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Published byJodie Fox Modified over 9 years ago
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Fancy Bananas
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Not many inexpensive desserts? Many people don’t find places that have desserts. When they do but it is very expensive.
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Solution
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Fancy Bananas My bananas are dipped in delicious chocolate. Then they are covered with nuts to give it a crunchy taste.
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[Business Model] Economics of One Unit Selling Price$2.50 Cost of materials$0.98 Cost of labor$0.00 Other variable costs$0.00 Total COGS/ COSS$0.98 Contribution Margin$1.52 Definition of One Unit One frozen chocolate banana Monthly Break Even Units $108.00 =0.02≈2 units $5472.00
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[Market Analysis] Description of Target Consumer DemographicsGeographic's Families or couples with an average income. Los Angles, or a county. PsychographicsBuying Patterns Parents of dual income families that want their kids to be healthy. Families or couples that would want to go out together and do not want to waste a lot of money. Total population of targeted geographic area Population of target market 117,119 Market size (based on survey) Target Market Size Market Statistics Industry Name: Food industry Annual Industry Sales: $110 billion dollars Less than 2% 53,000
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[Promotion and Sales] Fancy Bananas will strive a few types of promotional activities: Samples and websites. 1.[Website]: Provide information on the combinations, when and where we will be selling the bananas. 2.[Samples]: free samples will be handed out to people who will like to try it.
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[Competition] Direct Competition: Diana’s bananas, totally bananas, Trader Joe's Gone Bananas Indirect Competition: Yogurt land, cheesecake factory, basking robins.
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[Qualifications] Alan Valle is fit to run Fancy Bananas because i was in the academy of finance. I also have experience because I took an economics class in entrepreneurship. Also because I have made frozen chocolate bananas before.
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[Sales Projections] Total Units 2,700 Gross Revenue $6,750 Net Profit $1,078.65
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[Startup Funds] ItemWhy NeededCost Bananas I need bananas to start the business. $2.10 Chocolate syrupTo make the bananas have the flavor they are supposed to have. $9.00 NapkinsSo the customer will be clean and also to hold the bananas. $1.00 Small refrigeratorSo I can freeze the bananas.$230.00 [text] [ [value] Total Startup Expenditures$241.00 Emergency Fund[value] Reserve for Fixed Expenses[value] Total Startup Investment$241.00
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