We are a 24/7 fast food delivery service based in Richmond, Kentucky. We cater o
ID: 1124195 • Letter: W
Question
We are a 24/7 fast food delivery service based in Richmond, Kentucky. We cater our services towards college students who crave affordable meals at any time, day or night. Think of it as a meal plan outside of school. Most of our business is done through subscription (ala, $50 per week for 10 meals), which makes us different from most food establishments. We get our product from Gordon Food Service.
I need a competition analysis...as thorough as possible, grubhub would be an example of competition for us
Explanation / Answer
A competitive analysis covers five key topics which is stated below: -
The competitor mentioned is Grubhub. They are the major competitor as our business and Grubhub’s business model is almost the same by having 24*7 food delivery.
Competitors connect is mainly with local restaurants. And their strength is that they have a huge geographical coverage. Weakness is that the price charges is more than the industry average. The strategy used by the competitor is inorganic growth. The competitor goes for M&A, IPO, etc to expand its business. This has helps the competitor to bring growth in the company.
The future outlook of the business is prosperous. The market it niche but the potential is very high as the number of students will keep on increasing every year ad so the scope of the business to provide delivery of meals.
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