Norwood Convenience Store

11043 95Street

Edmonton, Alberta

Owner: Temesgen Rikitu

Ph: 780.680.5560

rikitut@yahoo.com

Background Business

• Norwood Convenience Store has been operating since 2009, owned by a couple, Temesgen Rikitu and Mrs. Rikitu

• In addition to selling products to regular day to day customers, the convenience store also sells speciality Ethiopian food and spices targeted to the Ethiopian market

• Has been a growing profitable business since 2009

Business Goals

• Short Term Goals:–To increase overall profits by $3000-$6000 in the 2011 fiscal year– Establish an inventory process or tool– Retain part-time employee – Improve computer skills (Microsoft Office Applications)– Installing latest Office Applications on company’s laptop

• Long-Term Goals:–Secure a loan or find source of financing (savings) up to $10,000–Increase the space in store by performing renovations–Purchase equipment for expanding and offering more products i.e.; assorted Halal

Meat

About Norwood Convenience Store

Temesgen is on the left, (owner) of Norwood Convenience Store. Nilofer (Business Mentor) is on the right, working together in accomplishing Norwood Convenience business goals

This area will be renovated to have a small office for the owners to be able to complete their administrative work or meetings that occur during the month

The side entrance to the right will be renovated so people can come straight in rather than in a corner

This side is already being used, as customers enter in and purchase and pay for their goods

Norwood Convenience Store sells other goods targeted for any customer who needs items such as; cleaning detergent, beverages, wine glasses, pet supplies, canned foods etc. If you are in the area, drop in for a cup of coffee, grab a snack and/or purchase a gift for an occasion if required

This section is where the specialty food and spices are sold targeting the Ethiopian market

This space has been offered by the landlord for Temesgen to renovate and expand the store. The entire will be removed. The rent would increase by $800/month

This space will be used for offering Halal fresh assorted meat

The large cabinet to the right and the wall will be removed so we can see the other side of the store ie.; the fridge, canned foods and other goods sold

More space available to be renovated for Norwood Convenience to use for preparing and packaging assorted meat

Accomplishments

To be inserted sometime in Feb or March

2012

To be inserted sometime in March- April

2012

Images to be placed, after renovations

Questions??