Oasis Juice is located on 1234 Main St.
Oasis Juice offers the following products:
The demographics of Oasis Juice customers are as follows:
Oasis Juice has identified seven metro locations within the state where we can reach our target customers:
Market Analysis | |||||||
2002 | 2003 | 2004 | 2005 | 2006 | |||
Potential Customers | Growth | CAGR | |||||
Montclair | 10% | 60,000 | 66,000 | 72,600 | 79,860 | 87,846 | 10.00% |
Riley | 10% | 75,000 | 82,500 | 90,750 | 99,825 | 109,808 | 10.00% |
Ashford | 10% | 85,000 | 93,500 | 102,850 | 113,135 | 124,449 | 10.00% |
Tracy | 10% | 75,000 | 82,500 | 90,750 | 99,825 | 109,808 | 10.00% |
Wilmington | 10% | 62,000 | 68,200 | 75,020 | 82,522 | 90,774 | 10.00% |
Langsford | 10% | 90,000 | 99,000 | 108,900 | 119,790 | 131,769 | 10.00% |
Willard | 10% | 48,000 | 52,800 | 58,080 | 63,888 | 70,277 | 10.00% |
Total | 10.00% | 495,000 | 544,500 | 598,950 | 658,845 | 724,731 | 10.00% |
The strategy of Oasis Juice is to focus on our niche market which is health/natural food stores that serve the young active professional.
Oasis Juice will introduce its products at 20% off regular price during the first month. In addition, Oasis Juice will co-sponsor local athletic charitable events to raise the visibility of the brand name.
The sales strategy is to build customer loyalty in the new markets. Oasis Juice will increase its sales force to focus on the new markets.
The following table and charts shows the rapid ramp-up of sales during the first twelve months of operation.
Sales Forecast | |||
2002 | 2003 | 2004 | |
Sales | |||
Products | $1,020,000 | $1,200,000 | $1,300,000 |
Other | $0 | $0 | $0 |
Total Sales | $1,020,000 | $1,200,000 | $1,300,000 |
Direct Cost of Sales | 2002 | 2003 | 2004 |
Products | $278,000 | $310,000 | $360,000 |
Other | $0 | $0 | $0 |
Subtotal Direct Cost of Sales | $278,000 | $310,000 | $360,000 |
Co-owners, Tama Gardner and William Harris, currently manage the daily operation of Oasis Juice. Tama and William have fifteen years of experience working in natural food stores. Tama is responsible for production and distribution. William is the Sales Manager for Oasis Juice.
Tama Gardner was one of the founding members of the Mason Peak Natural Grocery, 4th and Tyler. The grocery was established in 1992 by the non-profit NEDCO, the Neighborhood Economic Development Corporation, and a number of concerned neighbors who wished to save the historic Mason Peak Market from destruction. Tama started as a cashier and advanced to the position of Store Manager in 1996. The grocery has grown into a community fixture under her management.
William Harris ran the University’s now defunct Natural Food Collective for three years before the program was defunded. The small on-campus store provided natural food products to student customers. Sales increased by 20% each year under his leadership. Unfortunately, the state budget shortfall impacted the continued funding of the program. Prior to this position, William worked as Buyer for Sunburst Natural Foods for four years.
The following table shows the project personnel plan for Oasis Juice.
Personnel Plan | |||
2002 | 2003 | 2004 | |
Tama Gardner | $36,000 | $40,000 | $44,000 |
William Harris | $36,000 | $40,000 | $44,000 |
Production Staff | $120,000 | $130,000 | $140,000 |
Distribution Staff | $120,000 | $130,000 | $140,000 |
Sales Staff | $72,000 | $76,000 | $80,000 |
Total People | 13 | 13 | 13 |
Total Payroll | $384,000 | $416,000 | $448,000 |
The following is the financial plan for Oasis Juice.
The monthly break-even point is $66,534.
Break-even Analysis | |
Monthly Revenue Break-even | $66,534 |
Assumptions: | |
Average Percent Variable Cost | 27% |
Estimated Monthly Fixed Cost | $48,400 |
The following table and charts are the projected profit and loss for three years.
Pro Forma Profit and Loss | |||
2002 | 2003 | 2004 | |
Sales | $1,020,000 | $1,200,000 | $1,300,000 |
Direct Cost of Sales | $278,000 | $310,000 | $360,000 |
Other Production Expenses | $0 | $0 | $0 |
Total Cost of Sales | $278,000 | $310,000 | $360,000 |
Gross Margin | $742,000 | $890,000 | $940,000 |
Gross Margin % | 72.75% | 74.17% | 72.31% |
Expenses | |||
Payroll | $384,000 | $416,000 | $448,000 |
Sales and Marketing and Other Expenses | $72,000 | $132,000 | $132,000 |
Depreciation | $9,600 | $9,600 | $9,600 |
Leased Equipment | $0 | $0 | $0 |
Utilities | $12,000 | $12,000 | $12,000 |
Insurance | $9,600 | $9,600 | $9,600 |
Rent | $36,000 | $36,000 | $36,000 |
Payroll Taxes | $57,600 | $62,400 | $67,200 |
Other | $0 | $0 | $0 |
Total Operating Expenses | $580,800 | $677,600 | $714,400 |
Profit Before Interest and Taxes | $161,200 | $212,400 | $225,600 |
EBITDA | $170,800 | $222,000 | $235,200 |
Interest Expense | $9,310 | $13,703 | $14,203 |
Taxes Incurred | $45,567 | $59,609 | $63,419 |
Net Profit | $106,323 | $139,088 | $147,978 |
Net Profit/Sales | 10.42% | 11.59% | 11.38% |
The following table and chart are the projected cash flow for three years.
Pro Forma Cash Flow | |||
2002 | 2003 | 2004 | |
Cash Received | |||
Cash from Operations | |||
Cash Sales | $255,000 | $300,000 | $325,000 |
Cash from Receivables | $697,500 | $873,971 | $960,539 |
Subtotal Cash from Operations | $952,500 | $1,173,971 | $1,285,539 |
Additional Cash Received | |||
Sales Tax, VAT, HST/GST Received | $0 | $0 | $0 |
New Current Borrowing | $100,163 | $0 | $0 |
New Other Liabilities (interest-free) | $36,000 | $36,000 | $36,000 |
New Long-term Liabilities | $36,000 | $36,000 | $36,000 |
Sales of Other Current Assets | $0 | $0 | $0 |
Sales of Long-term Assets | $0 | $0 | $0 |
New Investment Received | $0 | $0 | $0 |
Subtotal Cash Received | $1,124,663 | $1,245,971 | $1,357,539 |
Expenditures | 2002 | 2003 | 2004 |
Expenditures from Operations | |||
Cash Spending | $384,000 | $416,000 | $448,000 |
Bill Payments | $511,954 | $637,704 | $695,324 |
Subtotal Spent on Operations | $895,954 | $1,053,704 | $1,143,324 |
Additional Cash Spent | |||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 |
Principal Repayment of Current Borrowing | $19,992 | $19,992 | $19,992 |
Other Liabilities Principal Repayment | $0 | $0 | $0 |
Long-term Liabilities Principal Repayment | $18,000 | $18,300 | $3,700 |
Purchase Other Current Assets | $24,000 | $30,000 | $40,000 |
Purchase Long-term Assets | $24,000 | $30,000 | $30,000 |
Dividends | $0 | $0 | $0 |
Subtotal Cash Spent | $981,946 | $1,151,996 | $1,237,016 |
Net Cash Flow | $142,717 | $93,975 | $120,524 |
Cash Balance | $182,717 | $276,692 | $397,216 |
The following table is the projected balance sheet for three years.
Pro Forma Balance Sheet | |||
2002 | 2003 | 2004 | |
Assets | |||
Current Assets | |||
Cash | $182,717 | $276,692 | $397,216 |
Accounts Receivable | $147,500 | $173,529 | $187,990 |
Inventory | $33,000 | $36,799 | $42,734 |
Other Current Assets | $29,000 | $59,000 | $99,000 |
Total Current Assets | $392,217 | $546,020 | $726,940 |
Long-term Assets | |||
Long-term Assets | $74,000 | $104,000 | $134,000 |
Accumulated Depreciation | $21,600 | $31,200 | $40,800 |
Total Long-term Assets | $52,400 | $72,800 | $93,200 |
Total Assets | $444,617 | $618,820 | $820,140 |
Liabilities and Capital | 2002 | 2003 | 2004 |
Current Liabilities | |||
Accounts Payable | $51,123 | $52,530 | $57,564 |
Current Borrowing | $80,171 | $60,179 | $40,187 |
Other Current Liabilities | $36,000 | $72,000 | $108,000 |
Subtotal Current Liabilities | $167,294 | $184,709 | $205,751 |
Long-term Liabilities | $58,000 | $75,700 | $108,000 |
Total Liabilities | $225,294 | $260,409 | $313,751 |
Paid-in Capital | $80,000 | $80,000 | $80,000 |
Retained Earnings | $33,000 | $139,323 | $278,411 |
Earnings | $106,323 | $139,088 | $147,978 |
Total Capital | $219,323 | $358,411 | $506,389 |
Total Liabilities and Capital | $444,617 | $618,820 | $820,140 |
Net Worth | $219,323 | $358,411 | $506,389 |
Business ratios for the years of this plan are shown below. Industry profile ratios based on the Standard Industrial Classification (SIC) code 5149, Groceries and related products, are shown for comparison.
