Moreover, we expect a portion of our products to catch on with the younger generations. Combined, Jensen and Mathews have nearly 30 years experience in the fashion and retail industries. Also, it takes time to build a retail store, and by the time a competitor attempts to compete with us directly, we will have already established a strong customer base.
Having this online presence will allow us to build our email marketing list and send regular promotions to customers with new product announcements, discounts, specials, birthday coupons, and fashion ideas. Style Villain will also accept payments through mobile wallets to facilitate business, save money on transactions, and keep up with millennial trends.
Intellectual Property Any and all designs created by Ms. Growth and Expansion It is important for you and your investors to know the ways in which you plan to grow the business in the future.
Our sales associates will be paid an hourly wage, plus commission. These customers will either hail from affluent families fashion retail store business plan themselves have decent salaries and expendable income.
But there are two chain department stores. It is also a known fact that retailers are also offering their branded products at stores carrying multiple brands. These will fashion retail store business plan heavily on local print and broadcast media coverage, traditional advertising, signage, a direct mail marketing campaign and networking.
Organization Structure and Management Team Inform readers of your business structure, such as sole proprietorship, corporation or partnership, and explain who does what in the organization.
Our sales staff will include both co-owners and part-times sales associates. Complete renovating, stocking, hiring and initial marketing. Second Time Around targets women and may overlap our target demographic slightly.
We expect our strategy to draw consumers into Booming Boutique from the very beginning. However, daily responsibilities will differ. Our hip and qualified fashion-industry expertise will ensure our customers walk away with the perfect outfit.
We believe that this have created a small market niche for businesses to sell clothing and products. Her experience includes working with apparel retailers, clothing wholesalers, garment manufacturers, and fashion designers.
Marketing Plan Describe how you plan to advertise to consumers shopping for the types of clothes you sell. Coming up with a way to advertise your retail business will bring exposure and foot traffic into the store.
Specifically forecast your expenses and revenues in the form of income statements, cash flow statements and balance sheets for five years.
We will use the remainder of the start-up funds to cover operating expenses, such as rent, utilities, wages and marketing to increase retail sales. Strategic Advantage Build on information in the market analysis section to show how the clothing store will be able to compete against the other stores named there.
Style Villain will be set to capture this growing market on its upswing, and make a name for itself as a provider of quality, stylish garments.
For instance, a store that focuses on selling high-end handbags may target young professional women, so its business plan should show that the area surrounding the store has a large number of such women.
Also, some businesses like casinos and jewelry stores are frowned upon. We will implement end of season sales, holiday and overstock sales, multi-buy savings and promotional coupons at strategic intervals. Mathews has worked ten years in the retail industry, including four years as the manager of an antique furniture shop.
Robin Mathews will manage the day-to-day operations including supervising staff, maintaining inventory and bookkeeping.
Further, Booming Boutique will not just be a store that sells clothes. Product Description Tell the reader what types of products the company sells and identify the target market for these products.
Additionally, as we build our business, we plan to simultaneously develop an online clothing store for Booming Boutique. Taking Inventory A crucial part of the plan is how you will obtain the goods being sold. Our aim is to establish our company as a pioneer in this youth-obsessed industry and build a boutique brand name that will be synonymous with the fashion industry revolution.
Our company will secure merchandise from local manufacturers with showrooms in Orlando and Miami. In addition, company co-owner, Joanna Jensen, has worked in the fashion industry for more than 20 years.
In the Downtown District, the shops most closely competing with Booming Boutique are as follows:This sample business plan is intended to provide you with a template that can be used as a reference for when you’re hard at work on your plan.
The company is a completely fictional organic denim and apparel company, however, we made sure the industry research was.
A business plan is a document entrepreneurs produce to lay out a full description of the financial standing, operational plans and earning potential of an enterprise. A sound business plan can help any budding entrepreneur lay the groundwork for a successful store.
Aug 05, · Reader Approved How to Start a Clothing Retail Store Business. Opening a clothing retail store is a serious business. This is one industry that can help you earn a steady income every month with ample scope for advancement%(). Clothing retail in Mt. Pleasant, SC follows similar trends in affluent cities across the United States.
The average yearly salary of a Mt. Pleasant resident is $52, per year, and cost of living in lower than in most parts of the country. Clothing Retail Business Plan.
Mahogany Western Wear is a start-up company seeking to become the number one retail store in a very specific market: western wear apparel and accessories for the urban African-American cowboy and cowgirl population.Download