Candy Store Business Plan Business Plan Articles If you are creating a candy store, it is likely that you will require a business plan at some point.
We have been able to critically examine the candy stores industry and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast.
The sales projection are based on information gathered on the field and some assumptions that are peculiar to startups in Fairhope — Alabama. Below are the sales projection for Mama Jay Candy Stores, it is based on the location of our business and other factors as it relates to candy stores start — ups in the United States; First Fiscal Year-: Please note that the above projection might be lower and at the same time it might be higher.
Marketing Strategy and Sales Strategy Before choosing a location for Mama Jay Candy Stores, we undertook 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 Fairhope — Alabama.
We have detailed information and data that we were able to utilize to structure our business to attract the numbers of customers we want to attract per time.
We hired experts who have good understanding of the candy stores industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in Fairhope — Alabama.
In order to continue to be in business and grow, we must continue to sell the candies that are available in our store which is why we will go all out to empower or sales and marketing team to deliver. In summary, Mama Jay Candy Stores will adopt the following sales and marketing approach to win customers over; Open our candy store in a grand style with a party for all.
Introduce our candy store by sending introductory letters alongside our brochure to organizations, households and key stake holders in Fairhope — Alabama Ensure that we have a wide range of candies from different brands at all times.
Ice Candy Store Business Plan — Publicity and Advertising Strategy Despite the fact that our candy store is well located, we will still go ahead to intensify publicity for the business. We are going to explore all available means to promote our candy store.
Mama Jay Candy Stores has a long term plan of opening outlets well — branded kiosks in various locations all around Alabama which is why we will deliberately build our brand to be well accepted in Fairhope before venturing out. As a matter of fact, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand.
Here are the platforms we intend leveraging on to promote and advertise Mama Jay Candy Stores; Place adverts on community based newspapers, radio stations and TV stations. Ensure that our we position our banners and billboards in strategic positions all around Fairhope — Alabama Distribute our fliers and handbills in target areas in and around our neighborhood Contact corporate organizations, households, landlord associations and schools by calling them up and informing them of Mama Jay Candy Stores and the products we sell Advertise our candy store business in our official website and employ strategies that will help us pull traffic to the site Brand all our official cars and vans and ensure that all our staff members and management staff wears our branded shirt or cap at regular intervals.
Products in their store are tagged with the cheapest price you can get anywhere in the United States. Payment Options At Mama Jay Candy Stores, Our payment policy is all inclusive because we are quite aware that different people prefer different payment options as it suits them.
Here are the payment options that will be available in every of our outlets; Payment by cash Payment via Point of Sale POS Machine Payment via online bank transfer online payment portal Payment via Mobile money Payment with check from loyal customers In view of the above, we have chosen banking platforms that will help us achieve our payment plans without any itches.
Start — Up Expenditure Budget In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.
This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.
As for the detailed cost analysis for starting a candy store business; it might differ in other countries due to the value of their money. Legal expenses for obtaining licenses and permits as well as the accounting services software, P. The cost of Launching a Website: Please note that this amount includes the salaries of all the staff for the first month of operation.
Jessica Rendell and her immediate family members. They do not intend to welcome any external business partners which is why he has decided to restrict the sourcing of the start — up capital to 3 major sources.
These are the areas we intend generating our start — up capital; Generate part of the start — up capital from personal savings Source for soft loans from family members and friends Apply for loan from my Bank N. All the papers and document have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.
Ice Candy Store Business Plan — Sustainability and Expansion Strategy The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure.
One of our major goals of starting Mama Jay Candy Stores is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running. We know that one of the ways of gaining approval and winning customers over is to retail our wide range of candies a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.
Mama Jay Candy Stores will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of.
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 six years or more.
We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.
Completed Opening of Corporate Bank Accounts:Candy Store Business Plan. There are many things to consider when preparing a business plan for a candy store. The unique aspects of your plan are reflected based upon several variables including where the business is based, how the products are sourced, the pricing, and selection.
Business Planning. The success of any business hinges upon careful business planning. That’s why one of the first things we do when you become a Fuzziwig’s Candy Factory franchisee, not unlike a small business administration, is to .
Get into the candy store business from the Entrepreneur list of retail businesses business ideas. Starting a business that retails candy is very straightforward and the biggest challenge to overcome is selecting the right operating location for the business. If opening a candy store sounds like the career of your dreams, the FabJob Guide to Become a Candy Store Owner is for you!
See a free sample of Become a Candy Store Owner In this e-book you will discover how you can get started and succeed in the candy shop business. How to create a business plan for your candy store (includes a sample candy store business plan) Deciding what kind of candy store to open (traditional, artisan, or specialty) An overview of options for your candy store business.