Ratio Analysis | ||||
2002 | 2003 | 2004 | Industry Profile | |
Sales Growth | 75.86% | 17.65% | 8.33% | 4.60% |
Percent of Total Assets | ||||
Accounts Receivable | 33.17% | 28.04% | 22.92% | 33.30% |
Inventory | 7.42% | 5.95% | 5.21% | 26.00% |
Other Current Assets | 6.52% | 9.53% | 12.07% | 20.90% |
Total Current Assets | 88.21% | 88.24% | 88.64% | 80.20% |
Long-term Assets | 11.79% | 11.76% | 11.36% | 19.80% |
Total Assets | 100.00% | 100.00% | 100.00% | 100.00% |
Current Liabilities | 37.63% | 29.85% | 25.09% | 45.20% |
Long-term Liabilities | 13.04% | 12.23% | 13.17% | 10.00% |
Total Liabilities | 50.67% | 42.08% | 38.26% | 55.20% |
Net Worth | 49.33% | 57.92% | 61.74% | 44.80% |
Percent of Sales | ||||
Sales | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin | 72.75% | 74.17% | 72.31% | 44.10% |
Selling, General & Administrative Expenses | 62.32% | 62.58% | 60.92% | 26.70% |
Advertising Expenses | 5.88% | 10.00% | 9.23% | 0.70% |
Profit Before Interest and Taxes | 15.80% | 17.70% | 17.35% | 0.80% |
Main Ratios | ||||
Current | 2.34 | 2.96 | 3.53 | 1.69 |
Quick | 2.15 | 2.76 | 3.33 | 1.01 |
Total Debt to Total Assets | 50.67% | 42.08% | 38.26% | 55.20% |
Pre-tax Return on Net Worth | 69.25% | 55.44% | 41.75% | 3.60% |
Pre-tax Return on Assets | 34.16% | 32.11% | 25.78% | 8.00% |
Additional Ratios | 2002 | 2003 | 2004 | |
Net Profit Margin | 10.42% | 11.59% | 11.38% | n.a |
Return on Equity | 48.48% | 38.81% | 29.22% | n.a |
Activity Ratios | ||||
Accounts Receivable Turnover | 5.19 | 5.19 | 5.19 | n.a |
Collection Days | 59 | 65 | 68 | n.a |
Inventory Turnover | 10.91 | 8.88 | 9.05 | n.a |
Accounts Payable Turnover | 10.62 | 12.17 | 12.17 | n.a |
Payment Days | 28 | 30 | 29 | n.a |
Total Asset Turnover | 2.29 | 1.94 | 1.59 | n.a |
Debt Ratios | ||||
Debt to Net Worth | 1.03 | 0.73 | 0.62 | n.a |
Current Liab. to Liab. | 0.74 | 0.71 | 0.66 | n.a |
Liquidity Ratios | ||||
Net Working Capital | $224,923 | $361,311 | $521,189 | n.a |
Interest Coverage | 17.31 | 15.50 | 15.88 | n.a |
Additional Ratios | ||||
Assets to Sales | 0.44 | 0.52 | 0.63 | n.a |
Current Debt/Total Assets | 38% | 30% | 25% | n.a |
Acid Test | 1.27 | 1.82 | 2.41 | n.a |
Sales/Net Worth | 4.65 | 3.35 | 2.57 | n.a |
Dividend Payout | 0.00 | 0.00 | 0.00 | n.a |
Sales Forecast | |||||||||||||
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
Sales | |||||||||||||
Products | 0% | $60,000 | $60,000 | $70,000 | $80,000 | $80,000 | $90,000 | $90,000 | $90,000 | $100,000 | $100,000 | $100,000 | $100,000 |
Other | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Sales | $60,000 | $60,000 | $70,000 | $80,000 | $80,000 | $90,000 | $90,000 | $90,000 | $100,000 | $100,000 | $100,000 | $100,000 | |
Direct Cost of Sales | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
Products | $13,000 | $13,000 | $17,000 | $20,000 | $20,000 | $25,000 | $25,000 | $25,000 | $30,000 | $30,000 | $30,000 | $30,000 | |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Direct Cost of Sales | $13,000 | $13,000 | $17,000 | $20,000 | $20,000 | $25,000 | $25,000 | $25,000 | $30,000 | $30,000 | $30,000 | $30,000 |
Personnel Plan | |||||||||||||
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
Tama Gardner | 0% | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 |
William Harris | 0% | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 |
Production Staff | 0% | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 |
Distribution Staff | 0% | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 |
Sales Staff | 0% | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 |
Total People | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | |
Total Payroll | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 |
General Assumptions | |||||||||||||
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
Current Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
Long-term Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
Tax Rate | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | |
Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Pro Forma Profit and Loss | |||||||||||||
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
Sales | $60,000 | $60,000 | $70,000 | $80,000 | $80,000 | $90,000 | $90,000 | $90,000 | $100,000 | $100,000 | $100,000 | $100,000 | |
Direct Cost of Sales | $13,000 | $13,000 | $17,000 | $20,000 | $20,000 | $25,000 | $25,000 | $25,000 | $30,000 | $30,000 | $30,000 | $30,000 | |
Other Production Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Cost of Sales | $13,000 | $13,000 | $17,000 | $20,000 | $20,000 | $25,000 | $25,000 | $25,000 | $30,000 | $30,000 | $30,000 | $30,000 | |
Gross Margin | $47,000 | $47,000 | $53,000 | $60,000 | $60,000 | $65,000 | $65,000 | $65,000 | $70,000 | $70,000 | $70,000 | $70,000 | |
Gross Margin % | 78.33% | 78.33% | 75.71% | 75.00% | 75.00% | 72.22% | 72.22% | 72.22% | 70.00% | 70.00% | 70.00% | 70.00% | |
Expenses | |||||||||||||
Payroll | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | |
Sales and Marketing and Other Expenses | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | |
Depreciation | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | |
Leased Equipment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Utilities | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | |
Insurance | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | |
Rent | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | |
Payroll Taxes | 15% | $4,800 | $4,800 | $4,800 | $4,800 | $4,800 | $4,800 | $4,800 | $4,800 | $4,800 | $4,800 | $4,800 | $4,800 |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Operating Expenses | $48,400 | $48,400 | $48,400 | $48,400 | $48,400 | $48,400 | $48,400 | $48,400 | $48,400 | $48,400 | $48,400 | $48,400 | |
Profit Before Interest and Taxes | ($1,400) | ($1,400) | $4,600 | $11,600 | $11,600 | $16,600 | $16,600 | $16,600 | $21,600 | $21,600 | $21,600 | $21,600 | |
EBITDA | ($600) | ($600) | $5,400 | $12,400 | $12,400 | $17,400 | $17,400 | $17,400 | $22,400 | $22,400 | $22,400 | $22,400 | |
Interest Expense | $401 | $469 | $538 | $606 | $674 | $742 | $810 | $878 | $946 | $1,014 | $1,082 | $1,151 | |
Taxes Incurred | ($540) | ($561) | $1,219 | $3,298 | $3,278 | $4,757 | $4,737 | $4,717 | $6,196 | $6,176 | $6,155 | $6,135 | |
Net Profit | ($1,261) | ($1,309) | $2,844 | $7,696 | $7,648 | $11,101 | $11,053 | $11,006 | $14,458 | $14,410 | $14,363 | $14,314 | |
Net Profit/Sales | -2.10% | -2.18% | 4.06% | 9.62% | 9.56% | 12.33% | 12.28% | 12.23% | 14.46% | 14.41% | 14.36% | 14.31% |
Pro Forma Cash Flow | |||||||||||||
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
Cash Received | |||||||||||||
Cash from Operations | |||||||||||||
Cash Sales | $15,000 | $15,000 | $17,500 | $20,000 | $20,000 | $22,500 | $22,500 | $22,500 | $25,000 | $25,000 | $25,000 | $25,000 | |
Cash from Receivables | $40,000 | $41,500 | $45,000 | $45,250 | $52,750 | $60,000 | $60,250 | $67,500 | $67,500 | $67,750 | $75,000 | $75,000 | |
Subtotal Cash from Operations | $55,000 | $56,500 | $62,500 | $65,250 | $72,750 | $82,500 | $82,750 | $90,000 | $92,500 | $92,750 | $100,000 | $100,000 | |
Additional Cash Received | |||||||||||||
Sales Tax, VAT, HST/GST Received | 0.00% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
New Current Borrowing | $8,333 | $8,333 | $8,333 | $8,333 | $8,333 | $8,333 | $8,333 | $8,333 | $8,333 | $8,333 | $8,333 | $8,500 | |
New Other Liabilities (interest-free) | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | |
New Long-term Liabilities | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | |
Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Investment Received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Cash Received | $69,333 | $70,833 | $76,833 | $79,583 | $87,083 | $96,833 | $97,083 | $104,333 | $106,833 | $107,083 | $114,333 | $114,500 | |
Expenditures | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
Expenditures from Operations | |||||||||||||
Cash Spending | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | |
Bill Payments | $21,092 | $32,619 | $28,850 | $38,891 | $42,695 | $39,953 | $51,417 | $46,148 | $46,596 | $58,060 | $52,791 | $52,839 | |
Subtotal Spent on Operations | $53,092 | $64,619 | $60,850 | $70,891 | $74,695 | $71,953 | $83,417 | $78,148 | $78,596 | $90,060 | $84,791 | $84,839 | |
Additional Cash Spent | |||||||||||||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Principal Repayment of Current Borrowing | $1,666 | $1,666 | $1,666 | $1,666 | $1,666 | $1,666 | $1,666 | $1,666 | $1,666 | $1,666 | $1,666 | $1,666 | |
Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Long-term Liabilities Principal Repayment | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | |
Purchase Other Current Assets | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | |
Purchase Long-term Assets | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | |
Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Cash Spent | $60,258 | $71,785 | $68,016 | $78,057 | $81,861 | $79,119 | $90,583 | $85,314 | $85,762 | $97,226 | $91,957 | $92,005 | |
Net Cash Flow | $9,075 | ($952) | $8,817 | $1,526 | $5,222 | $17,714 | $6,500 | $19,019 | $21,071 | $9,857 | $22,376 | $22,495 | |
Cash Balance | $49,075 | $48,123 | $56,940 | $58,465 | $63,687 | $81,401 | $87,900 | $106,919 | $127,990 | $137,847 | $160,222 | $182,717 |
Pro Forma Balance Sheet | |||||||||||||
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
Assets | Starting Balances | ||||||||||||
Current Assets | |||||||||||||
Cash | $40,000 | $49,075 | $48,123 | $56,940 | $58,465 | $63,687 | $81,401 | $87,900 | $106,919 | $127,990 | $137,847 | $160,222 | $182,717 |
Accounts Receivable | $80,000 | $85,000 | $88,500 | $96,000 | $110,750 | $118,000 | $125,500 | $132,750 | $132,750 | $140,250 | $147,500 | $147,500 | $147,500 |
