Position our Flexi Banners at strategic positions in the location where our clothing store is located. As a matter of fact, it is common to find clothing stores located alongside a busy road, in a busy community, in an urban area, or near a railway or railroad station or other transport hub. Our vision is to establish a one stop clothing store (boutique) in Los Angeles – California and in other cities in the United States of America. 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. … the drafting a business plan. We know that our customers are the reason why we are in business which is why we will go the extra mile to get them satisfied and get what they are looking for whenever they visit our clothing store and also to become our loyal customers and ambassadors in and around our neighborhood. 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. Beyond retailing quality and affordable clothes and fashion accessories in our clothing store, will ensure that our customer care is second to none in the whole of Los Angeles – California. This is one of the reasons why a business such as a clothing store or a boutique as some folks would want to call it, are in existence. Another threat that may likely confront us is the arrival of a new clothing store in same location where ours is located. 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. In view of that, we have positioned our clothing store to service the residence of Los Angeles – California and every other location where our clothing stores will be located all over the United States of America and Canada. Mary & Mack Clothing Store™ will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. 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. Conducting a feasibility study involves the following steps: 1. 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. The feasibility study is an evaluation and analysis of the potential of a proposed project. Log in, Boutique Business Plan in Nigeria – Feasibility Study Sample for Clothing Business. But as much as they like your product. Please note that this amount includes the salaries of all the staff for the first month of operation. Various clothing designs have evolved over the years too. No doubt data collected from customers goes a long way to help retail stores serve them better. A feasibility study is an integral process in manufacturing to make sure a solution is viable to the problem or not. In some countries like the United States, united kingdom and France et al, clothing stores are known to be opened 24 hours a day and 7 days a week. to ensure accurate and helpful information is supplied to our customers when they make enquiries, Responsible for cleaning the store facility at all times, Ensures that toiletries and supplies don’t run out of stock, Cleans both the interior and exterior of the store facility. At Mary & Mack Clothing Store™, our payment policy is all inclusive because we are quite aware that different people prefer different payment options as it suits them. 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. As a result, the start of the recession and its lasting effects on the US economy hurt industry performance. It may be the case that consumers in general aren’t willing regularly spend extra for an organic, homemade product. 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). 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 three years or more as determined by the board of the organization. What is Feasibility Study?Feasibility study is an analysis of the viability of an idea. A feasibility study is an investigative tool that might cause you to discount an idea, whereas a business plan is a call to action. Your friends and relatives may all rave about the jam that you make and give as gifts. It is a fact that economic downturn affects purchasing and spending power. There is hardly any human who doesn’t wear clothes. To place an order, pay N10,000 to GTBank (Guaranty Trust Bank) Account Name – Uwadia Eyemeka Account No – 0127561472. 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. FEASABILITY STUDY MODEL for CAGE FARMING BUSINESS of SMALL/MEDIUM SIZE Concept The following pages provide a Feasibility Study Model (FSM) for drafting a comprehensive Feasibility Study (FS) for small and medium cage aquaculture Projects. No matter what name you use, the importance stays the same. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives. A feasibility study example is also known as a feasibility report example or a feasibility analysis example. There is hardly any human who doesn’t wear clothes. Writing a professional feasibility study is good business practice, especially for companies that are planning on raising many millions of dollars and want to have the knowledge readily available to make an educated decision about a projects viability like a Apparel project. 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. One of our major goals of starting Mary & Mack Clothing Store™ 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. This is the summary of the SWOT analysis that was conducted for Mary & Mack Clothing Store™; Our location, the business model we will be operating on (one stop physical store and online store), varieties of payment options, wide range of clothes and other fashion accessories from local and international manufacturing brand, opening 24 hours a day and 7 days a week and our excellent customer service culture will definitely count as a strong strength for Mary & Mack Clothing Store™. The business plan is often used as a tool to portray completely the business and its fiscal projections. Handles any other duty as assigned by the restaurant manager. Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations. We are in the clothing store (boutique) business to make profits at the same to give our customers value for their money and time whenever they patronize us. 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. We will ensure that we get our customers involved in the selection of brands that will be on our racks and also when making some business decisions that will directly or indirectly affect them. This is determined by the market forces (demand & supply). Per capita disposable income fell as many individuals lost their jobs; accordingly, consumer confidence plummeted and consumers cut spending, causing the industry to contract in 2009. Mary & Mack Clothing Store™ employed the services of an expert HR and Business Analyst with bias in retailing 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. The business plan must come after the feasibility study and if the projected business idea is not feasible, a person must progress the business plan until he or she revises the business idea. 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. Thanks for watching! A Business Feasibility Study can be defined as a controlled process for identifying problems and opportunities, determining objectives, describing situations, defining successful outcomes and assessing the range of costs and benefits associated with several alternatives for solving a problem. The clothing store (boutique) Industry revenue has since recovered; however, the industry is facing more stringent competition than ever before because of a rising number of imports and consumers’ shift to online shopping et al. NAME OF THE … is performed by an organization in order to evaluate whether a specific action makes sense from an economic or operational standpoint But we will ensure that within our capacity we make available a wide range of clothes and fashion accessories et al from different brands both local and foreign manufacturers in our store. Meaning of feasibility study. 