Professional Documents
Culture Documents
Strengths
The location of the business is accessible enough to meet our
target market.
Cleanliness
Quick to respond to market changes.
Low salary and benefits overhead
We have assembled a team that embraces different disciplines with
expertise in all areas of the business.
Business knowledge
Employee engagement
We have wide experience in product and business know how
Effective leadership
Competent workplace
Weakness
The maintenance of special features of the store is quite costly.
Limited funding or lack of fundraising experience
Known vulnerabilities and risk
Deadlines and other time pressures
Financial risk
Resources gaps/ Problems
Opportunities
Could convert existing products for new market.
Growth of existing market
Market conditions/ Customer needs
Innovative marketing strategies
Target markets
Seasonal Trends
Threats
Well – known restaurants with the same vicinity will be the great
competitors of the business.
The business will be new in the market, it may easily have good
market standing but it may encounter difficulty in terms of
sustaining demand of the customers that may lead to its saturation
or declining stage.
Natural disasters largely affect supply.
Rising materials price
Internal staffing, financials, and other resource constraints
Uncertain weather conditions
SWOT analysis of Competitors
Strengths
Our business has its unique characteristics in terms of foods being
offered and other features being presented.
Good relationship with suppliers
High visibility locations to attract customers.
High quality products.
Affordable price
We stand out as a unique alternative to fast food and we offer consistently
high – quality food in a distinctive atmosphere.
Weakness
Less product selection than key competition
Low brand recognition
Strong existing competitors
Weak social media presence
Opportunities
Emerging need for products or services.
Loyal customers
Online sales to reach a broader market.
Attract new customers through special offers.
Target review website for better ratings.
Improve the overall customer experience.
Stay positioned competitively from a price and services.
Threats
Competitors growing stronger through financial backing and brand awareness.
Changing customer preference.
Slower growth due to inability to raise funds.
Competitors introducing better/ Improve products.
Competitors providing more “ value add”.