Marketing Plan Wow Sarap
Marketing Plan Wow Sarap
Marketing Plan Wow Sarap
PLAN
Wow Sarap
Fast Food Restaurant
Market Population
Primary Target Market 25, 109
Secondary Target Market 42, 186
Total Target Market 67, 295
The market size for the business would be based on the population of Bontoc and
the tourists coming in and out in the municipality since the business is for all kinds
people regardless of social status, gender and the ones who are aging 7 years old and
above. On the latest PSA 2015 result, Bontoc has 25,109 populations while local and
foreign tourists coming in the municipality are 42,186 according to the 2018 Bontoc
Municipal Tourism Office records. The primary target of the business would be
employees, students and families while the secondary target market are tourist coming in
or passing by within the town.
2. Market Trends
Fast Food Restaurant is a growing industry in the Philippines. People nowadays,
especially employees and students have already limited time to go home and cook their
own meal due to a more competitive environment. They need a faster way to have their
meal in order to cope up with the time and requirements in their endeavor. Furthermore,
customers will still experience delicious food with the best, fast and quality service in an
affordable price. Moreover, Bontoc, as a capital town has become a pass-by place for
tourists going to Sagada, Banaue and Kalinga and has been a major tourist destination
within the province. As a capital town it is the meeting place of all i-Montanyosa. The
customers can enjoy delicious food without spending too much money. The Wow Sarap
Restaurant with its projected service will surely provide its customers with quality service
and affordable delicious food that these customers are looking for.
B. Market Profile
The owner of the business will purchase its main ingredient, chicken, from
Magnolia Corporation vegetables and available ingredients will be purchased within the
locality. Equipment to be used in the operation of the business will be purchased from
Tiongsan, Baguio City. Proper storage of the ingredients will follow shortly. Rules and
regulations of a restaurant will be imposed within the establishment for the betterment of
the business and its customers. The business will operate from 6:00 am – 9:00pm every
day excluding Saturday that will serve as rest day of the employees.
C. Environmental Analysis
1. Opportunities
Business Popularity. The Fast Food Industry is a popular business
establishment for people. Majority of children, teenagers and adults have
gone to fast food restaurants and experience the services that a fast food
restaurant offers. This will attract customers to enter the proposed business
and experience the quality service of a fast food restaurant
Expand. Once Wow Sarap Restaurant generates more revenues at this
location and has a larger budget, they should expand the business in some
locations still here in Mountain Province and even in Baguio City and La
Trinidad where there might be larger customers that wants to have a taste
with the menu of the said business. This would greatly contribute in
retaining customers, brand retention, and advertisement.
Minor Adjustments (Customer’s Suggestions). Making minor changes in
the business can enhance its performance in doing its service. The
customers can write their suggestions for improvement based on their
experience and the business can consider it after deep learning.
New Establishment. Wow Sarap Restaurant would be a new business in
the place and it can attract a lot of attention.
Unli-Rice. Filipinos are well known as rice-eaters. They eat more rice than
any Asian countries. Within the place of the establishment, Igorots are
fond of unli-rice restaurants, as observed by the owners, they prefer
restaurants that offer unli rice promos than those who do not.
2. Threats
Health Risks. Fast Food restaurants are known to be offer excellent food
to its customers, however, some fast food restaurants had experience
complaints about their food having not cook, too fatty and have foreign
objects like hair,etc. This will present a great task for the proposed
business to overcome this risk
Competitors. Even if the Wow Sarap restaurant will be the first fast food
restaurant in Bontoc, it still considers other dine-in restaurants as its
competitors because they have been in this business venture in a long time
and has captured many of the target customers because of its long stay in
the place.
Market Shares
Target Market
2019 (50%) 2020 (40%) 2021 (55%)
67, 295 33 647 26 918 37 012
Strengths
Gives information in the community about the business so that people will be
aware about the establishment and look into the needed services of the customers,
in this way, the business can offer whatever needed help the community needs,
especially the target market.
Customers will be treated like a family as they enter the business establishment, it
will be a dining room away from home experience.
Excellent fast food service will be provided to the customers.
Will entertain local farmers for its ingredients, in this way it can also help local
farmers gain profit.
By making ourselves involved and present in the community activities, and fiestas
and will integrate the business to all of its activities, so that promos and bonuses
can be provided.
Adaptable to the culture within the community
Description of the do’s and don’ts of a restaurant.
