Making decisions on these matters requires careful planning in the form of a business plan. A well thought-out business plan will give your business a greater chance at success and help you avoid common pitfalls, such as unrealistic predictions of expenses and revenue. Executive Summary The executive summary is the first and most important section of your business plan, as it gives potential investors and decision-makers a snapshot of the types of clothes you offer, identifies the potential market for your products, lists your mission statement, your qualifications to run your retail business and details how your expertise will be an advantage in your competitive industry. The executive summary should be between one and four pages and should be written in plain language, or without too much clothing industry jargon, so that anyone can understand it.
Sell the hottest trends and fashions with your own retail clothing store or fashion boutique. Use this free clothing line business plan to get your business started, including setting up an online clothing store. We will locate Booming Boutique in downtown Pleasantville, Florida, which is a popular retirement and tourist destination.
In turn, we would hope to penetrate a sizable portion of the online retail market. There are roughly 75 million Baby Boomers, half of which are women. In Pleasantville, the current population is just fewer than 40, We will initially seek customers locally, but will increase our reach as we build our brand and secure our image.
And to that end, we plan to promote our retail business with an ambitious, targeted marketing campaign, which will include a grand opening event, local media coverage, print advertising and a direct-mail campaign. Mathews has worked ten years in the retail industry, including four years as the manager of an antique furniture shop.
Our company will generate revenue from the retail sale of clothing and other merchandise. We will achieve month-to-month profitability within the first year.
We are currently seeking additional funding from outside angel investors and business business plan for opening a clothing store. Start-up funds will be used for renovations, inventory and operating expenses such as rent, utilities and payroll.
Further, most of our initial investment will also be used to purchase retail equipment and inventory software — all of which will produce future benefits for the company. A small portion of our investment will be used to create an online clothing store. There are inexpensive e-commerce tools that provide a very easy way to create an online boutique store where we can sell our fashions all over the world.
We hold equal shares of ownership in the company. As our local population ages and more Baby Boomers reach retirement-age and migrate to Florida, we recognize the need for a shop that caters to the up-beat, fashion-forward Baby Boomer generation who want to look and feel young.
However, we have identified an ideal spot in the downtown district of Pleasantville. The gorgeous area includes numerous restaurants, an art gallery, coffee shop, candy store and a picturesque park in the town square. When considering the addition of wall mounts for merchandise, multi-level clothing displays as well as creative floor planning, this facility is large enough to support future growth.
Additionally, we will be able to conduct all aspects of our business from this location since it has access to a loading dock and a back office for managers. This includes deliveries and shipments, inventory management and administrative duties such as finance, buying and marketing.
Once we launch Booming Boutique, our primary asset will be our brand, which will convey style, quality and a great shopping experience.
In the long-term, it is this brand that will separate Booming Boutique from other retailers both locally and nationally. While apparel, such as business clothing, casual wear, jeans and formal wear will be our main staple, we will also offer some accessories such as belts, scarves, and hats.
Our pricing structure will remain flexible, as we will implement suggested retail pricing on common brands as well as the standard practice of keystoning prices.
Additionally, we will use a value-based pricing structure, which measures the value of our products to our customers such as easy access, quality, customer service and styles flattering to our target consumer.
We will implement end of season sales, holiday and overstock sales, multi-buy savings and promotional coupons at strategic intervals. Because our primary concern will be ensuring our consumers are happy with the fit and style of their purchase, we will provide products tailored to all shapes and sizes of women.
In addition, we will make every effort to have petite and plus size versions of our merchandise in stock. If they are not in stock, ordering them will be easy, cheap and efficient. Further, Booming Boutique will not just be a store that sells clothes.Clothing Retail Store Business Plan Sample.
By Legal Templates • February 4, • Business Plan Samples. Executive Summary Mt. Pleasant’s rapid expansion means that there are several other entrepreneurs who will also be opening boutique clothing shops. Ms. Dawson’s contacts in the industry and familiarity with the business will.
Title: Business plan for an online store rutadeltambor.com In order to understand e-business and this business plan on an online store, it is good to have a closer look at the background of e-business and the opening hours can be displayed on a stage one website. A Sample Clothing Store Business Plan Template Clothing Store (Boutique) Business Overview One of the reasons why clothing store (boutique) business will continue to thrive is the fact that people can’t do without putting on clothes.
How to Start a Business: Opening a Clothing Company. read books about starting a clothing business or work in a store similar to one you'd like to open. Knowing your customers is the first step to running a successful clothing store.
Write a Business Plan.
Sep 24, · Clothing business is indeed a profitable business around the world. Here are the ways to start your own Clothing Store business. How to start clothing business in India. Yes, opening an apparel store will cost you, and Oklahoma State University merchandising professor Nancy Stanforth, who once owned a clothing store, recommends a bankroll of as much as $,