The remaining money will be used in opening the first Nevada store in Las Vegas. There are many competing, well-established fast food outlets in the area; however, none of them are currently providing a similar product. relies on customer volume with no identifiable major customers.
The Miller's equity contribution will be $15,000 in cash. However, the customers can be categorized as: Pasta Now!
The equipment necessary for the operation of Pasta Now!
will be purchased from any of the several restaurant supply companies located in the area.
Additionally, the Millers have $60,000 of equity in their residence. of Las Vegas will have the right to sell stores throughout Nevada. of Las Vegas has the exclusive right to operate and sell franchises in Nevada. chain was established in 1987 with the opening of the original Pasta Now! Recent growth has been in the Cleveland metro area, where there are currently eight stores in operation. has recently signed a master franchise agreement to open ten additional stores in the state of Michigan in the next five years. is structured to operate in strip mall-type locations.
As these additional franchises are sold, Pasta Now! Monthly royalties from each of these Nevada stores will be 3% of gross. of Las Vegas is being structured to operate franchises of the national chain Pasta Now! Ownership of the business is in the form of a Nevada corporation with 51% of the stock owned by Roland Miller and the remaining 49% owned by Sheila Miller. Miller have been educated in the Total Quality Management concept used by many of today's successful major corporations. is a fast food pasta chain that focuses on the drawing power of an Italian restaurant that meets the needs of people on the go who still want a healthy product at reasonable prices. also offers individual pizzas, a line of Italian sandwiches and a selection of salads. The corporate headquarters provides detailed site selection assistance, including lease negotiations. is designed to function in a 1500 to 2000 square-foot store.Adults over 50 dine out an average of 2.4 times per week. All indications from national publications consulted agree that healthy food which is reasonably priced will continue its popularity well into the next century. Indications are that dining out will actually increase over the next five to seven years. This has spawned a trend toward restaurants featuring food from Europe and Asia.Recent trends indicate that adults age 50 are dining out less often, but they are more attracted to restaurants that offer food to be eaten at home. An American original, the diner, spread across the country and soon evolved into chain restaurants operated by local and regional corporations.This is the last market with wide open potential for growth.Traditionally, pasta has been consumed in fine restaurants, usually in a more formal or sit-down atmosphere at high prices.The national trend toward eating out has increased over the last 5 years.In 1993, the amount of money spent on eating out was equal to what was spent for consumption inside the home.The franchiser often supplies assistance, ranging from financing to hiring and training staff This plan details a fastfood franchise that specializes in quick and healthy pasta dishes.The market demand has never been greater for food that is healthy, economically priced, and great tasting.According to American Demographics Magazine, baby boomers and their families eat out an average four times per week.Since Las Vegas is such a busy area, there are a large number of tourists and state employees who are looking for a place to take lunch.