Are you about starting a sandwich shop? If YES, here is a complete sample sandwich shop business plan template & feasibility report you can use for FREE.
Starting a sandwich shop business may sound easy, but the truth is that if you are looking to start a sandwich shop, such that you do not want to die a quick death, then you have got to do the needful to make sure that it does stand the test of time.
A Sample Sandwich Shop Business Plan Template
1. Industry Overview
The Sandwich and Sub Store Franchises / Restaurant industry has managed to excel during the past five years right through the recovery. Keeping consumers’ appetites satisfied, sandwich and sub store franchises have created new menu options that capitalize on the trend of increasing awareness of the health risks associated with a high-fat diet.
The industry has also thrived by developing products at price points attractive enough to weather the slow recovery, resulting in strong revenue growth. As a result of this, these trends are expected to continue and contribute to revenue growth going forward.
The Sandwich and Sub Store Franchises / Restaurant industry is a thriving sector of the economy of the united states which generates a whooping sum of well over billion annually from more than 26,740 registered sandwich and sub stores scattered all around the United States of America.
The industry is responsible for the employment of well over 518,188 people. Experts project The Sandwich and Sub Store Franchises industry to grow at a 2.4 percent annual rate. Jimmy Johns and Subway are the leaders in The Sandwich and Sub Store Franchises industry; they have the lion market share in the industry.
The sandwich shop line of business has minimal barriers to entry, with low start – up capital and no specific licensing requirements. The majority of sandwich shops operate as non – employers and the capital costs of establishing retail outlets are not substantial relative to many other retail industries, such as department stores.
On the other hand, the high level of competition and market saturation in a declining industry can prove challenging to aspiring entrepreneurs who want to start their own sandwich shop – business. Most players in the sandwich line of business are small- to medium-size establishments that cater to the local community.
With this kind of business, if you want to start on a small scale, you can choose to start it as a part time business from your home. All you would need is contacts, business cards and good marketing and customer service skills. However, if you intend starting it as a full – time business person, then you should consider renting a shop in an area that is prone to high human and vehicular traffic.
The good thing about ensuring that your sandwich shop is visible to all is so that people may easily walk into your shop to make enquiries even if they aren’t buying at that moment. With that you will be able to build your potential client list that you can use for marketing purpose.
Over and above, the sandwich industry / sandwich shop line of business is a profitable industry and it is open for any aspiring entrepreneur to come in and establish his or her business; you can chose to start on a small scale in a street corner like the average mom and pop business or you can chose to start on a large scale with several outlets in key cities.
2. Executive Summary
Nancy Moore Sandwich Shop, LLC is a standard and registered sandwich shop business that will be located in one of the busiest roads in New York City – New York.
We have been able to lease a facility along a major road that is big enough to fit into the design of the kind of sandwich shop that we intend launching and the facility is located in a corner piece directly opposite the largest residential estate in New York City.
Nancy Moore Sandwich Shop, LLC will be involved in the sale and distribution of a wide varieties of sandwich, pizzas, soft drinks, coffee and similar fast – food in our restaurant / sandwich shop and when customers order for it to be delivered to them in any location around us.
We are aware that there are several large and small sandwich shops all around New York City – New York, which is why we spent time and resources to conduct our feasibility studies and market survey so as to offer much more than our competitors will be offering. We have self – service options for our customers, and our outlet is well secured with the various payment of options.
Much more than retailing sandwich, pizzas, coffee and soft drinks, our customer care will be second to none in the whole of New York City – New York. We know that our customers are the reason why we are in business which is why we will go the extra mile to get them satisfied when they visit our sandwich shop and also to become our loyal customers and ambassadors.
Nancy Moore Sandwich Shop, LLC will ensure that all our customers are given first class treatment whenever they visit our sandwich shop.
We have a CRM software that will enable us manage a one on one relationship with our customers no matter how large the numbers of our customers’ base may grow to. We will ensure that we get our customers involved when making some business decisions that directly affect them.
