Hospitality industry news, articles, publications, trends, tips, ideas, strategies and best practices … How to Write a Persuasive Hotel Business Plan OK, so you have decided to realize your dream and open your own hotel. You have thought out an amazing concept delivering unparalleled guest service. The next step would be to write a hotel business plan.
Strategic Analysis with current research! The Used Book Store, Inc. The Company was founded in by John Doe. The second revenue stream of the business will come from the sale of coffee products that will be sold within the Used Book Store. This business model is akin to that of Borders or Barnes and Noble for people that want to browse, but not necessarily purchase a book.
The third section of the business plan will further describe the services offered by the Used Book Store.
The interest rate and loan agreement are to be further discussed during negotiation. Doe has more than 10 years of experience in the retail management 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. Below are the expected financials over the next three years. Doe intends to implement marketing campaigns that will effectively target individuals within the target market. The Company is registered as a corporation in the State of New York.
Below is a breakdown of how these funds will be used: Doe is not seeking an investment from a third party at this time. 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 Used Book Store.
At the onset of operations, Management intends to have approximately 20, books within its inventory. At this time, Management is sourcing specialized software that will allow the business to easily categorize its inventories of used books while concurrently acting as a point of sale system.
Barnes and Noble and Borders have both capitalized heavily on this trend as people who come to the store to browse, but not necessarily to buy, will often purchase a beverage or small snack while looking at merchandise.
The margins earned from this segment of the business are tremendous, and it will ensure the profitability of the business from the onset of operations.
Doe is currently looking into acquiring the licensure to serve coffee and small food items to the general public.
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, at which point the economy will begin a prolonged recovery period.
However, used book stores tend to operate with a significant amount of economic stability especially those with cafes as the prices for books are lower than their new book retailing competitors.Online shopping from a great selection at Books Store.
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