Preview

Accounting

Powerful Essays
Open Document
Open Document
1620 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Accounting
Bakery Business Plan
Ericson Bakery (EB)
Executive Summary
Introduction
Ericson Bakery (EB) is a start-up coffee and bakery retail establishment located in the heart of Eldoret Town. EB expects to catch the interest of a regular loyal customer base with its broad variety of coffee and pastry products. The company plans to build a strong market position in the town, due to the entrepreneur's industry experience and mild competitive climate in the area.
EB aims to offer its products at a competitive price to meet the demand of the middle-to higher-income local market area residents.
The Company
EB is incorporated in Eldoret Town, its postal address being The mobile number being It is owned and managed by its owner-Eric Kipchoror Kiplagat.
Mr.Eric Kipchoror Kiplagat has extensive experience in accounting, sales, marketing, and management and is the Sales Executive of Sergoit Golf & Wildlife. The company intends to hire two full-time pastry bakers and six waitresses to handle customer service and day to day operations.
Products and Services
EB offers a broad range of coffee and pastry products, all from high quality Kenyan grown coffee beans. EB caters to all of its customers by providing each customer coffee and pastry products made to suit the customer, down to the smallest detail.
The bakery provides freshly prepared bakery and pastry products at all times during business operations. Six to eight moderate batches of bakery and pastry products are prepared during the day to assure fresh baked goods are always available.
The Market
The retail coffee industry in the town has recently experienced rapid growth. The cool climate in region stimulates consumption of hot beverages throughout the year.
EB wants to establish a large regular customer base, and will therefore concentrate its business and marketing on local residents, which will be the dominant target market. This will establish a healthy, consistent revenue base to ensure stability of the

You May Also Find These Documents Helpful

  • Good Essays

    accounting

    • 463 Words
    • 2 Pages

    You are partner in charge of the audit of Shangri‑La, Inc. The company is a real estate developer, specializing in luxury vacation areas. The company's operations have been profitable, although not spectacular. Most of the development property is pledged as collateral for bank loans; there is a reasonable stockholders' equity of about $10,000,000.…

    • 463 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Mr. Austin Patterson has extensive experience in sales, marketing, and management, and was vice president of marketing with both Jansonne&Jansonne and Burper Foods. Mr. David Fields brings experience in the area of finance and administration, including a stint as chief financial officer with both Flaxfield Roasters and the national coffee store chain, BuzzCups.…

    • 1979 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Cas 315

    • 1522 Words
    • 7 Pages

    * In discussion with the company's management, you have learned that ECR currently has about 10% of the coffee bean market in Ontario. Its coffee is considered to be a premium product because of its ethical sources but also because it purchases only the highest quality of Arabica beans and uses a special just-in-time roasting and delivery business process that puts the very best-quality product into the stores at the peak of its flavour. About 75% of its sales are to independent neighbourhood coffee shops in urban areas. ECR also sells to one major coffee…

    • 1522 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Electronic Business, is the administration of conducting business via the Internet. This would include the buying and selling of goods and services, along with providing technical or customer support through the Internet. The benefit is ebusiness allows people to carry out businesses without the barriers of time or distance.…

    • 598 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Accounting

    • 2910 Words
    • 12 Pages

    F, a 50 percent owner of Y, is single and has no other tax information. F's A.G.I. is…

    • 2910 Words
    • 12 Pages
    Better Essays
  • Powerful Essays

    Build or Buy

    • 1993 Words
    • 8 Pages

    trade coffee and espresso beans (Island Style Bagel and Tea, 2010). They also freshly roast all…

    • 1993 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    Accounting

    • 501 Words
    • 3 Pages

    The conveyance of a noncash financial asset by and to someone other than the issuer of that financial asset. A transfer includes the following: selling a receivable, putting a receivable into securitization trust, and posting a receivable as collateral. A transfer excludes the following: the origination of the receivable, settlement of a receivable, and the restructuring of a receivable into a security in a troubled debt restructuring.…

    • 501 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Etc. The leading competitor, H-E-B, provides good customer service, loyalty to not only customers but to their employees as well. Providing fresh fruits, vegetables and bread as well as many other high quality goods. From Operation Appreciation to Disaster Relief, the company continues to look out for our community and strives to be the very best it could possibly be.…

    • 279 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    In order to draw in new clients, the Elite building is within walking distance of multiple businesses, giving easy access to business professionals as a target market. As most competitors focus on women, focusing on professionals might allow Elite to grow a niche market.…

    • 2053 Words
    • 11 Pages
    Powerful Essays
  • Satisfactory Essays

    H-E-B Company is one of the largest, independently owned food retailers in the nation with hundreds of stores throughout Texas and more than 76,000 Partners (employees). Described by industry experts as a daring innovator and smart competitor, H-E-B has led the way with creative new concepts, outstanding service and a commitment to diversity in our workforce, workplace and marketplace.…

    • 542 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Accounting

    • 320 Words
    • 2 Pages

    1. Ida needs to test the U.S. commercial building for recoverability under both U.S. GAAP and IFRSs. Recoverability test is one of the requirement tests for impairment. As a result, we need to verify if impairment should be recognized.…

    • 320 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Emaar Final

    • 4919 Words
    • 20 Pages

    In line with its Vision 2010, Emaar is charting a new course of growth through a two-sided strategy of geographical expansion and business segmentation. Replicating its successful business model in Dubai, Emaar is extending its expertise in creating master-planned communities to international markets. Simultaneously, Emaar is developing new competencies in hospitality & leisure, malls, education, healthcare and financial services, which have evolved from its integrated approach to customer service and property development.…

    • 4919 Words
    • 20 Pages
    Powerful Essays
  • Powerful Essays

    Marketing and Gardenia

    • 6002 Words
    • 25 Pages

    |A commercial bakery was finally started in March 1983 at Pandan Loop, producing 2000 loaves per hour. |…

    • 6002 Words
    • 25 Pages
    Powerful Essays
  • Powerful Essays

    In year 2001 old town expanded instant coffee mix’s product line to include different variation expanded their export market to H.K…

    • 3821 Words
    • 16 Pages
    Powerful Essays
  • Good Essays

    Frozen Vegetables Market

    • 649 Words
    • 3 Pages

    EFT is a fast-growing international company, which sells frozen vegetables and fresh products to different clients, located in different continents in the world. The main products that EFT is offering are corn, beans, cauliflower, carrots, potatoes and peas. For 40% of the time, EFT is not selling its products directly to the customer. In that case, EFT is a business-to-business company, which supplies its products to local importers or distributors, who take into consideration the further needs, wants and demands of their customers. Most of the customers of those distributors and importers are customers within the food industry. Here you can think of supermarket chains or catering companies. On the other hand, EFT is dealing with 60% of its customers by itself. It does so by dealing directly with four big hotel chains, located in Canada, Singapore, Hong Kong, and other parts in Asia.…

    • 649 Words
    • 3 Pages
    Good Essays