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•  Agha’s	
  supermarket	
  
•  Agha	
  M.	
  Hamza	
  Pathan	
  
•  6012849	
  
•  Riccardo	
  Benzo	
  
Primary	
  Research:	
  First	
  hand	
  research	
  was	
  
conducted	
  through	
  a	
  survey	
  carried	
  out	
  on	
  
Middlesex	
  Street	
  and	
  CULC.	
  I	
  also	
  interviewed	
  an	
  
employee	
  of	
  a	
  supermarket	
  on	
  Middlesex	
  Street	
  
to	
  get	
  to	
  an	
  esOmated	
  number	
  of	
  customers	
  per	
  
day.	
  
Secondary	
  Research:	
  Data	
  was	
  derived	
  from	
  
databases	
  such	
  as	
  Mintel,	
  Passport	
  Recommended	
  
textbooks	
  such	
  as	
  The	
  New	
  Business	
  Road	
  Test	
  by	
  
Mullins,	
  MarkeOng	
  Management	
  by	
  Proctor,	
  etc.	
  
Business	
  Model	
  
Biz	
  opportunity	
  
•  History	
  
–  Caribbean	
  communiOes	
  have	
  been	
  in	
  
England	
  since	
  1948	
  aVer	
  WW2.	
  Post-­‐
colonialism,	
  Chinese,	
  Indian	
  and	
  
Pakistani	
  people	
  began	
  migraOng	
  to	
  
England	
  in	
  hopes	
  of	
  beYer	
  living	
  
standards	
  and	
  finding	
  jobs.	
  	
  
–  Locals	
  have	
  developed	
  a	
  taste	
  for	
  
foreign	
  foods	
  as	
  well,	
  which	
  is	
  
demonstrated	
  by	
  ethnic	
  foods	
  
becoming	
  mainstream	
  at	
  stores	
  like	
  
Tesco	
  and	
  Sainsbury	
  (BBC	
  2015).	
  	
  For	
  
example,	
  hoummus	
  which	
  was	
  
introduced	
  by	
  Waitrose	
  in	
  the	
  1960s	
  is	
  
now	
  a	
  common	
  food	
  at	
  supermarkets.	
  	
  
–  	
  As	
  travel	
  became	
  more	
  frequent	
  with	
  
the	
  advent	
  of	
  technology	
  the	
  tastes	
  of	
  
people	
  began	
  to	
  grow	
  as	
  they	
  
experienced	
  new	
  cultures.	
  
•  Trend	
  
–  Forbes	
  recorded	
  ethnic	
  stores	
  as	
  one	
  of	
  11	
  most	
  sizzling	
  businesses	
  for	
  new	
  
companies.	
  It	
  comprises	
  of	
  retailers	
  offering	
  a	
  socially	
  assorted	
  or	
  specialty	
  
items.	
  Ethnic	
  Supermarkets	
  have	
  become	
  enormously	
  successful	
  (IBIS	
  2011).	
  
Barriers	
  to	
  entry	
  are	
  low	
  and	
  capital	
  intensity	
  is	
  medium	
  (Forbes	
  2011).	
  	
  
•  Gap	
  
–  An	
  ethnic	
  supermarket	
  that	
  provides	
  Pakistani,	
  Chinese	
  and	
  Afro-­‐Caribbean	
  
ready	
  made	
  meals,	
  snacks	
  and	
  ingredients.	
  The	
  service	
  will	
  be	
  differenOated	
  
as	
  well	
  as	
  the	
  products	
  as	
  people	
  who	
  will	
  specialize	
  in	
  the	
  products	
  available	
  
and	
  be	
  able	
  to	
  assist	
  consumers	
  beYer	
  will	
  greet	
  each	
  customer.	
  Layout	
  will	
  
be	
  easy	
  to	
  navigate	
  and	
  premium	
  quality.	
  	
  
•  Plans	
  for	
  expansion	
  
–  This	
  will	
  be	
  developed	
  into	
  a	
  chain	
  of	
  stores	
  so	
  the	
  people	
  who	
  do	
  not	
  live	
  
near	
  ethnically	
  concentrated	
  localiOes	
  will	
  have	
  access	
  to	
  the	
  products	
  they	
  
need.	
  All	
  products	
  will	
  be	
  labeled	
  in	
  English	
  on	
  the	
  shelves	
  to	
  provide	
  
maximum	
  informaOon	
  to	
  customers	
  who	
  might	
  not	
  know	
  the	
  language	
  as	
  they	
  
are	
  second	
  or	
  third	
  generaOon	
  BriOsh.	
  	
