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Decoration Business

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Submitted By Osegbo
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This business plan for the establishment of a bridal boutique does an excellent job of assessing area competition. The detailed analysis of both the strengths and weaknesses of rival businesses effectively illustrates the need for a high quality and reasonably priced bridal salon in the region. It is also apparent that this entrepreneur is aware of fashion trends and receptive to customers' needs.

* GENERAL BUSINESS DESCRIPTION * INVENTORY DESCRIPTION, ANALYSIS, AND STRATEGY * PROMOTION PLAN * FUTURE PLANS * RESUME * START-UP EXPENSES * PROJECTED STATEMENT OF SALES AND EXPENSES
GENERAL BUSINESS DESCRIPTION
Megan's Bridal Boutique will be a full-service bridal salon and dress shop catering to the Wisconsin customer who is searching for reasonable quality products at affordable prices.
The inventory will consist of wedding gowns, bridesmaid dresses, headpieces, crinolines, jewelry, shoes, party dresses, more casual dresses, and tuxedo rentals.
I will run the business myself full-time and hire sales assistance as well as a bridal alterations specialist. The store has the potential of employing up to six full-time employees, estimating a minimum of three to start. The hours will be 10:00 a.m. to 5:00 p.m. Monday through Saturday, with evening appointments available for brides and their parties. All daily bookkeeping will be done by me. An accountant will take care of the necessary month-end work.
Megan's Bridal Boutique will be located on Hubbard Drive. I'm currently negotiating a lease on a very nice property of 1725 square feet. The rent on the space is only $435 per month plus approximately $250 per month for utilities. This is a good price, compared to other less desirable locations I've looked into. I plan to invest $5,000 in building renovations to meet the special needs of a bridal salon. The renovations will be

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