By Deb Bixler There are many different types of business models to use when starting a home business. One of the most successful models is the home party plan.
All costs and expenses are taken from the high side of any estimates or ranges. The sales figures are deliberately figured from the low side of any projections. This was done to present the project in the most conservative manner. Targeted market share projections are very conservative considering that we will be the only store of this type in the market area.
The nearest full line competitors are 70 miles away. The cash flow chart does not account for four weeks in the year. For ease of accounting all months are assumed to have exactly four weeks. This action allows for some buffer effect in cash flow assumptions. The size of the store's inventory and projected sales figures have prompted some sizable discounts on the costs of inventory.
These savings are not reflected in the cash flow estimates, as they are not locked in until the actual purchases are made and are based on the size and the timing of the order.
The landlord, recognizing that the store will be a magnet store that will draw customers, offered an excellent lease at about half the going rate for the area that we are located in. We will generate shopping traffic for the other businesses in the building. The depreciation expense account in the cash flow projections is based on MACR schedules for assets in the 7 year category.
The first is to open Celebrations of Kokomo. This will be a retail store selling three lines of merchandise. Paper products such as plates, napkins, tablecloths, balloons, decorations, and banners.
A full line of wedding accessories such as bridal pillows, cake tops, server sets, and so forth. Etched glassware such as wine glasses and wedding and anniversary gift sets of glass and crystal and a careful selection of items suitable for gifts for weddings, anniversaries, and special occasions.
The break even point of sales vs. Debt service is paid from the first month of operation. Total accumulated profits compared to all accumulated expenses become positive in the 10 th month of the first year.
In stage two we hope to expand the business to include event planning and coordination of peripheral services such as hall, rentals, limos, and caterers. This stage does not require financing and will be implemented, as it becomes viable.
The retail market in the tri-county are of Jackson, Green, and Yardley counties is estimated at 3. Volume and selection will allow moderate pricing strategies. Management skills of the owners: Rivers Legal structure of the company: Retail sales of decorations, paper goods and accessories for weddings, birthdays, anniversaries and all types of parties and occasions.
Reasons for formation of the company: The main reasons for starting this company are to provide a useful and needed service to the community, to fulfil lifelong ambitions of being in charge of our destines, to work for our own economic welfare, and to function at our potential.
Goals The short term goals for this business are to establish a thriving and competitive presence in the accessories niche of the wedding and party business, and provide a local alternative to what is now a major trip to the nearest competitor.
We also want to provide glassware engraving, a unique and specialized service that will be recognized for high quality and considered to be an appropriate gift for very special occasions. The long term goals start with cementing the position of the business as a reasonably priced, full line, service center for the paper products and of the wedding and party accessories business.
We plan to expand this service to include printing services, consulting and organizing for weddings and other events, and some rentals for these types of events. The etching and engraving part of the business is planned to expand to provide products and services to a wider area.
We would like to be a supplier of personalized, etched to order, stemware and glassware in the Indiana, Ohio, and Michigan area.Party City Holdings Inc.
designs, manufactures, contracts for manufacture and distributes party goods, including paper and plastic tableware, metallic balloons, accessories, novelties, gifts, stationery and Halloween costumes, and is North America’s No.
1 party retailer with more than company-owned and franchise locations throughout the . In the first 9 months as a home party direct seller she built a home business and sales team which provided her with an income capable of replacing her corporate business salary of $80, per year.
Deb manages the largest FREE home party plan resource center on the web. Choose from over a hundred party themes! Shop for summer and luau party themes, casino and Hollywood party themes, and find hundreds of party theme ideas.
the communities in the Our County, Big City area. Focused on family entertainment in a family-oriented community, Play Time for Kids is a company primed to take advantage of an expanding and profitable industry. Get the party started! Find everything you need on your shopping list, whether you browse online or at one of our party stores, at an affordable price. The sample business plan is taken from a website selling business plan software and is Big City area. Focused on family entertainment in a family-oriented community, Play Time for Kids is a and a memorable hassle-free Birthday party. The business will offer .
This business plan for a party supply retailer is a nearly exhaustive consideration of the party planning industry's potential in this owner's market.
This entrepreneur has considered not only his initial startup, but related businesses that can be developed as adjuncts. Party rental companies can learn successful business operations and achieve financial projections with this free, printable business plan.
Free to download and print. The sample business plan is taken from a website selling business plan software and is Big City area.
Focused on family entertainment in a family-oriented community, Play Time for Kids is a and a memorable hassle-free Birthday party. The business will offer .