An Overview of Red's, Its Products and Business Strategy Essay

Reds is a local restaurant, based out of Richmond, Virginia, in the heart of the VCU area. We selected this business because everyone loves food, and we all thought that it would be a profitable business being in the city, and for the prices and services that we offer. We learned that the restaurant industry is actually very competitive and it can be quite difficult to turn a profit due to the cost of food and other factors. Weve also learned that it can be very challenging to find a niche that another restaurant has already cornered.Business SummaryReds was founded in 2016, by six college friends who had a dream for a full service restaurant that could service the public, but almost exclusively serve college students by providing quick meals for a fair price. We began our journey in Richmond, Virginia in the downtown VCU area, with high hopes of attracting a diverse crowd. We offer Americanized dishes, including pastas, burgers, and sides to choose from, in addition to having a dine-in area, the option for take-out, and even delivery up until 200 AM. We will begin as a private company, with the hopes to go public one day, should circumstances allow. Our stock symbol would be RRVA (Reds Richmond VA), and the stock price would start at (hopefully) around 10 per share, pending expansion. Our external threats are larger restaurants, campus food vendors, other late-night delivery services, and downtown bars. Even though we wont be serving alcohol, bars tend to have the same hours as we do. Our opportunities are getting good reviews, having a positive image, and having our name out there so much that we generate business by word of mouth.StrategyReds is a full service restaurant, with a dining area and also take-out and delivery services offered. We specialize in pasta dishes, but also serve quick fix meals such as wings and sandwiches. Our mission statement To provide the highest level of...

Comments

Post a Comment

Popular posts from this blog

Character Analysis of Basil Hallward in The Picture of Dorian Gray, a Novel by Oscar Wilde Essay

The main character in The Picture of Dorian Gray, Dorian, is a man too easily influenced by his surroundings. He is quoted as saying, Basil Hallward is what I think I am Lord Henry is what the world thinks me Dorian is what I would like to bein other ages, perhaps (Wilde). This comparison falls in line with the moral of the story because Dorian is stuck with eternal youth and beauty even though he has a wicked soul. This causes different views of him by people who observe his daily life. Dorian is a sponge throughout the novel that absorbs everything and allows it to shape his personality, morals, and actions. Dorian Gray takes influence from Lord Henry, Basil Hallward, and the culture of society during which the novel was written. Lord Henry is the epitome of a wealthy, hedonistic gentleman seeking only pleasure, with little regard to cost or consequence. Lord Henry Wotton outwardly propounds hedonism, but it is his extreme egotism that drives him to manipulate both Basil Hallward a
Read more

An Analysis of the Character of Chichikov in the Poem, Dead Souls by Nikolai Gogol Essay

Dead Souls takes place in the Russia of the late 1800s, where, unlike in America, one must be born into a prosperous family in order to have opportunities. The main character, Chichikov, is clever enough to develop a scheme in which he can rise from being a petty clerk to a respected landowner. In order to do this, Chichikov moves into a new town, pretending to already be a landowner, and begins a quest to buy the names of dead serfs who have not yet been officially reported dead. Each person that Chichkov presents this offer to has a different reaction, starting with the shy and introverted Manilov. Though he does not understand Chichikov's need for the names of these dead serfs, Manilov is a character that is so desperate for company that it does not take any effort to trick him into selling his dead souls cheaply. However, as Chichikov continues his journey, he starts to deal with more clever landowners who become suspicious of his scheme. Chichikov finds that the townsmen know
Read more

A Literary Analysis of the Third Twin by Ken Follett Essay

The Third TwinThe Third Twin by Ken Follett is a type of mystery book. It makes you look at different aspects of the story. When you think you know whats happening it is not always what you think.Dr. Jeannie Ferrami, a scientist funded by a university who is doing a study on twins is one of the main characters in the story. Jeannie Ferrami is tall with long brown hair and is also very athletic. Steve Logan a student at another college is also a very important character in the story. Berrington Jones the head of the college funds Dr. Jeannie Ferrami until Jeannie discovers something Berrington didnt want her to know. Ricky Phillips Berringtons son is a twin just and he plays a small part but with a big impact on the story. Lisa Miller who is Jeannies best friend comes early into the story playing a very dramatic role, another small character is Dennis Pinker one of the twins in the story who is a murderer and is also being studied He is one of Steve Logans twin brothers.Lisa Miller and
Read more