These miners are focusing on areas of Canada which have been found to have significant diamond deposits. Many market analysts expect that the market for diamonds has now been irrevocably changed, and the supply of diamonds to the open market will act in a free market capacity as more agents enter the market. 4.2 Industry Analysis The jewelry industry is one of the United States most exclusive industries with a relatively small number of supplies providing jewelry to the entire market. As of the last economic census, there are approximately 9,000 businesses that deal specifically with the sale of jewelry on both a wholesale and retail level. For each of the last five years, the industry has generated more than 54 billion dollars a year of revenue, and provides jobs to more than 70,000 people. Each year, approximately 2 billion dollars of payrolls are disbursed to these employees.
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This is a very important source of revenue for the company as the income generated form these services carries very high margins. 4.0 Strategic and autobiography Market Analysis.1 Economic Outlook this section of the analysis will detail the economic climate, the jewelry industry, the customer profile, and the competition that the business will face as it progresses through its business operations. 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-2010, at which point the economy will begin a prolonged recovery period. The final concern for the business is the pricing structure and supply chain management that is common in the diamond industry. It is no secret that the jewelry (especially the diamond) business has been occasionally riddled with controversy and problems. The distribution portion of the industry historically has operated on an oligarchy system, with de beers controlling a significant portion of the market. In the mid 1980s, de beers controlled more than 90 of the aggregate known diamond supply. Today, the company only controls a 45 to 50 market share. This is primarily attributed to the fact that many diamond mining companies have started operations, and have begun to release diamond into the open market at prices that are below de beers.
As stated in the executive summary, the primary best revenue source for the business will come from the direct sale of jewelry inventories to the general public. Doe is currently sourcing a number of wholesalers and brand name jewelry distributors that will provide the company with its initial inventories of watches, bracelets, rings, earrings, and other jewelry products that are in demand. These products will be made from the highest quality metals including sterling silver, gold, and platinum. The company will also carry a number of jewelry products that feature precious stones such as diamonds, rubies, emeralds, sapphires, and other rare stones. Approximately 80 of the companys revenue will come from the sale of jewelry products. 3.2 Jewelry services, the companys secondary source of revenue will come from providing jewelry related services to its customer base. These services will include jewelry piece resizing, watch repairs, polishing, and other services commonly associated with jewelry maintenance.
John legs doe owns 100 of the jewelry Store, inc. 2.5 Exit Strategy, if the business is very successful,. 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 the jewelry Store. Based on historical numbers, the business could fetch a sales premium of up book to 4 times earnings. 3.0 Products and Services, below is a description of the jewelry products and related services offered by the jewelry Store. 3.1 Sales of Jewelry.
Below are the expected financials over the next three years. 1.6 Expansion Plan, the founder expects that the business will aggressively expand during the first three years of operation. Doe intends to implement marketing campaigns that will effectively target individuals within the target market. 2.0 Company and Financing Summary.1 Registered Name and Corporate Structure. The company is registered as a corporation in the State of New York. 2.2 Required Funds, at this time, the jewelry Store requires 150,000 of debt funds. Below is a breakdown of how these funds will be used:.3 Investor Equity,. Doe is not seeking an investment from a third party at this time.
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Doe is currently sourcing a number of inventories from wholesalers so womenempowerment that the business will have an extensive collection to offer to its customer base. Will also generate secondary streams of revenue from jewelry repair and customization services, which will be provided on site. This is an important revenue center for the business as the income produced from these services carries very high margins. The third section of the business plan will further describe the services offered by the jewelry Store. Doe is seeking to raise 150,000 from as a bank loan.
The interest rate and loan agreement are to be further discussed during negotiation. This business plan assumes that the business will receive a 10 year loan with a 9 fixed interest rate. 1.3 Mission Statement, the jewelry Stores mission is to become the recognized leader in its targeted market for providing outstanding jewelry inventories and jewelry related services. 1.4 Mangement team, the company was founded by john doe. Doe has questnet more than 10 years of experience in the jewelry 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.
