This is the summary of the SWOT analysis that was conducted for Louis & Louisa Shoe Store®, Inc.; Our location, the business model we will be operating on both (physical store and online store), varieties of payment options, wide range of footwear and our excellent customer service culture will definitely count as a strong strength for Louis & Louisa Shoe Store®, Inc. The operation of a General Store business that offers a range of food and beverage products is the core of this start-up. As a shoe store owner, you’ll need to pay your employees between $8 and $20 per hour, depending on their position. Tacoma badly needs an upscale shoe store for women because the current stores have an inadequate selection. We have been able to conduct thorough feasibility studies and market survey and we know what our potential clients will be looking for when they visit our shoe store outlets; we are well positioned to take on the opportunities that will come our way. We are well positioned to take on the available market in Charleston – West Virginia and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow the business and our clientele base. Passion Soles is a women's only shoe store in Tacoma, WA. For instance, it will be difficult to find any sane man or woman on the street of Charleston – West Virginia without shoe. Starting a shoe business is a lot like starting any other type of apparel business. Online Shoe Retail Business Plan, dissertation titles uk college admissions programs, cheap thesis binding service near me, how to write a resume for phd application. Sooner or later, every entrepreneur confronts the choice to start a business or buy an established company. by Aimee Bradshaw. Q. By becoming an Athlete’s Foot franchise, we benefit from a comprehensive support program that includes: We recommend using LivePlan as the easiest way to create graphs for your own business plan. The industry our business operates in is Retail (44-45), and Shoe Stores (44821). There are several “Mall” stores, which cater to a fashion athletic footwear customer. Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions. We hired experts who have good understanding of the shoe retail stores industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in Charleston – West Virginia. We will be the only full-service athletic footwear store with quality, knowledgeable sales help in this city of 100,000 people. Write your business plan with the #1 online business planning tool. Our goal is to have 150 running club members by the end of the 18th month of club operation. Transform a love of shoes into profit by opening a shoe business. There are approximately 29,000 school-aged children within three miles of the planned store location. This is where the fun begins. As for the detailed cost analysis for starting a shoe retail store business; it might differ in other countries due to the value of their money. Executive Summary 1. We will ensure that we get our customers involved in the selection of brands that will be on our shoe racks and also when making some business decisions. Ensure that our we position our banners and billboards in strategic positions all around Charleston – West Virginia, Distribute our fliers and handbills in target areas in and around our neighborhood, Contact corporate organizations, households, landlord associations and schools by calling them up and informing them of Louis & Louisa Shoe Store®, Inc. and the products we sell, Advertise our shoe store business in our official website and employ strategies that will help us pull traffic to the site. The Athlete’s Foot store in Pine Ridge Square will become the athletic footwear headquarters for the City of Coral Springs, Florida. Louis & Louisa Shoe Store®, Inc. will retail men’s shoes, women’s shoes, men’s athletic shoes, women’s athletic shoes, children’s shoes, slippers and other types of shoes such as Hosiery and sports footwear, golf shoes, bowling shoes and cleats et al from different manufacturers (brands) from the United States and abroad. Expect to pay about $2,000 per month for rent. Business Model The business model section for a shoe store business plan is its approach to the market in a way that address an unfulfilled need, such as the absence of a shoe store in a specific area, or outperforms the existing regional shoe stores in some way. The Dollar Store is a start-up retail store in Bend, Oregon that provides interesting merchandise options at bargain prices. Responsible for fixing prices and signing business deals, Responsible for providing direction for the business, Responsible for signing checks and documents on behalf of the company, Evaluates the success of the organization, Responsible for overseeing the smooth running of HR and administrative tasks for the organization. Our mission is to establish a world – class shoe retail store business that will make available a wide range of shoes from top shoe manufacturing brands at affordable prices to the residence of Charleston – West Virginia and other key cities in the United States of America and Canada where we intend opening of chains of shoe retail stores and franchise. Tacoma badly needs an upscale shoe store for women because the current stores have an inadequate selection. A shoe store owner stocks, promotes, and sells shoes. Click here to view this full business plan. He has already had success in running a shoe store, and being in business with him would likely increase chances of success in the specialty shoe store market. That is the prime age of Florida’s running community. The shoe retail is a mature and highly competitive industry, composed of large multinational chains to small local businesses. This free Business Plan example provides you with a sample business plan as well as guidance on how to write a business plan and important sections to include in your plan. Passion Soles will leverage Holly Heels’ extensive knowledge of the women’s retail shoe industry to quickly gain market share. There are 57,000 adults between the ages of 20 and 54 within three miles of the center. Ajaero Tony Martins is an Entrepreneur, Real Estate Developer and Investor; with a passion for sharing his knowledge with budding entrepreneurs. Dying shoes creates a new shoe color that is acceptable only 20% of the time. One is low end shoe market, under which come all the low budget shoes, some with brand, some brand less and mostly finds its demand among lower class people or lower middle class people Sample Business Plan 2. Best place for opening a shoe retail store? Free Business Plan Template. In other to continue to be in business and grow, we must continue to sell the footwear that are available in our store which is why we will go all out to empower or sales and marketing team to deliver. 