Sporting goods store business plan

Ftes 16 16 16 16 16 18 18 18 18 18 18 18 wage for salespeople 24,000 24,040 24,040 24,080 24,120 27,180 27,226 27,271 27,317 27,362 27,408 27,453 total payroll expenses (managers + salespeople) 32,333 32,387 32,401 32,455 32,509 35,583 35,643 35,702 35,762 35,821 35,881 35,941 marketing and advertising $ 196,202 49,051 49,051 49,051 49,051 49,051 24,525 24,525 24,525 24,525 24,525 24,525 distribution expenses 2,738 2,738 2,738 2,738 2,738 2,738 2,738 2,738 2,738 2,738 2,738 2,738 store operating expense (cam, utilities, tax) 5,476 5,476 5,476 5,476 5,476 5,476 5,476 5,476 5,476 5,476 5,476 5,476 corporate executive salaries 109,375 109,375 109,375 109,375 109,375 109,375 109,375 109,375 109,375 109,375 109,375 109,375 corporate selling and marketing 8,213 8,213 8,213 8,213 8,213 8,213 8,213 8,213 8,213 8,213 8,213 8,213 national headquarters rent and other 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333total sg&a 362,670 215,573 215,587 215,641 215,695 218,769 194,303 194,362 194,422 194,481 194,541 194,601 operating profit (239,757) (84,055) (74,863) (65,066) (54,580) (35,099) 15,081 22,350 24,187 26,040 27,910 29,797 cash taxes 0 0 0 0 0 0 5,278 7,823 8,465 9,114 9,769 10,429 net income (239,757) (84,055) (74,863) (65,066) (54,580) (35,099) 9,803 14,528 15,722 16,926 18,142 19,368 + depreciation 9,973 9,950 9,926 9,899 9,871 9,841 9,807 9,768 9,728 9,687 9,646 9,604 -capital expenditure (2,933) (3,139) (3,358) (3,593) (3,845) (4,383) (4,997) (5,172) (5,217) (5,263) (5,309) (5,355) change in net working capital (3,551) (3,799) (4,065) (4,350) (9,309) (10,612) (3,024) (783) (789) (796) (803) initial investment (2,231,841) 0 0 0 0 0 0 0 0 0 0 0 0 free cash flow (472,474) (164,850) (146,958) (127,892) (107,484) (74,048) 24,360 46,272 52,102 55,715 59,361 63,039 cumulative free cash flow (2,704,316) (2,869,166) (3,016,124) (3,144,016) (3,251,501) (3,325,549) (3,301,188) (3,254,916) (3,202,814) (3,147,099) (3,087,738) (3,024,699) model – 2nd year month 13 month 14 month 15 month 16 month 17 month 18 month 19 month 20 month 21 month 22 month 23 month 24 selling sq footage 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 average sales per square foot $208 $211 $215 $219 $221 $223 $225 $226 $227 $228 $229 $230total revenue $692,837 $704,962 $717,299 $729,851 $736,238 $742,680 $749,178 $752,456 $755,748 $759,054 $762,375 $765,710 cost of merchandise $267,140 $271,815 $276,571 $281,411 $283,874 $286,358 $288,863 $290,127 $291,396 $292,671 $293,952 $295,238 distribution $69,088 $70,297 $71,527 $72,779 $73,416 $74,058 $74,706 $75,033 $75,361 $75,691 $76,022 $76,355 freight $32,241 $32,805 $33,379 $33,963 $34,261 $34,560 $34,863 $35,015 $35,169 $35,322 $35,477 $35,632 store occupancy cost $23,029 $23,432 $23,842 $24,260 $24,472 $24,686 $24,902 $25,011 $25,120 $25,230 $25,341 $25,452 inventory shrinkage $23,029 $23,432 $23,842 $24,260 $24,472 $24,686 $24,902 $25,011 $25,120 $25,230 $25,341 $25,452 other expenses $46,059 $46,865 $47,685 $48,519 $48,944 $49,372 $49,804 $50,022 $50,241 $50,461 $50,681 $50,903total cogs $460,586 $468,646 $476,847 $485,192 $489,437 $493,720 $498,040 $500,219 $502,407 $504,605 $506,813 $509,030 in store manager wage $4,251 $4,258 $4,265 $4,272 $4,279 $4,286 $4,293 $4,301 $4,308 $4,315 $4,322 $4,329 percent annual raise 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% ftes 2. Off any order: enter the coupon code during sporting goods store business plan is a comprehensive, formal business plan detailing the strategy ng the growth, both retail and ecommerce, for a sporting goods store with a single sporting goods store sells mass marketed sporting goods and fitness apparel that is trendy, in demand, and .

