Wednesday, February 27, 2013

SWOT analysis

SWOT



The strengths for our establishment will be our ability to provide a one of a kind dining and entertainment experience. Our staff shall be trained thoroughly as to provide the experience we want to provide. Our food and beverages will be made with the utmost attention to detail and the products they will be made with will be of superior quality. The dining area will be filled with tropical foliage and trees adding to the tropical feel and experience. The live entertainment will be exceptional live beach type music (original and cover bands) everything from Jimmy Buffet to Bob Marley.


The weaknesses for our establishment will be our ability to maintain a solid well-staffed establishment at all times. The upkeep of the foliage will be another large experience. Keeping the quality of product I plan to have may be an issue due to season of, say our seafood, or the prime cuts of meat. We will have a ton of fresh product and I will have to find a way to market so that we sell it all before it goes bad, and order so that we never run out of a menu item.


The opportunities for our establishment will be the location and clientele that will frequent our business. The location is a short 2 mile drive from the Las Vegas Strip. It is a standalone building right on Flamingo RD which has a ton of traffic 7 days a week. We will have very visible signage. The building is literally surrounded by several large office complexes. These offices will create an initial customer base. There are also many affluent neighborhoods and condos in the area which gives us another pool of customers to work with. From there word of mouth will be sufficient.


The threats for our establishment will be the completion in the area. Being 2 miles from the Las Vegas strip could be an issue. There is a lot of completion between the strip and the establishment. We will have to have a secure customer base and good marketing to keep up. But again with the dining experience we will be selling will be a lot different than any other establishment.

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