Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Team GDP (Grocery Dominating Partners) Group 6.09 Sydney Browne Maisie Gest Megan Jones Johanna Lee Carson Lynch eden’s Eden’s Food Trailer so good it’s sinful Locations •College campuses •Medical centers •Business plazas •Factories Food •Delicious •Affordable •Convenient •Healthy Experience •The Garden of Eden •Unique and witty Target Market has Positive Feedback Business Professionals Healthy menu Convenient location Portable options College Students Cheap prices Variety Eclectic experiences Healthcare Professionals Outdoor eating Healthy options Quick service Growth Stage of Industry Growth To date: Street Vendors industry grew because of new consumer demand for unique and gourmet food trucks From 2007 to 2012, industry revenue grew 42% to $1.5 billion. Projected Growth: From 2012 to 2017, revenue is projected to grow 18% to reach $1.8 billion. Opportunities for growth in major metropolitan areas Source: IBISWorld Eden’s Brand Healthy Convenient Delicious Affordable eden’s Open Opportunity High Convenience On-site Pizza Hut Eden’s Unhealthy McDonald’s Traditional Food Trucks Panera Healthy Chili’s Take-out Sack Lunch Outback Health Food Restaurants Low Convenience Appealing to the Mass Market Give customers great tasting food, at low prices Penetration pricing eden’s Meal Cost Comparison -“Apple & Eve” $6.00 -Roasted apple Salad $8.59 -Baked Chips $1.00 (includes side item) -Iced Tea $1.50 - Iced Tea Total $8.50* Total * Plus tax $ 2.49 $11.08* Building Brand Loyalty Promotional Mug Free coffee with purchase of mug Cost: $5.00 $1 refills 16oz. Stamp Card 7 stamps gets you $3 off a meal or a free “Apple & Eve” Card will be stamped for every meal purchased Promotion Example 2013 Jan Feb Mar Apr May June Jul Aug Sep Oct Nov Dec Launch: College Campuses Launch: All Other Locations Opening Event Advertisement X Paradise Advertisement X X X X X X X X Internet: Facebook / Twitter X X X X X X X X X X X Punch Card X X X X X X X X X X X Coffee Mug X X X X X X X X X X X Opening Event: College Campuses Opening Event: All Other Locations Viral Campaign X X X X Low Fixed Cost = High Profitability Revenues $10 M Expenses Variable Costs (7.37 M) Fixed Costs (0.90 M) Total Expenses (8.28 M) Profit $1.72 M “so good it’s sinful” For busy people, Eden’s is the best lunch and dinner option because it is affordable, convenient, delicious, and healthy.