Avonmore Restaurant Enterprises Presentation

Presented by : Darshak Lukhi

AVONMORE RESTAURANT ENTERPRISES

TOPICS

• Christchurch Information

• NZ Economic Environment

• Social Environment

• Business Cost

• Real Estate and Rents

• Legal Environment

• Financial Business management

• Competition

• Location east cost of south New Zealand’s

South Island

• Population 341,469 in 2013 (Statistics NZ)

• ClimateAverage Temperature: 23’ celMinimum temperature: 2’ cel

• CultureOutdoor activitiesBarbequeSwimming

CHRISTCHURCH INFORMATION

CHRISTCHURCH INFORMATION

• Quake Two Quacks in 2010/2011 185 people lost died Buildings were damaged in

central area

CHRISTCHURCH INFORMATION

• Rebuild

• Festivals

• Key IndustryConstructionTrade Hospitality

• Main Entertainment: CBD Riccarton

CHRISTCHURCH INFORMATION

ECONOMIC ENVIRONMENT• Inflation:

The Inflation Rate in New Zealand averaged 4.80 % from 1918 until 2015, reaching an all time high of 44 % in the third quarter of 1918 and a record low of -15.30 % in the first quarter of 1923 (Statistics New Zealand).

ECONOMIC ENVIRONMENT• Unemployment: There are always new people entering the labour force and others changing jobs,

there is always some level of unemployment. Therefore, the unemployment rate is not expected to ever fall to zero.

ECONOMIC ENVIRONMENT

• Economic Growth Rate: The Gross Domestic Product (GDP) in New Zealand expanded 2.60% in the first quarter of 2015 over the same quarter of the previous year. GDP Annual Growth Rate in New Zealand averaged 2.29% from last three decades according to Statistics New Zealand.

ECONOMIC ENVIRONMENT

• Other Economic Outlook: Business Confidence in New Zealand averaged 6.32 from 1970 until 2015 (ANZ Bank New Zealand).

NZ Society Culture of indigenous Maori people Languages

SpokenSign

Outdoor Activities, sports and art

Events and festival Beer, Easter and Christmas

SOCIAL ENVIRONMENT

BUSINESS COST

Telecommunication

$149 per Month (inc, GST)

Gas, Power, Water

• Gas – 9 KG bottle for $28

• Power Vary from company to company

• Water charges including in town rates bil

Minimum Wage

• 14.75/hour

RESOURCES FOR BUSINESS

• Equipment supplier Canterbury Catering Equipment Fat Traps Burns and Ferrall Ltd

• Raw Material Supplier Fresh Foods Bidvest

• Advertise and Media Social Media Bus back

REAL ESTATE AND RENTS

• Commercial property rental rates per square meter $106 i.e. 174 ST Asaph st, Central City

LEGAL ENVIRONMENT

• Liquor Licensing

• The Human Right Act

• Health and Safety Act

FINANCIAL BUSINESS MANAGEMENT

• Interest rates on loan

• Kiwi saver obligation

• Tipping

COMPETITION

Main two types of competition

• Direct competition:

1.Becks Southern Ale house

2.Dux Dine

• Indirect Competition

1. McDonalds

2. Burger King

CONCLUSION

• Growing Hospitality industry

• Tourism attractions around the city

• Increasing international tourists

• Rate of GDP .20%

RECOMMENDATION

• Licensing

• License for open restaurant

• Liquor License

• Location

• In Christchurch City Central