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The aim of my assignment is to find out whether there is a wide enough market to open a newsagents in Timperley, Manchester.

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Introduction

Introduction The aim of my assignment is to find out whether there is a wide enough market to open a newsagents in Timperley, Manchester. I will carry out research in Timperley. I will do background information on the area and carry out a survey of the area. I will do research in finding out a suitable location for a shop that is possible to buy/rent. I will need to research the price of stock, the selling price of the stock and the demand for that product. In Timperley there are already a newsagents, so I will have to be competitive or pick a location away from the existing newagents. I will analyse the information from my research and evaluate whether it will be a good location for a newsagents to be opened. I will then calculate the break-even point and estimate the monthly profit/loss. Research Location I have found a shop on Wood Lane shops that has recently closed due to exhilaration of their lease; this shop used to be a newsagent and is located near two schools. Housing surrounds it, so the amount of customers will be a lot. Ownership The type of ownership for my business will be a partnership. This is the most obvious choice as there will be two people involved. My business partner and me. ...read more.

Middle

* Under 11 * 12 - 16 * 17 - 21 * 22 - 31 * 32 - 50 * Over 50 Do you read the Newspaper? * Yes a) If yes, how often. * Daily * Every Other Day * Twice a Week * Weekly * Less b) If yes, would you buy them? * Yes * No Do you think a newsagent on Wood Lane would be useful? * Very * Quite * Not Sure * No * Definitely Not How often would you visit the newsagents? * More than once a day * Daily * Every other Day * Once a week * Less than once a week What would you buy? ____________________________________________________________________________________________________________________________________________________________ How much would you spend there a week? Source of finance A bank loan will be initially available to the business. This provides a lump sum that is repayable with monthly instalments, which would make setting up easier in the first two years. A fixed interest rate will be supplied making the repayments more costly in the long-term, but provides capital for start up costs and will help with the initial losses. HSBC would offer a loan of �8,000 at 11.9% APR over a period of 36 months at �265.33 a month. Total repayment would be �9,551.88 meaning a long-term loss of �1,551.88. This is quite substantial, but allows for the business to be able to set up and market adequately. ...read more.

Conclusion

This question was chosen so we know how many newspapers we could sell. Tally Frequency Yes IIIII IIIII IIIII IIIII I 21 No IIIII 5 Most people will want to buy a paper. The demand for this product is high. Question 4 Do you think a newsagent on Wood Lane would be useful? This can be used to make a prediction of the amount of customers there will be. Useful? Tally Frequency Yes IIIII IIIII IIIII IIIII III 23 No IIIII II 7 A lot of people would find this newsagents useful. Question 5 How often would you visit the newsagent? This can be used to make a prediction of the amount of customers there will be. Useful? Tally Frequency More than daily IIIII 5 Daily IIIII IIIII IIIII 15 Every other day IIIII I 6 Weekly III 3 Less than weekly I 1 A lot of people would visit frequently. Question 6 What would you buy? This can be used to estimate the stock needed. Buy Tally Frequency Chocolate IIIII IIIII II 12 Tobacco III 3 Newspapers IIIII IIII 9 Magazines III 3 Drink IIIII II 7 Toys II 2 Stationary I 1 Crisps IIIII IIIII II 12 Chocolate and Crisps sell well. Question 7 How much would you spend there in a week? This can be used to calculate sales revenue. �25 �4 �22 �3 �24 �10 �8 �20 �25 �10 �2 �8 �25 �17 �8 �6 �14 �27 �17 �12 �32 �14 �17 �20 �2 �3 �2 �13 �19 �1 The average is: �13.66 a week ...read more.

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