This marketing plan outlines the expansion of Happy Goblin Coffee Shop from Sydney to Brisbane, including a situational analysis, SWOT analysis, competitive positioning, and marketing mix.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
MARKETING PLAN NAME OF THE STUDENT NAME OF THE UNIVERSITY AUTHOR NOTE
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Introduction The consumption of coffee appears to be quite popular among the average middle income or high end customer in Australia. People who are twenty years and older, love drinking coffee and are seen to frequent bistros and cafes where they can sit down and enjoy a nice cappuccino while engaging in a meaningful conversation with friends and associates (Baverstock, 2016). Running a small business like a café or bistro in an Australian city, that offers coffee of different types in addition to small snacks and savories can prove to be quite profitable, given the love of coffee among the average Australian and the popularity of hang out destinations like cafes and bistros (Chernev, 2015). This report prepares a marketing plan based on detailed situational analysis that can be used by the Happy Goblin Coffee Shop, a small café in Sydney, to expand its operations to the city of Brisbane, where it is likely to do as well as it is currently doing in Sydney. The report concludes with a number of effective recommendations that can be taken into consideration by the owners of the Happy Goblin, for expansion into Brisbane.
About the Happy Goblin The Happy Goblin is a small café that has been running in the city of Sydney for some time now and which offers customers with a delicious variety of Brazilian, Ethiopian, and Indonesian coffee to make a selection from. The Happy Goblin also offers its customers delicious tidbits and savories to dig into along with their coffee. The Happy Goblin is popular and famous because of the fact that it caters to budget customers, and it remains open on all days of the week. Based on the success of its business operations in Sydney, this small business now intends on expanding to Brisbane, in order to establish a base here and cater to customers in the same way that it does in Sydney.
SWOT Analysis Strengths– The Happy Goblin is a café that specializes in the production of exotic varieties of coffee like Brazilian, Indonesian and Ethiopian coffee. Visitors are guaranteed of an exotic taste and feel to the coffee that they order for at this bistro. The Happy Goblin is also serviced by a dedicated and committed staff that works night and day in order to meet the needs and requirements of the customers in the best possible way (Da Silva & Las Casas, 2017). Weaknesses– The biggest drawback associated with the Happy Goblin is the fact that customers only get to make a selection from different types of coffee and not other beverages like tea or ginger ale, or even soft drinks and lemonade for that matter. Other cafes and bistros along the lines of the Happy Goblin make tea, lemonade and smoothies available as well, in addition to coffee and are thus able to cater to a larger clientele than what the Happy Goblin is able to do at the moment (Fine, 2017).
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
SWOT Analysis Opportunities– The love and the demand for coffee in the different cities and towns of Australia makes it clear that any coffee business is likely to do well in such destinations. The Happy Goblin therefore has considerable opportunity to expand and to grow to great heights, by not keeping its operations confined to Sydney but expand to other cities and towns like Brisbane for example (Lamb & Crompton, 2017). Threats– Although the Happy Goblin is a coffee shop that is doing quite well in Sydney and will also do well in other destinations such as Brisbane, if it expands to this city, the threat of rivalry and competition is very high. This is because there are many small cafes and bistros in Sydney and other Australian cities such as Brisbane, that offer coffee and food that is very similar to what is made available at the Happy Goblin. The Happy Goblin has to keep its food and beverage as unique and delectable as possible in order to ward off the threats that are posed by rivals (Lidstone & McLennan, 2017). .
Porters 5 Forces Analysis Threat of Competition– The threat of competition is all too real for the Happy Goblin in Brisbane, given the fact that there are many small cafes that are in operation in this city. Most of the cafes in Brisbane already and successfully cater to the type of target audience that the business is looking to reach out to, and the Happy Goblin will have to keep its prices as competitive as possible while keeping the quality of its meals top notch at the same time, in order to combat the threat that is posed by competition. (Prasad & Warrier, 2016). Bargaining Power of Suppliers– Given that there are many different coffee shops in existence in the city of Brisbane, the bargaining power of suppliers is likely to be quite low. The more cafes there are, the less will be the strength or ability of suppliers to dictate terms and conditions to small business owners (Prasad & Warrier, 2016).
