Wine Bar-Business Plan - 1062 Words

The Barrel Room Introduction of Concept Wine is fast becoming an essential accessory for the ‘noveou-riche’ and upwardly mobile urban population of modern India. The astounding 25% growth rate of the wine sales and over 10 million liters of wine production In India bears testimony to the fact that wine consumption as an industry is emerging as a lucrative business opportunity. Currently, only places that cater to the wine appetite of the populace are select restaurants, pubs and nightclubs. A niche for a place exclusively for wines exists and that is yet to be filled for a high-volume, upscale, quality-driven chain of wine bars. The Barrel Room would be the first wine bar chain in the industry offering a high quality product and a†¦show more content†¦The Barrel Room would start its operations from one of these cities and would gradually expand to other parts of the country. (c) A dynamic website for online sales and promotion would give a definitive competitive edge over the other players. Competitors: Our direct competitors are bars and lounges that serve wines along with other Liquor, also the select restaurants and night clubs which offer wines as a supplementary product to their other offerings. Goals and Objectives We aspire to become the wine bar of choice for the community, by providing a higher quality experience than any competitor .We intend to create a wine bar chain that quickly achieves profitability and sustain an attractive rate of return (20% or more annually) for our investors with a starting capital of $250,000. Objectives: (a) Make ‘The Barrel Room’ the No. 1 destination for wine drinking in the country starting with either Mumbai or Delhi. (b) Achieve sales of $300,000 in 1st year. (c) Achieve a 15% net profit margin in the first year and 20 % by third year. The break-even will be achieved in 3 years. (d) Create a firm concept in the industry and begin expanding to other metros within 1 year. Management Team Currently, the team is headed by Major Naveen Khare, a HR professional with 10 years of experience in the Indian army behind him. Aiding him in the venture are his two partners Ms. Deepthi Menon, a marketingShow MoreRelatedKudler Fine Foods: SWOT Analysis986 Words   |  4 PagesChina The CEO of Kudler Fine Foods, Kathy Kudler has always kept a keen watch to expand her business to new locations. Kathy along with her team is looking forward to the product launch of their fine wine selection in China. Kathy is optimistic about her project launch in Shanghai, China and hopes that the product will do just as well as it has been doing in places where the company has already established it. She looks at China as one of the expanding markets in the world and there is increasedRead MoreStart Up Business Plan3601 Words   |  15 PagesStart-up Business Plan Prepared For Windmill Fish and Wine bar To Cardiff Metropolitan University August 27th 2013 Modules MSE (Management Skill and Entrepreneurship) Semester MBA 1 TABLE OF CONTENTS Section page 1. Executive Summary†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.........†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦... 3 2.1 Name of Company†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 3 2.2 Background of company†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 3 Read MoreTrenton, Jersey, Nj Nightlife : Best Restaurants Bars992 Words   |  4 PagesTop Rated Trenton, NJ Nightlife: Best Restaurants Bars Meta Description: Trenton, New Jersey has great restaurants, bars, and other nightlife to choose from. Meta Keywords: Trenton bars, Trenton restaurants, Restaurants in Trenton, Bars in Trenton Trenton, New Jersey Knows How to Show Locals and Tourists a Good Time Trenton, New Jersey may not be the first place you think of when you think nightlife capital of the East Coast. It may not be, that is, unless you live there or have ever traveledRead MoreAn Analysis Of The Dive Restaurant1046 Words   |  5 PagesDive bar will have a full bar and small menu for food that is competing with other companies in the area. In order to compete with our competitors, our craft beers are from local breweries around the Greenville area and our food will be locally grown and locally fed beef that we will serve to our customers to ensure a great, quality product that our customers will love. We have a great premium location in downtown Greenville where we can capitalize on our market and strive to be the best bar in theRead MoreOlivers Market1213 Words   |  5 PagesMarkets’ strategic plan is based around its deli, gourmet foods, and being a major player in the natural foods industry. Oliver’s Markets prides itself as being unique. Within its de li department there is a clear picture of its strategic intent. It has shown customer loyalty by continuing to introduce new imported cheeses as well as fine wines. Oliver’s Markets’ competitive advantage is in its wine department. This competitive advantage is sustained by offering variety of wines that other stores areRead MoreBusiness Opportunity : Hangout Bar And Restaurant1203 Words   |  5 Pages Business opportunity: Hangout Bar Restaurant (PC 4.4) Industry: Restaurant, Hospitality (PC 4.4) The business opportunity is to open Hangout bar Restaurant, a 60 seat fine-dining restaurant with a 20 seat bar . The focus will be on Asian menu. The Bar will be located in the booming, and rapidly expanding Auckland city. The outlook for the future is promising. Although a saturated market, the area is in need of a warm and friendly place with excellent food. A place where you always know youRead MoreMore Vino Ltd. Essay1302 Words   |  6 PagesLast four digits of student ID #: 9347 Name of the business: More Vino Ltd. Nature of the business: Wine Retailer, Bar and Restaurant, Wholesale, and Delivery Marketing Analysis: More Vino Ltd. is a wine retailer located in Trinidad and Tobago and is the newest local hot spot for food, drink, and entertainment. The Stone brothers, Christian and David, started More Vino Ltd. with the help of an investor and his partner, Arthur Greenway. Trinidad and Tobago is a hub for tourists to vacation allRead MoreCase Study : The Market Failure Of Alcohol1303 Words   |  6 Pagesper week. According to the Beverage Marketing Corporation, in 2014, alcoholic beverages such as beer, wine, and spirits, make up about 20% of the US beverage market. Beer continues to be Americans favored drink, with wine being second, and liquor being another beloved form of alcohol. The American Beverage Licensees, also known as the ABL is the national association for services such as bars, taverns, pubs, and liquor stores. In an economic study, the ABL estimated that the economic impact ofRead MoreBonny Doon Analysis1379 Words   |  6 PagesDistribution Figure 3 - Implementation Plan Introduction Bonny Doon currently has an enviable position in the 1990’s Californian wine-producing industry. The company has successfully differentiated itself from its competition and achieved a first mover advantage in terms of selling â€Å"undervalued† wines. However, due to increased rivalry and a changing and increasingly challenging market, Bonny Doon must determine how it will grow its market share. Industry Analysis The wine making industry in CaliforniaRead MoreThe Polaris Cafe1589 Words   |  7 Pagesand there are future plans to build a convention center, mall, movie theatres, and four blocks of modernized brownstones. The Polaris Cafe’ has identified two demographic market segments they would like to serve. The first segment is composed of the older undergraduate students and the graduate students; the second segment is composed of upscale professionals. The restaurant achieves this by dividing the floor space into two distinct areas. The first area is a tapas bar; this area serves tapas