New shop in village

[Alfred the Great]

I think that most places are over supplied with shops, now that supermarkets reign supreme. Just my view of course.

[Angel]

So what type of shop do you think would do well there?

How about a Betting Shop - they could open a book on how long each shop will survive!!

[sasquartch]

How about a Betting Shop - they could open a book on how long each shop will survive!!

Somewhat ironic given that gambling is one of the biggest businesses on the internet 

[Nobby]

A pawnshop?

[Aidan Winwood]

Poeople have been wondering about an Italian in the village for about the last 15 years.  We almost got one opposite the Coop I believe (Anthony Worrel-Thompson I think - spelling!).  It usually come up again when the corner shop under dicsussion here goes bust.  Let's keep mentioning it since oneday an Italian chef without a restaurant may be reading this... 

Aidan

[epiphany]

I note that a sign in the window now proclaims a forthcoming childrens shoe AND clothes shop.
They also already have a couple of other branches in Essex.
So, PS you are going to have to go back to the drawing board with your spreadsheet!!!
I am looking forward to no more posts from you in 12 months time!!

[sasquartch]

PS could be right though....we'll just have to wait and see

[epiphany]

PS could be right though....we'll just have to wait and see

He could be, but hey, let's be positive here.

I wish them well.

[PS]

PS could be right though....we'll just have to wait and see
He could be, but hey, let's be positive here.
I wish them well.

Yes - looking forward to the next 12 months.

And the number of times I've come across "spreadsheet" forecasts that prove wrong - Fact -  only 1 in 10 businesses succeed after the first 12 months - after that some linger on in false anticipation - and then die a death !!

Me thinks they need to see a doctor..............

[kevin]

what a great idea!
who wants to  go to shopping centres when you have shops like this in your local area.
I was walking past the shop  this morning on my way to the station .....its looks
good .!
If its the same people who I think they own the other stores in loughton and epping
they  have great shoes and clothes for kids......a bit different!they have been around
for more than 10 years......they must be doing something right.!
lets hope they have  a good selection in this one! 
my wife is very pleased.
good luck to them! 

[PS]

I was walking past the shop  this morning on my way to the station .....its looks
good .!

I'm back Wed for a few days - think I'll pop along and see what the fuss is all about - will then give a better assessment as to whether it will survive even the 12 months or not !!

[kevin]

PS... DO YOU EVER ACTUALLY  GO SHOPPING?(HUMBUG)
DO YOU HAVE CHILDREN  OR GRANDCHILDREN?......I LIKE TO SEE WHAT THEY WEAR!
YOU MIGHT BE A SUCCESSFUL ACCOUNTANT IN YOUR FIELD ,BUT  I DONT THINK
YOU KNOW WHAT YOU ARE  TALKING ABOUT IN RETAIL SPECIALISING IN THIS FIELD.
YOU  SEEM TO MAKE OUT YOU KNOW EVERYTHING, BUT  I FEEL  YOUR ARE TALKING WITHOUT KNOWING WHAT THE CONCEPT IS ALL ABOUT!
YOU HAVE CLOSED THE SHOP UP.........DEAD AND BURRIED AND MADE YOUR MIND UP BEFORE  EVEN THE SHOP HAS STARTED TO TRADE.
READING SOME OF THE QUOTES  BY YOU LAST WEEK I FIND IT QUITE FUNNY...DEFINITELY  YOU NEED TO SEE A DOCTOR!
DEFINETELY DONT NEED PEOPLE LIKE YOU IN THE AREA TO SUPPORT  YOUR LOCAL   SHOPS......VERY  SAD   !!!!!!!!!!!!!!!!!!!                                                                               WHY DONT YOU  DROP A BUSINESS CARD IN THE SHOP AND TELL THEM THAT YOU ARE A FORTUNE TELLER /ACCOUNTANT ,AND THEY WILL BE OUT OF BUSINESS IN 12 MONTHS !!!  PLEASE MAKE SURE  THERES    NO CHILDREN IN THE SHOP.                    
  PS LET US KNOW WHAT FIRM OF ACCOUNTANTS YOU WORK FOR, JUST IN CASE
OUR PATHS CROSS IN THE FUTURE.
TIME TO HANG UP YOUR BOOTS !

[John_fraser]

Kevin,

Welcome to the forum. While I agree with most of what you've written, I suggest you ignore PS as engaging in a debate with them is a fruitless exercise.

John

[PS]

Kevin,
Welcome to the forum

 
 
I AM LOOKING FORWARD TO THE NEXT 12 MONTHS - - I SUGGEST THAT YOU HAVE A BET WITH ME - IF IT FAILS YOU STOP POSTING AND VICE VERSA. YOU APPEAR TO BE A BIT OF  KNOW HOW TOO - ARE YOU ONE OF THOSE WHO RELY ON EMOTION AS OPPOSED TO CRITICAL ANALYSIS WHEN SETTING UP IN BUSINESS ? AS FOR THE FIRM OF ACCOUNTANTS I QUALIFIED WITH, JUST READ MY PREVIOUS POSTS FROM POSTING IMMEMORIAL - YOU CLEARLY HAVEN'T SO PLEASE DO NOT TRY THAT ONE ON - HARDLY A GOOD START IS IT ? LOL !!!