Sports store business plan

A focus • targeted market and focusn/a ash • lack of adequate information • specialty superstore concept has beenb capability proven in other industries • strategic mergers – gander, hibbettb exit • ipo – staples, home depot, petsmart • sponsor purchase • highly scalablea scalability • regional/national model sion ix y contacts • former svp and general merchandise manager, roy cohen the sports authority • former vp, target global operations and deliverychristopher perrigo services • manager, erik’s bike and board shop troy mundahl minnetonka, mn location ken lesesne • director of sales, wjxx/wtlv jacksonville, fl • global finance manager, p&g beauty and mike hewett grooming y research (interviews):1 roy cohen svp and general merchandise manager at the sports authority at start-up in 1980s. There are several big name, national sporting goods chains out there which try to offer a smattering of everything and cater to every type of sports fan or hobbyist, from basketball to badminton, to fly-fishing.

You can look through trade magazines or visit the national sporting goods association’s t vendors to find out if they require a minimum opening order or if they offer any special promotions for new retail if you can place a wholesale order; usually it’s cheaper to order items this way rather than individually or in small employees. Ftes 19 19 19 19 19 19 20 20 20 20 20 20 wage for salespeople 29,027 29,075 29,124 29,172 29,221 29,270 30,861 30,913 30,964 31,016 31,068 31,119 total payroll expenses (managers + salespeople) 37,528 37,591 37,654 37,716 37,779 37,842 39,448 39,514 39,580 39,646 39,712 39,778 marketing and advertising 147,152 36,788 36,788 36,788 36,788 36,788 18,394 18,394 18,394 18,394 18,394 18,394 distribution expenses 3,695 3,695 3,695 3,695 3,695 3,695 3,695 3,695 3,695 3,695 3,695 3,695 store operating expense (cam, utilities, tax) 7,390 7,390 7,390 7,390 7,390 7,390 7,390 7,390 7,390 7,390 7,390 7,390 corporate executive salaries 112,656 112,656 112,656 112,656 112,656 112,656 112,656 112,656 112,656 112,656 112,656 112,656 corporate selling and marketing 19,299 19,299 19,299 19,299 19,299 19,299 19,299 19,299 19,299 19,299 19,299 19,299 national headquarters rent and other 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333total sg&a 336,054 225,753 225,815 225,878 225,941 226,004 209,216 209,282 209,348 209,414 209,480 209,546 operating profit (103,802) 10,563 14,636 18,781 20,859 22,956 41,922 42,955 43,993 45,035 46,082 47,134 cash taxes 0 3,697 5,123 6,573 7,301 8,035 14,673 15,034 15,397 15,762 16,129 16,497 net income (103,802) 6,866 9,513 12,208 13,558 14,921 27,249 27,921 28,595 29,273 29,953 30,637 + depreciation 9,519 9,064 8,976 8,887 8,796 8,704 8,611 8,517 8,423 8,329 8,234 8,139 -capital expenditure (5,543) (5,640) (5,738) (5,839) (5,890) (5,941) (5,993) (6,020) (6,046) (6,072) (6,099) (6,126) change in net working capital (3,241) (1,677) (1,707) (1,737) (883) (891) (899) (453) (455) (457) (459) (461) initial investment 0 0 0 0 0 0 0 0 0 0 0 0 free cash flow (206,869) 22,874 30,803 38,874 43,741 47,782 85,562 87,954 89,907 91,869 93,840 95,820 cumulative free cash flow (3,231,569) 22,874 (3,200,765) 61,748 (3,157,025) 109,530 (3,071,462) 197,484 (2,981,555) 289,353 (2,887,716) 385,173 out – 10 year footprint out – by store year 1 2 3 4 year 4 5 6 7 8 9 10 florida - southern/central georgia 3 4 tampacentral 1 south carolina 2 3 tampalakeland 1 alabama 2 3 tampasarasota 1 north carolina 2 3 miamicape coral 1 tennessee 1 3 miamicentral 1 total 3 4 2 5 5 4 3 miamifort lauderdale 1 fort myers 1 gainesville 1 total stores added: ocala 1 years 1 to 5 26 orlandonorth central 1 years 6 to 10 19 orlandotitusville 1 cumulative stores by yr 10 45 orlandodaytona beach 1 orlandosouth 1 west palm beach 1 florida - northern jacksonville 1 tallahassee 1 panama city 1 mobile-pensacola 1 mobile-fort walton 1 total 1 3 10 5 up(dollars) projectedoperational year 0 year 1 year 2 year 3 year 4 year 5 year 6 year 7total revenue 6,570,613 28,580,226 101,623,096 178,779,338 242,161,399 296,358,660 349,760,093unit profit contribution 2,005,470 8,723,203 31,017,210 54,566,692 73,912,045 90,454,031 106,753,116 % margincorporate expenses ceo/president 450,000 463,500 477,405 491,727 506,479 521,673 537,324 cfo 262,500 270,375 278,486 286,841 295,446 304,309 313,439 vps 300,000 309,000 318,270 327,818 337,653 347,782 358,216 vps 300,000 309,000 318,270 300,000 309,000 318,270 327,818 pre-opening expenses 234,937 704,811 2,349,369 1,879,495 1,409,621 1,174,685 1,174,685 corporate selling and marketing 98,559 428,703 1,524,346 2,681,690 3,632,421 4,445,380 5,246,401 national headquarters rent and other 100,000 100,000 300,000 300,000 500,000 500,000 500,000total corporate expenses 1,745,996 2,585,389 5,566,147 6,267,571 6,990,620 7,612,099 8,457,882ebitda 259,474 6,137,813 25,451,063 48,299,121 66,921,425 82,841,932 98,295,234 % margin depreciation 117,700 457,298 1,591,040 2,382,383 2,924,898 3,311,525 3,658,280ebit 141,774 5,680,515 23,860,023 45,916,737 63,996,528 79,530,407 94,636,954 taxes 35.

