Start-up Funding | |
Start-up Expenses to Fund | $24,642 |
Start-up Assets to Fund | $103,777 |
Total Funding Required | $128,419 |
Assets | |
Non-cash Assets from Start-up | $14,478 |
Cash Requirements from Start-up | $89,299 |
Additional Cash Raised | $0 |
Cash Balance on Starting Date | $89,299 |
Total Assets | $103,777 |
Liabilities and Capital | |
Liabilities | |
Current Borrowing | $0 |
Long-term Liabilities | $40,000 |
Accounts Payable (Outstanding Bills) | $0 |
Other Current Liabilities (interest-free) | $0 |
Total Liabilities | $40,000 |
Capital | |
Planned Investment | |
Martin Kribs | $75,265 |
Brent Palmer | $13,154 |
Other | $0 |
Additional Investment Requirement | $0 |
Total Planned Investment | $88,419 |
Loss at Start-up (Start-up Expenses) | ($24,642) |
Total Capital | $63,777 |
Total Capital and Liabilities | $103,777 |
Total Funding | $128,419 |
Our product is essentially made with two main components.
Trestle Creek Cabinets will be focusing on architects, owners, and contractors in the regional area who are involved in high-end residential, resort, and commercial development segments.
In 2000, a total of 219 new residential homes worth $168 million were constructed in the Teton County, WY. If we take an average of $40,000 per kitchen, (probably conservative), and multiply that by the 219 homes, that gives us a total of $8,760,000 in kitchens installed for the year. We plan to acquire 4-5% of the market share of this residential segment in our first year. We do not think this is unreachable, especially in a still growing market.
Teton County, Idaho has great potential as three new resort developments, Teton Springs Golf & Fishing Club, Grand Targhee Resort Expansion, and Teton Country Club, come on line.
The following table outlines to total market potential of the three major customer segments in the Teton County.
Trestle Creek Cabinets will be focusing on contacting contractors and architects that deal with the luxury home market. Making ourselves known to these entities will generate some strong leads, along with getting personal recommendations to the home owners.
There are plans to upgrade office space to a showroom in a high visibility location. This will give us exposure to new home builders that are looking for our product.
Market Analysis | |||||||
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |||
Potential Customers | Growth | CAGR | |||||
High-end residential | 3% | 5,260 | 5,418 | 5,581 | 5,748 | 5,920 | 3.00% |
Mid-range residential | 5% | 3,500 | 3,675 | 3,859 | 4,052 | 4,255 | 5.00% |
Commercial development | 7% | 10,000 | 10,700 | 11,449 | 12,250 | 13,108 | 7.00% |
Total | 5.55% | 18,760 | 19,793 | 20,889 | 22,050 | 23,283 | 5.55% |
There are two main types of cabinet suppliers in the industry.
Trestle Creek Cabinets can provide high volume work, superior project management, and excellent quality while maintaining a low overhead.
The high-end cabinet market understands the concept of service and support, and is more likely to pay for it when the offering is clearly stated.
There are many competitors in the local market. Although each of them deliver a quality product, we feel they fail to deliver a full turnkey package. There are four factors that govern the cost of all kitchen projects: Scope, Product, Design, and Services. Most people mistakenly think that the size of the project and the choice of brand name products will make for the best results. But it is the design and a company’s services that will have the greatest impact on the quality and value of the customers investment.
Teton County, Wyoming and Idaho are experiencing steady growth in the high-end residential markets and there is a general consensus of continued growth in the area. Taking part in this growth, while providing attention to the design development, ordering process, project management, and installation will put us on the road to success.
Our competitive edge is our ability to provide high volumes and flexibility in style, while maintaining a quality product backed by excellent service.
Our sales strategy is to make ourselves known through mailings, print advertising, and personal contact to architects and contractors who are primarily involved with the design/construction of commercial development and luxury homes.
Having a showroom will be a sales tool in itself. A showroom will give us exposure to the general public, new arrivals to the area, and construction professionals.
Sales Forecast | |||
Year 1 | Year 2 | Year 3 | |
Sales | |||
Cabinets | $442,000 | $1,000,000 | $1,500,000 |
Other | $0 | $0 | $0 |
Total Sales | $442,000 | $1,000,000 | $1,500,000 |
Direct Cost of Sales | Year 1 | Year 2 | Year 3 |
Cabinets | $301,600 | $725,000 | $1,087,500 |
Other | $0 | $0 | $0 |
Subtotal Direct Cost of Sales | $301,600 | $725,000 | $1,087,500 |
The accompanying table lists important program milestones, with dates and managers in charge, and budgets for each. The milestone schedule indicates our emphasis on planning for implementation.
Milestones | |||||
Milestone | Start Date | End Date | Budget | Manager | Department |
Business Plan | 1/15/2001 | 1/31/2001 | $2,000 | Brent & Marty | Marketing |
Online Research | 1/15/2001 | 1/19/2001 | $350 | Brent | Marketing |
Open Accounts with Suppliers | 1/15/2001 | 1/26/2001 | $350 | Brent | Web |
Door Research | 1/15/2001 | 1/26/2001 | $500 | Brent & Marty | Web |
Design Doors | 1/15/2001 | 1/26/2001 | $450 | Marty | Department |
Order Sample Doors | 1/22/2001 | 2/1/2001 | $1,000 | Marty | Department |
Design Sales Literature | 1/22/2001 | 1/31/2001 | $1,000 | Brent & Marty | Department |
Print Sales Literature | 2/1/2001 | 2/7/2001 | $300 | Brent | Department |
Make Industry Contacts | 1/15/2001 | 2/28/2001 | $1,000 | Marty & Brent | Department |
Showroom Feasability Study | 1/25/2001 | 1/31/2001 | $1,000 | Marty & Brent | Department |
Totals | $7,950 |
Martin Kribs, President, has 20 years of construction experience, from general contracting, construction management, and having his own cabinet business.
Brent Palmer, V. President, has three years of construction experience and spent the last six years in management within the hospitality industry.
As the company grows, we will take on an administration/showroom assistant.
This table shows salaries for the whole company. Salary increases are kept to a minimum to help the growth of the company. An administrative assistant will be hired later in the year.
Monthly details for this year can be found in the appendix.
Personnel Plan | |||
Year 1 | Year 2 | Year 3 | |
Martin Kribs | $24,000 | $38,000 | $45,000 |
Brent Palmer | $24,000 | $35,000 | $40,000 |
Carpenters | $18,000 | $60,000 | $85,000 |
Administration Assistant | $12,000 | $24,000 | $25,000 |
Total People | 4 | 6 | 7 |
Total Payroll | $78,000 | $157,000 | $195,000 |
Below are the initial financial goals for the company:
The financial plan for Trestle Creek Cabinets is outlined in the following sections.
The financial plan depends on important assumptions, most of which are shown in the following table as annual assumptions.
General Assumptions | |||
Year 1 | Year 2 | Year 3 | |
Plan Month | 1 | 2 | 3 |
Current Interest Rate | 10.00% | 10.00% | 10.00% |
Long-term Interest Rate | 10.00% | 10.00% | 10.00% |
Tax Rate | 16.25% | 15.00% | 16.25% |
Other | 0 | 0 | 0 |
As the business settles in and start-up/showroom costs are met, average monthly operating costs will increase and then stabilize. The average per unit price is for a 24″ base unit. This table shows we need to sell 16 units or 32 lineal feet of cabinets a month to break even.
Break-even Analysis | |
Monthly Revenue Break-even | $38,806 |
Assumptions: | |
Average Percent Variable Cost | 68% |
Estimated Monthly Fixed Cost | $12,327 |
Our projected profit and loss is shown in the following table.
Pro Forma Profit and Loss | |||
Year 1 | Year 2 | Year 3 | |
Sales | $442,000 | $1,000,000 | $1,500,000 |
Direct Cost of Sales | $301,600 | $725,000 | $1,087,500 |
Other | $0 | $0 | $0 |
Total Cost of Sales | $301,600 | $725,000 | $1,087,500 |
Gross Margin | $140,400 | $275,000 | $412,500 |
Gross Margin % | 31.76% | 27.50% | 27.50% |
Expenses | |||
Payroll | $78,000 | $157,000 | $195,000 |
Sales and Marketing and Other Expenses | $45,680 | $44,600 | $61,000 |
Depreciation | $0 | $0 | $0 |
Utilities | $3,000 | $4,000 | $5,000 |
Insurance | $1,140 | $1,300 | $1,500 |
Rent | $8,400 | $9,000 | $12,000 |
Payroll Taxes | $11,700 | $23,550 | $29,250 |
Other | $0 | $0 | $0 |
Total Operating Expenses | $147,920 | $239,450 | $303,750 |
Profit Before Interest and Taxes | ($7,520) | $35,550 | $108,750 |
EBITDA | ($7,520) | $35,550 | $108,750 |
Interest Expense | $4,000 | $3,336 | $1,937 |
Taxes Incurred | $0 | $4,832 | $17,357 |
Net Profit | ($11,520) | $27,382 | $89,456 |
Net Profit/Sales | -2.61% | 2.74% | 5.96% |
We do not expect to have major problems with cash flow as most of our contracts will require a 50% deposit upon signing.
