Beruflich Dokumente
Kultur Dokumente
Marketing 1
Section 2
Uncle Bennys
Marketing Plan
December 2nd 2016
SWOT Analysis
trengths
eaknesses
Tina might still be effected from her Familys restaurant being closed
Shes never personally had the full responsibilities of a restaurant
owner
Its a weak brand, because we are new
The online presence, need to create our identity
We dont have an established customer bases
pportunities
Financial leverage, from her lottery winnings
Roadhouse restaurants are an up and coming style of restaurant
Lots of potential customers in the area, with one of the two largest
shopping malls in the city
Growth for promotions. The more we grow the more promotion we can
attain
Possible expansion in the future, to branch out our restaurant
To give the costumer the satisfaction they want!
hreats
Competitive Analysis:
In our research for new restaurant we decided to become a "roadhouse"
restaurant. We wanted to be a restaurant that could be able to serve a variety of
food such as steak, ribs, and chicken. We decided to see what restaurants in
London are also serving these foods. We noticed a few restaurants that are
serving very similar options and style of restaurant we were trying to become.
We needed a location for our restaurant. We needed somewhere that would be
able to attract our target markets and be able to have them feel comfortable at
the restaurant. Since our target markets are Families and Adult Life Early we
needed somewhere that they can associate themselves eating at. With that in
mind we decided to choose the Masonville area. We chose Masonville because
we noticed a trend of nice roadhouse/nice restaurants in that area, and that is
what we are trying to become.
Our main competition in that area is quite noticeable and they have some very
well known names. Our competition is going to consist of Montana's, The Keg,
and Jack Astor's. These restaurants are going to be our competition because
they are essentially selling the same type of food or the same type of
atmosphere for their restaurant. The restaurants are also quite close to the
Masonville area and that makes them a prime example of a competitor.
Now time for some information on our competition:
Montana's
The Keg
Product: Roadhouse
Serving; Ribs, Steak, Chicken,
Burgers, Sandwiches and Sides
Place: 1335 Fanshawe Park Road
West
Price: 16-35$ Cheaper for smaller
portions
Promotion: Specials,
Commercials, Moose Ears, All you
can eat ribs on Wednesday,
special prize draw
Product: Steakhouse
Serving; Steaks, Lobster, Chicken,
Fish, and Ribs
Place: Richmond/Masonville mall
(Under Construction)
Price: 27-45$, High quality
Promotion: Seasonal promotions,
Daily Specials
Product: Roadhouse
Serving; Steaks, Chicken, Burgers,
Sandwiches and Sides
Place: 660 Richmond Street
Price: 20-30$ Average
Promotion: Special Prize Draws, Free
Appetizers on your birthday, Kids
Menu, Loyalty Program
Jack Astor's
Customer
Segments
Geographic
Students
Young
Professionals
Young
Families
Established
Adult Early
Establish
Adult Lat
Live near
their campus
either at
Live in the
downtown
area
Most young
families live
in
Many people
in this group
live in
Most live
the Maso
area.
Hyde Park,
Hamilton
Road, and
Hyde Park.
Fanshawe or
Western
University.
there are
about 66,000
Around 46000
students live
in
London.
Which
represents
about
There ar
around
50,000 p
White Oaks
people
between the
ages
Approximatel
y 73,000
people in
of 20-29
25,000
people aged
29-35.
this
demographic.
Young
Professionals
are
Fall between
29-35 years
old.
Comprised of
people aged
36-49
aged 50-
15% of the
population.
Demographic
Students are
between the
People in
group ar
aged
ages of 19-24
Psychographi
c
22-28 years
old
49-59. Th
chidlren
Young
Families are
typically
Majority of
students fall
under
no children.
young and
single.
Tend to have
children in
their
Many have
low income
disposable
income.
teens.
Dont want to
spend a lot of
socializing
and dating is
a big
Most have
very busy
schedules,
Spend a large
portion of
their
Have a v
large am
of free
part of their
lifestyle.
Don't have a
lot of time to
go out
income on
food. Eat
outside of
time.
home more
than any
other group.
Have refi
and
sophistic
money.
Have
increased
income and
Students
enjoy going
out
post
seconda
educatio
starting
careers.
a
high inco
tastes.
and
socializing.
