Sales Budjets Coursework Example | Topics and Well Written Essays - 1000 words

Sales Budjets - Coursework ExampleThis report would cover the financial standing of the company, global information and projected earnings and spending in a twelve month period. The investors start-up capital would be ?60 000 which comes from their savings. 2. Product Description 2.1 Product Sandlicious would set off quality handmade sandwiches, which is mainly focused in this single product. The company wants to project an image that Sandlicious is a small local bakery that provides excellent good and quality food. It is a fast moving consumer food product. The ingredients of the product include meat, wheat and bread and terminate be considered as a substitute for lunch. It is very handy and cigarette be quickly taken along by deal who are on the go. The sandwich is fresh all the judgment of conviction and cloture inventory would be kept low to besmirch spoilage. The cost of producing each sandwich is estimated at ?3.05.Each sandwich would be sold at 5 GBP. 2.2 localizati on principle The bakery/shop will be located on Marylebone High Street in central London since this is a busy area. Many people live and work around this area hence, the reason for choosing the location. Foot traffic is also high, which means a lot of people can easily downslope by and buy a sandwich. Market research conducted revealed that there are very few bakeries around that area. Furthermore, Sandlicious is unique because the sandwich is handmade and has a competitory price. Since Sandlicious is not a franchise, it presents a more supernumerary type of sandwich that offers varieties and very-friendly service. The market would perceive the product as fresh at the same time affordable. It is expected that loyal customers would be acquired as the bakery provides consistent quality service. 2.3 Marketing and Promotion Sandlicious is aware of the importance marketing to gain customers which would result to profitability. In fact, Sandlicious would be raising the number of units produced monthly in the hope that more sales would be generated. The companys marketing campaign would place ferocity on advertising beginning with a ?1000 budgets for the first two months. Distribution of flyers is part of the marketing budget. On the succeeding months, budget for advertising surrounded by ?150-300 would be spent to reinforce the product on the market. It is also expected that sales would increase through word of mouth as satisfied customers itemize other people about our products. 3. Financing 3.1 Payment All the payments should be by cash or card at the time of purchase. The product can be bought at the store, and the company has not yet considered delivery service at this point. A variety of sandwiches would be offered to the market plus a special for the day. Sandlicious can also have a business to business partnership with other establishments but the main revenue would not be derived from such sales. The customers can choose from whatever is offered for a given day. 3.2 Costs The business operations of Sandlicious would involve several costs such as labor costs and operating cost costs. It is imperative for Sandlicious to hire skilled workers who can prepare sandwiches. There would be a need for two workers who would work for eight hours a day, 20 long time a month. The salary of a worker is ?7 per hour, which is above the minimum wage. In a month, the fixed costs for two workers would be ?2,240. To further minimize additional salary costs, the owners would act as cashier and supervisor. Instead of receiving a monthly salary, they would just get their share from the monthly profit. Aside