We are aware of the trend in the restaurant / fast food industry and we are not only going to operate a system where our customers would have to come to our sandwich shop to make purchase or whatever they want, but we will also operate an online store and our customers can place orders for our products online and they will get it delivered to their houses or any location they want us to deliver the goods to within New York City.
Nancy Moore Sandwich Shop, LLC is a family business that is owned by Mrs. Nancy Moore and her family. Mrs. Nancy Moore is a sandwich cum fast food specialist; she has a B.Sc. in Food Science and a Diploma in Business Administration, with well over 15 years of experience in the restaurant and fast food industry, working for some of the leading brand in the United States.
Although the business is launching out with just one outlet in New York City, but there is a plan to open other outlets all around New York and perhaps in other key cities in the United States of America.
3. Our Products and Services
Nancy Moore Sandwich Shop, LLC is in the restaurant / fast food industry cum sandwich shop line of business to make profits and we will ensure we go all the way to make available a wide variety of sandwiches, and pizzas to our clients. Our product and service offerings are listed below;
- Submarine sandwiches
- Salads
- Pizzas
- Varieties of Sandwich (Turkey, Veggie Delite, Veggie Patty, Chicken, Chicken Pizziola, Chicken Teriyaki, Chicken Tikka, Chipotle Chicken, Ham, Italian B.M.T., Meatball Marinara, Roasted Chicken, Spicy Italian, Steak & Cheese)
- Coffee
- Soft Drinks
4. Our Mission and Vision Statement
- Our vision is to become the leading sandwich shop – brand in New York and to establish a one stop sandwich store in New York City and in other cities in the United States of America.
- Our mission is to establish a sandwich shop business that will make available a wide variety of sandwiches and pizzas at affordable prices to the residence of New York City and other cities in the United States of America where we intend opening of chains of sandwich shops.
Our Business Structure
Nancy Moore Sandwich Shop, LLC do not intend to start a sandwich shop business like the usual mom and pop business around the street corner; our intention of starting a sandwich shop business is to build a standard and one stop sandwich shop in New York City – New York.
Although our sandwich shop business might not be as big as Jimmy John’s and Subway, but will ensure that we put the right structure in place that will support the kind of growth that we have in mind while setting up the business. We will ensure that we hire people that are qualified, honest, customer centric and are ready to work to help us build a prosperous business that will benefit all the stakeholders (the owners, workforce, and customers).
As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of ten years or more. In view of that, we have decided to hire qualified and competent hands to occupy the following positions;
- Chief Executive Officer (Owner)
- Restaurant Manager
- Human Resources and Admin Manager
- Sandwich Maker / Pizzeria
- Sales and Marketing Manager
- Information Technologist
- Accountants / Cashiers
- Customer Services Executive
- Van Drivers / Deliverers
- Cleaners
5. Job Roles and Responsibilities
Chief Executive Officer – CEO (Chief Florist):
- Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
- Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
- Responsible for fixing prices and signing business deals
- Responsible for providing direction for the business
- Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
- Responsible for signing checks and documents on behalf of the company
- Evaluates the success of the organization
- Reports to the board
Admin and HR Manager
- Responsible for overseeing the smooth running of HR and administrative tasks for the organization
- Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
- Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
- Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
- Enhances department and organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments.
- Defines job positions for recruitment and managing interviewing process
- Carries out staff induction for new team members
- Responsible for training, evaluation and assessment of employees
- Responsible for arranging travel, meetings and appointments
- Oversees the smooth running of the daily office activities.
