Sample online store business plan template

Are you going to open a grocery store? If YES, here is a complete sample feasibility study grocery store business plan template that you can use for FREE

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Okay, so we've covered all the requirements for starting an online store. We also took it a step further by analyzing and creating a sample grocery store marketing plan template backed by actionable guerrilla marketing ideas for grocery stores. So, let's move on to the business planning section.

A grocery store is a retail outlet where a variety of food and household goods are sold on shelves and cabinets. People love to shop at the grocery store because of the convenience that it gives them to buy everything they need at the grocery store without having to move from one store to another.

Running a grocery store is very simple and not that capital intensive. Getting the right products that people want to buy and keeping good inventory records are the secrets to running a grocery store. A grocery store can be run offline in a brick-and-mortar retail store or online on an e-commerce retail site.

You can also start selling mini products. When people are looking for specialty foods or ingredients that can't be found at the corner store or local supermarket, they usually head to small grocery stores, also called convenience stores.

Such retail stores sell food and items that are unusual and not carried by big box stores. Opening a mini grocery store can be a lucrative business, especially if you live in a city with few competitors. There are several things you can do to help your mini grocery store succeed.

The information contained in this article may be useful to those people who are currently working in the grocery business, those who are considering starting or investing in a grocery store. or a community wanting to attract or retain a grocery store.

Sample Grocery Store Business Plan Template

• Business overview

Grocery stores, including supermarkets, account for the largest share of grocery store sales in the United States. In 2013, grocery stores accounted for 90% of the nation's food and beverage sales, while supermarkets accounted for 95% of total grocery store sales.

The food industry is a high-volume, low-margin commodity business with cutthroat competition on all sides. It includes grocery stores and supermarkets, as well as convenience stores. The staples offered in these stores make the industry non-cyclical.

Additionally, grocery stores and supermarkets offer an alternative to restaurants during tough economic times, as purchasing ingredients for home cooking is one of the alternatives. Purchasing prepared foods, which are the new higher-margin offerings at grocery stores, is an additional alternative to restaurants.

However, the introduction of new higher-priced products such as specialty foods, prepared foods and general merchandise makes the industry more cyclical than in the past, putting pressure on earnings during the recent economic downturn.

Small chains and independent grocers still dominate the industry, but national chains like Kroger are increasingly dominant. Mass retailers such as Wal-Mart compete with grocery stores in their "supercenters" by offering lower prices through lower-cost structures. Wal-Mart is currently the world's largest grocery retailer. Warehouse clubs such as Costco and SAM'S CLUB ( owned by Wal-Mart ) can also compete on price by selling in bulk. Supermarkets responded to these threats by building larger "supermarkets".

Conventional supermarkets are grocery stores with revenues greater than $2 million, with an average square foot of 15,000. Grocery stores with annual revenues of less than $2 million sell almost entirely packaged and perishable goods and are mostly independently owned. Supermarkets are supermarkets with an area of ​​approximately 30,000 square meters. ft., with an average income of $12 million.

They often have a wide selection of food and non-food items with specialized departments such as florists, delis, bakeries, banks, pharmacy and video rentals. Combination stores are hybrids of supermarkets and pharmacies under one roof, averaging 55,000 square feet.

The supermarket and grocery store industry is a major sector of the United States economy that generates a colossal amount of wealth. over $602 billion annually from more than 42,539 retail locations throughout the United States.

The industry employs more than 2,624,650 people. Experts predict that supermarkets and grocery stores will grow by 1.4% per year. Establishing an industry that has a dominant market share in the United States; Albertson, Kroger and Publix Super Markets Inc.

In fact, it is estimated that two-thirds of U.S. gross domestic product (GDP) comes from retail consumption, to which the supermarket and grocery store industry is a significant contributor. This is why the economy of the United States of America is measured by how well the retail business in the United States is doing.

Essentially, when the economy is unstable, purchasing power drops and the retail/grocery store industry is negatively impacted to the point that some supermarkets/grocery stores may close.