Opening of a cellphone hotline number so that customers can make orders while
at home and be delivered unto them.
Quality food
Open everyday
We expect a high degree of enthusiasm and offer a fun store with friendly
staff,that reflects the company's youthful and energetic culture
Weaknesses
2. Company Strategy
Purpose
To be the leading restaurant in the food industry by meeting the “capacity” of the
customers in buying their meals.
Vision
Our vision is to build and maintain a customer-oriented business that will nurture
the service and product’s excellence through cleanliness, high quality and value to meet
the expectation of our customers. Moreover, the business will build a friendly and family
oriented environment to the customers. The main vision of the business is to be the best
quick service restaurant experience to the customers.
Mission Statement
Core Values
Goal
Regional expansion in the field of fast food restaurant and develop a strong
customer relationship.
To increase the assets and investments of the business to support the development
of the business.
To build good reputation in the fast food restaurant and become a key player in
the industry.
Scope of Work
Wow Sarap Fast Food restaurant will be giving fast service and cater the need of
the people on their meals, in less than 20 minutes.
Modern Furniture
Air-conditioned area
Unli-Rice Promo
D.
Present
Marketing Strategy
1. Segmentation, Targeting and Positioning
We are targeting the Bontoc residents especially the employees and students
as our primary market. The Commercial Building is situated in the heart of the town
wherein people usually go and meet. Due to heavy extra-curricular activities among
students and heavy workload for employees, it is common for them to have lunch
outside, and not at home.
Our secondary market segment are the tourists coming and passing by Bontoc.
With the increasing number of tourists coming to the town it is will surely increase
also the customers of the business.
Lastly, the Commercial Building is also the shopping destination for locals
and tourists in the area. Wow Sarap Restaurant is the alternative for a quick bite while
shopping in the area.
E. Marketing Mix
The definition of Marketing Mix is a set of controllable technical marketing tools
that a firm blends to gain the response it wants in their target customers. The tools are
basically Product, Promotion, Place and Price.
1. Product
a. Product Variety
Wow Sarap offers a wide variety of products to its customers. Since it
starting point it had offered Inihaw fast foods with the inclusion of side freebies
like unli rice. Chicken Inasal, Barbeque, Grilled Bangus, Liempo, and Grilled
Porkchop will be our main dish. Alcoholic drinks will not be sold, as Wow Sarap
Restaurant promotes healthy and positive Filipino lifestyle. Instead Soft drinks
and iced tea will be served.
b. Quality
The definition of quality means the totality of the feature
and characteristics of a product that satisfy the customer’s needs.
Wow Sarap offers good quality food to its customers in order to compete
with the market competitors. It is observed with keen interested by the staff and is
maintained with the help of highly efficient ingredients and tools used in the
cooking of the product.
c. Features
The main features of Wow Sarap are their low and affordable prices which
is favorable to its target customers as they are mostly middle class families or
students and the variety of dishes to available in the menu, which focuses on
grilled foods.
d. Services
The definition of Services is the benefit or the product that the producer
can offer to its customer that is intangible.
Wow Sarap Restaurant offers a wide variety of services. They offer
exceptional service to customers with their maintenance with its high quality of
food. The business will also offer taking home orders with a free delivery so that
customers will appreciate and love more the business
2. Prices of Wow Sarap
a. List Price
Like any other fast food restaurants, Wow Sarap also has an organized
price list for their customers.
Prices
Menu
Year 1 Year 2 (20%) Year 3 (10%)
Drinks:
Pepsi/ Royal/
Mountain Dew
Pineapple Juice/
Iced Tea
b. Discounts
c. Payment Period
The definition of Payment Period is when payment will be made. The
payment that the business will implement is the customers must pay after ordering
in the “Pay as you Order”
4. Promotion
a. Advertising
2. Packaging
Food packages will be offered for family sized orders and group sized
orders. Family Boxes, Inihaw Boxes which offer more products but within
a smaller price range. Family Boxes will contain 5 chicken inasal, Inihaw boxes
will contain 5 chicken Inasal, 5 pieces barbeque, 1 piece grilled bangus and
liempo.
B. Pricing Strategy
The primary goal of every business is profit maximization and so we must consider how
we price our product and services. However, the financial stability of its target market would
also be taken into consideration so as to give our customers affordable foods. The prices will be
based on the fast food chain Mang Inasal and Chic n Boy, which is the cheapest fast food
restaurant similar to the business.
