Question 7: In the Appendix (Chapter 16 \"Appendix: A Sample Business Plan\"), y

Question

Question 7: In the Appendix (Chapter 16 "Appendix: A Sample Business Plan"), you will find the business plan for Frank’s All-American BarBeQue. This plan examined several possible locations for a second restaurant. Frank and Robert considered several factors when evaluating alternative towns as possible locations. Some of these included population size, average income, travel times, and percentage of population. Based on the data, they selected Darien, Connecticut. Do you agree with the decision? Why or why not? Do you think other factors should have been considered? If yes, what would you recommend?

Explanation / Answer

This business set up focuses on Frank’s All Yanked Barbeque that has operated in Connecticut for many years. they're currently selecting Darien, Connecticut as their new place and can have double as giant commodiousness. Their main slogan is to supply the simplest barbeque food in geographical area. they're aiming to invest $160000 into their second eating house and expand their dishes. they need endure decades in Fairfield and have profited well. Seeing their performance, dishes and efforts they need fared well. they're into their second location. The cities close are evaluated for total population, density, family financial gain and residential worth. The partners assume that these factors can facilitate them to draw in additional traffic and targeting the purchasers World Health Organization will pay a bit higher. They conjointly thought of average family size and share of family households because it could be a family eating house. per Pine Tree State, Darien is that the best location for them because it encompasses a high financial gain population and high population density. folks that are long commuters can order food and take the parcel on their manner. Darien conjointly has giant family households. they ought to not select Easton. they may have thought of Westport and Norwalk because of the population is additional there. Westport conjointly may well be {a better far better much better higher stronger additional robust an improved} possibility because it is more inhabited and sensible financial gain level. assets rate is nearly the same as Darien. however overall Darien would be undoubtedly a decent plan.

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