Aussie Pies Inc Case

Executive Summary

Anna Amphlett and Andrew Ferris has decided to startup a new business in Seattle, U.S.A under the name of Aussie Pies Inc. after their visit to Australia; where they discovered the meat pies, the national snack food of Australia and interested in starting up a business in U.S to produce and sell similar meat pies,

The couple has decided to apply for a loan through a contact to establish a new business. Even though bank has tentatively agreed to provide the loan up to one million with 6% interest per year, still loan committee of the bank require business plan including complete set of projected financial statements for the first year of operations, including income statement, statement of cash flow and balance sheet.

Please see the detail of the company from below report,

The company

Anna Amphlett and Andrew Ferris have discovered the meat pies, the national snack food of Australia, during their visit to Sydney. They found Australian consumed vas number of meat pies during sporting events and other occasions and pies are served with ice-cold beer. They decided to explore the possibility of establishing a business in USA.

They have decided to locate the first outlet in Pike Place Market, a popular destination for tourist to Seattle in USA, particularly International travelers who curious about other cuisines and willing to try new foods.

They have decided to make the pies with high-quality, low fat due to most international travelers belong to the age group 30 to 50 and this group more conscious about their diet.

They have trade mark the name Aussi Pies when return to the U.S

Organization;

They agreed that Amphlett will be President and Chief Executive and Ferris will be Chief Operating Officer and both would be member of board of directors.

The Owners

Anna Amphlett;

Worked at Starbucks Coffee Corporation in Seattle, Washington as regional manager where she gained valuable retailing experience. She had...