By: Maxwell Garrant, Tony Ciulla, Alycia Allard, Sara Monaco
Business objectives Run a profitable organization Have the business run efficiently Customer Service Growing the business Service Description The Green Bean is a restaurant that gives customers a healthy alternative to fast food. The Green Bean focuses on serving food without genetically modified organisms, and uses all organic food. Floor plan Needs to be 60% dining and 40% kitchen, inventory, cash register, etc. Inventory Strategies FIFO inventory method for daily operations LIFO on the books Count inventory every Monday, Wednesday, & Friday Get deliveries in two days a week, Wednesday & Saturday Storage Storage inside the restaurant Plenty of space for storing food and supplies Competitive Priorities We are looking to establish our restaurant in Boston. We decided to locate on Commonwealth Ave because there are a lot of college students, who may want to work healthy food into their diets. We will be competing with places such as Uburger, and Sunset Cantina, both of these companies say that they are inexpensive Because of the large amounts of college students in the area, having competitive prices is very important Licenses & Permits Will look into this Customer Satisfaction Well trained Staff Have deals so people will have incentive to do business with us User friendly website Consistently have quality food Operations Strategy Operations Strategy Monitor The speed of the food being made Monitor the amount of waste Monitor the economies of scale Corporate Strategy Value for money Quality food Menu Diversity Efficiency Staffing Plan Minimum wage workers $11 an hour (minimum wage) Managers make $45,000 a year Restaurant open from 11am to 11pm 16 employees, 10 full time, 6 part time 4 managers Cost of manager per day $180 Cost of part time employee per day $55 per day Cost of full time employee per day $80 per day will look into it Consumer Contract Our contract is that we guarantee fresh food to every single customer. If there is a difference in opinion we will always replace the food free of charge. Employee Benefits Discounted food Medical/ Dental insurance Yearly bonuses Compensation/ Severance packages Economies of Scale To be able to find this there are a series of steps that need to be found to determine the economies of scale. First all of the fixed costs needs to be found. This will allow the company to find out their contribution margin. This is the margin allows them to determine their break even point in cash along with units. Second we need to figure out the discounts we will have when ordering more product. Expansion Strategies Location- an area similar to the one we are in now, potentially a different city that has colleges in it Advertising- if we open another Green Bean in a different city we would need to advertise so people know about us Social media- Everyone is constantly on social media, if w have a Facebook, twitter and a good website, it would help us expand the restaurant. Consumer Target Market The Target Market is the Millennials According to Aetena that the perception of being healthy to Millennials is to have a good diet and exercise They have the most capital to spend ( Their parents) Equipment, construction, leasing Equipment- stove, oven, fryer, microwave, cooler, freezer, food prep table, sinks, shelving/storage. Green Bean leases building per month. Supply and Demand Green Bean buys local produce twice a week and other food. Depending on the demand statistics, it will be determined how much fresh food we will have delivered. Supplier and Supplier Relationship Our organic and fresh food suppliers are certified by the National Organic Program. Organic certification is a certification process for producers of organic food and other organic agricultural products. We work with our suppliers who share our commitment to raising food in ways that demonstrate respect for people, the environment and farm animals. Customer Relationship Process Interact with customers/ be personal. Listen and pay attention to what they want. Social Media Be respectful Discounts/Promotions Loyalty programs reward customers for their repeat business with discounts, rewards points or special events. Location / Demographics Commonwealth Ave in Boston, MA Located near Boston University, Berklee College, Fenway Park, Kenmore Square, Allston Within a one-mile radius, majority (17,998 people) of residents are millennials (ages 20-24) Capacity Planning We are located in a 1,400 Square Foot building The typical size of a fast food restaurant is 1,400 to 4,000 square feet. 15 square feet per seat for the dining area which should be 60% of the floor plan Five square feet per seat is needed for the kitchen and preparation is 40% This calculated to around 56 seats Works Cited http://smallbusiness.chron.com/examples-business-goals-objectives-4698.html http://www.loopnet.com/Listing/19989457/888-Commonwealth-Ave-Boston- MA/ https://www.google.com/webhp?sourceid=chrome- instant&rlz=1C1QJDB_enUS612US614&ion=1&espv=2&ie=UTF- 8#q=food+on+commonwealth+ave https://www.glassdoor.com/Salary/McDonald-s-Salaries-E432.htm https://www.qsrmagazine.com/human-resources/how-attract-top-shelf-employees