Food Truck Business Plan Assignment Example | Topics and Well Written Essays - 2500 words

sustenance Truck Business Plan - Assignment Exampleintends to expand its operations and purchase a support wagon to operate in dissimilar regions. The company also plans to do a considerable orbit of sales through cookery, delivery of arepas, and having the wagon located near and in military bases, port of savannah during weekends and topical anaesthetic festivals. An estimate of ? of the total sales revenue is expected to come from these truck operations. In post to avoid and reduce inventory spoilage, the company plans to offer delivery services of regimen and beverages to third party cafes, restaurants and other food serving points for the period of intemperate conditions. Arepa Food Truck will stay veritable to its name by offering different arepa varieties. The hallmark of the unique style of the organization is the combination of arepa with cheese, avocado, jam, egg, and jelly. The different varieties offered by the company include the basic grilled arepas (arepa Vall una), arepa de queso, arepa Choclo (with cheese), arepa de huevo (with egg), and arepas rellenas (sandwich arepas). 2 securities industry Feasibility Currently, the United States preservation is still recovering from the 2010 economic recession. Though this recession affected many businesses, Arepa Truck Food Inc. is judge to make profits. The company will sustain its profitability from the high sales margins from the sale of its products. Moreover, the business is liquid and can be shifted to regions where it can make considerable sales. Presently, in that respect are no high quality, Latin American cuisines being offered in twain Savannah and Beaufort. Arepas Truck Food Inc. will offer pertly prepared arepas with a diverse organic menu that will permit the patrons to customize their arepas as match to their preferences. Every customer order will be expected to take not more than trine minutes. One of the significant concerns for the business is how to price its products affordably during seasons of thorns of oil prices (Martins, 2013). The food and beverage retail industry has experience an enthusiastic level of growth over the past few years. The United States Economic Census indicates that there are more than 22 cafeterias, mobile food services and specialty restaurants in Savannah and Beaufort. This depend is, however, anticipated to augment over the next few years. Additionally, this industry seems to experience a 10% enlarge in sales per year. Reports also indicate that the food and beverage industry is worth more than 30 million US dollars and experiences an average sales income of 21 million US dollars annually (Elmore, 2010). 3 Market Size Statistics indicate that there are currently more than 250, 000 people living in both Savannah and Beaufort. There are approximately five military bases in both areas with a macrocosm of approximately 10, 000 people. Furthermore, the port of Savannah has an approximate of 4, 000 people in a day. On th e other hand, the local festivities such as the St. Patrics Day celebrations, Home Water Festival, and the Shrimp Festival attract more than 5, 000 tourists per year (Elmore, 2010). These are the companys principal target market segments. The average income of residents in both areas is estimated to be between 6, 000$ to 10, 000$. On the other hand, it is estimated that tourists spend more than 3 million US dollars during the festivities. The positions and locations of the food trucks to make stops were selected based on the amount of food vendors that those regions receive and the number of prospective patrons in the regions. Savannah and Beau