Summary Of Raw Data For Location Of Happy Buns In Columbus

Summary Of Raw Datafor Location Of Happy Bunsin The Columbus Ohio Ar

Summary of raw data for location of Happy Buns in the Columbus, Ohio, area. Criteria include location, traffic count (average thousands per day), net present value (NPV) of investment in thousands of dollars, building size in thousands of square feet, maximum customer parking lot size, annual insurance costs in thousands of dollars, and access quality (subjective rating).

The data set comprises six locations with varying attributes:

• Abberton: Traffic count of 2, NPV of investment worth $0.2 million, building size of 0.3 thousand sq ft, lot size not specified, insurance costs $0.2 thousand per year, access rated as good.
• Bellview: Traffic count of 6, NPV of $0.6 million, building size 0.6 thousand sq ft, lot size not specified, insurance costs $0.6 thousand per year, access rated as excellent.
• Casstown: Traffic count of 0, NPV of $0.0, building size 0.0 thousand sq ft, lot size not specified, insurance costs not specified, access rated as fair.
• Denton: Traffic count of 4, NPV of $0.4 million, building size 0.0 thousand sq ft, lot size not specified, insurance costs not specified, access rated as poor.
• Eddington: Traffic count of 3, NPV of $0.3 million, building size 0.0 thousand sq ft, lot size not specified, insurance costs not specified, access rated as good.

This data provides a comparative overview of potential sites for Happy Buns, highlighting key factors like traffic volume, investment viability, facility size, parking, insurance costs, and accessibility to facilitate decision-making regarding optimal location selection in the Columbus area.

Paper For Above instruction

The strategic selection of a location is critical for the success of a new restaurant, such as Happy Buns, in the competitive environment of Columbus, Ohio. A comprehensive analysis of raw data across multiple potential sites must encompass various factors including traffic volume, financial viability, physical attributes, parking capacity, insurance costs, and accessibility. This paper analyzes the raw data provided for six locations within the Columbus area to determine the most suitable site for the expansion of Happy Buns.

Introduction

Choosing an optimal location involves evaluating both quantitative and qualitative data. Traffic count serves as an indicator of potential customer flow and visibility, directly impacting sales revenue. The net present value (NPV) of the investment indicates the financial feasibility and expected profitability of establishing a presence at each site. Physical attributes, such as building size and lot capacity, influence operational capacity and the ability to accommodate customer demand. Additionally, subjective assessments of access and parking significantly affect customer convenience and overall experience, which are essential for repeat business in the restaurant industry.

Analysis of Raw Data

The data set contains five locations with varying characteristics. Bellview emerges as the most attractive location, with the highest traffic count of 6,000 vehicles daily, and an excellent access rating. Its NPV of $0.6 million indicates promising financial viability, and its building and parking capacities, although not explicitly detailed in size, suggest sufficient space for a functional establishment.

In comparison, Abberton has a lower traffic count of 2,000 vehicles per day but presents a favorable access rating as good, alongside an NPV of $0.2 million. Conversely, Casstown shows negligible traffic (zero), zero investment return, and minimal physical attributes, indicating it may not be a practical choice unless future development or demographic changes occur.

Denton and Eddington, with traffic counts of 4,000 and 3,000 respectively, display moderate potential. However, the poor access rating in Denton and the limited data on building and parking sizes diminish their attractiveness. Eddington, with a good access rating and an NPV of $0.3 million, warrants further consideration, provided physical site conditions are adequate.

Decision-Making Criteria

Effective decision-making must weigh traffic volume, as higher traffic often correlates with increased customer visits. The NPV indicates the potential return on investment, guiding financially sound choices. Physical size, parking availability, and access quality factor into operational convenience and customer satisfaction.

Bellview stands out with the highest traffic and access ratings, making it the most promising candidate. Abberton, despite its lower traffic, could serve as a secondary location if accessibility enhances customer flow. Casstown’s zero traffic and negligible physical attributes eliminate it from immediate consideration unless strategic plans change.

Denton and Eddington occupy middle positions but require a closer look at physical site characteristics and future development prospects before making final decisions.

Conclusion

Analyzing raw data is crucial in selecting the most suitable location for Happy Buns in Columbus, Ohio. Based on the data, Bellview appears to be the most advantageous site due to its high traffic volume, excellent access, and promising financial outlook. However, further detailed assessments should include physical site inspections and demographic studies to complement quantitative data. Ultimately, integrating all relevant factors will enable a strategic and profitable expansion of Happy Buns within Columbus.

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