Even if you have a physical storefront, having a strong web site is vital to your business’ the beginning, start with the basics like your location, hours of operations, and some general information about your you grow, consider including a full online inventory of your merchandise so that people can browse at home and even make purchases from outside of your local creating an e-commerce website, it’s important to offer a safe shopping experience for your customers. Census bureau annual retail trade surveya market • highly fragmented market - average store size of 5,000 to 10,000 square feet • ability to acquire brand name merchandise • ability to manage wide variety of inventoryc uncertainty • ability to find optimal rental properties • ability to bring customers into the store • recreational sporting goods customer looking for a wide selection of well-known branda customer name products at low prices • men and women, 25-44 years old, $30-60k • specialty sports retailersb competition • mom and pop sports retailers • general merchandise retailers 4.

You’ve registered your business, you can proceed with getting any licenses or permits as they might be required by your state or with your rental your inventory. Transcript available upon request3 troy mundahl store manager at eriks bike shop ($25m, 18 store, minneapolis-based bike shop) transcript available upon request4 ken lesesne direct of sales at wjxx (abc, jacksonville) transcript available upon request5 mike hewett global finance manager, p&g transcript available upon requestcapital iq - company overview reports: mintel co - consumer research reports: bestbuycoincnysebby_publiccompany action & extreme sports - mar-11 big5sportinggoodscorpnasdaqgsbgfv_publiccompany athletic shoes - jun-08 cabelasincnysecab_publiccompany baby boomers - us - dec-11 citysportsinc_ciqreportlandscape clothing & footwear - trends developments & prospects footlockerincnysefl_publiccompany department store retailing - aug-10 golfsmithinternationalholdingsincnasdaqgmgolf_publiccompany fitness clothing - sep-11 henrymodellcompanyinc_ciqreportlandscape footwear us - nov-10 hibbettsportsincnasdaqgshibb_publiccompany marketing to sports enthusiasts - jun-11 hrblockincnysehrb_publiccompany marketing_to_sports_enthusiasts__infographic_overview michigansportinggoodsdistributorsinc_ciqreportlandscape sporting goods - team sports - aug-08 scheelsallsportsinc_ciqreportlandscape sportchaletincnasdaqgmspchb_publiccompany industry reports: winmarkcorpnasdaqgmwina_publiccompany s&p - apparel & footwear - retailers and brands - sep-11 zumiezincnasdaqgszumz_publiccompany s&p - retailing general - nov-11 s&p - retailing specialty - nov-11 essn big box report10ks: s1s: retail brand - state of the industry - 2011 best buy 2009, 2010 cabelas 2004 big five sporting goods 2009, 2010 finish line 1996 other publications: big lots 2011 gander mountain004 2 sporting goods - intel - 2005 cabelas 2009, 2010 gart sport 1996 sportswear as cheap chic finish line 2009, 2010 hibbett sports 1996 us consumer in 2020 gander mountain 2007, 2008, 2009 big five 2001 the future of mall stores gart sport 2003 clear channel outdoor rates hibbett sports 2008, 2009, 2010 goldman sachs global retail conference powerpoint - 2011 home depot 2010 chain store age for retail executives - magazine lululemon 2011 2004, 2005, 2006, 2008, 2009, 2010, 2011 office depot 2009 big builders survey - 2010 office max 2010 big five, big lots - datamonitor petsmart 2008, 2009, 2010 big box retailer properties - pitfalls of valuation the sports authority 2006 buyers guide - pos systems sports chalet 2011 chain store age - cost is still key - 2007 staples 2010 chainlinks real estate advisors - 2012 target 2009 annual store construction and survey - 2012 walmart 2010 big box international - 2011 - colliers international tenant improvement issues in retail real estate - international council of real estate centers oint for teachers: creating interactive course - linkedin oint 2016 essential course - linkedin board essential course - linkedin goods shi conditioning service in miami.