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. One thing is certain; we will ensure that we only retail quality and affordable clothes and other fashion accessories in our clothing store. Generally, Lovebada Bango Laundry Shop is seen to be feasible upon studying its location, market demand and the factors affecting the market. It is based on extensive investigation and research to support the process of decision making. The team comes up to this idea to compete in the demand of modern day’s consumers. This will detail the aim of the business and the set steep to achieve such business … Mary & Mack Clothing Store™ will generate income by retailing the following items; It is important to state that our sales forecast is based on the data gathered during our feasibility studies, market survey and also some of the assumptions readily available on the field. Over and above, the clothing store (boutique) industry is a profitable industry and it is open for any aspiring entrepreneur to come in and establish his or her business; you can chose to start on a small scale in a street corner like the average mom and pop business or you can chose to start on a large scale with several outlets (chains of stores) in key cities. What, when, why, how, where you’re using the feasibility Study?Explain with your own word. The clothing store (boutique) industry comprises of small retail stores that sells a limited range of clothing and accessories. We know we don’t have the capacity to compete with other bigger clothing stores and retailer, but we will ensure that the prices of all the items that are available in our clothing store are competitive with what is obtainable amongst clothing stores (boutiques) within our level and in our location. Feasibility Study is an important step in the entrepreneurial process. The industry is projected to grow at 3.1 percent annual growth rate. She has successfully managed several retailing business both in Los Angeles and New York prior to opening her own clothing store. 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. These are some of the products that we will retail in our clothing store (boutique); Mary & Mack Clothing Store™ do not intend to start a clothing store business like the usual street corner clothing store (boutique) business; our intention of starting a clothing store business is to build a standard clothing store (boutique) that will be a one – stop shop for both old and young people, rich and poor people and male and female et al which is why 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. 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. We have enough parking space that can accommodate well over 25 cars per time. 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 five years or more especially when we start selling our franchise or running chains of clothing stores. Performs cash management, general ledger accounting, and financial reporting, Responsible for developing and managing financial systems and policies, Ensures compliance with taxation legislation, Handles all financial transactions for the organization, Serves as internal auditor for the organization, Ensures that all contacts with customer (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level, Through interaction with customers on the phone, uses every opportunity to build client’s interest in the company’s products and services, Manages administrative duties assigned by the store manager in an effective and timely manner, Consistently stays abreast of any new information on Mary & Mack Clothing Store™ products, promotional campaigns etc. Especially, when you put the feasibility study or business plans into use. The Total Fee for Registering the Business in California –, Legal expenses for obtaining licenses and permits as well as the accounting services (, Marketing promotion expenses for the grand opening of Mary & Mack Clothing Store™ in the amount of $3,500 and as well as flyer printing (, Cost for payment of rent for 12 month at $1.76 per square feet in the total amount of, Other start-up expenses including stationery (, Operational cost for the first 3 months (salaries of employees, payments of bills et al) –, Cost for store equipment (cash register, security, ventilation, signage) –, Cost of purchase and installation of CCTVs –, The cost for the purchase of furniture and gadgets (, Generate part of the start – up capital from personal savings, Source for soft loans from family members and friends. One of our business goals is to make Mary & Mack Clothing Store™ a one stop fashion shop. Players in the Clothing store (Boutiques) industry are defined as having only one location and typically focus on providing high-end or niche products to consumers. GET YOUR FASHION DESIGN BUSINESS PLAN IN NIGERIA. One thing is certain; we will ensure that we have a wide range of quality and affordable clothes and fashion accessories from top fashion labels available in our store at all times. The proposed business venture should preferably be located in any of the major urban cities of Pakistan; to reduce initial capital investment, the proposed unit is to be established at rental premises. When it comes to selling items that are found in clothing stores, there is indeed a wide range of available customers. This study aims to investigate and rationalize the need of starting or investing in a project by way of technical feasibility, viability of the business and how economical the business is. Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities. In other to continue to be in business and grow, we must continue to sell the products that are available in our store which is why we will go all out to empower or sales and marketing team to deliver. The marketing aspect is very vital when carrying out a feasibility study on how to start fish farming business in Nigeria. 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. In essence, our target market can’t be restricted to just a group of people, but all those who resides in the locations where we intend opening our clothing store. The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. 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. We would need an estimate of $250,000 to successfully set up a standard and well stocked clothing store in Los Angeles – California. 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 … We are in business to retail our clothes and fashion accessories to the following groups of people; Mary & Mack Clothing Store™ is launching a standard and registered clothing store that will indeed become the preferred choice of residence of Inglewood, Los Angeles – California and in every other locations where our chains of clothing stores will be opened. 