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<\/figure>\n\n\n\nI\nwould love to open a shoe store<\/strong> in\nthe Parkgate Mall at 3680 Mt. Seymour Parkway and the reasons being are as\nfollows:<\/p>\n\n\n\n The mall layout is quite adequate to fit a new shop and there is a very less competition around the mall.<\/p>\n\n\n\n Secondly,\naccording to the recent study posted above, states that there will be a good\ndemand and good amount of customer traffic flow in my store.<\/p>\n\n\n\n Competition <\/strong><\/p>\n\n\n\n There\nis as such no primary competition to my shop but nearby there is a Joe Fresh in\nReal Canadian Superstore which can be seen as a secondary trading area. It may\naffect my sales but it will be profitable for me because it will be an\nunrelated competition.<\/p>\n\n\n\n Mall overview <\/strong><\/p>\n\n\n\n It\nis place where you can easily buy groceries, get a massage, do a little\nbanking, pick out a bottle of wine, take a tan, book a flight or get together\nwith your friends or family for a coffee or meal.<\/p>\n\n\n\n The\nfollowing are some brief details of the mall:<\/p>\n\n\n\n Ancillary: 42,995 (38 stores)<\/p>\n\n\n\n Total\nGLA: 54,607 sq ft<\/p>\n\n\n\n Safeway 37,000 sq ft<\/p>\n\n\n\n Shoppers\nDrug Mart 9,011 sq ft<\/p>\n\n\n\n North\nShore Credit Union 4,055 sq ft<\/p>\n\n\n\n There\nis ample space for parking and there is a combination of big and small stores\nin the mall.<\/p>\n\n\n\n Some\nof the business which already exists in the mall are Canada Safeway, A&W,\nShoppers Drug Mart, Aspire Naturopathic Health Centre, CIBC ABM, Blue Shore\nFinancial, Cobs Bread, Parkgate Farm Market, Parkgate Village Dental Centre,\nParkgate Medical Centre, Parkgate Optical etc.<\/p>\n\n\n\n My\nstore price would be medium keeping in mind the projections of 2018. <\/p>\n\n\n\n I\nwould be banking with CIBC because it is near to my store and will be\nconvenient for me. Moreover, there is a western union in Safeway which I can\nuse for any international transfer because of its low service charges.<\/p>\n\n\n\n My\nhours of operation will be from 10:00 am to 9:00 pm every day. <\/p>\n\n\n\n Talking\nabout the traffic problem, it is rough during winters because of snow whereas in\nsummers people usually come to have snacks and visit other shops in the mall\nwith their family or friends which will help to increase sales. Hence, during\nwinters it may impact my sales more as compared to summers.<\/p>\n\n\n\n A brief description of my store is as\nfollows:<\/strong><\/p>\n\n\n\n RMCP 173 (Entrepreneurship Project) Submitted to \u2013 Charlene Hill Submitted by \u2013 Rahul Vij \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Student no. – 100130545\u00a0\u00a0\u00a0 I would love to open a shoe store in the Parkgate Mall at 3680 Mt. Seymour Parkway and the reasons being are as follows: The mall layout is quite adequate to fit a … Continue reading Store Analysis<\/span> ![\"\"](\"https:\/\/eportfolios.capilanou.ca\/rahulvij\/wp-content\/uploads\/sites\/8682\/2019\/04\/image-1.png\")
<\/figure>\n\n\n\n\n \n <\/td><\/tr> \n 2018 Projections:<\/strong>\n <\/td> \n 1km<\/strong>\n <\/td> \n 3km<\/strong>\n <\/td> \n 5km<\/strong>\n <\/td><\/tr> \n Total Population\n <\/td> \n 6,313\n <\/td> \n 21,476\n <\/td> \n 62,496\n <\/td><\/tr> \n Total Household\n <\/td> \n 2,386\n <\/td> \n 7,866\n <\/td> \n 22,982\n <\/td><\/tr> \n Average Household Income\n <\/td> \n $114,687\n <\/td> \n $128,376\n <\/td> \n $114,003\n <\/td><\/tr><\/tbody><\/table>\n\n\n\n