Business Report

Business Report Business: Michels Patisserie ( prerogativee) Location: Oxford Street, Darlinghurst Michels Patisserie is a Franchise across Australia, mete outing a grand selection of cakes, muffins, breads, coffees, snacks, sandwiches, wide-eyed savoury packs as well as cakes and savouries such as pies for any occasion. As a franchise, Michels Patisserie has some(prenominal) downcaster entities which work under this federation; some as regain traders, trust businesses, partnerships or til now as a cloak-and-dagger and public companies. Each of these all have their own income from which they even up a certain amount of royalty to the franchiser who owns the company un slight not the business. This Particular Michels Patisserie is in Oxford Street, Darlinghurst. It is a small sole trading business working as a franchisee of Michels Patisserie, within the private sector. For his initial investment he has a franchise fee of 350 000 dollars and used integrity centu ry per cent equity finances with no debt. His business and equipment investment was 100 000 dollars. The business has been working daily sedate of late with 4 employees. As a small individualist business, it faces many challenges and risks impacted by its external influences. Two of the study influences that carry on this business argon the amount of contention and the economic influences.

militant situation: Michels Patisserie is located in the core of the metropolis and on master(prenominal) road. It has many competitors in the area as well as another franchisee for Michels patisserie located less than 20 minutes away. One of the main competitors is Gloria Jeans and Sta! rbucks as they are both businesses which are marketed well and betray similar products. Michels patisserie can be competitive in terms of pricing, location, experienced competitors and new entrants, quality of products, technology, ease of approach path and even the welfares of customers backing in that area. On Oxford Street on that point are a number of cafés , coffee shops, forbid and just stores which sell drinks, snacks...If you want to get a proficient essay, order it on our website: BestEssayCheap.com

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