Before you can open your own sport goods store, it’s important to know what your competition is like and what kind of need there is for another (or a different kind of) a visit to the other sporting goods stores already in the area you think you might want to open your shop, and see what sports or hobbies they cover particularly well and not so there is an under-represented sport that you think still has an interested consumer base, consider catering to them. Model - sg&a initial(dollars) assumption year 1 year 2 year 3 year 4 year 5 year 6 year 7 year 8 year 9 year 10operating expense assumptions % of revenue in store manager wage 50,000 50,461 51,479 52,509 53,559 54,630 55,723 56,837 57,974 59,134 60,316 percent annual raise 2.

You can also decide to go towards the other end of the spectrum and cater to a professional market base with only high-end can also chose to focus on sports memorabilia and apparel rather than p a business plan. We believe the business can reach revenue levels of over $5 million in 5 years by implementing this business plan.

Become the "family expert" for sporting goods equipment by treating customers like friends and family and by maintaining an experienced, knowledgeable, and caring staff that can help the customer make the right purchase for them, whether they are individuals outfitting their family, or coaches, athletic directors and league representatives supplying their e the website so that it is more professional and user friendly, offers incentives, features, and promotions to draw customers back to the site repeatedly, and is optimized for maximum search te the existing retail store to a more densely populated, growing ate optimal agreements with the major suppliers that allow us to improve margins, hold down costs, and maximize the control and turnover of our ent a state-of-the-art, computerized inventory management system to improve inventory turnover and the product line by offering equipment for additional sports that are typically in demand during current sportsuchtig slow an outside sales team that calls on schools, leagues, and associations and is known for product expertise and top employees on product features and on how to provide family-oriented sales and customer an existing employee, or hire from outside, a store manager to cover for and be the backup for the owner/ise and market in areas where our target customer base can learn about our retail and internet  a reliable operations infrastructure that is ready to serve customers, prepare accurate billing and accounting, follow up on orders and shipping, manage the web site, and maintain a close watch on expenses and collection of accounts an active member of the community by participating in nonprofit activities and by sponsoring local sports teams, leagues, and through daily management practices that the values of the sportsuchtig mission are followed, so that a successful and growth-oriented business is developed and your own business plan »your business plan can look as polished and professional as this sample plan. One other way that you could reduce costs is just start a kickstarter much does it cost to start up a sports business?

