Chicks N Bikinis, The Rock Bass, and The Marina - PowerPoint PPT Presentation

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Chicks N Bikinis, The Rock Bass, and The Marina

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Easy access to restock fishing supplies. Wide variety of drinks and snack type food ... Line 1- bait, lures, line, tackle, hooks, spinners, rods and reels ... – PowerPoint PPT presentation

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Title: Chicks N Bikinis, The Rock Bass, and The Marina


1
Chicks N Bikinis, The Rock Bass, and The Marina
  • Courtney Bain, Scott Snook,
  • Michael Fullan, Kayla Rosenbaum

2
The Rock Bass
  • The Rock Bass is our upscale steakhouse for both
    tourists and locals looking for a nice steak or
    seafood dinner.
  • Faces both the main business sector and windows
    in the back oversee the water.
  • Offers high quality food and a casual atmosphere
    for every budget.
  • Menu for every appetite steak, seafood, chicken,
    appetizers, and a unique assortment of non and
    alcoholic beverages.

3
Chicks N Bikinis
  • An atmosphere that is inviting and fun filled.
  • Great for boaters, jet skiers, and water goers
    looking to socialize and grab a bite to eat.
  • Tiki-hut theme throughout the bar and grill.
  • Attached is a party deck and outside eating area
    to oversee the water.

4
The Marina
  • Convenience of refueling on the water
  • Easy access to restock fishing supplies
  • Wide variety of drinks and snack type food
  • Boats, pontoons, and Jet skis can dock and eat
    lunch or dinner then return to the water
  • Gas station like pricing

5
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6
Business Mission
  • Our mission statement
  • Our company will successfully offer a diverse
    atmosphere to serve a dynamic group of people on
    any given day.

7
Business Objectives
  • Provide the most efficient and convenient
    re-fueling without leaving the water
  • Offer a casual and fun atmosphere for boaters to
    come and enjoy food, music, and entertainment

8
Business Objectives cont.
  • Offer a high-class option of dining with the
    highest quality steakhouse menu for those seeking
    a luxurious night out
  • Become a premier source of convenience on the
    water by catering to the needs of both leisure
    boaters and lake visitors

9
S.W.O.T.
  • Strengths
  • Location
  • Two-way access
  • Water side gas
  • Three in one
  • Service
  • Weaknesses
  • One fails, they all fail
  • Employ large amount of people
  • Large finances to start
  • Changing locals regular spots

10
S.W.O.T. Cont.
  • Opportunities
  • Little competition
  • Opportunity to open elsewhere
  • Trend of luxury items
  • Baby boomers starting to make big purchases
  • Threats
  • Economy
  • Ability to purchase luxury items
  • Weather
  • Local support

11
Promotional Mix
  • Advertising
  • Public Relations
  • Personal Selling
  • Sales Promotion

12
AIDA and the Promotional Mix
  • Advertising
  • Most useful in gaining attention for our business
  • Public Relations
  • Greatest impact in gaining attention and building
    interest
  • Hope to project a positive image of our business
    in the minds of consumers and potential consumers

13
AIDA and the Promotional Mix
  • Sales Promotion
  • Greatest strength will be in creating a strong
    desire and purchase intent
  • Personal Selling
  • Most effective at creating customer interest for
    our business and at creating desire
  • Workers will be able to encourage and convince
    customers to make purchases

14
Promotional Goals
  • Informative Promotion
  • Increasing the awareness of our business
  • Explaining the type of service we represent
  • Building a company image
  • Persuasive Promotion
  • Encourage consumers to come to our business
    rather then the competitions
  • Convert consumers into loyal customers

15
Factors Affecting the Promotional Mix
  • Nature of the Product
  • Consumer and leisure services
  • Low costs and risks associated with our service
  • Low-involvement purchases

16
Factors Affecting the Promotional Mix
  • Target Market Characteristics
  • Promote our business to tourists and people
    outside our geographic region
  • Develop highly informed repeat customers within
    each of our target markets

17
Factors Affecting the Promotional Mix
  • Type of Buying Decision
  • Neither routine or complex decisions
  • Establish awareness for the good or service by
    using advertising and public relations
  • Provide as much information as possible about our
    business

18
Product Mix
  • Our company offers both services and products.
    Our gas station marina will offer a variety of
    convenience goods
  • Two product lines one exclusively for fisherman
    the other for boaters looking to purchase drinks
    or snacks while on the water
  • Line 1- bait, lures, line, tackle, hooks,
    spinners, rods and reels
  • Line2- ice, beer, pop,, candy, crackers, chips,
    water, and other nonperishable snack food items

19
Innovation Adoption
  • Early adopters
  • Community oriented
  • Word-of-mouth
  • Factors that speed adoption
  • Compatibility
  • Relative advantage
  • Observability
  • Trialability

20
Product Life Cycle
21
Positioning
  • The Rock Bass
  • Chicks N Bikinis
  • The marina
  • Honest, caring, and friendly environment

22
Distribution
  • Supply Chain system
  • Direct customer channel
  • Customer drawn to us
  • Suits everyones age and lifestyle
  • Lakeside and next to a major highway

23
6 Ps
  • Product
  • Unique
  • Width and depth will be kept to a minimum
  • Main goal keeping accurate inventory
  • We have made negotiations with our beverage,
    food, and gasoline suppliers
  • Promotion
  • Use all four promotional techniques
  • Focusing on advertising and sales promotion
  • Must positively position ourselves in the minds
    of the locals

24
6 Ps Cont.
  • Place
  • Popular lake in Northern Michigan
  • Off the interstate
  • Near well-known campsite
  • Standing alone
  • Sought out and purposely visited
  • Price
  • Different income levels
  • Typically low price
  • Average dinner meals 12 - 16
  • 2 beers and 3 mixed drinks

25
6 Ps Cont.
  • Presentation
  • Strength is our atmosphere
  • Variety
  • Something for everyone
  • Knowledgeable, customer-oriented employees
  • Personnel
  • Employees will go through training on a regular
    basis
  • The Rock Bass employees will be the best of the
    best
  • Undoubtedly biggest goal

26
Target Market Strategy
  • Multisegment Targeting Strategy
  • Able to develop a distinct marketing mix for each
    of our different segments

27
Market Segmentation
  • Demographic Segmentation
  • Age Segmentation
  • Generation Y
  • Generation X
  • Baby Boomer Generation

28
Market Segmentation
  • Gender Segmentation
  • Males
  • Psychographic Segmentation
  • Personality
  • Lifestyles
  • Usage-Rate Segmentation
  • Heavy Users
  • Potential/1st Time

29
Price
  • Status quo and sales orientation
  • Basic strategy to match competitors of Chicks N
    Bikinis and the Marina in the area
  • Price our gasoline based on its quality and the
    going rate
  • Rock Bass will remain a higher quality and price

30
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31
Conclusion
  • Each of the three business are designed to
    provide great customer satisfaction and a unique
    atmosphere to serve every potential customer.
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