Restaurant Manager:
- Responsible for managing the daily activities in the sandwich shop / restaurant (kitchen inclusive)
- Ensure that the restaurant facility is in tip top shape and conducive enough to welcome customers
- Interfaces with third – party providers (vendors)
- Reports to the Chief Executive Officer
- Attends to Customers complaints and enquiries
- Prepares budget and reports for the organization
- Any other duty as assigned by the CEO
Sandwich Maker / Pizzeria / Casual Workers
- Makes sandwiches and pizzas as supervised by the kitchen supervisor
- Responsible for carrying out all casual or unskilled jobs in the shop
- Responsible for packaging pizzas and sandwiches meant for delivery
- Handles any other duty as assigned by the shop manager
Sales and Marketing Manager
- Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
- Models demographic information and analyze the volumes of transactional data generated by customer purchases
- Identifies, prioritizes, and reaches out to new partners, and business opportunities et al
- Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
- Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
- Develops, executes and evaluates new plans for expanding increase sales
- Documents all customer contact and information
- Represents the company in strategic meetings
- Helps increase sales and growth for the company
Information Technologist
- Manages the organization website
- Handles ecommerce aspect of the business
- Responsible for installing and maintenance of computer software and hardware for the organization
- Manages logistics and supply chain software, Web servers, e-commerce software and POS (point of sale) systems
- Manages the organization’s CCTV
- Handles any other technological and IT related duties.
Accountant / Cashier:
- Responsible for preparing financial reports, budgets, and financial statements for the organization
- Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
- Responsible for financial forecasting and risks analysis.
- Performs cash management, general ledger accounting, and financial reporting
- Responsible for developing and managing financial systems and policies
- Responsible for administering payrolls
- Ensures compliance with taxation legislation
- Handles all financial transactions for the organization
- Serves as internal auditor for the organization
Waiters / Waitress
- Promptly attends to customers in a friendly and professional manner
- Ensures that un-occupied tables are always set and ready for customers
- Pulls out chairs for customers as they arrive
- Handle any other duty as assigned by the Chief Operating officer / restaurant manager
Van Drivers / Sandwich Deliverers:
- Delivers customer’s orders promptly
- Deliver correspondence for the restaurant
- Runs errand for the organization
- Any other duty as assigned by the floor / line manager
Cleaners:
- Responsible for cleaning the shop facility at all times
- Ensures that toiletries and supplies don’t run out of stock
- Cleans both the interior and exterior of the store facility
- Handle any other duty as assigned by the shop manager.
6. SWOT Analysis
Our intention of starting just one outlet of our sandwich shop in New York City – New York is to test run the business for a period of 2 to 5 years to know if we will invest more money, expand the business and then open other outlets all over New York and Key Cities in the United States.
We are quite aware that there are several sandwich shops all over New York City and even in the same location where we intend locating ours, which is why we are following the due process of establishing a business.
We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be welled equipped to confront our threats.
Nancy Moore Sandwich Shop, LLC employed the services of an expert HR and Business Analyst with bias in fast food line of business to help us conduct a thorough SWOT analysis and to help us create a Business model that will help us achieve our business goals and objectives.
This is the summary of the SWOT analysis that was conducted for Nancy Moore Sandwich Shop, LLC;
- Strength:
Our location, the business model we will be operating on (physical sandwich shop and online sandwich store), varieties of payment options, wide varieties of sandwich and pizzas and our excellent customer service culture will definitely count as a strong strength for Nancy Moore Sandwich Shop, LLC.
- Weakness:
A major weakness that may count against us is the fact that we are a new sandwich shop – business and we don’t have the financial capacity to compete with multi – million dollars chains of sandwich shops like Jimmy John’s and Subway et al.
- Opportunities:
The fact that we are going to be operating our sandwich shop in one of the busiest streets in New York City – New York, provides us with unlimited opportunities to sell our sandwiches, pizzas, coffees and soft drinks to a large number of people.
We have been able to conduct thorough feasibility studies and market survey and we know what our potential clients will be looking for when they visit our sandwich shop; we are well positioned to take on the opportunities that will come our way.
- Threat:
Just like any other business, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing / spending power. Another threat that may likely confront us is the arrival of a new sandwich shop, pizza shop or fast food restaurant in same location where ours is located.
7. MARKET ANALYSIS
- Market Trends
In this era when the online community is growing rapidly, you would do your business a whole lot of favor if you create your own online presence. One of the easiest ways to get people to see you as an expert in your line of business is to blog constantly about sandwiches.
