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furniture that the restaurant will require, the electricals and even the food stuff and
ingredients needed for cooking. Everything you need is in Lagos.
My reasons for selecting Lagos Island for building the second restaurant is somewhat
similar to my points above and may only differ in that Lagos Island for the most part
houses the bourgeois of the city: those more akin to patronise the restaurant. Also, most
of the better paying jobs are situated on the Island and as such is a viable catchment
area for the working class. Power supply is reasonably better than that in PHC and even
if ABUJA might enjoy better power supply than Lagos it pales in the area of the
workingclass population (which should be cogent in selecting a location). Also, there are
more filling stations in lagos than Abuja and one can easily gain access to these stations
to replenish stock of the required Fuel needed to augment the said 'power supply'. Lagos
is definitely more secure than Abuja.
I am sure there are more reasons but I am typing from my phone and I am also
currently out of ideas. You should give me your own opinion and if/when possible
constructively criticize mine too.
Cheers mate.
I'd favour ur disposition about locating the student restaurant in unilag but however I
have something diff In Mind for the working class restaurant. I'd go for locating that one
in Abuja because profitability is the overall aim of business and we all know that the
disposable income in Abuja is higher than other states. What this means is than an
average worker in Abuja has more to spend or is more comfortable with spending than
an average worker in lagos which explains why they can cope in such expensive city. My
point is the restaurant would be more profitable if located in Abuja. Also there exists the
advantage of relative monopoly. I say relative because Lagos is a commercial hub and
there are bound to be more restaurants per square mile than Abuja where such things
are not everywhere as compared to lagos. I know this to be true as I Have lived in both
cities.
3 Likes
You have all made valid points. Since i'm an accountant, i'd be concerned with two
things. Maximising profit and minimising cost. My first choice would be Uniben, because
of the following reasons.
1. Cost of business place: the cost of Renting a business place in uniben is relatively
cheap compared to unilag and uniport.
2. Cost of Foodstuff: It is cheaper to procure foodstuff for the operation of a restaurant
in uniben compared to the other schools.
3. Customer Base: Lagos is a metropolitan city with lots of restaurants already
competing for customers,a new entrant into this market would have so many challenges
with winning some customers over, they might have to do aggressive promotions,all
these would have a negative effect on profit.
4. Staff renumeration: Workers in unilag and uniport are more likely to ask for bigger
renumerations and better conditions of service than in uniben. Every business man loves
cheap Labour.
It would be easy for a business to thrive in uniben with minimal cost,Hence bigger profits
for expansion.
My second choice would be Portharcourt. I'd pick Ph for all the reasons i listed above and
more.its really difficult typing with my phone,i'd do justice to that when i get to the
office.
N/B pardon my grammar and punctuations,i'm a man of very few words.