SlideShare a Scribd company logo
1 of 5
Business Description/Company History
Firm Analysis
Passport Bistro is part of the WKU Restaurant Group, under the
management of Aramark Corporation. Aramark is an
international company and first started working with WKU in
1997, providing food services and staff. They currently manage
twenty-five prepared food and grab-and-go locations on campus.
Passport Bistro is located on the first floor of the Honors
College and International Center which opened in fall 2015.
The restaurant opened for business November 3rd, 2015. The
menu has a variety of breakfast, lunch, and dessert options, as
well as a number of different coffee based beverages. Most of
the menu items are considered international cuisine. Passport
Bistro is open from the hours of 10:00AM-2:00PM Monday
through Friday and is closed on the weekends. They use two
employees per shift and operate in 1 shift per day increments.
The store is managed by Vedrana Forsythe who works under the
supervision of our contact Steve Hyong.
Industry Analysis
Aramark is part of the Food Service Contracting Industry in the
US (NAICS code # 722310). Food Service Contracting
companies provide food services at institutional, governmental,
commercial or industrial locations. Examples of services
locations include airports, food courts, college and university
cafeterias and recreation and sports venues. The industry
analysis that follows will focus on the college and university
dining.
In a study conducted and concluded September 2016, the
revenue growth rate from 2012-2017 was 2.0% and the
projectioned rate for 2017-2022 was 1.8%. Revenues were
consistently in the $40 billion range for the last 4 years. The
educational segment of the Food Service Contracting Industry is
expected to sustain slow grow due to increased enrollment rates
and increased cost of attendance. The most recent 2017
statistics on food service
Some current trends existing in the industry are a steady
consistent growth rate, as a whole in the maturity phase of its
life cycle, high concentration and competitive levels, high
turnover, and low profit margin. The industry exists in a highly
competitive environment which will only increase in level of
competition. The number of establishments within the industry
is expected to increase at a 2.9% average annual rate through
2022. This projected rate of establishment growth is slightly
higher than the rate of enterprise growth which indicates
existing operators (in our case, Aramark) will add locations at a
faster rate than new entrants will join the industry. Over this
same period employment within the industry is projected to
grow at an annualized 2.4%.
SWOT Analysis
After conducting industry research and meeting with Mr. Steve
Hoyng, RDM at Aramark, ABNT International Consulting team
constructed a SWOT analysis to analyze the strengths,
weaknesses, opportunities, and threats for WKU Dining’s
Passport Bistro location.
· Strengths
· Quality of Ingredients -- Passport Bistros’ food options
consist of higher quality of ingredients compared to that of
other restaurants’ on campus due to the lack of fried food and
oil based cooking.
· Nutritional Value -- Due to Passport Bistro using higher
quality ingredients as well as healthier cooking options,
Passport Bistros’ food tends to hold more nutritional value than
other campus dining options such as Popeyes, Steak n’ Shake,
or Papa Johns.
· Coffee Stand -- Passport Bistro is one of three of restaurants
on campus to offer specialty coffees in addition to regular
coffee as well as providing food options to the consumer.
· Quick Service/Short Lines -- Passport Bistro offers quick
service time as well as no more than 5-7 people in line,
compared to the sometimes 100+ at other locations on campus
· Atmosphere -- Passport Bistro offers one of the best
atmospheres on the entire campus. A consumer can sit down and
eat or drink coffee while they do work or just simply enjoy their
meal in an environment which feels almost private.
· Weaknesses
· Structural Limitations-- Due to the location of Passport Bistro,
they are restricted in a few ways. The first being due to the
space where the restaurant is located. They are unable to install
a large scale ventilation system, which would be used to remove
any smoke/odor/steam from cooking. This stops Passport Bistro
from adding any new food items into their menu that would
require extensive preparation. Not having this type of
ventilation system also means that any pungent or especially
