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1 The Lunch Table, LLC “From the Greenhouse to the Schoolhouse” Dylan St. Jean Sport and Medical Sciences Academy Hartford, CT 2 Mission Statement To provide superb nutrition to our nation’s youth by implementing whole and hearty foods while educating on the importance of a self-sustaining food source Opportunity Increasing awareness of obesity in society Eating healthy improves and regulates mood; an effective yet subtle tool to maintain order in the classroom Business is self-sustaining; will not put a burden on taxpayers 3 Type of Business Service Students choose to participate in a self-sustaining lunch program They will plant, grow and manage fruits and vegetables grown in a greenhouse on school grounds used to stock a salad bar in their cafeteria Legal Structure Limited Liability Company (LLC) When dealing with products as sensitive as food, it is imperative to make both yourself and your business separate entities 4 I am qualified to run this business because: Managerial experience at local nursery Have the knowledge and work ethic required to run an efficient greenhouse program Have connections to local farmers and plant wholesalers: 5 Market Analysis Industry Name Specialty Food Services Industry Size $20+ Billion Total Population Hartford, CT: 124,775 People Total Population 124,775 Target Market Primary: School Officials Secondary: Elementary Through High School Students Potential Market Based on the Results of 50 Surveyed Students: Target Market 23,506 Potential Market 20,216 - 86% said they would use a salad bar if one was available at their school 6 Demographics Primary: School officials Secondary: Both male and female students from elementary to high school Psychographics Those who enjoy eating healthy foods and are moderately active Have a naturalistic personality and appreciation for sustainable living Open to learning about growing and consuming healthy foods Buying Patterns Take advantage of every available use of the salad bar Geographics The target market is located in Hartford, CT Will look for increasing variety and non-repetitive food choices Cash; or enter pin # to access preexisting money in a Lunch Table, LLC account 7 Factors National Farm to School Network Salad Bars to Schools Price Free Free Quality of Product/Service Great Great Excellent Location Online Online City-wide Reputation/Brands Good Good Excellent Have Numerous Partners Educational; Self-sustaining Unique Factors/ Knowledge Knowledge of Laws Regarding Food $2.50/Lunch 8 Students Who Care About Eating Whole and Hearty Foods People On School Grounds Service A Healthy, Selfsustaining Educational Lunch Program Place •Word of Mouth •Flyers on Community Boards •Radio (Garden Talk) •Speak at PTO Meetings Price Promotion $2.50/Lunch 9 Promotional Expense Monthly Amount Advertising Business Cards/Mailings $10.00 Publicity Garden Talk Radio Show $.00 Personal Selling Word of Mouth at Place of Work/Attend PTO Meetings $.00 Other Flyers Placed on Community Boards at Local Grocery Stores $5.00 Total Monthly Promotional Expense $15.00 10 Description of One Unit of Sale One Salad-Bar Lunch Cost of Materials/Labor Material Description Lettuce: Cost/Total Quantity Cost per Unit Three Varieties $3.95/500 Seeds $.01 x 3 = $.03 Tomatoes: Big Daddy Hybrid Seeds $5.95/25 Seeds $.05 Cucumber: Bush Champion Seeds $3.95/30 Seeds $.05 Cherry Belle Seeds $3.95/400 Seeds $.01 Bonanza Hybrid Seeds $4.95/200 Seeds $.03 Sweet California Wonder Seeds $3.95/100 Seeds $.04 Radish: Broccoli: Pepper: $.21 Total Material Cost per Unit Labor Labor Cost per Hour Time (in Hours) to Make One Unit $8.25 1 Minute/.016 Hrs. Labor Cost per Unit $.14 $.14 Total Labor Cost per Unit COGS (per Unit) $.35 11 Description of One Unit of Sale One Salad-Bar Lunch Selling Price (per Lunch) $2.50 COGS (per Lunch) $.35 Other Variable Expenses (per Lunch) $.00 Total Variable Expenses (per Lunch) $.35 Contribution Margin (per Lunch) $2.15 12 Fixed Expense Salary Average Monthly Expense $100.00 Advertising $15.00 Depreciation (Cell Phone/Computer) $30.08 Utilities/Rent (Home Office) $50.00 Total Average Monthly Fixed Expenses $195.08 13 Each Week for First Year 86 Free Time Each Week for Second Year New Business 40 New Business School 42 School 0 50 Hours 100 Free Time 100 25 43 0 50 Hours 100 14 Lunches Sold 6000 5000 4000 3000 2000 1000 0 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Month Total Lunches Sold 45,225s 15 Monthly Fixed Expenses Contribution Margin per Unit = Monthly Break-Even Units $195.08 = $2.15 91 In an average month, the will begin to make a profit after selling units. 91 Lunches 16 Selling Price per Unit Number of Units Sold Total Sales $2.50 45,225 $113,062.50 Variable Expenses $15,828.75 Contribution Margin Fixed Operating Expenses Pre-Tax Profit Taxes (15%) $97,233.75 $2,340.96 $94,892.79 Net Profit $14,233.92 $80,658.87 17 Start-Up Investment Start-Up Expenditures Item Where Will I Buy This? Cost Educational Greenhouse 30x72 Rimol Greenhouses Hooksett, NH $26,138.00 Education Greenhouse Assembly Town, Private Builder, Volunteers $5,000.00 Computer Owned Salad Bar www.saladbars.com Cell Phone Owned Greencycle Topsoil Plus (240 yards) Greencycle Fairfield, CT Total Start-Up Expenditures Owned $6,194.74 Owned $8,580.00 $45,912.74 Cash Reserves Emergency Fund Reserve for Fixed Expenses Total Start-up Investment $22,956.37 $585.24 18 $68,869.11 ROS: Return on Sales $80,658.87 For My Business: $113,062.50 X 100 = %71 Dollar Equivalent = $.71 ROI: Return on Investment For My Business: $80,658.87 $68,869.11 X 100 = %117 Dollar Equivalent = $1.17 19 Total Start-Up Investment Source Amount Grant $68,869.11 (www.grants.gov;Team Nutrition) Totals $68,869.11 Debt Equity Gift $68,869.11 20 Philanthropy 5% of monthly profit will be donated to Feed the Children in effort to help further close the nutritional gap plaguing children around the world Any leftover food will be available for pickup at the end of each Monday and Friday for the families in need at the respective school 21 Business Personal Long-Term Short-Term Implement a salad bar at the school I currently attend relationships with various farmers and communities around the state Complete a half-marathon Build Take classes in nutrition to better advocate on behalf of a healthy lifestyle Become partnered well-known chef with a Open a Roth IRA and begin investing for my future Run business until it is financially secure; then continue on with education goals Become employed by the Department of Homeland Security 22 Thank you for your Consideration of. The Lunch Table,. LLC “From the Greenhouse to the Schoolhouse” 23