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Saveurs De
 Caraibes
    Christian
    Laroche
   6th period
 Entrepreneurial
    Ventures
   Mrs. Davis
• PURPOSE                    • GRAPH #4

• QUESTIONS                  • GRAPH #5

• GRAPH #1                   • GRAPH #6

• GRAPH #2                   • GRAPH #7

• GRAPH #3                   • GRAPH #8
              • CONCLUSION
                & CUSTOMER
                  PROFILE
The purpose of this analysis is to see what
kind of foods our potential customers will
enjoy eating. These graphs helped to show
 us what are the most popular foods that
   we will sell and what our customers
favorites our. Knowing what our customers
 want gives us a great advantage of being
    successful and an advantage on our
   competition. They help us see which
products they want to see and which ones
                they don’t.
• Graph 1: How many times do you go out to eat a week?

                    • Graph 2: Where do you go out to eat to?

  • Graph 3: When you go out to eat, what is the normal price range you choose?

• Graph 4:What is your favorite Caribbean dish that you would order when going out

     • Graph 5: Which Caribbean island type restaurant do you usually go to?

     • Graph 6: Do you normally pick Caribbean food when you go out to eat?

                   • Graph 7: Is Caribbean your favorite food?

       • Graph 8: How much are you willing to pay when you go out to eat?
•   Highest Result: Other &
    Chinese
•   Lowest Result: Caribbean
•   Advantage of Highest
    Result: There truly is not
    an advantage to my highest
    result because it shows
    that the type of food I
    would serve is not the
    highest favored but it does
    show my competition.
•   Disadvantage of Lowest
    Result: The disadvantage is
    the type of food my
    restaurant is serving was
    the least picked in this
    survey
•   Benefit of this question:
    The benefit of this
    question is that I see that
    the food my restaurant
    serves is the least favored
    to go eat at but it also
    shows that I will have a
    certain group of customers
    coming and hopefully they
    can become regulars'. It
    also gives me a better sight
    on who my competition is.
•   Highest Result: Eat out one
    to two times a week
•   Lowest Result: There was a
    three way time between 5
    and 6 times a week, 7 times
    and over, and not going out
    to eat at all during the week
•   Advantage of Highest Result:
    The advantage of this highest
    result is that I know the
    majority of people go out to
    eat at least once or twice a
    week, which means there is a
    very good chance for
    business everyday.
•   Disadvantage of Lowest
    Result: The disadvantage for
    this question is that people
    don’t usually go out to eat
    more than 5 times a week,
    which would decreases my
    chance of getting business,
    but I also see that only 5% of
    people never eat out which
    means 95% of people eat out
    at least once a week.
•   Benefit of this Question: This
    question helps me see how
    much business I can expect
    and possibly get to come eat
    at my resteraunt.
•   Highest Result: price range
    between $16-$20
•   Lowest Result: price range
    between $0-$5
•   Advantage of Highest
    Result: The advantage of
    this question is that the
    majority of people are
    willing to spend at least
    $20 when they go out to
    eat.
•   Disadvantage of Lowest
    Result: There is not much
    of a disadvantage in this
    situation it shows me that
    when people go out to eat
    they are willing to spend
    money
•   Benefit of this Question:
    The benefit of this
    question is that it helps me
    decide the prices of my
    dish’s and gives me a sense
    of what people are willing
    to pay for food.
•   Highest Result: Curry
    Chicken
•   Lowest Result: Red
    Snapper
•   Advantage of Highest
    Result: The advantage
    is that the majority of
    people enjoy Curry
    Chicken more than any