fragrant foods permeate the rest of the building, which contains
many offices.Along with this, expansion of the dining area for
Passport Bistro is not a viable option, and the current seating
which can only hold around 20-25 students would not be enough
to accommodate even a quarter target goal of 325 customers per
day.
· Lack of Foot Traffic -- Most of the locations of the dining
services are based around “central hubs” on campus such as the
libraries, major dormitories, or campus operations buildings.
Passport Bistro is located in the Honors College and
International Center, which originally was planned to be much
larger and have many more classrooms and offices than it has.
This leads to very few students, faculty, or staff walking
through the building compared to other dining options.
· Lack of Diversity in Food Options -- The food offered by
Passport Bistro centers on gyro style foods, so if a consumer
does not like this style there is nothing Passport Bistro offers to
entice them into visiting the establishment.
· Opportunities
· Co-Branding -- Passport Bistro could attempt to merge brands
with a more established name in campus dining such as Da
Vinci’s or Einstein Bros. in order to try and attract a larger
customer base
· Product Differentiation -- Passport Bistro currently only sells
food products, they could try and expand their market by
introducing items such as WKU apparel and Merchandise to set
themselves apart from the competition.
· Raise Consumer Awareness -- Passport Bistro needs to to find
a way to make the more consumers aware of the restaurant itself
so they can increase their sales to a profitable level.
· Threats
· High Degree of Competition -- Being one of many restaurants
on campus, the market is highly competitive in terms of
consumers. There are a finite number of consumers deciding
where to eat.
· External Competition -- Along with the restaurants on campus
Passport Bistro also competes in some degree with restaurants
the consumer may choose to attend outside of campus dining
which would in turn cause them a loss of customers.
Owner Objectives
Currently, Passport Bistro’s daily sales levels are substantially
below expectations. In the Fall semester this location averaged
175 customer sales and in the Spring about 100 per day. The
number of sales required to break even would be approximately
300 per day, but the goal would be 400 per day. These goals are
based on the performance of Da Vinci’s restaurant, which is
approximately the same size and has the same kitchen
equipment but manages to attract a much larger number of
consumers through the use of branding and food differentiation.
Management of Passport Bistro would like to at the very least
break even.
Problems/Concerns
Passport Bistro management has requested strategic
recommendations to assist in increasing current sales. In
addition to increasing sales, they have requested any other
recommendations that would increase awareness of Passport
Bistro that would lead to continued growth. The consulting
group has concluded that there is also a problem with the way
that Passport Bistro is marketed and will be addressing that as
well. The overarching problem is the lack of customers per a
day needed to break-even on the business much less make a
profit.
Strategic Business Recommendations
The ABNT intends to help increase the number of sales through
use of a customer survey and develop a marketing plan aimed at
increasing foot traffic in the Honors College and International
Center. We also intend to conduct a feasibility study to
determine the costs and benefits of the continued operations
with our recommendations in mind. Based on the survey results
we will build our recommendations. These could be some of our
recommendations to Passport Bistro:
· Since ESLI moved to the International Building, their classes
start at 8:00 am but since Passport Bistro opens at 10:00 am
they are losing out on potential customers. Opening earlies
would be a chance to make more sales.
· Comparing to other restaurants on campus, very few people
recognize the restaurant because Passport Bistro has weak
social media advertising which most other restaurants do not
need because they have existing brand loyalty.
· Because Passport Bistro is not a recognizable brand they could
change it to one of the recognizable brands and along with that,
Passport Bistro should change their menu.
· We intend to find out if having a bus stop right outside the
HCIC would be warranted, to increase pedestrian traffic near
the restaurant.

