By: Chrissie Chimphonda
C&C Restaurant and Catering Services offers a variety of services which include baking cakes, snacks and preparing different kinds of dishes. We deliver our products to private parties, corporate gatherings or special occasions, roadside restaurants and many more. I chose this business because of my passion for food, and I have an immense love for food cooking and derive joy from ensuring that clients receive exactly what they desire. My desire is to please clients and create memories through delicious cuisine.
Watch the video below to get a tour of her restaurant.
Cakes:
Food:
Products and Services
- Buffet-style catering
- Boxed lunches
- Individually packaged meals
- Dessert
Target customers:
The restaurant is located, along M1 Road at Zalewa Trading Centre in Mwanza, where there are so many people from different places, including from the Mwanza border (Mozambique and Malawi border) and Mota Engil company. These are my target customers.
How the loan will be spent
If given the loan, it will be spent on the following items:
Items | Price | Description |
Stove | $260 | 4 plate stoves with an oven |
Refrigerator | $440 | A new Refrigerator to replace the faulty one |
Serving dishes | $15 | 6 serving dishes |
Tables | $20 | 5 additional tables to accommodate customers |
Total cost = $890
FINANCIAL ANALYSIS
I have included the income statement to show the growth of the business and ability to repay the loan. Repayment of the loan is included in the income statement to show the impact on financials.
Income Statement
Cash Flow Statement
Profit Margin
On average, we supply 25 cakes to different customers in the first month, each cake costs $40. On each cake, $22 is for expenses while $18 is the profit, which is a profit margin of 45%.
Marketing plan:
- Create social media content.
- Identify target audience and run social media ads.
- Offer discounts for referrals.
- Printing Flyers and posters.
MY FAMILY
My three children, my nephew, and myself.
My two daughters and myself
Myself in black, my sister, and my brothers.