Buster Business Plan Essay - 1624 Words

Debra J. Lawrence LA6525017 Management 190-SP Entrepreneurship Business Plan BUSINESS PLAN Buster’s Retail Store 1501 Maple St P.O. Box 2534 Tacoma, Washington 98453 * INTRODUCTION * DESCRIPTION * PURPOSE * OWNER/EMPLOYEES * FINANCIALS * SALES FORCAST * PRO FORMA STATEMENT * MARKETING * OPERATIONS * LEGAL/SUNDRY * MAJOR CHALLENGES Introduction and brief description of the venture a. Buster’s is currently a small store operating in the lobby of the Sparks Building, a large office building, located at 15th and Maple in downtown Tacoma, Washington. Buster’s occupy 1,000 sq ft on the first floor b. Our vision for Buster’s is to ultimately expand to a chain of†¦show more content†¦e. The current employees will be compensated at $12.00 - $15.50 per hour. The new full-time employees will be compensated at $9.00 per and the part-time employee will receive $8.00 per hour. All full-time employees will receive additional benefits (health insurance, workers compensation, cafeteria and life insurance.) Wage adjustments are anticipated to be about 4% per year Financials Research indicates that the revenue requirements to add an additional store come to $250,000, which is largely single time fees associated with opening the store. These costs are financed through owner personal financing, private investors and loans from the SBA. It should be noted that we expect to be operating at a loss for the first six months before advertising begins to take effect and draw in customers. Buster’s will be receiving periodic inflow of cash to cover operating expenses during the upcoming two years in order to sustain profitability. Most of this funding has been arranged through lending institutions and private investors. No anticipation of cash flow problems is expected during the next three years. Sales Forecasts Buster’s expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years. Pro Forma Income Statement: | | | | | | | | | | | | | | | | | Pro-Forma Income Statement | | | Busters, Inc. | | | |Show MoreRelatedbusters business plan Essay1854 Words   |  8 Pages1. Introduction a) This business plan describes a proposed venture to expand Busters from a one-store to two-store operation. b) Busters is a small retail store located in the lobby of a thriving large ofï ¬ ce building. It currently has three employees and sells snacks, sandwiches, beverages, cards, newspaper, books and small gift items. c) Ultimately, we hope to expand Busters so that it becomes a chain of 10-15 stores situated in the downtown ofï ¬ ce buildings. 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