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Start part-time Many enter the engraving business on a part-time basis. All business plans come in Microsoft Word and Microsoft Excel format. Each business plan features:. Trophy Store, Inc. The Company was founded by John Doe. As stated above, the Trophy Store will be actively engaged in the sale of trophies and related engraving services.
The Company will offer both a number of standard trophies and will also provide custom trophies as required. Doe is currently sourcing a number of local baseball leagues, little leagues, and corporations that hold inter-office events as potential customers so that the business begins to generate revenue at the onset of operations. The third section of the business plan will further describe the services offered by the Trophy 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.
The Founder expects that the business will aggressively expand during the first three years of operation. Doe intends to implement marketing campaigns that will effectively target sports leagues and businesses that have trophy needs 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. If the business is very successful, Mr.
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 Trophy Store, Inc. Based on historical numbers, the business could fetch a sales premium of up to 4 times earnings.
As stated in the executive summary, the business will be actively engaged in the sale of standard trophies, custom trophies, and engraving services related to trophies. The Company will earn substantial margins on the direct sale of trophy products as well as the engraving services offered by the business, which will be completed on site. The business will also maintain an active online presence so that the business can solicit orders from all around the country for both bulk trophy sales and custom sales of trophies.
This will be further discussed in the fifth section of the business plan. This section of the analysis will detail the economic climate, the trophy store industry, the customer pro capital punishment essay, and the competition that the business will face as it progresses through its business operations. 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.
This is a mature industry, and the future expected growth rate is expected to mirror that of the general economy.
With the recent economic slowdown, Management anticipates that the industry will see a subsequent slowdown in growth and revenues as consumers cut back on discretionary purchases. However, the Trophy Store intends to operate a national basis from its retail location via e-commerce based platforms. This will substantially reduce the risks of operating solely in a traditional retail capacity.
It should be custom engraving business plan that there is no special software required to use these templates. All business plans come in Microsoft Word and Microsoft Excel format. Each business plan features:.
Trophy Store, Inc. The Company was founded by John Doe. As stated above, the Trophy Store will be actively engaged in the sale of trophies and related engraving services.