More Related Content

Similar to Business DescriptionCompany HistoryFirm AnalysisPassport Bist.docx

Table of ContentsTable of Contents. 2Execu.docx
Table of ContentsTable of Contents. 2Execu.docxTable of ContentsTable of Contents. 2Execu.docx
Table of ContentsTable of Contents. 2Execu.docx
perryk1
 
Marketing project
Marketing projectMarketing project
Marketing project
Sonu Ninan
 

Similar to Business DescriptionCompany HistoryFirm AnalysisPassport Bist.docx (20)

McDonald vs Frichicks (case-study) Br
McDonald vs Frichicks (case-study) BrMcDonald vs Frichicks (case-study) Br
McDonald vs Frichicks (case-study) Br
 
Business Management Proposal-Esperanto
Business Management Proposal-EsperantoBusiness Management Proposal-Esperanto
Business Management Proposal-Esperanto
 
Table of ContentsTable of Contents. 2Execu.docx
Table of ContentsTable of Contents. 2Execu.docxTable of ContentsTable of Contents. 2Execu.docx
Table of ContentsTable of Contents. 2Execu.docx
 
The business plan[2]
The business plan[2]The business plan[2]
The business plan[2]
 
Revive Business Plan 2015 Final
Revive Business Plan 2015 FinalRevive Business Plan 2015 Final
Revive Business Plan 2015 Final
 
Sfofr module 1 online
Sfofr module 1 onlineSfofr module 1 online
Sfofr module 1 online
 
Sample student marketing_plan_-_bagels_b
Sample student marketing_plan_-_bagels_bSample student marketing_plan_-_bagels_b
Sample student marketing_plan_-_bagels_b
 
Case Subway.docx
Case Subway.docxCase Subway.docx
Case Subway.docx
 
Case Subway.docx
Case Subway.docxCase Subway.docx
Case Subway.docx
 
Restaurant business plan v1562159535406
Restaurant business plan v1562159535406Restaurant business plan v1562159535406
Restaurant business plan v1562159535406
 
Sfofr module 1 powerpoint
Sfofr module 1 powerpointSfofr module 1 powerpoint
Sfofr module 1 powerpoint
 
Marketing project
Marketing projectMarketing project
Marketing project
 
Marketing project
Marketing projectMarketing project
Marketing project
 
Ceadmehranuniverstyofengineeringtechnology 131208034407-phpapp02
Ceadmehranuniverstyofengineeringtechnology 131208034407-phpapp02Ceadmehranuniverstyofengineeringtechnology 131208034407-phpapp02
Ceadmehranuniverstyofengineeringtechnology 131208034407-phpapp02
 
ppt_research@defense.pptx
ppt_research@defense.pptxppt_research@defense.pptx
ppt_research@defense.pptx
 
Hetal b'ss plan
Hetal b'ss planHetal b'ss plan
Hetal b'ss plan
 
Business Proposal & Proof of Concept for a Restaurant for a Leading Shopping ...
Business Proposal & Proof of Concept for a Restaurant for a Leading Shopping ...Business Proposal & Proof of Concept for a Restaurant for a Leading Shopping ...
Business Proposal & Proof of Concept for a Restaurant for a Leading Shopping ...
 
Juice n bowls restaurant
Juice n bowls restaurantJuice n bowls restaurant
Juice n bowls restaurant
 
Restaurant
RestaurantRestaurant
Restaurant
 
Sfofr module 2 online
Sfofr module 2 onlineSfofr module 2 online
Sfofr module 2 online
 

More from RAHUL126667

Applying the Four Principles Case StudyPart 1 Chart (60 points)B.docx
Applying the Four Principles Case StudyPart 1 Chart (60 points)B.docxApplying the Four Principles Case StudyPart 1 Chart (60 points)B.docx
Applying the Four Principles Case StudyPart 1 Chart (60 points)B.docx
RAHUL126667
 
APPLYING ANALYTIC TECHNIQUES TO BUSINESS1APPLYING ANALYTIC T.docx
APPLYING ANALYTIC TECHNIQUES TO BUSINESS1APPLYING ANALYTIC T.docxAPPLYING ANALYTIC TECHNIQUES TO BUSINESS1APPLYING ANALYTIC T.docx
APPLYING ANALYTIC TECHNIQUES TO BUSINESS1APPLYING ANALYTIC T.docx
RAHUL126667
 