Recently, retail has seen huge changes over the last 20 years; it has evolved from a simple mom and pop store into a more organized and far-reaching enterprise. Introducing a franchise and online store makes it easier for a retailer to access a larger market far beyond the areas where its physical store is located.

It's interesting to note that more supermarkets/grocery stores, especially lager retail stores have begun to include self-checkout checkouts in their stores. This creates shorter lines that appeal to consumers; the average customer would not want to wait in line any longer.

Apart from all this, the supermarket and grocery store industry is a profitable industry and it is open for any aspiring entrepreneur to come and set up their business; you can start small in a street corner like your average mom and pop business, or you can start with a large number of stores in key cities.

Summary of Grocery Store Business Plan

Peak Lane Grocery Store, Inc. is a standard and registered grocery store that will be located on one of the busiest streets in Orlando, Florida. We were able to lease a facility large enough ( a 15,000 square foot facility ) to fit the design of the type of grocery store we plan to launch, and the facility is located in a corner. The store is located directly across from the largest residential development in Orlando, Florida.

Peak Lane Grocery Store, Inc. will sell a wide range of durable and non-durable goods at affordable prices from different brands. We will retail major food product lines including fresh and prepared meats, poultry and seafood, canned and frozen foods, fresh fruits and vegetables and a variety of dairy products, among others.

We know there are several large and small supermarket/grocery store chains throughout Orlando, so we have spent time and resources conducting feasibility studies and market research to ensure we offer much more than our competitors will offer. We have self-service options for our customers and our point of sale is well stocked with a variety of payment options.

Much more than selling products and products from leading brands in the manufacturing and food industries, our customer care comes second. none in all of Orlando, Florida. We know that our customers are the reason for our business, so we will go the extra mile to satisfy them when they visit our grocery store and also become our loyal customers and ambassadors.

Peak Lane Grocery Store, Inc. ensures that all of our customers receive top-notch treatment when they visit our grocery store. We have CRM software that will allow us to manage our customer relationships one on one, no matter how large our customer base is. We will ensure that our customers are involved in selecting the brands that will be present on our counters, as well as in making some business decisions.

We are aware of the trends in the retail/supermarket/grocery industry and we are not only going to use a system where our customers will have to come into our store to shop or do what they need, but we will also be operating online -store and our customers will be able to order the product online and have it delivered to their homes or anywhere they want us to deliver the product within Orlando.

Peak Lane Grocery Store, Inc. a family business owned by Bernie Vandross and Family. Bernie Vandross has a Bachelor of Science in Business Administration with over 15 years of experience in the retail/supermarket and grocery industry working for one of the leading brands in the United States. Although the company is starting out with just one outlet in Orlando, Florida, it plans to open other outlets throughout Florida.

• Our products

Peak Lane Grocery Store, Inc. operates in the supermarket and grocery store industry, and we will do our best to make available a wide range of products and products from the world's leading manufacturers in the United States and other countries. countries of the world.

Our store will stock a wide range of durable and non-durable goods at affordable prices. Our products are listed below.

• Fruits and vegetables
• Fresh and frozen meat
• Dairy
• Drinks (including alcohol)
• Frozen food
• Other food
• Other non-food products
• Medicines and medical supplies

Our vision

Our vision is to become the leading brand in the supermarket and grocery store industry in Florida and create a one-stop grocery store in Orlando and beyond. cities in Florida.

• Our Mission Statement

Our mission is to create a grocery store that will provide a wide variety of products and products from leading manufacturers/manufacturers at affordable prices to the residents of Orlando, Florida and other cities in Florida where we intend to open grocery store chains.

• Our business structure

Peak Lane Grocery Store, Inc. don't intend to start a grocery store like an ordinary mom and pop business around the corner of the street; Our intent to enter the grocery store business is to build a one-stop grocery store in Orlando, Florida.