4. to ensure accurate and helpful information is supplied to customers when they make enquiries (answer customer queries regarding the store and the merchandise). A Sample Sneaker Store Business Plan Template 1. They will donate equity that will be cleared at the end of 36 months. We have conducted our market research and feasibility studies and we have ideas of what our target market would be expecting from us. Many Atlanta shoe stores are hoping to use the Super Bowl as an opportunity to drive traffic to their stores; others worry about traffic. In your retail business plan, you want to be as detailed as possible about the items you’ll be selling. The business plan for a retail store depends on a variety of unique factors , including the location, product focus, and positioning strategy.For instance, some retail stores are only offline and located in high traffic areas such as tourist centric locations or shopping malls. Retail Discount Store Business Plan Executive Summary. Open our shoe store in a grand style with a party for all, Introduce our shoe store by sending introductory letters alongside our brochure to organizations, households and key stake holders in Charleston – West Virginia. An activity plan is a controlling way for the business to continue to accomplish the entirety of its objectives and goals portrayed in the Shoe Store Professional Business Plan Template. Responsible for financial forecasting and risks analysis. Louis & Louisa Shoe Store®, Inc. is a family business that is owned by Louis Anderson and his twin sister and business partner Louisa Anderson. How to Write a Business Plan in Under an Hour, This is How to Build Remote Work into Your Startup Business Plan, How to Write a Business Plan for a SaaS Company, See more articles in Writing a Business Plan », How to Make Your Business Plan Standout for Investors, How to Successfully Pitch Your Business Idea to Investors, The 11 Slides You Need to Have in Your Pitch Deck for 2020, See more articles in Pitching a Business », How Your Digital Marketing Strategy Can Help Your Business Get Funding, How to Build Credit 101 for Small Business Owners. It sells fashionable clothing, shoes, purses and accessories. We know that one of the ways of gaining approval and winning customers over is to retail our wide range of quality footwear a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while. Ongoing strategic marketing is necessary for continued business growth. We are aware that there are several large and small chains of shoe retail store outlets all around Charleston – West Virginia, which is why we spent time and resources to conduct a thorough feasibility studies and market survey so as to be well positioned to favorably compete with all our competitors. The purpose of this business plan is to raise $100,000 for the development of a women’s shoe store while showcasing the expected financials and operations over the next three years. These are the areas we intend generating our start – up capital; N.B: We have been able to generate about $250,000 (Personal savings $200,000 and soft loan from family members $50,000) and we are at the final stages of obtaining a loan facility of $500,000 from our bank. The store will emphasis the sale of children’s athletic shoes and a full assortment of men’s, women’s, and children’s running shoes and accessories. Handles any other technological and IT related duties. It will focus on the large local markets of school-aged children who participate in athletic programs and adults who are active runners or cross-trainers. Engage on road shows within our neighborhood to create awareness for our shoe store. Nouveau riche Boutiqueis a fashion retail store located in Charleston, SC. Please note that the above projection might be lower and at the same time it might be higher. Below is the sales projection for Louis & Louisa Shoe Store®, Inc. it is based on the location of our business and other factors as it relates to shoe retail stores start – ups in the United States; N.B: This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor retailing same shoe brands and customer care services as we do within same location. ft. daycare center, a children’s and young men’s specialty clothing store, a learning center, four restaurants, and several other youth-oriented businesses. In total, there is approximately 400,000 sq ft of retail space at this intersection. If it’s clothes, include whether there will be tops, pants, and/or shoes. You must try to analyze the shoe purchasing habits of the local population. Payment via credit cards / Point of Sale Machines (POS Machines), The Total Fee for Registering the Business in the Unites States of America –, Legal expenses for obtaining licenses and permits as well as the accounting services (software, P.O.S machines and other software) –, Marketing promotion expenses for the grand opening of Louis & Louisa Shoe Store®, Inc. in the amount of, Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium –, Cost for payment of rent for 12 month at $1.76 per square feet in the total amount of, Cost for Shop remodeling (construction of racks and shelves) –, Other start-up expenses including stationery (, Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $60,000, The cost for Start-up inventory (stocking with a wide range of footwear from different brands) – $250,000, Cost for store equipment (cash register, security, ventilation, signage) –. 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