    other Caribbean dish.
•   Disadvantage of Lowest
    Result: The
    disadvantage is that
    most people wouldn’t
    order Red Snapper so
    might have to consider
    taking that off the
    menu
•   Benefit of this
    Question: This question
    helps me to see what
    my customers favorite
    dish’s are and can help
    me plan the menu to
    their taste.
•   Highest Result: The majority
    of people do not choose
    Caribbean food when they
    go out to eat.
•   Lowest Result: The minority
    of people do choose
    Caribbean food when they
    go out to eat.
•   Advantage of Highest
    Result: This shows me that
    my type of restaurant isn't
    the most favored but lets
    me know that I will have a
    select group of customers
    that will come to my
    restaurant.
•   Disadvantage of Lowest
    Result: That my restaurant
    is not the most favored
    restaurant when people
    choose where to eat.
•   Benefit of this Question:
    This question lets me know
    that I will have a specific
    group of customers, and a
    lot of competition so I might
    need to advertise and get
    my restaurant’s name out
    there
•   Highest Result: In this
    survey Caribbean food is
    not their favorite food.
•   Lowest Result: Lowest
    result is that Caribbean
    food is the surveyors'
    favorite food
•   Advantage of Highest
    Result: Not much of an
    advantage to this except,
    it shows that people
    might try Caribbean food
    to try something new.
•   Disadvantage of Lowest
    Result: That Caribbean
    food is not the surveyor’s
    favorite food.
•   Benefit of this Question:
    Shows me that some
    people do favor
    Caribbean food and that
    some people might want
    to try something new and
    I could bring in more
    business.
•   Highest Result: People
    are willing to spend $25
    and over when going to
    eat.
•   Lowest Result: $1-$5
•   Advantage of Highest
    Result: Shows me that
    people are willing to
    spend over 25 dollars
    when going out to eat,
    so I can have some
    higher priced items on
    my menu.
•   Disadvantage of Lowest
    Result: Not much of a
    disadvantage because it
    shows I can have higher
    priced dishes on my
    menu
•   Benefit of this
    Question: Lets me know
    that my customers are
    willing to pay a little
    extra for better quality
    food.
•   Highest Result: Jamaican
    food
•   Lowest Result: Bahamian
    food
•   Advantage of Highest
    Result: This result helps
    me know that my
    customers prefer
    Jamaican food so I can
    have more of those
    options on my menu.
•   Disadvantage of the
    Lowest Result: The
    disadvantage is that I
    would probably not put
    any Bahamian food on my
    menu, even though I love
    their food!
•   Benefit of this Questions:
    Because my restaurant is
    called flavors of the
    Caribbean I am including
    different Caribbean
    countries foods on my
    menu, this helps me
    narrow down which
    countries I will include
    and which ones I will
    have to eliminate.
I LEARNED A LOT FROM DOING THIS
SURVEY. IT HELPED ME LEARN A TON
OF HELPFUL INFORMATION FOR MY
BUSINESS AND SHOWED ME THE
THINGS I NEED TO CHANGE. IT LET
ME KNOW WHAT MY CUSTOMERS
WOULD LIKE MOST AND GAVE ME A
VIEW OF THE TYPE OF CUSTOMERS I
WOULD HAVE. IT ALSO HELPED ME
FIND OUT WHAT TYPES OF FOOD TO
INCLUDE ON MY MENU, AND WHAT
CARIBBEAN COUNTRIES I NEED TO
PULL FROM. THIS SURVEY
ULTIMATELY, HELPED ME BETTER
MY BUSINESS FOR MYSELF AND FOR
MY CUSTOMERS.
Highest Results:
• QUESTION 1: AGE: 15- 16
• QUESTION 2: GENDER: MALE & FEMALE (EVEN)
• QUESTION 3: MONTHLY INCOME: $0
• GRAPH 1: MAJORITY ATE ONCE OR TWICE A WEEK
• GRAPH 2: MAJORITY PREFFERED CHINESE FOOD AND OTHER
• GRAPH 3: NORMAL PRICE RANGE $16-$20
• GRAPH 4: MAJORITY PREFFERED CURRY CHICKEN
• GRAPH 5: MAJORITY DID NOT PICK CARIBBEAN FOOD WHEN
  GOING OUT TO EAT
• GRAPH 6: CARIBBEAN FOOD WAS NOT THE FAVORITE FOOD
• GRAPH 7: MAJORITY WAS WILLING TO PAY $25 OR OVER
• GRAPH 8: MAJORITY PREFFERED JAMAICAN FOOD

