enchanted’s facilities are far nicer than other B&Bs for its size. All the B&Bs with less than 9 rooms are pretty standard houses that have been converted to a B&B. There is nothing special. Enchanted Vineyard is a newly renovated house with a vineyard set in a beautiful setting.

The Enchanted Vineyard will target three different groups. First, weekend getaway tourists. This is a group of people who are looking for a weekend escape from Eugene. Eugene is a charming town located in the Willamette River’s valley that is internationally renowned for its wineries. This customer group has 12,000 potential clients and is growing at 11% annually. The second group is out-of-town travelers which is growing at 10% with 18,000 potential customers. University of Oregon guests are the last customers that the B&B will target. The university brings thousands of visitors to Eugene whether they are professors, speakers, or parents. Once a relationship is established, it will bring you a steady stream of customers. This customer group is expanding at 17%, with 12,000 potential clients.

Competitive Edge

Two distinct competitive advantages distinguish the Enchanted Vineyard from its competitors. The first is the unwavering dedication to customer service and attention to detail. Stewarts know that their mission is to make sure their customers have the best stay possible. John and Missy will do everything to ensure that customers are satisfied. Their unique facility is their second competitive benefit. The facility is so wonderful in part because of the actual structure which is a wonderful place to stay. Its location overlooking the Lorane Valley is what makes it unique. This beautiful area is home to many wineries and vineyards.

Management Team

Because of its management, The Enchanted Vineyard can continue to build on its solid business model. Missy has earned her MBA providing her with invaluable business skills. Missy was part of a group of five students who opened their own service company while she was studying for her MBA. Missy also has a wealth of experience from the B&B business, which gives her great insight and is relevant to what she’s doing right now.

The Enchanted Vineyard will have the opportunity to make use of its unique facility and transform it into a beautiful, special B&B for Eugene. Missy, the sole proprietor, will do this with passion and expertise. By year two, the B&B will be profitable and will generate over $77,000 revenue by year three.

1.1 Mission

The Enchanted Vineyard Bed & Breakfast aims at providing the best B&B experience. Our goal is to keep and attract customers. When we adhere to this maxim, everything else will fall into place. Our services will meet or exceed customer expectations.

1.2 Objectives

The Enchanted Vineyard Bed & Breakfast aims for the first three year of its operation with these objectives:

  • To create a B&B with a primary goal of exceeding customer’s expectations.

  • The Enchanted Vineyard Bed&Breakfast is available for use by guests every week.

  • To increase our number of clients by 20% per year through superior service.

  • You must be able to survive on your own cash flow to build a sustainable business.


DISCLOSURES

Texas Real Estate Commission Information About Brokerage Service

Texas Real Estate Commission Consumer Notice

About Jennifer

Unlike many who get into the field, real estate has been the only career for Jennifer Raney Herriage, who has excelled in serving clients for over 20 years.  Having grown up in a real estate family, Jennifer was first inspired by her mother, a broker … Read more...