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“Fried rice with a good price!”
Revenue/Profitability Objectives
• The products offered will be sold at a lower price
• Special offers are available in a certain period of time or occasions.
• Delivery services will also be available at a lower price
• The business is accessible on the teams official website for any bulk
orders or inquiries regarding our services
MARKET SUMMARY
Fried rice is a well-known dish worldwide but it is mostly serve in Asian countries due to
the abundance of rice production. It can be sold in restaurants or even in the streets, which
egg is one of the most common ingredients that can be seen. Rice is a staple food for most
Filipinos across the country. The nation’s per capita rice consumption rose from 93.2 kg per
year in 1995 to 123.3 kg per year in 2009.
The Philippine food service sector remains strong, brought about by the growing demand
for convenience. In addition, the increasing busy lifestyles pushed consumers to buy cooked
foods or simply dine out. One of the most famous fast food chain which offers convenient
meal is Chowking that serve Chao fan or a classic Chinese style fried rice. One of the
contributor for their sales growth in 2017 was delivered by Pork Chao Fan, a dish that Filipinos
have come to love through Chowking. (https://pdfcoffee.com/chowking-4-pdf-free.html) In the
study, it shows that fried rice penetrate restaurants with 12.57% popularity.
(https://www.tastewise.io/foodtrends/fried%20rice) The food industry today in the Philippines is
associated with famous silog meals which are called as a budget meal. Like on our product,
the proponents are going to offer a special fried rice which can be paired with a variety of
dishes.
OPPORTUNITIES
Over the years, constant inflation have caused businesses to increase their
products’ price to cover their costs and keep them afloat. Another reason is the
emergence of global pandemic which affected the distribution of raw ingredients
and resources like meat and vegetables. As an observation, the food stores or
restaurant either increase the price or reduce the portion of the food they sell.
Because of this situation, the affordable but filling meals are being patronized by
the public. Since rice is the staple food for Filipinos, there is a continuous and
growing demand for budget-friendly rice meals that could substitute the existing
high-priced meals.
This is the need that will be catered by FRice-to-go.ph. Our fried rice
business mainly aims to offer a substitute budget-friendly and filling fried rice meal
especially to people who are tight budget but still want to eat a nutritious meal. The
team believe that rice meals should not be too pricey and must be affordable. The
fried rice meals are pack into a cup or bowl to be more convenient to eat anytime
anywhere.
COMPETITION
Competitors in Sorsogon City are either fast-food chains with fried rice in their menu
like Jollibee, McDonalds, Chowking, Jane’s Fast-food; food stalls which sell foods in a cup
or small bowl like Tapawarma, Dimsum House, or FT89; and/or food carts scattered in the
city.