BM564 Enterprise & Entrepreneurship: FRESH CAKES Business Plan UK

This presentation outlines a business plan for "FRESH CAKES," a cake business in the UK focused on healthy cake options. It covers the motivation behind the business, emphasizing the increasing health consciousness of UK consumers and their desire for sweet treats. The presentation details the process of conducting market research, including group discussions and interviews, to identify customer needs. It includes feasibility studies assessing product, target audience, and organizational aspects, along with budget and financial considerations. The products offered are described, highlighting the USP of sugar-free options using natural substitutes. Potential market opportunities are explored through SWOT, STP, and PESTLE analyses, along with competitor evaluation and a marketing mix strategy. The presentation concludes with the vision for the organization, focusing on promoting a healthier lifestyle and increasing brand value in the UK market. This document is available on Desklib, a platform offering study tools for students.

BM564 Enterprise and Entrepreneurship

TABLE OF CONTENTS
 INTRODUCTION
 MOTIVATION FOR SELECTION OF BUSINESS
 PROCESS OF CONDUCTING
 FEASIBILITY STUDIES CONDUCTED
 DETAILS OF THE PRPODUCTS
 POTENTIAL MARKET OPPORTUNITIES
 ATTRACTIVENESS OF THE INDUSTRY
 CONCLUSION
 REFERENCES

INTRODUCTION
 The presentation is based on the starting on new cake business named FRESH CAKES in UK
market that would sell variety of healthy cakes.
 Also, the presentation will discuss in detail about this business plan through conducting the
feasibility studies and identifying the potential market opportunities.

MOTIVATION FOR SELECTION OF
BUSINESS
 The business selected for this project is cake business shop in UK named as “ FRESH CAKES ”
and it has been selected because of the growing health issues and increasing number of people
liking for sweet dishes.
 Moreover, the motivation behind this project was that opening of such store would allow the
people of UK to live healthy lifestyle without compromising their current needs and choices
(Tien and et.al., 2019).
 Furthermore, this project would allow the UK people to consume variety of cake dishes on their
special occasions without thinking much about the health problems..

PROCESS OF CONDUCTING
 For this business idea proper market research had been conducted so that detailed
requirement and need of the UK people might be identified.
 Moreover, this business idea was taken in form of group discussions and interview
sessions to know how many people are conscious about health and how much are in
favor of new product business (Javed, Yasir and Majid, 2019).
 Furthermore, brainstorming method was adopted through interview sessions where
people were asked about the sweet dishes that are liked by them so that accordingly
those items might be added in menu list.

FEASIBILITY STUDIES CONDUCTED
 Product feasibility: The project is feasible according to the changing business environment and the
growing health issues in the UK people
 Target audience: The target market for this cake business would be all the people that are living in and
around the UK. Also, this cake shop would be opened through the store in London main market area and if
the business gained the success than it would be sold through online platforms also through promotions.
 Organizational feasibility: It is feasible because there are very limited shop in UK that are following this
concept and hence number of competition would also be less at the initial stage.

CONTINUED
Budget &financial feasibility
Expenses Amount
Administration expenses 2000
Employees salary 5000
Marketing and selling expense 6000
Market analysis expenses 8500
Technical device application 5000
Security evaluation expenses 4500
Monitoring performance 5000
Utility bills 4500
Supervisory expense 5000
Total expenses 45500

DESCRIPTION OF PRODUCTS OFFERED
 The current product or services that would be offered to the UK people
would be cake and sweet dishes including the pastries and cream cookies
and jam rolls etc. Also, the bakery that includes variety of fruit cakes
would be made naturally without using any kind of harmful substances or
artificial flavors (Doh, 2020).
 Moreover, the USP of this product is not its different flavors but it would
be sugar free that would increase the sales of the business. Furthermore,
to make it sugar free its substitutes such as honey and maple syrup would
be used that are healthier option for the health conscious humans

POTENTIAL MARKET OPPORTUNITIES
SWOT analysis
POTENTIAL MARKET OPPORTUNITIES
Strengths
 New varieties of cake and different
concept in the market will attract
more number of customers.
Weakness
 Competition from other cake shops
in UK.
Opportunities
 High quality products at reasonable
prices.
Threats
 Increase in prices of the raw
materials in the market (SWOT
Analysis of Bakery Business, 2022).

CONTINUED
STP Segmentation: The market selected for this business would be UK market and cake might
be consumed by all genders irrespective of class of group.
Targeting: The target market would be basically aged group of 15-45 that have more liking
of sweet foods. Also, it would target the middle and upper middle income class group who are
ready to pay for the quality products
Positioning: It would be positioned in the market through idea of stay fit and eat more
concept where people would be able to eat healthy cake dishes in reasonable prices.

CONTINUED
Political factors Economic factors Social Factors
Technological
Factors Legal factors Environmental
Factors
PESTLE ANALYSIS

CONTINUED
COMPETITORS EVALUATION & USP
Particulars Fresh cakes Lily Vanilli
Product Mainly specialized in sugar
free cakes and includes other
bakery products like
Sells seasonal cakes and
pastries and is famous for the
brownies and sausage rolls
Price Dynamic pricing strategy Premium pricing strategy
USP Taste, flavours and healthier
food option
Brand value and image in the
market.