1.0 Executive Summary
The purpose of this business plan is to raise $150,000 for the development of a video game retailing store in UK with capabilities to drop ship from UK or United States of America. This plan depicts as well as showcases the expected financials and operations over the next three years. The UK Gaming Store is based in The United Kingdom; the store will provide an expansive inventory of video game consoles and sales of new/used video games to customers in its targeted market. The Company was founded in 2013 by Michael Turay.
1.1 Products and Services
The primary revenue stream for the business will come from the sale of new and used video games. In regards to new video game sales, the Company will work with authorized distributors to obtain its inventories. Used video games will be purchased directly from customers that want to divest old inventories of video games. The Company anticipates that it will be able to purchase used video game inventories at 30% of the value of which it will resell the game. The Company’s secondary revenue stream will come from the sale of video game consoles including PlayStation 3, Xbox 360, and Nintendo’s Wii. The third section of the business plan will further describe the services offered by the Video Game Store.
1.2 The Financing
Michael Turay is seeking to raise $150,000 from 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 Video Game Store’s mission is to become the recognized most economical local leader in its targeted market; for its expansive inventory of video games and video game consoles.
1.4 Management Team
The Company was founded by Michael Turay. Mr. Turay has more than 10 years of experience in the retail management