Store Development
Store development
We handle everything from trade-area and location research to property development, financial planning and the work of getting the doors open. Most of what decides whether a store succeeds is settled before it opens, which is why we take our time before deciding.
Service
What we cover
Trade-area research and site selection
We review trade-area population, household composition, pedestrian flow, the position of competitors and passing traffic to narrow down candidate sites.
Property development and negotiation
From gathering property information through to negotiating rent, deposits and rent-free periods, and completing the contract.
Financial planning
We calculate the break-even point and the payback period from projected sales, cost ratios, labour costs and fixed costs, and decide whether to proceed.
Design and construction management
We manage the schedule and the cost of store layout, interior work, and the procurement of fixtures and kitchen equipment.
Opening preparation
We handle permits and licences, the hiring plan and preparations for opening promotions.
Post-opening review
We examine the gap between plan and results and feed it back into the criteria for the next opening.
Policy
Locations are decided by numbers
We never settle on a property simply because there is plenty of foot traffic or because the atmosphere feels right. Even with the same passing traffic, sales change entirely depending on why those people are there.
We translate the trade area's population profile and pedestrian flow, the position of competitors, and the ratio of rent to projected sales into figures before we decide. If a property does not add up, we walk away, however far the discussion has gone.
We also welcome enquiries and proposals from companies considering a new store and from owners with a property to offer.
Enquiries about openings and properties
We look forward to hearing about your opening plans and to receiving property proposals.
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