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Marketing skills are also important (less so if you rely mostly on footfall) – people need a reason to visit your independent sweet shop when they can pick sweets up when they go to the supermarket.
The Health and Safety Executive (HSE) should be your main port of call; the legislation you need to comply with will depend on whether you are preparing any food on the premises e.g.
(making fudge), decanting sweets into different containers, or just selling pre-packaged goods.
Location is important for all retail establishments and especially so for sweet shops.
Opinion is mixed as to the ‘best’ location for a sweet shop – all have advantages and disadvantages.
Higher qualifications, such as Edexcel’s BTEC Higher National Diploma in Retail Management (Level 5), cover a wide range of topics including consumer behaviour, retail marketing and supply chain management.
Some higher education institutions also offer foundation courses in retail and retail management – check with Skillsmart Retail, the sector skills council, for more information.
There are a number of options available which provide full shop retrofitting and use of the brand name (and perhaps promotional materials), although stock will be extra.
Franchises run between £15,000 and £25,000, with initial purchase of stock around £7,000 to £15,000.
Budget between £7,000 and £15,000, although this figure will depend on whether you predominantly stock popular ‘penny sweets’ and similar items or more expensive, trendy products.
The franchise model is well-known in the sweet shop market.