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The Flavor of SLO is a non-profit food and wine tasting event benefitting The United Way and Alpha Pregnancy Counseling. This event was created as a Senior Project with the purpose of stimulating interest in local restaurants and wineries of San Luis Obispo County with an enjoyable and affordable experience for all residents of San Luis Obispo.  The Flavor Of  SLO
Primary Business Challenge ,[object Object],[object Object],[object Object]
Specific Objectives ,[object Object],[object Object],[object Object],[object Object]
Survey Data: Population San Luis Population:  43,000 (29,973 potential) 15-29: 16,234 =  approx 54% of population 30-39: 4,265 =  approx  14% of population 40-49: 3,990 = approx 13% of population 50-59: 2,276 =  approx 8% of population 60+: 3,172 = approx 10% of population Actual population data very accurately mirrors survey data sample of 157 residents US Census http://factfinder.census.gov/servlet/QTTable?_bm=y&-geo_id=86000US93405&-qr_name=DEC_2000_SF1_U_QTP1&-ds_name=DEC_2000_SF1_U
Survey Data: Event Interest Majority prefer an event that offers selection from restaurants and wineries Almost half of the respondents  are 80% sure they’ll attend.
Survey Data: Vendors Expected Restaurants Wineries Breweries ,[object Object],[object Object],[object Object],[object Object]
Competition Analysis ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Although there is a lot of competition during this time of the year, these events cost between $80-$100. This is much more expensive than The Flavor of SLO and higher than my target market is willing to pay. Target market is willing to pay between $10-$30
4 P’s: Product ,[object Object],[object Object],[object Object],[object Object]
4 P’s: Price ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
4 P’s: Place ,[object Object],[object Object],[object Object],[object Object],[object Object]
4 P’s: Promotion ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Sample Print Materials ,[object Object],[object Object],[object Object],[object Object]
Ticket Sample
Back of Pamphlet Front of Pamphlet Generous community sponsors of this event include: ABCO Print and Design, Radio Station, California Wienry Advisor, etc May 31 st  2009 Mitchell Park 12-4pm
Customer Pamphlet (inside) This will help customers find where different booths are located and what they will be serving there.
Mitchell Map (back of pamphlet)
 
Email Blast
 
 
 
Sales Forecast: Pessimistic Average ticket cost= $15 Target Market: 40% of population is aged 21-35 (40%* 29,973 ) =  approx 12,000 (25% interest in event – survey estimates higher interest) =12,000(.15) = 1,800 (Assume 20% awareness) =1,800(.20)=360 customers (360 customers*$15) Expected revenue = $5,400
Sales Forecast: Most Likely Average ticket cost=(15+22+28+20+27+33)/6= $24 Target Market: 40% of population is aged 21-35 (40%* 29,973 ) =  approx 12,000 (40% interest in event – survey estimates higher interest) =12,000(.40) = 4,800 (Assume 30% awareness) =5,520(.30)=1,440 customers (1,440 customers*$24) Expected revenue = $34,560
Sales Forecast: Optimistic Average ticket cost=(15+22+28+20+27+33)/6= $24 Target Market: 40% of population is aged 21-35 (40%* 29,973 ) =  approx 12,000 (46% interest in event according to sample) =12,000(.46) = 5,520 (Assume 45% awareness) =5,520(.45)=2,484 customers (2,484 customers*$24) Average revenue = $59,616
Costs Associated With Event ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Expected Profits Pessimistic:  Sales total $5,400 High Estimated Costs  $5,000 Revenue $600 Most Likely: Sales Total $40,320 High Estimated Costs    $5,000 Revenue $35,320 Optimistic: Sales Total $59,616 High Estimated Costs    $5,000 Revenue $54,616
Conclusion ,[object Object],[object Object],[object Object]

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Flavor5 Short2

  • 1. The Flavor of SLO is a non-profit food and wine tasting event benefitting The United Way and Alpha Pregnancy Counseling. This event was created as a Senior Project with the purpose of stimulating interest in local restaurants and wineries of San Luis Obispo County with an enjoyable and affordable experience for all residents of San Luis Obispo. The Flavor Of SLO
  • 2.
  • 3.
  • 4. Survey Data: Population San Luis Population: 43,000 (29,973 potential) 15-29: 16,234 = approx 54% of population 30-39: 4,265 = approx 14% of population 40-49: 3,990 = approx 13% of population 50-59: 2,276 = approx 8% of population 60+: 3,172 = approx 10% of population Actual population data very accurately mirrors survey data sample of 157 residents US Census http://factfinder.census.gov/servlet/QTTable?_bm=y&-geo_id=86000US93405&-qr_name=DEC_2000_SF1_U_QTP1&-ds_name=DEC_2000_SF1_U
  • 5. Survey Data: Event Interest Majority prefer an event that offers selection from restaurants and wineries Almost half of the respondents are 80% sure they’ll attend.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 14. Back of Pamphlet Front of Pamphlet Generous community sponsors of this event include: ABCO Print and Design, Radio Station, California Wienry Advisor, etc May 31 st 2009 Mitchell Park 12-4pm
  • 15. Customer Pamphlet (inside) This will help customers find where different booths are located and what they will be serving there.
  • 16. Mitchell Map (back of pamphlet)
  • 17.  
  • 19.  
  • 20.  
  • 21.  
  • 22. Sales Forecast: Pessimistic Average ticket cost= $15 Target Market: 40% of population is aged 21-35 (40%* 29,973 ) = approx 12,000 (25% interest in event – survey estimates higher interest) =12,000(.15) = 1,800 (Assume 20% awareness) =1,800(.20)=360 customers (360 customers*$15) Expected revenue = $5,400
  • 23. Sales Forecast: Most Likely Average ticket cost=(15+22+28+20+27+33)/6= $24 Target Market: 40% of population is aged 21-35 (40%* 29,973 ) = approx 12,000 (40% interest in event – survey estimates higher interest) =12,000(.40) = 4,800 (Assume 30% awareness) =5,520(.30)=1,440 customers (1,440 customers*$24) Expected revenue = $34,560
  • 24. Sales Forecast: Optimistic Average ticket cost=(15+22+28+20+27+33)/6= $24 Target Market: 40% of population is aged 21-35 (40%* 29,973 ) = approx 12,000 (46% interest in event according to sample) =12,000(.46) = 5,520 (Assume 45% awareness) =5,520(.45)=2,484 customers (2,484 customers*$24) Average revenue = $59,616
  • 25.
  • 26. Expected Profits Pessimistic: Sales total $5,400 High Estimated Costs $5,000 Revenue $600 Most Likely: Sales Total $40,320 High Estimated Costs $5,000 Revenue $35,320 Optimistic: Sales Total $59,616 High Estimated Costs $5,000 Revenue $54,616
  • 27.