Our feasibility study would typically involve assessing the viability and potential success of establishing a farm shop, cafe and farm experience business. Here are some key components that may be included:
Market Analysis
This involves researching the local market to understand the demand for products, customer demographics, competition, and trends in the industry.
Location Analysis
Evaluating potential locations for the farm shop, considering factors such as visibility, accessibility, footfall, and proximity to suppliers and target customers.
Financial Projections
Estimating the costs involved in setting up including rent, utilities, wages, inventory and marketing. Projecting potential revenue based on sales forecasts and pricing strategies.
Supplier Evaluation
Identifying and establishing relationships with local farmers, producers, and suppliers to source high-quality, fresh produce and unique products for the farm shop.
Operational Plan
Developing a plan for the day-to-day operations, including staffing requirements, inventory management, customer service, marketing strategies, and opening hours.
Key Risk Analysis
Identifying potential risks and challenges that could affect the success of the farm shop, such as seasonal fluctuations, supply chain disruptions, or changing consumer preferences.