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FastCeviche. Final Presentation Patricia Silva Javier Verme. November 2006 BAEN 580B. The Project. Restaurant Chain Peru Specialized in Ceviche Fast Food concept. Ceviche. 1 of the 3 favourite dishes “In the same way Americans eat hamburgers, Peruvians eat Ceviche” (Acurio, 2006)
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FastCeviche Final Presentation Patricia Silva Javier Verme November 2006 BAEN 580B
The Project • Restaurant Chain • Peru • Specialized in Ceviche • Fast Food concept
Ceviche • 1 of the 3 favourite dishes • “In the same way Americans eat hamburgers, Peruvians eat Ceviche” (Acurio, 2006) • Characteristics • Cold fish salad • Effect of key lime on fish
19 25 15 10 The Problem • Top priorities of potential customer Cleanliness & Freshness Price (S/.)
The Problem • Available options Cleanliness & Freshness Opportunity A B C Price (S/.) 19 25 15 10 D
The Problem • Why? • Business Model of traditional cevicherias Restaurant Customers Food Suppliers Kitchen Restaurant Customers Food Suppliers Kitchen
Restaurant Customers Restaurant Customers Food Suppliers Kitchen Food Suppliers Kitchen Restaurant Customers Delivery Restaurant Customers Food Suppliers Kitchen Restaurant Customers The Solution • FastCeviche’s Business model Opportunity
Serving Area Small Kitchen Customer Area The Restaurant
The Kitchen Small Kitchen Centralized Kitchen Cold / Raw area Pans Working table Warm / cooked area
The Market • Demand estimated by experts 40-250 • Capacity 15 seats / ½ hr x 5 hrs = 150 / day TARGET PER RESTAURANT 50 customers / day achieved in the 6th month • Rapid expansion
Total Investment US$ 75,587 Investment in 3 New Restaurants Cash Flow Analysis
Conclusions • New business model achieving economies of scale • Good price-cleanliness relationship • Recover investment: 2.5 years • Potential for expansion
Q & A If you visit Peru, try ceviche at FastCeviche…