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Documenti di Professioni
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Tinas Restaurant
Rhonda Payne
Frank Oliveira, Paola Bohorquez, Tommy Nguyen
Fanshawe College
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Table of content
SWOT Analysis
Competition Analysis
4-5
8-9
Product
8
8
6-7
11
10
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Opportunities
Weaknesses
Emotional attachment to
restaurant business
Parents restaurant had failed
Tina is not familiar with ethnic
cuisine
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The Keg
Place
Promotion
Starters: $9 - $13
Dinner Entre: $20 - $40
Price
Moxies
Place
Promotion
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Price
Milestones
Place
Promotion
Contemporary dcor
Emphasizes food, atmosphere, and service
Website contains menus, locations, background
Social Media: Facebook. Twitter
Has birthday events where you can get a meal for free on your
birthday
Daily drink specials
Starters: $6 - $13
Dinner Entre: $13 - $32
Price
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Geographic
London, ON
Demographic
Age: 18 25
Income: $4000 in spending in local economy each
academic year, with $880 of that going towards dining
out
Ethnic: Very Diverse
Family Life Cycle: Young Singles
Psychographic
Benefit
Segmentation Bases
Geographic
London, ON
Largest group by population
Demographic
Age: 36 49
Income: since this group is established in their careers,
has a good amount of disposable income
Ethnic: Diverse
Family Life Cycle: Established in their careers middle age
married/divorced with/without children
Psychographic
Benefit
Personality: Adventurous
Lifestyle: trying new things, go out to eat 2 times a week,
highest compared to other age groups
Geodemographic: tend to reside near Hyde park
Convenience, time-saving
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Segmentation Bases
Geographic
London, ON
Demographic
Age: 49-59
Income: Highest average income compared to other age
groups
Ethnic: Diverse
Psychographic
Healthy lifestyles
Benefit
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5. Mission Statement
Our promise to our customers is to provide a fresh, enjoyable, and an exclusively
tasty meal that will benefit their health.
7. Pricing
We decided that our pricing goal would be profit maximization goal. This
best fits our pricing goal because we believe in quality more than quantity. Each of
out entre is made of fresh and organic ingredients, therefore the price should
match our products. We can maximize our profit by serving smaller portions, but
with the best quality possible. We can also increase our profit by focusing on our
customer satisfaction, because customers would be willing to pay a large amount of
money for something they perceived as a quality product.
The pricing strategy that we decided on is the price skimming strategy. Since
the products we offer, which are an all-organic food restaurant, have very few
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competition in London gives us more freedom with pricing. By setting the base
price above the competitors, customers would perceive our products as high
quality. Also, since organic food is the current trend, we believe the demand for our
restaurant would be higher, giving us room to charge a higher price.
Finally, we believe that our target market which is the established adult late,
have the ability to afford our products. The average income in this age group is
considered the highest compared to the other aged group since this age group is
well into their career. Also, the average family income in the Masonville area is
$153,560, highest in the city, is where our restaurant would be located. Since our
tastes mature with age, mature adults would be willing to pay a high price if they
know they would receive a quality meal in return.
8. Product
At Organik, the theme of our food is fresh, organic, and nutritionist meals. We
provide healthy conscious meals that are made from freshly grown ingredients that
come from our local farms. Our products are organically grown, free of pesticides.
Our meats also come from local farms that are free-roaming animals. Free-roaming
animals means they grow at a natural pace, and are not confined in a small space.
Due to the natural habitat the animals are growing in, their meats contain more
vitamins and omega-3 fatty acids. They are also grass-fed which means our meats
contain less cholesterol, saturated fat, and calories. Grass fed animals are free from
growth hormones and addictives. (Soil Association)
We offer a variety of meals to meet every member in our target markets
taste. Meals such as wild-caught seafood, and grass-fed chicken are offered at
Organik. We also offer gluten-free and vegetarian choices. For our diverse
customers, we also include international dishes such as spicy-thai brown rice with
stir-fry organic bokchoy with grass-fed beef slices or curry free-roaming chicken
with a side of organic mash potatoes.
We decided to choose the healthy organic route for our restaurant because
we believe that mature adults value healthy and nutritionist meals. Since very few
restaurants provide focus on healthy nutritionist meals, we believe this is our
competitive advantage.
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Bibliography
Dover, J. (2014, May 1). Eleven trends and factors affecting Canadas foodservice
industry. Retrieved November 23, 2014, from Restaurant Central:
http://www.restaurantcentral.ca/trendsfactorsCanadasfoodserviceindustry.aspx
Lamb, C. W., F, J., Jr, H., McDaniel, C., Kapoor, H., Appleby, R., et al. (2011). MKTG.
Toronto, ON: South Western.
Michienzi, J. (2012). Tina's Restaurant.
Milestone. (n.d.). Retrieved November 23, 2014, from Milestones Grill + Bar:
http://www.milestonesrestaurants.com
Moxie's. (n.d.). Moxie's Grill Bar. Retrieved November 23, 2014, from
http://www.moxies.ca
Robinson, J. (2010). Grass Fed Basic. Retrieved November 23, 2014, from Eat Wild:
http://www.eatwild.com/basics.html
Soil Association. (n.d.). Facts about organic food. Retrieved November 23, 2014, from
http://www.soilassociation.org/whatisorganic/organicfood
The Keg . (n.d.). Retrieved November 23, 2014, from The Keg Steak House & Bar:
http://www.kegsteakhouse.com/en/keg-story/