Inventory | $10,000 | $14,300 | $14,300 | $18,700 | $22,000 | $22,000 | $27,500 | $27,500 | $27,500 | $33,000 | $33,000 | $33,000 | $33,000 |
Other Current Assets | $5,000 | $7,000 | $9,000 | $11,000 | $13,000 | $15,000 | $17,000 | $19,000 | $21,000 | $23,000 | $25,000 | $27,000 | $29,000 |
Total Current Assets | $135,000 | $155,375 | $159,923 | $182,640 | $204,215 | $218,687 | $251,401 | $267,150 | $288,169 | $324,240 | $343,347 | $367,722 | $392,217 |
Long-term Assets | |||||||||||||
Long-term Assets | $50,000 | $52,000 | $54,000 | $56,000 | $58,000 | $60,000 | $62,000 | $64,000 | $66,000 | $68,000 | $70,000 | $72,000 | $74,000 |
Accumulated Depreciation | $12,000 | $12,800 | $13,600 | $14,400 | $15,200 | $16,000 | $16,800 | $17,600 | $18,400 | $19,200 | $20,000 | $20,800 | $21,600 |
Total Long-term Assets | $38,000 | $39,200 | $40,400 | $41,600 | $42,800 | $44,000 | $45,200 | $46,400 | $47,600 | $48,800 | $50,000 | $51,200 | $52,400 |
Total Assets | $173,000 | $194,575 | $200,323 | $224,240 | $247,015 | $262,687 | $296,601 | $313,550 | $335,769 | $373,040 | $393,347 | $418,922 | $444,617 |
Liabilities and Capital | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
Current Liabilities | |||||||||||||
Accounts Payable | $20,000 | $31,669 | $27,558 | $37,464 | $41,377 | $38,233 | $49,879 | $44,609 | $44,655 | $56,301 | $51,030 | $51,076 | $51,123 |
Current Borrowing | $0 | $6,667 | $13,334 | $20,001 | $26,668 | $33,335 | $40,002 | $46,669 | $53,336 | $60,003 | $66,670 | $73,337 | $80,171 |
Other Current Liabilities | $0 | $3,000 | $6,000 | $9,000 | $12,000 | $15,000 | $18,000 | $21,000 | $24,000 | $27,000 | $30,000 | $33,000 | $36,000 |
Subtotal Current Liabilities | $20,000 | $41,336 | $46,892 | $66,465 | $80,045 | $86,568 | $107,881 | $112,278 | $121,991 | $143,304 | $147,700 | $157,413 | $167,294 |
Long-term Liabilities | $40,000 | $41,500 | $43,000 | $44,500 | $46,000 | $47,500 | $49,000 | $50,500 | $52,000 | $53,500 | $55,000 | $56,500 | $58,000 |
Total Liabilities | $60,000 | $82,836 | $89,892 | $110,965 | $126,045 | $134,068 | $156,881 | $162,778 | $173,991 | $196,804 | $202,700 | $213,913 | $225,294 |
Paid-in Capital | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 |
Retained Earnings | $9,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 |
Earnings | $24,000 | ($1,261) | ($2,570) | $274 | $7,970 | $15,619 | $26,720 | $37,773 | $48,778 | $63,236 | $77,646 | $92,009 | $106,323 |
Total Capital | $113,000 | $111,739 | $110,430 | $113,274 | $120,970 | $128,619 | $139,720 | $150,773 | $161,778 | $176,236 | $190,646 | $205,009 | $219,323 |
Total Liabilities and Capital | $173,000 | $194,575 | $200,323 | $224,240 | $247,015 | $262,687 | $296,601 | $313,550 | $335,769 | $373,040 | $393,347 | $418,922 | $444,617 |
Net Worth | $113,000 | $111,739 | $110,430 | $113,274 | $120,970 | $128,619 | $139,720 | $150,773 | $161,778 | $176,236 | $190,646 | $205,009 | $219,323 |
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The global juice market hit $1.08 billion in 2021 . With the potential for a compound annual growth rate (CAGR) of 6.97% between 2022 and 2029, the market could reach $1.86 billion by 2029. Now’s the time to get juicing!
This comprehensive guide covers everything you need to learn how to start a juice business. You’ll learn insider tips for developing a successful juice business plan. We’ll walk through the process of hiring an accountant, registering an EIN, tallying market research, and more.
Market research is important to structure a successful juice bar business plan. Market research sheds light on your target market, local competitors that sell juice in your area, current trends in the juice bar industry, and more. Some details you might learn through your juice bar research include:
The opportunity is ripe for new players in the food truck and fresh fruit juice bar kiosk business. Health-conscious millennials present the ideal target market for premium juice and smoothie brands.
Thoroughly analyzing your competition is crucial when launching any new business, especially in the growing juice segment. Assess competitors on product offering, pricing, location, marketing, and online presence to identify strategic advantages.
Some ways to get to know other successful juice brands in your juice bar location include:
By benchmarking against current players on all these fronts, you can carve out a unique positioning for your own juice business. Backed by smart competitive analysis, you’ll launch with an informed strategy for success.
Starting a new raw juice business requires startup and ongoing costs. Some of the investments you’ll make in the fresh juice industry include:
Starting a juice business requires a significant. upfront investment to get your fresh juicing operation off the ground. From juicing equipment to store build-outs, be prepared to spend $100,000 or more just to open your doors.
In total, plan on spending $100,000 – $250,000+ to start a juice business before even selling your first juice!
Starting a juice business requires deep pockets. But with proper planning and budgeting, you can turn your juicy idea into a thriving, nourishing oasis in your community.
When starting a juice business, one of the first legal steps is choosing your business structure. Each entity type has pros and cons to weigh for a juicing operation.
A sole proprietorship is the simplest and most common for small businesses. You gain complete control and avoid corporate taxes. However, you’re personally liable for all debts and legal claims, a major risk in the food industry.
Forming a general partnership splits liability and decision-making with a co-owner. But conflicts can arise and any partner’s mistakes harm you too. The business ends if a partner leaves.
Given the hazards, I’d advise avoiding sole proprietorships and partnerships. Instead, incorporate your juice business for liability protection.
A corporation shields owners’ assets and can raise investment capital by issuing stock shares. However extensive corporate record-keeping and double taxation make this a suboptimal choice for early-stage juice companies.
Instead, forming a limited liability company (LLC) offers the best of all worlds. An LLC combines corporate-like liability protection with pass-through taxation like a partnership.
Starting an LLC for your juice business takes just a few key steps:
While sole proprietors can instantly launch, incorporation paperwork and fees total $500 – $2,000 for an LLC. But the liability protection far outweighs these minor hassles and costs.
One crucial task when forming your juice business is obtaining an Employer Identification Number (EIN) from the IRS. This unique number identifies your business for tax and reporting purposes.
All businesses except sole proprietors must get an EIN. This applies to juice businesses structured as LLCs, corporations, partnerships, and nonprofits.
An EIN is essentially the business equivalent of a social security number. You’ll need it to open business bank accounts, pay employees, file returns, and complete other IRS processes.
The good news is applying for an EIN is quick and free through the IRS website. Follow these steps:
The online application takes less than 15 minutes. At the end, you’ll receive an EIN confirmation letter with your new number.
In addition to your federal EIN, don’t forget to contact your state revenue or taxation department about registering for state tax IDs. These are required to collect and remit state sales taxes.
Keeping your financial house in order is critical when launching a juice business. Proper accounting helps optimize profits, manage costs, and avoid IRS issues down the road.
Start by separating personal and business finances. Open a dedicated business checking account through your bank. This gives you a clear view of juice bar earnings and expenses separate from your finances.
Track all juice business income and outflows through this account. Use accounting software like QuickBooks to automate the process. QuickBooks sync with your business bank and credit card accounts, providing real-time visibility into the financial health of your juicing operation.
While the software does the heavy lifting, partnering with an accountant adds oversight and expertise. A qualified accountant provides bookkeeping and reconciliation services to ensure accuracy.
Come tax season, your accountant will prepare and file business returns, sales tax statements, and payroll forms on your behalf. Expect to pay $200-$500 monthly for an accountant’s services, depending on involvement.
Also, apply for a separate business credit card through your bank. Business cards don’t use your credit score, so your juice bar qualifying depends on the length of time you’ve been registered as a business entity.
A business credit card earns rewards on juice bar purchases and keeps expenses organized. Just be sure to pay it off monthly to avoid finance charges.
Before serving your first smoothie bowl, it’s crucial to ensure your juice bar has all the, required licenses and permits. Find federal license requirements through the U.S. Small Business Administration . The SBA also provides insight into state and city requirements.
At the federal level, you must register with the FDA as a food facility. While there is no fee, registration provides oversight on safely handling produce and juices. Forms are submitted online via the FDA’s Registration of Food Facilities portal.
Your local health department also issues permits related to food safety and prep. Expect to pay $100-$500 annually for a retail food establishment permit after passing inspections. Some cities may require additional health cards for employees.
Don’t forget about the Alcohol and Tobacco Tax and Trade Bureau if you’ll serve any kombucha on tap. You’ll need a brewer’s notice and potentially pay excise taxes.
