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How to satr a business plan on Starting Food Business Truck based form other resources.
The purpose of this business plan is to secure a $50,000 three-year Bank of Star loan to fund the
purchase and marketing of a food truck restaurant (Holey Moley LLP) in downtown Lumut. Holey
Moley was founded by PaK Jabroni and Pak Jor, food chefs and connoisseurs, in 2014. The
investment will help the company begin and continue operations until the company becomes self-
sustaining.
Management Team
Jab Jor, Partner
Jab Jor has more than ten years in the food and restaurant industry and serves as the head chef of a
five-star restaurant. Mickey will bring his food preparation expertise to the enterprise to ensure high
quality products and efficient cooking standards.
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He holds a B.A. in Business Management from Virginia Polytechnic Institute.
Customers
Customers will include the community of shoppers and professionals in the 5 block radius around K-
Street, where our food truck will be located. We estimate 22 to 40 year-olds will make up 75% of our
revenue. We anticipate the completion of a new Chevy Chase business plaza near K-Street to
significantly increase our revenue at the end of year two.
Financial Forecast
Holey Moley estimates to reach over $120,000 in annual sales by the end of the first year. By the end
of the third year of business we calculate to hit over $200,000 in annual sales.
Required Funds
Holey Moley requires a loan of $50,000 to cover startup costs. The loan will be used to purchase a
fully-equipped mobile food preparation vehicle (MFPV) food truck. The business plan assumes that
the loan will be paid back within three years and with an interest rate of 6%. Founders, Mickey
Jordan and Pat Jabroni, will also invest $25,000 combined to help cover working capital.
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