Pro Forma Cash Flow | |||
Year 1 | Year 2 | Year 3 | |
Cash Received | |||
Cash from Operations | |||
Cash Sales | $110,500 | $250,000 | $375,000 |
Cash from Receivables | $281,813 | $687,272 | $1,068,792 |
Subtotal Cash from Operations | $392,313 | $937,272 | $1,443,792 |
Additional Cash Received | |||
Sales Tax, VAT, HST/GST Received | $0 | $0 | $0 |
New Current Borrowing | $0 | $0 | $0 |
New Other Liabilities (interest-free) | $0 | $0 | $0 |
New Long-term Liabilities | $0 | $0 | $0 |
Sales of Other Current Assets | $0 | $0 | $0 |
Sales of Long-term Assets | $0 | $0 | $0 |
New Investment Received | $0 | $0 | $0 |
Subtotal Cash Received | $392,313 | $937,272 | $1,443,792 |
Expenditures | Year 1 | Year 2 | Year 3 |
Expenditures from Operations | |||
Cash Spending | $78,000 | $157,000 | $195,000 |
Bill Payments | $349,852 | $774,249 | $1,182,673 |
Subtotal Spent on Operations | $427,852 | $931,249 | $1,377,673 |
Additional Cash Spent | |||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 |
Principal Repayment of Current Borrowing | $0 | $0 | $0 |
Other Liabilities Principal Repayment | $0 | $0 | $0 |
Long-term Liabilities Principal Repayment | $0 | $13,289 | $14,681 |
Purchase Other Current Assets | $0 | $0 | $0 |
Purchase Long-term Assets | $0 | $0 | $0 |
Dividends | $0 | $0 | $0 |
Subtotal Cash Spent | $427,852 | $944,538 | $1,392,354 |
Net Cash Flow | ($35,539) | ($7,266) | $51,438 |
Cash Balance | $53,759 | $46,494 | $97,932 |
The balance sheet shows a healthy growth of net worth and a strong financial position.
Pro Forma Balance Sheet | |||
Year 1 | Year 2 | Year 3 | |
Assets | |||
Current Assets | |||
Cash | $53,759 | $46,494 | $97,932 |
Accounts Receivable | $49,688 | $112,415 | $168,623 |
Other Current Assets | $14,478 | $14,478 | $14,478 |
Total Current Assets | $117,925 | $173,387 | $281,033 |
Long-term Assets | |||
Long-term Assets | $0 | $0 | $0 |
Accumulated Depreciation | $0 | $0 | $0 |
Total Long-term Assets | $0 | $0 | $0 |
Total Assets | $117,925 | $173,387 | $281,033 |
Liabilities and Capital | Year 1 | Year 2 | Year 3 |
Current Liabilities | |||
Accounts Payable | $25,668 | $67,037 | $99,908 |
Current Borrowing | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 |
Subtotal Current Liabilities | $25,668 | $67,037 | $99,908 |
Long-term Liabilities | $40,000 | $26,711 | $12,030 |
Total Liabilities | $65,668 | $93,748 | $111,938 |
Paid-in Capital | $88,419 | $88,419 | $88,419 |
Retained Earnings | ($24,642) | ($36,162) | ($8,780) |
Earnings | ($11,520) | $27,382 | $89,456 |
Total Capital | $52,257 | $79,639 | $169,095 |
Total Liabilities and Capital | $117,925 | $173,387 | $281,033 |
Net Worth | $52,257 | $79,639 | $169,095 |
The following table contains important ratios for the woodworking industry, as determined by the Standard Industry Classification (SIC) Code, #1751, .
Ratio Analysis | ||||
Year 1 | Year 2 | Year 3 | Industry Profile | |
Sales Growth | 0.00% | 126.24% | 50.00% | 7.90% |
Percent of Total Assets | ||||
Accounts Receivable | 42.13% | 64.83% | 60.00% | 35.00% |
Other Current Assets | 12.28% | 8.35% | 5.15% | 30.30% |
Total Current Assets | 100.00% | 100.00% | 100.00% | 71.50% |
Long-term Assets | 0.00% | 0.00% | 0.00% | 28.50% |
Total Assets | 100.00% | 100.00% | 100.00% | 100.00% |
Current Liabilities | 21.77% | 38.66% | 35.55% | 42.70% |
Long-term Liabilities | 33.92% | 15.41% | 4.28% | 14.30% |
Total Liabilities | 55.69% | 54.07% | 39.83% | 57.00% |
Net Worth | 44.31% | 45.93% | 60.17% | 43.00% |
Percent of Sales | ||||
Sales | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin | 31.76% | 27.50% | 27.50% | 31.60% |
Selling, General & Administrative Expenses | 34.37% | 24.76% | 21.45% | 16.70% |
Advertising Expenses | 1.27% | 0.80% | 1.00% | 0.50% |
Profit Before Interest and Taxes | -1.70% | 3.56% | 7.25% | 3.40% |
Main Ratios | ||||
Current | 4.59 | 2.59 | 2.81 | 1.64 |
Quick | 4.59 | 2.59 | 2.81 | 1.28 |
Total Debt to Total Assets | 55.69% | 54.07% | 39.83% | 57.00% |
Pre-tax Return on Net Worth | -22.04% | 40.45% | 63.17% | 7.50% |
Pre-tax Return on Assets | -9.77% | 18.58% | 38.01% | 17.40% |
Additional Ratios | Year 1 | Year 2 | Year 3 | |
Net Profit Margin | -2.61% | 2.74% | 5.96% | n.a |
Return on Equity | -22.04% | 34.38% | 52.90% | n.a |
Activity Ratios | ||||
Accounts Receivable Turnover | 6.67 | 6.67 | 6.67 | n.a |
Collection Days | 58 | 39 | 46 | n.a |
Accounts Payable Turnover | 14.63 | 12.17 | 12.17 | n.a |
Payment Days | 27 | 21 | 25 | n.a |
Total Asset Turnover | 3.75 | 5.77 | 5.34 | n.a |
Debt Ratios | ||||
Debt to Net Worth | 1.26 | 1.18 | 0.66 | n.a |
Current Liab. to Liab. | 0.39 | 0.72 | 0.89 | n.a |
Liquidity Ratios | ||||
Net Working Capital | $92,257 | $106,350 | $181,125 | n.a |
Interest Coverage | -1.88 | 10.66 | 56.14 | n.a |
Additional Ratios | ||||
Assets to Sales | 0.27 | 0.17 | 0.19 | n.a |
Current Debt/Total Assets | 22% | 39% | 36% | n.a |
Acid Test | 2.66 | 0.91 | 1.13 | n.a |
Sales/Net Worth | 8.46 | 12.56 | 8.87 | n.a |
Dividend Payout | 0.00 | 0.00 | 0.00 | n.a |
Sales Forecast | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Sales | |||||||||||||
Cabinets | 0% | $0 | $0 | $42,000 | $12,500 | $80,000 | $30,000 | $50,000 | $55,000 | $60,000 | $45,000 | $37,500 | $30,000 |
Other | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Sales | $0 | $0 | $42,000 | $12,500 | $80,000 | $30,000 | $50,000 | $55,000 | $60,000 | $45,000 | $37,500 | $30,000 | |
Direct Cost of Sales | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Cabinets | $0 | $0 | $0 | $9,000 | $57,600 | $21,000 | $36,000 | $41,500 | $48,000 | $36,000 | $30,000 | $22,500 | |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Direct Cost of Sales | $0 | $0 | $0 | $9,000 | $57,600 | $21,000 | $36,000 | $41,500 | $48,000 | $36,000 | $30,000 | $22,500 |
Personnel Plan | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Martin Kribs | 0% | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
Brent Palmer | 0% | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
Carpenters | 0% | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 |
Administration Assistant | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
Total People | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | |
Total Payroll | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 |
General Assumptions | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
Current Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
Long-term Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
Tax Rate | 30.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | |
Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Pro Forma Profit and Loss | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Sales | $0 | $0 | $42,000 | $12,500 | $80,000 | $30,000 | $50,000 | $55,000 | $60,000 | $45,000 | $37,500 | $30,000 | |
Direct Cost of Sales | $0 | $0 | $0 | $9,000 | $57,600 | $21,000 | $36,000 | $41,500 | $48,000 | $36,000 | $30,000 | $22,500 | |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Cost of Sales | $0 | $0 | $0 | $9,000 | $57,600 | $21,000 | $36,000 | $41,500 | $48,000 | $36,000 | $30,000 | $22,500 | |
