BARSTERS
TEO VI VIEN
HIRENDRAN
SIVAGANAM
JACQUELYN VANESSA
CHONG ZHAO LUN
TEO KUO CHIEN
NG KIM WING
CHOO ZI ZHAO
JONATHAN LIM
WE DRINK
WE CHILL
WE PARTY
REPEAT!!
BARS
BAR CHOOSEN
LUNA BAR IN KUALA
LUMPUR
BAR CHOOSEN
HONG KONG BAR IN
PENANG
DESCRIPTION OF THE BUSINESSES
HONG KONG BAR IN PENANG
FOUNDER
MR. TAN CHO KHEN
AND MDM. YEOH SZE
HOON
CURRENT
MS. JENNY
1980
LOCATION
HONG KONG BAR IN
PENANG
● Located off Chulia
Street in George
Town, Penang.
● 5 minutes walk
from Continental
Hotel
● Classic rustic ambiance
● The Hong Kong Bar is ran
by the Tan siblings, Mr.
Peter Tan and Ms Jenny
Tan occasionally with the
help of a part time
employee
● Serves a wide variety of
alcoholic beverages as well
as non-alcoholic beverages.
HONG KONG BAR, PENANG
They have a wide variety of customers, mainly foreigners from different countries like Australia, United Kingdom, United States
of America, and New Zealand.
They have a wide variety of
customers, mainly foreigners
from different countries.
- Australia
-United Kingdom
-United States of America
- New Zealand
● Very competitive especially with
bars along the same road.
● The Hong Kong Bar has the
benefit of legacy and old
reputation to bring in customers.
● It’s walls are decorated with
photos, articles, badges, trinkets
and plates.
LUNA BAR IN KUALA LUMPUR
FOUNDER
MR. LIM KWONG
HING
CURRENTLY
MR. ROSLAN
2004
LOCATION
LUNA BAR IN KUALA
LUMPUR
● Founded in 2004 - Mr. Lim Kwong
Hing
● 1st rooftop bar in Kuala Lumpur (On
Pacific Regency hotel’s 34th floor)
● Serves drinks and food
● Has a fine-dining restaurant -
Cristallo di Luna
● View of Petronas Twin Towers and
the Kuala Lumpur Tower can be
seen
● Interior - DJ booth, indoor swimming
pool
LUNA BAR, KUALA
LUMPUR
HISTORY
HONG KONG BAR IN
PENANG
HONG KONG BAR
:Discover in year 1980 in Penang
:Founder Mr Tan Cho Khen and Mdm Yeoh Sze
Hoon
:Burn down in year 2004
: History tradition in this bar. The military badges
gLUNA BAR
:Discover in 2004
: Founder by Mr Lim Kwong Hing
: Popular since year of establish
: Additional of fusion restaurant
: Well-known in tourism destination
BAR ANALYSIS
BAR ANALYSIS( HONG KONG BAR )
-Hong Kong Bar is an old
fashioned bar.
-They promote in a way of
friendly and patient
service.
Top 3 Competitors
Reggae Bar Coco Island Bar Gwen
Houze Bar
BAR ANALYSIS( LUNA BAR )
-Lunar Bar a modern bar.
-They are promoted in way of discount,
free drink, enjoyable environment.
Top 3 Competitors
Marini’s On 57 Bar Airy And Sexy Sky Bar Mai Bar
SUSTAINABILITY
SUSTAINABILITY (HONG KONG BAR)
- Hong kong bar survived in
this field about 30 years ago.
-Price of drinks is very fair and
no
extra charge.
-Hong kong bar is a Classic
bar and is famous for their
friendly service.
SUSTAINABILITY (HONG KONG BAR)
- Popular among the dispatched
soldiers.
-Wall fully hung with metal
badges.
-Hong kong bar is located heart
of the city.
SUSTAINABILITY (HONG KONG BAR)
-Owner will take pictures of
visitors and sign their
autographs in a photobook.
- Run an honest, simple ,
Penang homely treatment
-Opening hour start from
morning until
midnight.
The photos of visitors
SUSTAINABILITY (LUNA BAR)
- The stylish and trendy setting of
the bar is popular amongst the
younger generation.
-Besides that, Luna bar is located at
the rooftop of Pacific Regency hotel
where hotel guests can
enjoy a few drinks during their visit
to the hotel.
