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Business Plan
Sector: Food & Hospitality
Contact Details:
Pushp Raj (pg14pushp_r@mandevian.com)
Shashank <Add Your Email>
Heena<Add Your Email>
Minerva<Add Your Email>
Samarpan<Add Your Email>
Mohit<Add Your Email>
Executive Summary
Business Overview
We are Delhi NCRs first online customized tiffin service. Now you
can design your own meal and enjoy home style cooked meal at
your doorstep.
We offer foods from various parts of India. You can choose your
meal from a variety of Rice, Dal, Roti (Chapatti), Vegetables,
Salads, Raitas. Not only this, you can also choose your Pickles,
Chutneys and Papads and Desserts. We also offer Indian snacks
like aloo chaat, Bhel Puri, Pav Bhaji etc.
You can order any combination as per your requirements with the
minimum meal cost is just Rs. 70.
If in case you dont want the hassle of selecting your meal every
day we also have pre-set meals like small meals, full meals, feast
meals, low calorie meals, and medium calorie meals.
We at ChooseUrMeal ensure the food quality as:
o We do not use of any kind of artificial colors, flavors, or
preservatives.
o The food is cooked fresh and no pre-cooked food is used.
o Food is packed in a clean disposable container which is
environment friendly.
o We also have group of food connoisseur who consistently
provide feedback.
o We have taken some of the nutritionists on board who help
prepare your diet as per your diet requirement.
Keys to Success
We will hire top notch chefs and offer training to keep the chef on
top of his/her game, and pay top wages to ensure they stay with
us.
Target Market
Our customer is a young, environmentally and socially conscious, and
well educated individual working at a corporation. An estimated number
of working professional in Delhi NCR is 15 lakh. Customers also
encompass families, students, and young couples who may not always
have time or energy to cook a meal at home. These customers value
hygienic, healthy, and tasty meals.
Over the course of time we plan to expand into the all the metropolitan
cities across India.
Targeted Clients:
In addition to targeting people on an individual basis, in the initial phase
we will also develop long-term contracts with corporations based in DLF
Cyber-City Gurgaon to supply lunches to their workers. Through such
relationships, we will be able to deliver our tiffins on a company-wide
basis.
These companies as well as others would need to be contacted to
explore the possibility of a contract.
Contracts with other corporations provide the opportunity to increase
exposure on a large scale than with individual delivery and receive more
revenues per tiffin. Corporations interested in potential distribution of
our tiffin can have a 1 or 2 week trial with assurances of a partial refund
if unsatisfied.
SWOT Analysis
Strengths
Weaknesses
Opportunities
Threats
Competition
Our competitors are any providers of prepared foods; this includes food
vendors, restaurants, and street food carts, other unorganised tiffin
service provider and also office canteen caterers. We will compete with
them by offering a more user friendly ordering system where a user can
customise his/her food by selecting his food from a ton of items
available in the menu. Also the food that we provide will be hygienic and
healthy food, with a feel and taste of home-cooked food and will charge
a reasonable cost for this.
The major problems of the current tiffin vendors are - employee
turnover, inconsistent food quality because of shifting suppliers, and
dirty food containers (particularly stains with plastic containers).
Customers are majorly dissatisfied with existing tiffin suppliers because
the food is basically tasteless, unhygienic, and unhealthy". This
suggests that there is a room for improvement in food quality and
delivery and this is where we will differentiate ourselves from the
existing players.
Marketing Strategy
Advertising to attract customers will be done through internet marketing
(including Facebook, Twitter, SEO and developing a user-friendly
website) as well as posting ads and flyers at coffee shops and buildings.
Indirect marketing will occur through word of mouth and newspaper
reviews.
Also we will directly contact corporations operating in NCR and will try to
forge a relationship with them to supply tiffin on a company wide basis.
The person making food purchasing decisions would be identified and
targeted by a salesperson from our team.
Positioning Statement
ChooseUrMeal.com will be the online customized tiffin service provider
in the Delfi NCR Region. We will offer reasonably priced meals which can
be customized according to the customers wish which will be delivered
to the customers doorstep. We have a wide selection on our menu and
also have nutritionist to prepare a diet plan in case someone needs a
consultation. We are open 7 days a week.
Pricing Strategy
The profitability of individual dishes can vary significantly and will
initially determine the cost of the menu items. We will also update our
menu to take advantage of seasonality for example in local produce
items. We will also provide discount on bulk orders and first time orders.
We will also have some discount coupon for referral scheme. The price
of a meal will range from Rs. 70 to 300 for one person depending upon
the quantity ordered.
Financial Goals
The initial cost to open the ChooseUrMeal.com is 1100000. The
majority of the expenses are in website design and in equipment.
In a month on an average we will sell 100-120 tiffin per day on
weekdays for the first 1 year at an average price of 120.
Revenue on weekdays = 120 X 120 = 14400
14400 X 5 X 52 = 3744000
On the weekend our sale would decrease to half i.e. 50-60 tiffin per day.
Revenue on the weekend = 60 X 120 X 2 X 52 = 748800
Total revenue = 3644000 + 748800 = 4492800
Year 1 Revenue = 4492800
Expenses = 2620800 + 2000000 = 4620800
Year 2:
200-240 Tiffin per day on weekdays and 100-120 per day on weekend
Revenue = 240 X 130 X 5 X 52 + 120 X 130 X 2 X 52 = 9734400
Expenses = 240 X 90 x 5 X 52 + 120 X 90 X 2 X 52 = 6739200
Expected
Financials
Revenue
Expenses
Profit/Loss
1st Year
2nd Year
3rd Year9
4th Year
4492800
9734400
14976000
359424000
4620800
9739200
12597000
316746000
(128000)
995200
2379000
42678000
Next Steps
The following topics would need to be explored during the incubation
period.
Packaging and Food: We will explore alternative environment friendly
insulation options as well as bamboo or similar packaging.
Marketing: We will be developing appropriate outreach and advertising
strategies to reach out to individuals and corporations also we will test
which are most appropriate and effective packaging and will further
develop brand and packaging.
Partnerships: We will explore contracting with college and corporations
to make us the supplier of tiffin on the company/college wide basis.
Expansion: Based on the initial response we will determine future
growth opportunities such as considering additional regions to expand
to.
Operations: We will develop operations plan related to transportation
and plan to address cleanliness and hygiene.