Gross Margin | $0 | $0 | $42,000 | $3,500 | $22,400 | $9,000 | $14,000 | $13,500 | $12,000 | $9,000 | $7,500 | $7,500 | |
Gross Margin % | 0.00% | 0.00% | 100.00% | 28.00% | 28.00% | 30.00% | 28.00% | 24.55% | 20.00% | 20.00% | 20.00% | 25.00% | |
Expenses | |||||||||||||
Payroll | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | |
Sales and Marketing and Other Expenses | $1,150 | $1,150 | $21,646 | $1,800 | $5,184 | $1,550 | $5,150 | $2,150 | $1,550 | $1,400 | $1,400 | $1,550 | |
Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Utilities | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | |
Insurance | $95 | $95 | $95 | $95 | $95 | $95 | $95 | $95 | $95 | $95 | $95 | $95 | |
Rent | $700 | $700 | $700 | $700 | $700 | $700 | $700 | $700 | $700 | $700 | $700 | $700 | |
Payroll Taxes | 15% | $825 | $825 | $825 | $825 | $825 | $825 | $1,125 | $1,125 | $1,125 | $1,125 | $1,125 | $1,125 |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Operating Expenses | $8,520 | $8,520 | $29,016 | $9,170 | $12,554 | $8,920 | $14,820 | $11,820 | $11,220 | $11,070 | $11,070 | $11,220 | |
Profit Before Interest and Taxes | ($8,520) | ($8,520) | $12,984 | ($5,670) | $9,846 | $80 | ($820) | $1,680 | $780 | ($2,070) | ($3,570) | ($3,720) | |
EBITDA | ($8,520) | ($8,520) | $12,984 | ($5,670) | $9,846 | $80 | ($820) | $1,680 | $780 | ($2,070) | ($3,570) | ($3,720) | |
Interest Expense | $333 | $333 | $333 | $333 | $333 | $333 | $333 | $333 | $333 | $333 | $333 | $333 | |
Taxes Incurred | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Net Profit | ($8,853) | ($8,853) | $12,651 | ($6,003) | $9,513 | ($253) | ($1,153) | $1,347 | $447 | ($2,403) | ($3,903) | ($4,053) | |
Net Profit/Sales | 0.00% | 0.00% | 30.12% | -48.03% | 11.89% | -0.84% | -2.31% | 2.45% | 0.74% | -5.34% | -10.41% | -13.51% |
Pro Forma Cash Flow | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Cash Received | |||||||||||||
Cash from Operations | |||||||||||||
Cash Sales | $0 | $0 | $10,500 | $3,125 | $20,000 | $7,500 | $12,500 | $13,750 | $15,000 | $11,250 | $9,375 | $7,500 | |
Cash from Receivables | $0 | $0 | $0 | $1,050 | $30,763 | $11,063 | $58,750 | $23,000 | $37,625 | $41,375 | $44,625 | $33,563 | |
Subtotal Cash from Operations | $0 | $0 | $10,500 | $4,175 | $50,763 | $18,563 | $71,250 | $36,750 | $52,625 | $52,625 | $54,000 | $41,063 | |
Additional Cash Received | |||||||||||||
Sales Tax, VAT, HST/GST Received | 0.00% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
New Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Investment Received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Cash Received | $0 | $0 | $10,500 | $4,175 | $50,763 | $18,563 | $71,250 | $36,750 | $52,625 | $52,625 | $54,000 | $41,063 | |
Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Expenditures from Operations | |||||||||||||
Cash Spending | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | |
Bill Payments | $112 | $3,353 | $4,037 | $23,488 | $14,736 | $63,646 | $25,383 | $43,737 | $46,350 | $51,648 | $39,703 | $33,658 | |
Subtotal Spent on Operations | $5,612 | $8,853 | $9,537 | $28,988 | $20,236 | $69,146 | $32,883 | $51,237 | $53,850 | $59,148 | $47,203 | $41,158 | |
Additional Cash Spent | |||||||||||||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Principal Repayment of Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Long-term Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Purchase Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Purchase Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Cash Spent | $5,612 | $8,853 | $9,537 | $28,988 | $20,236 | $69,146 | $32,883 | $51,237 | $53,850 | $59,148 | $47,203 | $41,158 | |
Net Cash Flow | ($5,612) | ($8,853) | $963 | ($24,813) | $30,526 | ($50,584) | $38,367 | ($14,487) | ($1,225) | ($6,523) | $6,797 | ($96) | |
Cash Balance | $83,687 | $74,834 | $75,797 | $50,984 | $81,511 | $30,927 | $69,294 | $54,807 | $53,582 | $47,059 | $53,855 | $53,759 |
Pro Forma Balance Sheet | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Assets | Starting Balances | ||||||||||||
Current Assets | |||||||||||||
Cash | $89,299 | $83,687 | $74,834 | $75,797 | $50,984 | $81,511 | $30,927 | $69,294 | $54,807 | $53,582 | $47,059 | $53,855 | $53,759 |
Accounts Receivable | $0 | $0 | $0 | $31,500 | $39,825 | $69,063 | $80,500 | $59,250 | $77,500 | $84,875 | $77,250 | $60,750 | $49,688 |
Other Current Assets | $14,478 | $14,478 | $14,478 | $14,478 | $14,478 | $14,478 | $14,478 | $14,478 | $14,478 | $14,478 | $14,478 | $14,478 | $14,478 |
Total Current Assets | $103,777 | $98,165 | $89,312 | $121,775 | $105,287 | $165,051 | $125,905 | $143,022 | $146,785 | $152,935 | $138,787 | $129,083 | $117,925 |
Long-term Assets | |||||||||||||
Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Accumulated Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Assets | $103,777 | $98,165 | $89,312 | $121,775 | $105,287 | $165,051 | $125,905 | $143,022 | $146,785 | $152,935 | $138,787 | $129,083 | $117,925 |
Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Current Liabilities | |||||||||||||
Accounts Payable | $0 | $3,242 | $3,242 | $23,054 | $12,570 | $62,821 | $23,928 | $42,198 | $44,615 | $50,318 | $38,573 | $32,773 | $25,668 |
Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Subtotal Current Liabilities | $0 | $3,242 | $3,242 | $23,054 | $12,570 | $62,821 | $23,928 | $42,198 | $44,615 | $50,318 | $38,573 | $32,773 | $25,668 |
Long-term Liabilities | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 |
Total Liabilities | $40,000 | $43,242 | $43,242 | $63,054 | $52,570 | $102,821 | $63,928 | $82,198 | $84,615 | $90,318 | $78,573 | $72,773 | $65,668 |
Paid-in Capital | $88,419 | $88,419 | $88,419 | $88,419 | $88,419 | $88,419 | $88,419 | $88,419 | $88,419 | $88,419 | $88,419 | $88,419 | $88,419 |
Retained Earnings | ($24,642) | ($24,642) | ($24,642) | ($24,642) | ($24,642) | ($24,642) | ($24,642) | ($24,642) | ($24,642) | ($24,642) | ($24,642) | ($24,642) | ($24,642) |
Earnings | $0 | ($8,853) | ($17,707) | ($5,056) | ($11,059) | ($1,547) | ($1,800) | ($2,953) | ($1,607) | ($1,160) | ($3,563) | ($7,467) | ($11,520) |
Total Capital | $63,777 | $54,923 | $46,070 | $58,721 | $52,717 | $62,230 | $61,977 | $60,823 | $62,170 | $62,617 | $60,213 | $56,310 | $52,257 |
Total Liabilities and Capital | $103,777 | $98,165 | $89,312 | $121,775 | $105,287 | $165,051 | $125,905 | $143,022 | $146,785 | $152,935 | $138,787 | $129,083 | $117,925 |
Net Worth | $63,777 | $54,923 | $46,070 | $58,721 | $52,717 | $62,230 | $61,977 | $60,823 | $62,170 | $62,617 | $60,213 | $56,310 | $52,257 |
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Published May.08, 2023
Updated Apr.23, 2024
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Table of Content
Upholstery is an art form of transforming furniture into something beautiful and timeless. Starting a furniture upholstery business is a great way to tap into the potential of this industry. With the right business plan, you can succeed in this venture and make it a source of income for you.
