Analysis Of Classic Gift Shop

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Introduction
Classic Gifts shop is a predetermine business retail shop which will set up to offer a wide variety of gift items to the residents and visitors in the Dubai Metropolis. The shop will be set up in one of the most iconic landmark building in the City of Dubai, United Arab Emirates (Weissbourd, 2011). The start-up business is setting up its premises in the building with the sole aim of being the flagship gift shop. The business idea has been necessitated with the availability of spacious and eye catching business shops especially on the Mezzanine floor.
Product Description
Classic Gift that deals with a wide array of gift items for all age groups in the society. The shop buys item and rebrand them to give the merchandise a touch …show more content…

The provision for the fund to meet the business start-up expenditure as well as the operational finances (Karlsson, 2009). The framework through which the management will be run according to the evaluated business objectives (Cojocaru, 2014). The funds will be contributed by the personal finance as well as the family assets. Ahmad financial statements back up the plan for the Classic Gifts shop and lay out what is needed to get the business started, as well as when the company expected to see positive cash flow. The three owners will each contribute $20,000, and own a 33.33% stake in the business. Along with the initial personal investments, two loans will be required to cover additional start-up expenses. The first will be a $100,000 loan from First National Bank, and the second a $50,000 loan from the Small Business …show more content…

Currently, there are a thousand and one families with continuous demand of gift facilities. The shop therefore strives to provide the town and its outskirts the best choice of all season gift options (Carleo, 2012). The Classic Gift Shop competitor is the Royal Gift shop which shares the same production of products to the market. Royal Gift shop is the main competitor in the market since its share market in selling its products is 40 % which is 10% less than the Classic Gift Shop. The competition from the Royal Gift Shop in Dubai is aided by the factors such as the pricing of products as well as the extra customer services (Cojocaru,

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