I DIGRESS - YOU WILL NOTE THAT I GAVE SOME STATISTICAL ANALYSIS IN ONE OF MY PREVIOUS POSTINGS - NOW TELL ME THE TRUTH -  CAN YOU SEE THE ESTIMATED NUMBER OF SHOES BEING SOLD IN THE YEAR AS BEING CLOSE TO THAT FIGURE ?

I SUSPECT YOU WILL ARGUE AS TO WHY IT WILL SUCCEED BUT NOT EVEN MAKE AN ATTEMPT TO DISPROVE MY BALL PARK ANALYSIS - IF YOU CLAIM TO KNOW ANYTHING ABOUT BUSINESS & BEFORE YOU JUMP TO CONCLUSION SUPPORTING A VENTURE WITHOUT PRESENTING YOUR OWN REASONS BEHIND IT, I SUGGEST YOU GIVE ALL THE COURTESY OF AN ALTERNATIVE ANALYSIS AS TO WHY YOU BELIEVE IT WILL SUCCEED.

OH - AND PLEASE I HOPE YOU ARE NOT A DISGRUNTLED POSTER NOW POSTING UNDER ANOTHER NAME   

While I agree with most of what you've written, I suggest you ignore PS as engaging in a debate with them is a fruitless exercise

.

Is that because you too JF, like some on this topic, have no busines experience ?  - a "loyal" village supporter relying on emotion that hopes a shop will succeed but cannot give even give the reader a reasoned quantative interpreatation as to why it will ? 

[stevea]

Is the Chinese takeway still in BP?  If it is, it's been there for as long as I can remember.

PS - what a load of cobblers!! 

[Little Miss Elaine Moffat]

This is in response to a comment PS made but has since disappeared

So according to you chum, we have a Chinese take away that you don't use

a potential shoe shop that you have condemned even before the paint is dry,

a bar that’s pretentious and expensive and serves designer larger.

I won’t ask for your comments on the butcher, baker and hardware store, because I guess they will not be to you liking.

Can I ask why you bother to come back to  the area if its such a Sodom and Gomorrah?

If you have a family here do you let them use the local facilities or are you so bombastic as to stop them having a mind of there own? ( or do they do as mine do and ignore me!)

It would be interesting not to hear your comments for once

[PS]

Well for your information chubs, I do use the Indian(s) for takeaways - the only preferred choice for me ----oh, and the Co-Op for the odd newspaper or two.

You need to establish what IS to my liking first before making such sweeping statements - that I support nothing. 

And as far as my family are concerned, its ultimately their choice, but I always advise.........!!!!!!!!

[southbury]

Guys ,

As John previoulsy intimated ; if we all ignore him and stop responding he'll hopefully get bored and go away.

rgds

[Little Miss Elaine Moffat]

Please read my posting carefully ................ It would be interesting NOT to hear your comments for once
BTW its Chum not Chubs .
As a man of the financial fraternity I would have thought a little more accuracy would have been used in your reading and postings!

[PS]

BTW its Chum not Chubs

I'm Chum, you're Chubs 

Guys ,

As John previoulsy intimated ; if we all ignore him and stop responding he'll hopefully get bored and go away.

Don't indulge him.

[PS]

I SUSPECT YOU WILL ARGUE AS TO WHY IT WILL SUCCEED BUT NOT EVEN MAKE AN ATTEMPT TO DISPROVE MY BALL PARK ANALYSIS - IF YOU CLAIM TO KNOW ANYTHING ABOUT BUSINESS & BEFORE YOU JUMP TO CONCLUSION SUPPORTING A VENTURE WITHOUT PRESENTING YOUR OWN REASONS BEHIND IT, I SUGGEST YOU GIVE ALL THE COURTESY OF AN ALTERNATIVE ANALYSIS AS TO WHY YOU BELIEVE IT WILL SUCCEED.

A quote from my earlier posting - yet NO ONE [despite my attempt to prove that the Shoe Shop shows a very significant risk] has come up with a ball park analysis to prove their assertion that it WILL work - just emotion and "blind faith" as one poster put it. Credibility rests on statistical substantiation - yet to date I have nothing from any "supporter" of the Shoe Shop.

The silence is deafening. 

[stevea]

PS - If the shoe shop sells as many shoes as the Chinese takeway has sold sweet 'n' sour pork balls..it might be open for the next forty years!! - you prawn cracker!! 

[PS]

PS - If the shoe shop sells as many shoes as the Chinese takeway has sold sweet 'n' sour pork balls..it might be open for the next forty years!! - you prawn cracker!! 