This business plan outlines the necessary steps to get started, including an overview of the market, a competitive analysis, financial projections, and a marketing strategy. This business can be used as a Furniture Business Plan Template .
With this information, you will be well on your way to success!
Business overview.
Upholstery Solutions is an innovative upholstery company in North Carolina specializing in custom-made furniture and high-end restoration. We are dedicated to providing superior-quality upholstery to residential and commercial clients. We can provide our clients with the finest upholstery services by utilizing our experience, decades of knowledge, and excellent craftsmanship. Our mission is to ensure our customers are 100% satisfied with their upholstery needs.
We offer a wide range of services, including furniture upholstery, custom upholstery, furniture restoration, and fabric selection. Our upholstery services are available for both residential and commercial customers. We also offer a wide selection of fabrics and materials for our customers to choose from. We strive to provide our customers with the highest quality of service and ensure that the finished product meets their exact requirements.
We have an experienced and talented team of upholstery professionals dedicated to providing our customers with the highest quality of upholstery services. Our team is highly knowledgeable in both the craft and the art of upholstery and can help our customers choose the best fabrics and materials for their needs.
We are committed to providing superior customer service and ensuring our customers are completely satisfied with our services. We strive to provide our customers with the best quality of service and the highest level of customer satisfaction in the industry.
Licensing organization in the Furniture Upholstery industry:
Upholstery Solutions is a furniture upholstery business specializing in custom furniture upholstery services. We offer our clients a wide range of services, including furniture reupholstering, fabric selection, custom cushion design, and furniture repair. We create unique pieces of furniture that reflect the personality of each client.
Our products include:
Our furniture upholstery business, Upholstery Solutions, is dedicated to providing our customers with quality upholstery services and products. We understand that customers have unique needs, and we strive to provide them with the best possible experience. Our staff is highly trained and experienced professionals committed to delivering excellent customer service. We use only high-quality materials and the latest techniques to ensure that our customers receive the highest quality product. We offer competitive prices and a wide range of services to meet the needs of our customers. We are committed to providing a personalized experience to ensure our customer’s satisfaction with their purchases.
In the Woodworking Business Plan Example , our management team consists of experienced professionals passionate about upholstery design and customer service. Our team is led by our CEO, who has over 20 years of industry experience and a proven track record in developing successful upholstery businesses. Our team also includes a Creative Director, a Production Manager, and an Operations Manager, who are all highly skilled in the art of upholstery design and production. Together, our team is dedicated to providing our customers with the highest quality furniture upholstery services and products at competitive prices while ensuring customer satisfaction and loyalty.
The success of our furniture upholstery business will depend on several key factors. We will need to ensure that our products are of high quality, that we have a good understanding of the upholstery market and its trends, that we have access to the right suppliers of materials, and that we have a reliable customer service system. Additionally, we will need to create an effective marketing and advertising plan to ensure that our business stands out from the competition. Finally, we must have a strong team with the skills and knowledge necessary to make our business successful.
The company will initially be funded through a $50,000 loan from a bank, which will cover startup costs such as a new location, equipment, and materials. The company will also seek additional funding from private investors and from family members.
Who is upholstery solutions furniture upholstery, highly efficient service.
Highly Efficient Service! I am incredibly happy with the outcome; Alex and his team are highly efficient professionals with a diverse bank of knowledge.
Upholstery Solutions Furniture Upholstery is a professional upholstery service company in North Carolina. We specialize in providing custom, handcrafted upholstery services to our clients. Like Sewing Business Plan , our mission is to provide quality furniture upholstery services to our customers with the highest level of customer satisfaction.
We have an experienced team of upholstery professionals who have years of experience in the upholstery industry. Our team is highly trained in the latest upholstery techniques and technologies, and we are committed to providing our customers with the best possible service.
Our goal is to provide our clients with superior-quality upholstery services at competitive prices. We strive to provide our clients with the most up-to-date upholstery techniques and materials to ensure the best possible outcome. We understand that each customer has unique needs, and we strive to meet them with quality and satisfaction.
We offer various services, including furniture upholstery, upholstery repair, upholstery cleaning, and restoration. We also offer a variety of custom upholstery services, such as custom furniture upholstery, custom upholstery repair, and custom upholstery restoration.
To make our upholstery business profitable, we are committed to providing our clients with the highest level of customer service and satisfaction. We strive to ensure that our clients are satisfied with their projects from start to finish. We believe that our customers deserve the best, and we will do whatever we can to ensure that they receive it.
Upholstery Solutions Furniture Upholstery is a family-owned and operated business in North Carolina’s heart. We have provided quality upholstery services for residential and commercial customers since 1997.
In the early days, Upholstery Solutions primarily focused on custom upholstery services, focusing on making custom furniture pieces. Over the years, we have diversified our services to include a wide range of upholstery services, such as furniture refinishing, custom furniture design, and reupholstering.
Our customers continue to rely on us for our expertise in upholstery services and our commitment to providing excellent customer service. We strive to create a warm and welcoming atmosphere in our shop and take great pride in our craftsmanship.
The furniture upholstery industry is a highly fragmented industry, with small businesses focusing primarily on one region or local area. In 2018, the value of the upholstered furniture market in the United States amounted to approximately 16.7 billion U.S. dollars. This market was forecast to reach a value of over 20 billion U.S. dollars by 2023.
Source: https://www.statista.com/statistics/1080589/upholstered-furniture-market-size-us/ .
The furniture upholstery industry is highly dependent on consumer spending, as customers often purchase furniture upholstery services during significant life changes such as moving, redecorating, or purchasing new furniture. In addition, furniture upholstery services are often purchased as part of larger remodeling projects.
The furniture upholstery industry is highly competitive. A few large companies dominate the market, while small independent businesses compete with them by focusing on a narrow market segment or offering services of higher quality. As a result, the industry is characterized by low entry barriers and high competition levels.
The Furniture market in the United States is projected to grow by 3.95% (2023-2027), resulting in a market volume of US$295.10bn in 2027. This growth is expected to be driven by an increasing number of people moving into new homes and an increase in remodeling projects. Furthermore, the industry is expected to benefit from an increasing number of furniture stores offering upholstery services.
Source: https://www.statista.com/outlook/cmo/furniture/united-states
In order to remain competitive in this industry, it is important to focus on offering high-quality services, focusing on a specific target market, and marketing aggressively. It is also important to be able to distinguish oneself from competitors through superior customer service, innovative product offerings, and competitive pricing.
Demographic profile of target market.
The target market for starting an upholstery business is the local residential market. The target market comprises homeowners looking for new furniture or upholstery services for their existing furniture, similar to the Embroidery Business Plan . The demographic profile of this target market is as follows:
The demographic profile of this target market will be used to inform the business’s marketing strategy. For example, to write an upholstery shop business plan, marketing efforts can be tailored to appeal to the interests and needs of this target market. Additionally, the demographic profile will help inform the type of products and services the business offers.
Our customer segmentation for how to start an upholstery business will focus on three distinct groups:
The furniture upholstery and repair business is a highly competitive field. As such, a new business needs to understand the competitive environment to develop a successful upholstery business description and plan.
Direct Competitors
Indirect Competitors
The competitive advantage of our company lies in our unique approach to upholstery. We specialize in custom upholstery, which allows us to create unique pieces that cannot be found elsewhere. We also use the highest quality materials available, and our attention to detail sets us apart from our competitors.
Our team of experienced craftsmen can create and repair furniture quickly and efficiently, allowing us to offer competitive pricing. We also offer a wide selection of fabrics, allowing customers to choose from various colors, textures, and patterns. Finally, our commitment to customer service ensures that our customers are always satisfied with the outcome of their projects.
The marketing plan for the furniture upholstery business will use a mix of traditional and digital marketing techniques.
Traditional Marketing
We will utilize traditional marketing techniques to promote our business. These include:
Digital Marketing
We will also use digital marketing techniques to reach potential customers. These include:
We will use a combination of promotions and discounts to attract customers. These include:
Mark-up: Our furniture upholstery business will have a markup of 50% on all products. This will help us to cover our overhead costs and make a profit.