Although our grocery store may not be as large as Albertson's, Kroger or Publix Super Markets Inc. , but will ensure that we create the right structure that will support the growth we had in mind when we created the business.

We will ensure that we employ people who are qualified, honest, customer focused and willing to work to help us build a thriving business that benefits all stakeholders ( owners, employees and clients ). In effect, the profit sharing arrangement will be available to all of our senior management employees and will be based on their performance over a period of ten years or more.

In view of this, we have decided to hire qualified and competent employees to fill the following positions:

• general director (owner)
• Store manager
• HR and Administrative Manager
• Product sales manager
• Sales and Marketing Manager
• Information Technologist
• Accountants/Cashiers
• Head of Customer Service Department
• Cleaners

Roles and Responsibilities

General Director General Director:

• Improves management effectiveness by recruiting, selecting, orienting, training, coaching, consulting and disciplining managers; communicating values, strategies and goals; distribution of responsibility; planning, monitoring and evaluating performance; development of incentives; developing a climate for providing information and opinions; Providing educational opportunities.
• Creates, communicates and implements the organization's vision, mission and overall direction, i.e. leading the development and implementation of the organization's overall strategy.
• Responsible for setting prices and signing business deals
• Responsible for business management
• Responsible for signing checks and documents on behalf of the company
• Measuring the success of an organization
• Reports to the board of directors

Administrator and HR Manager

• Responsible for overseeing the smooth running of HR and administrative tasks in the organization
• Maintains office supplies by checking inventory; placing and expediting orders; evaluation of new products.
• Maintains equipment operation by completing preventative maintenance requirements; call for repairs.
• Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participation in professional organizations.
• Enhances the reputation of the department and organization by taking ownership of new and different requests; exploring opportunities to increase the value of work performed.
• Identifies positions for hiring and manages interview process
• Conducts onboarding for new team members
• Responsible for training, assessment and evaluation of employees
• Responsible for organizing travel, meetings and appointments
• Monitors the smooth functioning of the office.

Store manager:

• Responsible for managing the day-to-day activities of the store
• Ensures that the records are correct, the goods are stored and there are no goods left on our racks and warehouses
• Make sure the store is in great shape and items are properly organized and easy to find
• third party suppliers (vendors)
• Controls the distribution of goods and inventory for supplies
• Supervises labor on the product sales floor.

Product manager

• Manages supplier relationships, market visits, and ongoing training and development of organizations' purchasing teams.
• Help ensure consistent quality of goods and products. at our counter
• Responsible for purchasing goods and products for organizations
• Responsible for sales planning, inventory monitoring, product selection, writing and pricing orders for ndors
• Ensures that the organization operates within the allocated budget.

Sales and Marketing Manager

• Manages external research and coordinates all internal sources of information to retain the organization's best clients and attract new ones
• Models demographic information and analyzes volumes of transactional data generated by customer purchases
• Identifies, prioritizes and approaches new partners, business opportunities, etc.
• Identifies development opportunities; monitors development and contacts; participates in the structuring and financing of projects; ensures completion of development projects.
• Responsible for overseeing implementation, advocating for customer needs and communicating with customers
• Develops, executes and evaluates new expansion plans to increase sales.
• Documents all contact and client information
• Represents the company at strategic meetings
• Helps increase sales and company growth

Information Technologist

• Manages the organization's website
• Manages the e-commerce aspect of the business
• Responsible for installing and maintaining computer software. and equipment for organization
• Manages logistics and supply chain software, web servers, e-commerce software and POS (point of sale) systems
• Manages the organization's video surveillance system
• Performs any other technology and information duties.