  
Macros:	
  Drivers	
  and	
  Forces	
  
Macro	
  Industry	
  
•  Threat	
  of	
  New	
  Entrants	
  (Medium)	
  
•  Buyer	
  Bargaining	
  Power	
  (Low)	
  
•  Threat	
  of	
  SubsOtutes	
  (Medium)	
  
•  Supplier	
  Bargaining	
  Power	
  (Low)	
  
•  CompeOOve	
  Rivalry	
  (Medium)	
  
Macro	
  Market	
  
Social:	
  Home	
  cooking	
  became	
  popular	
  post-­‐
recession	
  and	
  3	
  in	
  5	
  people	
  enjoy	
  ethnic	
  food	
  
(Soininen	
  2011).	
  	
  
Historical:	
  Caribbean	
  communiOes	
  have	
  been	
  in	
  
England	
  since	
  1948	
  aVer	
  WW2.	
  Post-­‐colonialism,	
  
Chinese,	
  Indian	
  and	
  Pakistani	
  people	
  began	
  
migraOng	
  to	
  England	
  with	
  hopes	
  of	
  finding	
  jobs.	
  
Technological:	
  This	
  store	
  is	
  going	
  to	
  be	
  interacOve	
  
so	
  consumers	
  can	
  get	
  informaOon	
  (incl.	
  
translaOons)	
  on	
  a	
  product	
  simply	
  by	
  taking	
  a	
  
picture	
  on	
  their	
  phones	
  with	
  the	
  Agha’s	
  app.	
  	
  
The	
  presence	
  of	
  foreign	
  cultures	
  
in	
  London	
  makes	
  it	
  a	
  compeOOve	
  
market.	
  People	
  favour	
  ethnic	
  
food	
  so	
  new	
  entrants	
  are	
  enOced.	
  
Mobile	
  apps	
  and	
  QR	
  codes	
  enable	
  
customers	
  to	
  check	
  products.	
  
Suppliers	
  all	
  over	
  the	
  world	
  
means	
  suppliers	
  are	
  plenty.	
  
Strategy	
  
•  Market	
  research	
  results:	
  
–  Primary	
  
•  QuesOonnaires,	
  interview	
  	
  
–  Secondary	
  
•  Mintel,	
  Passport,	
  OneNote,	
  
Forbes,	
  IBIS,	
  etc.	
  
•  Segment	
  
–  London	
  has	
  a	
  very	
  diverse	
  populaOon	
  
and	
  this	
  is	
  the	
  perfect	
  opportunity	
  to	
  
cater	
  to	
  those	
  markets.	
  Tesco,	
  ASDA,	
  
Sainsbury’s,	
  Morrison’s	
  and	
  others	
  
currently	
  dominate	
  the	
  market	
  
(Euromonitor	
  2010).	
  More	
  than	
  a	
  
quarter	
  of	
  market	
  share	
  is	
  unbranded	
  
and	
  small	
  supermarkets	
  and	
  Agha’s	
  can	
  
take	
  this	
  share	
  easily.	
  	
  
•  Strategy	
  selecOon	
  
–  Market	
  PenetraOon	
  
Work	
  
43%	
  
Live	
  
17%	
  
Study	
  
33%	
  
VisiOng	
  	
  
7%	
  
Nature	
  of	
  Visit	
  
Would	
  you	
  like	
  a	
  one-­‐stop	
  soluOon	
  
ethnic	
  supermarket	
  on	
  Middlesex	
  Street?	
  
Yes	
  
80%	
  
No	
  
20%	
  
Demand	
  
Is	
  personalized	
  service	
  important	
  to	
  
you?	
  
Yes	
  
73%	
  
No	
  
27%	
  
Personalized	
  Service	
  
Campaign	
  strategy	
  
•  Channels	
  
–  TV,	
  print,	
  social	
  media,	
  
search	
  engine	
  opOmizaOon	
  
•  4Ps	
  
–  Product:	
  high	
  quality,	
  
ethically	
  sourced,	
  superior	
  
service.	
  
–  Price:	
  Above	
  average.	
  
–  Placement:	
  In	
  store	
  on	
  
Middlesex	
  Street.	
  
–  PromoOons:	
  Most	
  popular	
  
channels	
  covered.	
  
