Status :
Price Per Share
$550
Earning Monthly
$82.5
Fix Profit
$74.25
Description
Restaurant is an exciting new theme concept offering fresh food served almost all type of people (ethnic, Arab, Asians…etc). The creators of this concept, are seeking to raise investment capital for complete renovation, obtain financing and secure an ideal location for the restaurant. The restaurant will serves high quality Arabic meals with unique recipes that differentiate us from other competitors. The service style will be a well designed and decorated reception service featuring a professional wait staff as all customers once entering the restaurant our staff will welcome them at the counter to be ready to take their orders. There are two main reasons that Romance Night Restaurant will succeed in Dammam: first is the lack of direct competition near to the location chosen, the second is the high demand for a product like this in Dammam. Dammam is in preparation for a large population growth period, the current population of the greater area is over 600,000 according and expanding. The restaurant will offer additional services including takeout and delivery.
Prospects
The Eastern Provinces Municipality says there are currently over 600,000 people. populating this metropolitan area. Using basic demographic characteristics of age, gender, income, location, food preferences, ethnicity, and an estimate of 300,000 potential customers was used in developing this plan. The Arabian Open University of Dammam was established in 2010, and currently has over 30,000 students. It is expected to gradually increase in size as it has over the previous years. Across the street from the University is Dammam Main Hospital, which currently employs over 3,500 people (according to a hospital information representative). Military residential area which have around 1500 – 2000 population; 90% of them are single and have their lunch and dinner from restaurant (mainly takeout or delivery). The restaurant location is very close to all of above mentioned.
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