MKT 410 Wine Not? Presentation

Post on 23-Jan-2018

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Transcript of MKT 410 Wine Not? Presentation

What is Wine Not?Wine Not is a wine and cocktail bar, located in downtown East Lansing, where you

and your girlfriends can get together and catch up on your favorite reality tv shows!

Design

“It would be cool if there

was kinda feminine/girly

decor. Not like pink and

sparkles, but like classy

and feminine”

Design

Semi-Exclusive

VIP

Communal

Excl

usiv

e

“Semi-exclusive seating sounds awesome haha just meet some new girls and watch Bravo”

How is Wine Not? Unique?

Consumer Competition

● Exclusively wine and cocktail menu

● Feminine themed bar

● Reality TV show viewing

● Semi-exclusive seating

● Appetizers only

Perceptual Map

Full ServiceNight Club

Feminine

Masculine

Buffalo Wild

Wings

Dublin

Harper’s Dusty’s Cellar

Rick’s

Reno’s

Tavern and Tap

American Fifth

Spirits Buddies

Spiral

Who are our customers?● Average age was between 21-23● Majority of our respondents were female● Most respondents were students, but a large portion worked full time

Tactical plan

Wine bottles

Cocktails Glass of Wine

$9-$20

$3-$8

How will we reach our customers?

Launch Plan

Step One12/1 - 1/1Step Two1/2 – 3/1Step Three3/2 – 9/1Step Four

Step One

● Promotions, Brand Reps on Campus

Step Two

● Launch Social Media Pages and Social Media Advertisement

Step Three

● Begin Radio Advertisements for Grand Opening, Launch with Bachelor Event

Sales and Profit Forecast

Wine Not? 2016 2017 2018

Revenue $148,581 $210,712 $291,599

Variable Cost -$62,451 -$46,558 -$64,430

Fixed Costs -$117,240 -$117,240 -$117,240

Profit -$31,110 $46,914 $109,929

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