What is the best option for making up the loss revenue and explain why.(be specific as possible)
Food Stand Food TruckDeluxe Vending Machines FIXING THE FOOD SITUATION Average Ticket Per Person $ 14.50 $ 20.67 $ 13.30 Due to the location where the new ride is being built, visitor Average # of Customers Per Day 320 175 63 access to one of the Paradise Park's two sitdown restaurants Average Turnaround Time (Minutes) 5 12 n/a will be blocked off for the duration of construction. That's why Staff Size Per Location 2 3.5 the management team has asked you to determine their best option for making up that revenue-and making sure visitors have plenty of locations to purchase food while they're at Option 1: Food Stands Paradise Park. Even before construction on the new ride Currently, there are five concepts of food stands, including: hot dogs, soft pretzels, turkey began, increasing access to food and beverages for guests legs, sandwich wraps and funnel cakes. This approach will double the existing number of food stands across the park by adding two more of each food stand concept-six of which was already a priority in the park's three-year plan. will concentrate in areas near the construction zone. Each stand will cost approximately $5,000 to purchase and get up and running Using all the information you have at your disposal, weigh each option and choose the option you think will Option 2: Food Trucks be best for making up the loss revenue and then explain This approach would be something totally new for Paradise Park and will include adding why your choice is the best one (be specific as possible) four park owned food trucks serving different cuisines (burgers, pizza, tacos and dumplings). Each truck would cost around $30,000 up front, have 3-5 options on the menu and require three employees to run. A handful of tables would be available near each truck for visitors to use. Option 3: Deluxe Vending Machines While popular in Asia and parts of Europe, deluxe vending machines are still somewhat novel to an American audience. Going this route will entail adding two vending areas to the park, each housing eight vending machines (costing close to $10,000), that offer a variety of street foods from across the world. One of the vending areas will be located near the construction zone and the other will be located more centrally within the park between Wild Wild Wood and Fear Factory. Food for the machines would be cooked in the kitchen of the closed-off restaurant by a total of three cooks servicing both locations and refilled as 8