Executive Summary
Marianne and Keith Bean have been involved with the food industry for several
years. They opened their first
restaurant in Antlers, Oklahoma in 1981, and their second
in Hugo in 1988. Although praised for the quality of many of
the items on their menu,
they have attained a special notoriety for their desserts. After years of requests for their
flavored
whipped cream toppings, they have decided to pursue marketing these products
separately from the restaurants.
Marianne and Keith Bean have developed several recipes for flavored whipped
cream topping.
They include chocolate, raspberry, cinnamon almond, and strawberry.
These flavored dessert toppings have been used in the setting of
their two restaurants over
the past 18 years, and have been produced in large quantities. The estimated shelf life of
the product is 21 days at refrigeration temperatures and up to six months when frozen.
The Beans intend to market this product in its frozen state in 8 and 12-ounce plastic tubs.
They also intend to have the products available in six ounce pressurized cans.
Special
attention has been given to developing an attractive label that will stress the
gourmet/specialty nature of the products.
Distribution of Fancy’s Foods Whipped Dream product
will begin in the local
southeastern Oklahoma area. The Beans have an established name and reputation in this
area, and product introduction should encounter little resistance.
Financial analyses show that the company will have both
a positive cash flow and
profit in the first year. The expected return on equity in the first year is 10.88%