Ops	
  RelaOons	
  
•  About	
  Customers	
  
–  The	
  store	
  caters	
  to	
  professionals,	
  students	
  and	
  
residents	
  who	
  work,	
  study	
  or	
  live	
  in	
  its	
  vicinity.	
  	
  
–  Consumers	
  can	
  walk	
  in	
  and	
  buy	
  products	
  or	
  have	
  a	
  
usual	
  list	
  of	
  products	
  delivered	
  to	
  them	
  in	
  one	
  hour	
  
slots	
  so	
  they	
  do	
  not	
  have	
  to	
  deal	
  with	
  overcrowded	
  
stores	
  and	
  save	
  Ome	
  and	
  energy	
  aVer	
  a	
  hard	
  day	
  of	
  
work.	
  	
  	
  
–  Loyalty	
  cards	
  will	
  monitor	
  frequent	
  purchases	
  and	
  the	
  
frequency	
  of	
  visits	
  to	
  ascertain	
  the	
  popular	
  items	
  and	
  
to	
  send	
  reminders	
  to	
  customers	
  (who	
  can	
  click	
  yes	
  to	
  
the	
  email)	
  and	
  their	
  usual	
  grocery	
  list	
  will	
  
automaOcally	
  be	
  sent	
  to	
  them	
  or	
  be	
  ready	
  for	
  
collecOon.	
  	
  
–  Valet	
  service	
  will	
  be	
  provided	
  to	
  customers	
  to	
  tackle	
  
the	
  problem	
  of	
  a	
  lack	
  of	
  parking	
  space	
  available.	
  	
  
•  About	
  Management	
  
–  A	
  store	
  manager	
  will	
  be	
  responsible	
  to	
  oversee	
  the	
  
daily	
  acOviOes	
  of	
  the	
  store.	
  The	
  other	
  employees	
  will	
  
be	
  educated	
  in	
  Oll	
  management,	
  inventory,	
  and	
  
customer	
  service	
  and	
  store	
  management.	
  They	
  will	
  be	
  
of	
  the	
  same	
  origins	
  as	
  our	
  products	
  to	
  represent	
  the	
  
majority	
  of	
  customers	
  the	
  store	
  will	
  aYract.	
  In	
  the	
  
beginning	
  I	
  will	
  be	
  supervising	
  the	
  store	
  operaOons	
  to	
  
make	
  sure	
  things	
  go	
  as	
  planned.	
  	
  
IRCAM	
  
IniOal	
  Set	
  Up:	
  £200,000	
  for	
  investment.	
  Leased	
  
shop	
  on	
  Middlesex	
  Street.	
  
hYps://www.aghas.co.uk	
  will	
  be	
  set	
  up	
  for	
  online	
  
sales	
  and	
  info.	
  RegistraOon	
  as	
  per	
  requirements.	
  
RelaOons:	
  CRM	
  will	
  ensure	
  a	
  healthy	
  relaOonship	
  
with	
  customers	
  based	
  on	
  the	
  data	
  collected.	
  	
  
Customers:Customers	
  will	
  be	
  greeted	
  and	
  
directed	
  by	
  the	
  well-­‐informed	
  employees	
  of	
  the	
  
store.	
  Customers	
  will	
  also	
  be	
  informed	
  of	
  new	
  
product	
  offerings	
  and	
  asked	
  for	
  feedback	
  on	
  
potenOal	
  products.	
  	
  	
  
AdministraOon:	
  Me,	
  the	
  director	
  will	
  oversee	
  all	
  
operaOons.	
  Managers	
  will	
  directly	
  report	
  to	
  me	
  
and	
  Store	
  Manager	
  will	
  manage	
  floor	
  staff.	
  
Shopping	
  assistants	
  will	
  be	
  trained	
  in	
  Oll	
  
management,	
  inventory,	
  finance,	
  products,	
  etc	
  	
  
Management:	
  The	
  director	
  will	
  approve	
  the	
  plans	
  
of	
  the	
  managers.	
  The	
  store	
  will	
  have	
  a	
  Finance	
  
Manager,	
  MarkeOng	
  Manager,	
  Store	
  Manager	
  
and	
  a	
  Human	
  Resource	
  Manager.	
  Under	
  them	
  are	
  
the	
  shopping	
  assistants.	
  
