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Strategic Analysis with current research! The Gift Shop, Inc. The Company was founded in by John Doe. The Company will carry a diverse line of small gifts figurines, statues, etc.
The third section of the business plan will further describe the services offered by the Gift Shop. 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 and businesses that have gift basket 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. 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 Gift Shop. Based on historical numbers, the business could fetch a sales premium of up to 4 times earnings. The Company will maintain an extensive inventory of pre-developed gift baskets that have been developed by Mr.
Gift baskets will include items such as chocolate, candy, cheeses, crackers, flowers, and other products commonly found in gift baskets.
The Company will also have the ability to customize any gift basket to the specific tastes and needs of the client.
Please note that the fifth section of the business plan will focus on how the Company intends to market its products to customers within the target market. 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 industry also includes florists that specialize solely in gift baskets excludes florists with general retail operations. This is a mature industry, and the expected future growth rate of the industry is expected to mimic that of the general economy. 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 Gift Shop.
Doe intends on using a number of marketing strategies to ensure maximum visibility for the Gift Shop. Foremost, he intends to source a highly visible retail location from which the Company will conduct business.
The Gift Shop will also develop ongoing relationships with event planners and corporate gift companies that will outsource their gift basket needs to the Company.
These relationships will be an invaluable source of referrals for the business. Finally, the Gift Shop may develop its own online website that will showcase the business, its hours of operation, contact information, and location information.How to Start a Flower Shop Business | Free Book PDF Download.
Now Free! Business Guides Here's a Sample 'Executive Summary' for a Flower Shop Business plan: Introduction COMPANY NAME provides flower and gift delivery to the Williamsburg, VA area.
Upon receipt of grant funding, the Company will launch a wholesale floral . Shop for Straight Talk Wireless cell phones, including no contract, service cards and Straight Talk accessories at srmvision.com Save money. Live better.
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This should appear near the end, under “Business Plan Assumptions.” The format seen here for title, headings, text, footer, and similar features should be followed for your own business This flower . “Business Plan Of Elegant Gift Basket” Page 3 “ENTREPRENEURSHIP” Executive Summary Elegant Gift Basket is an upscale gift basket shop that offers a distinctive assortment of gifts in an artistic and unique atmosphere.