This free business plan demonstration purposes only. If you are interested in purchasing the completed editable ms word and Excel documents for this business plan, please click the button below! Also, the text of the business plan is formatted with a fully automated table of contents. Return to samples Page, it should be noted that there is no special software required to use these templates. All business plans come in Microsoft Word and Microsoft Excel format. Each business plan features: Excecutive summary, company and Financing Summary.
Products and Services overview, strategic Analysis with current research! Marketing Plan, personnel Plan 3 year Advanced Financial Plan. Expanded Financial Plan with Monthly financials. Free 30 Page sample Private Placement Memorandum. Free powerPoint Presentation for Banks, Investors, or Grant Companies! 1.0 Executive summary, the purpose of this business plan is to raise 150,000 for the development of a jewelry store while showcasing the expected financials and operations over the next three years. (the company) is a new York based corporation that will provide a substantial inventory of jewelry products and jewelry related services to customers in its targeted market. The company was founded in 2009 by john doe. 1.1 Products and Services, the primary source of revenue for the company will come from the direct retail sale of silvery, gold, and platinum jewelry which may or may not contain precious stones.
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When we adhere to this maxim, everything else will fall in to place. Our services will exceed the expectations of our customers. The preferred format jewelry store writings business plan template for investors, sba, banks and angel investors in ms word doc format. You dont have to create your own contents from scratch and get the most professional printed results. The jewelry store business plan template is fully geared towards the jewelry store business. Easily add data, project plans, phasing diagrams, floor plans, specific plans and more as is needed. Notes: For a complete business plan solution with retail financial projections and more, you should see: PlanMagic Retail. Free jewelry Store business Plan For raising Capital from Investors, banks, or Grant Companies! Please note that the financials in this complete free business plan are completely fictitious and may not match the text of the business plan below.
Conservative projections based on sales over the next three years yield an annual revenue of 75,000 by year. . The company expects its cash account to remain healthy. The objectives for the first three years of operation include: to create a jewelry manufacturing company whose primary goal is to exceed customer's expectations. The utilization of Contemporary's designs in at least 40 different galleries. To increase the number of designs offered by 8 per year. To develop a profitable/sustainable home-based company. 1.2 Mission, contemporary ti design's mission is to make innovative pieces of art in jewely form out of titanium. We essay exist to attract and maintain customers.
ti design will be focusing on two distinct groups of customers. One is the end consumer, the other is galleries, to be used as a distribution channel. The end consumer will be interacting with Steve via his website as well as through personal contact at exhibitions/shows. The galleries (museum shops, jewelry stores) will also be met through the exhibitions and shows. Financial Considerations, contemporary ti will be completely financed by equity capital provided by Steve artificer. We will pass our break-even point within the first year.
All of the pieces are made by Steve artificer. The business roles will based out of his home. Steve sells the pieces direct through his website as well as through selected galleries and art shows. Steve plans to hire a sales representative by month eight to handle customer interaction. The market, the jewely industry is highly fragmented with thousands and thousands of artisans competing for distribution contracts and fame. Some work and distribute locally, others have national distribution systems set. Some artists will design products for larger companies to manufacture, others will design and make the pieces themselves. Competition for Contemporary ti takes the following forms: Artists creating designs that are then manufactured on a large scale and distributed nationally.
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Introduction, contemporary ti design is a designer and manufacturer of unique titanium jewelry. Contemporary ti design makes many different designs in the form of earnings, pins, and pendants. All of the products are designed and manufactured by Steve artificer. . In order to grow and achieve the desired level of market penetration, the company has outlined the following marketing/production plan goals over the next three years: The utilization of Contemporary's designs in at least 40 different galleries. Increase the number of designs offered by 8 per year. The company, contemporary ti design, located in hood river, or, is a custom manufacturer of titanium jewelry. Contemporary ti design has a wide range of jewelry offerings, from pendants, to pins, to earnings.