You may also want to leverage on social media platforms like Instagram, Facebook, and Twitter, and others to publicize your sandwich business. You can as well go ahead to open an online sandwich shop where people can place order from your shop.
You must ensure that your delivery system (shipping) is efficient if you intend to do well with your online sandwich shop. So also, keeping consumers’ appetites satisfied, sandwich and sub store franchises have created new menu options that capitalize on the trend of increasing awareness of the health risks associated with a high-fat diet.
The industry has also thrived by developing products at price points attractive enough to weather the slow recovery, resulting in strong revenue growth. As a result of this, these trends are expected to continue and contribute to revenue growth going forward.
8. Our Target Market
One thing about sandwich, pizza, coffee and soft drinks is that you can hardly find someone who don’t patronize them. As a matter of fact, most sandwich shops now have menu designed specifically for vegans and others depending on their preferences.
In view of that, we have positioned our sandwich shop to service the residence of New York City – New York and every other location where our sandwich shop will be located in key cities all over the United States of America. We have conducted our market research and we have ideas of what our target market would be expecting from us.
We are in business to retail a wide variety of sandwiches, and pizzas to the following groups of people;
- Event Planners
- Vegetarians
- Corporate Organizations
- Households
- Schools
- Corporate Executives
- Business People
- Sports Men and Women
- Students
- Tourists
Our Competitive Advantage
A close study of the restaurant / fast food industry reveals that the market has become much more intensely competitive over the last decade. As a matter of fact, you have to be highly creative, customer centric and proactive if you must survive in this industry. We are aware of the stiffer competition and we are well prepared to compete favorably with other sandwich shops, pizza shops and fast food restaurants in New York City – New York.
Nancy Moore Sandwich Shop, LLC is launching a standard sandwich shop that will indeed become the preferred choice of residence of New York City. Our sandwich shop is located in a corner piece property on a busy road directly opposite one of the largest residential estates in New York City – New York. We have enough parking space that can accommodate well over 20 cars per time.
One thing is certain; we will ensure that we have a wide variety of sandwiches, and pizzas available in our shop at all times. It will be difficult for customers to visit our sandwich shop and not make a purchase of sandwich, pizza, coffee or soft drinks.
One of our business goals is to make Nancy Moore Sandwich Shop, LCC a one stop sandwich shop. Our excellent customer service culture, online store, various payment options and highly secured facility will serve as a competitive advantage for us.
Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category (startups sandwich shops) in the restaurant / fast food industry, meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.
We will also give good working conditions and commissions to freelance sales agents that we will recruit from time to time.
9. SALES AND MARKETING STRATEGY
- Sources of Income
Nancy Moore Sandwich Shop, LLC is in business to retail a wide variety of sandwiches and pizzas to the residence of New York City – New York. We are in the restaurant / fast food industry to maximize profits and we are going to go all the way out to ensure that we achieve or business goals and objectives.
In essence, our source of income will be the retailing of the following products at affordable prices;
- Submarine sandwiches
- Salads
- Pizzas
- Varieties of Sandwich (Turkey, Veggie Delite, Veggie Patty, Chicken, Chicken Pizziola, Chicken Teriyaki, Chicken Tikka, Chipotle Chicken, Ham, Italian B.M.T., Meatball Marinara, Roasted Chicken, Spicy Italian, Steak & Cheese)
- Coffee
- Soft Drinks
10. Sales Forecast
One thing is certain when it comes to sandwich shop business, if your shop is well stocked and centrally positioned, you will always attract customers cum sales and that will sure translate to increase in revenue generation for the business.
We are well positioned to take on the available market in New York City and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow the business and our clientele base.
We have been able to critically examine the restaurant / fast food industry and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to startups in New York City – New York.
Below is the sales projection for Nancy Moore Sandwich Shop, LLC, it is based on the location of our business and other factors as it relates to sandwich shop start – ups in the United States;
- First Fiscal Year-: $100,000
- Second Fiscal Year-: $250,000
- Third Fiscal Year-: $750,000
N.B: This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same products and customer care services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.
