Consider a number of factors when writing your business plan.
All costs and expenses are taken from the high side of any estimates or ranges. The sales figures are deliberately figured from the low side of any projections. This was done to present the project in the most conservative manner.
Targeted market share projections are very conservative considering that we will be the only store of this type in the market area. The nearest full line competitors are 70 miles away. The cash flow chart does not account for four weeks in the year. For ease of accounting all months are assumed to have exactly four weeks.
This action allows for some buffer effect in cash flow assumptions.
These savings are not reflected in the cash flow estimates, as they are not locked in until the actual purchases are made and are based on the size and the timing of the order. The landlord, recognizing that the store will be a magnet store that will draw customers, offered an excellent lease at about half the going rate for the area that we are located in.
We will generate shopping traffic for the other businesses in the building. The depreciation expense account in the cash flow projections is based on MACR schedules for assets in the 7 year category. The first is to open Celebrations of Kokomo.
This will be a retail store selling three lines of merchandise. Paper products such as plates, napkins, tablecloths, balloons, decorations, and banners. A full line of wedding accessories such as bridal pillows, cake tops, server sets, and so forth. Etched glassware such as wine glasses and wedding and anniversary gift sets of glass and crystal and a careful selection of items suitable for gifts for weddings, anniversaries, and special occasions.
The break even point of sales vs. Debt service is paid from the first month of operation. Total accumulated profits compared to all accumulated expenses become positive in the 10 th month of the first year.
In stage two we hope to expand the business to include event planning and coordination of peripheral services such as hall, rentals, limos, and caterers. This stage does not require financing and will be implemented, as it becomes viable. The retail market in the tri-county are of Jackson, Green, and Yardley counties is estimated at 3.
Volume and selection will allow moderate pricing strategies. Management skills of the owners: Rivers Legal structure of the company: Retail sales of decorations, paper goods and accessories for weddings, birthdays, anniversaries and all types of parties and occasions.
Reasons for formation of the company: The main reasons for starting this company are to provide a useful and needed service to the community, to fulfil lifelong ambitions of being in charge of our destines, to work for our own economic welfare, and to function at our potential.Keep the party alive by learning how to sell party supplies online.
Getting started with your own online store is easier (and less expensive) than ever before. So break out the streamers and balloons and host your very own web party when you open the doors to your new online business. For example, you might choose to open a party store that specializes in selling costumes for Halloween, a business that offers bounce house rental and supplies for children's birthday parties, a store that offers party supplies for events from New Year's to Christmas, or a store that provides everything needed to plan a fabulous wedding.
Encyclopedia of Business, 2nd ed. Party Supply Store Business Plan Business Plan: Business Plans - Volume Party Supply Store: Starting Your Own Party Supply Business License Most Important Registration Selling party supplies requires a sellers permit to buy the Party Supplies wholesale or the Party Supplies materials and then sell it retail.
Free Retail and Online Store Sample Business Plans Whatever type of retail store you're starting, a good business plan is essential.
Get ideas from this assortment of sample business plans for clothing stores, online stores, e-businesses, gift shops, eBay, art galleries, and other retail businesses. Starting Children's Birthday Party Supply Business If you love children and birthday parties, you can start your own children’s birthday party supplies business.
In this type of business, you can sell items like birthday cards, invitations, party favors, bags, hats, and many others.