Business Plan Snek N Chill
Business Plan Snek N Chill
Ydellienne Heerenveen
SNEK N CHILL
Snek N Chill
Table of Content
1. Industry Overview
2. Executive Summary
6. SWOT Analysis
7. MARKET ANALYSIS
1. Industry Overview
Snack bars belong to the snacks and coffee shop industry and this industry is made up of
establishments that prepare or serve specialty snacks, alcoholic and nonalcoholic
beverages including ice cream, frozen yogurt, cookies, donuts, bagels, coffee, juices,
smoothies, beer, wine, wine coolers and sodas et al. Please note that purchases may be
consumed on site, taken to go, or delivered.
A close watch of happenings in this industry shows that the Snack Shops industry has been
sustained by increased consumer spending, which was driven by higher disposable income
and greater confidence in the economy.
Demand for snack shops has increased at a faster rate than most segments of the food
service sector as consumers increasingly seek convenience at an affordable price. Major
operators are expected to expand their menus in the nearest future to increase sales and
profit margins. This expansion includes more offerings of nontraditional, high-margin menu
items such as iced coffee drinks, breakfast items and wraps.
This industry relies heavily on labor because of the need for personal, face-to-face service
and labor input in all areas of operation including order taking, serving, food and beverage
preparation, acceptance of deliveries, cleaning, and management.
Further stated that the industry’s overall spend on labor is relatively low as most positions
within snack shops require little training or skills and can be undertaken by students or other
low-skilled workers.
The Snacks industry is a thriving sector of the economy of Curacao. In Curacao, the snacks
and coffee shops industry generate over Fl.14 million annually from more than 150
registered snacks and coffee shops scattered all around Curacao.
The industry is responsible for the employment of over 500 people.
The Snack industry has minimal barriers to entry, with low startup capital and specific
licensing requirements. On the other hand, the high level of competition and market
saturation in a declining industry can prove challenging to aspiring entrepreneurs who want
to start their own snack bar. Most players in the snack and coffee shop line of business are
small to medium sized establishments that cater to the local community.
The snack industry is a profitable industry, and it is open for any aspiring entrepreneur to
come in and establish his or her business; you can choose to start on a small scale in a
street corner like the average mom and pop business or you can choose to start on a large
scale with several outlets in key cities.
2. Executive Summary
Snek N Chill B.V. is a registered snack and coffee bar that will be located in the
neighborhood of Suffisant. We have been able to lease a facility along a major road that is
big enough to fit into the design of the kind of snack bar that we intend launching and the
facility is on the corner piece of Reggestraat.
Snek N Chill B.V. will be involved in preparing and serving specialty snacks and food, and
nonalcoholic and alcoholic beverages including ice cream, frozen yogurt, cookies, donuts,
bagels, coffee, juices, smoothies, beer, wine, wine coolers, and sodas et al.
We know that that there are several snack bars and related businesses all around Curacao
which is why we spent time and resources to conduct our feasibility studies and market
survey so as to offer much more than our competitors will be offering.
We are aware of the trend in the snack industry and we are not only going to operate a
system where our customers would have to come to our snack bar to make purchase and
eat or whatever they want, but we will also operate an online store where our customers
can place orders for our products online and they will get it delivered to their houses or any
location they want us to deliver the purchase to within the vicinity of 30km from the location
of the store.
Snek N Chill B.V. will always demonstrate her commitment to sustainability, both
individually and as a firm, by actively participating in our communities and integrating
sustainable business practices wherever possible. We will ensure that we hold ourselves
accountable to the highest standards by meeting our client’s needs precisely and
completely.
Our plan is to position the business to become one of the leading brands in the snack
industry and also to be amongst the top 20 snack bars in Curacao within our first 10 years
of operation.
This might look too tall a dream but we are optimistic that this will surely be realized
because we have done our research and feasibility studies and we are confident that
Suffisant is the right place to launch our snack bar.
Snek N Chill B.V. is a friend related business that is owned by Ydellienne Heerenveen,
Alincio Hooker and Tyron Jacobs.
