Thursday, February 14, 2013

Aussie Pies d

TB0089
November 8, 2007

Graeme Rankine

Aussie Pies (D)
In early 2010, Honza Muska, Chief Financial Officer of Aussie Pies, Inc., looked everyplace the term bestow agreement he had just sign-language(a) with Sona Brabcova, head of commercial lending at Bank of the Statess regional headquarters in Seattle, Washington. It had been a touchwood negotiation, solely Brabcova had reluctantly increase the credit limit from $2 million to $3 million, provided Aussie Pies was willing to agree to additional loan covenants, as well as additional collateral to get the loan. Brabcova noted that the companys sales had increased considerably during the last few years, but that the company reported declining wage and higher debt. The company had made sales growth and increased brand awareness a top priority. Muska wondered whether the new loan agreement would permit the company to begin construction of quintet additional stores in 2010.

Company Background
In 2005, Anna Amphlett and Andrew Ferris established their root Aussie Pies retail outlet at thruway Street mart in Seattle, Washington. Aussie Pies produced, marketed, and distributed Aussie meat pies.

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The business began with a single store, but by 2009 there were 10 stores, and an agreement with Costco to supply saucy Aussie Pies at their locations throughout North America. A meat pie is a hand-sized pot pie made with pastry and filled with minced (ground) beef and gravy, which is consumed as a takeaway food snack in Australia (see divulge 1). Amphlett and Ferris discovered meat pies at an Australian Rules football naughty while on a vacation in Australia. They tack together that the average Australian consumed 45 meat pies per year, usually with some(prenominal) bottles of beer. The meat pie is about four inches in diameter and is traditionally eaten in the hands like a sandwich, with ketchup. The pie has a unmindful crust bottom and a flaky pastry top. Amphlett and Ferris selected Pike Street Market because it was a popular destination with vernal tourists,...If you want to get a full essay, order it on our website: Orderessay



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