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. To learn how to write a formal feasibility study on the proposed business, here are the key items to consider: The nature of the investment, Management and organization, team, Economic and financial planning, and analysis, small business marketing plans and strategies. The clothing store (boutique) industry is indeed a very large industry and pretty much thriving in all the parts of the world. For example, it is common to see items with prices in this format; $3.99, $99 and $199 et al as against $4.00, $100 and $200. We are going to explore all available means to promote our clothing store. 2. Statistics has it that in the united states of America alone, there are about 31,615 legally registered clothing stores (boutiques) responsible for employing about 65,810 employees and the industry rakes in a whooping sum of $28bn annually. Another common trend in the retailing industry of which clothing store falls under is the pricing system. Are you about starting a clothing store? The fact that we are going to operate our clothing store in one of the busiest district in Los Angeles – California provides us with unlimited opportunities to sell our items to a large number of people. 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. FEASIBILITY STUDY 1. In between there are [people who are mainly the ones who go between the manufacturers and the consumers. This can also be the reason why so many clothes manufacturers have sprung up in the last centuries; this is so that they are able to meet the teeming population of people who wear clothes. We are well positioned to take on the opportunities that will come our way. Our mission is to establish a clothing store business that will make available a wide range of clothes and fashion accessories from top brands at affordable prices to the residence of Los Angeles – California and other cities in the United States of America where we intend opening our outlets and selling our franchise. This particular pre-feasibility study is for setting up a Polo T-Shirts Manufacturing Unit. Advertise our clothing store in our official website and employ strategies that will help us pull traffic to the site. Fashionista's clothing selections and exclusive personal style services include a detailed Style Assessment, which will ensure that our customers are well dressed. Feasibility Study IMPRESSIONS Executive summary Basically we are going to open a female designer ware boutique in Multan as we realized after market analysis that a strong demand exist in this south Punjab region especially in Multan as women are now being aware of the current trends want themselves to be dressed accordingly Media has its remarkable role in this regard to set new trends in female … The feasibility study helps to narrow the scope of the project to identify the best business scenario(s). the feasibility of the business venture. Therefore, the clothes move from the manufacturers to the consumers. This clothing business is the focus of this feasibility study. They hypothesis is that the area of Leaside, North Toronto can support the opening of a tween clothing store. The Business Feasibility This is because of the need to cover up nakedness. If YES, here is a complete sample online clothing store business plan template & feasibility study you can use for FREE. If the hospital wants to expand its area of a building then it may conduct the feasibility study which will help it in determining whether a hospital should go ahead with the project of expansion or not. Here are the platforms we intend leveraging on to promote and advertise Mary & Mack Clothing Store™; Pricing is one of the key factors that gives leverage to clothing stores and retailing business generally, it is normal for consumers to go to places (clothing stores) where they can get good quality clothes and fashion accessories at cheaper price which is why big players in the clothing store / retail industry like attract loads of consumers. It makes sure the project is economically feasible so the business owner can be warned to pursue the project or not. Here’s a … Clothing Store Organizational Structure – Job Description & Roles, How to Start a Plus Size Boutique Business in 14 Steps, How to Make Money Selling Clothing Boutique from Home, 32 Best Boutique Business ideas & Opportunities for 2021, 16 Best Baby Boutique Franchise Opportunities for Sale, 10 Best Clothing Boutique Franchise Opportunities for Sale, Starting a Baby Boutique – Sample Business Plan Template, 7 Easy Steps to Make Fast Money on EBay Selling Clothes, 5 Easy Steps to Make an eCommerce Website That Sells Clothes, 14. Clothing stores (boutiques) can be strictly designer based (i.e. Boutique Business Plan in Nigeria - Feasibility Study Sample for Clothing Business Boutique Business Plan in Nigeria - The following report and recommendation relate to the proposal of Ijekpoms authentic Boutique to establish a boutique at Main Market, Enugu State. This includes a short Business Plan Model for a Start-up cage fish farming. Enhances department and organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments. A feasibility study is a determining factor that evaluates whether the project is financially and technically sound and viable. only one designer’s collection is sold there), or they may sell a mix of designers’ labels (brands) that are specifically catered to the local market. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner of our business strategy. 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. Begin to assess the demand for your idea. There are various areas which should be taken into account like in the present case following are the different factors that feasibility study will include: 1. A feasibility report is a document that details the study of the profitability, feasibility, effectiveness of a proposed investment, and to evaluate the imminent business problem or opportunity. We have conducted our market research and we have ideas of what our target market would be expecting from us. The TWC Alteration Shop will focus on a niche market segment, the captive clients or those in the vicinity of the TESDA Complex. Changing fashion trends and of course consumer well-being is essential to industry growth because products are generally more expensive and rely on consumer discretionary incomes. We want to give people who patronize our clothing store (boutique) the opportunity to choose from a wide range of both locally and foreign clothing designer labels (brands) at highly affordable prices. If YES, here is a complete sample online clothing store business plan template & feasibility study you can use for FREE. 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. These are the areas we intend generating our start – up capital; N.B: We have been able to generate about $100,000 (Personal savings $75,000 and soft loan from family members $25,000) and we are at the final stages of obtaining a loan facility of $150,000 from our bank. Be incurred for the first month of operation may not be as large as the biggest clothing stores there., here is a fact that economic downturn affects purchasing and spending power GTBank ( Trust. 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