SlideShare ist ein Scribd-Unternehmen logo
1 von 13
Starting a New Business, Developing a Product, and Entering an Established Market
DC Street Food ,[object Object],[object Object],[object Object],[object Object],[object Object],Burrito Box: A Case Study 03/23/11
Not All Carts Are Mobile 7-Elevens! ,[object Object],[object Object],[object Object],[object Object],Burrito Box: A Case Study 03/23/11
“ No new vendor permits”- DC Red Tape ,[object Object],[object Object],[object Object],[object Object],[object Object],Burrito Box: A Case Study 03/23/11
“ First Come, First Served”, Arlington, VA ,[object Object],[object Object],[object Object],[object Object],Burrito Box: A Case Study 03/23/11
Logistics ,[object Object],[object Object],[object Object],[object Object],[object Object],Burrito Box: A Case Study 03/23/11
How Will the Business be Defined? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Burrito Box: A Case Study 03/23/11
Developing the Concept and the Brand ,[object Object],[object Object],[object Object],Burrito Box: A Case Study 03/23/11
Burrito Box: A Case Study 03/23/11
Finances & Pricing Strategies ,[object Object],[object Object],[object Object],[object Object],Burrito Box: A Case Study 03/23/11
Attracting Customers ,[object Object],[object Object],[object Object],[object Object],Burrito Box: A Case Study 03/23/11
Takeaways ,[object Object],[object Object],[object Object],[object Object],Burrito Box: A Case Study 03/23/11
 

Weitere ähnliche Inhalte

Ähnlich wie Burrito box

Completed Senior Project
Completed Senior ProjectCompleted Senior Project
Completed Senior Project
Joey Gotelli
 
NAMA Exec Summary (1)
NAMA Exec Summary (1)NAMA Exec Summary (1)
NAMA Exec Summary (1)
Kristen Jones
 
Red Team Capstone Week 2Brianna Baldwin, Brittn.docx
Red Team Capstone Week 2Brianna Baldwin, Brittn.docxRed Team Capstone Week 2Brianna Baldwin, Brittn.docx
Red Team Capstone Week 2Brianna Baldwin, Brittn.docx
danas19
 
LEARNING OBJECTIVESAfter reading this chapter you should b.docx
LEARNING OBJECTIVESAfter reading this chapter you should b.docxLEARNING OBJECTIVESAfter reading this chapter you should b.docx
LEARNING OBJECTIVESAfter reading this chapter you should b.docx
smile790243
 
Table of contents
Table of contentsTable of contents
Table of contents
Sagar Patel
 
Table of contents
Table of contentsTable of contents
Table of contents
Sagar Patel
 
Table of contents
Table of contentsTable of contents
Table of contents
Sagar Patel
 
On Market-Boundaries in Pharmaceutical Sector (at Competition Commission of I...
On Market-Boundaries in Pharmaceutical Sector (at Competition Commission of I...On Market-Boundaries in Pharmaceutical Sector (at Competition Commission of I...
On Market-Boundaries in Pharmaceutical Sector (at Competition Commission of I...
Chirantan Chatterjee
 
Prepared Foods and Ready-to-Eat Foods at Retail: The New Competition to Foods...
Prepared Foods and Ready-to-Eat Foods at Retail: The New Competition to Foods...Prepared Foods and Ready-to-Eat Foods at Retail: The New Competition to Foods...
Prepared Foods and Ready-to-Eat Foods at Retail: The New Competition to Foods...
MarketResearch.com
 
QuicknGreen Natural Convenience Stores 2016 The Greening Year
QuicknGreen Natural Convenience Stores 2016 The Greening YearQuicknGreen Natural Convenience Stores 2016 The Greening Year
QuicknGreen Natural Convenience Stores 2016 The Greening Year
Lenard Kritchman
 

Ähnlich wie Burrito box (20)

Food Retail Industry Insights - 2016
Food Retail Industry Insights - 2016Food Retail Industry Insights - 2016
Food Retail Industry Insights - 2016
 
Completed Senior Project
Completed Senior ProjectCompleted Senior Project
Completed Senior Project
 
Cb case
Cb caseCb case
Cb case
 
Importance of Consumer Behavior 2
Importance of Consumer Behavior 2Importance of Consumer Behavior 2
Importance of Consumer Behavior 2
 
61706 blythe ch1
61706 blythe ch161706 blythe ch1
61706 blythe ch1
 
NAMA Exec Summary (1)
NAMA Exec Summary (1)NAMA Exec Summary (1)
NAMA Exec Summary (1)
 
Red Team Capstone Week 2Brianna Baldwin, Brittn.docx
Red Team Capstone Week 2Brianna Baldwin, Brittn.docxRed Team Capstone Week 2Brianna Baldwin, Brittn.docx
Red Team Capstone Week 2Brianna Baldwin, Brittn.docx
 
