If YES, here is a complete sample online clothing store business plan template & feasibility study you can use for FREE. If YES, here is a complete sample online clothing store business plan template & feasibility study you can use for FREE. Mary & Mack Clothing Store™ is owned by Mrs. Marry Hennessey – Crowder and family. They hypothesis is that the area of Leaside, North Toronto can support the opening of a tween clothing store. We are quite aware that just like any other business, one of the major threats that we are likely going to face is economic downturn. The feasibility study shows you the details of the laundry business, the challenges, the benefits, what is required to startup as well as the profitability. One major trend over the years in the clothing store (boutique) industry is that, clothing stores (boutiques) have experienced tremendous growth in all cities in the United States of America and in most parts of the world. No matter what name you use, the importance stays the same. It may be the case that consumers in general aren’t willing regularly spend extra for an organic, homemade product. NATIONAL COLLEGE OF BUSINESS AND ARTS TRENDY BUFFET A Feasibility Study Presented to the Department of Business Administration National College of Business and Arts Taytay, Rizal In partial fulfillment of the requirements for the Bachelor’s degree in Business Administration By Abejero, Neil John D. Gonzales, Kaye Trina C. Lutao, Erica B. Merced, Vince Robin C. Pulumbarit, Roy … It is important to state that, there is no company with a dominant market share in this industry. Defining job positions for recruitment and managing interviewing process, Carrying out staff induction for new team members, Responsible for training, evaluation and assessment of employees, Interfaces with third – party providers (vendors), Ensure that clothes and fashion accessories are properly arranged, Supervise the entire sales staff and workforce, Handles any other duty as assigned by the CEO, Manage vendor relations, market visits, and the ongoing education and development of the organizations’ buying teams, Help to ensure consistent fashion trend and quality of clothes and fashion accessories on our rack, Responsible for the purchase of clothes and other fashion accessories for the organizations, Responsible for planning sales, monitoring inventory, selecting the merchandise, and writing and pricing orders to vendors. We have a CRM software that will enable us manage a one on one relationship with our customers no matter how large the numbers of our customer base may grow to. Various clothing designs have evolved over the years too. Sustainability and Expansion Strategy, How Non Profit Organizations Benefit the Society/Community, Footwear (Shoes, Canvas, Sandals and Slippers et al), Other fashion accessories (belt, handbags, sun shades, caps, hats and wristwatches et al). We will ensure that we only hire people that are qualified, honest, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers). Manage external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones, Model demographic information and analyze the volumes of transactional data generated by customer purchases, Identifies, prioritizes, and reaches out to new partners, and business opportunities et al, Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients, Develops, executes and evaluates new plans for expanding increase sales, Document all customer contact and information, Represents the company in strategic meetings, Helps to increase sales and growth for the company, Handles e-commerce aspect of the business, Responsible for installing and maintenance of computer software and hardware for the organization, Manages logistics and supply chain software, Web servers, e-commerce software and POS (point of sale) systems. Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations. Over the years, clothing stores (boutiques) have experienced tremendous growth in all cities in the United States of America and in most parts of the world. Your friends and relatives may all rave about the jam that you make and give as gifts. We are quite aware that there are several clothing stores all over Los Angeles and even in the same location where we intend locating ours, which is why we are following the due process of establishing a business. FEASIBILITY STUDY 1. Below are the sales projections that we were able to come up with for the first three years of operations; 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 the arrival of a competitor in same location as ours within the period stated above. We ensured that our facility is easy to locate and our outlet is well secured and equipped with the various payment options available in the U.S. Aside from having varieties and quality of the items in a convenience store, one of the easiest ways for players in this line of business to sell the items on their racks as fast as they can and keep re – stocking is to ensure that the prices of their items are a bit lower than what is obtainable in elsewhere. Feasibility Study Clothing Line business plan pdf: all business start-up needs a well detailed business plan which would serve as the guide map for the successful starting and running of such businesses. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams. Cities A city studies at the feasibility of closing a section of the city to traffic in order to stimulate economic activity in the area with pedestrian zones.They collect feedback from people who commute to the area, neighborhood residents and businesses. Clothing stores (boutiques) can be strictly designer based (i.e. General Info On Feasibility Study And Business Plans. Feasibility studies examine your market including potential facility users, competitors offering similar services, potential facility costs and revenues, and options for project development. Begin to assess the demand for your idea. Today we’re talking about How to Conduct A Feasibility Study, but first of all, I want to start with clarifying what a feasibility study is. The feasibility study is an evaluation and analysis of the potential of a proposed project. the feasibility of the business venture. The marketing aspect is very vital when carrying out a feasibility study on how to start fish farming business in Nigeria. This will detail the aim of the business and the set steep to achieve such business … Application and Obtaining Tax Payer’s ID: Application for business license and permit: Leasing of facility and remodeling the shop: Drafting of Contract Documents and other relevant Legal Documents: Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Purchase of the Needed furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV: Creating Official Website for the Company: Creating Awareness for the business both online and around the community: Health and Safety and Fire Safety Arrangement (License): Opening party / launching party planning: Compilation of our list of designers’ labels and fashion accessories that will be available in our clothing store: Establishing business relationship with vendors – wholesale suppliers of various brands of clothes and other fashion accessories that we intend retailing. It is a fact that economic downturn affects purchasing and spending power. leading the development and implementation of the overall organization’s strategy. We hired experts who have good understanding of the clothing store / retailing 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 Los Angeles – California. It is recommended that an extensive study for other aspects of the business feasibility is conducted and the execution of the marketing program developed accords to what really satisfies the market. Clothes Line Feasibility Studies 3. One of the reasons why clothing store (boutique) business will continue to thrive is the fact that people can’t do without putting on clothes. What is Feasibility Study?Feasibility study is an analysis of the viability of an idea. Conduct preliminary analyses. As a matter of fact, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand to the public. It makes sure the project is economically feasible so the business owner can be warned to pursue the project or not. It is based on extensive investigation and research to support the process of decision making. Log in, Boutique Business Plan in Nigeria – Feasibility Study Sample for Clothing Business. A feasibility study example is also known as a feasibility report example or a feasibility analysis example. Mary & Mack Clothing Store™, is a family business that is solely owned and financed by Mrs. Marry Hennessey – Crowder and family. Business Plan for Fashion Boutique 1.0 EXECUTIVE SUMMARY Overview Fashionista is an upscale women's clothing boutique that will open in October this year. In response to the ever growing demand for clothes and other fashion accessories, clothing store owners have opened additional stores thereby creating chains of stores across different cities. When it comes to selling items that are found in clothing stores, there is indeed a wide range of available customers. We know that one of the ways of gaining approval and winning customers over is to retail our clothes and other fashion accessories 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. Are you about starting a clothing store? One thing is common with clothing store business, the larger a clothing store (including varieties of quality clothes and fashion accessories at affordable prices), the larger the numbers of customers that will patronize them. In view of that, we have decided to hire qualified and competent hands to occupy the following positions; Our intention of starting just one outlet of our clothing store in Inglewood, Los Angeles – California is to test run the business for a period of 2 to 4 years to know if we will invest more money, expand the business and then open other chains of clothing stores all over California and perhaps also sell franchise through the United States of America and Canada. Mary & Mack Clothing Store™ is going to operate a standard and registered neighborhood clothing store that will retail a wide range of clothes and fashion accessories from both local manufacturers and international manufacturers just like any other registered and standard clothing stores in the United States and in any part of the world.