Porters 5 Forces Analysis Bargaining Power of Customers– The bargaining power of customers however is quite high, given the fact that they have so many options to make a choice from, as far as cafes in Brisbane are concerned. If the Happy Goblin is not able to offer affordably priced coffee and savories of excellent quality, customers will immediately have at least two to three options that they can turn to in the same city, thus resulting in a business loss for the Happy Goblin (Prasad & Warrier, 2016). Threat of New Entry– The threat of new entry is quite a real threat for the Happy Goblin in Brisbane. Due to the high demand for coffee shops, any small business owner can choose to invest capital and start up a coffee shop that is not too different from what the Happy Goblin is (Prasad & Warrier, 2016). Threat of Substitution– The threat of substation is low for a business like the Happy Goblin in Brisbane. This is because the Happy Goblin offers exotic varieties of coffee only and this is not something that other cafes in the same city can easily substitute or offer their customers with (Prasad & Warrier, 2016).
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Competitive Positioning On the basis of the theory of competitive advantage, the Happy Goblin will aim to make its business stand out in the market by playing instrumental and jazz music at the café during the hours of its operation (Paley, 2017). Jazz music is quite soothing to the ears and is certain to relax customers who visit the coffee to unwind after a long day (Paley, 2017) The Happy Goblin will also offer new varieties of coffee such as Chili Coffee that is mixed with red chili spices and Oreo coffee which is mixed with the delicious crumbs of Oreo biscuits, to position its business quite uniquely in Brisbane (Paley, 2017)
Marketing Mix Product– The product being marketed here is the coffee and savories that are offered at the Happy Goblin Café which has been operating in Sydney for some time now and which is now looking to expand to the city of Brisbane for greater business and consequently greater profit. Coffee of many different varieties and tidbits like sandwiches and burgers will be made available to all those who pay a visit to the Happy Goblin Café in Sydney (Pike, 2017). Place– The place for business expansion will be the Australian city of Brisbane. The city of Brisbane is a large metropolis that is inhabited by people of diverse ethnic and economic backgrounds and where a small business like the Happy Goblin Café is certain to find the target audience that it needs to establish its business quite prominently over here (Pride & Ferrell, 2016).
Marketing Mix Price –The price of the coffee and savories that are offered by the Happy Goblin Café in Sydney will be kept as affordably priced as possible in order to reach out to wide sections of the city’s possible with ease. The price of coffee and savories will be fixed at $ 10 for a cup of coffee and $ 15 for a savory. The price can later be increased based on how well the café is seen to do in the first six months of its operations in Brisbane (Pride & Ferrell, 2016). Promotion– The promotional activities for the Happy Goblin Café will be carried out on social media platforms like Twitter and Facebook and also Instagram. By doing so, the owners of the café can reach out to a very wide customer base in a minimum time period. Leaflets regarding the coffee shop and its products will also be distributed at malls and groceries in Brisbane to ensure wide outreach (Pike, 2017).
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Conclusion/ Recommendations Efforts should be made by the café owners to include some variety in terms of the food that the café offers in Brisbane, given that people love accompaniments with coffee. Interesting foods like quiches and pies can be included as part of the savories that are offered to customers at the Happy Goblin in Brisbane (Pike, 2017) Special needs of customers who have health related issues like diabetes or high cholesterol should be taken into consideration when running a coffee business in Brisbane. Care should be taken about how coffee and meals are prepared for such customers in to win the loyalty and satisfaction of such customers over the long run (Paley, 2017).
References Baverstock, A. (2015). How to write a marketing plan. InHow to Market Books(pp. 135- 165). Routledge. Chernev, A. (2015).The marketing plan handbook. Cerebellum Press. Da Silva, E.C. and Las Casas, A.L., 2017. Sports Marketing Plan: An Alternative Framework for Sports Club.International Journal of Marketing Studies,9(4), pp.15-28. Fine, S. H. (2017).Marketing the public sector: Promoting the causes of public and nonprofit agencies. Routledge. Lamb, C. W., & Crompton, J. L. (2017). Analyzing marketing performance. InMarketing the Public Sector(pp. 173-184). Routledge Lidstone, J., & MacLennan, J. (2017).Marketing planning for the pharmaceutical industry. Routledge. McDONALD, M. A. L. C. O. L. M. (2016). Strategic marketing planning: theory and practice. InThe marketing book(pp. 108-142). Routledge. Paley, N. (2017).How to Develop a Strategic Marketing Plan: A step-by-step guide. Routledge Pike, S. D. (2017). Destination marketing organisations (DMO). InSage Handbook of Tourism Management. SAGE. Prasad, A., & Warrier, L. (2016). Mr. Porter and the new world of increasing returns to scale.Journal of Management Research,16(1), 3-15 Pride, W. M., & Ferrell, O. C. (2016).Foundations of marketing. Cengage Learning.