Gift Shop Business Plan

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Regali Luxuri

Management Summary

Owners, Bensai Halstadt and Kaethe Villanova will initially manage the day-to-day operations of the boutique. Kaethe Villanova has five-years of retail and accounting experience that she has applied to the business. Both owners have also taken entrepreneurial classes through the local University SBDC (small business development center). our experience and continuous education has aided our efforts in training sales associates and managing daily operations.

Due to the area being in its beginning stages of gentrification resulting in slow business traffic, the owners have decided to initially open its doors Thursday-Saturday, 10a.m. – 7p.m. and Sunday, 10a.m. – 6p.m. They have also decided to take a minimal salary for the first year 2005, and increasing their salary each of the next two years, commenserate with their expanded operating hours. Both will continue to work to finance our business venture. Our work schedule allows us the flexibility to manage the store on the days previously mentioned. We will eventually expand our days of operation according to increased population of residential and retail establishments and increased business traffic.

The following is a structural breakdown of responsibility and decision-making:

Bensai Halstadt Kaethe Villanova Bensai & Kaethe
Printing Services Purchasing/Inventory Tracking Sales/Marketing
Promotions/Advertising Merchandising/Store Planning Hiring/Employee Policies
Shipping/Delivery Operations/Accounting Customer Service
Web Maintenance Training Customization Services
Proprietary Product Development
General Product Selection

In addition Regali Luxuri has a professional and advisory support team.

  • Board of Directors – Bensai Halstadt & Kaethe Villanova
  • Attorney – Greming Starke Roffman P.C.
  • Accountant – Cleona Giraude
  • Insurance Agent – State Farm Agency
  • Banker – Riane Schmidt, Wachovia Bank
  • Consultant(s) – Kudana Elderberry
  • Mentors & Key Advisors – Kudana Ederberry and Shantu Mobuko

6.1 Personnel Plan

Owners Bensai and Kaethe have decided to take a minimal salary for the first year 2005, and increasing their salary each of the next two years, commenserate with their expanded operating hours. Both will continue to work to finance our business venture. If the extended hours and volume of business warrants we may hire part-time employees for the year two holiday season, or maybe not until year three.

Personnel Plan
Year 1 Year 2 Year 3
Owners $18,000 $30,000 $36,000
Name or Title or Group $0 $0 $0
Name or Title or Group $0 $0 $0
Total People 0 0 0
Total Payroll $18,000 $30,000 $36,000

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