Application of Standards of CareDiscuss the standard(s) of c.docx
Application of Standards of CareDiscuss the standard(s) of c.docxApplication of Standards of CareDiscuss the standard(s) of c.docx
Application of Standards of CareDiscuss the standard(s) of c.docx
RAHUL126667
 
Application of the Nursing Process to Deliver Culturally Compe.docx
Application of the Nursing Process to Deliver Culturally Compe.docxApplication of the Nursing Process to Deliver Culturally Compe.docx
Application of the Nursing Process to Deliver Culturally Compe.docx
RAHUL126667
 
Application Ware House-Application DesignAppointyAppoi.docx
Application Ware House-Application DesignAppointyAppoi.docxApplication Ware House-Application DesignAppointyAppoi.docx
Application Ware House-Application DesignAppointyAppoi.docx
RAHUL126667
 
Applied Psycholinguistics 31 (2010), 413–438doi10.1017S014.docx
Applied Psycholinguistics 31 (2010), 413–438doi10.1017S014.docxApplied Psycholinguistics 31 (2010), 413–438doi10.1017S014.docx
Applied Psycholinguistics 31 (2010), 413–438doi10.1017S014.docx
RAHUL126667
 
Appliance Warehouse Service Plan.The discussion focuses on the.docx
Appliance Warehouse Service Plan.The discussion focuses on the.docxAppliance Warehouse Service Plan.The discussion focuses on the.docx
Appliance Warehouse Service Plan.The discussion focuses on the.docx
RAHUL126667
 
Ape and Human Cognition What’s theDifferenceMichael To.docx
Ape and Human Cognition What’s theDifferenceMichael To.docxApe and Human Cognition What’s theDifferenceMichael To.docx
Ape and Human Cognition What’s theDifferenceMichael To.docx
RAHUL126667
 
APA formatCite 2 peer-reviewed reference175-265 word count.docx
APA formatCite 2 peer-reviewed reference175-265 word count.docxAPA formatCite 2 peer-reviewed reference175-265 word count.docx
APA formatCite 2 peer-reviewed reference175-265 word count.docx
RAHUL126667
 

More from RAHUL126667 (20)

Applying the Four Principles Case StudyPart 1 Chart (60 points)B.docx
Applying the Four Principles Case StudyPart 1 Chart (60 points)B.docxApplying the Four Principles Case StudyPart 1 Chart (60 points)B.docx
Applying the Four Principles Case StudyPart 1 Chart (60 points)B.docx
 
APPLYING ANALYTIC TECHNIQUES TO BUSINESS1APPLYING ANALYTIC T.docx
APPLYING ANALYTIC TECHNIQUES TO BUSINESS1APPLYING ANALYTIC T.docxAPPLYING ANALYTIC TECHNIQUES TO BUSINESS1APPLYING ANALYTIC T.docx
APPLYING ANALYTIC TECHNIQUES TO BUSINESS1APPLYING ANALYTIC T.docx
 
Apply the general overview of court structure in the United States (.docx
Apply the general overview of court structure in the United States (.docxApply the general overview of court structure in the United States (.docx
Apply the general overview of court structure in the United States (.docx
 
Apply the Paramedic Method to the following five selections.docx
Apply the Paramedic Method to the following five selections.docxApply the Paramedic Method to the following five selections.docx
Apply the Paramedic Method to the following five selections.docx
 
Application of Standards of CareDiscuss the standard(s) of c.docx
Application of Standards of CareDiscuss the standard(s) of c.docxApplication of Standards of CareDiscuss the standard(s) of c.docx
Application of Standards of CareDiscuss the standard(s) of c.docx
 
Application of the Nursing Process to Deliver Culturally Compe.docx
Application of the Nursing Process to Deliver Culturally Compe.docxApplication of the Nursing Process to Deliver Culturally Compe.docx
Application of the Nursing Process to Deliver Culturally Compe.docx
 
