Printing Press Publishing Houses and Authors Branding and Advertising agencies As well as all types of individuals Our Competitive Advantage Surviving in the business world as a jewelry maker and retailer requires more than just expertise. This means that one must know how to deliver standard web designs, but also how to network with key people that matter, and decision makers.
Strategic Analysis with current research!
The Company was founded in by John Doe. Doe is currently sourcing a number of inventories from wholesalers so that the business will have an extensive collection to offer to its customer base.
This is an important revenue center for the business as the income produced from these services carries very high margins. The third section of the business plan will further describe the services offered by the Jewelry Store. The interest rate and loan agreement are to be further discussed during negotiation.
Doe has more than 10 years of experience in the jewelry 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 Jewelry Store. Based on historical numbers, the business could fetch a sales premium of up to 4 times earnings.
Doe is currently sourcing a number of wholesalers and brand name jewelry distributors that will provide the Company with its initial inventories of watches, bracelets, rings, earrings, and other jewelry products that are in demand. These products will be made from the highest quality metals including sterling silver, gold, and platinum.
The Company will also carry a number of jewelry products that feature precious stones such as diamonds, rubies, emeralds, sapphires, and other rare stones.
These services will include jewelry piece resizing, watch repairs, polishing, and other services commonly associated with jewelry maintenance. This is a very important source of revenue for the Company as the income generated form these services carries very high margins.
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. The final concern for the business is the pricing structure and supply chain management that is common in the diamond industry.
It is no secret that the jewelry especially the diamond business has been occasionally riddled with controversy and problems. The distribution portion of the industry historically has operated on an oligarchy system, with De Beers controlling a significant portion of the market.
This is primarily attributed to the fact that many diamond mining companies have started operations, and have begun to release diamond into the open market at prices that are below De Beers. These miners are focusing on areas of Canada which have been found to have significant diamond deposits.Free Jewelry Sample Business Plans And a good business plan is a business's best friend.
So take a peek at these sample business plans for custom jewelry and diamond retailers, and get started writing your business plan. Free Jewelry Store Business Plan For Raising Capital from Investors, Banks, or Grant Companies!
Please note that the financials in this complete free business plan are completely fictitious and may not match the text of the business plan below. Contemporary Ti Design custom jewelry business plan executive summary. ContemporaryTiDesign is a custom designer, manufacturer, and seller of titanium jewelry/5(77).
Jewelry Store Kiosk Business Plan. Open Your Own Jewelry Store Kiosk With This Sample Business Plan. We get you one step closer to realizing your dream. Opening a mall jewelry store kiosk is a big step for most small businesses. A Sample Jewelry Making & Retailing Business Plan Template Are you about starting a jewelry making business?
If YES, here is a complete sample jewelry making and retailing business plan template & feasibility study you can use for FREE. Contemporary Ti Design custom jewelry business plan executive summary. ContemporaryTiDesign is a custom designer, manufacturer, and seller of titanium jewelry.