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Economically Green
Many of the items that we are collecting (from coffee mugs to an
industrial juicer) are being straight up donated, or purchased at a
fraction of MSRP. Everything that needs to be purchased will have
been previously owned, saving us thousands.
We'll save thousands more by recycling and composting.
And because we are designing V for the long haul, clean renewable solar
energy will save V hundreds of dollars each month.
High Volume
The industry term is Turn and Burn. V is not the place
to come for a four star four hour experience. It's the kind of place
to grab a quick bite with a friend.
We hope to be open all day parts (breakfast, lunch, and dinner) to get the
most out of our fixed cost (rent, equipment, etc.). Our plans are to
turn our tables at least 6 times each day. By keeping the volume on
the higher side, we can afford to keep check averages on the lower side,
encouraging repeat business.
Check Average
V should be perceived as a competitively priced restaurant.
We'll keep the prices of our entrees low (generally $6-$9), while strongly
encouraging add-on sales through non-invasive techniques such as
merchandising and sampling.
Wearables such as logo T-shirts and hoodies will be merchandised at the
point of purchase to help increase check averages.
Marketing
Only the most die hard carnivores will moan if somebody suggests a
vegetarian restaurant. We understand that these unapologetic meat
eaters will never be our core customers. Our target market consists
of those who are happy to occasionally dine at great vegetarian restaurants
- vegetarian or not.
Surprisingly, there are only a handful of vegetarian restaurants in San
Francisco. As a demographic, vegans and vegetarians will be a built-in and loyal contingent. Our marketing efforts will be aimed at
specific progressive communities.
Like many "vegetarian" restaurants (ie; Millennium & Herbivore), V will
not be marketed as a vegan restaurant. Many of our potential
customers don't know how to pronounce vegan (vaygen?) much less have an
understanding of what it means. Unfortunately, the word just tends
to scare people. We're going to take the more stealthful "you're
soaking in it" approach.
Click here for more information
on Jefferson's marketing expertise.
Special Specials
Our menu will be simple. You'll probably find only between 3 or 4
entrees to choose from, but each time you visit, you'll find something new. An ever changing menu of specials encourages repeat
visits with the promise of a new culinary adventure. A more limited
selection of entrees to prepare should expedite production and reduce
waste.
Not Too Many Cooks in the Kitchen
Instead of having an expensive celebrity chef on our staff full time,
we've hired a consultant chef to design a menu that our full time line
cook will execute. This will provide us with a creative first rate
menu without the financial drain.
Management
Jefferson has experience managing the "back office" of a successful small
business. Emo will use his 19 years of experience to manage the
front of the house. Additionally, at least one experienced general
manager will be hired.
Staff
All employees at V will be encouraged to conform to the V corporate image.
That is, to express themselves radically. Starbucks
announced recently that they spend more on health care than then they do
on raw coffee. V intends to mach or surpass the benefits offered by
Starbucks. We believe that treating our staff with respect will
inspire
productivity and low turnover.
Financing
No matter how busy we are, our financial strategy will be to keep costs
low throughout our first year. Although we expect that it will cost
less to open V than a typical restaurant of similar size, we will
work hard to ensure that sufficient financing will ensure a successful
start.
Already we're humbled
by how many people want to be a part of V's success. We are
currently designing a financial plan to be inclusive of every income
level.
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