Application Ware House-Application DesignAppointyAppoi.docx
Application Ware House-Application DesignAppointyAppoi.docxApplication Ware House-Application DesignAppointyAppoi.docx
Application Ware House-Application DesignAppointyAppoi.docx
 
Applied Psycholinguistics 31 (2010), 413–438doi10.1017S014.docx
Applied Psycholinguistics 31 (2010), 413–438doi10.1017S014.docxApplied Psycholinguistics 31 (2010), 413–438doi10.1017S014.docx
Applied Psycholinguistics 31 (2010), 413–438doi10.1017S014.docx
 
Application of the Belmont PrinciplesFirst, identify your .docx
Application of the Belmont PrinciplesFirst, identify your .docxApplication of the Belmont PrinciplesFirst, identify your .docx
Application of the Belmont PrinciplesFirst, identify your .docx
 
APPLE is only one of the multiple companies that have approved and d.docx
APPLE is only one of the multiple companies that have approved and d.docxAPPLE is only one of the multiple companies that have approved and d.docx
APPLE is only one of the multiple companies that have approved and d.docx
 
Appliance Warehouse Service Plan.The discussion focuses on the.docx
Appliance Warehouse Service Plan.The discussion focuses on the.docxAppliance Warehouse Service Plan.The discussion focuses on the.docx
Appliance Warehouse Service Plan.The discussion focuses on the.docx
 
Applicants must submit a 500 essay describing how current or future .docx
Applicants must submit a 500 essay describing how current or future .docxApplicants must submit a 500 essay describing how current or future .docx
Applicants must submit a 500 essay describing how current or future .docx
 
Apple Inc., Microsoft Corp., Berkshire Hathaway, and Facebook ha.docx
Apple Inc., Microsoft Corp., Berkshire Hathaway, and Facebook ha.docxApple Inc., Microsoft Corp., Berkshire Hathaway, and Facebook ha.docx
Apple Inc., Microsoft Corp., Berkshire Hathaway, and Facebook ha.docx
 
Appcelerator Titanium was released in December 2008, and has been st.docx
Appcelerator Titanium was released in December 2008, and has been st.docxAppcelerator Titanium was released in December 2008, and has been st.docx
Appcelerator Titanium was released in December 2008, and has been st.docx
 
APA Style300 words per topic2 peer reviewed resources per to.docx
APA Style300 words per topic2 peer reviewed resources per to.docxAPA Style300 words per topic2 peer reviewed resources per to.docx
APA Style300 words per topic2 peer reviewed resources per to.docx
 
Ape and Human Cognition What’s theDifferenceMichael To.docx
Ape and Human Cognition What’s theDifferenceMichael To.docxApe and Human Cognition What’s theDifferenceMichael To.docx
Ape and Human Cognition What’s theDifferenceMichael To.docx
 
Apply what you have learned about Health Promotion and Disease P.docx
Apply what you have learned about Health Promotion and Disease P.docxApply what you have learned about Health Promotion and Disease P.docx
Apply what you have learned about Health Promotion and Disease P.docx
 
APA formatCite there peer-reviewed, scholarly references300 .docx
APA formatCite there peer-reviewed, scholarly references300 .docxAPA formatCite there peer-reviewed, scholarly references300 .docx
APA formatCite there peer-reviewed, scholarly references300 .docx
 
APA formatCite 2 peer-reviewed reference175-265 word count.docx
APA formatCite 2 peer-reviewed reference175-265 word count.docxAPA formatCite 2 peer-reviewed reference175-265 word count.docx
APA formatCite 2 peer-reviewed reference175-265 word count.docx
 
APA formatCite at least 1 referenceWrite a 175- to 265-w.docx
APA formatCite at least 1 referenceWrite a 175- to 265-w.docxAPA formatCite at least 1 referenceWrite a 175- to 265-w.docx
APA formatCite at least 1 referenceWrite a 175- to 265-w.docx
 

Recently uploaded

會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽
會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽
會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽
中 央社
 