C. Distribution Strategy
Our product and services will be distributed through direct distribution wherein people
will avail of our products and services in our establishment. Customers will either dine in or take
out foods within the establishment. Delivery services is also available, wherein customers can
call the business and order at their home while the business will deliver the ordered products at
their houses.
D. Promotions Strategy and Specific Activities
The business will be advertised even before it will operate. The advertisement will be
done through the flyers, facebook page, and tarpaulin so that the people will know of its
existence. The tarpaulin will be posted to the business sites and to places which are open for
posting, flyers also would be distributed and posted especially during the starting of the
operation of the business.
a. Tarpaulin- Tarpaulins will contain some information about our business and it will be hanged
and posted in public places so that people will be able to see it and it will help persuade them
to go see our business and try our services for themselves.
b. Flyers- By using flyers, we will be able to promote our business. The flyers will contain
important details about our proposed business. This flyer will be distributed freely to any
individual and will also be posted in places where many people can see it and for them to
know of our existence.
Total Forecasted Net Fund 3 536 450 2 650 391 2 013 550
Table 2. Projected Sales for the Year 2019 (Amounts in Philippine Peso)
Planning of business
Release of funds
Legal registration
Purchase of equipment
Start of construction of
the building
Collection of raw
materials
Recruitment and
training of employees
Advertisement
Start of operation
Less: COGS
Beginning Inventory 1 000 000
Add: Purchases 3 608 720
Less: COGS
Beginning Inventory 1 000 000
Add: Purchases 4 514 520
F. ATTACHMENTS / REFFERENCES
In Partial Fulfillment
in the
Requirements in
Business Ethics and Social Responsibility
b. Market Analysis
Our market analysis focuses in a group of individuals. Then we also focused our
data only on the Central Bontoc, Mountain Province. This allowed us the ability
to accurately estimate the size of the market.
Tourists
Menu
1. Chicken Inasal All dishes are served with rice
2. Pork Barbeque and 1 softdrink, as for the
3. Grilled Bangus Family box and Inihaw box, 5
4. Liempo softdrinks are given.
5. Grilled Pork Chop
6. Family Box
7. Inihaw Box
8. Pepsi, Royal and
Mountain Dew Extra drinks customers can
9. Pineapple Juice and iced order.
tea
c. Target Beneficiaries
The target beneficiaries of the business are the customers who avail the products
and services of the fast food restaurant. Somehow, while gaining a high profit, the
business will conduct charitable activities such as providing school supplies to the Grade
1 – 3 pupils of the elementary schools in the locality.
Employees will receive bonuses whenever they excel in their part and job in the
business. Furthermore, employees will have a 13th and 14th month pay as the government
implemented this rule.
d. Customers
The market size for the business would be based on the population of Bontoc and
the tourists coming in and out in the municipality since the business is for all kinds
people regardless of social status, gender, and the ones who are aging 7 years and above.
On the latest PSA 2015 result, Bontoc has 25,109 population while local and foreign
tourists coming in the municipality are 42,186 according to the 2018 Bontoc Municipal
Tourism Office records. The primary target of the business would be employees, students
and families while the secondary target market are tourist coming in or passing by within
the town.
e. Competitors
Even if the Wow Sarap restaurant will be the first fast food restaurant in Bontoc,
it still considers other dine-in restaurants as its competitors because they have been in this
business venture in a long time and has captured many of the target customers because of
its long stay in the place. The competitors include the following business:
1. Bontoc Public Market – 3. Annayah’s
there are stalls that set up 4. Midtown
to sell some fast foods 5. Garden Fusion
2. Drop-by
III. Operations
Day Implementation
Sunday The business will open at 6:00 am –9:00 pm
Monday Before the business will open, the crews will clean
Tuesday and establishment
Wednesday
After closing the business, the crews will clean the
Thursday
Friday establishment and the cook prepare the ingredients
that will use on the next day
The business will start to operate on December 2019. The products that will be offered
will include Chicken inasal, Pork barbecue, Grilled Bangus, Liempo, Grilled Pork Chop where in
all dishes would be served with rice and vegetables. Furthermore, Unli-rice promo will be
applied in the business. The business will operate from 6:00am-9:00pm every day excluding
Saturday. The business is not available to operate every day because the employees are not able
to do shifting because of their skills, knowledge and capabilities in their job.
B. Organizational Chart
Accountant
Manager
Chef