Ops	
  Management	
  
The	
  director	
  will	
  oversee	
  all	
  
operaOons.	
  Managers	
  will	
  
directly	
  report	
  to	
  me,	
  the	
  
director,	
  and	
  the	
  Store	
  
Manager	
  will	
  manage	
  the	
  
store	
  staff.	
  Shopping	
  
assistants	
  will	
  be	
  trained	
  in	
  
Oll	
  management,	
  
inventory,	
  finance	
  and	
  
provided	
  apt	
  knowledge	
  
about	
  products,	
  etc.	
  to	
  
help	
  customers	
  effecOvely.	
  
Owner/
Director	
  
Finance	
  
Manager	
  
MarkeOng	
  
Manager	
  
Store	
  
Manager	
  
Shopping	
  
assistant	
  1	
  
Shopping	
  
assistant	
  2	
  
Shopping	
  
assistant	
  3	
  
HR	
  
Manager	
  
Finances:	
  BE	
  
Payback	
  
Capital/Monthly	
  
Income	
  	
  
=	
  100,000/130,000	
  	
  
=	
  23	
  days	
  
	
  
	
  
The	
  business	
  is	
  
comparaOvely	
  not	
  very	
  
capital	
  intensive	
  and	
  
recovery	
  of	
  capital	
  invested	
  
is	
  fast.	
  
-500,000.00
0.00
500,000.00
1,000,000.00
1,500,000.00
2,000,000.00
2,500,000.00
3,000,000.00
3,500,000.00
4,000,000.00
4,500,000.00
5,000,000.00
1 2 3 4 5 6 7 8 9 10 11
Dollars
Sales Volume (Units)
Breakeven Analysis Chart
Fixed
costs per
period
Finances:	
  Risks	
  
Principal	
  risks	
  
•  Rent	
  Increase	
  
•  Hygiene	
  	
  
•  Quality	
  	
  
•  Fire	
  
•  Burglary	
  	
  
MiBgaBons	
  
•  Get	
  a	
  long-­‐term	
  lease	
  to	
  guarantee	
  rent	
  
rates	
  for	
  the	
  future.	
  
•  The	
  store	
  will	
  be	
  cleaned	
  regularly	
  as	
  need	
  
be.	
  Staff	
  will	
  be	
  trained	
  to	
  be	
  clean	
  and	
  
keep	
  things	
  clean.	
  Warehouse	
  must	
  also	
  be	
  
kept	
  clean	
  and	
  pest	
  free.	
  	
  
•  Quality	
  checks	
  need	
  to	
  be	
  made	
  personally	
  
to	
  check	
  whether	
  the	
  quality	
  of	
  products	
  
supplied	
  is	
  constant	
  and	
  up	
  to	
  the	
  
requirement.	
  
Conclusions:	
  All	
  foreseeable	
  risks	
  will	
  
be	
  tackled	
  by	
  long	
  term	
  as	
  well	
  and	
  
short	
  term	
  strategies.	
  Any	
  unknown	
  
risks	
  will	
  have	
  to	
  be	
  dealt	
  with	
  
personally	
  but	
  smaller	
  problems	
  will	
  
be	
  dealt	
  with	
  by	
  staff.	
  
Conclusions	
  
	
  
RecommendaBons:	
  
Agha’s	
  is	
  feasible	
  and	
  payback	
  is	
  less	
  
than	
  a	
  month.	
  Different	
  locaOons	
  can	
  
be	
  researched	
  for	
  expansion.	
  Parking	
  
will	
  have	
  to	
  be	
  arranged	
  for	
  valet	
  cars.	
  
Delivery	
  costs	
  though	
  minimal	
  are	
  
unknown.	
  Overall	
  a	
  few	
  tweaks	
  can	
  be	
  
made	
  to	
  make	
  the	
  supermarket	
  more	
  
aYracOve	
  but	
  all	
  other	
  things	
  have	
  
been	
  thoroughly	
  researched.	
  
ReflecBons	
  
Business	
  plans	
  are	
  a	
  lot	
  of	
  
work	
  and	
  researching	
  
customer	
  needs	
  is	
  not	
  
that	
  easy	
  when	
  opening	
  a	
  
new	
  type	
  of	
  business.	
  
Details	
  like	
  organizaOonal	
  
structure,	
  trends	
  and	
  
gaps	
  are	
  very	
  important	
  
to	
  pre-­‐plan.	
  
