Khula Retail — Implementation Roadmap & Milestones

The phased implementation roadmap and key milestones from financial close and store fit-out to launch and steady-state trading.

Khula Retail Business PlanSection 10 › Implementation Roadmap & Milestones

Section 10 · Business Plan

Implementation Roadmap & Milestones

The phased implementation roadmap and key milestones from financial close and store fit-out to launch and steady-state trading.

10.1 Roadmap Overview

The implementation roadmap presented in this section translates the
strategic intent of preceding sections into a sequenced, time-bounded
execution plan. The plan covers 24 months from project kick-off, taking
the business from incorporation through store opening and into the early
phase of multi-store expansion. Critical-path activities are identified
and tracked, dependencies are mapped, and each major milestone has been
assigned an owner and a measurable completion criterion.

Figure 9.
Figure 9. Implementation roadmap — 24-month Gantt chart

10.2 Phase 1 — Foundations (Months 1–4)

Phase 1 establishes the legal, financial and physical foundations of
the business. Key activities include incorporation completion, opening
of business banking, finalisation of the funding round, signing of the
lease, and selection of the architectural and fit-out partner. Phase 1
is the lowest-cost but highest-leverage period: a poorly-chosen lease or
fit-out partner can constrain the entire business for years.

Milestone Target Month Owner Critical?
Funding round closed Month 2 MD/CEO Yes
Lease executed and rent-free fit-out period commenced Month 3 MD/CEO Yes
Architectural drawings approved by landlord and municipality Month 4 Ops Director Yes
Buying-group affiliation activated Month 4 Ops Director No
Insurance package in place (public liability, stock, BI) Month 4 MD/CEO Yes

Table 21. Phase 1 milestones (Months 1–4)

10.3 Phase 2 — Construction & Stocking (Months 5–10)

Phase 2 is the most capital- and execution-intensive phase.
Activities run partly in parallel: store construction and fit-out, POS
and IT installation, security and CCTV deployment, recruitment and
training of staff, supplier onboarding and contract execution, opening
inventory procurement and stocking, and pre-launch marketing
campaign.

Milestone Target Month Owner Critical?
Store fit-out completed and signed off Month 9 Ops Director Yes
POS, IT, CCTV and solar-battery installations live Month 9 Ops Director Yes
80% of opening inventory received and merchandised Month 10 Merch Manager Yes
All staff recruited, inducted and shift-trained Month 10 Ops Director Yes
Pre-launch marketing campaign launched Month 8 Merch Manager No

Table 22. Phase 2 milestones (Months 5–10)

10.4 Phase 3 — Launch & Stabilisation (Months 11–18)

Phase 3 covers the critical first eight months of trading, during
which the Company will progressively dial up trading hours, refine the
assortment based on observed sell-through, and embed the operating
disciplines that will support long-term profitability. The loyalty
programme will be launched in Month 14 and the e-commerce channel
activated in Month 16.

10.5 Phase 4 — Scaling Preparation (Months 19–24)

Phase 4 prepares for replication. Activities include site scouting
for Store 2 (typically requires 4–6 months of search before
identification), refinement of the operating manuals based on Year 1
learnings, and the formal opening of conversations with capital
providers regarding the Year-3 funding round.

10.6 Critical Dependencies & Risks to Schedule

Dependency Risk Mitigation
Lease execution Landlord delays / counter-offer escalation Two parallel sites under negotiation; legal review pre-completed
Municipal approvals Drawing approvals can take 6–8 weeks Drawings developed in parallel with lease negotiation; expediter retained
POS hardware delivery Imported components subject to FX and shipping Order placed Month 4 with 90-day lead time; alternate vendor identified
Staff recruitment Specialist (bakery, deli) roles harder to fill Specialist roles recruited first; agency back-up retained
Initial inventory funding Working capital must be in place before stocking Funding round timed to close Month 2; supplier credit lines as buffer

Table 23. Critical dependencies and schedule mitigations

Confidential — this business plan is provided to prospective investors and lenders for evaluation purposes only and may not be reproduced or distributed without the written consent of Khula Retail (Pty) Ltd.