Reids convenience store business plan

Happy Loans Officer g. Reid's Convenience store is prepared to purchase the equipment and inventory necessary to begin operations immediately, upon approval of funding. Reid recognized a need for a store in the area after a neighbouring store closed. Reid conducted a resident's survey asking about the need for a corner store and support was the community overwhelmingly supported the concept.

Reids convenience store business plan

Reid's Convenience store is prepared to purchase the equipment and inventory necessary to begin operations immediately, upon approval of funding. Reid recognized a need for a store in the area after a neighbouring store closed. Reid conducted a resident's survey asking about the need for a corner store and support was the community overwhelmingly supported the concept.

There are no such stores within a 8-block radius, and the target market will include local residents both on and off reserve. Reid will, upon approval of funding, renovate the building, and purchase the necessary equipment and inventory.

Business operations facility, equipment, etc. The store will be open 7 days a week, 9: This is centrally located in the heart of Prince George on reserve land, on the residential property of the Principal.

The Lheidli T'enneh Chief and Council has offered their full support and await a copy of this plan to in order to provide a Band Council Resolution to allow Mr. The store will be situated in a square foot building that is owned by the principal, it will be renovated with the appropriate shelving, refrigeration and cash counters required for operation.

The building will consist of 3 rooms, an office, a washroom and the main store area. Reid's Convenience Store will have two employees, one full-time and one parttime.

Reid will be the sole owner and primary operator for Reid's Convenience Store. Reid has extensive retail experience in the retail grocery business as a supervisor for a local supermarket and has worked at a high volume hardware-store and also a government liquor store.

Reid will assist in daily operations of the store, and will handle bookkeeping and financial reporting. Within five years it is anticipated that the company would analyse the viability of hiring a another part-time employee for 4 hours per day however at this time there are no plans to hire any more employees within the first three years of business.

Management team background and experiences: Reid has extensive retail experience that is crucial to the type of business he is opening.

He has worked in retail sales for 15 years and is experienced with all aspects of daily operations including ordering, receiving, budgeting, merchandising, and daily banking. Reid is particularly skilled in public relations, is very organized, is able to work independently, is reliable, dependable and hardworking.

A resume and 2 letters of reference are attached in the appendices of this document. The customers that the store will target are the local residents and the Lheidli T'enneh First Nation members.

The area has no other such convenience store in a 8 block radius, local residents grocery needs being filled by Overwaitea Foods, Safeway, or PGA Food Market, all in the town of Prince George. This business had a proven market that Reid's Convenience Store will capitalize upon.

The experience that Mr.

Reid brings to the endeavour is invaluable, he has product knowledge, is familiar with large chain pricing and techniques, and their sales strategies. While working for the local grocery store Mr. Reid established valuable wholesale contacts he will utilize in the new business. Reid conducted a survey within the Lheidli T'enneh First Nation 35 households and the results indicated that a small convenience store with overwhelming support for the concept.

A copy of the survey is attached in the appendices of this business plan. Reid's Convenience Store has a potential target market, as follows: A large secondary target group will be children and teens that regularly purchase candy, soft drinks and other fast-grab foods. The client base covers the area as listed on the map below: The business will succeed due to a variety of factors.

Reid's experience in retail grocery sales Mr.Business logo: Reid’s Convenience Store Business Plan No Page 8 Mission Statement: Reid's Convenience Store will strive to provide superior customer service and the highest quality groceries at an affordable price, while operating as a profit and growth oriented business.

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reids convenience store business plan

Reids Convenience Store Business Plan April Ben Reid Reid's Convenience Store Whenun Road Prince George, BC, V2K 5G5 Phone: () Fax: () E-Mail: [email protected] Executive Summary: Applicant/Company Information a.

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