References	
  
•  Euromonitor,	
  (2015)	
  Euromonitor	
  InternaOonal	
  [online]	
  available	
  from	
  <hYp://www.portal.euromonitor.com/
portal/analysis/tab>	
  [6	
  September	
  2015]	
  
•  Anon.	
  (2011)	
  Ethnic	
  Supermarkets	
  Industry:	
  Growing	
  Hispanic	
  And	
  Asian	
  Markets	
  Have	
  Kept	
  Performance	
  Strong	
  
[online]	
  available	
  from	
  <hYp://www.groceryheadquarters.com/2011/12/ethnic-­‐supermarkets-­‐industry-­‐growing-­‐
hispanic-­‐and-­‐asian-­‐markets-­‐have-­‐kept-­‐performance-­‐strong/>	
  [16	
  September	
  2015]	
  
•  Rightmove,	
  (2015)	
  Retail	
  Property	
  (High	
  Street)	
  To	
  Rent	
  [online]	
  available	
  from	
  <hYp://www.rightmove.co.uk/
commercial-­‐property-­‐to-­‐let/property-­‐43311346.html>	
  [16	
  September	
  2015]	
  
•  Ford,	
  R.	
  (2015)	
  Ethnic	
  Restaurants	
  And	
  Takeaways	
  -­‐	
  UK	
  -­‐	
  February	
  2015	
  [online]	
  available	
  from	
  <hYp://
academic.mintel.com/display/715797/>	
  [13	
  September	
  2015]	
  
•  Cargorouter.com,	
  (2015)	
  Freight	
  Shipment	
  From	
  Karachi	
  (Pakistan)	
  To	
  London	
  (United	
  Kingdom)	
  -­‐	
  Cargo	
  RouOng	
  
SuggesOons	
  By	
  Cargorouter.Com	
  [online]	
  available	
  from	
  <hYp://www.cargorouter.com/freight-­‐shipping/Pakistan/
Karachi/United-­‐Kingdom/London/>	
  [9	
  August	
  2015]	
  
•  Chillhire.co.uk,	
  (2015)	
  Mercedes	
  Sprinter	
  311Cdi,	
  Long	
  Wheel-­‐Base,	
  High	
  Roof	
  Refrigerated	
  Panel	
  Van	
  For	
  Sale	
  
[online]	
  available	
  from	
  <hYp://www.chillhire.co.uk/Fridge-­‐vans-­‐for-­‐sale/Mercedes-­‐Sprinter-­‐311-­‐cdi-­‐chiller-­‐van-­‐
AU58-­‐RZO.htm>	
  [15	
  September	
  2015]	
  
•  Datamonitor,	
  (2009)	
  Datamonitor	
  Research	
  Store	
  -­‐	
  UK	
  Consumers:	
  Shopping	
  For	
  Value,	
  But	
  Reluctant	
  To	
  
Compromise	
  On	
  Quality	
  [online]	
  available	
  from	
  <hYp://www.datamonitor.com/store/News/
uk_consumers_shopping_for_value_but_reluctant_to_compromise_on_quality?producOd=E49760A1-­‐176A-­‐485D-­‐
A0D8-­‐2626A134395D>	
  [15	
  September	
  2015]	
  
•  The	
  Company	
  Supermarket,	
  (2015)	
  Register	
  A	
  Company	
  |	
  Name	
  Checker	
  -­‐	
  Business	
  Name	
  Register	
  [online]	
  
available	
  from	
  <hYp://www.thecompanysupermarket.co.uk/register/>	
  [9	
  August	
  2015]	
  
•  Datamonitor,	
  (2009)	
  Datamonitor	
  Research	
  Store	
  -­‐	
  UK	
  Consumers:	
  Shopping	
  For	
  Value,	
  But	
  Reluctant	
  To	
  
Compromise	
  On	
  Quality	
  [online]	
  available	
  from	
  <hYp://www.datamonitor.com/store/News/
uk_consumers_shopping_for_value_but_reluctant_to_compromise_on_quality?producOd=E49760A1-­‐176A-­‐485D-­‐
A0D8-­‐2626A134395D>	
  [15	
  September	
  2015]	
  

