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Part 1: Boxhill Pubs In 20013 Louis was planning to open a family pub and restaurant in Boxhill, the large village where he lived. There
Part 1: Boxhill Pubs In 20013 Louis was planning to open a "family" pub and restaurant in Boxhill, the large village where he lived. There were already two other pubs that serve food in the village, but a big new housing estate, of mostly one and two bedroom houses, was due for completion in Boxhill at the start of 2014 . Louis wanted to open his pub (the Golden Crown) to coincide with the completion of the estate. Having spent a lot of time and money on market research, Louis came up with some estimated figures about the local restaurant. Louis is confident that there is plenty of room for his new business in the market. Louis' estimates are shown below. (The term 'turnover' means total sales for the business). a) Calculate the total size of the Boxhill restaurant market in 2018. (2 marks) b) Assuming Louis's forecast is accurate; calculate market growth between 2018 and 2019. (2 marks) c) Calculate the market share of The Swan in 2019. (2 marks)
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