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Market analysis 3

  • 1. Saveurs De Caraibes Christian Laroche 6th period Entrepreneurial Ventures Mrs. Davis
  • 2. • PURPOSE • GRAPH #4 • QUESTIONS • GRAPH #5 • GRAPH #1 • GRAPH #6 • GRAPH #2 • GRAPH #7 • GRAPH #3 • GRAPH #8 • CONCLUSION & CUSTOMER PROFILE
  • 3. The purpose of this analysis is to see what kind of foods our potential customers will enjoy eating. These graphs helped to show us what are the most popular foods that we will sell and what our customers favorites our. Knowing what our customers want gives us a great advantage of being successful and an advantage on our competition. They help us see which products they want to see and which ones they don’t.
  • 4. • Graph 1: How many times do you go out to eat a week? • Graph 2: Where do you go out to eat to? • Graph 3: When you go out to eat, what is the normal price range you choose? • Graph 4:What is your favorite Caribbean dish that you would order when going out • Graph 5: Which Caribbean island type restaurant do you usually go to? • Graph 6: Do you normally pick Caribbean food when you go out to eat? • Graph 7: Is Caribbean your favorite food? • Graph 8: How much are you willing to pay when you go out to eat?
  • 5. Highest Result: Other & Chinese • Lowest Result: Caribbean • Advantage of Highest Result: There truly is not an advantage to my highest result because it shows that the type of food I would serve is not the highest favored but it does show my competition. • Disadvantage of Lowest Result: The disadvantage is the type of food my restaurant is serving was the least picked in this survey • Benefit of this question: The benefit of this question is that I see that the food my restaurant serves is the least favored to go eat at but it also shows that I will have a certain group of customers coming and hopefully they can become regulars'. It also gives me a better sight on who my competition is.
  • 6. Highest Result: Eat out one to two times a week • Lowest Result: There was a three way time between 5 and 6 times a week, 7 times and over, and not going out to eat at all during the week • Advantage of Highest Result: The advantage of this highest result is that I know the majority of people go out to eat at least once or twice a week, which means there is a very good chance for business everyday. • Disadvantage of Lowest Result: The disadvantage for this question is that people don’t usually go out to eat more than 5 times a week, which would decreases my chance of getting business, but I also see that only 5% of people never eat out which means 95% of people eat out at least once a week. • Benefit of this Question: This question helps me see how much business I can expect and possibly get to come eat at my resteraunt.
  • 7. Highest Result: price range between $16-$20 • Lowest Result: price range between $0-$5 • Advantage of Highest Result: The advantage of this question is that the majority of people are willing to spend at least $20 when they go out to eat. • Disadvantage of Lowest Result: There is not much of a disadvantage in this situation it shows me that when people go out to eat they are willing to spend money • Benefit of this Question: The benefit of this question is that it helps me decide the prices of my dish’s and gives me a sense of what people are willing to pay for food.
  • 8. Highest Result: Curry Chicken • Lowest Result: Red Snapper • Advantage of Highest Result: The advantage is that the majority of people enjoy Curry Chicken more than any other Caribbean dish. • Disadvantage of Lowest Result: The disadvantage is that most people wouldn’t order Red Snapper so might have to consider taking that off the menu • Benefit of this Question: This question helps me to see what my customers favorite dish’s are and can help me plan the menu to their taste.
  • 9. Highest Result: The majority of people do not choose Caribbean food when they go out to eat. • Lowest Result: The minority of people do choose Caribbean food when they go out to eat. • Advantage of Highest Result: This shows me that my type of restaurant isn't the most favored but lets me know that I will have a select group of customers that will come to my restaurant. • Disadvantage of Lowest Result: That my restaurant is not the most favored restaurant when people choose where to eat. • Benefit of this Question: This question lets me know that I will have a specific group of customers, and a lot of competition so I might need to advertise and get my restaurant’s name out there
  • 10. Highest Result: In this survey Caribbean food is not their favorite food. • Lowest Result: Lowest result is that Caribbean food is the surveyors' favorite food • Advantage of Highest Result: Not much of an advantage to this except, it shows that people might try Caribbean food to try something new. • Disadvantage of Lowest Result: That Caribbean food is not the surveyor’s favorite food. • Benefit of this Question: Shows me that some people do favor Caribbean food and that some people might want to try something new and I could bring in more business.
  • 11. Highest Result: People are willing to spend $25 and over when going to eat. • Lowest Result: $1-$5 • Advantage of Highest Result: Shows me that people are willing to spend over 25 dollars when going out to eat, so I can have some higher priced items on my menu. • Disadvantage of Lowest Result: Not much of a disadvantage because it shows I can have higher priced dishes on my menu • Benefit of this Question: Lets me know that my customers are willing to pay a little extra for better quality food.
  • 12. Highest Result: Jamaican food • Lowest Result: Bahamian food • Advantage of Highest Result: This result helps me know that my customers prefer Jamaican food so I can have more of those options on my menu. • Disadvantage of the Lowest Result: The disadvantage is that I would probably not put any Bahamian food on my menu, even though I love their food! • Benefit of this Questions: Because my restaurant is called flavors of the Caribbean I am including different Caribbean countries foods on my menu, this helps me narrow down which countries I will include and which ones I will have to eliminate.
  • 13. I LEARNED A LOT FROM DOING THIS SURVEY. IT HELPED ME LEARN A TON OF HELPFUL INFORMATION FOR MY BUSINESS AND SHOWED ME THE THINGS I NEED TO CHANGE. IT LET ME KNOW WHAT MY CUSTOMERS WOULD LIKE MOST AND GAVE ME A VIEW OF THE TYPE OF CUSTOMERS I WOULD HAVE. IT ALSO HELPED ME FIND OUT WHAT TYPES OF FOOD TO INCLUDE ON MY MENU, AND WHAT CARIBBEAN COUNTRIES I NEED TO PULL FROM. THIS SURVEY ULTIMATELY, HELPED ME BETTER MY BUSINESS FOR MYSELF AND FOR MY CUSTOMERS.
  • 14. Highest Results: • QUESTION 1: AGE: 15- 16 • QUESTION 2: GENDER: MALE & FEMALE (EVEN) • QUESTION 3: MONTHLY INCOME: $0 • GRAPH 1: MAJORITY ATE ONCE OR TWICE A WEEK • GRAPH 2: MAJORITY PREFFERED CHINESE FOOD AND OTHER • GRAPH 3: NORMAL PRICE RANGE $16-$20 • GRAPH 4: MAJORITY PREFFERED CURRY CHICKEN • GRAPH 5: MAJORITY DID NOT PICK CARIBBEAN FOOD WHEN GOING OUT TO EAT • GRAPH 6: CARIBBEAN FOOD WAS NOT THE FAVORITE FOOD • GRAPH 7: MAJORITY WAS WILLING TO PAY $25 OR OVER • GRAPH 8: MAJORITY PREFFERED JAMAICAN FOOD