Retailing new books including e-books Retailing newspapers Retailing magazines and other periodicals Retailing of stationery and other related merchandise pens, pencils, erasers, writing pads, notice boards, writing boards, crayons, water colors, plaster of Paris, stick — on, and cardboards et al Sales Forecast One of the reasons why we are in business is to make good money and so we have to make sales projections before actually making the money. It is important to state that our sales forecast is based on the data gathered during our feasibility studies, market survey and also some of the assumptions readily available on the field. One thing is common with book store business, the larger a book store including varieties of quality items at affordable pricesthe larger the numbers of customers that will patronize them. Below are the sales projections that we were able to come up with for the first three years of operations; First Fiscal Year-:
Strategic Analysis with current research! The Used Book Store, Inc. The Company was founded in by John Doe. The second revenue stream of the business will come from the sale of coffee products that will be sold within the Used Book Store.
This business model is akin to that of Borders or Barnes and Noble for people that want to browse, but not necessarily purchase a book. The third section of the business plan will further describe the services offered by the Used Book Store. The interest rate and loan agreement are to be further discussed during negotiation.
Doe has more than 10 years of experience in the retail management industry.
Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations. Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years. Doe intends to implement marketing campaigns that will effectively target individuals within the target market.
The Company is registered as a corporation in the State of New York. Below is a breakdown of how these funds will be used: Doe is not seeking an investment from a third party at this time.
Doe may seek to sell the business to a third party for a significant earnings multiple. Most likely, the Company will hire a qualified business broker to sell the business on behalf of the Used Book Store. At the onset of operations, Management intends to have approximately 20, books within its inventory.
At this time, Management is sourcing specialized software that will allow the business to easily categorize its inventories of used books while concurrently acting as a point of sale system. Barnes and Noble and Borders have both capitalized heavily on this trend as people who come to the store to browse, but not necessarily to buy, will often purchase a beverage or small snack while looking at merchandise.
The margins earned from this segment of the business are tremendous, and it will ensure the profitability of the business from the onset of operations. Doe is currently looking into acquiring the licensure to serve coffee and small food items to the general public. Currently, the economic market condition in the United States is in recession.
This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows.
Many economists expect that this recession will continue until mid, at which point the economy will begin a prolonged recovery period.
However, used book stores tend to operate with a significant amount of economic stability especially those with cafes as the prices for books are lower than their new book retailing competitors.
The industry has grown significantly over the past ten years as major retailers like Borders and Barnes and Noble have integrated cafes and other amenities into their locations, which position the stores more as a community forum.
The future expected growth rate of the industry is expected to mirror that of the general economy and population growth. In this section, you can also put demographic information about your target market including population size, income demographics, level of education, etc.
The key to writing a strong competitive analysis is that you do your research on the local competition. Find out who your competitors are by searching online directories and searching in your local Yellow Pages. Below is an overview of the marketing strategies and objectives of the Used Book Store.
Doe intends to source a highly visible retail location that will ensure that the business receives a significant amount of visibility from vehicles and passers-by. The Company will also regularly host open microphone nights, poetry readings, author visits, and other community events.
In time, this website may feature functionality that would allow customers to order a used book in stock in an e-commerce capacity.
This could substantially increase the volume of the business. The website will also provide information regarding the sale of used book inventories to the Used Book Store. You should provide as much information as possible about your pricing as possible in this section.
However, if you have hundreds of items, condense your product list categorically. This section of the business plan should not span more than 1 page. For each owner or key employee, you should provide a brief biography in this section. During times of economic recession, customers will have less discretionary income.Before you start writing a business plan for your bookstore, take a look at a few sample business plans for used bookstores, online bookstores, or news agents.
They'll provide inspiration and ideas, and save you a ton of time.
Get inspiration on how to write a business plan. Our gallery of over + free business plan samples include: restaurants, online retail, health care, plus tons of business . Flyleaf Books used book store business plan executive summary. Flyleaf Books is a start-up used bookstore in the Cleveland, Ohio area offering a wide range of book, magazine, and music selections.
A Sample Online Book Store Business Plan Template. Business Overview; The book store industry which is a niche in the retailing industry is one unique industry that is active in all parts of the world.
The used book store sample business plan describes in great detail how the company will improve cash flow through a local market in the Cleveland Ohio Area. Flyleaf Books plans to provide used merchandise at the lowest prices in the business, and provide their customers with outstanding customer services.
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