Labor: We will charge an hourly rate of $25 per hour plus labor materials.
Materials: We will purchase all materials from reputable vendors at competitive prices. We will also purchase in bulk to help reduce costs.
Shipping: We will add a flat fee of $10 per order for shipping and handling.
Discounts: We will offer a 5% discount for orders over $500 and a 10% discount for orders over $1000.
Payment: We will accept cash, credit card, and PayPal payments. We will also offer a 30-day payment plan for larger orders.
The operations plan is the core of our business plan, as it outlines how we will run the furniture upholstery business. This plan will include the functions of operations, including the organizational structure of our team, the production process and supply chain management, the product delivery process, and the financial and operational costs associated with this business.
Organizational Structure: We will establish a team of experienced professionals, including a manager and a team of upholsterers, to handle the business’s day-to-day operations.
Production Process: We will use the latest technology to ensure the highest quality of upholstery and the quickest turnaround times.
Supply Chain Management: We will use our network of suppliers to ensure the availability of the necessary materials and components for our business.
Product Delivery: We will use our own vehicles to deliver our products to customers and third-party services to deliver products to customers outside of our region.
Financial & Operational Costs: We will track our costs and expenses to ensure we are operating the business efficiently and that our costs are in line with our revenue.
3/15/202X – Develop and implement an organizational structure.
3/22/202X – Establish a supply chain network.
4/1/202X – Develop a production process.
4/8/202X – Finalize a delivery system.
4/15/202X –Track operational and financial costs.
4/22/202X – Launch the business.
The management team at Furniture Upholstery is comprised of experienced professionals from a variety of industries, united in delivering quality service and craftsmanship to our customers. Our team is focused on providing an outstanding customer experience and creating a workplace that encourages collaboration and innovation.
We estimate our upholstery business start-up costs to be approximately $20,000. This includes the cost of our equipment, furniture, materials, and supplies. We also expect our monthly operating costs to be approximately $8,000. This includes rent, utilities, insurance, wages, and other overhead expenses.
Key Revenue
Funding Requirements
We require $20,000 in startup capital for running an upholstery business to cover the cost of our equipment, furniture, materials, and supplies.
Use of Funds
The funds will be used to purchase the necessary equipment, furniture, materials, and supplies needed to launch our business. The funds will also cover rent, utilities, insurance, wages, and other overhead expenses. Any remaining funds will be used for advertising and marketing costs.
Market growth: The furniture upholstery industry is estimated to grow 6.5% annually over the next 5 years.
Customers: The furniture upholstery business plan assumes a base of 1,000 customers in year 1, increasing to 1,200 in year 5.
Revenue: Revenues are projected to grow from $500,000 in Year 1 to $800,000 in Year 5.
Operating Expenses: Operating expenses are projected to grow from $300,000 in Year 1 to $500,000 in Year 5.
Profitability: The furniture upholstery business plan projects a profit margin of 25% in Year 1 and 30% in Year 5.
Investment: The furniture upholstery business plan assumes an investment of $150,000 in Year 1 and $200,000 in Year 5.
Employees: The furniture upholstery business plan estimates the number of employees to be 10 in Year 1, growing to 15 in Year 5.
Income statement.
All tables in Furniture Upholstery Business Plan PDF .
Is upholstery profitable?
Upholstery can be a profitable business, depending on the type of upholstery services you offer and how you market and manage your business. Many successful upholstery businesses specialize in creating custom pieces or restoring antique furniture. Others focus on producing furniture and other items for commercial clients. With a combination of the right skills, marketing efforts, and business management, upholstery can be a lucrative business.
What type of industry is upholstery?
Upholstery is a trade and craft industry that involves the repairing and refurbishment of furniture, as well as the creation of new furniture using fabrics, leather, and other materials.
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Written by Dave Lavinsky
Furniture Store Business Plan Outline
Start Your Furniture Store Plan Here
The operations plan for Modern Mode Furniture Store is as follows.
Operation Functions:
Modern Mode Furniture Store will have the following milestones complete in the next six months.
6/1/202X – Finalize lease agreement for 4,000 square foot furniture store location.
6/15/202X – Begin build out of leased space.
6/30/201X – Finalize agreements with furniture distributors to schedule their upcoming product deliveries to the store.
7/1/202X – Richard will meet with the chosen advertising agency to hire them to begin brand image, logo design, website, and social media platforms.
8/1/202X – Final walk through and approval of built out furniture store.
8/15/202X – First shipment of inventory arrives
8/16/202X – Hire employees and begin training
8/18/202X – Stocking and display of product inventory in anticipation of the Grand Opening
9/1/202X – Grand Opening of Modern Mode Furniture Store
By: Author Tony Martins Ajaero
Home » Business Plans » Arts & Craft Sector
Are you about starting a furniture manufacturing company ? If YES, here’s a complete sample furniture manufacturing business plan template & feasibility report you can use for FREE to raise money.
The furniture manufacturing industry is indeed a lucrative one. However, it is such that requires plenty of capital to start. This type of business needs loads of manpower as well as capital to run. This is essentially because it requires that furniture in produced and you will agree with me that this will include lots of processes. From sourcing for the raw materials to preparing the materials and what have you.
1. industry overview.
It is an established fact that furniture is a major part of our lives cum facilities; there is hardly any facility that you will come across that you won’t find a piece of furniture in it. This goes to show that the furniture manufacturing industry is indeed an important sector of the economy of any country.
Businesses in this industry mainly manufacture or make household (living room, dining room and bedroom furniture, upholstered, coffee tables, sofa tables, end tables, sofas, love seats, chairs, bookshelves, ottomans, display cabinets, consoles and TV stands and otherwise), outdoor and office furniture (Desks and home office goods, lamps, recliners, rugs and outdoor furniture make up the rest of sales).
The Furniture Manufacturing industry is indeed a major sector of the economy of the united states of America which generates a whopping sum of well over billion annually from more than 3,533furniture manufacturing companies scattered all around the United States of America. The industry is responsible for the employment of well over 105,640 people.
Experts project the furniture manufacturing industry to grow at a 2.0 percent annual rate. The establishment in this industry that has a dominant market share in the United States of America are; Ashley Furniture Industries, Inc., Herman Miller, HNI Corporation and Steel Case.
Research carried out by IBISWORLD clearly stated that proximity to downstream markets is an important competitive factor in this industry, since it enables furniture manufacturers to increase the speed of delivery and reduce transportation costs.
The regions in the United States that accounts for the largest number of furniture manufacturing companies also have the largest populations. With 25.8 percent of the industry establishments and more than a quarter of the US population, the Southeast region of the United States houses the largest number of industry facilities.
Little wonder this region also accounts for the highest number of furniture wholesalers and retailers, making it an ideal location for household furniture manufacturers that want to be in close proximity to downstream buyers.
Over and above, the furniture manufacturing industry is a profitable industry and it is open to any aspiring entrepreneur to come in and establish his or her business; you can chose to start on a small scale in small furniture making workshop or you can chose to start on a large scale with a standard furniture making workshop and several outlets in key cities through the United States of America and Canada.
Bill The Carpenter™ Furniture, Inc. is a standard and registered furniture manufacturing that will be located in Sharonville – Ohio; in an ideal location highly suitable for the kind of business we want to establish. We have been able to lease a facility that is big enough (a 20 thousand square foot facility) to fit into the design of the kind of standard furniture manufacturing company that we intend launching.
Bill The Carpenter™ Furniture, Inc. will manufacture a wide range of household furniture (living room, dining room and bedroom furniture, upholstered, coffee tables, sofa tables, end tables, sofas, love seats, chairs, bookshelves, ottomans, display cabinets, consoles and TV stands and otherwise), outdoor and office furniture (Desks and home office goods, lamps, recliners, rugs and outdoor furniture).
We are set to services a wide range of clientele in and around Sharonville – Ohio. We are aware that there are several large and small furniture manufacturing companies all around Ohio, 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.
Bill The Carpenter™ Furniture, Inc. will ensure that all our customers are given first class treatment whenever they visit our furniture manufacturing workshop. 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 customers’ base may grow to.
Bill The Carpenter™ Furniture, Inc. will at all times demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible.
We will ensure that we hold ourselves accountable to the highest standards by meeting our customers’ needs precisely and completely whenever they patronize our products. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our customers.
