Executive Summary This Jamba Juice business proposal aims to outline the strategies and analyze the market situation within Malaysia. This business plan will act as a blueprint for the direction in which the company wishes to take the Jamba Juice franchise in Malaysia. Included in this document will be Jamba Juices market strategies, projected expenses, goals, and also operational plans.
What is Jamba Juice? Established in 1990, San Luis Obispo, California, Jamba Juice serves healthy and nutritional beverages derived from natural ingredients such as nuts and fruits and vegetables. Jamba Juice Company is an American company that runs a chain of juice stores around the United States. The company operates within the restaurant industry, and has specialized in providing healthy, specialty beverage. These beverages include; fresh juice, smoothies, juice blends, yoghurt, tea and coffee. The stores also provide light foods such as sandwiches, oatmeal, mini-wraps, breakfast wraps, and bread. Jamba Juice operates on a franchise model. Taking this franchise to Malaysia, Jamba Juices plan is to start a branch in Mont Kiara
Vision Statement Establishing Jamba juice as the world leading source of healthy energy in the form of newly combined beverages with an unwavering commitment of making a difference through values
Business Goals Financial Goals Increase in financial stability in the first 10 years increase in market share over 10% in the next 10 years Increasing size of outlets and opening new branches in Malaysia Expanding the Jamba Juice franchise beyond Kuala Lumpur and neighboring areas, to the entire peninsula. Grow Jamba Juice into the largest healthy lifestyle franchise in Malaysia Increase share price Maximize profits
Social/Environmental Goals Bringing more awareness to the community towards a healthy lifestyle and diet Educating the Malaysian community on the benefits of healthy living Train young employees through mentoring with senior employees to buy into Jamba Juices healthy lifestyle motto.
Provide employees with counselling and advice, keeping them motivated to be a part of Jamba Juice Minimizing the environmental impacts caused by Jamba Juices stores and its neighboring areas. Satisfying customers who come in through our doors, and have them leave with a better feeling about themselves, since choosing Jamba Juice, they are choosing a healthier lifestyle Making Jamba Juice the brand of choice for a healthy beverage and snacks Giving back to the Malaysian community through community events, promotions programs, and other opportunities
SWOT
Strengths Significant financial resources Quality ingredients Consistent, quality product Serving specialty beverages that are healthy Opportunities Improving economic situation increasing awareness healthy living Unsaturated market for healthy foods Little competition from similar business selling specialty juices and smoothies.
Weakness Young employees unskilled employees Inexperienced employees Expensive startup investments Threats Possible new business providing similar specialty beverages within Jamba Juices operating area Increase in competition Competition from existing beverage businesses
Finance
Start Up Expenses:
Item Cost(MYR) Franchise fee 82,475 Store set-up(ventilation system, bathroom plumbing, etc.) 2,500 Internet and phone connection 400 per month Electricity 400 per month Interior design/ architectural plan 15,000 Employee wages 10,720 per month Accounting 1,000 per month Rental fee 1,000 per month Licensing fee 2,000 Legal work/lawyer 1,500 Marketing/Advertising and promotion fee 15,000 Insurance fee 3,000 per year Food handling Certificate 1,000 Equipment (cashier machines, blenders, refrigerator, etc.) 20,000 Uniforms 500 Furnishing 7,000 Stocks (Ingredients: fruits, vegetables; snacks) 2,000 per month
Marketing Analysis and Strategies
Market Analysis With Malaysias improving economic performance, there is an increase amount of indulgence products, such as snacks and drinks, coupled with an increasing number of the health conscious Malaysians in the population who find an importance in the health properties of food (especially juices), there is a strong potential market for Jamba Juice to enter. Malaysia has an increasing market for cafes and stores serving beverages, with big competitors such as Starbucks and Coffee Bean. Furthermore, there is a fairly untapped, niche market for specialty stores serving healthy, fresh, juices. The only major competitor in this niche market is Boost Juice, creating a huge potential for Jamba Juice enter and become the leading competitor in the target market. The target demographic within the market has been recognized as primarily teens to adult (15-30) from a middle to high financial income family who are health conscious. Jamba Juice targets loyal customers who would help create a strong customer base in Malaysia.
Market Strategies
Product Smoothies and juice blends made with high-quality, fresh ingredients. Breakfast drinks, and healthy snacks also served. Variety of products and choices. Healthy drinks that offer great nutritional benefits such as the essential vitamins and protein. Drinks served in a simple, practical, and appealing cup designs with the Jamba Juice spiral logo apparent
Price Jamba Juice aims to provide the most affordable price for its products using the highest quality of ingredients will attract target demographic. Beverages priced ranging from RM 7 - 13. Providing slightly lower prices will attract some customers from competitors. Promot ion Advertising done through billboards, magazines, social media, posters, and flyers handed out. Samples could be given out near the store to attract potential customers. Vouchers and discounts could be given to encourage the creation of a loyal customer base. Place/ Distribu tion Store located at Mont Kiara, an area of Kuala Lumpur with a high number of expats who could potentially be familiar with the brand, creating a group of regular customers who will insure sales. Flyers and coupons will be distributed in and around area areas to attract more customers.
Operational Plans Jamba Juice stores will receive deliveries of fruits, vegetables and all the other necessary ingredients, which will be then be used to produce a variety of different beverages. When a customer orders a drink, such as a smoothie with a selection of fruits, one of the employees at hand will take the order.
A number of juice blenders, and other necessary equipment will be accessible for employees so that customer orders made and served efficiently. To ensure that Jamba Juices products are of high quality, any ingredients will be inspected to ensure none have gone bad or are of low-quality.
Fresh Ingredients from suppliers sent to Jamba Juice store o Quality of ingredients inspected Ingredients are kept and maintained in required temperatures Customer orders a product Ingredients are taken out and a concoction is made following the recipes Product is served to customer
Human Resources
Jamba Juice plans on recruiting four employees. 3 team members and one manager. Employees will be paid accordingly to their positions: RM40 per hour for team members and RM 1000 a month for managers. Salary of managers will vary based on experience, while there is no experience required for team members. To get and maintain employees with the required skills and motivation, Jamba Juice will:
Post job ads on websites and social media Once employees are recruited, a 3 day training course will be required for all low-level employees to attend. This will help new employees learn the required skills knowledge for their position. Whenever a new system or technology is introduced, it will be done in a gradual process where senior employees are trained, and later will mentor the newer employees. Managers are expected to play a role in ensuring communication between and to employees on what the regular standard of performance is. Every 3 months, Team members will be evaluated by performance by the manager.
Comparative Evaluation of The Physicochemical and Sensorial Quality of Dragon Fruit Jams Made With Diferent Types of Citrus Juices As Acidulants - Turnitin Submission