Retail Business Plans

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Retail Business Plans

Retail Business Plan Basics

Sample Retail Business Plans


Retail Business Plan Basics


The best way to show bankers, venture capitalists, and angel investors that you are worthy of financial support is to show them a great business plan. Make sure that your plan is clear, focused and realistic. Then show them that you have the tools, talent and team to make it happen. Your business plan is like your calling card, it will get you in the door where you'll have to convince investors and loan officers that you can put your retail business plan into action.

Once you have raised the money to start or expand your retail business, your plan will serve as a road map for your success. It is not a static document that you write once and put away. You will reference it often, making sure you stay focused and on track, and meet milestones. It will change and develop as your retail business evolves.

Do I need a retail business plan?

Not everyone who starts and runs a business begins with a business plan, but it certainly helps to have one. If you are seeking funding from a venture capitalist, you will certainly need a comprehensive business plan that is well thought out and contains sound business reasoning.

If you are approaching a banker for a loan for a start-up business, your loan officer may suggest a Small Business Administration (SBA) loan, which will require a business plan. If you have an existing business and are approaching a bank for capital to expand the business, they often will not require a business plan, but they may look more favorably on your application if you have one.

Reasons for writing a retail business plan include:

Support a loan application

Raise equity funding

Define and fix objectives and programs to achieve those objectives

Create regular business review and course correction

Define a new business

Define agreements between partners

Set a value on a business for sale or legal purposes

Evaluate a new product line, promotion, or expansion

What's in a business plan?

A business plan should prove that your business will generate enough revenue to cover your expenses and make a satisfactory return for bankers or investors.

Executive Summary--features the highlights of your plan and sells your idea in two pages or less.

Company Summary--a factual description of your company, ownership, and history.

Products (or Services or both)--describes your products and/or services and how they stand out from competitive products and services.

Market Analysis-provides a summary of your typical customers, competitive landscape, market size, and expected market growth.

Strategy and Implementation-describes how you will sell your product, how you will put your plan into action, and establishes milestones.

Management Summary-provides background on the management team, their experiences, and key accomplishments.

Financial Plan-contains key financials including sales, cash flow, and profits.

What makes a successful business plan?

A well thought out idea

Clear and concise writing

A clear and logical structure

Illustrates management's ability to make the business a success

Shows profitability

How do you write a business plan?

Sitting down looking at a blank computer screen as you prepare to start your business plan can be daunting. You may want to look at some alternatives that will make the process a bit easier.

Hire a Professional
A professional consultant will create the business plan for you, but you still have to be prepared to think through your business and understand the underlying concepts in your business idea. You will have to work closely with the consultant to ensure that he or she develops a good plan that accurately represents your business or business idea.

Buy a Book
There are many good books on the market that will help you to understand what needs to go into a good business plan. You can read Timothy Berry's "Hurdle: the Book on Business Planning".

Use Business Planning Software
A good business planning software package will provide you with an outline for a well-developed, objective-based and professional business plan. Software packages will remove the problem of starting from scratch by structuring your plan for you. The software should ask you the right questions that will pull out the most important underlying concepts within your business idea. Find out more about the leading software package on the market, Business Plan Pro.


Sample Retail Business Plans

Sample Business Plan 1

Type of Business: Computer Hardware Retail

Name of Business in this Example: American Management Technology

Cover Page Intro Paragraph:
By focusing on its strengths, its key customers, and the underlying values they need, American Management Technology will increase sales to more than $10 million in three years, while also improving the gross margin on sales and cash management and working capital. It serves its clients as a trusted ally, providing them with the loyalty of a business partner and the economics of an outside.

View This Plan

Sample Business Plan 2

Type of Business: Tennis Stores

Name of Business in this Example: Tennis Master Pro Shops, Inc.

Cover Page Intro Paragraph:
Tennis Master Pro Shops, Inc. operates retail tennis stores known as Tennis Master Pro Shops. Each retail location markets indoor tennis instruction and custom racket fitting. These two primary revenue streams are both high in profit margin and low in inventory requirements. Tennis Master franchise operations and company owned stores will all be included under the corporate umbrella of Tennis Master Pro Shops, Inc.

View this Plan

Sample Business Plan 3

Type of Business: Auto-parts and Repair

Name of Business in this Example: Quick and Dirty

Cover Page Intro Paragraph:
Quick and Dirty offers high-quality auto repair and parts at three different locations in the Portland, Oregon area. All of our customers will be treated to convenient, unlimited shuttle access while their car is being serviced. With the highest technology, and strongest vendor relationships in the business, Quick and Dirty foresees success with this business venture.

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Sample Business Plan 4

Type of Business: Home Decor Retail

Name of Business in this Example: Interior Views

Cover Page Intro Paragraph:
Interior Views is a home retail decorator fabrics and complementary home accessories and services concept that is now in its third year. This destination store offers the advantages of providing fabrics specifically designed for home decorator use in fabric widths of 54 inches and greater.

View this Plan

Sample Business Plan 5

Type of Business: Aircraft Rental 

Name of Business in this Example: Lansing Aviation LCC

Cover Page Intro Paragraph:
Lansing Aviation LCC (Lansing Aviation) is being formed as an aircraft rental, flight instruction, and aviation consulting company, offering a well-maintained aircraft for individual rental and for flight training, as well as professional aviation consulting for corporate, airline, and individual needs.

View this Plan


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