Second of all, the business is thoroughly adapted (and, further more, even adaptable) to the general income distribution in Detroit City and the countries in the area. Its focus is on "affordable" products and services rather than expensive ones. The effect of this is two-fold. First of all, it adds a large number of potential clients from the very beginning. Second of all, this is the type of price policy that is likely to make loyal customers in a region with medium and low incomes. Even more, the population with income of over $50,000 (around 27%) represents a segment of potential clients, since these are generally the type of individuals interested in healthy food and a healthy food diet.
Third of all, it is also important to note that the business is in itself diversified to reach out to as many potential customers rather than focus explicitly on the characteristic of a niche market. The soul, Motown theme is not to be ignored, since it is likely to bring in potential clients who are not necessarily interested in healthy food, but like to serve it in a location that plays their favorite type of music and displays the type of atmosphere that they can easily identify with. Even more, Detroit is known as the centre of the Motown soul phenomenon, so part of the activity will be directed towards this type of artistic profile.
Financial information
Personnel plan
The table below shows the personnel projection over a period of 3 years. The personnel and payroll costs will hold most of the expenses, so a separate evaluation is appropriate. The CEO/General Manager will not receive a salary, since his retribution will be in the form of profit participation. On the other hand, the PR/Marketing manager and the COO will see their salaries gradually increasing over the analyzed period. Since it is best for the team to remain more or less unchanged over the interval of the business activity and while the chef is the most important character from an operational perspective, his salary will increase with approximately 15% after the first year on the job and with an additional 9% after the second year. The personnel growth will be coordinated with the business growth, but estimations...
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