Help Help Help with school project.... boutique sneaker/streetwear shop

[showbiz00ditc]

Whats up Superfuturians?

K i'm in a class in second year college called Small Business Management and for our big project (50% of the final grade) we have to make up a business plan.

Now, because I'm into sneakers and 'streetwear' I decided thats what I'll do my business plan on. Now I know that this is an extremely hard market to get into, with aquiring the accounts like Nike and some streetwear accounts... but I dont think my middle aged family man teacher will know just how hard it is. I'm going to say I'm carrying like Supreme, Crooks & Castles, Stussy, The Hundreds etc. and yes in real life some of these brands would be impossible for someone just starting out to get... I'm just gona say they are streetwear companies that are just starting out and so they would like to be in as many shops as possible. I'm also going to do some consignment shoe selling, and have a webstore (really just to have more stuff to blab on about to take up more space in the project)

But anyways for the project we need to do a full out business plan... like costs and projected earnings n shit like that. So i remmeber reading somewhere that the estimated startup costs to open and get decent stock would be around 250,000. Am I remembering this correctly?

Also, whats some other shit I gotta keep in mind, or any other ideas that could work with this shop.

Has anyone had to do a full out business plan before for school, or an actual business that could send it to me for some guidance?

Thanks in advance for comments, questions, concerns, n shit like that.

Andrew aka showbiz00ditc

[LA Guy]

Depends on your location and size of the boutique. In NYC, capital costs can be astronomical. In LA, prices vary (it's a very big area). For a market like Boston, even, things can vary quite a bit depending whether you are in Cambridge, Brookline, or on Newbury Street (the high end shopping drag.)

A barebones operation (proprietor run, do a lot of the furnishing yourself or allowing antique stores and artists to place stuff in your place in exchange for, well, equipping your store) and you could start up with about 100K + 50-75K in initial stock. F/W is a good time to start up. Much less volatile season (and commensurately lower risk) of getting sunk off the bat. Also, while, say Nike, is not going to give you a decent account, if any account at all, off the bat, smaller companies will sell to you if you are carrying other lines of similar quality and exclusivity.

[showbiz00ditc]

cool good to know about startup costs and the fall winter season thanks alot

and yea i guess i shoulda said where im gonna start it up... I'm just gonna say Toronto (although there is goodfoot obviously holding that shit down and is impossible to get another Nike account in the city) but again, my teacher or nobody in the class even knows goodfoot exists

[poly800rock]

ha, my dad teaches small business management

[Thorns]

If I were you, I'd take another look at the real estate in toronto man. Those shops pay an arm and a leg just for the overhead. If I were you I'd try and overestimate your numbers. The costs always end up higher than you imagine.

[showbiz00ditc]

If I were you, I'd take another look at the real estate in toronto man. Those shops pay an arm and a leg just for the overhead. If I were you I'd try and overestimate your numbers. The costs always end up higher than you imagine.

ALWAYS...

but then again... how easy is it for a like 20 year old kid to get a 100+k bank loan?

then again... who says it has to be from a bank.

[poly800rock]

probably impossible, but my friend did get ~30k and he opened up a baseball card shop