Hello all,
If I had to estimate the daily revenue of a nearby Starbucks store, I would look at the bottleneck (i.e number of cashiers) * max. number of customers served by 1 cashier (60 minutes / time to serve 1 customer (I'm assuming that the same cashier would collect payment, craft the customer's drink and serve it)) then adjust with peak & non-peak hrs and utilization rate for peak & non-peak (assuming a particular weekday). Then multiply with average ticket price.
Would you agree with the above solution?
And which bottleneck would be more reasonable? Number of seats or number of cashiers?.
Thanks