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  • 28-10-2009 11:56pm
    #1
    nasceiri
    Closed Accounts Posts: 16 ✭


    Hi,

    I'm thinking about opening a new shop in a small parish with a good but well spread population.

    Not sure where to start though (have just made contact with local enterprise board etc.) in terms of who supplies me outside of whole salers etc. I know it sound stupid but when you see the prices of some goods in shops like. 24 cans of Coke for €10 you'd wonder where thwy buy them from!

    Hope somebody can help.

    Thanks


Comments

  • #2
    Atlas_IRL
    Registered Users, Registered Users 2 Posts: 1,857 ✭✭✭Atlas_IRL


    musgraves


  • #3
    padocon
    Registered Users, Registered Users 2 Posts: 2,218 ✭✭✭padocon


    Cash n Carry.


  • #4
    Brenda Kelly
    Closed Accounts Posts: 4 ✭Brenda Kelly


    Hi,

    Before you consider going any further you would want to access the competition within your immediate market, ie the parish you are considering setting up in. Where is the nearest big shopping centre also.
    Then you need to look at the demographics of the catchment area.

    Most small convenience stores are now part of a franchise and hence benefit from the economies of scale enjoyed by these groups. It would be worth looking into what is involved there.

    Some bigger towns have independent cash and carries outside of Musgraves but whether there pricing would be any keener then Musgraves is debatable.

    Obviously next step is to look at business plans and see whether the business is viable.

    Best of luck

    Brenda


  • #5
    Atlas_IRL
    Registered Users, Registered Users 2 Posts: 1,857 ✭✭✭Atlas_IRL


    I'd recommend doing a through business plan before you think about proceeding.

    Also for shops i was at a conferance last week and the guy recommended these steps for a coffee shop example.

    Steps
    1. Footfall: Get out there and see how many people are around at times, especially the busy periods. You will need this for your sales forecast.
    2. Numbers What people are buying In the competitors shops
    3. Work out the costs, is there sufficient people?
    4. Do the maths.


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