Used Sports Equipment Store Business Plan

Used Sports Equipment Store Business Plan

Nine Lives &#8211, an Outdoor Clothing & Gear consignment store is a new venture in Eugene. Jim Gearboy, an experienced outdoor professional, will manage Nine Lives. Jim has extensive knowledge of Eugene’s outdoor community and has turned these insights into a niche shop that has no direct competitors.

Nine Lives will take advantage of this amazing opportunity by offering a wide range of used goods that are not available elsewhere, excellent customer service and affordable prices. Jim Gearboy, the owner of Nine Lives, has chosen a location that provides excellent foot traffic and is easily accessible. Jim will be able to efficiently set up the store in order to increase sales, and give customers the highest level of attention. The store will be profitable quickly thanks to Jim’s passion for the outdoors and his knowledge.

Nine Lives expects to grow at a steady rate with profitability expected by month six, and revenue estimated at $45,000 by the third year.

1.1 Mission

Nine Lives’#8217 mission is to provide quality outdoor clothing and gear at affordable prices. We aim to maintain and attract customers. When we adhere to this maxim, everything else will fall into place. Our services will meet or exceed customer expectations.

1.2 Objectives

These are the objectives for the first three year of operation:

  • To create a retail outlet whose primary goal it to exceed customer’s expectations.

  • Superior performance and selection will increase the number clients served by at minimum 20% annually

  • To decrease dependence on nonrenewable resources through the use of reused goods.

  • To generate annual revenues exceeding $50,000.

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