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The business will continue to be known and operated as Sportsuchtig.
The company currently operates with 10 employees out of a 7, square foot facility which houses the combined retail store, call center, office, and product warehouse.
This is a strong business that is positioned well for accelerated growth. This growth forecast is based on the assumption that the company acts on these key opportunities: Redesign, upgrade and marketing of the Internet store.
Relocating the existing retail store. Optimization of inventory purchasing, management and tracking. We will plan to relocate the business near the end of year 1 which should help position us for increased retail sales beginning in year 2. The website will be redesigned in the first 6 months and the Web marketing strategy will be timed to coincide with the implementation of the new site.
Expansion into at least one new product participant segment will be planned for each year, beginning in year 1. An outside sales team manager will be hired in year 1, but ramp-up of the sales team is not planned until early in year 2.
He spent almost 20 years leading research and development efforts for high technology stalwarts such as Lucent Technologies and ;Motorola Systems, and was a founding employee and Vice President of a high-tech startup. Johnson Enterprises, LLC sells, designs, and constructs custom game courts basketball, tennis, etc.
Improve net margins by the end of year 5. Redesign and upgrade the Internet e-commerce store by the end of the first year.
Enhance the retail store location in the second half of year 1 by relocating the current store from its current location to a more prime location in the metropolitan area. Establish relationships with local nonprofit organizations, to help underprivileged children build confidence and self esteem through youth sports programs.
Run the business as a family-run and -oriented business with emphasis on truth, integrity, quality relationships, fun, and giving back to the community. Become the "family expert" for sporting goods equipment by treating customers like friends and family and by maintaining an experienced, knowledgeable, and caring staff that can help the customer make the right purchase for them, whether they are individuals outfitting their family, or coaches, athletic directors and league representatives supplying their teams.
Relocate the existing retail store to a more densely populated, growing location. Negotiate optimal agreements with the major suppliers that allow us to improve margins, hold down costs, and maximize the control and turnover of our inventory.
Implement a state-of-the-art, computerized inventory management system to improve inventory turnover and tracking. Expand the product line by offering equipment for additional sports that are typically in demand during current Sportsuchtig slow seasons.
Create an outside sales team that calls on schools, leagues, and associations and is known for product expertise and top service. Be an active member of the community by participating in nonprofit activities and by sponsoring local sports teams, leagues, and tournaments.
Ensure through daily management practices that the values of The Sportsuchtig mission are followed, so that a successful and growth-oriented business is developed and maintained. Get the entire sample plan and everything you need to customize it for your business.
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Athletic Shoe Store Business Plan Executive Summary The Athlete’s Foot store in Pine Ridge Square will become the athletic footwear headquarters for the City of . Sportsuchtig sporting goods retail store business plan executive summary. Sportsuchtig is a successful sporting goods retail store being bought by new owners, who will expand the product offerings and revamp the website.