Accountant/Cashier:

• Responsible for preparing financial statements, budgets and financial statements for the organization
• Provides financial analysis, development budgets and accounting reports to management; analyzes the financial feasibility of the most complex proposed projects; Conducts market research to forecast business trends and conditions.
• Responsible for financial forecasting and risk analysis.
• Performs cash management, ledger maintenance and financial reporting
• Responsible for the development and management of financial systems and policies
• Responsible for managing payroll
• Ensuring tax compliance
• Processes all financial transactions for the organization
• Serves as the organization's internal auditor

Head of Customer Service

• Ensures that all customer contacts (email (Walk-In center, SMS or phone)) provide the customer with the highest level of personalized customer service experience.
• Through interaction with clients over the phone, uses every opportunity to increase client interest in the company's products and services
• Manages administrative duties as assigned by staff and administrator. efficient and timely
• Keep abreast of any new information about organizations' products, advertising campaigns, etc. to ensure accurate and useful information is provided to customers when they make inquiries

Cleaners:

• Responsible for cleaning the store at all times
• Make sure there is no need for toiletries and supplies in the warehouse
• Cleans both the inside and outside of the magazine
• appointed by the store manager.

SWOT analysis of grocery store business plan

We plan to open just one location of our grocery store in Orlando, Florida to test run the business for 2 to 5 years to know if we will invest more money, expand the business, and then open other locations throughout Florida .

We understand that there are several supermarkets and grocery stores around the world. Orlando and even in the same place where we intend to locate ours, so we follow the proper business formation process. We know that if a proper SWOT analysis is performed on our business, we can position our business to maximize our opportunities, exploit the opportunities available to us, reduce our risks, and prepare to counter our threats.

Peak Lane Grocery Store, Inc. utilized the services of an experienced HR and business analyst with a retail bias to help us conduct a thorough SWOT analysis and help us create a business model that will help us succeed in our business. goals and objectives.

This is a summary of the SWOT analysis that was conducted for Peak Lane Grocery Store, Inc.;

• Force:

Our location, the business model we will operate with (physical store and online store), various payment options, wide range of products and our excellent customer service culture will certainly be Peak Lane Grocery's strengths. Store, Inc.

• Weakness:

The main disadvantage that can befall us is the fact that we are a new product and do not have the financial strength to compete with multi-billion dollar supermarkets and delis such as Albertson, Kroger, Publix Super Markets Inc. and others when it comes to retailing at the lowest prices on all their products.

• Possibilities:

The fact that we are going to operate our grocery store on one of the busiest streets in Orlando, Flor Ida, gives us unlimited opportunities to sell our products to a large number of people. We have been able to conduct thorough feasibility studies and market research and we know what our potential customers will be looking for when they visit our grocery stores; we are well positioned to take advantage of the opportunities that come our way.

• Threat:

As with any other business, one of the major threats we are likely to face is an economic downturn. It is a fact that an economic downturn affects purchasing power/buying power. Another threat we may face is the appearance of a new supermarket, grocery store or store in the same location where ours is located.

MARKET ANALYSIS OF A BUSINESS PLAN IN A GASTRO STORE

• Market Trends

Supermarket and grocery store have been around for a long time since man began to trade goods, but one thing is for sure, the supermarket and grocery store industry is still evolving. The introduction of technology and then online grocery retailing truly helped change the industry.

Nowadays, supermarkets and grocery stores often use technology to effectively forecast consumer demand patterns and strategic positioning. their store to meet their needs; Essentially, the use of technology helps retailers maximize supply chain efficiency. There is no doubt that data collected from customers goes a long way in helping supermarkets and grocery stores serve them better.

Another common trend in the supermarket and grocery store industry is the pricing system. In addition to having a variety of products in the store, one of the easiest ways for supermarkets and grocery stores to sell items on their racks as quickly as they can and continue to restock is to ensure so that the prices of their goods are slightly lower than what you can get elsewhere. For example, there are often products with prices in this format; $3.99, $99.99 and $209.99 and more, compared to $4, $100 and $200.

Supermarkets and grocery stores also conduct massive sales and sales to attract customers. This is a strategy that helps them welcome new customers and also strengthens the loyalty of old customers.

• Our target market

Perhaps the supermarket and grocery store have the widest range of customers; Everyone on planet Earth has one or more things that they will need at the supermarket or grocery store. Around us it is difficult to find people who do not patronize the supermarket and grocery stores.

