V. Competitive Analysis
This Section's Contents
You can download our Business Plan Template (including a full, customizable financial model) to your computer here.
Direct & Indirect Competitors
The following shops are located within a 5-mile radius of [Company Name], thus providing either direct or indirect competition for customers:
Meyer’s Grocery
Meyer’s is a regional grocery store chain that provides residents with all their essential foods: meat, eggs, dairy, bread, etc. Established in 1979, this grocery chain has dominated the region, offering fair prices, a great selection of products, and an award-winning loyalty program. Furthermore, they are known for their great selection of cut meats, which keeps families coming back week after week.
Though we expect Meyer’s to continue to thrive, the reputation for its high-quality meats has been diminishing over the years. Local residents have noticed that the meat quality has changed, but the prices have continued to rise. Many families are looking for another location that offers great quality and variety of cuts. [Company Name] will be able to supply this demand.
Lester’s Butcher And Deli
Lester’s Butcher And Deli established itself in downtown [insert location here] in 2002 and has been a popular butcher for residents ever since. It offers a large selection of deli meats and cheeses for sale and has a small sandwich counter and sitting area that is open during lunch hours.
While Lester’s will continue to thrive, its location makes it inconvenient for residents to reach it. Families who just want to make a quick trip to get some meat each week must commute and find parking to reach Lester’s. [Company Name] is a much more convenient spot for the residents in the surrounding area.
Raleigh Hills Butcher Shop
Raleigh Hills Butcher Shop is a local butcher shop established in 1972. It offers a variety of high-quality meats, including beef, lamb, pork, and chicken. It specializes in quality and neighborhood convenience.
Though popular for its quality, Raleigh Hills Butcher Shop is often criticized for its high prices. It markets itself as a higher-end butcher shop that deters local middle-class families. [Company Name] will provide the same quality cuts that are much more affordable for weekly purchases.
Competitive Advantage
[Company Name] enjoys several advantages over its competitors. These advantages include the following:
- Ambiance: From day one, [Company Name] will offer a friendly and welcoming atmosphere that will make customers feel that they are part of the neighborhood (no matter where they are from). This will feel far more inviting than the corporate feel of local grocery chains.
- Affordability: [Company Name] will cater to working-class residents and therefore price our products accordingly. All customers will receive high-quality meats for an affordable price.
- Location: [Company Name] is located in [specific neighborhood], which makes it a convenient option for nearby residents. Local residents no longer have to commute downtown or deal with stress at the grocery store to purchase the best quality cuts.
