Feasibility Record

 Feasibility Survey Essay

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Feasibility Report

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Feasibility Report

Income Sources

The organization will sell collection cakes, cupcakes and espresso. The income from the organization will come in the sale of embellished cakes and cupcakes, as well as coffee for customers who visit the shop. The business will increase revenue by service: wedding cake decoration and creation from the centerpieces of countless of the most remarkable occasions in the lives of clients. Services revenue should come from distinct customized pastry designs, adornment and bake creations. The company will use various designs because discussed by simply Graham (2007) and Pat (2011). Difficulties revenue source during the preliminary year will be service income, including beverage, cakes, and cupcakes sales. The business contains walk-in assistance. It will have two ordering delivery channels; mobile phone orders and via on-line ordering. В In addition, parking bays will be provided for a fee. The projected earnings from auto parking bays will probably be $75000 each year. The earnings from the sale for cupcakes, cakes and refreshments is projected to be $100000 yearly. The revenue by custom-making services will be $50000 annually. Consequently , the total projected revenue will be $225000. Price Drivers

The business enterprise will consider the costs in order to stay in business (Marron, 2014); (Kidder, 2012 ). a) Upfront Costs

Since the business is new, there will be a lot of starting costs before recognized opening. Upfront costs consist of the acquiring furniture and fittings (table, chairs, coffee makers, installation of EFTPOS (electronic money transfer by point of sale) and computers, cutlery, and entrance decoration (Ilasco and Tapia, 2012 ); (Spencer, 2010). Advertising expenditures will consist of the marketing campaign in the first year. The advertising drive will be geared towards increasing sales to look after the additional costs (Marquis, Demand Multimedia, 2014). Materials for shop decoration to be used to attract new customers. The total cost will include the price tag on employing an inside designer. Additionally , the business is going to consider the bond to get the hire. This is because the cost must be paid prior ahead of the business is definitely opened. You will see other straight up costs that will include the accreditation and legislations required for the business opening (Department of Wellness, 2014). b) Fixed Costs

Owing to the scenic part of Melbourne, the high cost of lease must be considered. Utilities just like lighting, heat, telephone lines, internet router and air conditioning have to be considered before the official opening. The business will select a cheap electricity supplier. There are many to choose from (Smart Utilities, 2014). For a nice-looking design of the display at the mechanic, an interior custom made with experience will probably be sought once per year. The fee associated with this will likely be recorded as ‘expenses for design and style. ' Besides, the parking bays' rental will be a yearly fixed cost paid to Melbourne Metropolis Council (Hamer, Currie and Young, 2011). The auto parking bays will probably be provided to increase revenue. The business enterprise will take legislations into consideration, because set twelve-monthly fees will have to be paid towards the relevant physiques to ensure organization continuation. c) Variable Costs

These are the expenses that could change with all the output from the business. The key variable expense in the pastry and cupcake shop is usually raw materials employed in the production of cupcakes, caffeine and truffles such as lollies, vegetables, fruits, flour, dairy, coffee beans and chocolate (Leach and Melicher, 2014). The price of vegetables and fruits will change depending on periodic and weather conditions changes. В There will be different variable costs like package deal expenses: bins, bags, staff wages and utilities. The workers in the shop includes 1 baker

you decorator

Junior casual staff

Salary will be paid fortnightly. Additionally , the business will give you staff outfits and teaching opportunities. В...

References: Aaron Marquis, Require Media, 2014. The Average Profit Margin for the Cake Bakery. [Online]

Available at: http://smallbusiness.chron.com/average-profit-margin-cake-bakery-14214.html

Department of Health, V. A., 2014. Starting a food organization. [Online]

Available at: http://www.health.vic.gov.au/foodsafety/bus/foodbus.htm

Graham, M., 2007. The Crabapple Food handling business Cupcake Cookbook. Print male impotence. London: Penguin Group (USA) Incorporated.

J. Leach, Ronald Melicher, 2014. Entrepreneurial Financial. 5 ed. Stamford: Cengage Learning.

Kidder, D., 2012. The Start-up Playbook: Secrets of the Fastest-Growing Startups from other Founding Entrepreneurs. Illustrated education. San Francisco: Share Books.

Papeleta, D., 2014. Cupcake Economics. [Online]

Available at: http://dmarron.com/2009/11/28/cupcake-economics/

Meg Mateo Ilasco, Catherine Seto, 2012. Mom, Incorporation.: The Essential Tips for Running a Good Business Near to Home. Illustrated ed. San Francisco: Chronicle Books.

Melbourne, C. o., 2014. Rates and valuations. [Online]

Offered at: https://www.melbourne.vic.gov.au/buildingandplanning/ratesandvaluations/Pages/RatesandValuations.aspx

Paul Hamer, Graham Currie, William Young, 2011. Parking Cost Policies – A review of the Melbourne traffic jam levy. Australasian Transport Exploration Forum 2011 Proceedings, 1(1), pp. 1-16.

Spencer, L., 2010. Start up a Cupcake Business Today. Birmingham: InformationTree Press.

StartupBizHub, 2014. Starting a Cake Business. [Online]

Available at: http://www.startupbizhub.com/starting-a-cake-business.htm

Utilities, H., 2014. Evaluate Electricity Prices in Exito. [Online]

Available at: http://www.smartutilities.com.au/electricity-comparison-victoria/

Wilson, M., 2011. Baker 's Discipline Guide to Cookies. Unabridged, reprint ed. Nyc: Houghton Mifflin Harcourt.

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