Executive Summary:
A hypothetical fast food outlet set up by 3 entrepreneurs. As the name suggests, the joint will cater to the ‘quick bite’ / fast-food needs of today’s consumers – predominantly wraps/rolls. Strategically located on BEL road in Bangalore, the company plans to open at least 10 more outlets in the city over the next 2 years through the franchise route.
The restaurant is currently in operations from a year and getting a very good response mainly from the youth of surrounding area as its strategically located near schools and colleges.
Target Group:
Targeting the upwardly mobile consumers, the outlet will cater to the huge number needs of students and corporate in the vicinity. As the youth as well as the corporate
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Marketing strategy
FY 2012 / 13
The company plans to invest INR 75,000 for the current year.
The company is looking at investing only in BTL activities for catchment based targeted marketing.
Digital media marketing, especially Facebook marketing shall also play a key role in the communication strategy.
The spends shall be divided in the following manner:-
BTL
Street bannering 18000
Fliers 10000
Cable TV scroll 25000 DIGITAL
SMS blast 2000
Facebook Marketing 15,000 MISC
Design charges and other marketing expenses 5000 TOTAL 75,000
FY 2013 / 14
Keeping in mind the expansion of the store network, the company will invest a total of INR 150,000 in the FY 2013/14.
ATL activities such as classified ads in the Newspaper will help in reaching out to a wider base of audience.
Targeted BTL activities for the catchment will continue to ensure constant Top-of-mind recall.
The spends will be divided as follows
ATL
Newspaper Classifieds 75,000 BTL
Street bannering 18000
Fliers (menu card distribution) 10000
Cable TV scroll 25000 DIGITAL
SMS blast 2000
Facebook Marketing 15,000 MISC
Design charges and other mkt expenses 5000 TOTAL 150,000
FY 2014/15
The company plans to invest a total of INR 200,000 in the FY 2014/15.
The additional spends shall be
I will continue to offer the hot and cold beverages and add healthy and organic breakfast and lunch with homemade pastry at a reasonable price. I also will target all of the university students and staffs by offering them a discount with a reward card. Also I will hand out flyers to all nearby businesses in the area and advertise in the local newspaper biweekly. Moreover, I will extend my business to cater for all events such as: gaming tournaments, art show, Special events and more. If you are a loyalty customer you will receive additional discount on all catering. Since this is a newly develop area any new business open in the area will received free lunch for a day for employees and staff.
The strengths of the business would be having knowledgeable, trained, educated, and experienced staff. Lavish décor and great food and prices will add to those strengths. Location that is easily accessible and close to home for most of the guest. The restaurant would offer discounts to the college students and the travelers that are passing through, having a good reputation will be a strength and help build clientele. According to the data there is no other restaurant in the area with the same concept. The weaknesses of the business would be targeting multiple segments and trying to satisfy all of their wants and needs. Another weakness would be trying to keep the restaurant as trendy as possible but would be difficult with the changes in trends, what’s hot today may not be the next. The area is not completely in need of the type of restaurant and lounge in mind, therefore getting people to be open to and supportive of the idea is a concern. Poor reputation among customers by not giving a good first impression or not meeting their expectations would be a weakness for the company. Other weaknesses may include high costs, lack of access to key natural resources and distributors. The opportunity is that because of the current recession it would be the optimum time to open a business that would create jobs. Restaurant space can be negotiable and very
The purpose of the project is doubling revenue by 2020 and developing the company into higher profits. The company’s plans are detailed; first, utilize social media for promotion and attraction of the global market on a consistent basis. The company is represented on four internet mediums: Facebook, Instagram, official blogs, and its e-store (called Direct to Customers) to connect customers with products easier. The company offers not only information about new products but also events and news to keep in touch with the customers. Second, expand and improve its range of products and offer high quality and inventive service to the customers. The final phase of the plan is distribution across all possible
The franchiser can attain rapid growth for the chain by sign- ing up many franchisees in many different locations.
The first choice of business is the franchise. In a franchise, legal binding agreement is entered into between two firms, the franchisor (the product or service owner) and the franchisee (the firm to market the product or service in a particular location). The franchisee pays a certain sum of money for the right to market this product” (Rubin, 1978, p.224). The franchising is more prevalent in the restaurant industry (Hoffman & Preble, 2003). The two distinct features of this business type include; first, in order to notable service components should
Social media marketing is relatively new to the ?integrated marketing communications systems of several public and private businesses.? (Mercadal, 2013, para. 2) Social media is used by almost sixty-six percent of American adults. (Lanham, 2016) Integrated marketing communications try to connect companies and other organizations with their target audience. (Mercadal, 2013) Therefore, social media marketing strategically looks at demographics of the audiences in each social media platform and use the platforms that match the audience who would be interested in products or services sold. (Smith,
heir focused target customers spends more time online than with traditional media channels due to the fact the young adults grown up with the online channels. Social Networks, web sites, and media channels are could be the main communication area. Additionally, social media sites, such as Facebook, Twitter, and Google+, allow them to engage with customers, also using media streaming channels could be an effective advertising method.
Because of a recent economic downturn, there may be an opportunity to negotiate new lease opportunities at even better rates. Also,franchising the Sandwich Blitz shops seems like a great opportunity for expansion beyond Dalman and Lei’s current large metropolitan area. This would require training upfront on Dalman’s part to insure the same quality and consistency in the food preparation. However, once the franchisees’ shops were established, there would be less time Dalman and Lei for any specific issues, as the franchisee would be responsible.Dalman and Lei can participate in the profitability of these franchises without the same level of management that is currently required. This opportunity would also potentially be less risk for the company as a large amount of capital would not be required in the expansion.
-CMG focused on operational efficiency Restaurants size which are smaller than competitors (1000 & 2800 sq ft, cost-$850000 to open) Need only a few employee by Limiting menu and using an assembly line system for food preparation (unique style of food preparation)
Direct mail invitations to target consumers within a 30-mile radius of Home Depot stores. E-mail previous consumers in the
The restaurant is a franchise located in the southwestern USA. It is a casual service restaurant and has about 50 seats.
I will look into advertising in local newspapers and coupon books. I will have to weigh the costs of those carefully however as they are often considered not very effective methods in this business. I don’t want to overspend on advertising, and those latter methods can cost quite a bit quite fast.
Businesses use platforms such as Twitter, Instagram, and Facebook as a modern tool to share information with their customers. Facebook offers the option for businesses to create a fan page for their company or product. Twitter allows the use of 140-character posts that users can follow, tweet, or retweet. Blogs are less commonly used, but allow businesses to write in journal type format. YouTube offers a video-library to its users with millions of viewers around the world. There are many other types of social media but most of them follow similar general communication capabilities. Utilizing these
Social Media today is present everywhere and Brand pages on sites like Facebook, Google+, YouTube and Twitter have gotten popular around the world. Concept of marketing has changed with the customer engagement on these platforms.
Have you ever sat down at a fast food restaurant enjoying a delicious triple grand slam cheeseburger and think about all the strategies of how all of this was created? I know I have. The fast food industry is one of the most complex industries out there. With all the marketing strategies, healthier options, and completive markets this could easily but one of the most difficult industries to be a part of. To evaluate, this industry I will dive into the fields of management, the completive landscape, organization of the industry, changes in the industry, and the organizational culture around it.