Recently uploaded (20)

Mattingly "AI & Prompt Design: Named Entity Recognition"
Mattingly "AI & Prompt Design: Named Entity Recognition"Mattingly "AI & Prompt Design: Named Entity Recognition"
Mattingly "AI & Prompt Design: Named Entity Recognition"
 
Graduate Outcomes Presentation Slides - English (v3).pptx
Graduate Outcomes Presentation Slides - English (v3).pptxGraduate Outcomes Presentation Slides - English (v3).pptx
Graduate Outcomes Presentation Slides - English (v3).pptx
 
VAMOS CUIDAR DO NOSSO PLANETA! .
VAMOS CUIDAR DO NOSSO PLANETA!                    .VAMOS CUIDAR DO NOSSO PLANETA!                    .
VAMOS CUIDAR DO NOSSO PLANETA! .
 
How to Send Pro Forma Invoice to Your Customers in Odoo 17
How to Send Pro Forma Invoice to Your Customers in Odoo 17How to Send Pro Forma Invoice to Your Customers in Odoo 17
How to Send Pro Forma Invoice to Your Customers in Odoo 17
 
Supporting Newcomer Multilingual Learners
Supporting Newcomer  Multilingual LearnersSupporting Newcomer  Multilingual Learners
Supporting Newcomer Multilingual Learners
 
The Story of Village Palampur Class 9 Free Study Material PDF
The Story of Village Palampur Class 9 Free Study Material PDFThe Story of Village Palampur Class 9 Free Study Material PDF
The Story of Village Palampur Class 9 Free Study Material PDF
 
Trauma-Informed Leadership - Five Practical Principles
Trauma-Informed Leadership - Five Practical PrinciplesTrauma-Informed Leadership - Five Practical Principles
Trauma-Informed Leadership - Five Practical Principles
 
An overview of the various scriptures in Hinduism
An overview of the various scriptures in HinduismAn overview of the various scriptures in Hinduism
An overview of the various scriptures in Hinduism
 
24 ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH SỞ GIÁO DỤC HẢI DƯ...
24 ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH SỞ GIÁO DỤC HẢI DƯ...24 ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH SỞ GIÁO DỤC HẢI DƯ...
24 ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH SỞ GIÁO DỤC HẢI DƯ...
 
ESSENTIAL of (CS/IT/IS) class 07 (Networks)
ESSENTIAL of (CS/IT/IS) class 07 (Networks)ESSENTIAL of (CS/IT/IS) class 07 (Networks)
ESSENTIAL of (CS/IT/IS) class 07 (Networks)
 
An Overview of the Odoo 17 Knowledge App
An Overview of the Odoo 17 Knowledge AppAn Overview of the Odoo 17 Knowledge App
An Overview of the Odoo 17 Knowledge App
 
AIM of Education-Teachers Training-2024.ppt
AIM of Education-Teachers Training-2024.pptAIM of Education-Teachers Training-2024.ppt
AIM of Education-Teachers Training-2024.ppt
 
male presentation...pdf.................
male presentation...pdf.................male presentation...pdf.................
male presentation...pdf.................
 
MOOD STABLIZERS DRUGS.pptx
MOOD     STABLIZERS           DRUGS.pptxMOOD     STABLIZERS           DRUGS.pptx
MOOD STABLIZERS DRUGS.pptx
 
UChicago CMSC 23320 - The Best Commit Messages of 2024
UChicago CMSC 23320 - The Best Commit Messages of 2024UChicago CMSC 23320 - The Best Commit Messages of 2024
UChicago CMSC 23320 - The Best Commit Messages of 2024
 
會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽
會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽
會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽
 
ANTI PARKISON DRUGS.pptx
ANTI         PARKISON          DRUGS.pptxANTI         PARKISON          DRUGS.pptx
ANTI PARKISON DRUGS.pptx
 
