Preview

Case Analysis Of Rip And Dry

Good Essays
Open Document
Open Document
2001 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Case Analysis Of Rip And Dry
I. Executive summary
Drip & Dry is a Laundromat that combines both Laundromat and coffee shop services. It is located in Portland, Maine. Drip & Dry recent customers are people, who are in the ranges between 18-51+ years old. Drip and Dry is thrilled to expand by providing variety of food options. Specifically, there is a need to provide lunch and dinner options. For example, Drip & Dry can provide sauce, sandwich, soups and other food options to the customers. Like other businesses, Drip & Dry is working in competitive market from nearby Laundromats. Among the neighboring Laundromats, there are speed queen, Fresh Start, Easy Clean Chenango Econo Wash and Littleton Cleaners. Regardless of this competition, Drip and dry will be successful
…show more content…
Business challenges
a. Current situation of the business
Drip & Dry is a business which provides coffee and laundry services. It is a business that is located in Portland. Drip & Dry’s targeted customers are people in the range of 18-51 ages. There are competitors who are around this business, which also offer the similar products. In order to keep the interest of their customers, Drip & Dry has come up with an idea of providing several products.
However, there are possible challenges that Drip & Dry might face while planning new offerings, or while operating. According to the data from the survey, it is clear that great number of customers is the ones who are in twenties. This means that the targeted customers are youths. There is a probability that some of those customers have the ability to wash their clothes by themselves, and save their money for other purpose.

The good news is that Drip & Dry can do what is known as diversification. According to the free dictionary, diversification is “To give variety to” in the context of what Drip & Dry is doing, it is a way of providing different types of products to the
…show more content…
Budget

The available funding to market new offerings is $20,000. There are many ways of allocating this funding, but it is important to allocate in ways which are less expensive avoid many expenses.
Here is the proposed plan of fund allocation:

Advertisement tool Cost
Magazine Ad $15,000
Radio Ad $4000 per two weeks
Printed Flyers 1,000 $100 printing costs per flyer
Therefore, it means that 10000 flyers can cost $100

VII. Conclusion

Drip and Dry is a business, which provide coffee and laundry services. It is located in Portland, and has been operating for six month. In order for the business to satisfy their customers, they have done a research, and found that customers like how drip & Dry operates. However, customers suggested some changes, including to provide foods option, and to change the opening time.
Drip & Dry has come up with an idea of diversifying their products, by including snacks like sandwiches. However, the challenge is that there are a number of competitors, who might take all the Drip and Dry customers. In order to overcome this challenge, there are several partners that this business can work with such Coastal Catering, Café Ole- primarily Mexican food, and Slammin’ Sandwich

You May Also Find These Documents Helpful

  • Better Essays

    Bus 640

    • 1025 Words
    • 5 Pages

    2. The Palms Dry Cleaning Shop in Fort Lauderdale, Florida, faces a highly seasonal demand for its services, as the snow-birds retirees’ flock to Florida in mid-fall to…

    • 1025 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Smoke Shop Business Plan

    • 437 Words
    • 2 Pages

    Funding sources will include government grants for a small business or minority organization grants. We will also be open to remote investment partners. Our marketing strategy will include word of mouth advertising via quality output has proved our strongest selling point. Advertising in local papers and glossy local magazines.…

    • 437 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    Broadway Cafe

    • 3546 Words
    • 15 Pages

    The Broadway Café first opened its doors in 1952 and quickly became a profitable café known for its variety of specialized coffees and teas, homemade sandwiches, both soups and salads, as well as its full service bakery. Recently I gained ownership of the soup from my grandfather and the task of bringing this 1952 shop to the 21st century. I will use various…

    • 3546 Words
    • 15 Pages
    Best Essays
  • Satisfactory Essays

    Our goals and objects are that we will provide our customers with the largest quality garment care in the industry at a good value and with friendly service. Our associates will be trained to work effectively with the most advanced equipment and the most efficient systems and procedures in the industry. We will continue our leadership in the dry cleaning industry through caring and innovation. The Dry Cleaning Express organization will continuously strive to maintain and protect its standards as a good business neighbor in the communities.…