Zoning laws determine which business activities are allowed in certain areas. Verify juicing is permitted or acquire a conditional use permit. Otherwise, locate properly zoned retail space.
To play music in your juice bar, you must pay licensing fees to organizations like BMI and ASCAP. Rates vary based on factors like music use and venue capacity.
Operating a juice business comes with inherent risks that make insurance coverage essential. The right policies help safeguard your company’s financial future.
Without insurance, a single catastrophe could force you to close up shop. Imagine a refrigerator malfunction ruins $5,000 of produce overnight. Or a customer slips and sues for $100,000 in medical bills.
These events could bankrupt many small businesses. But with insurance, most losses are covered so you can rebuild and move forward.
Specific policies to consider include:
Securing coverage begins with an insurance needs assessment by an agent. Be ready to provide details on your business activities, location, property value, and number of employees.
The agent will recommend tailored policies and provide quotes for premiums, which vary based on your risks. Expect to budget approximately $1,000 or more annually for solid juice bar coverage.
With the right business insurance partner, you can rest easy knowing your juicing operation is protected from unpredictable events. Don’t squeeze limes without a safety net.
While juice production happens in your commercial kitchen, securing office space provides room for administrative work away from the bustling retail floor.
A home office offers maximum convenience and cuts commuting time. Expect costs around $100-$500 to set up a basic workspace in a spare bedroom or basement. However, distractions from family members can impede productivity.
Coworking spaces like WeWork provide a more professional environment for under $500 per month. You’ll gain access to shared amenities like conference rooms, printers, high-speed internet, and snacks. Coworking enables networking opportunities yet flexibility to scale your office presence.
If you operate a juice bar, claim an office in the retail space itself. This facilitates managing daily front-of-house operations. Assuming at least 2,000 square feet, allocate $1,000 or more to furnish a private back office.
For long-term stability, leasing Class A office space in a commercial building is ideal. Expect to pay $2,000 or more monthly based on factors like location, size, and build-out requirements. While costlier, traditional office space projects professionalism to customers.
Opening a juice business requires specialty equipment like cold press juicers, blenders, and refrigerators. Strategic sourcing ensures quality gear at reasonable costs.
Buying new provides the widest selection of commercial models. Leading juicer brands include Norwalk , Omega , and Tribest . Expect prices from $500 for centrifugal to $25,000+ for hydraulic press juicers. Also browse restaurant supply stores for blenders, fridges, and small wares.
Buying used offers potential savings, with juicers often available on Craigslist for half-off retail pricing. However, test pre-owned equipment thoroughly and have a service budget for any repairs needed.
Renting equipment requires little upfront investment which helps manage cash flow as you launch. Monthly costs typically run 2-3% of the purchase price. Rental terms range from 12-48 months.
Leasing longer-term locks in fixed payments towards ultimately owning the equipment. Approval depends on your business and credit profile. The buyout option provides future flexibility.
Crafting a strong brand identity is crucial for standing out in the crowded juice market. Invest time upfront in creating professional branding elements that exude your juicing vision.
Start by purchasing a unique business phone number through a provider like RingCentral . Choose an easy-to-remember vanity number including your company name or keywords. A dedicated business line adds legitimacy when customers call your juice bar.
Design a sleek logo that encapsulates your brand. Options include simple wordmarks, creative combination marks, or vivid graphic logos. Looka makes crafting custom logos easy and affordable.
Ensure logo colors, fonts, and graphic assets align with your brand style guidelines. This creates cohesive recognition across touchpoints like your website, menus, signage, and uniforms.
Business cards from Vistaprint enable networking and promotions at juice industry events. Include vital info like your phone number, email, social media handles, and juice bar address.
Eye-catching store signage and window graphics are also must-haves. Drive awareness with Vistaprint banners and stickers displaying your logo around town.
Secure a .com domain name for your juicing business through a registrar like Namecheap . Brainstorm keywords like “juice” and your city to find an available domain that’s short and memorable.
You can easily build a professional website yourself with drag-and-drop tools from Wix . Or hire a skilled web developer on Fiverr if you prefer custom site coding. Your website acts as an online juice bar menu and brand hub.
Joining relevant local organizations and online communities can help propel your juicing success. Surround yourself with fellow juice bar owners to trade secrets and find support.
Seek out associations like the Juice Products Association or your city’s small business association. Attend member meetups to connect with other juicing entrepreneurs in your area facing similar challenges.
Meetup makes discovering juicing and small business events in your city simple. Browse upcoming mixers, workshops, and conventions relevant to your niche.
Participating in Facebook Groups like the Cold-Pressed Juice Business which has over 6,000 members also offers camaraderie. Pose questions and have seasoned juice bar veterans weigh in with advice.
Implementing an effective marketing strategy is essential for juicing up sales and expanding your customer base as a new juice bar. While quality products may speak for themselves, getting the word out accelerates growth.
Tap into your personal and professional networks first. Encourage friends and family to try your juices and smoothies. Offer discounts for referrals to incentivize word-of-mouth buzz.
Satisfied customers are your best advertisers. Provide comment cards allowing patrons to praise your business. Feature rave reviews on social media and your website to build credibility.
Amplify reach and target customers digitally with tactics like:
Don’t neglect traditional promotion either:
The most effective marketing mix includes a presence both online and locally in the community. Track analytics to determine which platforms drive the most traffic and sales over time. Let data guide where to concentrate marketing efforts for maximum impact.
With persistent outreach across diverse channels, your juices will flow from the kitchen to the mouths of eager, health-minded patrons citywide!
Providing an exceptional customer experience is crucial for juicing up success and growth. How you treat patrons will directly impact your reputation and bottom line.
Improve customer focus with a few of the following tips:
By making each visitor feel special, you cultivate a loyal following. This fuels steady streams of referrals and repeat business thanks to standout customer service.
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A fruit juice bar, or fruit juice shop is a small, informal restaurant where juice and in most cases, smoothies are made and served to customers. Fruit juice is ideally 100 percent pure juice made from the flesh of fresh fruit or from whole fruit, depending on the type used. It is not permitted to add sugars, sweeteners, preservatives, flavorings, or colorings to fruit juice.
The most recent report available online shows that the number of businesses in the fruit juice sector in the United States was 5,124 in 2020, down from the previous year’s total of 5,224., employment in this sector was forecast to reach 5,255. There are 5,373 Fruit juice businesses in the US as of 2022, an increase of 1.9% from 2022.
The global fruit juice and smoothies market is projected to register a CAGR of 7.2% during the forecast period, 2020 – 2025. The rising health consciousness among consumers and increasing demand for convenience and value are driving the demand for fruit juice and smoothies.
Conduct market research.
Conducting market research before starting any business is key to the success of the business hence you must not open a fruit juice bar without conducting market research. This is because Market research provides critical information about your market and your business landscape.
It can tell you how your business is perceived by the customers and clients you want to reach. It can help you determine who and where your customers are, and which customers are most likely to do business with you.
Yes, the fruit juice bar business is very profitable. The fruit juice market in the United States is estimated at US$5.5 Billion in the year 2020.
Yes, there are existing niches when it comes to fruit juice bars, and here are some of them;
Yes, there are county and state regulations and zoning laws for fruit juice bars in the United States. Please note that the Food and Drug Administration (FDA) sets the federal Food Code, but it doesn’t oversee individual fruit juice bars. Instead, the various states use the Food Code as the basis for their own food codes. They may adopt its rules, interpret them differently or set their own rules.
Please note that in the United States, you are required to follow your state’s food service code. Visit the FDA website for a list of food service codes by state. Use this to find the state authority handling restaurants and bars and view the laws that apply in your state.
Yes, there are franchise opportunities for fruit juice bars. Here are some of them;
A. what type of business structure is best for fruit juice bar.
The truth is that you have several options when it comes to the business structure of a fruit juice bar, but the one that most players in this line of business consider is an LLC. It is common to consider an LLC because providers want to protect themselves from lawsuits. Please note that an LLC will need an EIN if it has employees or if it will be required to file any of the excise tax forms listed below.
You don’t need any certifications to open a fruit juice bar business.
If you are considering opening a fruit juice bar business, usually you may not have any need to file for intellectual property protection or trademark. This is because the nature of the business makes it possible for you to successfully run it without having any cause to challenge anybody in court for illegally making use of your company’s intellectual properties.
A. how much does it cost to start a fruit juice bar business.
A sit-down fruit juice bar typically costs between $200,000 and $375,000 to set up. A large drive-through fruit juice shop can cost between $80,000 and $200,000. A small kiosk fruit juice bar may cost between $25,000 and $75,000. A franchised sit-down fruit juice bar can cost up to $673,700.
It is not obligatory to build a new facility for your fruit juice bar, but if you have the required finance, it will pay you to build your own facility. The truth is that building or reconstructing a facility will help you come up with a facility that will perfectly fit into your overall business goals and vision.
A. executive summary.
Fruit Solutions® Fruit Juice Bar, Inc. is a neighborhood fruit juice bar business that will be located in a fast-growing health-conscious community in Silver Spring, Maryland. We have been able to secure a one-year lease of a vacant shop within the city’s largest shopping mall. The facility has an option of renewal for 5 years at a rate that is favorable to us.
Our mission is to establish a fruit juice bar that will make available different types and flavors of fruit juice at every given time to our highly esteemed customers.
Our vision is to establish a standard and world-class fruit juice bar business in Silver Spring, Maryland that will be the leader in the juice and smoothies industry in the State.
The goals and objectives of a fruit juice bar business are to provide a retail outlet where patrons can go to buy and drink different types and flavors of fresh fruit juice.
A. swot analysis.
Fruit juice bars make money by selling;
A. how much should you charge for your product/service.
The average price for a fresh fruit juice is typically around $5 for a small cup and $7 for a large cup. Fruit and yogurt bowls typically sell for around the same prices depending on the size.
