Marketing plan-Just around the Bay

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Marketing Plan for Just Around The Bay Restaurant Harikrishna n B Menon CMBA-5

Transcript of Marketing plan-Just around the Bay

Page 1: Marketing plan-Just around the Bay

Marketing Plan for Just Around The

BayRestaurantHarikrishna

n B MenonCMBA-5

1504

Page 2: Marketing plan-Just around the Bay

Executive Summary• Just Around The Bay(JATB) is targeted to corporate

executives, family get2gether & Food & Wine lovers .This is located in the heart of Mumbai (Andheri West) from afternoon (Lunch) till post midnight . The primary marketing objective is to cater Food & Beverages to at least 20000 people in the 1st year &the financial objective is to achieve revenue of 5 million INR.

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Objectives• Food Cost to be kept below 30% of revenue.• Promoting and expanding the business as Unique Restaurant.• Expanding our marketing and advertising in Mumbai to increase our

customer base.• Customer Satisfaction.• To create a Healthy and safe Environment.

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Mission• At JATB we have a very clear and precise mission, to

impress our customers by giving them the highest degree of service possible and by providing them with the freshest, finest & good quality food at reasonable prices, in a soothing and comfortable environment.

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Vision• We will maintain our established reputation within our province

and community for a high standard of:• Food quality, creativity and presentation• Consistent superior service and price value• Sanitation, appearance and overall professional attitude

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Company Summary• The Interior Design• The Restaurant will Feature two venues:

– One will be in the restaurant mainly for dining purpose and Family.

– Other will be Outdoor for the Customer who wants something not so heavy like lunch and dinner.

– Lounge( for waiting) and Bar Facilities will be provided.– Bean Bags will be provided in Lounge.

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Company Summary• The Menu:

– There will be little bit flexibility in the menu at the starting of the Restaurant.

• The Management:– One restaurant manager.– Chef according to need and demand.– One supply chain and inventory manager.– Waiters according to the number of tables.

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Company Start-Up• A space has to be rented of in an appropriate location .• Our start-up costs are mostly expensed equipment, furniture,

painting, reconstruction rent, start-up labor, and legal and consulting costs associated with opening our restaurant.

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Locations and Operations

• Andheri West will be strategically suitable because of the following reasons:

• In front of Corporate Offices .• It also have residential societies like Raheja’s & Oberoi’s.• It doesn’t have even a single restaurant near this area who provides

Food & Wine at the same place .

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Operation Criteria:• The restaurant will be located in Andheri West, Mumbai. The

restaurant will service lunch & dinner and after-hours dining during the week and weekends.

• Buffet will be Provided in lunch and dinner:– 799 INR-for Veg.– 999 INR –for Non Veg.

• Mid-Night Buffet Will be available in Weekends upto 12 am-3 am.– 600 INR-for veg.– 800 INR-for Non veg.

• Service will be during the following hours:– Lunch-12pm-4pm– Dinner-7pm-11pm

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The Menu:• We will provide the following cuisine:1) Salads2) Desserts3) Drinks(Alcoholic, Non-Alcoholic & Wines)4) Exclusive North Indian Speciality + Some dishes of Chinese and

Italian, Thai Food, Sea food, Continental.

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Market Analysis• Today in India the trend of specialty restaurants is

increasing • Dining Experience • Reasonable Experience

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Market Segmentation• Restaurant and Lounge intends to cater to a wide customer base.

We Want everyone to feel welcome and entertained. We have defined the following groups as target segments that contribute to our growth projections:– Youths and Teenagers– Families– The peoples will generally fall in between 15 to 50.

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Strategy and Implementation• We intend to succeed by giving people a combination of excellent

and interesting food in an environment.• We will focus on establishing a strong identity in our community

with a grand opening.• We will create an appealing and entertaining environment with

unbeatable quality at an exceptional price.• All menu items are moderately priced for the area

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Competitive Edge• Competitive edges will be:

– An extraordinary contemporary restaurant design– Indian & Continental classic menu with featured menu – Inner and Outer Sector Marketing campaign(i.e “come to town”

promotions)• Employee Training, Incentive and Retention program.

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Marketing strategy• Marketing strategy will be to promote our food, superior service,

and exciting concepts to draw in the local repeat customers. Marketing initiatives will concentrate on the following:

• Building and signage(Signage is any kind of visual graphics created to display information to a particular audience).

• Customer service• Advertising and promotion

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Marketing program• Media marketing:-

– Billboard advertisement.– Distribution of pamphlets.– Advertisement in local newspaper and T.V.

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Sales strategy• Our sales strategy requires consistently high quality food service ,

speed and atmosphere. We can accomplish this by:– Hiring employees who genuinely enjoy their jobs.– Continually assessing the quality of all aspects mentioned

above.– Interacting with our customers personally , so they know that

their feedback goes directly to owners– Evaluating food choices for popularity

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Management summary

• Restaurant manager• Sommelier• Finance manager.• Supply manager.• Legal advisor.• Inventory manager.• Cashier cum receptionist.

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Publicity:

Discount Coupons will be available on the Following Websites.

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THANK YOU