Business Plan for Latty's Kitchen: Wedding and Funeral Event Catering

This business plan outlines the operations of Latty's Kitchen, a catering service specializing in wedding and funeral events. It addresses the problem/opportunity, value propositions, underlying magic, and business model, which is dry hire. The plan includes a go-to-market strategy, competitive analysis, and details about the management team. Financial projections for several months are provided, along with key metrics, including cash inflows and outflows. The document also includes a section on the current status, accomplishments to date, timeline, and use of funds, providing a comprehensive overview of the business's potential and operational strategies. The plan emphasizes the company's commitment to quality, customer service, and its value proposition to offer catering for wedding and funeral programs in a friendly, clean, consistent, and better style of services.

BUSINESS

TITLE
 Company name- Latty's Kitchen
 Call number- 07939368525
 E-mail- www.latty's kitchen.com

PROBLEM/OPPORTUNITY
 Latty's kitchen is providing Wedding and Funerals corporate events.
 Funeral planning is perfect opportunities to be helpful when individual need it the most,
there are lot of modern funerals choose to celebrate life rather than weep and mourn.
 Wedding tends to be emotional affairs and therefore wedding planners has to face some
unique challenges.

VALUE PROPOSITIONS
 The Latty's kitchen offers primarily value proposition to cater the needs for wedding and
funeral programme in manner as-:
 We offer to incorporate event that leads to gain unique experience as “Friendliness,
cleanliness, consistency and better style of services”.

UNDERLYING MAGIC
 This is the entity that renders half of their amount of service to NGO and offers the food
commodities that is made up of organic and healthy foods to be most competitive in
market. They are also offering 15% discount in the venue for both events.

BUSINESS MODEL
 Latty's kitchen undertakes Dry hire business model. They are beginners and offer space to
brides to make her day more beautiful and families who have suffered with separation of a
member.
 In this, they make group of external supplier that do hard work to make the event more
beautiful.

GO TO MARKET PLAN
 Latty's kitchen is taking initiative to get reach to the clients with help of undertaking
promotion in manner as-:
 Networking
 Advertising
 Informative brochures
 Effective customer service
 By use of social media tools etc.

COMPETITIVE ANALYSIS
 Competitors
 Planned for perfection
 Cranberry Blue
 Wedding Planners Guild UK Ltd.
 Threats-
 Local competitors are lack with various of style, very little culture diversity and also not specialise in
planning international events.
 Strength and weakness-
 Latty's kitchen has their own personal strength in manner as they offers a combined service, maintain
professional profile and holds variation of style reputation with much culture diversity.
 The weakness is that this event firm is lack acknowledged and awards because they are beginners.

MANAGEMENT TEAM
 The work involved as planning, organising
and conducting major event that can be
sufficiently great to meet the requirement
of the large team of people.
 Thus, key person in management team of
event of as Full-time, part-time, contractor
etc.

FINANCIAL PROJECTIONS AND KEY METRICS
Particulars January February March April May June July August September October November December
Cash inflows
Opening cash inflow 7000 8300 10682 13145.88 15691.45 18318.43 21026.48 23815.16 26683.94 29632.19 32659.19 35764.11
Sales revenue 10000 10200 10404 10612 10824 11041 11261.62 11486.86 11717 11951 12190 12434
Other income 2000 2000 2000 2000 2000 2000 2000 2000 2000 2000 2000 2000
Total cash inflows 19000 20500 23086 25757.96 28515.77 31359.24 34288.11 37302.02 40400.53 43583.12 46849.14 50197.85
Cash outflows
Material 2500 1530 1560.6 1591.812 1623.648 1656.121 1689.244 1723.029 1757.489 1792.639 1828.492 1865.061
Labour 2000 2000 2000 2000 2000 2000 2000 2000 2000 2000 2000 2000
Other expenses 2200 2288 2380 2475 2574 2677 2783.702 2895 3011 3131 3257 3387
Administration expenses 4000 4000 4000 4000 4000 4000 4000 4000 4000 4000 4000 4000
Total cash outflows 10700 9818 9940.12 10066.51 10197.34 10332.76 10472.95 10618.08 10768.34 10923.92 11085.03 11251.86
Cash deficit / surplus or closing
cash balance 8300 10682 13146 15691 18318 21026 23815.16 26684 29632 32659 35764 38946

CURRENT STATUS, ACCOMPLISHMENT TO DATE,
TIMELINE AND USE OF FUNDS