In this regard, we have located our grocery store to serve the residence in Orlando, Florida and all other locations in which our grocery stores will operate. located throughout Florida. We have done our market research and we have ideas about what our target market will expect from us.

We retail a wide range of products for the following groups of people:

• Households
• Bachelors and girls
• Corporate executives
• Business people
• About married couples
• Future mothers
• Sports men and women
• Students
• Tourists

Our competitive advantage

A close look at the supermarket and grocery store industry reveals that the market has become much more intensely competitive over the past decade. In fact, you have to be very creative, customer-oriented and proactive if you are to survive in this industry. We are aware of the tougher competition and are poised to compete well with other leading supermarkets and grocery stores in Orlando, Florida.

Peak Lane Grocery Store, Inc. is launching a brick-and-mortar grocery store that will truly become the preferred choice of Orlando, Florida location. Our grocery store is located on a corner of a busy road directly across from one of the largest apartment complexes in Orlando, Florida. We have enough parking space that can accommodate more than 100 cars at a time.

One thing is for sure; We will ensure that our store always has a wide range of products. It would be difficult for customers to visit our store and not see the product they are looking for. One of our business goals is to make Peak Lane Grocery Store, Inc. general store. Our excellent customer service culture, online store, various payment methods and reliable service system will serve as a competitive advantage for us.

Finally, our employees will be taken care of and their benefits package will be among the best in our category ( startups, supermarkets and grocery stores ) in the industry, which means they will be more than willing to build a business with us and help achieve their goals and achieving all our goals and objectives. We will also provide good working conditions and commissions to the freelance agents we hire from time to time.

Business plan for a grocery store SALES AND MARKETING STRATEGY

• Sources of Income

Peak Lane Grocery Store, Inc. retails a wide variety of products from its Orlando, Florida residence. We are in the supermarket and grocery industry to maximize profits and we are going to do everything we can to ensure that we achieve or set goals and objectives.

Essentially, our source of income will be the retailing of a wide range of durable and non-durable goods at affordable prices. We will retail products such as;

• Fruits and vegetables
• Fresh and frozen meat
• Dairy
• Drinks (including alcohol)
• Frozen food
• Other food
• Other non-food products
• Medicines and medical supplies

Sales forecast

When it comes to supermarkets and grocery stores, one thing is clear: if your store is well stocked and has a central location, you will always attract customers to sell and sell. this will definitely lead to more revenue for the business.

We are well positioned in the affordable market in Orlando, Florida, and we are very optimistic that we will meet our goal of generating sufficient revenue in our first six months of operation and growing the business and our customer base.

We were able to critically study the supermarket and grocery store industry and analyzed our chances in this industry and we we were able to come up with the following sales forecast. The sales forecast is based on information collected in the field and some assumptions specific to startups in Orlando, Florida.

The sales forecast below for Peak Lane Grocery Store, Inc. is based on the location of our business and other factors associated with supermarket and grocery store launches in the United States;

• First financial year:US$50,000
• Second fiscal year:US$150,000
• Third fiscal year:US$450,000

Note:

this forecast is made based on what can be achieved in the industry and on the assumption that there will not be any major economic downturn and there will not be any major competitor offering the same products and customer service as we do in the same location. Please note that the above forecast may be lower and at the same time may be higher.

• Marketing and sales strategy

Before selecting a location for Peak Lane Grocery Store, Inc., we conduct thorough market research and feasibility studies so that we can penetrate the existing market and become the preferred choice for locating in Orlando, Florida. We have detailed information and data that we have been able to use to structure our business to attract the number of clients we want to attract at a time.

We have hired experts who are well versed in the supermarket and grocery store industry to help us develop marketing strategies that will help us achieve our business goal of capturing a larger percentage of the available market in Orlando.