Although the business is launching out with just one outlet in Curacao, there is a plan to
open other outlets in the future and in other areas in Curacao.
3. Our Products and Services
Snek N Chill B.V is in the industry to make profits and we will ensure we go all the way to
make available a wide variety of snacks and drinks to our clients. We are prepared to make
profits from the industry and we will do all that is permitted by the law in Curacao to achieve
our business goals and objectives.
Our product and service offerings are listed below;
Snack foods (chips, chocolate/ candy, pastechi, loempia, johny cakes, etc.)
Hot dogs
Burgers
Breakfast/ Sandiwches
Warm Meals
Grill
Coffee/ tea
Soft Drinks
Juice
Smoothies
Beer, wine, and wine coolers
Snack Manager
Responsible for overseeing the smooth running of HR and administrative tasks for
the organization
Maintains office supplies by checking stocks; placing and expediting orders;
evaluating new products.
Ensures operation of equipment by completing preventive maintenance
requirements; calling for repairs
Defines job positions for recruitment and managing interviewing process
Carries out induction for new team members
Responsible for training, evaluation and assessment of employees
Responsible for arranging travel, meetings and appointments
Oversees the smooth running of the daily office activities.
Responsible for managing the daily activities in the snack bar (kitchen inclusive)
Ensures that the bar facility is in tip top shape and conducive enough to welcome
customers
Reports to the Chief Executive Officer
Attends to Customers complains and enquiries
Snack Makers
Makes snacks such as potato and corn chips, pastechi, ohnny Cakes, Crocket, and
other similar snacks as supervised by the kitchen supervisor
Responsible for carrying out all casual or unskilled jobs in the bar and kitchen
Responsible for packaging snacks meant for delivery
Handles any other duty as assigned by the snack bar manager
Accountant/Cashier:
Responsible for preparing financial reports, budgets, and financial statements for the
organization
Provides managements with financial analyses, development budgets, and
accounting reports; analyzes financial feasibility for the most complex proposed
projects; conducts market research to forecast trends and business conditions.
Responsible for financial forecasting and risks analysis.
Performs cash management, general ledger accounting, and financial reporting
Responsible for developing and managing financial systems and policies
Responsible for administering payrolls
Ensures compliance with taxation legislation
Handles all financial transactions for the organization
Serves as internal auditor for the organization
Waiters/Waitress:
Promptly attends to customers in a friendly and professional manner
Ensures that unoccupied tables are always set and ready for customers
Pulls out chairs for customers as they arrive
Handles any other duty as assigned by the bar manager
Van Drivers:
Delivers customer’s orders promptly
Delivers correspondence for the restaurant
Runs errands for the organization
Any other duty as assigned by the manager
Cleaners:
Responsible for cleaning the bar facility at all times
Ensures that toiletries and supplies don’t run out of stock
Handles any other duty as assigned by the bar manager
6. SWOT Analysis
Our plan of starting with just one outlet of our snack bar in Curacao is to test run the
business for a period of 3 to 5 years to know if we will invest more money, expand the
business and then open other outlets.
We are quite aware that there are several snack bars and similar businesses all over
Curacao and even in the same location where we intend locating ours, which is why we are
following the due process of establishing a business.
We know that if proper SWOT analysis is conducted for our business, we will be able to
position our business to maximize our strength, leverage on the opportunities that will be
available to us, mitigate our risks and be equipped to confront our threats.
Snek N Chill B.V. employed the services of an expert Business Analyst with bias in the
restaurant and fast-food line of business to help us conduct a SWOT analysis and to help
us create a Business model that will help us achieve our business goals.
This is the summary of the SWOT analysis that was conducted for Snek N Chill B.V.
Strength:
Our location, the business model we will be operating, varieties of payment options, wide
varieties of snacks and alcoholic and nonalcoholic drinks and our excellent customer
service culture will definitely count as a strong strength for Snek N Chill B.V. So also, we
have a management team that has what it takes to grow a new business to profitability
within a record time.
Weakness:
A major weakness that may count against us is the fact that we are a new snack bar, and
we don’t have the financial capacity to compete bigger established snack shops et al.