Bill The Carpenter™ Furniture, Inc. is a family business that is owned by Bill Moore and his immediate family members. Bill Moore has a Diploma in Furniture Making and a B.Sc. in Business Administration, with well over 15 years of experience in the furniture industry, working for some of the leading brand in the United States.
Bill The Carpenter™ Furniture, Inc. is in the furniture manufacturing industry to manufacture both home and office furniture; to service a wide range of clients and of course to make profits, which is why we will ensure we go all the way to give our clients and potential clients options.
We will do all that is permitted by the law of the United States to achieve our business goal, aim and ambition of starting the business. Our product offerings are listed below;
Our Business Structure
Bill The Carpenter™ Furniture, Inc. do not intend to start a furniture manufacturing business like the usual carpenter shops around the street corner; our intention of starting a furniture manufacturing company is to build a standard and one stop furniture manufacturing company in Sharonville – Ohio.
Although our furniture manufacturing company might not be as big as Ashley Furniture Industries, Inc., Herman Miller, HNI Corporation and Steel Case et al, but we will ensure that we put the right structure in place that will support the kind of growth that we have in mind while setting up the business.
We will ensure that we 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 stakeholders (the owners, workforce, and customers).
As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of ten years or more. In view of that, we have decided to hire qualified and competent hands to occupy the following positions;
Merchandize Manager
Sales and Marketing Manager
Chief Executive Officer – CEO:
Admin and HR Manager
Workshop Manager:
Carpenters and Furniture Making Experts
Accountant / Cashier:
Client Service Executive
Bill The Carpenter™ Furniture, Inc. is in business to become one of the leading office and household furniture manufacturing companies in the whole of Sharonville – Ohio and we are fully aware that it will take the right business concept, management and organization – structure to achieve our goal.
We are quite aware that there are several furniture manufacturing companies all over Sharonville – Ohio and even in the same location where we intend locating ours, which is why we are following the due process of establishing a business.
We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be welled equipped to confront our threats.
Bill The Carpenter™ Furniture, Inc. employed the services of an expert HR and Business Analyst with bias in manufacturing to help us conduct a thorough SWOT analysis and to help us create a Business model that will help us achieve our business goals and objectives. This is the summary of the SWOT analysis that was conducted for Bill The Carpenter™ Furniture, Inc.;
Our core strength lies in the high quality of our finished furniture, the power of our team and the state of the art and well – equipped furniture making factory that we own. We have a team of highly trained and experienced carpenters and support staff members that can go all the way to produce top notch office and household furniture.
We are well positioned in the heart of Sharonville – Ohio and we know we will attract loads of clients from the first day we open our furniture manufacturing company for business.
A major weakness that may count against us is the fact that we are a new furniture manufacturing company and we don’t have the financial capacity to compete with multi – billion dollars furniture manufacturing companies such as Ashley Furniture Industries, Inc., Herman Miller, HNI Corporation and Steel Case et al when it comes to manufacturing furniture at a rock bottom prices.
So also, we may not have enough cash reserve to promote our furniture manufacturing company the way we would want to do.
The fact that we are going to operate our furniture manufacturing company in one of Sharonville – Ohio provides us with unlimited opportunities to sell our furniture to a large number of individuals and corporate organizations.
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 furniture manufacturing workshop; we are well positioned to take on the opportunities that will come our way.
Just like any other business, one of the major threats that we are likely going to be faced with is economic downturn. It is a fact that economic downturn affects purchasing / spending power. Another threat that may likely confront us is the arrival of a new furniture manufacturing company in same location where ours is located. So also, unfavorable government policies may also pose a threat for businesses such as ours.
If you are conversant with the Furniture Manufacturing Industry, you will quite agree that the changes in disposable income, consumer sentiment, ever changing trends and of course the rate of homeownership is major growth drivers for this industry.
No doubt, a massive rise in consumer confidence has also contributed in helping the industry experience remarkable growth, but uneven performance in these drivers has led to slightly constrained revenue growth for the Furniture Manufacturing industry.
So also, the rising demand for both home and office furniture, as a result of increasing disposable income and consumer sentiment, will result in revenue growth, but profit margins will stagnate as furniture stores keep prices low to attract more sales amid growing competition.
A close watch on the industry activities reveals that, the Retail Market for Home Furniture and Bedding was hit hard by the recent economic downturn and experienced a decline in revenue in recent time.
Lastly, in recent time, the furniture manufacturing landscape has seen tremendous changes in the last 20 years; it has grown from the smaller carpenter workshop to a more organized and far reaching massive furniture making factory. This trend has benefited them in such a way that they can comfortably sell their furniture nationally and also export them to other countries of the world.
Perhaps it will be safe to submit that the furniture manufacturing industry has the widest range of customers; almost everybody on planet earth has one or more things that they would need in their houses or offices from a furniture retail store. It is difficult to find households and office facilities without one form of furniture or the other.
In view of that, we have positioned our furniture manufacturing company to service the residence of Sharonville – Ohio and every other location where showroom cum outlets will be located all over key cities in the United States of America and Canada.
We have conducted our market research and feasibility studies and we have ideas of what our target market would be expecting from us. We are in business to manufacture a wide range of furniture to the following groups of people and corporate organizations;
Our Competitive Advantage
A close study of the furniture manufacturing industry reveals that the market has become much more intensely competitive over the last decade. As a matter of fact, you have to be highly creative, customer centric and proactive if you must survive in this industry.
We are aware of the stiffer competition and we are well prepared to compete favorably with other leading furniture manufacturing companies in Sharonville – Ohio and throughout the United States and Canada. Bill The Carpenter™ Furniture, Inc. is launching a standard furniture manufacturing company that will indeed become the preferred choice of residence of Sharonville – Ohio and every other location where our showrooms and outlets will be opened.
Our furniture manufacturing company is located in an ideal property highly suitable for the kind of manufacturing company that we want to run. We have enough parking space that can accommodate well over 30 cars / trucks per time.
One thing is certain; we will ensure that we manufacture a wide range of furniture products in our furniture manufacturing workshop at all times. It will be difficult for customers to visit our furniture showroom and not see the type of furniture that they are looking for.
One of our business goals is to make Bill The Carpenter™ Furniture, Inc. a one-stop furniture manufacturing company for both household and corporate organizations. Our excellent customer service culture, online store, various payment options and highly secured facility will serve as a competitive advantage for us.
Lastly, our employees will be well taken care of, and their welfare package will be amongst the best within our category ( startups furniture manufacturing companies ) in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.
We will also give good working conditions and commissions to freelance sales agents that we will recruit from time to time.
Bill The Carpenter™ Furniture, Inc. is in business to manufacture and retail a wide range of furniture to the residence of Sharonville – Ohio. We are in the furniture manufacturing industry to
One thing is certain when it comes to furniture manufacturing business, if you are into the manufacturing or various types of both home and office furniture and even outdoor furniture, you will always attract customers cum sales and that will sure translate to increase in revenue generation for the business.
We are well positioned to take on the available market in Sharonville – Ohio 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.
We have been able to critically examine the furniture manufacturing industry and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to startups in Sharonville – Ohio.
Below is the sales projection for Bill The Carpenter™ Furniture, Inc., it is based on the location of our business and other factors as it relates to furniture 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 manufacturing or retailing same furniture products and customer care services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.
Before choosing a location for Bill The Carpenter™ Furniture, Inc., we conducted a thorough market survey and feasibility studies in order for us to be able to be able to penetrate the available market and become the preferred choice for residence of Sharonville – Ohio.
We have detailed information and data that we were able to utilize to structure our business to attract the numbers of customers we want to attract per time.
We hired experts who have good understanding of the furniture manufacturing 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 Sharonville – Ohio.
In order to continue to be in business and grow, we must continue to manufacture and sell the furniture that is available in our showrooms which is why we will go all out to empower our sales and marketing team to deliver. In summary, Bill The Carpenter™ Furniture, Inc. will adopt the following sales and marketing approach to win customers over;
Despite the fact that our furniture manufacturing company and showroom is well located, we will still go ahead to intensify publicity for the business. We are going to explore all available means to promote our furniture manufacturing company.
Bill The Carpenter™ Furniture, Inc. has a long term plan of opening our showrooms in various locations all around Sharonville – Ohio and key cities in the United States and Canada which is why we will deliberately build our brand to be well accepted in Sharonville – Ohio before venturing out.