To remain in business and grow, we must continue to sell the products we have in our store, so we will make every effort to expand our capabilities or sales and marketing department. Thus, Peak Lane Grocery Store, Inc. will take the following sales and marketing approach to attract customers:

• Open our grocery store in grand style with a party for everyone.

• Introduce our grocery store by sending introductory letters along with our brochure to organizations, households and key stakeholders in Orlando, Florida

• Make sure we always have a wide range of products from different brands.

• Use attractive manual invoices to create awareness as well as referrals to our grocery store.

• Place our signs/flexible banners in strategic locations around Orlando

• Position Our greeters greet and direct potential clients

• Create a loyalty plan that will allow us to reward our loyal customers

• Participate in roadshows in our area to raise awareness of our bar.

Grocery Store Business Plan Advertising and Advertising Strategy

Even though our grocer has a good store location, we will still continue to increase advertising for the business. We are going to explore all available means to promote our grocery store.

Peak Lane Grocery Store, Inc. We have a long-term plan to open retail locations in various locations throughout Florida, so we will intentionally build our brand to be well received in Orlando before we hit the streets. In fact, our advertising and promotional strategy is not only designed to attract customers but also to effectively communicate our brand.

These are the platforms we intend to use to promote and advertise Peak Lane Grocery Store, Inc. ;

• Place advertisements in community newspapers, radio stations and television channels.
• Encourage the use of word of mouth advertising from our loyal customers
• Leverage on the Internet and social networks such as; YouTube, Instagram, Facebook, Twitter, LinkedIn, Snapchat, Badoo, Google+ and other platforms to promote our business.
• Make sure we place our banners and billboards in strategic positions throughout Orlando, Florida
• Distribute our flyers and flyers to targeted areas in the surrounding area and neighborhood
• Contact corporate organizations, households, landlord associations and schools by calling and reporting them to Peak Lane Grocery Store, Inc. and the products we sell
• Advertise our grocery store on our official website and implement strategies that will help us drive traffic to the site
• Brand all our official cars and vans and ensure that all our staff and management staff regularly wear our branded shirt or cap.

Our Pricing Strategy

Pricing is one of the key factors that gives supermarkets and grocery stores an edge. Shoppers typically go to places (outlets) where they can buy groceries at a cheaper price, so big players in the supermarket and grocery stores such as Albertson, Kroger and Publix Super Markets Inc. will attract many consumers. Products in their stores are marked at the lowest price you can get anywhere in the US.

We know that we do not have the ability to compete with Albertson, Kroger and Publix Super Markets Inc., but we will ensure that all items available in our store are priced competitively with those available in supermarkets and grocery stores our level.

• Payment Methods

At Peak Lane Grocery Store, Inc., our payment policy is inclusive because we understand that different people prefer different payment methods depending on their preferences. Here are the payment options that will be available at each of our retail locations:

• Cash payment
• Payment through a cash register (POS)
• Pay via online bank transfer (online payment portal)
• Pay with mobile money
• Payment by check from regular customers

In view of the above, We have selected banking platforms that will help us achieve our payment plans without any hassle.

• Start-up costs (budget)

When setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to succeed by renting a place, you will need a sufficient amount of capital, since you will need your employees to be well taken care of and your establishment to be conducive enough for employees to be creative and productive.

This means that the launch can be low or high depending on your goals, vision and aspirations for your business.

The tools and equipment that will be used are almost the same in cost throughout, and any price difference will be minimal and may be overlooked. Regarding the detailed cost analysis for starting a grocery store business; in other countries it may be different due to the value of their money.