It depends, but available reports show that on average a small to medium-sized fruit juice bar can earn anywhere from $60,000 to $160,000 for the shop owner.
The profit margins for fruit bars are dependent on which fruit (organic or nonorganic) you use when making your juice. The healthiest, freshest ingredients are the most expensive. Therefore, stores that use fresh ingredients can expect to have food costs that are as much as 50 percent of their expenses, netting them approximately a 40 percent gross margin.
Below is the sales forecast for a fruit juice bar. It is based on the location of the business and other factors as it relates to such startups in the United States;
A. how do you choose a perfect location for fruit juice bar.
When it comes to hiring employees for a standard fruit juice bar, you should make plans to hire a competent shop manager (you can occupy this position), account clerk, juice makers, and servers, cleaners, and security guard.
In recent times, no fruit juice bar opens its door for business without first organizing an opening party to officially launch the business. You can choose to do a soft opening if you are operating on a low budget or you can go for a grand opening party.
The bottom line is that with a proper launching of the fruit juice bar, you will be able to officially inform people in your city that your fruit juice bar is open for business.
Complete guide to writing your juice business plan.
This PDF is a step-by-step guide to helping you write a business plan for your juice business.
Whether you’re starting a juice bar, a juice delivery service, or a wholesale juice business, this guide explores the key elements of a successful juice business plan , along with industry tips, resources, and downloadable content to help you write it.
Business steps:, 1. perform market analysis., are juice businesses profitable, 2. draft a juice business plan., how does a juice business make money, 3. develop a juice brand., how to come up with a name for your juice business, 4. formalize your business registration., resources to help get you started:, 5. acquire necessary licenses and permits for juice., what licenses and permits are needed to run a juice business, 6. open a business bank account and secure funding as needed., 7. set pricing for juice services., what does it cost to start a juice business, 8. acquire juice equipment and supplies., list of software, tools and supplies needed to start a juice business:, 9. obtain business insurance for juice, if required., 10. begin marketing your juice services., 11. expand your juice business..
By: Author Tony Martins Ajaero
Home » Business ideas » Food Industry » Smoothie & Juice Bar
Are you about starting a fruit juice shop? If YES, here is a complete sample fruit juice shop business plan template & feasibility report you can use for FREE .
People are increasingly becoming aware of the need to cut down on carbonated drinks and embrace fruit juice because of the enormous health benefits that accrue from it. This is the reason why juice bars are spring up all around major cities in the united states.
It is then obvious that the juice bar business is one cool business that an aspiring entrepreneur can settle for. One good thing about starting a fruit juice business is that if you are diligent enough and if you have good marketing strategies, you can build the business from just one outlet to numerous outlets across different cities in the United States from the sale of franchise.
1. industry overview.
Fruit juice shop business is of course part of the Juice and Smoothie Bar industry. The industry has come a long way and it is still evolving with smoothie drink makers bringing in creativity in terms of flavors and packaging into the industry.
Smoothie drinks have been around for many years, but they are becoming more popular in recent time due to the health benefits that come with it.
This industry consists of businesses that basically make and retail fruit smoothies and freshly made juices. A smoothie is a blended, sometimes sweetened beverage primarily made from fresh fruit or vegetables combined with ice, frozen fruit or other frozen ingredients.
Some juice and smoothie bars give their clients option of add-ins such as soy milk, whey powder, green tea and herbal or nutritional supplements et al.
Fruit juice is one commodity that is consumed in all parts of the world and of course those that are in the business of producing fruit juice are known to generate sales year in year out if the business is well – managed. As a matter of fact, economic downturn hardly affects the consumption of fruit juice because it is considered a healthy substitute for soft drinks and other processed drinks et al.
The Juice and Smoothie Bar industry has grown steadily over the last five years as juice and smoothie bars have adapted to the rapidly changing consumer preference and lifestyle. In recent years, the perceived high sugar content of some smoothies and juices has forced the industry to adapt its offering.
For this reason, cold pressed juice, which is made by hydraulically chopping and crushing produce such as spinach, kale and ginger without using heat, thereby yielding highly nutritious juice, has risen to prominence.
The Juice and Smoothie Bar industry is a thriving sector of the economy of the United States of America and they generate over $2 billion annually from more than 1,435 registered and licensed companies scattered all around the United States of America.
The industry is responsible for the employment of over 35,861 people. Experts project the Juice and Smoothie Bar industry to grow at a 2.9 percent annual rate. Smoothie King and Jamba Inc. are the leaders in the Juice and Smoothie Bar industry, they have the lion market share in the United States of America.
With this kind of business, if you want to start on a small scale, you can choose to start servicing a school around you or even the whole of your local community. All you would need are contacts, packaging, networking and good marketing and customer service skills.
However, if you intend starting it on a large scale, then you should consider spreading beyond your local community to the state and even national level with adequate structure for chains of outlets and distribution networks.
If you are contemplating starting your own fruit juice shop business in the United States, you should ensure that you carry out a thorough market survey. If you get some key factors wrong before starting your business, then you are likely going to struggle to stay afloat.
Shelly Pearson® Fruit Juice Shop, LLC is a licensed fruit juice shop business that will be based in Columbus – Ohio. We are a unique fruit juice brand because we do not just sell assorted fresh fruit juice, but we will also offer consultancy services in line with our area of business.
Shelly Pearson® Fruit Juice Shop, LLC is own and managed by Mrs. Shelly Pearson a graduate of Micro Biology from the University of Columbus – Ohio. She has over 7 years of hands on experience working for some of the leading brands in the fruit and smoothie bar industry.
Due to our corporate business goal of becoming one of the top 5 fruit juice and smoothie bar companies in the United States of America, we are willing to go the extra mile to invest in some of the finest professionals we can find and also we have set plans in place to acquire the best of equipment when it comes to setting up a standard fruit juice shop.
Our bar and will be customized to fit into the kind of ideas we have of how a first class fruit juice shop should look like. When it comes to hygiene, we have put plans, process and structures in place that will ensure that we are always at the top of our game. We have been able to secure permits from all relevant departments in Columbus – Ohio.
Shelly Pearson® Fruit Juice Shop, LLC is set to redefine how fruit juice business should be run, not just in Columbus – Ohio, but also in the whole of the United States of America.
This is why we have put plans in place for the continuous training of our staff and we will also liaise with stakeholders in the industry to contribute our quota in the way juice making equipment should be designed to meet the ever changing demands of the industry.
The demand for fresh fruit juice et al is not going to plummet any time soon, which is why we have put plans in place to continue to explore all available markets around the cities where our chains of fruit juice shops are going to be located and ensure that we create a wide range of distribution channels. With that, we know that we will be able to maximize profits in our business.
Our strongest selling point at Shelly Pearson® Fruit Juice Shop, LLC is the unique taste of the different types of fresh fruit juice that we sell. There is hardly any customer that will taste any of our products who would not want to come back and make more purchase.
Shelly Pearson® Fruit Juice Shop, LLC will at all times demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible.
We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely.
Our plan is to position the business to become a leading brand in the Juice and Smoothie Bar industry in the whole of Ohio, and also to be amongst the top 5 fruit juice brand in the United States of America within the first 10 years of starting our business.
This might look too tall a dream but we are optimistic that this will surely come to pass because we have done our research and feasibility studies and we are confident that Columbus – Ohio is the right place to launch this type of business before spreading to other cities in the United States.
At Shelly Pearson® Fruit Juice Shop, LLC we deal in a wide variety of fresh fruit juice, we are an establishment that primarily prepare, serve/sell fresh fruit juice and toppings. As part our strategy to create multiple sources of income in line with our core business concept, we will run a consultancy service and training.
Our intention of starting Shelly Pearson® Fruit Juice Shop, LLC is to make profits from the industry and we will do all that is permitted by the law in the US to achieve our aim and ambition. Here are some of our products and services;
Our Business Structure
As part of our plan to build a successful fruit juice business in Columbus – Ohio, we have perfected plans to get it right from the onset which is why we will ensure that we have competent employees in our company. We will ensure that we only hire people that are qualified, honest, hardworking, customer centric and are ready to work to help us build a prosperous business that will benefit all the stakeholders.
As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more depending how fast we meet our set target.
The picture of the kind of fruit juice business we intend building and the goals we want to achieve is what informed the amount we are ready to pay for the best hands available in the juice and smoothie bar industry as long as they are willing to work with us to achieve our business goals and objectives.
Here is the business structure that we will build at Shelly Pearson® Fruit Juice Shop, LLC;
Shop Manager
Human Resources and Admin Manager
Chief Executive Officer – CEO (Owner):
Sales and Marketing Manager
Accountant/Cashier
Distribution Van Drivers:
Greeters/Customer Care Officer/Table Attendant
Our plan of starting our fruit juice shop in just one outlet is to test run the business for a period of 3 to 5 years to know if we will invest more money, expand the business and then open other outlets.
We are quite aware that there are several fruits juice bars and similar businesses all over Columbus – Ohio and even in the same location where we intend locating ours, which is why we are following the due process of establishing a business.
We know that if proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be equipped to confront our threats.
Shelly Pearson® Fruit Juice Shop, LLC employed the services of an expert HR and Business Analyst with bias in restaurants and fast food line of business to help us conduct a thorough SWOT analysis and to help us create a Business model that will help us achieve our business goals and objectives. This is the summary of the SWOT analysis that was conducted for Shelly Pearson® Fruit Juice Shop, LLC.
Our strength lies in the fact that we have a wide range of fruit juice that can meet the needs of a wide range of customers. We have a state of the arts facility and equipment that has positioned us to meet customer demands even if demand tripled overnight or if we have a massive order to meet.
