Professional Documents
Culture Documents
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P HILOSOPHY
The FAVE vision is to change the way people eat. With a simple core philosophy of good food that just happens to be meat-free, the company strives to achieve the mission to bring mass-market accessibility and acceptance to the genre of quick, wholesome and delicious meat-free cuisine.
K EYS
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S UCCESS
FAVE has an internal core set of drivers that make it unique. The following list represents the controllable keys to success of the concept: The Food: a dynamic mix of taste-first proprietary food designed to be premium to competitors in the local fast casual category. Quality and taste has the ability to covert omnivores and impress non-vegetarians
The Service: a strategically designed environment and set of offerings to effectively deliver key service periods of lunch and dinner The Message: a sunny, summery communication platform that strategically avoids the typically negative vegetarian baggage including animal rights and the environment The Theatre: a natural, handcrafted soda program set to become a beverage barista experience The Supply: a partner network of distributors, manufacturers and consultants ready to deliver an impossible-to-copy menu of great food that just happens to be meat-free The Finances: strict and rigorous cost controls and financial management The Management: strong industry experience, complimentary skill sets, large social networks and passion to drive the concept long-term
FAVE relies on an external set of opportunity drivers that provide a platform for significant growth. The following list represents the market forces key to success of the concept: Health: the individual need to combat increasingly sedentary lifestyles with a healthy, low cholesterol, low fat, high vegetable diet Category: explosive growth in the fast casual restaurant market in North America Trend: media, television, and pop culture support for increasing vegetable consumption, the vegetarian shift and the vegan movement Politics: continued pressure from national, provincial and municipal government organizations to recommend, develop and fund healthier lifestyle options to offset ballooning health care costs
C OMPANY L OCATIONS
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F ACILITIES
The first three FAVE restaurants are targeted to open within the urban centre of Vancouver, British Columbia. The targeted neighbourhoods include Kitsilano (4th Avenue), the North East Robson Street Corridor, South Granville, South Cambie Corridor, Yaletown and Gastown.
International Expansion
One will note the business model of FAVE has been designed to be scalable. From the vision to the supply chain, from the product offering to the brand, a mass-market, crosscultural direction has been deliberately planned. Noting the successes of contemporary meat-free fast casual competitors in localized markets around the world, including Singapore, Los Angeles, Boston, and Toronto, FAVE has an increased potential for US and international growth.
As vegetarianism is particularly strong in a number of countries, FAVE is looking toward the horizon to target the following countries for international expansion, after the US market: UK, The Netherlands, Belgium, Germany, Australia and India. The Indian market alone is estimated to have more than 400,000,000 people who do not eat meat.