Wednesday, 7 December 2011

HTF 255 : CHAPTER 2 – MARKET SURVEY

PRELIMINARY STEPS
·         Two basic step in preparing market survey :
Ø  Establish the style and the type of foodservice operation or concept
Ø  Determine the community’s need for such a business establishment
AREAS OF ANALYSIS
·         The customer
Ø  Market or type of customer desired
Ø  Age group
Ø  Amount of disposable income
Ø  Food preferences
Ø  Social habits
Ø  Educational level
Ø  Religious orientation
Ø  Ethnic background
Ø  Predominant gender
Ø  Occupational background
Ø  Arrival pattern
Ø  Preferred days for dining out
·         The community
Ø  Growth rate
Ø  Availability of liquor licenses
Ø  Existence of competition
Ø  Public service provided
Ø  Requirements of the state Board of Health
Ø  Number of families
Ø  Potential for advertising
·         Other things to consider
Ø  Zoning
Ø  Area characteristics
Ø  Physical characteristics
Ø  Size, shape and costs
Ø  Streets and traffic information
Ø  Sales generator – civic centers, theaters and shopping malls can generate sales
Ø  Visibility
Ø  Parking

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