Crafty Lawyers Feed Off Craft Foods
Crafty Lawyers Feed Off Craft FoodsCrafty Lawyers Feed Off Craft Foods
Crafty Lawyers Feed Off Craft Foods
 
LEARNING OBJECTIVESAfter reading this chapter you should b.docx
LEARNING OBJECTIVESAfter reading this chapter you should b.docxLEARNING OBJECTIVESAfter reading this chapter you should b.docx
LEARNING OBJECTIVESAfter reading this chapter you should b.docx
 
Table of contents
Table of contentsTable of contents
Table of contents
 
Table of contents
Table of contentsTable of contents
Table of contents
 
Table of contents
Table of contentsTable of contents
Table of contents
 
On Market-Boundaries in Pharmaceutical Sector (at Competition Commission of I...
On Market-Boundaries in Pharmaceutical Sector (at Competition Commission of I...On Market-Boundaries in Pharmaceutical Sector (at Competition Commission of I...
On Market-Boundaries in Pharmaceutical Sector (at Competition Commission of I...
 
Prepared Foods and Ready-to-Eat Foods at Retail: The New Competition to Foods...
Prepared Foods and Ready-to-Eat Foods at Retail: The New Competition to Foods...Prepared Foods and Ready-to-Eat Foods at Retail: The New Competition to Foods...
Prepared Foods and Ready-to-Eat Foods at Retail: The New Competition to Foods...
 
QuicknGreen Natural Convenience Stores 2016 The Greening Year
QuicknGreen Natural Convenience Stores 2016 The Greening YearQuicknGreen Natural Convenience Stores 2016 The Greening Year
QuicknGreen Natural Convenience Stores 2016 The Greening Year
 
Business Opportunity Analysis Midterm
Business Opportunity Analysis MidtermBusiness Opportunity Analysis Midterm
Business Opportunity Analysis Midterm
 
him!'s take on Food Waste
him!'s take on Food Wastehim!'s take on Food Waste
him!'s take on Food Waste
 
Food Hubs: Supply Chain Traceability to Enhance Rural Sustainability
Food Hubs: Supply Chain Traceability to Enhance Rural Sustainability Food Hubs: Supply Chain Traceability to Enhance Rural Sustainability
Food Hubs: Supply Chain Traceability to Enhance Rural Sustainability
 
What Can Big Grocery Learn from Farmers' Markets Using Social Data?
What Can Big Grocery Learn from Farmers' Markets Using Social Data?What Can Big Grocery Learn from Farmers' Markets Using Social Data?
What Can Big Grocery Learn from Farmers' Markets Using Social Data?
 
Ethical consumerisim
Ethical consumerisimEthical consumerisim
Ethical consumerisim
 

Kürzlich hochgeladen

Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
lizamodels9
 
Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pillsMifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
Abortion pills in Kuwait Cytotec pills in Kuwait
 

Kürzlich hochgeladen (20)

Forklift Operations: Safety through Cartoons
Forklift Operations: Safety through CartoonsForklift Operations: Safety through Cartoons
Forklift Operations: Safety through Cartoons
 
7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...
 
M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.
 
It will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayIt will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 May
 
HONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael HawkinsHONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael Hawkins
 
VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...
VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...
VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...
 
Monthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxMonthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptx
 
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...
 
Cracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxCracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptx
 
Best VIP Call Girls Noida Sector 40 Call Me: 8448380779
Best VIP Call Girls Noida Sector 40 Call Me: 8448380779Best VIP Call Girls Noida Sector 40 Call Me: 8448380779
Best VIP Call Girls Noida Sector 40 Call Me: 8448380779
 
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
 
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptxB.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
 
Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pillsMifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Service
 
Famous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st CenturyFamous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st Century
 
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLMONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
 
Regression analysis: Simple Linear Regression Multiple Linear Regression
Regression analysis:  Simple Linear Regression Multiple Linear RegressionRegression analysis:  Simple Linear Regression Multiple Linear Regression
Regression analysis: Simple Linear Regression Multiple Linear Regression
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdf
 
Call Girls in Gomti Nagar - 7388211116 - With room Service
Call Girls in Gomti Nagar - 7388211116  - With room ServiceCall Girls in Gomti Nagar - 7388211116  - With room Service
Call Girls in Gomti Nagar - 7388211116 - With room Service
 
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best ServicesMysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
 

