Restaurant - Monopolistic Competition
Transcript of Restaurant - Monopolistic Competition
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Service Industry Restaurants
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Many Restaurants
• Large number of Restaurant competing for the same customers
• For Example: Achija, Rangoli, Dosa plaza.
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Different MENU
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Taste
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PRICE
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Ambience
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The Foodie Affair….
• Well known food joint but just 3 months old setup in NERUL
• Famous for its tempting PAV BHAJI..
• Pure Veg Restaurant
• Veteran in this industry … 15 year old setup
• For Vegans: Idlis, Veg Hyderabadi and Veg Malwani.
• Carnivores first floor: chicken is served in its multiple avatars: Mussallam, Malwani Tikka, Kagada, Tawa and Handi.
Achija Rangoli
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Material
• Source of Raw Material: APMC market Vashi
• Includes Oil , Herbs, Spices
• Replinshment : Daily and Weekly Basis
• Total cost on raw material : 2 lakhs/ month approx
• Source of Raw Material: APMC market Vashi
• Includes Oil , Herbs, Spices
• Replinshment : Daily Basis
• Total cost on raw material : 5 lakhs/month approx
Achija Rangoli
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Labour
• Total No. of Employees: 34+
• No. of Cooks : 8– (ONLY Veg)– Waiters & Cashiers:
26• Cost: Rs.2,00,000
/month
• Total No. of Employees: 50
• No. of Cooks : 15 – (Both Veg and Non Veg)– Waiters & Cashiers: 35
• Cost: Rs.5,00,000 /month
Achija Rangoli
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Expenses
• Gas cylinders : 2 cylinders/ day
• Utensils & service crockery : 150+
• Number of Plates: 1500+• Electricity Chgs: 7000-
10,000 /month • Transportation charges for
procurement of Raw Material – 3000/ month
• Rent :25,000/ month
• Gas cylinders : 6 cylinders/ day
• Utensils & service crockery: 400+
• Number of Plates : 5000+• Electricity Chgs:
1,00,000/month (includes AC and NON AC)
• Transportation charges for procurement of Raw Material - 5500/month
• Rent : Nil
Achija Rangoli
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Advertisement Costs
• Advertisement : As Achija is newbie in nerul there advertising cost is higher. They advertise through hand bills, local cable & in college fest where as Rangoli stick to the handbills for its advertising.
• There are also using online options available for advertising