Another factor that counts to our advantage is the background of our Chief Executive Office; she has robust experience in the industry and also good academic qualifications to match the experience acquired which has placed her amongst top professionals in the United States of America.
We are not ignoring the fact that offering consultancy services and running a standard and accredited training center is definitely going to count as a positive for us.
The fact that we are setting up a fruit juice business in a city with other juice and smoothie bars may likely pose a challenge for us in breaking into the already saturated market in Columbus – Ohio. In essence our chosen location might be our weakness.
But nevertheless, we have plans to launch out with a big bang. We know with that, we will be able to create a positive impression and have a proper handle when it comes to building on already gather momentum.
The opportunities available to us are unlimited. Loads of people consume fresh fruit juice on daily basis and all what we are going to do to push our products to them is already perfected. There are also loads of people who would want to learn how to produce fresh fruit juice and they will readily find our government approved fruit juice training center ideal for them to fulfill that goal.
The threat that is likely going to confront us is the fact that we are competing with already established juice and smoothie bars in Columbus – Ohio and also there are other entrepreneurs who are likely going to launch similar business within the location of our business.
Of course, they will compete with us in winning over the available market. Another threat that we are likely going to face is unfavorable government policies and of course economic downturn.
Loads of people are beginning to switch from drinking carbonated drinks to drinking fresh fruit juice and smoothies because of their health benefits. As a matter of fact, the sale of juicers has increased tremendously as most households now make it a point of duty to get one for their families and also to start grooming their kids to choose fresh juice and smoothies over carbonated drinks.
The Juice and Smoothie Bars industry has grown steadily over the last five years and have adapted to the rapidly changing consumer preferences and lifestyle.
In recent years, the perceived high sugar content of some smoothies and juices has forced the industry to adapt its offerings, thereby offering cold pressed juice. This juice is made by hydraulically crushing fruits and vegetables without using heat, thereby yielding highly nutritious juice.
Another trend is that some fruit juice and smoothie bars have gone beyond only selling their products in their shops to taking it out to people in parks, sport centers and public places through vans and mobile food trucks. Some fruit juice bars have even gone ahead to start retailing their products to the public through franchising; it is one of the strategies that is helping them gain a huge market share.
When it comes to fresh fruit juice, there is indeed a wide range of available customers. In essence, our target market can’t be restricted to just a group of people, but all those who love fresh fruit juice and those who would want to try them out.
We are in business to engage in wholesale distribution and to retail a wide variety of fresh fruit juice to the following groups of people;
Our Competitive Advantage
A close study of the fruit juice industry reveals that the market has become much more competitive over the last decade. As a matter of fact, you have to be highly creative, customer centric and proactive if you must survive in this industry.
We are aware of the competition and we are prepared to compete favorably with other fruit juice bars in Columbus – Ohio. The fact that we have a clear market position, effective cost controls and ability to franchise operations gives us competitive advantage over our competitors.
Shelly Pearson® Fruit Juice Shop, LLC is launching a standard juice shop that will become the preferred choice of residents of Columbus – Ohio. Our fruit juice shop is located in a corner piece property on a busy road directly opposite one of the largest residential estates in Columbus – Ohio.
One thing is certain, we will ensure that we have wide varieties of fruit juice available in our shop at all times. It will be difficult for customers to visit our juice shop and not make a purchase. One of our business goals is to make Shelly Pearson® Fruit Juice Shop, LLC a one stop fruit juice shop.
Our excellent customer service culture, online store, various payment options and highly secured facility will serve as a competitive advantage for us.
Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category in the industry, meaning that they will be more than willing to build the business with us and help deliver our set goals and objectives.
Shelly Pearson® Fruit Juice Shop, LLC is established with the aim of maximizing profits in the industry and we are going to go all the way to ensure that we do all it takes to sell our products to a wide range of customers. Shelly Pearson® Fruit Juice Shop, LLC will generate income by selling the following products;
One thing is certain when it comes to fresh fruit juice shop business, if your fruit juices are properly made and if your fruit juice shop is centrally positioned and easily accessible, you will always attract customers cum sales and that will sure translate to increase in revenue generation for the business.
We are well positioned to take on the available market in Columbus – Ohio and every city where our fresh fruit juice will be sold and we are quite optimistic that we will meet our set target of generating enough income/profits from our first six months of operation and grow the business and our clientele base.
We have been able to examine the industry, we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to startups in Columbus – Ohio.
N.B : This projection was done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same products and customer care services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.
Before choosing a location to start Shelly Pearson® Fruit Juice Shop, LLC and also the kind of fresh fruit juice to produce, we conducted a thorough market survey and feasibility studies in order for us to be able to penetrate the available market in the cities where we intend positioning our business.
We have detailed information and data that we were able to utilize to structure our business to attract the number of customers we want to attract per time and also for our products to favorable compete with other leading juice brands in the United States of America.
We hired experts who have good understanding of the industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in Columbus – Ohio and throughout the United States of America.
In summary, Shelly Pearson® Fruit Juice Shop, LLC will adopt the following sales and marketing approach to sell our wide range of fresh fruit juice;
Despite the fact that our fruit juice shop is a standard one with a wide range of fresh fruit juice that can favorably compete with other leading brands in the United States, we will still go ahead to intensify publicity for our brand.
Shelly Pearson® Fruit Juice Shop, LLC has a long term plan of opening outlets in various locations in the United States of America and also to sell our franchise which is why we will deliberately build our brand to be well accepted in Columbus – Ohio before venturing out to other cities in the United States of America.
As a matter of fact, our publicity and advertising strategy is not solely for selling our products but to also effectively communicate our brand. Here are the platforms we intend leveraging on to promote and advertise Shelly Pearson® Fruit Juice Shop, LLC;
Fixing prices for fresh juice is not complicated as the prices depend on the size of the container. In view of that, our prices will conform to what is obtainable in the industry but we will ensure that within the first 6 to 12 months our products are sold a little bit below the average price in the United States of America.
We have put in place business strategies that will help us run on low profits for a period of 6 months; it is a way of encouraging people to buy into our brand.
The payment policy adopted by Shelly Pearson® Fruit Juice Shop, LLC is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.
Here are the payment options that Shelly Pearson® Fruit Juice Shop, LLC will make available to her clients;
In view of the above, we have chosen banking platforms that will enable our client make payment for fruit juice drinks purchase without any stress on their part. Our bank account numbers will be made available on our website and promotional materials.
In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.
The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked. As for the detailed cost analysis for starting a fruit juice shop business; it might differ in other countries due to the value of their money.
When it comes to starting a fruit juice business, the major areas that we would look towards spending the bulk of our cash is in the purchase of the latest juicers and of course renting or leasing well located facilities. Aside from that, you are not expected to spend much except for paying of your employees and the purchase of supplies.
These are the key areas where we will spend our startup capital;
We would need an estimate of $200,000 to successfully set up our fruit juice shop business in Columbus – Ohio.
Shelly Pearson® Fruit Juice Shop, LLC is a family business that is owned and financed by Mrs. Shelly Pearson and her immediate family members. They do not intend to welcome any external business partners which is why she has decided to restrict the sourcing of the startup capital to 3 major sources.
These are the areas we intend generating our startup capital;
N.B: We have been able to generate about $50,000 ( Personal savings $30,000 and soft loan from family members $20,000 ) and we are at the final stages of obtaining a loan facility of $100,000 from our bank. All the papers and documents have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.
The future of a business lies in the number of loyal customers they have, the capacity and competence of their employees, their investment strategy and business structure. If all of these factors are missing from a business, then it won’t be too long before the business closes shop.
One of our major goals of starting Shelly Pearson® Fruit Juice Shop, LLC is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running. We know that one of the ways of gaining approval and winning customers over is to retail our fresh fruit juice a little bit cheaper than what is obtainable in the market and we are prepared to survive on lower profit margin for a while.
Shelly Pearson® Fruit Juice Shop, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken care of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner.
As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.
Check List/Milestone
How to write a business plan for your fruit juice bar establishment.
Starting a fruit juice bar establishment is a great idea because it allows customers to have access to healthy, natural juices that can be customized to their preferences.
Additionally, it provides a profitable business opportunity as juice bars are becoming increasingly popular.
But, before that, you need a business plan.
A business plan is essential to any new project. It will help to define the goals of the project, identify the resources needed to reach those goals, and provide a timeline for the project. Having a business plan in place will help ensure the success of the project.
In short, a good business plan will help ensure the profitability of your fruit juice bar establishment .
What information should you put into the business plan of a fruit juice bar establishment? What should be the main focus areas? Which important financial measures should be there? How can I write a business plan efficiently and effectively?
This article is your one-stop solution to find answers for all these questions.
Moreover, please be aware that it is not mandatory to start your business plan from scratch.
You can download our customizable business plan for a fruit juice bar establishment and adapt it to your project.
Should you write a business plan for your fruit juice bar establishment.
Yes, you should write a business plan for your fruit juice bar establishment.
Developing a robust business plan will enable you to:
Our team has created a business plan for a fruit juice bar establishment that is designed to make it easier for you to achieve all the elements listed.
There's a lot of valuable information, content, metrics, and financial data in a business plan. It must be presented in a structured format, to make easy to read and digest.
When we built and designed our business plan for a fruit juice bar establishment , we made sure it had a proper structure.
We've separated it into 5 sections (Opportunity, Project, Market Research, Strategy and Finances).
The introductory section has been named "Market Opportunity".
In this section, you will find comprehensive data and insights about the fruit juice bar establishment, including market trends and customer preferences.
We continuously update all the data to keep it fresh.
In the "Project" section, you can outline your fruit juice bar establishment, highlighting the variety of fresh and nutritious fruit juices and smoothies you offer, the use of seasonal and locally sourced fruits, health benefits, customization options, and the unique value proposition that promotes a healthy and refreshing lifestyle through delicious fruit-based beverages.
