Galerie de Beaute

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Retail Property Sub-leasing Business Plan

Management Summary

Galerie de Beaute will not require a full staff.

Maintenance: Maintenance of common areas and snow removal will be a contracted expense. The contract will explain in detail the services required (i.e. mopping, cleaning bathrooms and trash removal).

Administrative duties will be shared by the partners. The partners will meet regularly to assign new duties or reassign duties as needed. It has been stated in partnership agreement that accounting duties will be rotated quarterly between the partners.

New Business: Application process, lease agreement, first and security deposit. Marcela Wave/Curley Lockes

Accounts Payable/Receivable: Collection and posting of rent. Disbursement of loan, rent, maintenance and advertising payments. Marcela Wave/Curley Lockes

Site Manager: Meet tenants monthly to address customer service issues. Renegotiate agreements. Walk through site before closing to ensure site is secure. Marcela Wave/Curley Lockes

6.1 Personnel Plan

Because tenants will be responsible for their individual suites, management will make periodic visits throughout the day to ensure maintenance issues and tenants' concerns are being addressed. The front door will be on a timer, locking at 6:00 p.m. Management will walk through around closing to ensure the building is secure.

Maintenance will be contracted. The contract will require cleaning restrooms and maintaining common areas. Tenants are responsible for maintenance within the suites. We will require approximately 16 hours per week @ approximately $7.00/hour.

The partners have over 20 years combined experience in accounting. Bookkeeping will be handled by partners with periodic review by an Accountant.

Personnel Plan
Year 1 Year 2 Year 3
Curley Lockes/Manager $24,000 $36,000 $40,000
Marcela Wave/Manager $24,000 $36,000 $40,000
Other $0 $0 $0
Total People 2 2 2
Total Payroll $48,000 $72,000 $80,000