Essay About Indian Food Truck Business Plan And St. Louis

Indian Food Truck Business Plan
Executive Summary[pic 1]The purpose of this business plan is to raise $150,000 for the development of a food truck while showcasing the expected financials and operations over the next three years. The Indians on Wheels, Inc. is a St. Louis based corporation that will provide mobile sales of food to customers in its target market. The Company was founded by Subin Sunny Madathil.Products and ServicesThe primary revenue center for the business will come from the sale and distribution of food served from the Company’s food truck that will operate throughout St. Louis city. The business will specialize in serving authentic food including: batata vada, bhajji, bhelpuri, chat, dabeli, dahi puri, dahi vada, pakora, pani puri, pav bhajji. The later section of the business plan will further describe the services offered by the food truck.FinancingMr. Madathil is seeking to raise $150,000 from Moneybags Investment. The interest rate and loan agreement are to be further discussed during negotiation. This business plan assumes that the business will receive a 10 year loan with a 9% fixed interest rate. Mr. Madathil will contribute $10,000 to the venture. The financing will be used for the following:Development of the Company’s food truck.Financing for the first six months of operation.Capital to purchase a company vehicle.Projected Startup CostsTotalInitial Lease Payments and Deposits  $          25,000 Working Capital $          65,000 Leasehold Improvements  $          10,000 Security Deposits $            2,500 Opening Supplies $          10,000 Company Vehicle and Lease Deposits $          20,000 Marketing Budget $          10,000 Miscellaneous and Unforeseen Costs $            7,500 Total Startup Costs $        150,000 (Table 1.1)Mission StatementManagement’s mission is to provide the St. Louis city (and other areas where the Company expands) with fresh quality Indian food served on a mobile basis.Management TeamThe Company was founded by Subin Sunny Madathil. Mr. Madathil has more than 6 years of experience in the food and beverage industry. Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations.