Yum Yum Tree
Yum Yum Tree
Yum Yum Tree
capachino
americano
eSPRESSO
cookies
cold coffee-
Y UM
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BBQ and Cafe
Acknowledgement
?
The what -
providing cafe as well as desi setup and
menu will be designed keeping in mind certain
ailments
The why-
open up target customers’s minds and provide them cafe
as well as tradition setup
The who-
target market
The how-
Multi-designed interior and atmosphere as well
Menu -
Company Analysis
Rastaurant type-
Barbecue restaurant
Strengths-
The Hotel's strengths can be identified as follows:
> Strategy: to open up minds and make family bonds more
strong.
> Structure: flat, decentralized structure.
> Skills: diverse range of service skills within management
and staff.
> Style: strong, exciting
> Staff: specialized and experienced staff well motivated
and highly skilled. A well trained team who are proud of
their hotel and respect and promote the brand values.
> Shared Values: clear and well communicated.
Brand Strength: brand values well represented
engendering brand loyalty amongst existing and new
guests.
> Reputation: promote a strong reputation within the local
market and corporate and travel trade markets for
reliability, exemplary service and quality.
Weaknesses
The Hotel's weaknesses can be identified as:
> Seasonal revenues: the flow of tourist cycle that occurs
during spring-summer seasons versus winter should be
considered and manage.
> Staff: seasonal turnover requires ongoing training and
orientation of new staff.
Opportunities
The Hotel's opportunities can be seen as:
> Market: returning growth after a period of slump
(2020 versus 2018)
> Competitors: no direct competition exists at present
> Suppliers & Staff: Supplies (materials) and Staff
(Personnel) required to run the facilities could be obtained
from the local market
> Guest Dependency: repeat corporate business based on
personal service and quality, in a small but luxurious
environment.
Threats
Threats to the Hotel have been identified as:
> Market Entry: potential for a competitive, global brand
to enter the market with a similar product.
> Substitutes: fully furnished and serviced business
apartments offering lower daily rates.
> Economy: recovery from slight recession may take time.
Marketing Analysis of bbq restaurant business
The most important component of an effective BBQ
business plan is its accurate marketing analysis
It is only after this stage that good business plan for a
restaurant could have been developed.
The success or failure of a startup totally depends upon
its marketing strategy which can only be developed on
the basis of accurate marketing analysis. There are four
main steps to carry out an accurate marketing analysis of
a BBQ business which are to identify the current market
trends of BBQ restaurants in Indore, identify your
target audience and potential customers, set out the
business targets to achieve, and finally set the prices of
the menu. Marketing analysis is a must-do thing before
you even think how to open a BBQ restaurant. It must be
considered before developing the BBQ restaurant
business plan template.
Marketing Segmentation
As for a general trend, the market demand for BBQ
businesses is on the rise. BBQ is one of the most popular
American fast foods that’s why the number of BBQ
restaurants has been increasing during the last few years
in our country also.
According to a recent report, there has been a staggering
olny few increase in the restaurants offering BBQs in the
Indore just in the last few years. As of now, there are
so many established restaurants which provide high
quality and delicious BBQ meals. This increase is credited
to the fact that new generation’s love BBQs and the second
reason is that starting a BBQ restaurant has become very
easy. In fact, the small BBQ setups and BBQ stands are
selling more BBQs as compared to the established high-
class residents but we are creating for the middle class
families easier to efford and experience. It is due to their
greater accessibility and comparatively lower rates.
Nevertheless, this industry has a lot of potential and a
BBQ business, regardless of its magnitude, can yield
immense profit provided that you successfully plan it and
target our customers.
Our target market is the community living nearby at the
10 minutes’ drive from our restaurant and mainly the desi
families. The community consists of all types of people
from varying backgrounds.
Residential Community:
The second group of our target customers will be the
community residing in the vicinity of our restaurant.
BBQ is one of the favorite foods of Indian teens so we
hope to have a lot of sales due to them. Not only teens,
adults and middle-aged people also love BBQ. To attract
this target group towards us, we will also offer various
promotional packages.
Passers-by:
The third category includes those people who do not live
or work near our restaurant but have come to the area for
any business purpose or commercial activity. We also
hope to attract these passers-by with our economical
and delicious BBQ.