As a matter of fact, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand. Here are the platforms we intend leveraging on to promote and advertise Bill The Carpenter™ Furniture, Inc.;
Aside from quality, pricing is one of the key factors that gives leverage to furniture manufacturing companies, it is normal for consumers to go to places (furniture manufacturing companies and showrooms) where they can get home and office furniture at cheaper price which is why big player in the furniture stores industry like Ashley Furniture Industries, Inc., Herman Miller, HNI Corporation and Steel Case and co will always attract loads of corporate and individual clients.
We know we don’t have the capacity to compete with Ashley Furniture Industries, Inc., Herman Miller, HNI Corporation and Steel Case et al, but we will ensure that the prices and quality of all the furniture products that we manufacture and are available in our showroom are competitive with what is obtainable amongst furniture stores within our level.
At Bill The Carpenter™ Furniture, Inc., Our payment policy is all inclusive because we are quite aware that different people prefer different payment options as it suits them. Here are the payment options that will be available in every of our outlets;
In view of the above, we have chosen banking platforms that will help us achieve our payment plans without any itches. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for furniture purchased.
In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting / leasing a big facility, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.
This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.
As for the detailed cost analysis for starting a furniture manufacturing business; it might differ in other countries due to the value of their money. This is the key areas where we will spend our start – up capital on;
We would need an estimate of $950,000 to successfully set up our furniture retail store in Sharonville – Ohio. Please note that this amount includes the salaries of all the staff for the first month of operation.
Generating Funding / Startup Capital for Bill The Carpenter™ Furniture, Inc.
Bill The Carpenter™ Furniture, Inc. is a private business that is solely owned and financed by Bill Moore and his immediate family members. We do not intend to welcome any external business partner, which is why he has decided to restrict the sourcing of the start – up capital to 3 major sources.
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 $700,000 from our bank. All the papers and document have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.
The future of a business lies in the number of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.
One of our major goals of starting Bill The Carpenter™ Furniture, Inc. is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.
We know that one of the ways of gaining approval and winning customers over is to manufacture durable and quality furniture and to retail our wide range of quality home and office furniture 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.
Bill The Carpenter™ Furniture, Inc. will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare is well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner.
As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of six years or more. 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.
Check List / Milestone
The shortest way would be to go from Vladikavkaz to Georgia through South Ossetia. But as you know, according to the law on occupied territories, adopted by President Saakashvili government after Russia-Georgia war of 2008, if a person enters Abkhazia or South Ossetia without formal permission from Georgian authorities he/she will be fined for, at least, USD1,200 or imprisonment up to 4 years period. There were multiple cases when people, mostly tourists, visiting Abkhazia or South Ossetia and when afterwards they arrived to Georgia proper, they were detained and sometimes jailed in Georgia.
I would not recommend driving this route unless you have well placed friends traveling with you or plenty of money for bribes.
There are surely buses taking this route routinely. Road might be subject to winter closures. One of the most facinating journeys you may take - the scenery is stunning!
Before you offer your expert opinion regarding anything, please make sure that you know the actual facts. Special permits for the citizens of Georgian are required from the Russian government, not from the Georgian. Russians and other nationalities boarding Georgia enter the country without any permits. The Georgians must have invitations from Russian citizens, then pay 60$ for entry visa permit and wait at least for 5 days to get that permit. Saakashvili was a bad man and harmed his own country badly, but visa regulations on Russian-Georgian border is not his invention.
Dear datukashvili, I'm afreid you are trying to add a splash of politics to travel forum. Indeed, there are visas required currently by Russia from Georgian citizens, and many other nationals. Well, this is a fact. No visas usually lead to easier travel, but here we have foreigners asking specific questions than we are trying to answer. Best regards to you, and fantastic Tbilisi!
But there are still not many information. I wonder if I can find a Marshrutkas/Buses from Tbilisi to Vladikavkas, do I need to apply for a permission to cross through the South Ossetia?(I have a passport which has free visa to Georgia and another passport with free visa to Russia) And, is there also easy to find Marshrutkas/Buses from Vladikavkas to Grozny?
Thank you for the information!!
The capital city of North Ossetia republic: Vladikavkaz .
The Republic of North Ossetia - Alania is a federal subject of Russia located on the northern slope of the Greater Caucasus, part of the North Caucasian Federal District. Vladikavkaz is the capital city of the region.
The population of the North Ossetia - Alania Republic is about 688,100 (2022), the area - 7,987 sq. km.
North ossetia republic coat of arms.
North ossetia republic map, russia, north ossetia republic latest news and posts from our blog:.
13 April, 2021 / Mountain Landscapes of the Republic of North Ossetia - Alania .
6 October, 2020 / The City of the Dead in Dargavs .
26 June, 2018 / Beauty of Mountainous Digoria in North Ossetia .
28 May, 2016 / Stunning nature of the Caucasus - climbing Stolovaya Mountain .
From the first millennium BC, Koban culture was spread on the territory of present North Ossetia. It was named after the village of Koban located in Tagaur canyon, where ancient archaeological monuments were found. Since the 7th century BC, the Scythian tribes began to settle in the Central Caucasus.
Koban population assimilated among the Scythians and then the Sarmatians, some of whom switched to a settled agricultural economy. By the 2nd century AD, the Sarmatians of South-Eastern Europe and Central Asia united under a new name - the Alans. Like the Scythians, the Alans used Derbent pass and the passes of the Greater Caucasus for their raids.
In 372, the nomadic tribes of the Huns invaded Europe from Central Asia. This invasion was the reason of migration of the Alans to the most inaccessible mountain areas on both slopes of the Greater Caucasus mountain range. In the 6th-7th centuries, Alania was again a relatively powerful state with a dense network of well-fortified settlements, developed agriculture, trade and crafts. At the beginning of the 10th century, Orthodoxy became the state religion in Alania.
In the 12th century, Alania experienced the feudal period and was divided into principalities fighting against each other. They were unable to unite against the Mongols who invaded the region in the 13th century. In 1222, the Mongolian army defeated the Alanian army. In January 1239, after a three-month siege, the Alanian capital of Magas was captured. The Mongols ravaged the plain part of the country, but the resistance continued in the mountain areas.
More Historical Facts…
The final blow in a series of tragic events of the 13th-14th centuries was the invasion of the troops of Tamerlane in 1395. Almost all of the Alans were killed, the state of the Alans collapsed. The survivors took refuge in the mountains where they mingled with the local population of other language group and later became known as the Ossetians.
In the 15th-17th centuries, the Ossetians fought for survival in extremely cramped conditions of the mountains (the plain was occupied by Adygeyan tribes). In the 18th century, the Ossetians were in need for resettlement on the plane because of the extreme shortage of land. Ossetia was also important for Russia, as the region that controlled the strategic passes in the Caucasus.
In 1774, the territory of North Ossetia was among the first regions in the North Caucasus, which joined the Russian Empire. Vladikavkaz, founded in 1784, became the first Russian fortress in the area. In the 19th century, the Ossetians migrated from the mountains to the plains and outskirts of Mozdok.
In Soviet times, Ossetia was divided into two parts. The part north of the Caucasian ridge came under the jurisdiction of the RSFSR (present Russian Federation), the part to the south came under control of the Georgian SSR. In 1921, Ossetia became part of Gorskaya Soviet Republic. It received the status of an autonomous oblast in 1924. In 1936, it was reformed into North Ossetian Soviet Socialist Republic.
During the Second World War, fierce battles took place on the territory of the republic, the northern and western parts of North Ossetia were occupied by the Germans. In November, 1942, the German advance was stopped near Ordzhonikidze (Vladikavkaz). About 85,000 people were drafted into the Soviet Army in the republic and almost 45,000 of them were killed.
During the war, the territory inhabited by the Ingush, who were deported for “collaboration” with the Germans, was joined to North Ossetia. Empty villages were inhabited by the Ossetians from North Ossetia, the South Ossetian Autonomous District and inner districts of the Georgian SSR.
The Ingush, who returned home in the 1950s, were given back part of their former territory. Instead of Prigorodny district, which then belonged to North Ossetia, they received the land taken from Stavropol krai. But the Ingush demanded that the eastern part of Prigorodny district should be returned to them. In 1992, an armed conflict broke out because of territorial disputes.
In 1993, the region received a new name - the Republic of North Ossetia. In January 1995, it received its present name - the Republic of North Ossetia - Alania.
In the 1990s and in the early 21st century, several major terrorist attacks occurred on the territory of the republic related to the wars in Chechnya including the taking of hostages in the school #1 in Beslan in 2004. This terrorist act led to serious political consequences not only for the republic but also for Russia in general (the system of election of regional governors was abolished).
