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Business Analysis: Sonny's Barbeque Restaurant

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In the restaurant industry, knowing how to strategize is something a successful business must have. Part of that strategy is recognizing the best location to begin your restaurant based on a few variables. Throughout many North Florida, many towns and cities are home to southern barbeque restaurants, as they are a staple in southern culture. In Melrose, a decently populated town that exists on a major highway, a barbeque restaurant is absent. This lack of a barbeque styled restaurant may be costing Sonny’s BBQ potential profit. We believe by opening a Sonny’s franchise in Melrose, Florida, Sonny’s may be able to significantly benefit from the void of the BBQ industry in this area. This idea may seem like an obvious must, but before making …show more content…

After determining the option that will best meet our needs, two potential locations have appeared that pass our standards. Both of these properties happen to be located across the street from each other, which is close to the middle of town, so both locations will receive the same amount of traffic and view. The first option, a former coffee shop (854 SR 21), is a small 995 square foot building that is made to best suit bars (Blake, 2013). The second option, an operating pizza shop (319 Wynnwood Ave), is an established restaurant location up for sell (Blake, 2013). This 4444 square foot, two story building already containing a kitchen that meets health regulations, including a walk-in cooler. For the purposes of opening a Sonny’s BBQ, the larger of the two will be needed to operate at maximum capacity. Though the coffee shop costs 250,000 dollars compared to the 400,000 pizza shop, the extra area and already established kitchen will advance abilities to make a profit …show more content…

The demographics of Melrose represent an ideal spot for a Sonny’s BBQ. Melrose is made up of rural people that BBQ is the stereotypical target of. This is even better for our company because typically you see that rural people appreciate quality southern BBQ more than urban people do. The closest big city to Melrose would be Gainesville, FL which is only 20-minute drive away. According to City-Data.com, In Gainesville, there are close to 128,000 people with an average income of about 31,000 dollars a year (Gainesville, Florida, 2008). While zipcode.org reports that only about 6,000 people live in Melrose, the average income per household is approximately $37,000(City of Melrose, FL Zip Codes, n.d.). The website also states that a large portion of the population of Melrose consists of people in their late 40’s and early 50’s. People in this age range are usually seen to be the largest partakers of southern BBQ, establishing an initial consumer base. The numbers look promising enough for the potential restaurant, it is possible that the majority of customers will come from close towns or from travelers, since it will be right off a state road. Though the population of Melrose will not be where the majority of this restaurants traffic will come from, compared to Gainesville the income average appears stable. One potential threat to our restaurant could come from crime as bestplaces.net shows (Crime,

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