SUSTAINABILITY (LUNA BAR)
-Promote by offering discounts
and an enjoyable atmosphere.
- A fusion concept fine dining
restaurant, Cristallo di Luna, is
located just next to the open air
bar for customers to dine-in.
SUSTAINABILITY (LUNA BAR)
- invites famous DJ to spin , magicians
and so on.
-having a lot of events such as gold
party, white
bikini party.
- offering 360 views of of the Twin
Towers, and
occasionally a number of local
celebrities.
STUNNING VIEWS OF LUNA BAR
COMPARISON
COMPARISON
Location Heart of the city
Target Customers Foreigners
Motives Provide a comfortable setting for
customers to enjoy a drink
Transportation Travel by car
Type of beverage alcoholic and non alcoholic drinks
SIMILARITIES
Differences Hong Kong Bar Luna Bar
Food
services
Provides alcoholic and non
alcoholic drinks
Provide fine-dining food, snacks,
alcoholic and non alcoholic drinks
Music
system
Does not have a music
system installed in the bar
Have a good music system
installed in the bar. (Also has a DJ
booth for invited DJs to spin on
the turntable.)
Interior
design
Has a rustic interior design
with faded walls
Has a modern interior design filled
with classy equipment and fancy
furnitures
DIFFERENCES HONG KONG BAR LUNA BAR
Entertainment Does not provide any
entertainment for
guests
Provides a swimming pool for guests, as well
as a stage and DJ booth that will be used
during events by performers
Space Very cramped with
seats along the bar
counter
Very spacious and there is a wide walkway for
guests to walk through and sofas surrounding
the swimming pool
Number of Staff Only have 1 to 2 staff
members, which are
the owners of the bar
Have more than 20 staff members that are
divided into different jobs and responsibilities
Price of product Cheaper More expensive
WHO IS MORE
COMMERCIALLY
SUCCESSFUL?
LUNA BAR!
NUMBER OF CUSTOMERS
SPACE OF INTERIOR
PROFIT GAINED
BARRIERS TO ENTRY
❖ It is relatively difficult to be recognized in this industry
for beginners that have to start from scratch.
❖ Reason is because they will face many obstacles
➔LARGE CAPITAL
A large sum of money is needed to start a goods producing
business.
Needed to pay for assets such as:
❖ Space Rental
❖ Bar Equipment
➔UNIQUENESS
A bar has to be UNIQUE and
EXTRAORDINARY
to attract customers.
❖ Has to exceed other competitors attractions.
❖ May cost more money (location,
decorations)
➔ LOCATION, LOCATION, LOCATION
Location of the bar is very crucial.
Importance of location:
❖ Domestic environment
❖ Economic environment
➔AMBIANCE
❖ Must provide an
entertaining ambiance.
❖ Failure to accomplish this
mood will result in a bad
business.
MONOPOLISTIC COMPETITIVE
➢Is a market structure where many
businesses sell products that are similar
BUT NOT IDENTICAL.
➔CHARACTERISTICS OF A
MONOPOLISTIC COMPETITION
❖ Many producers and consumers in the market
❖ No business has total control over the market price
❖ No interaction between firms
BOTH THESE BARS HAVE MONOPOLISTIC
COMPETITIVE CHARACTERISTICS
HONG KONG BAR
PENANG
LUNA BAR
KL
STRATEGIES
❖ Set the prices of their products based on the demand curve
❖ Products are priced so that customers will continue purchasing their
products.
❖ They use major advertising such as promotions and events.
Recommendation
Hot Environment in the bar
Customers prefer a place
complete with air-conditioning
Recommendation (Hong Kong Bar)
Recommendation (Hong Kong Bar)
Need to upgrade from
current look
Renovate to a more
modern style.
Recommendation (Hong Kong Bar)
Regularity of drinks available in
the menu
Adding more new drinks to the menu
Recommendation (Hong Kong Bar)
Lack of staff in the bar
Hire more staff
Recommendation (Luna Bar)
Lack of seats available
Increase the number of
seats for the customers
Recommendation (Luna Bar)
Poor sound system
Invest in a good quality
sound system
Recommendation (Luna Bar)
Drinks are too pricey
Reduce the price of the drinks

English presentation slide123

  • 2.
