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Group 1 Frozen Fish
Group 1 Frozen Fish
Group 1 Frozen Fish
Executive Summary
Cistus and Daniella Morgan have been very relevant in the food industry for decades.
Both opened their first restaurant in New York City in 1996 and their second in Ontario
Canada in 2005. They have been praised for the quality of many of the items on their
menu and they have attained a special notoriety for their desserts.
After years of request for their flavoured whipped cream toppings, they have decided to
start marketing these products separately from the restaurants. They have also
developed several recipes for flavoured whipped cream topping. This unique couple has
developed wonders like chocolate, raspberry, cinnamon almond, and strawberry.
These flavoured dessert toppings have been used in the setting of their two restaurants
over the past 10 to 15 years, and have been produced in large quantities for their
unique customers. The estimated shelf life of the product is 21 days at refrigeration
temperatures and up to six months when frozen.
We at CJ’s Frozen Fish, Inc. plan to market the product in the frozen state in 8 and 12-
ounce plastic tubs. We also plan to have the products available in six ounce
pressurized cans. We believe that special attention has been given to developing an
attractive label that will stress the freezing nature of our products. We believe that the
distribution of our unique product will start in the local south-eastern Oklahoma area.
We at CJ’s Frozen Fish, Inc. believe that our business has an established name and
reputation in this area, and product introduction should encounter little resistance.
Adequate research and projections show that the company will have both a positive
cash flow and profit in the first year.
The mission of CJ’s Frozen Fish, Inc. is to provide the residents and visitors
of Philippines with an upscale store that offers frozen fish and flavoured
whipped cream topping delicatessen specializing in a combination of quality,
authentic, hard to find, grocery items from around the world.
Our vision at CJ’s Frozen Fish, Inc. is to offer customers the best product
prices on the highest quality frozen fish.
Frozen Catfish
Frozen Bangus
Frozen Tilapia
Frozen Tuna
Yellowfin Tuna
Frozen Mudfish
Snapper
CJ’s Frozen Fish, Inc., a player positioned in both markets, the professional market is
highly competive and margins are small, while the end consumer’s market is very
dynamic and has a high growth rate and higher margins. Our positioning in the end
consumer market, with ready meals, therefore makes more sense. Until very recently,
products manufactured in Philippines did not include meal substitution. It consisted of
meat or fish that had to be included in a home-prepared meal. This year, one new actor
launched frozen bangus . there is indeed a positive trend towards a rise in demand for
semi-finished and finished products, as well as high added value frozen goods. CJ’s
Frozen Fish, Inc. Which is a brand created in 2020 and currently well recognized,
believes that “frozen fish are clearly not meal substitutions in Philippines households but
they are called to become so in the near future. “Talking with people working in the food
sector in Philippines has also clearly confirmed that the frozen fish sector, in general,
and the substitution meals in particular are very promising. Target market size the
frozen fish market is located in Philipines more especial.
The mission of CJ’s Frozen Food, Inc. is to provide the residents and visitors of
Philippines with an upscale store that offers frozen fish and flavored whipped
cream topping delicatessen specializing in a combination of quality, authentic,
hard to find, grocery items from around the world.
General Manager
Head of operations
Nutritionist
Accountants/Cashiers
Waiters/Waitress
Drivers/Distributors
Security Officers
Cleaners
His in charge of overseeing all other executives and staff within the
organization.
Collaborate with the board of directors to develop the policies and direction of
the organization.
He makes sure that the members of the Board of Directors have the
information necessary to perform their fiduciary duties and other governance
responsibilities.
Head of operations
Makes sure that the restaurant facility is in very good shape and conducive
enough for customers
Nutritional Consultant
Accountants/Cashiers
Take care of all financial transactions for CJ’s Frozen Fish, Inc.
Make sure that unoccupied tables are always set and ready for customers
Drivers/Distributors
Cleaners
Makes sure the toiletries and supplies don’t run out of stock
Makes sure that both the interior and exterior of the business facility are
always clean
Security Officers
The CJ’s Frozen Food, Inc. Is a comportable, and designed to make our customer’s
feel as if they are enjoying VIP services in a world all to themselves. The decor and
theme is centered around the custom made “Fire Fountain”, a unique show kitchen
grill that has a cascading water fountain combined with flame throwing torches on
the dining room side, and a big refregarator on the kitchen side. The energy and
atmosphere of the room is high and draws some of its power from the dazzling “Fire
Fountain”
Our customer policy is simple: All customers must leave happy about our service
and food. We are CJ’s Frozen Fish, Inc., we do offer market of our frozen fish on
Friday, Saturday and Sunday at 8:00am up to 5:00 pm.
Transportation
The transportation of CJ’s Frozen Fish, Inc. is transported widely in ships and by
land and air much fish is traded international or local it is traded live, frozen, fresh,
cured and canned. The most challenging aspect of fish transportation by sea or by
road is the maintenance of the cold chain, for fresh chilled and frozen products and
the optimization of the packing and storage density, maintaining the cold chain
requires the use of insulated containers or transport vehicles and adequate
quantities of colorants or mechanical refrigerator. And the air transport needs
special care in preparation and handling and careful scheduling most airlines prefer
fish that is packed in dry ice or gel and not packed in ice, frozen fish needs special
care.
