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.