Opportunities:
The fact that we are going to be operating our snack bar in Suffisant where there is not a lot
of competition, provides us with unlimited opportunities to sell our products to a large
number of people. We have been able to conduct thorough feasibility studies and market
survey and we know what our potential clients will be looking for when they visit our snack
bar; we are well positioned to take on the opportunities that will come our way.
Threat:
Just like any other business, one of the major threats that we are likely going to face is
economic downturn. It is a fact that economic downturn affects purchasing / spending
power. Another threat that may likely confront us is the arrival of a new snack bar or fast-
food restaurant in the same location where ours is located.
7. MARKET ANALYSIS
Market Trends
One of the obvious trends in the snack industry is that the industry has experienced a boost
by rebounds in consumer spending and retailers have expanded the number of low-calorie
options due to rising health consciousness. The industry’s high level of competition is
expected to intensify in the coming years.
In this era when the online community is growing rapidly, you would do your snack bar
business a whole lot of favor if you create your own online presence. One of the easiest
ways to get people to see you as an expert in your line of business is to blog constantly
about snacks.
You may also want to leverage on social media platforms like Instagram, Facebook, and
Twitter, and others to publicize your snack bar. You can as well go ahead to open an online
snack bar where people can place orders from your shop. You must ensure that your
delivery system is efficient if you intend to do well with your online sandwich shop.
So also, snack bars have created new menu options that capitalize on the trend of
increasing awareness for the health risks associated with high – fat diets. The industry has
also thrived by developing products at price points attractive enough to weather the slow
economic recovery, resulting in strong revenue growth.
Our competitive advantage
A close study of the snack industry reveals that the market has become much more
intensely competitive over the last decade. As a matter of fact, you have to be highly
creative, customer centric and proactive if you must survive in this industry. We are aware
of the competition and we are prepared to compete favorably with other snack bars in
Curacao.
Snek N Chill B.V. is launching a standard snack bar that will indeed become the preferred
choice of residents of Suffissant. Our snack bar is located in a corner piece property on a
busy road. We have enough parking space that can accommodate over 6 cars per time.
One thing is certain, we will ensure that we have varieties of snacks and alcoholic and
nonalcoholic drinks available at our bar at all times. It will be difficult for customers to visit
our snack bar and not make a purchase. One of our business goal is to make Snek N Chill
B.V. a one stop snack shop. Our excellent customer service culture, online store, various
payment options and highly secured facility will serve as a competitive advantage for us.
Lastly, our employees will be well taken care of, and their welfare package will be among
the best within our category in the snack industry, meaning that they will be more than
willing to build the business with us and help deliver our set goals and achieve all our aims
and objectives. We will also give good working conditions and commissions to freelance
sales agents that we will recruit from time to time.
9. SALES AND MARKETING STRATEGY
Sources of Income
Snek N Chill B.V. is in business to retail a wide variety of snacks and alcoholic and
nonalcoholic drinks to the residents of Suffissant and vicinity. We are in the snack industry
to maximize profits and we are going to go all the way out to ensure that we achieve or
business goals and objectives.
In essence, our source of income will be the retailing of the following products at affordable
prices;
Snack foods (chips, chocolate/ candy, pastechi, loempia, johny cakes, etc.)
Hot dogs
Burgers
Breakfast/ Sandiwches
Warm Meals
Grill
Coffee/ tea
Soft Drinks
Juice
Smoothies
Beer, wine, and wine coolers
Payment Options
The payment policy adopted by Snek N Chill B.V is all inclusive because we are quite
aware that different customers prefer different payment options as it suits them but at the
same time, we will ensure that we abide by the financial rules and regulation of Curacao.
Here are the payment options that Snek N Chill will make available to her clients;
Payment with cash
Payment via credit cards/Point of Sale Machines (POS Machines)
Payment via online bank transfer
Payment via mobile money transfer
Payment via Bitcoin
In view of the above, we have chosen banking platforms that will enable our client make
payment for snacks and nonalcoholic drinks purchase without any stress on their part. Our
bank account numbers will be made available on our website and promotional materials to
clients who may want to deposit cash or make online transfer for the purchase of our
products.