These are the key areas where we will be spending our start-up capital;

• Total Business Registration Fee in Orlando, FL $750.00.
• Legal expenses for obtaining licenses and permits, as well as accounting services ( software, POS machines and other software )
• Marketing advertising expenses for the grand opening of Peak Lane Grocery Store, Inc. in the amount of 3500 US dollars, as well as printing flyers ( 2000 flyers at $0.04 per copy ) for the total amount of a grocery store business plan
• The cost of hiring a consultant is $2,500.
• Insurance ( General Liability, Workers' Compensation and Property Damage ) totaling $2,400.
• The cost of paying rent for 12 months is $1.76 per square foot for a total of $105,600
• The cost of renovating the store (construction of shelving and shelving) is $20,000.
• Other start-up costs including office supplies ( $500), as well as telephone and utilities ( $2,500).
• Operating expenses for the first 3 months ( employee salaries, payments, bills, etc. ) $60,000
• Beginning inventory cost (stocking a wide variety of products) $100,000
• Storage equipment (containers, racks, shelves, suitcase with food) USD 3,720
• Cost of nt counting area equipment (countertop, sink, ice maker, etc.) $9,500
• Expenses for area service equipment (plates, glasses, cutlery) USD 3,000
• Cost of store equipment (cash register, security, ventilation, signage) USD 13,750
• Cost of purchase and installation of video surveillance systems: $10,000.
• Cost of purchasing furniture and gadgets (computers, printers, telephone, televisions, sound system, tables and chairs, etc.): $4,000.
• Website Launch Cost: $600
• Our Introductory Party Cost: $7,000

• Miscellaneous:

  $10,000

We will need

$500,000

to successfully set up a grocery store in Orlando, Florida. Please note that this amount includes the salary of all staff for the first month of work.

Generating funding/start-up funds for Peak Lane, Inc. grocery store.

Peak Lane Grocery Store, Inc. is a private business owned and financed solely by Bernie Vandross and his family. They did not intend to welcome any outside business partners, so he decided to limit the use of start-up capital to three main sources.

These are the areas that we intend to generate seed capital;

• Generating part of the start-up capital from personal savings

• Source of easy loans from family members and friends

• Apply for a loan from my bank

NB:

. We managed to get about $200,000 (personal savings $150,000 and a soft loan from family members $50,000). the final stages of obtaining a loan of $300,000 from our bank. All papers and paperwork have been signed and submitted, the loan has been approved and the amount will be credited to our account at any time.

Sustainability and expansion strategy for grocery store business plan

The future of a business lies in the number of loyal customers who have the ability and competence of the employees, their investment strategy and business structure. If any of these factors are missing from the company(s), then it will close down soon after.

Peak Lane Grocery Store, Inc. ensures that all the above factors are strengthened on a regular basis and we also engage in continuous capacity building of our workforce. In fact, the profit sharing arrangement will be available to all of our management employees and will be based on their performance over a period of ten years or more.

We will ensure that the right framework, structures and processes are in place to ensure staff wellbeing. Our company's corporate culture is aimed at taking our business to greater heights and training and retraining of our employees is at the top. We have plans

Checklist/Checklist

• Company Name Availability Check:

  Completed

• Business registration:

  Completed

• Opening of corporate bank accounts:

  Completed

• Providing point of sale (POS):

  Completed

• Opening mobile money accounts:

  Completed

• Opening of online payment platforms:

  Completed

• Application and receipt of tax payer ID:

  In progress

• Business License and Permit Application:

  Completed

• Purchasing business insurance:

  Completed

• Rent of premises and reconstruction of the store: In progress
• Conducting feasibility studies: Completed
• Generating wealth from family members: Completed
• Loan applications from ban k: In progress
• Writing a business plan: completed
• Compilation of an employee handbook: completed
• Drafting of contract documents and other relevant legal documents: In development
• Company logo development: Completed
• Graphic design and packaging printing Marketing/promotional materials: In development
• Recruitment: Execution
• Purchase of necessary furniture, racks, shelves, computers, electronic devices, office equipment and video surveillance systems: In progress
• Creation of an official website for the company: In progress
• Creating business information both online and in the community: In progress
• Health and Safety and Fire Agreement (License): Protected
• Planning to open or launch a member: In progress
• Compilation of our list of products that will be available in our store: Completed
• Establishing business relationships with suppliers - product suppliers: In progress