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Company strategy<br />
The Company decided that the best way to enter<br />
the local market would be to acquire an existing<br />
bakery since this would represent a shortcut, given<br />
the fact that an existing bakery would already have<br />
all the permits to operate the business. Getting<br />
permits can be a stumbling block for foreign entrepreneurs<br />
who are not familiar with US regulations<br />
and don’t know how to build a bakery in accordance<br />
with those regulations.<br />
The Company forecasts a rapid market entry in the<br />
Boca Raton area through both a <strong>com</strong>prehensive<br />
business model and an aggressive marketing effort.<br />
The Company business model is based on four<br />
sub-business models revolving around the bakery<br />
unit:<br />
1. Sales on premises with both breakfast and<br />
lunch offers;<br />
2. Delivery of products. Boca Raton has a high<br />
concentration of offices. Therefore, the Company<br />
intends to market its products to office<br />
workers through delivery;<br />
3. Supply contracts. The Company will seek to<br />
win contracts to supply its products to hospitals,<br />
schools, restaurants and hotels. This is a<br />
big market. The Company will be able to <strong>com</strong>pete<br />
with a wide variety of products;<br />
4. Catering services. The Company will provide<br />
products for catering events. James Smith has<br />
also a long experience in the catering service.<br />
The Company will therefore be able to offer a<br />
<strong>com</strong>prehensive catering offer <strong>from</strong> day 1.<br />
Employees are this business’ greatest asset. Great<br />
care would be taken in recruiting people who love<br />
working with these products and who are always<br />
ready to help. The consistency of the quality depends<br />
on it.<br />
French Bakery, LLC will be open <strong>from</strong> 7 a.m. to 7<br />
p.m. <strong>from</strong> Monday to Thursday. It will close at 4 pm<br />
on Friday. It will open at 8 am and close at 6 pm<br />
on Sunday. Therefore, a bakery will be opened 67<br />
hours per week.<br />
French Bakery, LLC plans to put together marketing<br />
material such as postcards, business cards,<br />
brochure, delivery menus, as well as a website.<br />
The Company is also planning to get in touch with<br />
all the synagogues and the Jewish <strong>com</strong>munity<br />
centers in Boca Raton and its vicinities to advertise<br />
its products and be listed as a kosher business<br />
in their directories.<br />
On a daily basis, James Smith will contact potential<br />
clients to get supply contracts and catering<br />
contracts. The Company will send baskets with<br />
fresh products to convince potential clients of the<br />
quality of its products.<br />
As mentioned earlier, the Company plans to open<br />
a second bakery in year 3. The location of that second<br />
bakery has not been decided yet. However,<br />
several locations are already being considered:<br />
Fort Lauderdale, Aventura, and Bal Harbour.<br />
This second bakery would reinforce the Company<br />
critical mass to achieve economies of scales.<br />
14<br />
French Bakery, LLC