    BARSTERS TEO VI VIEN HIRENDRAN SIVAGANAM JACQUELYNVANESSA CHONG ZHAO LUN TEO KUO CHIEN NG KIM WING CHOO ZI ZHAO JONATHAN LIM
  • 3.
    WE DRINK WE CHILL WEPARTY REPEAT!! BARS
  • 4.
    BAR CHOOSEN LUNA BARIN KUALA LUMPUR
  • 6.
    BAR CHOOSEN HONG KONGBAR IN PENANG
  • 8.
  • 9.
    HONG KONG BARIN PENANG FOUNDER MR. TAN CHO KHEN AND MDM. YEOH SZE HOON CURRENT MS. JENNY 1980
  • 10.
    LOCATION HONG KONG BARIN PENANG ● Located off Chulia Street in George Town, Penang. ● 5 minutes walk from Continental Hotel
  • 11.
    ● Classic rusticambiance ● The Hong Kong Bar is ran by the Tan siblings, Mr. Peter Tan and Ms Jenny Tan occasionally with the help of a part time employee ● Serves a wide variety of alcoholic beverages as well as non-alcoholic beverages. HONG KONG BAR, PENANG
  • 12.
    They have awide variety of customers, mainly foreigners from different countries like Australia, United Kingdom, United States of America, and New Zealand. They have a wide variety of customers, mainly foreigners from different countries. - Australia -United Kingdom -United States of America - New Zealand
  • 13.
    ● Very competitiveespecially with bars along the same road. ● The Hong Kong Bar has the benefit of legacy and old reputation to bring in customers. ● It’s walls are decorated with photos, articles, badges, trinkets and plates.
  • 14.
    LUNA BAR INKUALA LUMPUR FOUNDER MR. LIM KWONG HING CURRENTLY MR. ROSLAN 2004
  • 15.
  • 16.
    ● Founded in2004 - Mr. Lim Kwong Hing ● 1st rooftop bar in Kuala Lumpur (On Pacific Regency hotel’s 34th floor) ● Serves drinks and food ● Has a fine-dining restaurant - Cristallo di Luna ● View of Petronas Twin Towers and the Kuala Lumpur Tower can be seen ● Interior - DJ booth, indoor swimming pool LUNA BAR, KUALA LUMPUR
  • 18.
    HISTORY HONG KONG BARIN PENANG HONG KONG BAR
  • 19.
    :Discover in year1980 in Penang :Founder Mr Tan Cho Khen and Mdm Yeoh Sze Hoon :Burn down in year 2004 : History tradition in this bar. The military badges
  • 20.
  • 21.
    :Discover in 2004 :Founder by Mr Lim Kwong Hing : Popular since year of establish : Additional of fusion restaurant : Well-known in tourism destination
  • 22.
  • 23.
    BAR ANALYSIS( HONGKONG BAR ) -Hong Kong Bar is an old fashioned bar. -They promote in a way of friendly and patient service.
  • 24.
    Top 3 Competitors ReggaeBar Coco Island Bar Gwen Houze Bar
  • 25.
    BAR ANALYSIS( LUNABAR ) -Lunar Bar a modern bar. -They are promoted in way of discount, free drink, enjoyable environment.
  • 26.
    Top 3 Competitors Marini’sOn 57 Bar Airy And Sexy Sky Bar Mai Bar
  • 27.
  • 28.
    SUSTAINABILITY (HONG KONGBAR) - Hong kong bar survived in this field about 30 years ago. -Price of drinks is very fair and no extra charge. -Hong kong bar is a Classic bar and is famous for their friendly service.
  • 29.
    SUSTAINABILITY (HONG KONGBAR) - Popular among the dispatched soldiers. -Wall fully hung with metal badges. -Hong kong bar is located heart of the city.
  • 30.
    SUSTAINABILITY (HONG KONGBAR) -Owner will take pictures of visitors and sign their autographs in a photobook. - Run an honest, simple , Penang homely treatment -Opening hour start from morning until midnight.
  • 31.
    The photos ofvisitors
  • 32.
    SUSTAINABILITY (LUNA BAR) -The stylish and trendy setting of the bar is popular amongst the younger generation. -Besides that, Luna bar is located at the rooftop of Pacific Regency hotel where hotel guests can enjoy a few drinks during their visit to the hotel.