The territory of the Republic of North Ossetia - Alania stretches from north to south for 120 km, from west to east - 125 km. The highest peak is Mount Kazbek (5,033 meters). The Terek is the main river.
It is one of the most densely populated Russian regions. About half of the population lives in Vladikavkaz. The largest cities and towns are Vladikavkaz (298,800), Mozdok (41,000), Beslan (37,300), Alagir (19,400), Ardon (19,200). The national composition according to the 2010 census: Ossetians (64.5%), Russians (20.6%), Ingush (4.0%), Armenians (2.3%), Kumyks (2.3%), Georgians (1.3%).
The climate is moderately continental in the central part and foothills. The average temperature in January is about minus 3.2 degrees Celsius, in July - plus 20.4 degrees Celsius. The natural resources of the region include complex ores containing zinc, lead, copper, silver, dolomites, mineral water springs. Also there are several oil deposits. Forests cover about 22% of the territory.
The main industries of the republic are non-ferrous metallurgy, machine-building, mining (non-ferrous ores, construction materials), electronics, light, glass, food. Several large plants producing spirits are located in Vladikavkaz and Beslan.
Two main highways (Georgian Military Road and Transkam) pass through the territory of North Ossetia connecting Russia with the South Caucasus countries and the Middle East.
Since the middle of the 19th century, Ossetia was positioned as one of the tourist centers in the North Caucasus. The Soviet period was the next milestone in the development of a recreational complex of the republic. By the early 1990s, spa treatment and tourist-excursion services became an important part of the local economy.
Today, North Ossetia may serve as a basis for the creation of a large health resort agglomeration, comparable to well-known Sochi-Matsesta and the Caucasian Mineral Waters regions.
The geographical location of the republic allows to organize year-round ski resorts. In addition to traditional forms of recreation, there is great potential for the development of extreme forms of recreation, agricultural and ecological tourism. North Ossetian State Nature Reserve is located in the upper reaches of the Tsey, Ardon and Fiagdon rivers.
The rich historical heritage of North Ossetia is of great value. The republic has more than 1,500 historical and cultural monuments. Vladikavkaz trams are one of the oldest tram systems in Russia (1904).
The beauty of the mountainous north ossetia - alania.
Mountain valley in North Ossetia
Author: Dmitry Zhmakin
The North Ossetia Republic scenery
Author: Ivan Diakonenko
Skiing in the North Ossetia Republic
Author: Yegorin Sergey
Horses in the Republic of North Ossetia - Alania
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The Plan. Our furniture store business plan is structured to cover all essential aspects needed for a comprehensive strategy. It outlines the shop's operations, marketing strategy, market environment, competitors, management team, and financial forecasts. Executive Summary: Offers an overview of your furniture shop's business concept ...
At manufacturer's prices the market is estimated at $30.7 billion. The report says that "over the last two decades household furniture purchases increased significantly from $29.3 billion to $78.5 billion, or 168%. In other words, sales increased at an average annual pace of approximately 5.5% over the period.".
Traditionally, a marketing plan includes the four P's: Product, Price, Place, and Promotion. For a furniture store business plan, your marketing plan should include the following: Product: in the product section you should reiterate the type of furniture store that you documented in your Company Analysis.
It serves as a roadmap, outlining your business objectives, market analysis, and operational strategies. To jumpstart your planning process with ease and precision, you can utilize our furniture retail business plan template. Our team is also available to provide a free review and offer feedback on your completed plan.
Furniture Company Prepared By John Doe (650) 359-3153 10200 Bolsa Ave, Westminster, CA, 92683 [email protected] https://example.com Business Plan [YEAR] Crafted by highly specialized workers Information provided in this business plan is unique to this business and confidential; therefore,
The Furniture Store industry in the United States, currently valued at over $100 billion, is experiencing steady growth due to consumers' increasing interest in enhancing their living spaces. A notable trend is the shift towards online furniture shopping, providing convenience and broader selection for consumers.
The last component of a furniture store business plan is an in-depth financial plan. The financial plan crafts a detailed map of all the expenses needed for the startup and how these expenses will be met by the earned profits. It is. The financial plan of Interio is very simple and conservative.
Starting a furniture store business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.. 1. Develop A Furniture Store Business Plan - The first step in starting a business is to create a detailed furniture store business plan that outlines all aspects of the venture.
Follow these tips to quickly develop a working business plan from this sample. 1. Don't worry about finding an exact match. We have over 550 sample business plan templates. So, make sure the plan is a close match, but don't get hung up on the details. Your business is unique and will differ from any example or template you come across.
If you are planning to start a new furniture store, the first thing you will need is a business plan. Use our sample business plan created using upmetrics business plan software to start writing your business plan in no time.. Before you start writing your business plan for your new furniture store business, spend as much time as you can reading through some examples of retail and online store ...
7.2 Break-even Analysis. As the business settles in and start-up/showroom costs are met, average monthly operating costs will increase and then stabilize. The average per unit price is for a 24″ base unit. This table shows we need to sell 16 units or 32 lineal feet of cabinets a month to break even.
Financial Plan. We estimate our upholstery business start-up costs to be approximately $20,000. This includes the cost of our equipment, furniture, materials, and supplies. We also expect our monthly operating costs to be approximately $8,000. This includes rent, utilities, insurance, wages, and other overhead expenses.
6/1/202X - Finalize lease agreement for 4,000 square foot furniture store location. 6/15/202X - Begin build out of leased space. 6/30/201X - Finalize agreements with furniture distributors to schedule their upcoming product deliveries to the store. 7/1/202X - Richard will meet with the chosen advertising agency to hire them to begin ...
Discuss the relevant experience and qualifications of each team member as well as any other applicable information about them. 3. The products and services section. When drafting your business plan for a furniture store, it is important to include an in-depth section on the products and services being offered.
Description. This business plan provides a blueprint for how to start and manage your Furniture Store business. Our detailed research and analysis, including interviews with entrepreneurs and stakeholders, will ensure that you plan your future business for success. A business plan is used for various purposes including to (a) Raise funding from ...
The total cost for Start-up inventory (purchase of furniture making tools and equipment and the purchase of furniture making raw materials inclusive) - $250,000. The total cost for counter area equipment - $9,500. The total cost for store equipment (cash register, security, ventilation, signage) - $13,750.
furniture-manufacturing-business-plan-example - Free download as PDF File (.pdf), Text File (.txt) or read online for free. Carpentaria Furniture is a furniture manufacturing company located in Sharonville, Ohio that specializes in custom cabinets for high-end residential, resort, and commercial clients. The company aims to be a top cabinet supplier in the regional luxury home market and ...
If you are planning to start a new furniture manufacturing business, the first thing you will need is a business plan. Use our sample furniture manufacturing business plan created using Upmetrics business plan software to start writing your business plan in no time.. Before you start writing your business plan for your new graphic design business, spend as much time as you can reading through ...
furniture-manufacturing-business-plan-example - Free download as PDF File (.pdf), Text File (.txt) or read online for free. Carpentaria Furniture is a furniture manufacturing business located in Sharonville, Ohio. The business is owned by Bill Moore and his family and specializes in custom cabinets for high-end residential, resort, and commercial clients.
Answer 1 of 37: Hi, I am trying to find a way of getting to Tbilisi from Vladikavkaz by land. I have tried to Google but keep coming to dead ends. I want to travel cheap and don't really want to get a flight if I can help it. Is there a tour company that picks...
The Republic of North Ossetia-Alania shares a federal border with South Ossetia which is recognised by Russia and a few other states as an independent country, but most view it as part of Georgia. Both Ossetias make up the home of the Ossetians - a people who are descended from the Alans (hence the addition of Alania in the republic's name) and speak Ossetian, a language belonging to the ...
The North Ossetia - Alania Republic - Overview. The Republic of North Ossetia - Alania is a federal subject of Russia located on the northern slope of the Greater Caucasus, part of the North Caucasian Federal District. Vladikavkaz is the capital city of the region. The population of the North Ossetia - Alania Republic is about 688,100 (2022), the area - 7,987 sq. km.
Vladikavkaz. Founded in 1784 as a Russian fortress to aid the country in its conquest of the Caucasus, Vladikavkaz was given its name in a confident declaration as it means 'Lord of the Caucasus' (similar to how Vladivostok means 'Lord of the East'). Following the conquest the city became one of the largest and most important centres in ...