It’s Monday… ... Dinner Accomplished Monday Tuesday Wednesday Thursday Friday Mission and Social Impact Mission Statement: Eva’s Edibles, a personal chef service, will provide busy clients with healthy and delicious dinners that are based on clients’ preferences and prepared in their kitchens. Social Impact: • Organic, locally grown ingredients • Work with socially and environmentally friendly vendors Eva’s Edibles 1. Eva cooks it • Consult, customize, and cook 2. You heat it up • 15 mins in the oven, that’s it! 3. Enjoy! • ‘Nuff said… Business Model Description of Expenses Definition of One Unit Cooking 5 dinners for a client Variable Material Expenses Economics of One Unit $325.00 Selling Price Cost of materials Cost of labor Other variable costs Total COGS/ COSS Contribution Margin $100.00 150.00 4.00 Item Misc. groceries (specific ingredients vary from client to client) Fixed Expenses $254.00 $71.00 Monthly Break Even Units $493.00 = 6.94 ≈ 7 units $71.00 Item Insurance Advertising Depreciation Utilities Other Fixed Expenses Total: $100.00 $ $100.00 Total: $493.00 $ $117.00 $146.00 $23.00 $100.00 $107.00 Market Analysis Market Statistics Industry Name: Personal Chef Service Annual Industry Sales: Description of Target Consumer Demographics Professional couples and families with household incomes of over $50,000 $32,000,000 Target Market Size Geographics Greater Columbus, Ohio, area Psychographics Buying Patterns • Desires healthy food • Hardworking, dual-income households with hectic lives • Would like to spend more time at home • Doesn’t have time or energy to cook and clean regularly • Eats out 4 or more nights per week • Would like to reduce the cost of eating out Total Population 301,800 Target Market Population 110,760 Market size (based on survey) 27,690 Marketing and Sales 1. Company Website 2. USPCA Referral Website 3. In-Store Promotions 4. Promotions at Local Events 5. Loyalty Benefits Competition Personal Chef Factor 1: Price Factor 2: Quality Factor 3: Unique Knowledge $325/5 dinners Custom meals, healthy Certified Personal Chef, event planning $400/5 dinners $500/5 dinners Meals from chef’s plan, not focused on health Meals from chef’s plan, healthy Focuses on “kid friendly” meals Certified Personal Chef, knows customers Why Eva’s Edibles? 1. 2. 3. 4. Established Restaurant Customized menu Health conscious Certified by USPCA Competitive pricing Qualifications • Associate’s Degree in Business Management • Assistant to the Director of Campus Dining Services, OSU • Founder, Eva’s Entertainment Services • Certified Personal Chef (CPC) by the U.S. Personal Chef Association Projections Total Units Gross Revenue Net Profit 252 $81,900 $10,180 Units Sold 23 21 19 17 15 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Investment Opportunity Materials needed Victorinox Swiss Army Cutlery Set (8 piece) Anolon Nouvelle Copper Hard Anodized 10-Piece Cookware Set Misc cooking equipment Spices, oils, etc. Wheeled cart Total Startup Expenditures Cost $618.00 450.00 305.00 100.00 269.00 $1,742.00 Emergency Fund Reserve for Fixed Expenses 871.00 1,479.00 Total Startup Investment $4,092.00 $10,180 $81,900 = 12.4% ROS $10,180 $4,092 = 249% ROI Future Plans Business Growth • Lease or buy a commercial kitchen • Start delivery service for customers • Continue to get degree in culinary and hospitality • Hire more certified personal chefs to scale growth Plans for Future Social Impact • Volunteer in community to talk about healthy eating • Begin to donate 1% of net profit to a local food bank Thank you for your consideration