What Location Would be most suitable for the new business?

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Andrew Kratke BUSINESS STUDIES

What Location Would be most suitable for the new business?

1.1 I have chosen a suitable area for Julie and Steve’s business and now I need to choose a location situated in Prettygate.   I think the business would be a success if I can get the marketing mix right A.K.A the four P’s.   The marketing mix is the most valuable asset to a new business because if you choose a successful mix your business is destined for success.  

The four P’s are

 -Place

 -Price

 -Product

 -Promotion

 1.2 I think the location is one of the most important factors if not the most important. location is so important because you need people to acknowledge your business is there to get sales and if your business’s location is one where a lot of traffic passes through more people will see it and possibly make a purchase.

2.0

 I have chosen three sites from the Prettygate area that I see as good possible buys for Julie and Steve.

 -Charity shop

 -The co-op

-Chinese restaurant

These are all good areas, which have a lot of passing traffic that could end up to be potential customers.

 

2.1

I chose the charity shop because it is visible from the whole high street. We could benefit on the passing traffic from the library, which is to the rear and the co-op, which lies directly opposite.   It has good accessibility, as there is a door to the rear with also double doors to rear car park and loading area.   The parking shouldn’t be a problem as there is a car park placed very near the property.   The cost of the property is not that high as the property is not that big but I think that would be ok as we do not need that much room to work in as we will be mainly dealing in take-away.   I think this property has some very good valid points that could make this business a potential success.  

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2.2

The co-op would be an ideal property for Julie and Steve for various reasons but I think it is not very practical for different reasons.   The co-op is very visible from the whole shopping area as it continues along the bend, which makes it very visible from the whole street.  Access is ideal as there is access via the back with a big loading area.  The property has 4 automatic doors, which makes it very easy to access for pedestrians and people arriving on cars could use the car park.  There is a massive amount of ...

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