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Entre Pitch

  • 1. •  Agha’s  supermarket   •  Agha  M.  Hamza  Pathan   •  6012849   •  Riccardo  Benzo   Primary  Research:  First  hand  research  was   conducted  through  a  survey  carried  out  on   Middlesex  Street  and  CULC.  I  also  interviewed  an   employee  of  a  supermarket  on  Middlesex  Street   to  get  to  an  esOmated  number  of  customers  per   day.   Secondary  Research:  Data  was  derived  from   databases  such  as  Mintel,  Passport  Recommended   textbooks  such  as  The  New  Business  Road  Test  by   Mullins,  MarkeOng  Management  by  Proctor,  etc.  
  • 3.
  • 4. Biz  opportunity   •  History   –  Caribbean  communiOes  have  been  in   England  since  1948  aVer  WW2.  Post-­‐ colonialism,  Chinese,  Indian  and   Pakistani  people  began  migraOng  to   England  in  hopes  of  beYer  living   standards  and  finding  jobs.     –  Locals  have  developed  a  taste  for   foreign  foods  as  well,  which  is   demonstrated  by  ethnic  foods   becoming  mainstream  at  stores  like   Tesco  and  Sainsbury  (BBC  2015).    For   example,  hoummus  which  was   introduced  by  Waitrose  in  the  1960s  is   now  a  common  food  at  supermarkets.     –   As  travel  became  more  frequent  with   the  advent  of  technology  the  tastes  of   people  began  to  grow  as  they   experienced  new  cultures.  
  • 5. •  Trend   –  Forbes  recorded  ethnic  stores  as  one  of  11  most  sizzling  businesses  for  new   companies.  It  comprises  of  retailers  offering  a  socially  assorted  or  specialty   items.  Ethnic  Supermarkets  have  become  enormously  successful  (IBIS  2011).   Barriers  to  entry  are  low  and  capital  intensity  is  medium  (Forbes  2011).     •  Gap   –  An  ethnic  supermarket  that  provides  Pakistani,  Chinese  and  Afro-­‐Caribbean   ready  made  meals,  snacks  and  ingredients.  The  service  will  be  differenOated   as  well  as  the  products  as  people  who  will  specialize  in  the  products  available   and  be  able  to  assist  consumers  beYer  will  greet  each  customer.  Layout  will   be  easy  to  navigate  and  premium  quality.     •  Plans  for  expansion   –  This  will  be  developed  into  a  chain  of  stores  so  the  people  who  do  not  live   near  ethnically  concentrated  localiOes  will  have  access  to  the  products  they   need.  All  products  will  be  labeled  in  English  on  the  shelves  to  provide   maximum  informaOon  to  customers  who  might  not  know  the  language  as  they   are  second  or  third  generaOon  BriOsh.    
  • 6. Macros:  Drivers  and  Forces   Macro  Industry   •  Threat  of  New  Entrants  (Medium)   •  Buyer  Bargaining  Power  (Low)   •  Threat  of  SubsOtutes  (Medium)   •  Supplier  Bargaining  Power  (Low)   •  CompeOOve  Rivalry  (Medium)   Macro  Market   Social:  Home  cooking  became  popular  post-­‐ recession  and  3  in  5  people  enjoy  ethnic  food   (Soininen  2011).     Historical:  Caribbean  communiOes  have  been  in   England  since  1948  aVer  WW2.  Post-­‐colonialism,   Chinese,  Indian  and  Pakistani  people  began   migraOng  to  England  with  hopes  of  finding  jobs.   Technological:  This  store  is  going  to  be  interacOve   so  consumers  can  get  informaOon  (incl.   translaOons)  on  a  product  simply  by  taking  a   picture  on  their  phones  with  the  Agha’s  app.     The  presence  of  foreign  cultures   in  London  makes  it  a  compeOOve   market.  People  favour  ethnic   food  so  new  entrants  are  enOced.   Mobile  apps  and  QR  codes  enable   customers  to  check  products.   Suppliers  all  over  the  world   means  suppliers  are  plenty.  
  • 7. Strategy   •  Market  research  results:   –  Primary   •  QuesOonnaires,  interview     –  Secondary   •  Mintel,  Passport,  OneNote,   Forbes,  IBIS,  etc.   •  Segment   –  London  has  a  very  diverse  populaOon   and  this  is  the  perfect  opportunity  to   cater  to  those  markets.  Tesco,  ASDA,   Sainsbury’s,  Morrison’s  and  others   currently  dominate  the  market   (Euromonitor  2010).  More  than  a   quarter  of  market  share  is  unbranded   and  small  supermarkets  and  Agha’s  can   take  this  share  easily.     •  Strategy  selecOon   –  Market  PenetraOon   Work   43%   Live   17%   Study   33%   VisiOng     7%   Nature  of  Visit  