The detailed market analysis of our potential customers
is given in the following table:
Market Analysis
Potential Customers Growth YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 CAGR
Product Pricing
Product pricing is one of the most important factors in
deciding the sales and marketing strategy. Selecting the
price for products is a difficult task because startups have
to attract customers while yield profit at the same time.
These two things cannot be achieved at the same time
and the only way out is to select a compromised trade-
off or balance between the two. After considering the
market demands, we have priced all our products in the
similar ranges as of our competitors. Our menu is priced
as follows:
Market trend-
The food industry keeps updating itself at a fast pace.
Trends come and go but only a few manage to stay. One
such is the increasing trend of live grill in barbeque
restaurants. Barbeque Restaurants and their population is
growing at a fast pace and is taking along the trend of live
grill with it
What’s Grilling?
There have been a lot of changes in the traditional live grill
cooking. Restaurants are trying to innovate and bring new
dishes to the plates. They are doing everything possible to
bring more innovation and thrill to an already innovative
concept. “Most of the food like chicken, sea food,
vegetables & fruits go well on live grills if they are
marinated well. Now a days we play with beetroot, sweet
potato as well which were previously only used as boiled
items. We recently did a one of its kind of a food festival
“Grills On Fire” in which we served more than 20 starters
which were on Live grill and it was appreciated by people
a lot”, shares Ashish Massey, Owner, Ancient Barbeque.
Restaurateurs are also trying to combine different forms of
food experiences into one to give their audience food with
a twist. “Live grill is not only a culinary experience but also
an indulgence of all senses. Grills combined with
molecular gastronomy definitely appeal to the ever
demanding customer base,” points, Parvesh Singh, Owner,
A Grill Company, Noida.
USP
Live grilling in itself is an adventurous dining experience.
Experimenting with foods and dishes is what has already
been done here. Other than this not much can be done
with the food. But a restaurant does not only comprise of
food but is made up of quite a few more things. These
restaurants try to innovate in that sector as well.
market growth
Future Growth
According to experts competition in this sector is growing
every passing day due to the popularity of this concept.
And this will go on for a period of time but competition
and competitors offer a great opportunity to improve and
understand new trends of the industry. Every other day a
new restaurant opens up with the same theme and
domain which shows the increasing demand and rising
popularity of live grills.
Hence, we can say that the future of grill seems to be
bright but a lot of efforts have to be done to keep it
growing at a consistent pace. With such demanding
customers, the need for innovation has become the top
priority of such restaurants.
Base year for estimation 2018
Marketing mix
Strategy
Sales strategy is also an important component of a BBQ
restaurant business plan and hence it must be developed
with great care and attention must be paid to every detail.
Competitive Analysis:
Sales Strategy
After carrying out a detailed analysis, our experts came up
with the following brilliant ideas to advertise and sell
ourselves.
Personnel Plan-
Forcasting sheet -
Sales Forecast
Considering the quality of our food and our exceptional
marketing strategy, our sales pattern is expected to
increase with years.
Financial Plan
The final thing to do before you think about how to start a
barbecue business is to develop a comprehensive
financial plan which will cover the detailed costs of startup.
General Assumptions
Year 1 Year 2 Year 3
Plan Month 1 2 3
Current Interest Rate 10.00% 11.00% 12.00%
Long-term Interest Rate 10.00% 10.00% 10.00%
Tax Rate 26.42% 27.76% 28.12%
Other 0 0 0
Brake-even Analysis
The following graph shows the company’s Brake-even
Analysis.
Brake-Even Analysis
Monthly Units Break-even
Monthly Revenue Break-even
Assumptions:
Average Per-Unit Revenue
Average Per-Unit Variable Cost
Estimated Monthly Fixed Cost
projected operating expenxe
sales forcast
projected financial statement
Balance sheet
cash flow statement
Profitability Ratios:
Gross Margin and Net Profit Margin
indicate that the hotel will generate profit
from year 1. Percentages of gross and
net margin (related to gross revenue) are
in line
with the local industry. Return on assets
(ROI) and Return on Equity (ROE) indicate
that significant earnings will be
generated from the investments in assets
and a result an efficient usage of the
owners’ equity is expected.
Activity Ratios:
AR and AP Turnover suggest a good
management of the balance sheet plus
the Inventory Turnover that also indicates
an excellent rotation of the inventory.
Collection days (only 8) represent a
business risk in the balance sheet since
most of the credit card service providers
will require more than 30 days to pay
back. Potential increase in the
AR could generate some pressure in the
cash flow.