Okay, so we have considered all the requirements for starting a cosmetics retail business. Why Start a Cosmetics Retail Store? There is hardly anyone who does not take care of their skin. This is one of the reasons why the cosmetics business is a very essential necessity.
Strategic Analysis with current research! The Company was founded in by John Doe. Doe is currently sourcing a number of regional and national wholesalers that will provide the Company with its expansive inventory at the onset of operations. In addition to maintaining a retail store, Cosmetics Retailer, Inc.
The third section of the business plan will further describe the services offered by Cosmetics Retailer, Inc. The interest rate and loan agreement are to be further discussed during negotiation. Doe has more than 10 years of experience in the retail management industry. Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations.
Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years. Doe intends to implement marketing campaigns that will effectively target individuals within the target market. The Company is registered as a corporation in the State of New York.
Below is a breakdown of how these funds will be used: Doe is not seeking an investment from a third party at this time. Doe may seek to sell the business to a third party for a significant earnings multiple. Most likely, the Company will hire a qualified business broker to sell the business on behalf of Cosmetics Retailer, Inc.
Based on historical numbers, the business could fetch a sales premium of up to 5 times earnings. Doe intends to carry a number of mid to high end brands of perfumes, makeup, accessories, and other goods that are used for health and beauty.
Three to four employees plus a store manager will be onsite during store operations to assist customers with their needs. Each store employee will be well trained regarding the application of makeup and the lines of products carried by the Cosmetics Retailer. This will reduce the overall operating risk associated with the business as sales and inventory turnover will increase.
This website will be developed within the first six months of operation after the Company launches its retail location.
These cards will have a two year life span.
It should be noted that special accounting measures need to be put in place as income generated from the gift cards is technically considered a liability until a purchase is made because you technically owe the client X dollars worth of merchandise.
Management will consult a local CPA to develop the proper systems for handling its gift card business. Currently, the economic market condition in the United States is in recession. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows.
Many economists expect that this recession will continue until mid, at which point the economy will begin a prolonged recovery period.
However, the Company will earn significant gross margins on each item sold, and despite the current economic climate, the business will be able to maintain profitable and cash flow positive operations.
In this section, you can also put demographic information about your target market including population size, income demographics, level of education, etc. The key to writing a strong competitive analysis is that you do your research on the local competition. Find out who your competitors are by searching online directories and searching in your local Yellow Pages.
Below is an overview of the marketing strategies and objectives of the Company. Doe intends on using a number of marketing strategies that will allow the Cosmetics Retailer to easily target women within the target market.
These strategies include traditional print advertisements and ads placed on search engines on the Internet. Below is a description of how the business intends to market its services to the general public.Cosmetics Manufacturing Business Plan.
Clothing Retail Business Plan. John-Paul Iwuoha is an author, impact entrepreneur, business strategist and founder of Smallstarter Africa. He works with entrepreneurs and investors to start up and grow businesses in Africa.
His work and articles have been featured on several local and international. Find here a guide on how to start and plan a retail beauty supply store business with tips on operational processes, resources, promotion, marketing, etc.
A retail beauty supply store or cosmetics store is a lucrative business to start from any location across the globe.
Jun 28, · 3 Run a Retail Beauty Supply Store; If you are interested in starting your own cosmetics business, be forewarned: preparation is the key to success.
As you develop your business plan.
Are you about starting a cosmetic retail shop? If YES, here is a complete sample cosmetics store business plan template & feasibility report you can use FREE. The cosmetics store business plan template is fully geared towards the cosmetics store retail business.
Easily add project plans, phasing diagrams, floor plans, specific plans and more as is needed. Easily insert financial data from the financial application. The sales of cosmetics generate billions of dollars every year worldwide, and starting a business selling cosmetics is just about as straightforward as a new business venture can get.