Market Research Plan Sports Bar
Market Research Plan Sports Bar
Market Research Plan Sports Bar
RESEARCH
PHASE I
Submitted By : Group 5
G005 – Sahil Arora
G015 – Soumya Chakraborty
G025 – Dhruvi Jamda
G035 – Harshit Mulchandani
G045 – Shruti Punn
G055 – Priyanka Satija ATOMIC ANGELS
G065 – Rashi Vajani
Defining MRP and MDP
MRP: Marketing Research Problem
• Define the Marketing Mix for the sports bar and finalise it’s go to market
strategy with respect to the point of differences being offered.
DEMOGRAPHICS : Knowing your ‘TG’
Gender Age Bracket
Student
Working Professional
Business Owner
Homemaker
LIFESTYLE & GOING-OUT
PREFERENCES
Pick your style How often do you go out in a week
What do you think is the most desired company for going to What would be your preferred aura if you go out
a lounge or bar? for drinks?
30
25
20
15
10
0
Vibrant ambience Qualityof Variety of Prompt services Location Accessibility
food/beverages food/beverages
1 2 3 4 5
INCLINATION TOWARDS SPORTS
Which of the following games would you like to play at a Would you consider taking you live screening
sports bar? experience a notch higher via stadium like
experience?
Table games 1
None, I wouldn't prefer to play 1 Yes
Bowling 1 No
VR based games 29
Airhockey 25
Foosball 31
Pool 26
Snooker 15
Would you prefer playing or watching the above games Does the idea of receiving attractive rewards on
in the form of a championship league? winning the league act as a motivation for you to play?
Prefer playing
Prefer watching Yes
Both No
None
RESEARCH INSIGHTS
Correlation Analysis:
Vibrant Quality of Variety of Locational
ambience food/beverages food/beverages Prompt service Accessibility
Vibrant ambience 1
Quality of food/beverages 0.807850123 1
Variety of food/beverages 0.460279714 0.544676127 1
Prompt service 0.537481532 0.492971953 0.520772684 1
Locational Accessibility 0.141793928 0.246631474 0.323253206 0.301547758 1
Regression Analysis:
Coefficients Standard Error t Stat P-value
Intercept 0.07355787 0.505837968 0.145417849 0.884954187
Quality of food/beverages 0.84170003 0.111370215 7.55767628 7.18022E-10
Variety of food/beverages -0.02629139 0.12162778 -0.216162743 0.829723177
Prompt service 0.24805186 0.112061097 2.213541277 0.031359536
Locational Accessibility -0.11481625 0.098448445 -1.166257588 0.248935259
RESEARCH INSIGHTS
Cross tabulation:
Taking your live screening experience a notch higher
Paying additional
charges No Yes Grand Total
No 90% 43% 52%
Yes 10% 57% 48%
Grand Total 100% 100% 100%
- Rush hours are mostly 10 pm -1 am, mornings are also busy due to people coming in for
breakfast and brunch
- Location near beach is appealing to the customer as people like to enjoy going to the beach
after drinking
- Many customers like to play Foosball and Pool table and it also takes less space. But most
of them prefer live screening
- Feedbacks from customers really help in improving the services and deciding what to
continue or not
- Since the quality of the drinks is almost same everywhere, good food is the differentiating
factor for customer. Emphasis on quality, taste and variety of menu can attract people
SECONDARY RESEARCH
Area Insights for JUHU
- Upmarket neighbourhood of Mumbai - Space crunch and related costs
- Average population of 3,20,000 - High cost of operations and resources
- Over 23 colleges and universities - Competitive landscape
- Home to celebrities and Mumbai's business elite - High customer expectations
- Ideal for setting up a sports bar
> Prominent Target Audience cohorts : Primarily 18-30 years TARGET SEGMENTS
College Students White Collar
• Middle class White collar : Working class people who are drawn to the bar after Weekend Connoisseurs
office hours to relax
10
• College Students: Adult college going students who are sports enthusiasts, enjoy
lounging, or both. 30
• Late nighters and weekend partiers : These folks drop by and stay for many hours
drinking and watching sports.
• Brew Connoisseurs: The main appeal to this segment will be the large number of 40
Excellent ambience
Well developed website
PORTER’S 5 FORCES
High barriers to entry, licensing
issues, high cost of operations and THREAT OF NEW
locational factors ENTERANTS : LOW
BARGAINING POWER OF
SUPPLIERS : LOW
Kitchen equipment, furnishings,
Clubs, speciality bars, breweries and raw materials, service suppliers,
gaming zones, and other lounging THREAT OF SUBSTITUTE : etc. The number of suppliers is
options HIGH high, thus bargaining power is low
BARGAINING POWER OF
CUSTOMERS : MEDIUM
The customers can resort to other sports
Around 5 sports bar alternatives in COMPETITIVE RIVALARY : bars and/or other substitutes available at
and around Juhu with competitive similar pricing. However, our offerings are a
MEDIUM TO HIGH
pricing and premium offerings distinguishing factor.
ATOMIC ANGELS: Premium Offerings
Extensively
- Championship leagues - Score prediction prospects Preferred
Games
TO BE CONTINUED..
In PHASE II
THANK YOU!
ATOMIC ANGELS