- Marketing Strategy and Sales Strategy
Before choosing a location for Nancy Moore Sandwich Shop, LLC, we conduct a thorough market survey and feasibility studies in order for us to be able to be able to penetrate the available market and become the preferred choice for residence of New York City – New York. We have detailed information and data that we were able to utilize to structure our business to attract the numbers of customers we want to attract per time.
We hired experts who have good understanding of the restaurant / fast food industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in New York City.
In other to continue to be in business and grow, we must continue to sell the flowers and related products that are available in our shop which is why we will go all out to empower or sales and marketing team to deliver. In summary, Natures Delight™ Flower Shop, LLC will adopt the following sales and marketing approach to win customers over;
- Open our sandwich shop in a grand style with a party for all.
- Introduce our sandwich shop business by sending introductory letters alongside our brochure to corporate organizations, schools, event planners, households and key stake holders in Orlando, Florida
- Ensure that we have a wide variety of sandwiches, and pizzas et al in our shop at all times.
- Make use of attractive hand bills to create awareness and also to give direction to our sandwich shop
- Position our signage / flexi banners at strategic places around New York City
- Position our greeters to welcome and direct potential customers
- Create a loyalty plan that will enable us reward our regular customers
- Engage on road shows within our neighborhood to create awareness for our sandwich shop.
11. Publicity and Advertising Strategy
Despite the fact that our sandwich shop is well located, we will still go ahead to intensify publicity for the business. We are going to explore all available means to promote Nancy Moore Sandwich Shop, LLC.
Nancy Moore Sandwich Shop, LLC has a long term plan of opening outlets in various locations all around New York and key cities in the United States which is why we will deliberately build our brand to be well accepted in New York City before venturing out.
As a matter of fact, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand. Here are the platforms we intend leveraging on to promote and advertise Nancy Moore Sandwich Shop, LLC;
- Place adverts on community based newspapers, radio stations and TV stations.
- Encourage the use of word of mouth publicity from our loyal customers
- Leverage on the internet and social media platforms like; YouTube, Instagram, Facebook ,Twitter, LinkedIn, Snapchat, Badoo, Google+ and other platforms to promote our business.
- Ensure that our we position our banners and billboards in strategic positions all around New York City
- Distribute our fliers and handbills in target areas in and around our neighborhood
- Contact corporate organizations, households, religious centers, schools and event planners et al by calling them up and informing them of Nancy Moore Sandwich Shop, LLC and the products we sell
- Advertise Nancy Moore Sandwich Shop, LLC business in our official website and employ strategies that will help us pull traffic to the site
- Brand all our official cars and delivery vans and ensure that all our staff members and management staff wears our branded shirt or cap at regular intervals.
12. Our Pricing Strategy
Pricing is one of the key factors that gives leverage to sandwich shops, it is normal for consumers to go to places (sandwich shops) where they can purchase / order sandwiches, pizzas, coffees and soft drinks at cheaper price which is why big player in the restaurant / fast food industry will continue to attract loads of consumers.
We know we don’t have the capacity to compete with bigger and well – established sandwich shops like Jimmy John’s and Subway, but we will ensure that the prices of all the products that are available in our sandwich shop are competitive with what is obtainable amongst sandwich shops within our level.
We are aware that there are contracts for supply of sandwiches and pizzas by government, corporate organizations or big religious organization; we will ensure that we abide by the bidding pricing template when we bid for such contracts.
- Payment Options
At Nancy Moore Sandwich Shop, LLC, Our payment policy is all inclusive because we are quite aware that different people prefer different payment options as it suits them.Here are the payment options that will be available in every of our outlets;
- Payment by cash
- Payment via Point of Sale (POS) Machine
- Payment via online bank transfer (online payment portal)
- Payment via Mobile money
- Payment with check from loyal customers
In view of the above, we have chosen banking platforms that will help us achieve our payment plans without any itches.
