Health Food Retailer, Regional, UK (<1M turnover)

The Issue:

 

Loss making legacy retail business sinking potentially more profitable service business

 

TasteBed Activity:

Reboot package: 6 sessions over 4-6 weeks

  • Owner interviews
  • Customer anonymous survey
  • Staff anonymous survey
  • Sales & stock analysis
  • Financial modeling
  • Action plan

Value Add:

  • 60% stock reduction – excess stock generating immediate cashflow
  • ‘Back to basics’ action plan put immediately into effect. Immediate cost reduction.
We found ourselves in need of some assistance, our sales had flat-lined and our costs were increasing. We were looking for new ways to revive the business. We engaged Jasper and he swiftly flung himself into our business. We were initially considering opening a cafe, and Jasper’s brief was amongst other things to assess the viability of the cafe idea.

Through his detailed analysis of our business our course of action quickly became apparent - which now did not involve a cafe at the present but moved us in other directions.

Jasper carried out a thorough cost and profit analysis of our business, which has since resulted in considerable savings and moved the company to a much more positive position for the future.