BUSINESS PLAN

Business Plan for opening up Children's Clothing Store

[Institution's Name]

Executive Summary

British Children Clothing House (BCCH) is a new apparel store that will serve the Children in local community for all their wearing needs. As the name suggests, it will provide all sort of wearing items including clothing, belts, accessories, and shoes. Our unique preposition is to provide high quality products to the local community at the relatively lower prices. The local community which is most consist of sports enthusiast is undeserved and our store can exploit this opportunity to enter in to the market with favorable conditions and make good profits.

The UK clothing stores industry includes about thousands of clothing stores for men, women and children with combined annual revenue of in billions pound starlings. Large International companies include TJX Companies (TJ Maxx, Marshalls); Gap; Limited Brands; Ross; and Abercrombie & Fitch. The industry is concentrated: the 50 largest companies account for about 65 percent of industry revenue.

The required funding will be used in various operational tasks with the majority going to build up inventory for next three months. The debt to equity ratio is 2:1. Financial statements show us that we will be able to break even in the first year and subsequently will pay the whole debt back within three years. The funding is critical to our initial success and long term growth. In the future, we plan to expand our operations to capitalize more opportunities.Business Plan

The business

'British Children Clothing House (BCCH)' is organized as a sole proprietor under the British company law. We will be located in 12/B ABC Shopping Mall, Town center, London which is one of the epic centers of all sports enthusiast community belonging to diverse backgrounds. Store operation timings will Monday - Saturday 9 a.m. - 8 p.m. and Sunday 12 p.m. - 6 p.m. There will be extended special hours designated during special shopping seasons including Christmas. The store will specialize in all kinds of childwear for men.

Startup Summary

'British Children Clothing House (BCCH)' incorporate costs are listed below. The store will initiate the operation with 3 months inventory on hand. This will include apparel and accessories. The composition of balance sheet will show us that the majority of assets will compose of inventory.

The purpose of this business plan is to secure a loan of £10,000 as SME. The loan amount along with the owner's equity of £5,000 will be utilized to buy inventory and administration machinery as well as for operational expenses for first sixth months. Further a supplier's credit line of £2,000 will also be used during periods of high demand. Using our prime location and high potential demand of children wear in the community, we will build our base and conduct successful operations that will allow us to become self sufficient within one year and will start generating positive cash flows by the beginning of the first quarter of 2nd year.

Market Analysis

Retail Child Clothing industry in UK

The children clothing market includes baby clothing, boys casual wear, boys activewear, boys formalwear, boys essentials, boys ...