  • 8. Would  you  like  a  one-­‐stop  soluOon   ethnic  supermarket  on  Middlesex  Street?   Yes   80%   No   20%   Demand   Is  personalized  service  important  to   you?   Yes   73%   No   27%   Personalized  Service  
  • 9. Campaign  strategy   •  Channels   –  TV,  print,  social  media,   search  engine  opOmizaOon   •  4Ps   –  Product:  high  quality,   ethically  sourced,  superior   service.   –  Price:  Above  average.   –  Placement:  In  store  on   Middlesex  Street.   –  PromoOons:  Most  popular   channels  covered.  
  • 10. Ops  RelaOons   •  About  Customers   –  The  store  caters  to  professionals,  students  and   residents  who  work,  study  or  live  in  its  vicinity.     –  Consumers  can  walk  in  and  buy  products  or  have  a   usual  list  of  products  delivered  to  them  in  one  hour   slots  so  they  do  not  have  to  deal  with  overcrowded   stores  and  save  Ome  and  energy  aVer  a  hard  day  of   work.       –  Loyalty  cards  will  monitor  frequent  purchases  and  the   frequency  of  visits  to  ascertain  the  popular  items  and   to  send  reminders  to  customers  (who  can  click  yes  to   the  email)  and  their  usual  grocery  list  will   automaOcally  be  sent  to  them  or  be  ready  for   collecOon.     –  Valet  service  will  be  provided  to  customers  to  tackle   the  problem  of  a  lack  of  parking  space  available.     •  About  Management   –  A  store  manager  will  be  responsible  to  oversee  the   daily  acOviOes  of  the  store.  The  other  employees  will   be  educated  in  Oll  management,  inventory,  and   customer  service  and  store  management.  They  will  be   of  the  same  origins  as  our  products  to  represent  the   majority  of  customers  the  store  will  aYract.  In  the   beginning  I  will  be  supervising  the  store  operaOons  to   make  sure  things  go  as  planned.     IRCAM   IniOal  Set  Up:  £200,000  for  investment.  Leased   shop  on  Middlesex  Street.   hYps://www.aghas.co.uk  will  be  set  up  for  online   sales  and  info.  RegistraOon  as  per  requirements.   RelaOons:  CRM  will  ensure  a  healthy  relaOonship   with  customers  based  on  the  data  collected.     Customers:Customers  will  be  greeted  and   directed  by  the  well-­‐informed  employees  of  the   store.  Customers  will  also  be  informed  of  new   product  offerings  and  asked  for  feedback  on   potenOal  products.       AdministraOon:  Me,  the  director  will  oversee  all   operaOons.  Managers  will  directly  report  to  me   and  Store  Manager  will  manage  floor  staff.   Shopping  assistants  will  be  trained  in  Oll   management,  inventory,  finance,  products,  etc     Management:  The  director  will  approve  the  plans   of  the  managers.  The  store  will  have  a  Finance   Manager,  MarkeOng  Manager,  Store  Manager   and  a  Human  Resource  Manager.  Under  them  are   the  shopping  assistants.  
  • 11. Ops  Management   The  director  will  oversee  all   operaOons.  Managers  will   directly  report  to  me,  the   director,  and  the  Store   Manager  will  manage  the   store  staff.  Shopping   assistants  will  be  trained  in   Oll  management,   inventory,  finance  and   provided  apt  knowledge   about  products,  etc.  to   help  customers  effecOvely.   Owner/ Director   Finance   Manager   MarkeOng   Manager   Store   Manager   Shopping   assistant  1   Shopping   assistant  2   Shopping   assistant  3   HR   Manager  
  • 12. Finances:  BE   Payback   Capital/Monthly   Income     =  100,000/130,000     =  23  days       The  business  is   comparaOvely  not  very   capital  intensive  and   recovery  of  capital  invested   is  fast.   -500,000.00 0.00 500,000.00 1,000,000.00 1,500,000.00 2,000,000.00 2,500,000.00 3,000,000.00 3,500,000.00 4,000,000.00 4,500,000.00 5,000,000.00 1 2 3 4 5 6 7 8 9 10 11 Dollars Sales Volume (Units) Breakeven Analysis Chart Fixed costs per period
