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Create an empanada company

Definition of business

Definition of business

This business will be dedicated to the production and marketing of meat and chicken empanadas.

Product

The product that will be offered will be empanadas, they will be yellow corn empanadas, filled with meat or chicken ready to fry and packaged in bags.

Size

The most common weight is 70 gr.

Packing

The presentation that the empanadas will have will be a plastic bag, containing 10 units that will allow them to be preserved and refrigerated.

Market type

This product can be sold in educational centers, cafes, hotels, restaurants, factories, supermarkets, stores and end customers.

In Colombia, around 12.000.000 of daily empanadas.

With a daily growth of 37.74%

There are 4,559 restaurants
“Corrientazo”

According to FEDEPAN's estimate, in the 29 cities analyzed there are 18,681 bakeries.

Ranking:

Bogotá: 6.974
Cali: 2.165
Medellín: 1.535
Cartagena: 698
Barranquilla: 565

The market size would reach $4.3 billion by 2018.

PRICE

Sales prices range between $400-1$500 pesos depending on geographic location, the average in Colombia is $950.

SALES PLAN

The average daily sale is 2,500 units according to the area, with the Cauca Valley, Medellín, Barranquilla and Bogotá standing out as the main consumers.

Summary table

1 diary 1 monthly 1 yearly
Daily units 2500 50.000 600.000
Sale price $ 950 $ 950 $ 950
Total sales $ 2.375.000 $ 47.500.000 $ 570.000.000

INVESTMENT

OPERATIONAL STUDY

MACHINERY REQUIRED

  • EMPANADAS ASSEMBLY MACHINE
    Allows you to make empanadas 500 empanadas per hour. Flatten, laminate and shape.

In 5 hours he makes 2,500 empanadas.

  • MILL FOR CORN AND MEAT
    Allows you to crush corn and meat with a capacity of 300 Kilos per hour
  • MIXER OR Kneader
    Allows you to mix corn or meat products. He makes 24 kilos in an hour.
  • POTATO PEELER
    Allows you to wash and peel a bag of potatoes in just 8 minutes
  • Fryer

Food frying machine. It has a capacity of making 20 empanadas per minute.

  • ACCESORIOS
    Access required for the production process. Among others: stoves, pots, tables, ladles, etc.

APPROXIMATE VALUE OF THE INVESTMENT IN MACHINERY
35.000.000

Production Costs: Formulation for 2500 units

Corn Lump 1 $ 60.000
Potato Lumps 4 $ 160.000
Meat Kilo 21 $ 120.000
TOTAL $ 340.000
Unit Cost $136

DIRECT LABOR COST (INCLUDES THE VALUE OF 2 OPERATORS REQUIRED FOR THE ENTIRE PRODUCTION PROCESS FROM THE START TO THE PACKAGING OF THE PRODUCT

Labor day 2 $ 873.300
Labor per unit 1 $35

INDIRECT MANUFACTURING COSTS: ESTABLISHED AS THOSE COSTS THAT ARE DIFFICULT TO QUANTIFY PER EMPADA, SUCH AS SAUCES, OIL, CONDIMENTS, NAPKINS, AMONG OTHERS, FOR THIS CASE THE SUM OF $10 PESOS PER UNIT IS TAKEN

UNIT COST SUMMARY

Concept Unitary Diary Monthly Annual
Units 1 2500 50.000 600.000
Raw Material Cost $ 136 $ 340.000 $ 6.800.000 $ 81.600.000
Labor Cost $ 35 $ 87.500 $ 1.750.000 $ 21.000.000
Indirect Costs $ 10 $ 25.000 $ 500.000 $ 6.000.000
Admon Costs $ 18 $ 45.000 $ 900.000 $ 10.800.000
Owner Cost $50 $ 125.000 $ 2.500.000 $ 30.000.000
Total Empanada Cost $ 249 $ 622.500 $ 12.450.000 $ 149.400.000

ORGANIZATIONAL STUDY

Owner

Responsible for defining the business strategy and financial management. For the purposes of this exercise, it is estimated that the owner earns the sum of $50 pesos for each unit sold.

2 WORKERS

In charge of product development. From start to packaging.

COMMERCIAL

In charge of developing the company's sales.

ADMINISTRATOR

Responsible for supervising the production process, the commercial and administrative area.

PRICE OF LABOR INCLUDING SOCIAL BENEFITS

AMOUNT SALARY PROVIDED Total
Owner 1 $ 2.500.000 $ 2.500.000
Operators 2 $ 1.047.970 $ 2.095.940
Comercial 1 $ 1.047.970 $ 1.047.970
Administrator 1 $ 1.047.970 $ 1.047.970

Leases

An average area of ​​36 m2 is required.

Public services: Water, electricity, gas, telephone and internet included.

Concept Monthly Annual
Lease $ 600.000 $ 7.200.000
Public Services $ 345.000 $ 4.140.000
Total Fixed Costs $ 945.000 $ 11.340.000
Cost per Empanada $ 19
*These prices are estimates for central Colombia

FINANCIAL STUDY

Generalities

INITIAL INVESTMENT: $35,000,000 SALES BUDGET:

1 diary 1 monthly 1 yearly
Daily units 2500 50.000 600.000
Sale price $950 $950 $950
Total sales $2.375.000 $47.500.000 $570.000.000

COSTS

UNITARY Diary Monthly Annual
$ 249 $ 622.500 $ 12.450.000 $ 149.400.000

COMPREHENSIVE INCOME STATEMENT

Concept Unit Value Diary Monthly Annual
Sales $ 950 $ 2.375.000 $ 47.500.000 $ 570.000.000
Costs $ 249 $ 622.500 $ 12.450.000 $ 149.400.000
Gross profit $ 701 $ 1.752.000 $ 35.050.000 $ 420.600.000
Taxes (34% Income and Cree) $ 332 $ 830.000 $ 16.600.000 $ 199.200.00
net profit $ 369 $ 922.500 $ 18.450.000 $ 221.400.000

IT IS FINANCIAL

INVESTMENT RECOVERY TIME 3 Months

ANNEX: COMPARATIVE

Empanadas VS Pandebono of 70 grs

Concept Empanadas Pandebono
Sale price $ 700 $ 700
Production cost $ 249 $ 483
Net Profit $ 451 $ 217
500 units $ 225.000 $ 108.500

Note: Each Empanada offers a profitability of more than 100%

INVESTMENT EXAMPLES

Taxi Case:

Taxi vs Empanada Factory, assumption of 2500 units per day according to the national average

Concept Taxi Empanada Factory
Initial Investment $ 140.000.000 $ 35.000.000
Daily sales $ 120.000 $ 2.375.000
Daily Net Profit $ 72.000 $ 1.752.000

Conclusions

  • 4 times less investment
  • 24 times more profitability
  • 10 times less risk

One thought on “Crear una empresa de empanadas

  1. Alfredo Piedrahita Garcia says:

    Buenas tardes, deseo me de información sobre una idea de negocio que tengo para preparar comida rápida de manera semi o automatizada.
    Estimo un volumen de ventas inicial de unas 1000 empanadas en diferentes presentaciones de sabor y/o textura.
    Es posible procesar otro tipo de masas como «marranitas», buñuelos, etc?
    Esta opción es en una máquina diferente o se ajusta al producto?
    Tienen algún vídeo que pueda ayudar en la visualización del negocio?
    Tienen envíos al exterior?
    Agradezco de antemano la atención prestada

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