◦ The purpose of the company is to provide great food with entertainment in the evening. At the same time, Members of the organization will show support to the local community by assisting during events. ◦ The idea of Wing Factory took roots during a family event. Three friends saw the economy improving and understood more people were willing to go out to spend money and enjoying a moment at lunch and evening. ◦ Wings will be the main entree throughout the menu. Additionally, sandwiches, and meal from different time in the day. ◦ There is a strong market for this form of business. The location has to be ideal to maintain a great flow of consumers. Consumers like great product and services, therefore will encourage friends to visit the business. ◦ The business philosophy is to treat every customer with respect and courtesy. The establishment will be well kept and employees have to be professional at all time while being friendly with all attendants. Every complaint is legitimate until proven unnecessary. Managing a good business takes great strength and understanding what makes others successful is to consistently find ways to improve product quality and service to customers. ◦ Wing Factory has been in business for a year and has built a strong base which provides a consistent flow of business. The strong base allows the company to have a strong amount of cash flow with a little support from a creditor. According to research done by CNN news organization, Wings stop, a franchise company that offers only wings at their restaurant has grown from 90 stores to 580 ( 2013, Pagliery). The industry has been estimated to be $450 million in 2013 ( 2013, Pagliery ). In conclusion, there is a strong market for wings. The company consists of three investors. It is a restaurant that offers chicken wings for the main course. In the evening, The business offers variety and alcohol for the night life. The business will be advertise in the local business guide, distributing flyers throughout the main business district. Also, a person will twirl a sign on the main road to let the public know about a new restaurant in the community. Since the business will be located near the highway, a sign will be added to the exit to attract more traffic to the restaurant. Leadership includes the owners and two additional mangers The owner contributes $100,000 and each partner is contributing $50,000. as the business progress
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J. Pagliery. (2013). Big Business in Wings. CCN. Retrieved From http://money.cnn.com/2013/08/02/smallbusiness/chicken-wing-craze/ Financial and Funding Request
The Executive Summary
The Finance support for the first year will be $200,000. Three investors are contributing to the financial balance sheet, Primary owner 50% of cash, and 25% from each of the individual. A formal plan will be created by a professional. A steady month to month profit will be shown in the financial spreadsheet to display a healthy business.
Although, it would be cost effective to maintain a small business bookkeeping via software, a professional should be consulted on a quarterly basis for a neutral point of view.
A healthy balance sheet shows growth and good health, a backup emergency fund will alleviate stress on all owners. Overall, the business will rely on all investors
Lastly, the financial spreadsheet records for a few years perspective on how the business will survive and hopes not to become a
J. Pagliery. (2013). Big Business in Wings. CCN. Retrieved From http://money.cnn.com/2013/08/02/smallbusiness/chicken-wing-craze/ Financial and Funding Request
The Executive Summary
The Finance support for the first year will be $200,000. Three investors are contributing to the financial balance sheet, Primary owner 50% of cash, and 25% from each of the individual. A formal plan will be created by a professional. A steady month to month profit will be shown in the financial spreadsheet to display a healthy business.
Although, it would be cost effective to maintain a small business bookkeeping via software, a professional should be consulted on a quarterly basis for a neutral point of view.
A healthy balance sheet shows growth and good health, a backup emergency fund will alleviate stress on all owners. Overall, the business will rely on all investors
Lastly, the financial spreadsheet records for a few years perspective on how the business will survive and hopes not to become a