Retail Store Business Planning System
Start planning your new retailing concept with this exclusive business plan. High street and shopping centre stores developed correctly still provide a profitable venture for most entrepreneurs.
Although this sample plan is targeted towards fashion it can be tailored for any type of business that sells products in a traditional bricks and mortar store. The plan has been used to open clothing, children's toy and game shops, hardware and DIY units, convenience stores and stationery outlets.
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Why Choose this Retail Plan?
- Specifically written for a retail business preview example
- Developed by leading business planning experts
- Includes free guides and forecasting models
- Easy to use and adapt for any business scenario
- Uses current external market data
- 90 day Money-back guarantee
- Tailored to secure bank funding
Summary of this Retail Business Plan Document
Below is a preview of the narrative for this plan. You can also download this extract and table of contents from the link above.
The Business Concept
This business plan is for a new retail concept in the high street locally primarily selling womens clothes, accessories and fashion home wares. Nathalies Limited is a trading incorporated company requiring initial investment for stock and working capital for the first six months.
The company is spearheaded by Nathalie Yielding a successful seasoned business woman who has three similar stores in neighbouring towns.
The Nathalies Brand
This is a continuation of a proven concept under the "Nathalies" brand. The current stores generate £951,000 sales and £184,000 profits between them on an annual basis. The brand targets women between the ages of 21 to 59 providing a unique "boutique" environment selling items from less known designers.
The new store will additionally offer unique silver, platinum and gold jewellery collections sourced from designers in the Birmingham Jewellery Quarter which will be exclusive to this shop. The niche has limited competition and the closest real competitor is in the city centre with prices approximately 28% higher than ours due to the increased costs of operation.
Products Sold in Store
Nathalies will primarily sell limited stock of designer clothing complemented by fashion accessories:
- Designer collections from up and coming designers graduated from the University of Arts degree programmes
- Smaller stock of known designers
- Fashion accessories such as hats, scarves, shoes and coats
- Jewellery pieces including bracelets, rings, earrings, necklaces and belts
Revenues and profitability
Gross sales for this shop in the first year of operations are forecast to be £343,000 growing at 29.5% for the subsequent two years. Net margins based on current experience will be 19.3% slightly increasing over time.
The directors will be introducing £80,000 into the business. The investment requirements are for an additional £209,500 to cover shop fittings, initial stock and working capital in the first nine months.
Staffing required for this shop are one manager and two assistants. The shop will be open seven days per week 10am to 6pm. A part time assistant will cover holidays and sickness.