Don't forget to introduce yourself at the end of this section.
Explain your passion for promoting healthy lifestyles, your knowledge of different fruits and their benefits, and how you plan to create a refreshing and nutritious juice bar experience for customers. Highlight your commitment to using fresh and organic ingredients, your diverse juice menu, and your dedication to providing exceptional customer service that supports customers in their journey to vibrant well-being through delicious and revitalizing fruit juices.
We've composed text for you in our business plan. Customize it to fit your concept perfectly.
Following that, we have the "Market Research" section.
In this section, you will find a detailed market segmentation analysis for your fruit juice bar establishment.
It includes a presentation of other juice bars in the area that will be competing with you. Your bar's unique juice blends and competitive advantages are also highlighted. A customized SWOT analysis is included.
Within the "Strategy" section, a detailed plan spanning three years is outlined, specifying the necessary initiatives to make your fruit juice bar establishment highly profitable.
In addition to that, you'll come across a marketing strategy, a risk management approach, and a Business Model Canvas that has been filled in.
Finally, you'll reach the "Finances" section, which houses all the financial metrics and figures for your project.
The Executive Summary acts as an opening to the business plan of your fruit juice bar establishment.
Don't exceed 2 pages, including only the critical information.
The purpose of this document is to make the reader wants to read your business plan.
In the Executive Summary of your fruit juice bar establishment, answer the following questions: what's your project? what's your market? who are your competitors why are you better than them? who are you? how much money you need to start?
Conducting a market study for your fruit juice bar establishment helps you understand external factors such as customer demand for fresh and healthy beverages, competition from other juice bars, and emerging trends in the beverage industry.
By conducting a thorough market analysis, a fruit juice bar establishment can understand consumer preferences, offer a variety of fresh and healthy fruit juices, optimize pricing strategies, and execute targeted marketing campaigns, ultimately leading to a loyal customer base, increased sales, and a prominent position in the local juice bar market.
This is what you'll find in the "Market Research" section of our business plan for a fruit juice bar establishment :
What's the business model of a fruit juice bar establishment, business model of a fruit juice bar establishment.
A fruit juice bar establishment's business model focuses on preparing and serving a variety of fresh fruit juices, smoothies, and other healthy beverages. The establishment may also offer complementary products like fruit bowls, salads, and snacks.
Revenue is primarily generated through beverage sales, with potential additional revenue streams from food sales, online orders, and catering services.
The business model emphasizes sourcing high-quality fruits, offering unique flavor combinations, promoting health and wellness, creating an inviting and vibrant atmosphere, and providing personalized customer experiences to cater to the growing demand for fresh and nutritious beverages.
Don't misunderstand the terms "business plan" and "business model."
A business model is like a structure that explains how a company makes money and provides value.
In a business plan, you depict your business model by utilizing the Business Model Canvas tool.
Rest assured, there is a Business Model Canvas (already completed) in our business plan for a fruit juice bar establishment .
Market segmentation for your fruit juice bar establishment involves dividing your potential customers into different groups based on their beverage preferences, demographics, and health-consciousness.
These categories may include factors such as fresh juice enthusiasts, fitness and wellness communities, families, or customers seeking specific juice combinations (e.g., detox juices, immunity-boosting blends).
By segmenting your market, you can offer a variety of fruit juices and beverage options that cater to each segment's specific preferences. For example, you might provide a wide selection of fresh and custom-made fruit juices for juice enthusiasts, offer specialized juice blends and supplements for fitness and wellness-focused individuals, create family-friendly juice options and combos, or develop juice programs targeted at specific health benefits such as detoxification or immune system support.
Market segmentation allows you to effectively target your marketing efforts, communicate the nutritional benefits of your juice offerings, and provide a refreshing and healthy beverage experience that resonates with each customer segment.
In the business plan for a fruit juice bar establishment , you will find a comprehensive market segmentation that will help you identify your potential customers.
It's clear that you won't be the only fruit juice bar establishment in your city. There are other venues offering a variety of fresh and healthy fruit juices and smoothies to customers.
Including a comprehensive competitor analysis in your business plan is vital; it involves identifying and evaluating your competitors' strengths and weaknesses.
Recognize their weaknesses (such as low-quality ingredients, lack of innovative recipes, or inadequate customer experience).
Why should you pay attention to these factors? Because these weaknesses can lead to customer dissatisfaction when visiting fruit juice bars. By addressing these points, you can offer a wide variety of freshly prepared juices, use high-quality ingredients, and provide a welcoming and vibrant atmosphere, setting your fruit juice bar establishment apart and attracting health-conscious customers.
It's what we call competitive advantages. You have to build them, it will help make your business stand out.
Here are some examples of competitive advantages for a fruit juice bar establishment: fresh and nutritious juice blends, unique flavor combinations, organic and locally sourced ingredients, customizable options, health-conscious menu choices, inviting and trendy ambiance.
A SWOT analysis can provide valuable insights into the strengths, weaknesses, opportunities, and threats of starting a fruit juice bar establishment.
As you can guess, there is indeed a completed and editable SWOT matrix in our business plan for a fruit juice bar establishment
When we use the "S" in SWOT, we're referring to Strengths, which are the project's internal strengths or key advantages.
For a fruit juice bar establishment, four possible strengths could be a wide selection of fresh fruit, friendly service, a convenient location, and competitive pricing.
When we use the "W," we mean Weaknesses, which are the aspects of the project that require improvement.
In the case of a fruit juice bar establishment, potential weaknesses could include seasonal availability of fruits, limited menu options, and high perishability of ingredients.
The letter "O" in SWOT signifies Opportunities, representing the favorable circumstances or chances for the project.
In the case of a fruit juice bar establishment, potential opportunities could include offering catering services, hosting events, providing delivery services, and creating a loyalty program.
The letter "T" denotes Threats in SWOT, signifying the external risks or unfavorable factors that can impact the project's outcomes.
A marketing strategy is like a roadmap that helps a business figure out how to reach and persuade people to buy its products or services.
You have to include it in a business plan because it ensures that the business focuses on the right customers, stands out from competitors, and gets the most out of its marketing efforts and resources.
A fruit juice bar establishment can attract health-conscious individuals by developing a targeted marketing plan that emphasizes the bar's freshly squeezed juices, nutritious ingredients, and vibrant and refreshing beverage options.
Health-conscious individuals won't visit your juice bar without proper promotion; emphasizing the freshness, variety of juices, and health benefits of your offerings is crucial.
Are you implementing effective marketing strategies for your juice bar? Consider offering personalized juice cleanses or nutrition consultations, utilizing social media platforms to showcase your vibrant and healthy juice creations, and partnering with local fitness studios or health food stores for promotional collaborations.
No need to worry if you're short on ideas for your project's marketing strategy.
A successful business plan requires comprehensive financial data in order to accurately forecast future performance.
When crafting your business plan, you should estimate the projected revenue for your fruit juice bar establishment.
The presence of a relevant and credible revenue forecast is crucial to give your business plan a strong appeal to banks or investors.
Our financial plan for a fruit juice bar establishment is straightforward and equipped with automated checks, enabling you to validate and adjust your assumptions easily. This way, we make sure you're building solid financial projections.
No doubt, you'll have to establish an initial budget for launching your fruit juice bar establishment. Don't overlook any expense. By the way, we've listed them all in our financial plan!
A key aspect of your financial plan is the break-even analysis, which helps determine whether your fruit juice bar establishment will be profitable or not.
Written by Dave Lavinsky
Over the past 20+ years, we have helped over 10,000 entrepreneurs and business owners create business plans to start and grow their juice bars and smoothie bars. On this page, we will first give you some background information with regards to the importance of business planning. We will then go through a juice/smoothie bar business plan template step-by-step so you can create your plan today.
Download our Ultimate Juice Bar Business Plan Template here >
A business plan provides a snapshot of your juice or smoothie bar as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategy for reaching them. It also includes market research to support your plans.
If you’re looking to start a juice bar or grow your existing juice bar you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your juice bar in order to improve your chances of success. Your juice bar business plan is a living document that should be updated annually as your company grows and changes.
With regards to funding, the main sources of funding for a juice bar are personal savings, credit cards, bank loans and angel investors. With regards to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to confirm that your financials are reasonable. But they will want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business.
The second most common form of funding for a juice bar is angel investors. Angel investors are wealthy individuals who will write you a check. They will either take equity in return for their funding, or, like a bank, they will give you a loan. VC funding is not appropriate for a juice bar. Venture capitalists might consider funding a chain, but never an individual location. This is because most venture capitalists are looking for millions of dollars in return when they make an investment, and an individual location could never achieve such results.
Juice bar business plan template.
Your business plan should include 10 sections as follows:
Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.
The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of juice bar you are operating and the status; for example, are you a startup, do you have a juice bar that you would like to grow, or are you operating a chain of juice bars.
Next, provide an overview of each of the subsequent sections of your plan. For example, give a brief overview of the juice bar industry. Discuss the type of juice bar you are operating. Detail your direct competitors. Give an overview of your target customers. Provide a snapshot of your marketing plan. Identify the key members of your team. And offer an overview of your financial plan.
In your company analysis, you will detail the type of juice bar you are operating.
For example, you might operate one of the following types:
In addition to explaining the type of juice bar you operate, the Company Analysis section of your business plan needs to provide background on the business.
Include answers to question such as:
In your industry analysis, you need to provide an overview of the juice bar business.
While this may seem unnecessary, it serves multiple purposes.
First, researching the juice bar industry educates you. It helps you understand the market in which you are operating.
Secondly, market research can improve your strategy particularly if your research identifies market trends. For example, if there was a trend towards juice cleanse regimens, it would be helpful to ensure your plan calls for plenty of juice regimen options.
The third reason for market research is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.
