Get real P&L data for your plan!

We have complete profit and loss financial data from companies like De Kliek Style Studio.

SIC 5621 Apparel and Accessory Stores - Women's clothing stores

*Reports start as low as $89

 

Women's Clothing Boutique Business Plan

De Kliek Style Studio

This sample business plan can be edited directly in Business Plan Pro software.

Page 1   2   3   4   5   6   7   8   9  

Financial Plan

De Kliek looks to bring in annual sales of $600,000 with an operating profit margin of 20%. Gross margins are at 51%, which is 6 percentage points higher than the retail industry average but in line with retail boutique averages. Overall, De Kliek projects to reinvest net profits of 5% into the company for service enhancements and growth initiatives.

First-year cash flows are positive due to the cash-based business of De Kliek. De Kliek remains very liquid with no Current Liabilities forecasted for the year ending June 30, 2005. Startup costs are estimated at $132,700 with almost half of these costs going to startup inventory. See the Start-up Table, above, for details.

8.1 Important Assumptions

Payroll burden is calculated at 12.65% made up of 7.65% social security, 2% unemployment, and 3% worker's compensation. Payables are assumed to reach levels equal to one month's operating expenses. Long-term interest rates have been based on current SBA loan rates.

8.2 Break-even Analysis

Cost of goods for the break-even are based on line sheets from the vendors that De Kliek plans to carry. In addition, De Kliek plans to maintain an average 60% retail markup. De Kliek plans to maintain sales revenues well above the break-even level noted below.

8.3 Projected Profit and Loss

The projected Profit and Loss for five years is detailed in the table and charts following. Some assumptions and inclusions to be noted are included in the Appendix.

8.4 Projected Cash Flow

The projected Cash Flow for five years is detailed in the table and chart following. In addition, it should be noted that De Kliek will establish relationships with vendors and/or representatives to determine the following to maintain cash flow:

• Average price points – this will help ensure that a good mix of prices are maintained.


• Delivery time frame & reliability – this will be crucial to ensure maximization of profits during the key shopping time frames. For Italian designers who may live up to the Italian notoriety for being late in deliveries, De Kliek will request the earliest possible delivery from them and also ensure they will be open to discounts if deliveries are late.


• Shipping and transportation policies.


• Market demand and turn rates – typically the vendor should know their end customer and be able to share that information so it aligns with my target market as well as helps me determine how much is appropriate to buy.


• Payment terms and agreements –The goal is to be at Net 30 but I expect vendors to understand that De Kliek is a new boutique and will work with De Kliek to get the store at Net 30 terms with them within one season.

8.5 Projected Balance Sheet

All financials will be updated monthly to reflect past performance and future assumptions. Future assumptions will be based on our inventory plans from Retail Merchandising Service Automation (RMSA), economic cycle activity, regional retail indicators, apparel trends, and future cash flow. De Kliek works with both an Accountant and CPA whom both have personal and professional experience in retail operations. We expect solid growth in net worth beyond the first fiscal year of operation.

8.6 Business Ratios

Standard business ratios are included in the following table. The ratios show a plan for balanced, healthy growth. Industry profile ratios based on the Standard Industrial Classification (SIC) code 5621, Women's Clothing Stores, are shown for comparison.