    • 374 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    For Round 0 the Promotional Budget for all companies in the segment is $800 with Customer Awareness of 49%. The Sales Budget for all companies is $800 with Customer Accessibility of 48% and the December Customer Survey of 21.…

    • 1771 Words
    • 8 Pages
    Better Essays
  • Better Essays

    The Broadway Café is a family inherited coffee shop located in Downtown Detroit, Michigan. The business specializes in coffees, teas, finger foods, soups, and salads. Until Starbucks moved within a two-block radius of the café, many referred to the café as the “one-stop, hot shop”. Grandfather Ryals, conducted a great business in his time. However, new and improved methods are needed to…

    • 3802 Words
    • 16 Pages
    Better Essays
  • Good Essays

    Mgt/230 Week 3

    • 867 Words
    • 4 Pages

    Billions of people across the globe choose to have a cup of coffee each morning to start the day or as a morning work break but coffee has become more than just a drink. Coffee has become an ingrained part of various cultures and coffee shops can be found in most every city around the world. It is little wonder that coffee ranks among the world’s largest commodity markets second only to oil ("Dangerous Grounds: About the Show", 2013). Given diversity and competition in the market, the small startup company of Custom Coffee & Chocolate will require a clear mission statement, detailed business analysis, and tactical plans that will help it to increase market share within the Seattle community.…

    • 867 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Pippedream Case Summary

    • 1115 Words
    • 5 Pages

    The decision regarding whether Gina should continue bootstrapping her side venture Productizer, or start raising capital is one that needs to be carefully thought out. After all, bootstrapping and seeking out funding are both accompanied with a different set of benefits and drawbacks. Gina has positioned her business to where raising capital has become a feasible option. By successfully becoming independent from the SaaS company, partnering with a software developer, having an alpha version being used by three paying customers, and having identified a large potential market of companies that could use the Productizer platform, Gina has taken the preliminary steps potential investors look at.…

    • 1115 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Devices That Tell on You

    • 1737 Words
    • 6 Pages

    Business is booming. The Broadway Cafe is operating better than ever and you have achieved your goal of driving operating costs down, which helps to drive revenues up. One of your best new products is a small coffee press from China. Customer can create a…

    • 1737 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    What Chris and Val discovered was the dry cleaning industry was fragmented, low entry barriers and undifferentiated. The duo started off by working with two professional dry cleaning businesses where they could analyze customer relations, the running and fixed costs, the buying habits and customer retention rate. They found out that the stores were either plant stores or dry stores. The Dry stores are either independently owned or they are owned by plants who own chains. The bridge that Chris and Val are trying to create for the customer is quality and cost of coming to get there cloths dry cleaned.…

    • 2254 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    One Day Laundry

    • 731 Words
    • 3 Pages

    One Day Laundry is a company that recently surpassed its chief competitors to become the largest laundry and dry-cleaning company in Syracuse, New York. The company was merely one of the many neighborhood dry-cleaners, in the Syracuse area 4 years ago. The rapid growth began when the company changed hands in 1966. The owner had then died and his sick wife who couldn’t operate the company anymore has to sell it to two…

    • 731 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Bus 200

    • 217 Words
    • 1 Page

    Economically attractive and timely opportunity based on the hard-working New Yorkers necessities of having dry-cleaning to serve them anytime, anywhere with a reasonable price.…

    • 217 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Marketing a & W

    • 4841 Words
    • 20 Pages

    Lastly, putting into consideration the aspects of our personal selling, sales promotion, direct marketing and advertising costs, the proposed costing for the total campaign will be approximately $137,707.…

    • 4841 Words
    • 20 Pages
    Powerful Essays
  • Powerful Essays

    The Coffee Cup will penetrate these two markets mentioned above by setting up a drive through in a very strategic place where it will have access to these markets. The facility’s will be made in such a way in which it will be able to handle high volumes of traffic coming through and at the same time will be able to maintain the high quality of our products as well as keeping the time needed to prepare the beverages very low in comparison to other coffee places.…

    • 4813 Words
    • 20 Pages
    Powerful Essays
  • Good Essays

    The menu of coffee is divided two parts as dripped coffee and espresso. Including house blended coffee, dripped menu items are made with the way of hand dripping so all the…

    • 532 Words
    • 2 Pages
    Good Essays

Related Topics