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Start Up Cost Analysis For A Chicken Restaurant

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The Best Location and the Start-up Cost Analysis for a Chicken Restaurant
The geographic location is of vital importance for many kinds of businesses, especially for retail business. A poor choice of location can be hard to repair for a start-up company (Markman, 2010). There are many types of locations for retail or catering business to choose, including downtown shopping districts, shopping centers and stand-alone stories (Moorman and Halloran, 2006). The choice of location mainly depends on what kind of consumer goods you sale. Convenience theory is also considered in location finding because time and convenience often worth money to customers (Moorman and Halloran, 2006). In this paper, we investigate three locations to start a chicken restaurant. The business a takeout fast food restaurant provides fried chicken, soft drink and boxed lunch. The customers of the chicken restaurant are mainly …show more content…

It is close to the south gate of a huge residential area called Shudu Huayuan. The demographics are beneficial to this shop. There are 34 buildings and 4200 families living in this area (Sina, 2016). Moreover, there is a primary school opposite to the shop and a cinema on the east of the shop around 200 meters away. Therefore, the population of this area is large enough and there is enough percentage of people who matches the customer profile (Markman, 2010). For foot traffic, the shortest way for people who live in Shudu Huayuan to go to the subway station is to turn right on the south gate. Thus they have to pass the shop. There is no chicken restaurant within 1 kilometer around this shop. However, there are 2 cake shops, one noodle shop, and one ripe meat shop around the shop that could be the competitors of the chicken restaurant. The shop has enough room for growth. It has room to place equipment for making tea with milk or breakfast if the entrepreneur

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