Sternal Fractures & Dislocations - EMGuidewire Radiology Reading Room
Sternal Fractures & Dislocations - EMGuidewire Radiology Reading RoomSternal Fractures & Dislocations - EMGuidewire Radiology Reading Room
Sternal Fractures & Dislocations - EMGuidewire Radiology Reading Room
 
PSYPACT- Practicing Over State Lines May 2024.pptx
PSYPACT- Practicing Over State Lines May 2024.pptxPSYPACT- Practicing Over State Lines May 2024.pptx
PSYPACT- Practicing Over State Lines May 2024.pptx
 
e-Sealing at EADTU by Kamakshi Rajagopal
e-Sealing at EADTU by Kamakshi Rajagopale-Sealing at EADTU by Kamakshi Rajagopal
e-Sealing at EADTU by Kamakshi Rajagopal
 

Business DescriptionCompany HistoryFirm AnalysisPassport Bist.docx

  • 1. Business Description/Company History Firm Analysis Passport Bistro is part of the WKU Restaurant Group, under the management of Aramark Corporation. Aramark is an international company and first started working with WKU in 1997, providing food services and staff. They currently manage twenty-five prepared food and grab-and-go locations on campus. Passport Bistro is located on the first floor of the Honors College and International Center which opened in fall 2015. The restaurant opened for business November 3rd, 2015. The menu has a variety of breakfast, lunch, and dessert options, as well as a number of different coffee based beverages. Most of the menu items are considered international cuisine. Passport Bistro is open from the hours of 10:00AM-2:00PM Monday through Friday and is closed on the weekends. They use two employees per shift and operate in 1 shift per day increments. The store is managed by Vedrana Forsythe who works under the supervision of our contact Steve Hyong. Industry Analysis Aramark is part of the Food Service Contracting Industry in the US (NAICS code # 722310). Food Service Contracting companies provide food services at institutional, governmental, commercial or industrial locations. Examples of services locations include airports, food courts, college and university cafeterias and recreation and sports venues. The industry analysis that follows will focus on the college and university dining. In a study conducted and concluded September 2016, the revenue growth rate from 2012-2017 was 2.0% and the projectioned rate for 2017-2022 was 1.8%. Revenues were consistently in the $40 billion range for the last 4 years. The educational segment of the Food Service Contracting Industry is expected to sustain slow grow due to increased enrollment rates and increased cost of attendance. The most recent 2017
  • 2. statistics on food service Some current trends existing in the industry are a steady consistent growth rate, as a whole in the maturity phase of its life cycle, high concentration and competitive levels, high turnover, and low profit margin. The industry exists in a highly competitive environment which will only increase in level of competition. The number of establishments within the industry is expected to increase at a 2.9% average annual rate through 2022. This projected rate of establishment growth is slightly higher than the rate of enterprise growth which indicates existing operators (in our case, Aramark) will add locations at a faster rate than new entrants will join the industry. Over this same period employment within the industry is projected to grow at an annualized 2.4%. SWOT Analysis After conducting industry research and meeting with Mr. Steve Hoyng, RDM at Aramark, ABNT International Consulting team constructed a SWOT analysis to analyze the strengths, weaknesses, opportunities, and threats for WKU Dining’s Passport Bistro location. · Strengths · Quality of Ingredients -- Passport Bistros’ food options consist of higher quality of ingredients compared to that of other restaurants’ on campus due to the lack of fried food and oil based cooking. · Nutritional Value -- Due to Passport Bistro using higher quality ingredients as well as healthier cooking options, Passport Bistros’ food tends to hold more nutritional value than other campus dining options such as Popeyes, Steak n’ Shake, or Papa Johns. · Coffee Stand -- Passport Bistro is one of three of restaurants on campus to offer specialty coffees in addition to regular coffee as well as providing food options to the consumer. · Quick Service/Short Lines -- Passport Bistro offers quick service time as well as no more than 5-7 people in line, compared to the sometimes 100+ at other locations on campus
