2007.02.20 EDA Packet - Laserfiche WebLink

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BUSINESS PROPOSAL FOR TASTY ASIA RESTAURANTS 1 — EXECUTIVE SUMMARY Tasty Asia Restaurant is an expansion of our current restaurant Tasty Asia Take-Out in Wyoming, MN. We've had a successful 2 '/ years in Wyoming and feel that we have saturated the market in this area. The next logical step for us is to take Tasty Asia to a new location. We feel we have the tools, the knowledge and the recipe for success to duplicate Tasty Asia in Hugo, MN. We are confident with our abilities, work ethic and passion about Tasty Asia that we have developed a 3 phase 5 year expansion plan. Phase I will be to expand Tasty Asia in Hugo 2007. Phase II & III will be to open restaurants in affluent, growing communities with a need for Tasty Asia's products and services in 2009 and 2011. We research each city, before opening our restaurant to insure adequate demographic for and business / residential mix to insure a long term growth. Fresh good tasting, high quality Asian food along with superior customer service is what Tasty Asia is extensively known for. 2 — THE MARKET Tasty Asia Restaurant is perfectly located at the busy intersection of Highway 61 and 140th Street in Hugo, MN. This site is located in the building next to the Kidz Place Daycare Center. The market will be divided into three categories: 1.13usinesses 2.Families 3.Highway Traffic. We foresee lunch to be busy due to the existing businesses within a mile from the proposed site. There are many local businesses within the vicinity of the restaurant and as far as White Bear Lake, Forest Lake and Centerville. The dinner crowd will comprise of families-from all of the single-family houses and town-homes in the area. We feel we will also benefit from the families whose children are attending the daycare center and Highway traffic which will also bring in business due to the restaurant being located on the corner with maximum exposure from location signage. Confidential Page- 2 - 2/16/200'