Yummy Day's Retail Store Plan: Comprehensive Business Proposal

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Added on  2021/06/17

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AI Summary
This project outlines a comprehensive retail store plan for Yummy Day's, a juice bar business, focusing on the Indore market. The plan includes a detailed analysis of the target market, which includes health-conscious individuals, working-class people, and young people and kids. It also covers key activities such as sourcing, stocking, and order fulfillment, along with customer relationship strategies. The value proposition emphasizes familiar and outlandish juice flavors. The plan further details the segmentation, targeting, and positioning of the brand, delivery methods, and sourcing strategies. It also provides a product portfolio with pricing, and IMC promotion strategies, and a SWOT analysis. The financial aspects cover revenue streams, cost structures, and pricing strategies. This assignment provides a complete business plan for a juice bar, covering all operational and strategic aspects for a successful launch and operation.
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Yummy Day’s
BY:
MEGHA MALVIYA
RETAIL STORE PLAN
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More and More people are striving to
lead healthier lifestyles
A juice bar that serves customers fresh-
squeezed fruit juice drinks and
smoothies is a fantastic new business
enterprise to put into action.
To boost sales and profits, additional
items such as sandwiches, salads and
healthy snacks can also be added to the
menu..
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Customer relationship
Assuring quality
Cash payment if we
don’t have ‘their wish’
fruit with us
Naturally raised fruits.
Value added
Channels
Social media-
Facebook,
YouTube, Google
AdWords
Advertisement-
Universities,
radios, signs/
displays, posters
Customers
Health conscious
Working class
Youth & kids
Adequate stock
Owed farms/sourcing
Order completion
Delivery
Key activities
Key partners
Local farmers
Ice-cream
importers
Media channels
Key resources
Trained manpower
Storage facility
Timely service
Revenue
Pay per order
Extra
charge/demand
Familiar +
outlandish juice
Cost steamsValue proposition
Fixed- warehouse,
employee, transport,
Maintenance
Variable-seasonal fruits
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Health conscious
In India people have become health conscious and try relying on
healthy food and drinks to stay fettle & fit, Such cognizant
people intake healthy drinks more than twice a day
Working class
More than 76% of working people feel stressed at work so to
remain energetic & avoid health issues they prefer health drinks
Young people & kids
This section counts for more population in India. Young people
are educated about healthy life and kids require more of healthy
diet at their growing age
S
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Typically our target market consist of-
Youth & kids- age- 8 to 20 years
Working class- age- 25 to 45 years
Health conscious-age- 20 t0 30 years
Targeting
Positioning
Our brand name “yummy day’s “
defines our positioning well. Other
differentiating factor is that we provide
all familiar and outlandish juices also we
provide the juice our customers want
within the 24 hours
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Sourcing
Souring of local fruits
Sourcing of outlandish
fruits
Stocking
Stocking in a
warehouse having
cold storage facility to
maintain freshness of
fruits
Packaging
Cardboard packaging of
fruits from warehouse
to outlet
Exotic packaging of
variety of shapes for
take away
Order
Customers can
order through
phone
Mobile app
Website
Delivery
Fast delivery in
cool storage to
keep them fresh
Vans will be used
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JUICES
INDORE
Yummy day’s Product Depending on the glass size
small/medium/big we will be serving.
- Our product portfolio consist of fresh fruit
juices & milk shakes both having
Indian and exotic flavor
Price small-80
- medium-150
- large-250( rest depends upon the seasonal
fruits)
location –we will have our retail store at Indore
Promotion organizing events at festivals and
-online promotions( fb/website/google)
- organizing best juice making
competition & offering hamper prizes
80-250
& above
IMC
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Rs.80 Rs. 150 Rs. 250 Rs. 300 Rs. 190 Rs. 150
INDORE
PRODUCT
PRICE
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High quality nutrition
Premium prices
Food Service is genuine &
caring - designed to maximize
the guest appeal and to create
life time guests
Variety of juices
Completely exotic environment
High cost for the
imported fruits
Seasonal fruits are
expensive to get
throughout the year
Initial money to invest in
R&D is limited
Growing at a compound annual
growth rate (CAGR) of about 35%
annually.
People have become health
conscious
Consumers are ready to pay higher
price
Increased standard of living and
affordability,
Franchise
Need for better lifestyle
Existing retail
outlets/mature
players
Indian economic
conditions
Competitors
OPPORTUNITY THREATS
STRENGTH WEAKNESS
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THANK
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