Skateboard Gear Retail Business Plan

Burly Skate Shop

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Company Summary

Burly is organized as a partnership between Nollie and Ollie Casperflip.

We will be located at 1234 Skate Rd. N, Suburb, Oregon, with the Suburb Central Chariots bus stop on the corner, approximately three blocks from the Suburb skate park, in the highly trafficked School House Square Mall.  Burly will be the only skate shop in Suburb, Oregon.

The hours of operation will be Monday - Thursday 11 a.m. - 8 p.m., Friday - Saturday 10 a.m. - 10 p.m., and Sunday 12 p.m. - 6 p.m.

All product purchases will be subject to the company's mission of providing only high-quality, cutting-edge items.

2.1 Start-up Summary

Burly's costs are listed below. The company will start with three months' inventory on hand for apparel and accessories, as this is the main revenue generator. The majority of the company's assets will reside in inventory.

The purpose of this business plan is to secure a $50,000 small business loan. This supplemental financing is required to work on site preparation, inventory, and operational expenses.

The owners' cash investment of $5,600 will be applied towards any required qualifications for small business loan and will be applied towards the start-up cost. The owners will also contribute current assets consisting of racks, hangers, shelves, etc. valued at approx. $1,200.

Successful operation and building a loyal customer base will allow Burly to be self sufficient and profitable at the end of one year.

Start-up
Requirements
Start-up Expenses
Legal $250
Stationery etc. $300
Remodeling $3,000
Web Site $293
Insurance $1,100
Rent $3,750
Research and Development $1,000
Expensed Equipment $2,000
Utilities/phone/POS system $2,344
Total Start-up Expenses $14,037
Start-up Assets
Cash Required $1,563
Start-up Inventory $40,000
Other Current Assets $1,200
Long-term Assets $0
Total Assets $42,763
Total Requirements $56,800
Start-up Funding
Start-up Expenses to Fund $14,037
Start-up Assets to Fund $42,763
Total Funding Required $56,800
Assets
Non-cash Assets from Start-up $41,200
Cash Requirements from Start-up $1,563
Additional Cash Raised $0
Cash Balance on Starting Date $1,563
Total Assets $42,763
Liabilities and Capital
Liabilities
Current Borrowing $50,000
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $50,000
Capital
Planned Investment
Cathy Falgout $2,800
Claude Falgout $2,800
Current Assets $1,200
Additional Investment Requirement $0
Total Planned Investment $6,800
Loss at Start-up (Start-up Expenses) ($14,037)
Total Capital ($7,237)
Total Capital and Liabilities $42,763
Total Funding $56,800

2.2 Company Ownership

Burly is organized as a partnership between Nollie Casperflip and Ollie Casperflip. Nollie Casperflip will handle all merchandising while Ollie Casperflip will handle all administrative duties.  Both will share managerial duties.

Nollie Casperflip has been the Founder and Executive Director of Operations for a foster-care and family advocacy group, for the past 18 years. Nollie holds two Masters Degrees and was a Professor for 9 years.

Ollie Casperflip has been the Executive Director of Administrations for the same foundation for the past 11 years.  Ollie Casperflip holds a Masters Degree in Administration, and has been an avid skateboarder since the age of 14.

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Start-up
Requirements
Start-up Expenses
Legal $250
Stationery etc. $300
Remodeling $3,000
Web Site $293
Insurance $1,100
Rent $3,750
Research and Development $1,000
Expensed Equipment $2,000
Utilities/phone/POS system $2,344
Total Start-up Expenses $14,037
Start-up Assets
Cash Required $1,563
Start-up Inventory $40,000
Other Current Assets $1,200
Long-term Assets $0
Total Assets $42,763
Total Requirements $56,800
Start-up Funding
Start-up Expenses to Fund $14,037
Start-up Assets to Fund $42,763
Total Funding Required $56,800
Assets
Non-cash Assets from Start-up $41,200
Cash Requirements from Start-up $1,563
Additional Cash Raised $0
Cash Balance on Starting Date $1,563
Total Assets $42,763
Liabilities and Capital
Liabilities
Current Borrowing $50,000
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $50,000
Capital
Planned Investment
Cathy Falgout $2,800
Claude Falgout $2,800
Current Assets $1,200
Additional Investment Requirement $0
Total Planned Investment $6,800
Loss at Start-up (Start-up Expenses) ($14,037)
Total Capital ($7,237)
Total Capital and Liabilities $42,763
Total Funding $56,800