Can-Sian Restaurant. By: Ye Yang Sang Kim Natsuko Soejima Vince Wang Chloe Liu Jin Liu. Elements of a Business Plan. Goals and Missions Management Team Location Product / Service Description Market Opportunity Competition Analysis Financial Projections
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By: Ye Yang
The West Lethbridge Advantages
Quality must be at the fore of our product:
Three main ingredients
2.Cost effective: low cost for transportation
3.Easily monitor: How the supplier produces
products (quality of meat)
4. Customized products
Typical ingredients (Chinese white cabbage, Japanese parsley..)
Transaction proceeded in Calgary (Chinatown)
4) Need to acquire dependable suppliers and capability of managing adequate inventory level (constant and accurate inventory check).
Basic ingredients (onion, garlic, rice…)
Integrated market: Farmer’s market in Lethbridge
None or inexpensive cost for transportation: delivery service
suppliers offer and closeness to markets
Face to face contact with suppliers (if vegetables have bad
Ingredients like sauce, salt , pepper, sugar..
Easily run out but easily purchased from local retailers (Wal-Mart, Sears Canada..)
Using inventory organizer (Chart or notice board) and collective inventory management involving all managers and employees.
(expense of cash out of our pockets)
2) Accurate estimation from chefs, assistants and employees
3 conditions for purchasing decision:
Limited partnership with 4 silent partners.
Licenses and Taxes:
Provincial Sale Taxes (PST)
Goods and Services Taxes (GST)
Intellectual Property Protection:
Gain a trademark from government for the name of our restaurant—Can-Sian.