The Punjabi Rasoi is a restaurant specializing in Punjabi cuisine. This executive summary provides an overview of the company's history, expansion plans, target market, and financial status.
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Running head: EXECUTIVE SUMMARY Executive Summary Name of Student: Name of the University: Author note:
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1EXECUTIVE SUMMARY The company chosen for this paper is The Punjabi Rasoi which was established in the year 1999 in Bangalore, Karnataka. Apart from the company number, the website offers the numbers of three other individuals named Rahul, Bhavya Dham and Bharath Dham. The phone numbers of each mentioned are 080-2844-0344, 080-4128 5353 and 080-2572 3043 respectively and the company’s email address is ‘thepunjabirasoi@gmail.com’. Having been functioning for almost 10 years now, The Punjabi Rasoi has already been able to establish 3 branches across Bangalore and is now also in the process of expanding its home-delivery systems, the restaurant is expecting to generate more profits, or get external investors so they canavailextrafinancialhelptoexpandtheirbusinessfurther,geographicallyand economically. Along with this, the restaurant is also making efforts to be able to deliver food to further locations, and this will require the employment of extra employees to be able to complete this requirement.The company executives that own the restaurant will be making their own efforts in targeting the right group of people who will be passionate about food, and especially about Punjabi food. For this, it will be useful if the owners can first identify a few people who are have rich assets and are also Punjabi, as their first target to attract investors. The investors who are chosen by the Punjabi Rasoi associates will have invested capital into the restaurant to aid in their growth should expect back their payment, with interest, in an estimate of 3 years after a branch has been opened for service. Additional financing will also be required to enhance the marketing strategies being used by the company, to make their advertisements more desirable and appealing to the viewers. The Punjabi Rasoi is in the restaurant industry, specialising in the Punjabi cuisine. The company also offers services such as outdoor catering for various kinds of parties. The restaurant’s key activities are of accepting and negotiating the terms of purchase with the different suppliers, offer customers competitive prices for food items and finally, maintain the
2EXECUTIVE SUMMARY standard according to the increasing brand loyalty being expressed by the customers. When a guest walks into the restaurant, the main aim of the restaurant it to alter consumer preference in a positive way towards the restaurant because the name and quality of the brand is a big factor in an individual forming their preferences. The restaurant is a private and independent company whose key partners are the local wholesalers supplying the vegetables, rice and meat required for the menu items, along with international and local food suppliers of the traditional Indian spices. It has been estimated that the Punjabi Rasoi’s annual revenue will be approximately $2.3 million, with a projection to increase once more outlets are introduced in different parts of India, and hopefully internationally as well. Some of the desirable international locations will be Toronto and Mississauga in Canada, California and New York in the US, London and Birmingham in the UK. There are a few note-worthy trends of the company which they have mastered their skills in which are, delivering food to the homes of customers, elite marketing techniques used to attract customers and expert specializing in specific food cuisine (Punjabi). They currently do not possess any patents and trademarks, but are working towards establishing a niche in superior Punjabi cuisine to make their brand and food authentic, and one of a kind. Establishing a niche will allow the restaurant to increase their market share in the economy as they will start gaining public appreciation for their food products.
3EXECUTIVE SUMMARY The Punjabi Rasoi Status:Private, Independent Company SIC Code:7011 Website: www.thepunjabir asoi.com Location: Bangalore, Karnataka Estimated Employees: 39 Annual Revenue: $2.3M Financial Status Venture Capital Stage in Business: Generating revenue