What Changes Were Desired?
With the catering company doing well, the owners started to talk about how to expand. One of the ideas they liked the most was to open a retail space where they could sell pre-made, chef-quality meals to those in the area. It would give them a new customer base of people who wouldn’t normally order catering.
They knew it would be a lot of work but they’d been looking for more challenge. They decided to learn more about what the process would be like before deciding for sure whether to go for it or not.
The Cost of Retail Space
The first thing to delve into was how much the retail space would cost. This required planning in terms of how large the space would be, what neighborhood would be the best location, and how many customers they wanted to accommodate at one time.
After determining all of these factors, the owners determined that the full cost would be about $2,000,000. It would give them a space in a fantastic spot where potential customers were already spending their time. The space would be large enough to showcase their meals and accommodate a large number of customers.