South Bend Beer Exchange Sarah Niespodziany (Co-president) Bar Bartender (Supervises wait staff) Logan Montague (Co-president) Resturant Hostess (Supervises Servers) South Bend Beer Exchange Mission Statement Our mission here at South Bend Beer Exchange is to provide a safe and entertaining social atmosphere to newcomers and patrons alike. The food and drink we sell meets the highest standards of quality and freshness while striving to continuously exceed the expectations of our customers through our attentive service and energetic attitude, resembling the excitement of the stock market. Founded by Sarah and Logan Originally created in Kalamazoo: James Flora 2010 Philosophy Our philosophy is to form long lasting relationships not only with our customers but with our employees and the community as well. Beer Exchange bases the pricing of 28 draught beers on real-time sales, like the stock market, resulting in an ever-evolving happy hour. Occasional “market crashes” will occur daily, dropping beer prices to their all-time low. This creates a fun and interactive drinking environment. The market price fluctuation also keeps the customers buying. Key Business Ideas: Why We’re Different A fun and interactive “game” keeping customers entertained for hours. Market “CRASHES” causes prices to fluctuate Example of how beer prices are displayed in real time for customers with red indicating the price was lowered an green indicating price has risen. PORTER’S FIVE FOCUSES 1. Intensity of Existing Rivalry Fast industry growth rate 2.Threats of Substitution Lower quality Product differentiation Limited number of Substitutes 3.Threats of New Competitors High capital required Strong distribution network required High sunk costs limit competition Industry requires economies of scale 4. Bargaining Power of Suppliers Diverse substitution channel Critical production inputs smaller Volume is critical to suppliers 5. Bargaining Power of Customers Limited buyer information availability Product is important to customer Large number of customers Limited buyer Findings and Outcomes Location is Key ◦ College students: Notre Dame, Holy Cross, Saint Mary’s ◦ Notre Dame games/events of all types Bar Side ◦ Busiest Thursday-Saturday August-May Restaurant ◦ Makes up for loss of college students during summer months Future Expansion To be decided after one year of business If business does well.. Possibly buy building for larger space and total ownership Expand to other college towns throughout the state and even country ◦ IU Bloomington ◦ Purdue ◦ Indianapolis Outlook for the Business Venture Audience Questions Feel free to ask any questions or provide any suggestions to improve our business plan.
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