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Sporting Goods Retail icon Used Sports Equipment Store Business Plan

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Nine Lives Outdoor Gear Consignment Shop

Company Summary

Nine Lives, to be located in Eugene, OR will be a consignment shop for outdoor clothing and gear. Nine Lives will offer used outdoor clothing and gear for reasonable prices, allowing a wider range of people to enjoy the outdoors. Nine Lives will sell the items on consignment, meaning Nine Lives will sell other owner’s items and pay for them when sold. Typically the items on consignment will be used. They will also consist of new manufacturers’ closeouts and seconds. Occassionally, Nine Lives will purchase outright manufacturers’ closeouts and seconds. This will only occur when the savings are large and the items are likely to be sold quickly.

The business will make a profit in month six, and will grow steadily each consecutive month.

2.1 Company Ownership

Nine Lives will be an Oregon corporation. Its founder and sole stock holder is Jim Gearboy.

2.2 Start-up Summary

Nine Lives’ start-up costs will include:

  • Computer system, with CD-RW, printer, Internet connection.
  • Copier, fax.
  • Assorted office supplies.
  • Office furniture (used).
  • Display equipment including racks, hangers, and shelves (these will be purchased used from a recent retailer bankruptcy.
  • Mirrors (for theft protection, also to be found used).
  • Bar code label printer, scanner and corresponding inventory management software.
  • Advertising- in local outdoors publications and general newspaper in the outdoor section.
  • Legal fees for the creation of the corporation and general business forms.

The items appropriate for depreciation will be depreciated using the straight-line method.

Used sports equipment store business plan, company summary chart image

Start-up Expenses
Legal $1,000
Advertising $1,000
Office supplies $150
Other $0
Total Start-up Expenses $2,150
Start-up Assets
Cash Required $14,150
Start-up Inventory $0
Other Current Assets $0
Long-term Assets $3,700
Total Assets $17,850
Total Requirements $20,000
Start-up Funding
Start-up Expenses to Fund $2,150
Start-up Assets to Fund $17,850
Total Funding Required $20,000
Non-cash Assets from Start-up $3,700
Cash Requirements from Start-up $14,150
Additional Cash Raised $0
Cash Balance on Starting Date $14,150
Total Assets $17,850
Liabilities and Capital
Current Borrowing $0
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $0
Planned Investment
Owner $20,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $20,000
Loss at Start-up (Start-up Expenses) ($2,150)
Total Capital $17,850
Total Capital and Liabilities $17,850
Total Funding $20,000