Executive Summary
Fresin Fries is a locally owned fast food outlet that
will be positioned as an international franchise through our creative
approach to the company's image and detail presentation. Fresin Fries
will provide a combination of excellent food at value pricing, with fun
packaging and atmosphere. Fresin Fries is the answer to an increasing
demand for snack-type fast food, to be consumed while window shopping
and walking around inside a shopping mall.
In today's highly
competitive environment, it is becoming increasingly difficult to
differentiate one fast food outlet from another. Singapore, a city
state, is now becoming the model metropolis for Asia's new economic
boom. With more than 11 million visitors yearly, mainly from neighboring
countries (Malaysia, Indonesia, Thailand and the Philippines),
Singapore's retail sector is the strongest in the region.
Our main priority is to establish one outlet in a crowded mall, preferably in one of prominent shopping malls in Singapore. Later, our effort will be a further development of more retail outlets in the surrounding area.
This
plan is prepared to obtain a location for the initial launch of this
concept. Additional financing will need to be secured for the two
subsequent outlets, anticipated in month 13 and early in year three. The
financing, in addition to the capital contributions from shareholders,
will allow Fresin Fries to successfully open and expand through year
two. The initial capital investment will allow Fresin Fries to provide
its customers with a value-driven, entertaining experience through the
creativity of its founders.
Fresin Fries will entice youngsters
to bring their friends and family with our innovative environment,
fresh-cut Belgian fries, and selection of unique signature dipping
sauces.
Company Summary
What is Fresin Fries? Fresin
Fries sells gourmet fries in a cone with a choice of sauce. We use the
concept of Belgian Fries, where the fries are all made from fresh
potatoes and fried twice. Our outlet also provides excellent and
friendly customer service to support the ambience of fun, energetic and
youthful lifestyle.
Youthful and fresh surroundings We
will imitate successful establishments, such as Jamba Juice and
Starbucks, which represent the majority of our core target market,
between 18 to 35 years of age. Our store will feature display cooking of
our featured Belgian Fries from cutting to frying. Our customers will
also be able to read our in-house brochures in regards to all knowledge
about Belgian Fries and our featured sauces. Our store will be decorated
with fast food setting, such as a bright counter and display menu on
the wall.
Quality foodEach store will offer
nothing but freshly fried Belgian fries, sandwiches and variety of
unique blend sauces, all served with old-fashioned home-style care.
Open everyday Our store is open everyday from 10 am to 9 pm.
Variety, variety, varietyA
different selection of sauces will be featured every three months and
we will also change our Italian soda flavors to accompany our fries.
Company Ownership
Fresin Fries is a privately held company. It will be
registered as a Limited company, with ownership 25% - Guy Fry, 25% - Sam
Sauce, 25% - Carl Cone, 25% - Harry Hip.
Guy Fry and Sam Sauce
have more than 10 years of experience in the food industry. Both are
currently employed as Corporate Staff of Company A.
Sam Sauce
holds an MBA degree from University V. A true entrepreneur by heart, his
latest entrepreneurial project is a diamond store in the heart of
Singapore.
Guy Fry holds a BA degree in Graphic Design from the
Academy of Arts. His projects are widely varied from product design to
brand development of several reputable companies.
Harry Hip holds
a MS degree from Institute Y. He completed several projects and served
as project manager for multi-national companies in Singapore.
Carl
Cone holds a BS degree from University Z, majoring in Management and
Information Technology. Prior to his return to Singapore, he has held
several management positions in a U.S.-based IT company.
Products
We want to focus only on selling fries. Alcoholic
drinks will not be sold in our outlet, as Fresin Fries promotes a
healthy and positive Singaporean lifestyle. Instead, we will offer
Italian Soda to complement the fries.
In promoting the Fresin
Fries lifestyle, we will offer various merchandise with our logo and
colors, from hats to t-shirts to potato cutters to our signature sauces,
so that our customers can enjoy Fresin Fries at home. Our signature
sauce is exclusively manufactured by Company Q. They can be also
purchased at selected retailers.
3.1 Product Description
Fresin Fries primarily sells fries and our unique
dipping sauces. Main products sold are: Belgian fries, Italian sodas and
corporate merchandise.
Belgian-style fries are available in large (choose 2 dips), small (choose 1 dip), with addition of garlic Fresin (add S$0.25).
The dips for Belgian style fries can also be served with sandwiches; they are available in more than 20 flavors:
- Pesto Mayo
- Satay Sauce
- Teriyaki Sauce
- Thai Chili Ketchup
- Creamy Wasabi Mayo
- Roasted Pepper Mayo
- Lava Cheese
- Black Pepper Sauce
- Curry Ketchup
- Barbecue
- Jalapeno Ketchup
- Caribbean Islands
- Traditional Sambal
- Korean BBQ
- Hot Chili Sauce
- Garlic Dip
3.5 Sales Programs
Each opening of Fresin Fries will have, more or less,
the same marketing mix as the others. Below are the programs that we
will develop to open each location.
Grand Opening
Each
new outlet will have outdoor signage as soon as possible. We want the
signage to be supported by banners before the opening.
Point of Purchase
We
will use "tray toppers" to explain the concept and philosophy of Fresin
Fries. We will also sell gift certificates, announce future job
openings, and possibly mention franchise opportunities.
Direct Mail Piece
A
stand-alone piece, folded, will be produced in full color on heavy
weight paper. Inside will be all the important details of Fresin Fries,
explanation of our menu, prices, house of operation and a locator map.
Future Products
For now, we will focus on selling fries and signature
sauces. However, as we grow further, we will add new categories to our
menu, such as Belgian Sandwiches and Buffalo Wings.
In the future,
our growth strategy will be offering the franchise of our brand to food
entrepreneurs in the region. The success of Bread Talk franchising in
Indonesia is the best example on growing globally.
Value Meal
Sales
of Fresin Fries will not only generated from the selling of its famous
Belgian Fries, but also will be generated by the conception of an
innovative package menu called the "value meal." It primarily consists
of a combination of our featured Belgian Fries, sandwiches and Italian
soda at greater value than selling at individual items. Further
customization could be done by selling a bigger size of fries called
"Uber Fresin" to attract price sensitive customers.
Private Parties
Brochures
and handouts will explain that we can handle banquets and private
parties, in addition to our brochure that will list our daily entrees.
Market Segmentation
We are targeting young Singaporeans as our primary
market. Orchard Road is the place to meet and hang out after school. Due
to heavy extra-curricular activities among Singapore's youth, it is
common for high schoolers to have lunch inside shopping malls, and not
at home. They tend to flock to fast food joints inside shopping malls
across Orchard Road.
Our secondary market segment is the "Working
Singaporeans." With so many shopping malls in the vicinity, Orchard
Road is the haven for shoppers and job seekers alike. In the new Paragon
Shopping Centre, there are more than 8,000 workers currently working as
sales persons and boutique staff. There are more than 10 major shopping
malls across Orchard Road, including Ngee Ann City, the biggest
shopping mall in the nation, employing more than 50,000 workers.
Lastly,
Orchard Road is also the destination for tourists staying in the area.
The Meritus Mandarin, Crown Prince Hotel, the Hilton, and Popular Hotel
are a few of the biggest accommodations in Singapore. Tourists will
stroll Orchard Road, hunting for the latest trend in fashion and have no
time to stop for a full meal during shopping. Fresin Fries is the
alternative for a quick bite while shopping the fancy boutiques in the
area.
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