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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.
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.
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.
Following the successful establishment of this pilot business, for the longer term the proprietor is considering commencing a franchise operation that will expand into other rural locations throughout the UK and Ireland.
The growth of supermarket chains within the past few decades, with their share of the grocery market rising to 75% in 2006.
The objective for the business is to create a quality alternative convenience shopping experience for the consumer, one that will bring quality service at competitive prices.
In addition, this experience will address the true meaning of convenience, being located a few steps away from their door at a time when they need to avail themselves of the products being offered for sale.
Other financial considerations Cost Appendices Appendix 1 – Cash Flow Forecasts Due to the impact of supermarkets growth and rising costs the numbers of local and convenience stores are declining, particularly in rural areas.
The two stores will be of different sizes, with the larger on being based upon a refurbished coach, with the smaller vehicle being either a reasonable sized van or smaller coach version.