The document outlines plans to start a chocolate manufacturing business called Chocolatiers in Lahore, Pakistan that will produce a variety of chocolate bars and truffles. It discusses the vision, marketing objectives, target market, and basic 4Ps of the business. Details are provided on product flavors and ingredients, pricing strategy, distribution channels, and the chocolate production process.
The document outlines plans to start a chocolate manufacturing business called Chocolatiers in Lahore, Pakistan that will produce a variety of chocolate bars and truffles. It discusses the vision, marketing objectives, target market, and basic 4Ps of the business. Details are provided on product flavors and ingredients, pricing strategy, distribution channels, and the chocolate production process.
The document outlines plans to start a chocolate manufacturing business called Chocolatiers in Lahore, Pakistan that will produce a variety of chocolate bars and truffles. It discusses the vision, marketing objectives, target market, and basic 4Ps of the business. Details are provided on product flavors and ingredients, pricing strategy, distribution channels, and the chocolate production process.
• Choco Land is starting a business of manufacturing
chocolates that offers “Taste that all Takes” in a variety of flavors through chocolate bars and truffles. Company will focus to capture customers by satisfying their needs. Company’s brand name will be “Chocolatiers”. • Our company will be sole proprietorship. Company Head Quarter will be in Gulberg -3 Lahore Pakistan. Our manufacturing plant will be at Sunder Industrial Area, Lahore, Pakistan. Business Description
• General Description of Business:
• Chocoland is starting a local chocolate manufacturing company that offers “Taste that all Takes” in a variety of flavors through chocolate bars and truffles. Company will focus to capture values from customers by satisfying their needs. Company provides premium chocolates and truffles in a hygiene and clean atmosphere, serving 82%population of children and adults in Lahore. Brand Name: Company’s brand name will be “Chocolatiers”. Tag line of the Company: “Taste that all Takes” Location: Company Head Quarter will be in Gulberg -3 Lahore Pakistan. Our manufacturing plant will be at Sunder Industrial Area, Lahore, Pakistan. Contact number: +92213999227390-79 Email Address : chocoland@gmail.com Website: www.chocoland.com Fax: 39992273 Vision and Mission • Vision • Our vision is to be the leading manufacturer of chocolates all over Pakistan. • Mission • We seek to produce high quality products at competitive price using modern technology to provide high satisfaction to the consumers. Marketing Objectives: • Some of the objectives of our business are as stated below: • To increase sales each month. • To achieve a market share of 15% within the first 18months of operation. • To achieve at least 75% customer awareness of our product in our target market. • To gain customer confidence within the first 12 months. Market Segmentation • The segmentation of the market for chocolatiers is based on three segments. • Geographical – Geographically, chocolate are segmented by consumer preferences in the area and are sold in that regions which consume more snack food. Market Segmentation • Behavioral: – Giving chocolates as gifts is a trend that is fast catching up in Pakistan. • Demographic: – • Income level in upper lower class , middle , upper middle and – • Higher income groups (only customized) – • Children – 55% – • Adults – 12% – • Young adults- 33% Target Market • The population of Lahore is approximately 12.2 million consists 82% ratio of Youth and children. • Chocó Land will target youth and children because they are more likely to prefer chocolates more than any other confectionery. • It is not just the taste but also people taste it on the celebration occasions. Basic 4p’s • Product – Chocolatiers Chocolate is made from real chocolate. Its ingredients include cocoa butter and full cream in chocolates and truffles. The Strategy of ChocoLand chocolatiers and truffles will be improving in the quality and features of product continuously. Our core value is to give quality assurance and innovative chocolates exceeding consumer’s expectations which have competitive advantage from the competitor’s products and it will enhance the good will of the company. Basic 4p’s • Price • The strategy of Chocoland for chocolates and truffles will charge the reasonable and affordable price from its competitors because the vision of ChocoLand is taste that all takes in daily life. ChocoLand will charge fewer price from its competitors and will provide better quality also. Company will use penetration strategy because will have low prices as compare to its competitors and have long life cycle of product. ChocoLand want to survive for long run in the market. Basic 4p’s • Placement – The placement strategy of ChocoLand will sell the chocolates and truffles at every corner shop, super stores, bakers shop and even medical stores also included in it. . Chocoland wants to provide chocolates to all type and class of customers because the core objectives of the company is taste that all takes. It will possible only when our chocolate will be in every corner. • Promotion Chocoland will use press and electronic media to motivate the potential and inspires the actual customers to purchase the product of ChocoLand. Company will give incentives on different celebrations and occasions that will inspire the children to purchase the Chocoland chocolate. To encourage the youth company will hire the celebrities for advertisement of the products which will inspire all type of consumers. Unique Selling Proposition • Flavors: • Chocolatiers will give a huge competition to its competitors through flavors. Company will give "Taste that all Takes" in different flavors with best quality such as coffee, caramel, crunch, dry fruits and vanilla flavor to our customers. Using best quality of cocoa will enhance flavors of chocolates. Chocolatiers will be defining taste of chocolate and will perfect for treating yourself and sharing among family and friends. • Consistency: • The consistency of chocolate made from two different cocoa powders and skim milk. Highly stable chocolate made from environmentally sustainable ingredients that will provide a more flavorful alternative to chocolate consumers in the Pakistan confectionery market. Core Competencies • The core competencies and unique selling proposition on which our company will be competing are quality, consistency, and innovation. • The marketing plan of the company will be based on marketing mix, price strategy, advertising campaign and promotion strategy. SWOT Analysis • Strengths: • Weaknesses: • Good chocolates • New firm • Quality of service • Competition • Different types of • Popularity chocolates • New brand • Hard to get exported • Low on calories • High on quality demand • Low pricing • Product innovation • Conveniently located • Hard to position • Healthy properly SWOT Analysis • Opportunities: • Threats: • Market threats • Emerging market • Local firms • Variety in product • Supermarket distributions • Students • Many players in the chocolate industry Compete with highly • Local markets are known authentic brands Many strong big players in the league • Easily accessible • Huge investments from competitors Competing against markets several close competitors which • Growing demand have seniority in the same field Price of chocolate bar
Price of 20g caramel bar is 35/- per unit.
• Price of30g coconut bar is 55/- per unit. • Price of 40g crunch bar id 100/- per unit. Distribution Channel • Nishter town • Walled city of Lahore • Johar town • DHA • Lakhodair Chocolate samples(customized) Chocolatiers Instagram Page Chocolatiers App Chocolate Processing • The product will be manufactured by Full Automatic Chocolate Production Line (QH200),with this system, baking the moulds, depositing, forming etc. series procedure can be achieved automatically. • It's available to depositing all shape of chocolate. Such as double color filled-inside, nuts chocolate. Chocolate Processing • Manufacturing Process: – Chocolate production is highly sophisticated computer process controlled process with much of the new specialist machinery. – Machines like as chocolate cooling tunnels, enrobing machines, coating machines and moulding machines. Budgeting • Over target is to sale 430,000 units and 20,000 units of our premium chocolates. • 180,000 units of 20g chocolates bar. • 150,000 units of 30g chocolates bar. • 100,000 units of 40g chocolates bar. • 20,000 units of 9g (premium chocolate). Our total investment is Rs. 30 million