  • 13. Finances:  Risks   Principal  risks   •  Rent  Increase   •  Hygiene     •  Quality     •  Fire   •  Burglary     MiBgaBons   •  Get  a  long-­‐term  lease  to  guarantee  rent   rates  for  the  future.   •  The  store  will  be  cleaned  regularly  as  need   be.  Staff  will  be  trained  to  be  clean  and   keep  things  clean.  Warehouse  must  also  be   kept  clean  and  pest  free.     •  Quality  checks  need  to  be  made  personally   to  check  whether  the  quality  of  products   supplied  is  constant  and  up  to  the   requirement.   Conclusions:  All  foreseeable  risks  will   be  tackled  by  long  term  as  well  and   short  term  strategies.  Any  unknown   risks  will  have  to  be  dealt  with   personally  but  smaller  problems  will   be  dealt  with  by  staff.  
  • 14. Conclusions     RecommendaBons:   Agha’s  is  feasible  and  payback  is  less   than  a  month.  Different  locaOons  can   be  researched  for  expansion.  Parking   will  have  to  be  arranged  for  valet  cars.   Delivery  costs  though  minimal  are   unknown.  Overall  a  few  tweaks  can  be   made  to  make  the  supermarket  more   aYracOve  but  all  other  things  have   been  thoroughly  researched.   ReflecBons   Business  plans  are  a  lot  of   work  and  researching   customer  needs  is  not   that  easy  when  opening  a   new  type  of  business.   Details  like  organizaOonal   structure,  trends  and   gaps  are  very  important   to  pre-­‐plan.  
  • 15. References   •  Euromonitor,  (2015)  Euromonitor  InternaOonal  [online]  available  from  <hYp://www.portal.euromonitor.com/ portal/analysis/tab>  [6  September  2015]   •  Anon.  (2011)  Ethnic  Supermarkets  Industry:  Growing  Hispanic  And  Asian  Markets  Have  Kept  Performance  Strong   [online]  available  from  <hYp://www.groceryheadquarters.com/2011/12/ethnic-­‐supermarkets-­‐industry-­‐growing-­‐ hispanic-­‐and-­‐asian-­‐markets-­‐have-­‐kept-­‐performance-­‐strong/>  [16  September  2015]   •  Rightmove,  (2015)  Retail  Property  (High  Street)  To  Rent  [online]  available  from  <hYp://www.rightmove.co.uk/ commercial-­‐property-­‐to-­‐let/property-­‐43311346.html>  [16  September  2015]   •  Ford,  R.  (2015)  Ethnic  Restaurants  And  Takeaways  -­‐  UK  -­‐  February  2015  [online]  available  from  <hYp:// academic.mintel.com/display/715797/>  [13  September  2015]   •  Cargorouter.com,  (2015)  Freight  Shipment  From  Karachi  (Pakistan)  To  London  (United  Kingdom)  -­‐  Cargo  RouOng   SuggesOons  By  Cargorouter.Com  [online]  available  from  <hYp://www.cargorouter.com/freight-­‐shipping/Pakistan/ Karachi/United-­‐Kingdom/London/>  [9  August  2015]   •  Chillhire.co.uk,  (2015)  Mercedes  Sprinter  311Cdi,  Long  Wheel-­‐Base,  High  Roof  Refrigerated  Panel  Van  For  Sale   [online]  available  from  <hYp://www.chillhire.co.uk/Fridge-­‐vans-­‐for-­‐sale/Mercedes-­‐Sprinter-­‐311-­‐cdi-­‐chiller-­‐van-­‐ AU58-­‐RZO.htm>  [15  September  2015]   •  Datamonitor,  (2009)  Datamonitor  Research  Store  -­‐  UK  Consumers:  Shopping  For  Value,  But  Reluctant  To   Compromise  On  Quality  [online]  available  from  <hYp://www.datamonitor.com/store/News/ uk_consumers_shopping_for_value_but_reluctant_to_compromise_on_quality?producOd=E49760A1-­‐176A-­‐485D-­‐ A0D8-­‐2626A134395D>  [15  September  2015]   •  The  Company  Supermarket,  (2015)  Register  A  Company  |  Name  Checker  -­‐  Business  Name  Register  [online]   available  from  <hYp://www.thecompanysupermarket.co.uk/register/>  [9  August  2015]   •  Datamonitor,  (2009)  Datamonitor  Research  Store  -­‐  UK  Consumers:  Shopping  For  Value,  But  Reluctant  To   Compromise  On  Quality  [online]  available  from  <hYp://www.datamonitor.com/store/News/ uk_consumers_shopping_for_value_but_reluctant_to_compromise_on_quality?producOd=E49760A1-­‐176A-­‐485D-­‐ A0D8-­‐2626A134395D>  [15  September  2015]