Benefits
Having a
place were
they can
A place where
you could
bring a
Going out
with their
family and
A family
friendly
resturant
where
meet their
friends.
date and
have a good
time.
having their
dinner made
for
the parents
will feel safe
bringing
them is
their kids.
Our lower
Can brin
their chil
and gran
children.
prices will
encourage
convenient to
them
students to
visit.
Having
healthy
options on
the
menu for
their children
will
encourage
them to visit.
Usage Rate
Since many
students
enjoy
There is a
medium to
heavy
going out
there is a
medium
usage rate
among young
to heavy
usage rate.
professionals.
Light or
irregular
usage rate
among young
families.
There is a
heavy usage
rate
There wo
be a ligh
irregular
among this
group.
usage
amongst
market.
Target Market
Students:
Students are a large part of the London area due to the 2 main schools in the
area (Fanshawe, and Western). Both schools get a large variety of students
from different backgrounds and histories. For most students they range from
17-25 (Average) with that kind of young age range they command a large
population in London. Students have some of the least amount of disposable
income due to student loans. Students are also doing school work quite a bit
so they cannot always go to restaurants due to time restraints.
The population percentage for this age range is close to 20%.
Young Professionals:
Young Professionals are the 23-30 year olds who have already graduated
from their college/university and they are beginning their careers and
earning either minimum to just above minimum wage. They can afford to
visit nice restaurants occasionally and they are usually beginning a family as
well. This age range is kind of doing their best to conserve some money
while still being able to enjoy their prime of their lives. The population
percentage for this age range is close to 15%.
Families:
Families are the 30-40 year olds who have been in their careers for a while
and they are now married with children. Families with children are the ones
who have a good amount of income because they have been in their careers
for quite a while. This age range is still at the beginning of their family life so
they are wanting to be able to spoil their child while they are still young and
they are wanting to do as much as they can with their child. The population
percentage for this age range is close to 25%.
Adult Life Early:
Adult Life Early people are the adults who are the 40-50 year olds. They have
quite a high disposable income because the children are usually moving out
and they are reaching the end of their careers, so they have a high amount
of free time on their hands to be able to enjoy the time that they have for
themselves. The population percentage for this age range is close to 25%.
Adult Life Late:
Adult life late people are the adults who are the 50-75 year olds. They are
past the end of their careers, these adults are usually retired and in turn
have the most disposable income for things that they are wanting to do for
themselves. The Adult Life Later population usually have grandchildren and
they are wanting to spoil them and take them out for food and activities to
spend time with them. Population percentage around this age group is close
to 15% of the London population.
Students
Geography:
Western Residence% 90 (First
Year)
Fanshawe Residence% 80 (First
Year)
Demographics: 17-25 (Average)
Male% 48.1
Female% 51.9
Young Professionals
Families
able to reach both segments quite well due to the markets are quite similar
and they are able to work in a way that both targets think that they are both
the main target for our company.
Why we chose Families:
We chose Families, because the families market is quite easy to hit with our
type of restaurant. Due to we are essentially doing an emulation of Jack
Astor's and they are quite a family restaurant we were able to decide that
Families would be nice and easy to reach to. Families also have a decent
amount of income since they are trying to keep a family going and be able to
enjoy themselves at the same time.
Why we chose Early Life Adults:
We chose Early Life Adults, because they are in the midst of their careers and
that they have already earned quite a bit of money and since they are able
to afford most restaurants it makes it easier to target them. Early Life Adults
are still looking for a restaurant that is able to bring a little bit of everything
for their nights out with their friends and colleagues.
Objectives
Short term:
-
Medium term:
-
Long term:
-
Distribution Decisions
Name: Uncle Bennys Roadhouse
Location: Masonville Area
Why we chose the name?
We chose the name Uncle Bennys Roadhouse to create the
atmosphere of a warming, family oriented establishment. Uncle Bennys plan
is to make people feel like there at home, when they come to our restaurant.
We want the costumers to feel comfortable and relaxed and what other way
to do that than at good old Uncle Bennys. Another reason for our name
Uncle Bennys Roadhouse, is for costumers to get a feel for our fresh,
homemade Uncle Bennys cooking that will have your mouth watering in no
time. Theres nothing like a home cooked meal, but at our restaurant we do
our best to make each meal fresh and to our perfection. Lastly, we cant
forget Uncles Bennys love for a good roadhouse meal, at Bennys we serve
the finest Ribs, Steak, and Chicken that will leave your taste bauds bouncing.