Business Structure
General Manager
Head of
Operations
Admin and
Personnel
Manager
After our extensive research in the industry, it was noted that our business location might serve as a
weakness to us. It went further to acknowledge that the district we have chosen in Oklahoma is the
Centre hub of the city and will be filled with businesses trying to offer most of the services we offer.
Geographic Area
We at ColdFoods Inc. believe that Location is critical to success. This is why our
store needs to be on Main Street or just off Main Street so we can take advantage
of walk-by and drive-by traffic. Our management also noted that we also need
adequate parking to make shopping at our store convenient for drivers.
Market Description
The frozen fish market is estimated to account for about USD 244.3 million in
2022 and is projected to reach a value of about USD 312.3 million by 2024, at a CAGR
of 5.0%. Developments in the retail landscape rising demand for convenience food, and
technological advancements in the cold chain market are the major driving factors for
the market. On the other hand, the rising preference for fresh and natural frozen food
products is a restraining factor for the frozen fish market.
Target Customers
CJ’s Frozen Fish, Inc. Target customers who has an interest to frozen fish. It
could be male, female, children, young teens, and adults. The product in intended
for everyone. Anyone could buy our products anytime, especially when they are
craving for fresh frozen fish with affordable prizes that could disseminate our
business.
Without further waste of time and resources, our main target markets are:
People who live and work in Philippines, who are looking for quality
ingredients needed to prepare their favorite international cuisine.
Surrounding businesses looking for a tasty meal for their customers and staff.
International and domestic travellers visiting Philippines.
Families looking for quality, affordable, home cooked meals to take home
and prepare for their families with ease.
People looking for a comfortable environment in which to enjoy a cup of
coffee, read a book, or just shop.
People looking for high quality, unique gifts and kitchen supplies.
Each market segment consists of people who either live, work, or vacation in
the Philippines. Each market will be seeking an establishment that will meet
their desire for authentic, healthy food, quality service, and a pleasant
atmosphere
Market Definition
Market Opportunities
The world has gotten to the point where every Dick and Harry wants healthy
foods such as fruits, vegetables, meat, chicken, turkey, fish, candy etc. -to remain
healthy. They also want to save time and stress and get their frozen foods instead
of cooking or butchering them. All this are opportunities which our SWOT Analysis
noted are available to us. We have been made to understand that changing lifestyle
is expected to help the industry demand. Our products include fruit, vegetables, fish
& seafood, potatoes, a variety of meat products, soups, ready meal products and
others. Other products commonly include bakery related items. It is relevant to note
that Frozen ready meal emerged as the leading product segment and accounted for
over 30% of the total market in 2015.
Indeed frozen ready meals products are expected to witness significant growth
owing to their increased popularity on account of hygiene and timely preparation.
Also, the rising population of women workforce is expected to be a key element that
would assist growth in future years and also provide a boom the industry.
We also believe that frozen potatoes are expected to exhibit the fastest growth at
an estimated CAGR of 4.7% from 2016 to 2024. We all know that these have a high
nutritional value and are also delicious in nature. Also, potatoes are mostly gluten
free and are considered a carbohydrate source in a balanced diet.
We all know that the global frozen food market is highly fragmented that involves
both multinational corporations and domestic companies, and in recent years
manufacturers have chosen new freezing technologies to preserve the nutritional
content and also reduce any material loss in the industry.
We at CJ’s Frozen Foods Inc. understand that managing a business is not an easy task
which is why we had to contract a well know consultancy firm to aid us with our SWOT
Analysis. This firm was employed to extensively go through our business concept and
critically examine the prospect and the success of our company.
They did a good job and we believe that the results they actualized was after
thorough research. Below is the summary of the SWOT Analysis done for CJ’s
Frozen Fish, Inc.
Customer incentives
It was agreed that CJ’s Frozen Fish, Inc., will pay Fidelity Communications
$60,000 to determine the needs of the surrounding population and the best way we
at CJ’s Frozen Fish, Inc. can meet those needs with promotions, literature and other
marketing programs.
Fidelity Communications and our sales team will work together to inform
customers of new products, to encourage an image of community involvement for
CJ’s Frozen Fish, Inc., and to limit environmental impact
Advertising CJ’s Frozen Fish, Inc is key to creating a good distribution for your
business. Print, radio and television advertisements help attract new customers to your
business. These individuals might see one of your ads in the newspaper and decide to
give your restaurant a visit. Serving delicious, quality food prompts these customers to
return, and there's a chance that they'll return with friends or recommend your
establishment In the digital age, taking advantage of the Internet and social media
increases awareness and encourage to buy the frozen fish products. Create a website
for CJ’s Frozen Fish, Inc that features frozen fish , nutritional information and specials
or promotions. Invite investors to join us
We at frozen fish products , intend to market our entire products in its frozen state in
8 and 12-ounce plastic tubs. We also intend to have the products available in six ounce
pressurized cans. We at CJ’s Frozen Fish, Inc. currently provide numerous seafood
products to restaurants
Commission
V. Operations
Premises
Choice of Location and Premises
Hours of operation
Equipment
Staffing
Funds required and timing
Funding options