Question
Operations about wine in oakanagan valley which we sell as subscription boxes every month. 1) Location: explains why you have selected your location and how
Operations about wine in oakanagan valley which we sell as subscription boxes every month.
1) Location: explains why you have selected your location and how it satisfies the needs of your target customers and your business. If you are working out of a home office explain why
- How close or accessible is your location to the target market and advantages or disadvantages in terms of traffic patterns, parking, and lighting.
- Distribution channels you plan to use to reach the target customer if you dont have a store-front location
- How the location satisfies the exterior and interior requirements of the business (if possible, include a floor plan or photos in an appendix). Also, need to describe the size and makeup of the building and what it contains. Discuss any options for signage and if exterior has been recently upgraded. If you have photos of the place that is for rent (through realtor or mls.ca guide, good to include, or if you have developed your own plans, include in appendix)
- How close the competition is to your location
- The possibility for expansion
- Whether the building is leased or owned. Indicate whether the lease has been reviewed by a lawyer (include proof of ownership or a copy of the lease in an appendix). If you are unable to get the lease agreement, state you will review it with a lawyer prior to a lease agreement being finalized.
- Whether the location is in conformity with municipal by-laws (zoning) and environmental regulations.
2) Equipment: details what you need for your business.
- A description of any equipment you need, its value (COSTS) and specifications (attach pictures to appendix if equipment is key to your business). This includes office equipment as well as equipment necessary to perform your service or make your product. Note: you will want to refer to this section in the financial plan when discussing your start-up costs.
- A list of any furniture or fixtures you need for your office or your business.
- 3) Operating Costs: Prepare a detailed variable cost schedule for each manufactured product or service offering.
Note: if you are starting a manufacturing business you also need to discuss areas such as purchasing, inventory control, production and quality control, and whether you are producing all the components through your company or subcontracting out production. Explain the rationale for your decisions.
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