Distribution
For Distribution of our product it would be Eat-In-Only because of our fresh
and homemade dishes. However, we would offer take home boxes for
customers to take home their meal if they do not finish. We figure this is the
best way to distribute our product, to guarantee our authentic taste and
appeal to the consumers.
Marketing
Communicatio
n PlanRecommendati
ons for
Advertising
Slogan
Name
What is it?
Motivation
Effectivenes
s
Cost of
Advertisem
t
By doing this we
can tap into the
consumers sub
conscious, and
therefore bring
them into our
restaurant. This
than raising our
sales revenue.
4000$ to prin
promote, and
sponsor this
slogan.
Social Media
Campaigns
#UncleBennysRo
ad-house for your
chance to win
prizes of gift
cards and more!
We want people
to associate our
food with this
slogan for when
they think about
our restaurant. As
well create our
own message
about or food to
the consumers.
Is to get people
aware of our new
restaurant using
online social
media which is a
very good
platform for
spreading the
word.
100$ to keep
page up and
running.
By tweeting this
hashtag not only
will people have
a chance to win a
gift card and
come and try out
product. But
people on their
social media will
be able to see
the tweet, which
will advertise for
us.
This will increase
our sales revenue
as more people
will want to come
and eat here for
the benefits. By
having this
promotion three
nights a week we
can also increase
profits with a
larger number of
customers
coming on those
nights.
Promotion
To treat our
customers to a
night out to the
movies. When
they buy any two
entrees, they will
receive two free
movie tickets.
Attracts people to
come out on
these nights for
dinner.
2000$ worth
cards and cou
$2000 Promo
the special.
$5000 For
endorsing the
promotion an
getting it star
Promotion
Promotion
Website
Content
Website
Content
The London
Knights
promotion
Customer Survey
Customer
Feedback Page
We would like to
make out a deal
with the London
knights to be one
of their sponsors.
We would offer a
free starter
anytime a London
Knight scores a
hat trick to
everyone with a
ticket at that
game. In
exchange for
advertisements
at the game and
a sign on the
boards.
Every Saturday
will be all you can
eat ribs for
24.99$.
We will be putting
a Costumer
Survey page on
our website to
allow customers
to take a survey
based on our
performance.
To get people
aware of our new
restaurant. Also
to promote our
restaurant in a
new environment
with lots of
viewers. By doing
this, we will
constantly be
reminding
consumers at the
game of our
business. Which
will than attract
them to our
restaurant.
When people go
out to watch the
London Knights,
they will see or
hear our
advertisement
and be reminded
of our restaurant.
This can let
thousands of
people know of
our specials and
deals on.
Bringing more
costumers in that
like the deals
they see.
$10,000 expe
for the sponso
To get customers
out on Saturday,
and to make
Saturday one of
our most popular
days of the week.
By having this
promotion, it will
increase sales
revenue by
people wanting to
purchase. the
deal which is
higher than our
average cost of
one meal.
By doing this we
can collect
feedback from
customers to be
able to change
our ways for
customer
satisfaction.
By making this
our most popular
day. We are
hoping to be
known for our all
you can eat ribs
on Saturday. This
creating a stable
customer base,
who enjoy this
promotion.
$1000 for
promotion of
advertisemen
By getting
customer
feedback we can
identify our
strengths and
weaknesses. And
than change
what needs to be
changed in order
to run a more
successful
business.
When customers
do this we are
able to see what
they think about
our restaurant.
Also helps other
customers to
decide weather
or not to eat at
our restaurant.
We want our
customers to
spread news
about our
company. By
doing this they
can comment
and rate how well
we did.
$2000- start u
costs to cover
Starters
$2000 to cove
costs and ban
for restaurant
References
Michienzi, Jack. "Tina's Restaurant Case." Tina's Restaurant (2012): 1-8. Web.
Nov.-Dec. 2016.
<https://www.fanshaweonline.ca/d2l/le/content/749484/viewContent/451847
5/View?ou=749484>.