13. Startup Expenditure (Budget)
In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.
This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.
As for the detailed cost analysis for starting a sandwich shop business; it might differ in other countries due to the value of their money. This is the key areas where we will spend our start – up capital;
- The Total Fee for Registering the Business in New York City – New York – $750.
- Legal expenses for obtaining licenses and permits as well as the accounting services (software, P.O.S machines and other software) – $1,300.
- Marketing promotion expenses for the grand opening of Glazers Ice Cream Company®; in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of – $3,580.
- Cost for hiring Business Consultant – $2,500.
- Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – $2,400.
- Cost for payment of rent for 12 month at $1.76 per square feet in the total amount of $105,600.
- Cost for construction of a standard sandwich shop – $100,000.
- Other start-up expenses including stationery ($500) and phone and utility deposits ($2,500).
- Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $100,000
- The cost for Start-up inventory (raw materials and packaging materials et al) – $80,000
- Storage hardware (bins, rack, shelves, food case) – $3,720
- The cost for counter area equipment (counter top, sink, ice machine, etc.) – $9,500
- Cost for store equipment (cash register, security, ventilation, signage) – $13,750
- Cost of purchase of distribution vans – $50,000
- The cost for the purchase of furniture and gadgets (Computers, Printers, Telephone, TVs, Sound System, tables and chairs et al) – $4,000.
- The cost of Launching a Website – $600
- The cost for our opening party – $10,000
- Miscellaneous – $10,000
We would need an estimate of $500,000 to successfully set up our sandwich shop. Please note that this amount includes the salaries of the entire staff member for the first month of operation and the amount could be more or lower.
Generating Funding / Startup Capital for Nancy Moore Sandwich Shop, LLC
Nancy Moore Sandwich Shop, LLC is a private business that is solely owned and financed by Mrs. Nancy Moore and her family. They do not intend to welcome any external business partners, which is why he has decided to restrict the sourcing of the start – up capital to 3 major sources.
These are the areas we intend generating our start – up capital;
- Generate part of the start – up capital from personal savings
- Source for soft loans from family members and friends
- Apply for loan from my Bank
N.B: We have been able to generate about $200,000 (Personal savings $100,000 and soft loan from family members $50,000) and we are at the final stages of obtaining a loan facility of $300,000 from our bank. All the papers and document have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.
14. Sustainability and Expansion Strategy
The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.
One of our major goals of starting Nancy Moore Sandwich Shop, LLC is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.
We know that one of the ways of gaining approval and winning customers over is to retail our sandwiches, pizzas, coffees and soft drinks a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.
Nancy Moore Sandwich Shop, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner.
As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.
Check List / Milestone
- Business Name Availability Check:>Completed
- Business Registration: Completed
- Opening of Corporate Bank Accounts: Completed
- Securing Point of Sales (POS) Machines: Completed
- Opening Mobile Money Accounts: Completed
- Opening Online Payment Platforms: Completed
- Application and Obtaining Tax Payer’s ID: In Progress
- Application for business license and permit: Completed
- Purchase of Insurance for the Business: Completed
- Leasing of facility and remodeling the shop: In Progress
- Conducting Feasibility Studies: Completed
- Generating capital from family members: Completed
- Applications for Loan from the bank: In Progress
- Writing of Business Plan: Completed
- Drafting of Employee’s Handbook: Completed
- Drafting of Contract Documents and other relevant Legal Documents: In Progress
- Design of The Company’s Logo: Completed
- Graphic Designs and Printing of Packaging Marketing / Promotional Materials: In Progress
- Recruitment of employees: In Progress
- Purchase of the Needed furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV: In Progress
- Creating Official Website for the Company: In Progress
- Creating Awareness for the business both online and around the community: In Progress
- Health and Safety and Fire Safety Arrangement (License): Secured
- Opening party / launching party planning: In Progress
- Compilation of our list of products that will be available in our shop: Completed
- Establishing business relationship with vendors – suppliers of flours / breads, ingredients, coffees and soft drinks – In Progress