And if the parents buy as many shoes for their kids as the Chinese has sold sweet "n" pork balls, or the bakery sells jam doughnuts, then they would each have more shoes than Imelda Marcos has ever had - you Fruit n Nutcake !!! ;DLOL 

[markeric1]

But P.S your analysis is based on selling shoes only, and primarily to local customers. But it seems that they will also be selling clothes and they may be selling online. And if it quickly establishes a good reputation then people will come from further away..so your 'calculations' are meaningless. They posssibly know what they are doing more than you do, despite your great knowledge! and i would have expected them to have made a few calculations. Only time will tell if it will work.
 
To be honest half the shops in the village wouldnt be there if it was down to cold hard calculations, but people struggle and find a way of making it work..ask Bryan!

[PS]

To be honest half the shops in the village wouldnt be there if it was down to cold hard calculations, but people struggle and find a way of making it work..ask Bryan!

I do not dispute that - and it is true that MANY small businesses struggle to survive. The number of times I have seen people re-mortgage their houses for example, just in the hope that the next 12 months will be better. Its frankly, false economy - and most probably people do it because they have little choice in what they could do elsewhere, maybe through lack of qualification, skill, call it what you like. Lets hope they haven't screwed up their speadsheets 

One of my assumptions as you know, suggests that Potters Bar and WGC both have established businesses [re : catchment areas] and for a local shop to try to infringe on that, may well not work. For example, by purchasing hugh quantities of stock comes larger discounts, that quite often the smaller shops cannot compete with. John Lewis for example may well have far greater Gross Margins than the local shoe shop, thereby necessitating the local shoe shop to charge higher [and most probably unsustainable]  prices that in recessionary times clearly put people off.

On line selling for example - does not really benefit the local shop - only the huge warehouses established purely for that purpose where again, major quantity discounts are a prime factor.   Hence the reason that a lot of Music stores etc have gone bust. 

[Grumpy Old Roy]

 Hey

 Ws amatter wid you all, keepa waning Italian eating aplace. Yea, we all like wat mama cooks, but if we open up, how many of you gringos will coma long. Me, Id stick wid my own type of food, so whata abouta pie an mash and a bottle of Vino. So come on all you  bella senorias, get a der cooking.

Chow.

 Grumpy old papa Roy 

[epiphany]

Thats the worst Italian accent I've ever heard!

[kevin]

Spoke to the owner on the way back from work at BP.
They have other shops in  LOUGHTON AND EPPING.
They have been in this type of retail for 16  years!
Going through two recessions .......he must know what he is doing!
As I said before I have bought shoes for  my boy  from their stores...good
continental brands.!
ALL THE BEST TO THEM!
 

[kevin]

PS   YOU HAVENT ANSWER MY  QUESTIONS TO POSTING 41.
LET ME ASK YOU AGAIN.........  DO YOU HAVE  YOUNG CHILDREN/GRAND CHILDREN?
IF YOU HAVE, THEN YOU WOULDNT BE MAKING ALL THESE DAFT COMMENTS(HUMBUG).

1.FIRST OF ALL CHILDRENS  FEET COME IN ALL SHAPES AND SIZES(FEET HAVE TO BE
MEASURED   BY QUALIFIED SHOE FITTERS).
2. TO DO THIS YOU NEED TO TAKE YOUR CHILD TO THE SHOP(INTERNET SALES DOES
NOT  GIVE Y0U THIS SERVICE  RETURNING ILL FITTED SHOES BACK!).
3. SOME CHILDREN NEED TO HAVE CERTAIN TYPE OF  SHOES(FLAT FOOTED,PIGEON TOED ETC)
 
 THESE SHOES ARE SOMETIMES RECOMMENDED BY PODIATRIC EXPERTS.
TAKING CHILDREN TO HAVE THEIR FEET MEASURED .....COULD TAKE A LOT OF
YOUR  TIME,ESPECIALY IF YOU HAVE MORE THAN ONE!(WHO WANTS TO TRAVEL TO WATFORD OR BRENT CROSS!???)
SOMETIMES THESE STORES USE A TICKETING SYSTEM AND HAVE TO WAIT FOR YOUR TURN .
 GO ON LINE AND DO A BIT OF RESEARCH ON CHILDRENS FEET.
WELL, TO  HAVE THIS SERVICE AT OUR DOOR STEP IN BROOKMANS PARK
IS GREAT NEWS FOR ALL THE PARENTS AND FROM THE SURROUNDING AREAS AS WELL.
AT LEAST YOU DONT HAVE TO TRAVEL FAR.

THE SHOP  IN BP WILL ALSO  DO CLOTHING...FOR PRESENTS(EASTER , XMAS )ETC.
I HOPE  I HAVE ANSWERED  YOUR QUESTIONS.
IF THE ABOVE IS IRRELEVANT TO YOU AND DONT CARE ,THEN I REST MY CASE.
CARRY ON LOOKING AT THE FTSE....FELLOW CHARTERED ACCOUNTANT!

[southbury]

Kevin,

He does not want a reasoned and contsructive debate. He wants an argument . Nothing more nothing less.

rgds