Bottle Grounds-4ps, SWOT, Market Segmentation
Bottle Grounds-4ps, SWOT, Market Segmentation
Bottle Grounds-4ps, SWOT, Market Segmentation
Industry Analysis
In contrast to other restaurants, this section will highlight the target market that the
business's owners have chosen, their demographics, and the reasons that these
customers are most likely to choose Bottle Grounds Resto Bar for dining and
drinking.
Competition Analysis
Direct
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Indirect
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Marketing Analysis
Every organization, both those that are already in operation and those that are
planning, views marketing analysis as a crucial step in the process of growing their
enterprise. This step of their planning will have an impact on how they will
announce to potential clients that a freshly launched firm is prepared to serve them
and the things they will offer. Bottle Grounds Resto Bar will sell its products and
services via social media sites, websites for online shopping that offer coupons and
offers, and a point system run by the restaurant. By doing so, it could adapt and
reach a larger market than merely local marketing. The restaurant's marketing
campaigns will be compared to those of other businesses in three sections of the
marketing study, which will also explain how the company will identify and secure
its target market and what kinds of promotions it will give to customers.
Marketing Plan
The information and analysis needed for the business plan's marketing plan
segment will be provided in this chapter. The 4Ps of marketing mix are included,
with the SWOT analysis (strengths, weaknesses, opportunities, and threats)
modified for each area. The market segmentation, in which the target market is
precisely established, is also covered in this chapter, as are the marketing sales
promotion strategies or instruments that the restaurant will employ in the months
of January, February, March, and April.
SWOT Analysis/ Marketing Mix
The price, place, product, and promotion are the four components of the
restaurant's marketing mix, and their strengths, weaknesses, opportunities, and
threats are displayed and discussed in the following table. At least five of the 4Ps'
strengths, weaknesses, opportunities, and threats that might have an impact on each
category have been identified. By analyzing this data, the restaurant may better
plan and prepare for its opening and develop strategies or ideas for how to enhance
more of its offerings. This will reduce any difficulties, risks, and dangers that
might arise once the business has begun operating.
When our
price is set
and our
suppliers'
ingredient
costs are
reduced, we
can make
more
money.
Seasons can
influence
prices,
particularly
at peak
times.
THREATS Disruptive Ornery When it Other
new visitor or comes to ala businesses can
competitors guest who carte, adopt the
or vendors disposes of competitors' restaurant's
launching their trash pricing is promotion
novel items carelessly more method and
the spread of and could affordable. create their
viruses, make the own.
either new or region when the
old, like smell. prices of the Negative
salmonella, suppliers' reviews from
which can Strong ingredients previous
cause competitor have customers who
frighten our s already in increased. have had poor
customers place that service at our
while they provide air economic restaurant will
eat. conditionin hardship have an impact
g during and on the
competitors the unfavorable reputation of the
with home summer. changes in business.
delivery the sector.
services. Competitors
Rent and who will exploit
The weather utilities our deficiencies
might costs are to market their
fluctuate, rising. own goods and
especially services.
during
typhoons, new tactics used
which can by rival
have an competitors.
impact on
suppliers
who supply
our
ingredients.
competitors
who already
exist
releasing
new or
superior
items or
leveraging
us to
enhance
ours.
Market Segmentation
We will be able to fully identify our target market with the aid of the analysis of
market segmentation. This section breaks the idea down into four parts: the
identification of the target market's geographic, demographic, psychographic, and
behavioral characteristics. Knowing these facts will enable us to develop more
effective techniques for grabbing their attention and enticing them to try our
intriguing and wonderful goods and services. Since your target market will now be
your customers, you can reach a larger potential market outside of your market
segmentation, which will open up new chances for your restaurant. When clients'
location affects their purchasing choice, geographic market segmentation enables
us to effectively separate our target market based on their region.
Financial Analysis
The financial analysis is the last chapter of the Bottle Grounds Resto Bar business
plan. Assessing the potential performance and suitability of the restaurant's
operation in terms of the budget, money, investments, revenues, profits, and the
like is what this procedure entails. Financial analysis is frequently performed to
ascertain how well a company is stable, solvent, liquid, or lucrative enough to
merit a financial investment. It is also frequently performed to ascertain the flow of
the financial estimates in order to gain a better understanding of the realistic
insights on the funds once the restaurant operation has started. The funding source,
seat turnover sales, and sales estimate are therefore detailed below together with
their prognosis for the entire year 2022.
Restaurant Name: Bottle Grounds
Location: 1000 Real St. Intramuros, Manila City, Philippines
Target Market: Corporate Office, Government, and College Students
Seating Capacity: 60
Average Check: PHP 300. 00
Operating Hours: 5:00 PM to 3:00AM (Daily)
Fund Source
The owners of the restaurant—Mr. Mark Xiarwille, Mr. Arturo Miguel Quintos,
Mr. Joseph Marlon Liwag, and Ms. Glydel Luciano—will provide the funding
after cooperating to make the business concept a reality. The concept, theme,
design, and the goods and services they will provide have all been designed.
Therefore, they have chosen to make an agreement to split equally while
discussing the capital investment needed for the start-up costs of building the
restaurant. They decided on a 25% distribution proportion, giving each person a
fair share of PHP 500,000.00.
Sales Forecast
The goal of sales forecasting is to foresee future restaurant sales by estimating the
volume of goods and services that will be sold on a monthly and annual basis. The
simplest way to comprehend the idea of a sales forecast is to know that it is an
estimation of how a market will respond to a company's marketing initiatives. The
forecasts listed below are predictions for the year 2022; they include the projected
monthly sales, which are derived from the number of days in each month and the
daily average sales, the projected seating capacity and turnover, which will aid in
determining the projected monthly guest count, and the projected daily average
guest count and daily average check. The restaurant's bottom line will benefit from
the sales forecasting. It is for employment and financial capacity planning. As a
result, it can facilitate future decision-making, align sales quotas with revenue
targets, and enable a sales staff to focus on high-profit and high-revenue sales. The
totals for the year's sales, days, and guests will be shown in the table's final section.
The year is 2022.