Business location Choice of ownership: sole trader Name of business: Poplar newsagent Area: Poplar

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Agne Griauslyte

Task 3: Business location

Choice of ownership: sole trader

Name of business: Poplar newsagent

Area: Poplar

To all businesses one of the most important things is where the business is located. The correct location is crucial in order for business to be successful. Bad location can cause a lot of problems and cut down the profit. Good business location attracts more customers and increase profit. The following are factors considered by Poplar Newsagent when choosing their location.

As a business you have to be near your customers. Poplar Newsagent owner chose to locate its business in Poplar because it is near college flats and houses. This is where most customers come from. Only few minutes away from Poplar Newsagent is Tower Hamlet College. Students come to Poplar Newsagent at lunch time to buy things they need. They come to buy snacks, drinks, cigarettes and other things. Also teachers from Tower Hamlets College come to Poplar Newsagent to buy the same things. Usually student and teachers from Tower Hamlets College come to the shop to buy cigarettes, because newsagent shop which is inside the Tower Hamlets College doesn’t sell cigarettes. Also people from flats and houses come to the Poplar Newsagent to buy things they need, milk, bread and other necessary things.

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A good transport link is very important to some business. Poplar newsagent is located only few meters away from Poplar DLR station. Trains go to different areas, such as Stratford, Becton, Lewisham and Tower Gateway, when people are going to their job, they like to read some newspapers or magazines, some people event have their breakfast in the train! So it is very important to Poplar Newsagent to open up very early. People want to buy newspapers, magazines and snacks, so they don’t get boring while they are traveling. Also Poplar newsagent is very close to Bus stop. Some ...

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