3. • The Hindenburger Company Overview
• Services:
• Food and beverages, catering, hosting, in-house dining, housing rental
• History
• Started in a food delivery truck for 2 years
• Moved into a space in the mall in 2010 after meeting with the current
business partners
• Expanded to catering after 2 years in the mall. We have been the mall
for 5 years.
• 5 year lease expires in May 2016
• Ownership
• We share an equal partnership with each owner in a unique position
based upon their expertise.
• Leadership
• All partners share equally in the decision making
4. • Strategy & vision:
• We have decided to expand after being in
business in the mall for 5 years.
• It is a better future investment to purchase a
building rather than leasing
• We will need to secure a business expansion
loan
• Start a marketing campaign
• Purchase a location
• Remodel the location
• Hire and train new staff
• Offer incentives for current customers.
(Promotion will be needed to advertise the new
location)
Business Plan
6. • Funding request
• $200,000
• 10 year
• Building worth $180,000 & equipment worth $100,000
• Small business expansion loan
• First payment to start 90 days after originating loan
• 10 year fixed interest rate
• $100,000 Cash reserve ( Contribution $20,000 each owner)
7. January February March April May June July August
Septemb
er
October
Novemb
er
Decemb
er
Series1 0 $77,084 $77,084 $77,084 $77,084 $77,084 $77,084 $77,084 $77,084 $77,084 $77,084 $77,084 $77,084
Series2 0 $70,480 $70,480 $70,480 $70,480 $70,480 $70,480 $70,480 $70,480 $70,480 $70,480 $70,480 $70,480
0
10000
20000
30000
40000
50000
60000
70000
80000
90000
Profit & Expense Projections 2016
8. New location targeted market:
Restaurant: 18-40 year olds that like dining with friends and family in restaurants that
serve burgers, steaks, and more.
Bar: 21-30 year olds in Wausau that like to drink with friends in a bar with a
modern atmosphere.
Catering services: We will be keeping the same market as described above, with the
additional option of hosting events in the restaurant.
Target Markets
Old location targeted market
Food Court: 15-40 year olds that are in the Wausau Center mall that are
looking for a quality entree with a “classic American” feel.
Catering services:
Businesses and factories in the Wausau area that require professional,
experienced catering services with a wide range of food for events, picnics,
and banquets.
With the new location we have the opportunity to expand into the following
markets:
9. Restaurant and Bar
Coupons
-Buy one get one 50% off beverages
-25% off appetizers
Promotions
-Birthday: Your age is the percentage off of the bill on your birthday. 1
free shot (21+)
-Kolbe & Kolbe and 3M: Employees of Kolbe & Kolbe and 3M receive a
15% discount on beverages purchased at the bar.
-Rewards cards: Receive 1 punch on the card for every beverage or
entree purchased. On the 7th punch you receive a free
beverage at the bar (up to $7.99 value) or up to $9.99 off of their
bill in the restaurant if their bill is at least $16.99.
Catering Services Promotions
-Superbowl parties: If the favored team wins there is a 20% discount on
services.
-New clients: 10% discount on 1st time clients
-Repeat clients: 20% discount on 2nd time clients
Promotions and Coupons
10. Marketing Campaign
Before and during transition
-Utilization of word of mouth
-Constant social media updates
(Facebook and Twitter)
-New location's sign is built and date of
opening is visible
-Distribution of flyers/coupons
One month (3 weeks) before opening
-Periodic radio ads 10x per week, peak
hours. 94.7 WOZZ
-Periodic Wausau Daily Herald newspaper
and Buyer's Guide ads 1 per week in each
paper (Sundays)
-Constant social media updates
-Distribute coupons
11. MARKETING PLAN STAGE 3
• Day before opening
• -Hand out flyers/coupons at mall
• -Social media updates
• -Newspaper interview with Wausau Daily Herald
• -WAOW News and City Pages local business feature story
are aired/printed
•
Opening Day
• -Radio ads (3)
• -Social media updates
•
12. Marketing Campaign Projected Expenses
Social Media- Facebook and Twitter
-Constant usage throughout campaign
-No charge
Radio ads =$5500
-33 15 second ads, package deal =$5000
-Cost of recording and production of ads =$500
Newspaper ads =$2400
-6 4x6in ads (doubles as a cutout coupon)
Coupon/flyer printing =$25
-Price for 100 sheets with 4 flyers on each
Total cost: $7925
Rosa: Hiring, training, taking care of legal matters, addressing employee concerns; Ryan: Working directly with customers to ensure satisfaction, working with distributors, customer service; Alicia: finances, accounting, paying vendors, preparing financial statements for business; Cody: Marketing and promotions, customer satisfaction, advertising decisions; Seth: Maintain daily operations, business representative, in charge of daily functions and oversight of employees
Proposed Location of purchase property
This is the inside of the purchase property as is
This is the vision we have after renovations have been completed