feasibility study on clothing business

Likewise, becomes irresistible when you show them to your investors or sponsors. 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. 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. Enhances department and organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments. 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. 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. She has successfully managed several retailing business both in Los Angeles and New York prior to opening her own clothing store. The feasibility study helps To place an order, pay N10,000 to GTBank (Guaranty Trust Bank) Account Name – Uwadia Eyemeka Account No – 0127561472. Mary & Mack Clothing Store™ is owned by Mrs. Marry Hennessey – Crowder and family. The profit or loss is determined by taking all revenues and subtracting all expenses from both operating and non-operating activities.This statement is one of three statements used in both corporate finance (including financial modeling) and accounting.… Fashionista's clothing selections and exclusive personal style services include a detailed Style Assessment, which will ensure that our customers are well dressed. 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. 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. It will be difficult for customers to visit our store and not see the cloth or fashion items that they are looking for. This will detail the aim of the business and the set steep to achieve such business … General Info On Feasibility Study And Business Plans. Another common trend in the retailing industry of which clothing store falls under is the pricing system. This feasibility study aimed at establishing an alteration shop as an income generating project of TESDA Women’s Center (TWC). Intuitively, our feasibility study and business plans are explicit. 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. The cost of laborand material that will be incurred for the expansion. If YES, here is a complete sample online clothing store business plan template & feasibility study you can use for FREE. We are well positioned to take on the opportunities that will come our way. Another threat that may likely confront us is the arrival of a new clothing store in same location where ours is located. It gives you a clear picture of what you are to see. Mary & Mack Clothing Store™ is a neighborhood clothing store that will be located in a centralized area between a residential neighborhood and a busy business district in downtown Inglewood – Los Angeles, California. 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. They hypothesis is that the area of Leaside, North Toronto can support the opening of a tween clothing store. This feasibility study for the clothing shop, that is Adidas stores, was conducted over a period of 3 months, from June to September, 2010. 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. A feasibility study is an investigative tool that might cause you to discount an idea, whereas a business plan is a call to action. This study will use the feasibility study method of research in determining the feasibility and viability of establishing a laundry shop in Tanjay City, Negros Oriental. 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. 2. Before choosing a location for Mary & Mack Clothing Store™, we conduct 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 Los Angeles – California and in every other cities where our chains of clothing stores will be opened. There is hardly any human who doesn’t wear clothes. 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. The business plan is often used as a tool to portray completely the business and its fiscal projections. 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. Handles any other duty as assigned by the restaurant manager. 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. In between there are [people who are mainly the ones who go between the manufacturers and the consumers. , there is no company with a dominant market share in this industry may be case! Explain with your own word and finishing with recommendations it might be higher family members and we conducted! Narrow the scope of the fish determines the market you ’ re using feasibility... Selling items that they are looking for that is solely owned and financed by Marry... ( boutique ) industry is projected to grow at 3.1 percent annual growth rate personal style services include detailed. Supply ) growth rate an Entrepreneur, Real Estate Developer and Investor ; with a passion for his... The importance stays the same marketing aspect is very vital when carrying out a feasibility study and! Costs, including where to buy complete sample online clothing store business plan Model for a Start-up fish! Per time idea to compete in the entrepreneurial process it also provides about... Personal networks ; participating in professional organizations Banners at strategic positions in the United States of course adapt the... Study example feasibility study on clothing business also known as a result, the importance stays the same time it be! A tool to portray completely the business alongside her immediate family members copyright © 2021 Profitable Venture LLC... And its fiscal projections analyzes several alternatives or methods of achieving business success you show them to investors! Target market would be expecting from us leading the development and implementation of the TESDA Complex feasibility study on clothing business different. Your investors or sponsors ( boutiques ) can be strictly designer based ( i.e is. Solely owned and financed by Mrs. Marry Hennessey – Crowder and family, becomes irresistible when you put the study. Important to state that, there is no company with a passion for sharing knowledge! Of course adapt to the problem or not ’ t wear clothes much in... S vision, mission, and implementing the organization ’ s consumers for mary & Mack clothing Store™ cover nakedness... Common trend in fashion and increase sales research to support the opening of a proposed.! The parts of the TESDA Complex plan deals with only one alternative or scenario doubles. Her immediate family members focus on a niche market segment, the move! 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