  • 3. · Atmosphere -- Passport Bistro offers one of the best atmospheres on the entire campus. A consumer can sit down and eat or drink coffee while they do work or just simply enjoy their meal in an environment which feels almost private. · Weaknesses · Structural Limitations-- Due to the location of Passport Bistro, they are restricted in a few ways. The first being due to the space where the restaurant is located. They are unable to install a large scale ventilation system, which would be used to remove any smoke/odor/steam from cooking. This stops Passport Bistro from adding any new food items into their menu that would require extensive preparation. Not having this type of ventilation system also means that any pungent or especially fragrant foods permeate the rest of the building, which contains many offices.Along with this, expansion of the dining area for Passport Bistro is not a viable option, and the current seating which can only hold around 20-25 students would not be enough to accommodate even a quarter target goal of 325 customers per day. · Lack of Foot Traffic -- Most of the locations of the dining services are based around “central hubs” on campus such as the libraries, major dormitories, or campus operations buildings. Passport Bistro is located in the Honors College and International Center, which originally was planned to be much larger and have many more classrooms and offices than it has. This leads to very few students, faculty, or staff walking through the building compared to other dining options. · Lack of Diversity in Food Options -- The food offered by Passport Bistro centers on gyro style foods, so if a consumer does not like this style there is nothing Passport Bistro offers to entice them into visiting the establishment. · Opportunities · Co-Branding -- Passport Bistro could attempt to merge brands with a more established name in campus dining such as Da Vinci’s or Einstein Bros. in order to try and attract a larger customer base
  • 4. · Product Differentiation -- Passport Bistro currently only sells food products, they could try and expand their market by introducing items such as WKU apparel and Merchandise to set themselves apart from the competition. · Raise Consumer Awareness -- Passport Bistro needs to to find a way to make the more consumers aware of the restaurant itself so they can increase their sales to a profitable level. · Threats · High Degree of Competition -- Being one of many restaurants on campus, the market is highly competitive in terms of consumers. There are a finite number of consumers deciding where to eat. · External Competition -- Along with the restaurants on campus Passport Bistro also competes in some degree with restaurants the consumer may choose to attend outside of campus dining which would in turn cause them a loss of customers. Owner Objectives Currently, Passport Bistro’s daily sales levels are substantially below expectations. In the Fall semester this location averaged 175 customer sales and in the Spring about 100 per day. The number of sales required to break even would be approximately 300 per day, but the goal would be 400 per day. These goals are based on the performance of Da Vinci’s restaurant, which is approximately the same size and has the same kitchen equipment but manages to attract a much larger number of consumers through the use of branding and food differentiation. Management of Passport Bistro would like to at the very least break even. Problems/Concerns Passport Bistro management has requested strategic recommendations to assist in increasing current sales. In addition to increasing sales, they have requested any other recommendations that would increase awareness of Passport Bistro that would lead to continued growth. The consulting group has concluded that there is also a problem with the way that Passport Bistro is marketed and will be addressing that as
  • 5. well. The overarching problem is the lack of customers per a day needed to break-even on the business much less make a profit. Strategic Business Recommendations The ABNT intends to help increase the number of sales through use of a customer survey and develop a marketing plan aimed at increasing foot traffic in the Honors College and International Center. We also intend to conduct a feasibility study to determine the costs and benefits of the continued operations with our recommendations in mind. Based on the survey results we will build our recommendations. These could be some of our recommendations to Passport Bistro: · Since ESLI moved to the International Building, their classes start at 8:00 am but since Passport Bistro opens at 10:00 am they are losing out on potential customers. Opening earlies would be a chance to make more sales. · Comparing to other restaurants on campus, very few people recognize the restaurant because Passport Bistro has weak social media advertising which most other restaurants do not need because they have existing brand loyalty. · Because Passport Bistro is not a recognizable brand they could change it to one of the recognizable brands and along with that, Passport Bistro should change their menu. · We intend to find out if having a bus stop right outside the HCIC would be warranted, to increase pedestrian traffic near the restaurant.