This furniture retail store business plan template has 30 pages and is a MS Word file type listed under our business plan kit documents.
Sample of our furniture retail store business plan template:
Confidentiality Agreement The undersigned reader acknowledges that the information provided by [YOUR COMPANY NAME] in this business plan is confidential; therefore, reader agrees not to disclose it without the express written permission of [YOUR COMPANY NAME]. It is acknowledged by reader that information to be furnished in this business plan is in all respects confidential in nature, other than information which is in the public domain through other means and that any disclosure or use of same by reader may cause serious harm or damage to [YOUR COMPANY NAME]. Upon request, this document is to be immediately returned to [YOUR COMPANY NAME]. ___________________ Signature ___________________ Name (typed or printed) ___________________ Date This is a business plan. It does not imply an offering of securities. 1.0 Executive Summary 1 Chart: Highlights 2 1.1 Objectives 2 1.2 Mission 2 1.3 Keys to Success 2 2.0 Company Summary 3 2.1 Company Ownership 3 2.2 Company History 3 Table: Past Performance 3 Chart: Past Performance 4 3.0 Products 5 4.0 Market Analysis Summary 5 4.1 Market Segmentation 5 Table: Market Analysis 6 Chart: Market Analysis (Pie) 6 4.2 Target Market Segment Strategy 7 4.3 Industry Analysis 7 4.3.1 Competition and Buying Patterns 7 5.0 Strategy and Implementation Summary 7 5.1 SWOT Analysis 7 5.1.1 Strengths 7 5.1.2 Weaknesses 8 5.1.3 Opportunities 8 5.1.4 Threats 8 5.2 Competitive Edge 8 5.3 Marketing Strategy 9 5.4 Sales Strategy 9 5.4.1 Sales Forecast 9 Table: Sales Forecast 9 Chart: Sales Monthly 10 Chart: Sales by Year 10 6.0 Management Summary 10 6.1 Personnel Plan 11 Table: Personnel 11 7.0 Financial Plan 11 7.1 Important Assumptions 11 7.2 Break-even Analysis 11 Table: Break-even Analysis 11 Chart: Break-even Analysis 12 7.3 Projected Profit and Loss 12 Table: Profit and Loss 12 Chart: Profit Monthly 13 Chart: Profit Yearly 14 Chart: Gross Margin Monthly 14 Chart: Gross Margin Yearly 15 7.4 Projected Cash Flow 15 Table: Cash Flow 15 Chart: Cash 16 7.5 Projected Balance Sheet 17 Table: Balance Sheet 17 7.6 Business Ratios 18 Table: Ratios 18 Table: Sales Forecast 1 Table: Personnel 2 Table: Profit and Loss 3 Table: Profit and Loss 3 Table: Cash Flow 4 Table: Cash Flow 5 Table: Balance Sheet 6 Table: Balance Sheet 7 1.0 Executive Summary Introduction: [YOUR COMPANY NAME] is based out of [YOUR CITY], Louisiana. The furniture store was created in 2006 by the owner and one of the current managing members [YOUR NAME]. At [YOUR COMPANY NAME] they understand your goal of having a warm and inviting home - not just a house. [YOUR COMPANY NAME] offers the highest quality furniture, a vast array of styles, and excellent value so that your goal can easily become a reality. The [YOUR COMPANY NAME] concept makes furnishing your home easier by offering an enjoyable one-stop shopping experience for all your home furniture and bedding needs. You'll leave [YOUR COMPANY NAME] with the confidence that you've purchased the very best merchandise from the industry's leading manufacturers, at the best price possible. The Market: The National Retail Federation released its 2010 economic forecast today, projecting retail industry sales (which exclude automobiles, gas stations, and restaurants) will increase 2.5 percent from last year. According to its bi-monthly Retail Sales Outlook, influential economic indicators such as the housing market and employment are beginning to show positive signs, which will bolster consumer confidence throughout the year. Total industry retail sales for 2009 declined 2.5 percent. NRF represents an industry with more than 1.6 million U.S. retail establishments, more than 24 million employees about one in five American workers and 2009 sales of $4.1 