Burrito box

Hinweis der Redaktion

  1. Half-smokes as the epitome of DC street food? $.23 piece of “meat product”…not food Street carts are great storefronts with exceptionally low rents! $600/year license!! One or 2 DEPOTS that run the Half-smoke market
  2. On the fly- ecovending. Started by the zip-car guy. He won 8 locations in the vendor lottery Puputella- legit neopolitan pizza (where’s the pizza dc?) Pedro & Vinny’s- vegetarian spot with a consistent line, and a self-proclaimed 200 person/day service (in summer) You can see that there is a market for street food, if it is good and unique! What do they have in common? Not using the depot. Working from home, or renting a commercial space
  3. Rosslyn is not flat enough- after all, gotta take in the considerations of logistics of a food cart Ballston- 6mm sq ft of office space, almost 7k housing units Customers: daytime are office workers (Deloitte, CG, national science fndtn, Towers Watson, etc). Large residential community, proximity to mall and metro means lots of foot traffic Competition: Hot dog cart, falafel cart (a step up), Puputella TH-FR, mall, other chains (cosi, quiznos, chipotle down the street)
  4. Very densely packed area around a central park, located between the mall and the metro, among office and residential buildings. In sight: quiznos, starbucks, cosi, mall, and chipotle is down the street (a welcome competitor, as they are $1-3 more per meal!)
  5. Licenses: food manager license, approved depot, DOH cart inspection, then vendor’s license, then business license (backwards?) Depot- sketchy business, only one in DC is very extortionist! Found Ali in Crystal City- he needs me, I need him, good guy, great spot, but expensive At depot, you have (*almost *) all the required tools: dry and cold storage, freezer, ice, stove, pots, pans, fresh water, etc. Cart- Need to start fresh and clean
  6. Now that the market has been established and research has shown that it will support such a venture… The burrito box will be the antithesis of established street food. Take inspiration from In Defense of Food by Michael Pollan- It’s food, not food products. Have natural ingredients. Local/organic is too expensive, however. Food: met with PersonalChefDC, a service offering private cooking lessons. Consulted on concept, food, ingredients etc…but it was going to be $50/hour, plus $750 for unique recipe development <--too expensive, just look at chipotle! Basic ingredients, turns into many menu options Tortilla soup- also veggie 100% recycled burrito box container,
  7. Why Burritos? Why tex-mex? Not a cook. Easy to create. It’s food people are familiar with and love (hello chipotle!), cheap ingredients, relatively. Burrito Box- alliteration is fun and helps, easy and apparent name, very likeable. Others: Texican Embassy, Yourritos, Dos Gringos, etc Logo- hugely important because it’s the symbol of the brand. Needs to be simple, clean and modern, since that’s what the food cart represents! CROWDSPRING- awesome online marketplace for graphic design. Good feedback, competitive nature, transparent creative process Because the company name, cart and the product are all such simple 
ideas, the logo should be fairly basic and minimal as well. Given the name, it seems appropriate for the script to be fairly 
block-ish. Color schemes should be minimal, 2-3 colors at most, avoiding the stereotypical tex-mex red/green/white combo if possible.
  8. Not necessarily just a food cart- it’s a storefront. Potential for other things- TASTE! An art gallery at the Burrito Box. Feature local artists, friends, anything really to catch peoples attention and create a stir of people in front of the BB. Cup-o-cake- cash in on the cupcake craze with this solo venture-friendly dessert idea
  9. Is this even feasible? In line with the simple, convenient philosophy, use round numbers that make sense. Gotta price it to where it’s not overly expensive, but also to where it’s not implying the food is terrible. Don’t just add up costs and make a certain margin Expected sales (lunch and dinner) 11am-2pm, and 5pm-8pm. One burrito sold every 4 minutes= 90; every 6= 60; every 10=36. More realistic- lunch will be every 4 min, dinner every 10 (=45+18-->60ish) Daily Breakeven analysis: where revenues= costs. Fixed costs are cart, car, licenses, cart storage, insurance, supplies, etc, paid down over a 2yr period. =$87/day. Revenue assumes $5.50 sale of a burrito. Variable costs average to be $2.50/burrito (look at per ingredient cost plus packaging).
  10. Let Abe buy lunch Mall food courts are so 90’s Let customers linger! Have stuff for them to read! Daily newspaper taped up, box scores, etc! Idea of Taste art gallery If one at a time, take longer so you have someone there. Empty lines feed themselves, as do long ones Easy, fun, not aggressive. Talk to customers and listen GIVE THEM WHAT THEY WANT- jalapenos? Check. Whole wheat tortillas? Check. Side condiments, etc? yessir.
  11. From ハ a November 2009 Yelp review : メ I'll try it again another time, but my first visit wasn't too awesome. The preparation of the burrito is kinda cool. He puts everything into a pitcher and shakes it all together before applying it to the Tortilla. The cool thing is there are a variety of hot sauces you can add to your burrito.. Sadly, it appears that all the shaking and tossing of ingredients voided the spiciness. The reason I'm giving this place 2 stars instead of 3 is because the Rice in the burrito was not cooked correctly. It wasn't cooked with enough water, so while the outer part of the rice was kind of soft, the inside was still hard. Kind of gross Business was launched as a very lean version of itself; did not have the capital to execute the business as planned, including attached メ art gallery モ . IT WAS STARTED WITH THE DREAM OF BECOMING A FRANCHISE, BUT NOT PLANNED AS ONE <--lesson highlighted by E-Myth ( 114 average percipitation days in dc per year!Only 1 employee! Can ユ t be good- too much to do