Hello, this is my first time posting in the professional forum.
My name is Luis, I administrate a small, 30 seat restaurant in Anserma, Colombia, a small town.
The business of now is going great, we depend a lot on our daily lunch specials and our weekend dinner services.
Our lunch specials go for a marginal price of $8,500, roughly three dollars. This includes the daily soup/cream, choice of the 2 protein for the day with sauce, starch and salad, juice and a small dessert.
After careful calculations we now know what can be sold for this daily special while still earning a profit at the said price.
As of two days ago the restaurant across the street started selling a lunch menu, offering the same concept as us, plus additional appetizer and coffee for $8,000.
Now, i'm one to continue my business and ignore that unscrouplous competition. But my kitchen staff and my other employees say that what they have done is wrong, that I should look into doing something to compete against them.
I don't really have the experience to deal with a situtation like this, like I said, I'd go about my business and continue selling, but I would really like to get some opinions on this matter. Thank you.
My name is Luis, I administrate a small, 30 seat restaurant in Anserma, Colombia, a small town.
The business of now is going great, we depend a lot on our daily lunch specials and our weekend dinner services.
Our lunch specials go for a marginal price of $8,500, roughly three dollars. This includes the daily soup/cream, choice of the 2 protein for the day with sauce, starch and salad, juice and a small dessert.
After careful calculations we now know what can be sold for this daily special while still earning a profit at the said price.
As of two days ago the restaurant across the street started selling a lunch menu, offering the same concept as us, plus additional appetizer and coffee for $8,000.
Now, i'm one to continue my business and ignore that unscrouplous competition. But my kitchen staff and my other employees say that what they have done is wrong, that I should look into doing something to compete against them.
I don't really have the experience to deal with a situtation like this, like I said, I'd go about my business and continue selling, but I would really like to get some opinions on this matter. Thank you.