  • 33.
    SUSTAINABILITY (LUNA BAR) -Promoteby offering discounts and an enjoyable atmosphere. - A fusion concept fine dining restaurant, Cristallo di Luna, is located just next to the open air bar for customers to dine-in.
  • 34.
    SUSTAINABILITY (LUNA BAR) -invites famous DJ to spin , magicians and so on. -having a lot of events such as gold party, white bikini party. - offering 360 views of of the Twin Towers, and occasionally a number of local celebrities.
  • 35.
  • 36.
  • 37.
    COMPARISON Location Heart ofthe city Target Customers Foreigners Motives Provide a comfortable setting for customers to enjoy a drink Transportation Travel by car Type of beverage alcoholic and non alcoholic drinks SIMILARITIES
  • 38.
    Differences Hong KongBar Luna Bar Food services Provides alcoholic and non alcoholic drinks Provide fine-dining food, snacks, alcoholic and non alcoholic drinks Music system Does not have a music system installed in the bar Have a good music system installed in the bar. (Also has a DJ booth for invited DJs to spin on the turntable.) Interior design Has a rustic interior design with faded walls Has a modern interior design filled with classy equipment and fancy furnitures
  • 39.
    DIFFERENCES HONG KONGBAR LUNA BAR Entertainment Does not provide any entertainment for guests Provides a swimming pool for guests, as well as a stage and DJ booth that will be used during events by performers Space Very cramped with seats along the bar counter Very spacious and there is a wide walkway for guests to walk through and sofas surrounding the swimming pool Number of Staff Only have 1 to 2 staff members, which are the owners of the bar Have more than 20 staff members that are divided into different jobs and responsibilities Price of product Cheaper More expensive
  • 40.
  • 41.
    LUNA BAR! NUMBER OFCUSTOMERS SPACE OF INTERIOR PROFIT GAINED
  • 42.
    BARRIERS TO ENTRY ❖It is relatively difficult to be recognized in this industry for beginners that have to start from scratch. ❖ Reason is because they will face many obstacles
  • 43.
    ➔LARGE CAPITAL A largesum of money is needed to start a goods producing business. Needed to pay for assets such as: ❖ Space Rental ❖ Bar Equipment
  • 44.
    ➔UNIQUENESS A bar hasto be UNIQUE and EXTRAORDINARY to attract customers. ❖ Has to exceed other competitors attractions. ❖ May cost more money (location, decorations)
  • 45.
    ➔ LOCATION, LOCATION,LOCATION Location of the bar is very crucial. Importance of location: ❖ Domestic environment ❖ Economic environment
  • 46.
    ➔AMBIANCE ❖ Must providean entertaining ambiance. ❖ Failure to accomplish this mood will result in a bad business.
  • 47.
    MONOPOLISTIC COMPETITIVE ➢Is amarket structure where many businesses sell products that are similar BUT NOT IDENTICAL.
  • 48.
    ➔CHARACTERISTICS OF A MONOPOLISTICCOMPETITION ❖ Many producers and consumers in the market ❖ No business has total control over the market price ❖ No interaction between firms
  • 49.
    BOTH THESE BARSHAVE MONOPOLISTIC COMPETITIVE CHARACTERISTICS HONG KONG BAR PENANG LUNA BAR KL
  • 50.
    STRATEGIES ❖ Set theprices of their products based on the demand curve ❖ Products are priced so that customers will continue purchasing their products. ❖ They use major advertising such as promotions and events.
  • 51.
  • 52.
    Hot Environment inthe bar Customers prefer a place complete with air-conditioning Recommendation (Hong Kong Bar)
  • 53.
    Recommendation (Hong KongBar) Need to upgrade from current look Renovate to a more modern style.
  • 54.
    Recommendation (Hong KongBar) Regularity of drinks available in the menu Adding more new drinks to the menu
  • 55.
    Recommendation (Hong KongBar) Lack of staff in the bar Hire more staff
  • 56.
    Recommendation (Luna Bar) Lackof seats available Increase the number of seats for the customers
  • 57.
    Recommendation (Luna Bar) Poorsound system Invest in a good quality sound system
  • 58.
    Recommendation (Luna Bar) Drinksare too pricey Reduce the price of the drinks