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Published byMeredith Mavis Richards Modified over 9 years ago
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" Let's Get Fresh!" Daisy's Taco Catering
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" Let's Get Fresh!" Agenda Market Analysis Competitive Analysis Venture Analysis Conclusion & Recommendations Development Strategy Financial Data
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" Let's Get Fresh!" Market Summary Catering is the Star of the Food Service Industry Overall Catering Sales Top $14 billion. Social Catering Sales at $ 5.3 billion with a 7% growth rate. Social Catering Business Grew 43.5% during last 5 year U.S. Census.
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" Let's Get Fresh!" Market Summary: Brown is the New Green The U.S. has the 4 th largest Latino population in the world. Latino buying power growing 8.7% annually, non-Latino buying power growing only 4.8%
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" Let's Get Fresh!" Competitive Analysis: Competitor Description Basis of Competition Barriers to Entry Degree Of Rivalry Control over Prices, Costs and Channels Market Domination
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" Let's Get Fresh!" Competitive Matrix Chart Daisy’s Taco CateringCenterplate/Tast e Catering RestaurantSelf-Catering TasteExcellent GoodFair PriceLow $5/personHigh $20- $30/Person MidLow ConvenienceHigh Low AvailabilityHighMid High Product/ServiceTacosHigh Class FoodPlace/FoodHome cooked food Production QualityHigh MidFair Unique FeaturesSuper FreshEye CatchingN/ACustom Marketing/AdvertisingWord-of- Mouth/Website/ Online WebsiteWebsite-Paper AdsWord-of-mouth Business Cards Geographic LocationSouthern CaliforniaInternational (Centerplate)/ California (Taste) Los Angeles Area Market ShareSmall MidMicro Strengths/WeaknessesCheap & Convenient/Not too fancy Eye Catching/ Expensive- not fresh Convenient/Set location Cheap/Takes away time from event
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" Let's Get Fresh!" The Daisy’s Taco Catering Business Concept What it looks like- What is Taco Catering? Unique benefits- Fresh- Food is prepared at event. Personal- Each entrée is custom made. Easy- No menu planning. Inexpensive- Costs less than dining out.
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" Let's Get Fresh!" Target Market & Opportunity Primary Target Audience- Latinos Secondary Target Audience- Adventurous ‘Foodies’ Tertiary Target Audience- Corporate _____________________________________ Opportunity, Need and the Customers Point of Pain
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" Let's Get Fresh!" Conclusion Customer Survey: majority of Hispanics interviewed have heard and hired a taco cater 80% enjoyed the service as the majority of interviewee said they will like to hire a taco cater in the future Like the convenience of the service Our call reports gave us more insights of our business
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" Let's Get Fresh!" Recommendations Development Key Milestones Ongoing Development Proprietary Position
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" Let's Get Fresh!" Development Strategy Location: Southern California Downtown Locations No Inventory Strategy Limited Menu: 3 meats + secret salsa First Year: 10 carts/30 employees Second Year: product mix Third Year: Northern/Southern CA area
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" Let's Get Fresh!" Development Strategy ”On Going Development” –Customer Surveys –Geographic Expansion –Product Expansion “Proprietary Position” –Secret Sauce –Consistent Recipes –Unique operating methods
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" Let's Get Fresh!" Financials Assumptions Line of equity $50,000 1920 events per year $500 per event 4 Parties per taco cart Employees paid $50 per event Balance sheet key Numbers C/A=$108,000 LT/A=$40,500 C/L= 98,500 LT/L=$50,000
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" Let's Get Fresh!" Operations Flow 36 Days Customer Order & Deposit Received Place Produce And Meat Order Receive Order And Prep Supplies Perform Catering Service Bill Customers Pay Supplies Collect Money
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" Let's Get Fresh!" Overall Conclusion Yes It Is A Feasible Plan!
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