trillion. Financial Projections: The sales forecast for [YOUR COMPANY NAME] is based on the ability of new grant money. These figures are based on the increase in marketing and products that [YOUR COMPANY NAME] will gain with the additional grant investment of $523,000. Sales Forecast 2011 2012 2013 $701,450 $745,000 $800,000 Company Goals: Reach $1 million in sales by 2014 Hire 5 additional employees by end of 2011 Decrease cost of goods sold by 15% by 2014 Gain 30% additional market share in the Mid-City community. Chart: Highlights 1.1 Objectives The objectives of [YOUR COMPANY NAME] are: To create a shopping environment that caters to the apparel needs of the the local community. To concentrate efforts on several selected market sectors that have been researched and found promising. To earn 80% market share. To increase our sales revenue by 50% by 2013. 1.2 Mission Our mission is to provide affordable, high quality furniture. We are committed to our excellent customer service, integrity, and moral obligation to our community. 1.3 Keys to Success The keys to success in [YOUR COMPANY NAME] business are: Offering items of a high quality-value relationship which are not available everywhere. This is essential for maintaining the niche market sectors mentioned in the mission statement. Reliable and timely deliveries. [YOUR COMPANY NAME] must make good on its delivery promises. A reliable administration that is ready to serve customers, prepare accurate billing, follow-up on orders and other documentation, and maintain a close watch on expenses and collection of accounts receivable. 2.0 Company Summary Our Furniture Store has one of a kind living room, bedroom, dining room, and patio furniture. [YOUR COMPANY NAME] is committed to client-focused designs by defining luxury in home furnishings through stellar collections, award-winning designers and revolutionary retail concepts; creating a unique lifestyle shopping experience. [YOUR COMPANY NAME] was created in 2006 by the visionary [YOUR NAME]He developed the store with the idea that high quality furniture could be affordable for the average person. With this business model in mind [YOUR NAME]created a store that has seen immediate success and is on track to generate sales revenue over 1 million dollars by 2013. 2.1 Company Ownership [YOUR NAME]is the sole owner of this business since the inception in 2006. 2.2 Company History In 2006 [YOUR NAME]created [YOUR COMPANY NAME] to complete in a under served market. [YOUR NAME]saw a market of those who sought to purchase quality furniture, but could not find good furniture for an affordable price. With this business plan [YOUR NAME]created [YOUR COMPANY NAME]. Table: Past Performance Past Performance FY 2008 FY 2009 FY 2010 Sales $566,207 $622,827 $685,110 Gross Margin $297,944 $311,413 $342,555 Gross Margin % 52.62% 50.00% 50.00% Operating Expenses $255,713 $263,384 $271,285 Collection Period (days) 0 0 0 Inventory Turnover 1.13 1.26 1.23 Balance Sheet FY 2008 FY 2009 FY 2010 Current Assets Cash $11,767 $55,353 $94,917 Accounts Receivable $0 $0 $0 Inventory $238,000 $255,000 $300,000 Other Current Assets $35,686 $35,686 $30,000 Total Current Assets $285,453 $346,039 $424,917 Long-term Assets Long-term Assets $0 $0 $0 Accumulated Depreciation $0 $0 $0 Total Long-term Assets $0 $0 $0 Total Assets $285,453 $346,039 $424,917 Current Liabilities Accounts Payable $0 $0 $0 Current Borrowing $0 $0 $0 Other Current Liabilities (interest free) $0 $0 $0 Total Current Liabilities $0 $0 $0 Long-term Liabilities $130,100 $126,122 $119,125 Total Liabilities $130,100 $126,122 $119,125 Paid-in Capital $0 $0 $0 Retained Earnings $55,353 $94,917 $105,792 Earnings $100,000 $125,000 $200,000 Total Capital $155,353 $219,917 $305,792 Total Capital and Liabilities $285,453 $346,039 $424,917 Other Inputs Payment Days 60 60 60 Sales on Credit $498,125 $589,656 $642,154 Receivables Turnover 0.00 0.00 0.00
