BUSINESS PLANS & FINANCING

Please Read and download our (Service Agreement Form-Click-Here)

Buckstore Services

Once your (potential) location is found, the next step is to create a business plan. Dollar Stores are most successful in busy, well anchored shopping centers. These places carefully select which stores they want. They usually require a detailed business plan as a means to determine how successful your store can be. Business plans are also a required addendum to all business loan applications.

Your stores location is the most important step in the process. Business plans are also helpful for the potential store owner to determine how profitable a store will be in each location.

The Dollar Store Business plan consists of a text summary of why you chose this business, why you chose this location, why your business will be successful, how close is your nearest competition, etc. It also includes a personal resume listing experience and accomplishments of all people involved in the business.

The plan starts with the missions statement of the new business, describing the company, its goals, the owners, the start up summary, a description of the company and its products. A market analysis summary shows the larger market, the targeted market, distribution patterns and marketing programs. The competition is illustrated showing both the direct and indirect competitors. Other topics covered include, value proposition, the operations plan, the organization plan, a description of the management team, the personnel plan, management issues, legal factors and other areas of vulnerability.

In addition to the text, the business plan includes various projections of how your business should fare the first year and the first 5 years. This section includes financial plans, financial assumptions, break even analysis, projected profit and loss, projected cash flow, and critical risks. Your sales and overhead expenses are carefully estimated to prepare this.

Approximate time in processing the customized site analysis is 2 to 3 days; demographics reports, projections estimates and business plan, may take 3 to 5 business days.

Once this is completed, the client makes an appointment with our accounting department for the first conference call to complete the Projections Estimate Templates and the second conference call to complete the Sample Business Plan.

Please Read and download our (Service Agreement Form-Click-Here)

Upon payment you will receive our Templates, which we will fill out together, and a questionnaire so we can start pulling the data on your area too:

Our Services include:

a) Projections Estimate Template (Microsoft Excel format) includes also a 2 to 3 hours conference call to review all data. For example Payroll, Payroll Taxes, Rent, Accounting, Advertising, Auto, Contract Labor, Dues / Franchise Fees, Equipment, Insurances, Legal Fees, Licenses, Others, Office, Supplies, Telephone, Utilities, etc will be reviewed.

b) Business Plan (Microsoft word format) includes also a 1 to 2 hour conference call to review all data. These include Mission/Vision, Company, Summary, Products, Market Analysis Summary, Competition / Competitors in the area, Operations Plan, Financial Plans, Critical Risks, etc.

c) Complete Demographic Analysis of the area for Store & Merchandise.

d) Survey of Potential locations for a general merchandise store.

e) Upon Securing the location; merchandise information, pricing, catalogs and full merchandise breakdowns according to store location and demographics will be sent.

The Questionnaire we need will ask for:

– Location Address.

– Total Square feet. (what will appear on the lease/rent or mortgage in case building will be purchased)

– Rent / Mortgage / Loan dollar amounts.

– Store type (i.e. dollar only or dollar plus store), for the profit margin scenarios:

When information has been received we will schedule the first conference within 72 hours.

The following is a sample of what will be covered during the Conference calls.

A) Startup Cost information (as detailed on our site too):

1- ALL Merchandise.

2- ALL Fixtures & Equipment (BRAND NEW or Used)

3- Complete Surveillance / Camera System.

4- Store Opening Accessories Package.

5- Point Of Sale System (s).

6- Professional Store Sound System (installation included).

7- Complete Build Out Store Assembly/ Onsite training for store operations and ordering.

8- Outdoor Sign.

…and 11 more details to cover all costs completely.

B) The information we need for the projections estimates will be:

1- Store Address.

2- Store Total Sq. Ft. (What will show on the lease)

3- Retail Space to be used (square feet).

4- If Rent applies, does the rent increase the following years ? (i.e. five year leases sometimes have a % increase every year, nationwide average is about 3% per year).

5- Business Hours store will open and we will suggest those too.

6- Manager Yearly Salary or Hourly. Will owner work too ? or have employees ??

7- How many employees, hours and wages of each.

…and 11 More questions also to be covered.

C) And for the Dollar Store Business Plan text content itself:

1- What background experience, skills, and strengths do you personally bring to this new venture?

2- Legal form of ownership: is the store a Sole proprietor, Partnership, Corporation, Limited liability corporation (LLC)?

3- Who will manage the business on a day-to-day basis?

3.1 What experience does that person bring to the business?

3.2 What special or distinctive competencies make this management unique ?

3.3 Is there a plan for continuation of the business if this person is lost or incapacitated?

…and 11 More questions to be covered too.

Once payment has been received, we start the process of sending the Templates, the questionnaire with instructions, and we then schedule the conference call with you ASAP to get the business plan completed !

Our Business Plans are very comprehensive and have been Nationally / Internationally utilized for the Dollar Store and Discount Store business since 1999 for SBA Loans, Grants, Financial Lenders, Banks, Investment Funds, and privately funded projects.

Below are Business Plan sample images.

*TEMPLATE *A computer document that has the basic format of something (such as a business letter, chart, graph, etc.) and that can be used many different times.
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