The following questions should be answered in the industry analysis section of your juice bar business plan:
The customer analysis section of your juice bar business plan must detail the customers you serve and/or expect to serve.
The following are examples of customer segments: college students, sports enthusiasts, soccer moms, millennials, etc.
As you can imagine, the customer segment(s) you choose will have a great impact on the type of juice bar you operate. For example, sports enthusiasts might want different product options, and would respond to different marketing promotions than soccer moms.
Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, include a discussion of the ages, genders, locations and income levels of the customers you seek to serve. Because most juice bars primarily serve customers living in their same city or town, such demographic information is easy to find on government websites.
Psychographic profiles explain the wants and needs of your target customers. The more you can understand and define these needs, the better you will do in attracting and retaining your customers.
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With Growthink’s Ultimate Juice Bar Business Plan Template you can finish your plan in just 8 hours or less!
Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.
Direct competitors are other juice bars.
Indirect competitors are other options that customers have to purchase from that aren’t direct competitors. This includes restaurants, supermarkets and customers making juice themselves at home. You need to mention such competition to show you understand that not everyone who drinks juice or smoothies frequents a juice bar each day.
With regards to direct competition, you want to detail the other juice bars with which you compete. Most likely, your direct competitors will be juice bars located very close to your location.
For each such competitor, provide an overview of their businesses and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as:
With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to stand outside your competitors’ locations and ask customers as they leave what they like most and least about them.
The final part of your competitive analysis section is to document your areas of competitive advantage. For example:
Think about ways you will outperform your competition and document them in this section of your plan.
Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a juice bar business plan, your marketing plan should include the following:
Product : in the product section you should reiterate the type of juice bar that you documented in your Company Analysis. Then, detail the specific products you will be offering. For example, will you offer items such as protein drinks or acai bowls? Will you offer fresh baked goods? Will you offer packaged food items for sale (e.g., protein bars, cookies)? Will you offer smoothies, fresh squeezed juices or both)? Etc.
Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your marketing plan, you are presenting the menu items you offer and their prices.
Place : Place refers to the location of your juice bar. Document your location and mention how the location will impact your success. For example, is your juice bar located next to a heavily populated office building, or gym, etc. Discuss how your location might provide a steady stream of customers. Also, if you operate or plan to operate kiosks, detail the locations where the kiosks will be placed.
Promotions : the final part of your juice bar marketing plan is the promotions section. Here you will document how you will drive customers to your location(s). The following are some promotional methods you might consider:
While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.
Everyday short-term processes include all of the tasks involved in running your juice bar such as training employees, serving customers, procuring supplies, keeping the store clean, etc.
Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to serve your 1,000th customer, or when you hope to reach $X in sales. It could also be when you expect to hire your Xth employee or launch a new location.
To demonstrate your juice bar’s ability to succeed as a business, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.
Ideally you and/or your team members have direct experience in the juice bar business. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.
If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act like mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in juice bars and/or successfully running retail and small businesses.
Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet and cash flow statements.
Income Statement : an income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenues and then subtracts your costs to show whether you turned a profit or not.
In developing your income statement, you need to devise assumptions. For example, will you serve 100 customers per day or 200? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.
Balance Sheets : While balance sheets include much information, to simplify them to the key items you need to know about, balance sheets show your assets and liabilities. For instance, if you spend $100,000 on building out your juice bar, that will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a bank writes you a check for $100.000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.
Cash Flow Statement : Your cash flow statement will help determine how much money you need to start or grow your business, and make sure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt.
In developing your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a juice bar:
Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your store design blueprint or location lease.
Putting together a business plan for your juice bar is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will really understand the juice bar business, your competition and your customers. You will have developed a marketing plan and will really understand what it takes to launch and grow a successful juice bar.
You can download our juice bar business plan PDF here . This is a business plan template you can use in PDF format.
What is the easiest way to complete my juice bar business plan.
Growthink's Ultimate Juice Bar Business Plan template allows you to quickly and easily complete your Juice Bar or Smoothie Business Plan.
You can download our juice bar business plan PDF template here . This is a business plan template you can use in PDF format.
Don’t you wish there was a faster, easier way to finish your Juice Bar business plan?
Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success. Click here to see how Growthink’s business plan advisors can give you a winning business plan.
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The cost for our opening party - $5,000. Miscellaneous - $5,000. We would need an estimate of $300,000 to successfully set up our fruit juice production business in Santa Fe, Galveston County - Texas. Generating Funds/Startup Capital for Top Taste™ ® Fruit Juice, Inc.
Here is a sample business plan for starting a fresh fruit juice production company. Starting a Fresh Juice Company. I will be discussing with you in this post how you can start afresh juice business and make good money in the long term. The making of fresh juice is a very lucrative business that any entrepreneur that wants to venture into the food industry needs to consider.
3. The products and services section. The products and services section of your business plan should include a detailed description of the offerings that your company provides to its customers. For example, your fruit juice brand could offer freshly squeezed juices, smoothies, and health shots to customers.
Lastly, address any funding needs in the "ask" section of your executive summary. 2. The presentation of the company. The second section in your fruit juice producer's business plan should focus on the structure and ownership, location, and management team of the company.
A fruit juice shop is a small, informal restaurant where fruit juice and in most cases, smoothies are made and served to customers. Fruit juice is ideally 100 percent pure juice made from the flesh of fresh fruit or from whole fruit, depending on the type used. It is not permitted to add sugars, sweeteners, preservatives, flavorings, or ...
Countingup is the perfect ingredient for healthy finances. To make sure that your juice company can provide financial projections in your plan, it would be useful to set up a separate account and use accounting software. Countingup is the business current account with built-in accounting software that allows you to manage your financial data in ...
Day-to-Day Tasks in Managing a Fruit Juice Factory. Running and managing a fruit juice factory involves a range of day-to-day tasks that ensure the smooth operation of the facility, the production of high-quality products, and the efficient management of resources. Here are the key aspects involved: Staff Management.
The company's natural, 100% fruit juices has grown in sales by 15% each year and is now available in over 100 store outlets in the greater Richmond area. Oasis Juice will gross $580,000 in sales this year. This was generated from a initial investment of $180,000. Oasis Juice is planning to expand its operation to include distribution to ...
3. Wholesale. ( Note: This is not technically a juice bar business — it's a juice factory business — but it is a plan worth considering.) It's hard to start small as a wholesale brand, so if you're going to go wholesale, you probably need to go big out of the gate. This requires a big investment in marketing and a factory.
The global fruit juice market has witnessed significant growth in recent years and is projected to continue expanding in the coming years. According to a report by Grand View Research, the global fruit juice market size was valued at $160.2 billion in 2020 and is expected to reach $238.8 billion by 2028, growing at a compound annual growth rate (CAGR) of 5.1% from 2021 to 2028.
Registering your business legal structure, acquiring permits and licenses, and having a lawyer draw up official agreements will cost around $2,000. Hiring and training staff is another major upfront cost. Expect to pay a general manager $40k-$60k/year and juice makers $25k-$35k/year plus benefits like healthcare.
A sit-down fruit juice bar typically costs between $200,000 and $375,000 to set up. A large drive-through fruit juice shop can cost between $80,000 and $200,000. A small kiosk fruit juice bar may cost between $25,000 and $75,000. A franchised sit-down fruit juice bar can cost up to $673,700. b.
This PDF is a step-by-step guide to helping you write a business plan for your juice business. Whether you're starting a juice bar, a juice delivery service, or a wholesale juice business, this guide explores the key elements of a successful juice business plan, along with industry tips, resources, and downloadable content to help you write ...
Writing a business plan for your fruit juice producing company. The next step in opening a fruit juice producing company is to draw up your business plan. What is a fruit juice producing company's business plan? A business plan serves as a comprehensive roadmap outlining the objectives, strategies, and key components of your venture.
Start now. 1. Perform market analysis. Starting a juice business requires a thorough understanding of the market to ensure your products meet consumer needs and stand out from the competition. A comprehensive market analysis will help you identify trends, target customers, and gauge demand.
Your business plan should articulate your vision clearly. Define your target audience (health-conscious consumers, gym-goers, office workers, etc.) and establish your juice bar's distinctive appeal (organic, locally-sourced produce, innovative flavor combinations, dietary accommodations such as vegan or sugar-free options, etc.).
February 28, 2024. Business Plan. Creating a comprehensive business plan is crucial for launching and running a successful juice bar. This plan serves as your roadmap, detailing your vision, operational strategies, and financial plan. It helps establish your juice bar's identity, navigate the competitive market, and secure funding for growth.
Marketing promotion expenses for the grand opening of Shelly Pearson® Fruit Juice Shop, LLC in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of - $3,580. Cost for hiring Business Consultant - $2,500.
How to structure a business plan for a fruit juice bar establishment? There's a lot of valuable information, content, metrics, and financial data in a business plan. ... A business model is like a structure that explains how a company makes money and provides value. In a business plan, you depict your business model by utilizing the Business ...
Traditionally, a marketing plan includes the four P's: Product, Price, Place, and Promotion. For a juice bar business plan, your marketing plan should include the following: Product: in the product section you should reiterate the type of juice bar that you documented in your Company Analysis.
Our juice stand business plan involves selling fresh fruit juices made from all-natural ingredients located between an office building and gym. Juice O'clock will offer watermelon, apple, and orange juices as top sellers at a slightly higher price than competitors due to its central location. The logo will feature watermelon, apple, and orange in a gradient designed circle to represent the ...
Download to read offline. business plan (smoothy juice) 1. Business Plan JUICE COMPANY HEAD OFFICE: Smoothy Juice Co. Ltd 23/4, Dhanmandi 4/A, Dhaka Dhaka-1215 E-mail: [email protected] Website: www.smoothy.com.bd FACTORY: Smoothy Juice Industry Limited Ashulia, Saver, Dhaka 1. 2.
Business Plan of Fruit Juice - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. n/a