Part I - CONSUMER ANALYSIS
§Needs:
-Convenience
-Taste
-Quality
-Affordability
-Feel good about what they are eating
-Friendly, fun, casual, relaxed atmosphere
§Demographics:
-Age: cardinal to fifty-five
-Income: Range from less than $15,000 to over $60,000
-Occupation: Range from full-time students on the job(p) part-time jobs to business professionals.
-Ethnicity:
Caucasian Non-Hispanic - 26%
Hispanic - 48%
African American - 18%
Other - 6%
-Location of Residents: College students not living at situation, students who take courses at night, people who work long hours, and families interested in powerful eating choices
§Psychographics:
-Health conscious
-Limited time for lunch and dinner
§Consumer Behavior:
-Eat meals outside their home several times a week
-Live active lifestyles
-People who are strain to maintain a more balanced diet
§Involvement level:
-Limited Involvement
-Prefer a healthy alternative to fast food
Part II - hit the books ANALYSIS
§Strengths:
-Low start-up cost with high potential revenues.
-Commitment to quality customer do with a comfortable, fun, and friendly atmosphere.
-Experienced management and staff.
-Offering variety of options for lunch and dinner.
§Weaknesses:
-Target commercialize centers around Miami-Dade area, which limitations potential customer base.
-Limited resources may restrict product opportunities, such as advertising and name recognition, when compared to giant competitors.
-The humankind of other note-quality, lower-price fast food competitors such as Burger mogul and McDonalds may limit growth.
-Lacks national awareness and distribution.
§Opportunities:
-Convenience is important to todays consumer out-of-pocket to fast paced lifestyle.
-Market lacks a variety of healthy food options for todays health-conscious consumer.
-New market, some competitors.
-Consumers are willing to spend more for purify quality, better tasting healthy food.
§Threats:
-Competition from existing restaurants.
-Slightly higher prices may limit access to mass markets.
-Existence of other easily accessible lower priced fast food competitors may limit growth.
Part III: BREAK-EVEN ANALYSIS
Electricity$350.00
Food$2,000.00
Rent$1,600.00
Equipment (3 yr...
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