Business Plan for a Fast Food Restaurant: Market Opportunities and Feasibility Study
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Added on 2023/06/12
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This presentation outlines the process for generating a business idea for a fast food restaurant, including a feasibility study and potential market opportunities. It also includes details of the products and services to be offered, as well as the vision for the business.
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Table of Content INTRODUCTION 1. Motivation for choice of business 2. Process for generating of business idea 3. Feasibility study 4. Details of products/services to be offered 5. Potential market opportunities 6. Attractiveness of the industry 7. Vision of business CONCLUSION REFERENCES
INTRODUCTION •An enterprise is basically referring to the firm or businesswherevarioustypesofoperational activitiesarecarriedbycompanyownerfor facilitatingbestqualityservicetoallcustomer segments effectively. •An enterprise is also referring to the set of various activities which is essential for meet the company’s goals within short period.
1. Motivation for choice of business The main motivation reason for starting this fast food restaurant business in market or applying this idea is that in today’s time especially young generations are liked to consume this type of food product are higher rate. Due to consumingTurkish shawarma, drinkand other dishes effectively profit of company are easily increased at maximum level within short duration.
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2. Process for generating of business idea For generating the business ideas effectively various types of methods are applied by organization. First one isinternet research-with help of this research the individual person or the organization are able to access and analyse the features competitor’s food product in fast manner. Secondly,survey or brainstorming Thirdly, social media
3. Feasibility study Feasibility study is defined as an assessment of the practicality of the proposed project or plan. It is essential for analysing the effectiveness and validity of the project for determining that venture and project is likely to succeed. STP Analysis – Segmentation Targeting Positioning
Budget
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4. Details of products/services to be offered The name of the company which are going to launch not only in London and also in other locations isEmy’s fast food restaurant. Inthisrestaurantwearegoingtofacilitatevarietyofdishes especiallyinthecategoryofTurkishstylewithvarious modifications according to customer’s needs and wants. DishesincludesTurkishshawarma,Turkishdessert,traditional Turkish drinks such as lemonade and ayran etc.
5. Potential market opportunities PEST Analysis It is basically a tool which is used by many organizations for analysing the macro external forces effectively and those forces are described below – Political Economical Social Technological
6. Attractiveness of the industry Porter’s five forcemodel is basically a framework which is used by company for company’s competitive advantage in market effectively. Threat of new entrants Threat of substitute Bargaining power of suppliers Bargaining power of Buyers Industry rivalry
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7. Vision of business Our vision is to facilitating unique and best quality Turkish food product to customers according to their needs and wants. The other vision is to always keep standard in our services and product in both offline and online mode which leads to increase positive relation with them for long time.
CONCLUSION After the analysis of above data, it is concluded that the company has the high potentiality and ability for sustaining their success and future growth in long term. The other highlight of these products is that this is healthy, tasty and flavourful for all customer segments.
References •Almutairi, A. K. and Tarifi, N., 2021. EXPLORING SOCIAL ENTREPRENEURSHIP IN KINGDOM OF SAUDI ARABIA. PalArch's Journal of Archaeology of Egypt/Egyptology, 18(16), pp.458-465. •Arshed,N.,Rauf,R.andBukhari,S.,2021.Empiricalcontributionofhumancapitalin entrepreneurship. Global Business Review, p.0972150920976702. •Brentnall, C., 2021. Competitive enterprise education: developing a concept. Entrepreneurship Education and Pedagogy, 4(3), pp.346-375. •Czinkota,M.,Khan,Z.andKnight,G.,2021.Internationalbusinessandthemigrant-owned enterprise. Journal of Business Research, 122, pp.657-669.
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