Grocery Store Business Plan

Grocery Store Business Plan-44
To facilitate the attractiveness of the investment, it is intended to set the business up as a limited company, which will provide the investor with formal shares, which will pay out dividends as well as having the potential for capital gain return.In terms of legal requirements, the owners are aware that the business will need to comply with all the health and safety regulations relating to food retailing.

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However, a detailed financial plan has been constructed and is attached within the appendices at the end of this plan.

This shows that the business requires funding of £X, XXX, XXX to complete its programme.

The disadvantage of this situation is that any price benefit gained from their shopping is eroded by the extra cost and inconveniences they experience.

It is these problems that our mobile service is intended to address.

The mobile shops will operate on a time slot basis at convenient locations that will serve between one and three streets.

Dependent upon demand, each area will be allocated between one or two slots a week.The statistics also show that the position in respect of independent stores is being exacerbated by the increase in the share that supermarkets and multiples are taking of the convenience retailing market.For example, Tesco now has a 6% share of the convenience store market.It is anticipated that each slot will cover a time period of one and a half hours.With hours from 7.30 am to 9.00 pm, and allowing for thirty minutes travel between slots and six day opening, this provides the business with seven retailing slots per day, equalling 42 retail slots per vehicle per week.In addition, if the product range is to include alcoholic, tobacco and other legally controlled products, the relevant licences will need to be applied for.Latest statistics show that the numbers of local and convenience stores, particular those that are independent, are continuing to decline, and there is little sign of this situation being reversed within the foreseeable future.Valuable time and money is having to be spent by these consumers in having to arrange for transportation or to take time off work in order to do their shopping at distant supermarkets.Furthermore, there is a need to purchase additional supplies during these visits as they have no convenient store from which to satisfy sudden extra need or impulse buying requirements.You can view samples of our professional work here. Financial Situation and Legal Requirements Section 3 – Industry Analysis 3.1. Provisionally named North Wales Mobile Grocery (NWMG) the business, whilst not a new concept, is innovative in that it brings all of the benefits of convenience shopping close to the door of the consumer whilst at the same time eliminating many of the shopping difficulties experienced by consumers in rural areas, particular those in the older age segment, single families and with busy lifestyles.Any opinions, findings, conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of UK Essays. The business plan is being presented with the intention of seeking a partnership with a branded grocery organisation that will provide the capital investment to assist with its development and future growth programme.


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