- Country: USA
- Industry: Food, Beverages, Tabacco
- Stage: Start-up
- Investment size: $150,000 / min. $10,000
Lula B’s Mobile BBQ, LLC will initially offer (1) Mobile quick serve truck for its’ customers. The success of Lula B’s Mobile BBQ, LLC will be achieved by serving great food, providing friendly service and employing an aggressive marketing plan to build customer traffic. Today’s market requires more than just good food and service to make it
Lula B’s Mobile BBQ, LLC is in the “Restaurant and Food Service” industry. This company is a logical offspring of the company/product Lula B’s Sauces
Restaurant industry sales are expected to reach a record $604 billion and post positive growth in 2011 after a three-year period of negative real sales growth, according to National Restaurant Association research released today. The Association’s 2011 Restaurant Industry Forecast projects an industry sales increase of 3.6 percent over 2010 sales, which equals 1.1 percent in real (inflation-adjusted) terms.
The nation’s 960,000 restaurants will continue to be strong contributors to the recovery of the nation’s economy, with industry sales representing 4 percent of the U.S. gross domestic product and employees comprising nearly 10 percent of the U.S. workforce. Its total economic impact exceeds $1.7 trillion, as every dollar spent in restaurants generates $2.05 spent in the overall economy. Restaurants are the nation’s second-largest private sector employer with 12.8 million employees.
“As the national economy is slowly improving, the restaurant industry is climbing out of its most challenging period in decades to post positive real sales growth in 2011,” said Hudson Riehle, senior vice president of the Research and Knowledge Group for the National Restaurant Association. “As in 2010, restaurant industry job growth is expected to outpace the national economy this year, emphasizing the importance of industry to the nation’s economy.”
“The U.S. restaurant industry is an economic juggernaut whose annual sales are larger than 90 percent of the world’s economies – if it were a country, it would rank as the 18th largest economy in the world. While pockets of challenges remain, we are looking forward to a brighter future in 2011,” he added.
Business plan is available for download by investors on Merar.
Our “BIG” advantage for Lula B’s Mobile BBQ is its direct and exclusive association with Lula B’s Mango Peach Sauce. Lula B’s Mobile BBQ plans on using that name recognition of its sister company’s product to steer customers to it’s’ establishments. In addition,Lula B’s Mobile BBQ will always serve hot food, post signs on all our advertising that our foods will be cooked fresh daily, and many items will only be prepared when the customer places an order.
Rationale for the deal
Lula B’s Mobile BBQ needs to acquire the funds that not only purchase a Truck all the equipment from BBQ Pits to fryers, but also funding is required for every phase of opening a new business,- including but not limited to employee insurance. Adequate funding will need to include available cash for the truck for at least the first year so they are not only dependent on the first year sales.
Use of financing
The required capital for this business is $150,000 (One hundred Fifty thousand dollars). This amout is needed to purchase and customize mobile bbq truck, equipment, product, supplies, staffing/training, marketing and advertising. This amount of funding will ensure that the company starts off on a strong foot and keep the steady growth projected to implement the expected expansion of several quickserves. In this light, this influx of capital will also guarantee increased revenue that would allow repayment of the loan within a short period of time.
Looking for similar investment opportunities