X x x x x x x x x x x selection justification pros cons applies to… sports retail smaller store format leasehold, ffe, similar target market preopening costs, regional footprint inventory, cogs, (nw/sw) sg&a, sss growth leasing model sports retail smaller store format leasehold, ffe, similar target market near national footprint cogs, sg&a, sss leasing model growth sports retail near national footprint cogs leasing model specialized target inventory turnover market days payable sports retail superstore format cogs specialized target revenue market us/canada footprint corporate built and owned selection justification pros cons applies to… sports retail larger store format preopening costs similar target market inventory, cogs, regional footprint sg&a, sss growth, (mw/s) leasing model rollout similar target market department store model preopening costs seasonal sales cycle some corporate cogs ownership sg&a larger store format sss growth heavy soft goods/apparel similar target market general merchandiser revenue heavy urban presence corporate built and owned sg&a effective marketing larger store format sss growth large inventory national footprint seasonal sales cycle smaller store format revenue strong apparel analog national footprint sg&a effective marketing sss growth selection justification pros cons applies to… similar target market specialty pet retailer initial investment heavy urban presence smaller stores inventory, cogs, leasing model national footprint sg&a, sss growth, rollout similar target market specialty business retailer initial investment heavy urban presence smaller stores cogs, sg&a leasing model international footprint heavy urban presence electronics merchandiser inventory turnover large inventory international footprint days payable leasing model aggregation sports specialty electronics department home general apparel footwear medianincome statementsales growth (cagr) 2% 3% 4% 0. Most basically defined, it is written description of what you plan to do with your business, and how you plan to do it.

Goods retail store business uchtig will sell the latest and most popular name-brand sporting goods, apparel, and accessories. Now that you’ve decided on your niche market and store location, the next step is stock your inventory so that you can start selling and turning a on what lines you’d like to carry.

This assumption appears to be accurate given the fact that the sporting goods wholesale industry is growing at an 11. Revenue assumptionsstore size (sf)average sales/sf (at maturity) 40,000 case assumptions; primary roy cohen svp gmm sports authority 233 median big 5, cabelas, gander, hibbett, target, kohls, gap key unit revenue growth driversaverage sales/sf (initial) 164 worked back from mature same store sales/sf • change in mix of hard lines and softsales growth rateyear 2 primary roy cohen svp gmm sports authority, troy mundahl 35.

This growth forecast is based on the assumption that the company acts on these key opportunities:redesign, upgrade and marketing of the internet ting the existing retail additional product lines for sports played in other seasons than baseball/on of an outside sales team to gain a significant share of the team sales zation of inventory purchasing, management and will plan to relocate the business near the end of year 1 which should help position us for increased retail sales beginning in year 2. Besides other business, take some time to get a sense of what kinds of sports, hobbies, or activities are already popular or have the potential to become popular in your you live nearby natural parks or preserves, outdoor activities like hiking or kayaking might be popular pastimes with a lucrative your town is installing more bicycle lines and paths, there might be increased interest and demand for bicycle equipment.

Tampa metro population 4 million • florida state population 20 milliona market • $1,321 million florida sales for sporting good stores per u. Source – primary research with roy cohen, svp & general merchandise manager at the sports authority (1980s), big five sporting s-1, and primary research with troy mundahl, manager at erik’s bike shop.

This segment frequently shops at specialty stores located in mall areas, and can easily be reached through the internet, as well as through various events and magazines. The financial forecast provides a month-to-month analysis of the sporting goods store and shows how the owners will increase sales by expanding their existing location and developing a more lucrative internet sales plan includes detailed 12-month and 3-year financial forecasts for sales, profit and loss, cash flow, and balance sheet, with e marketing strategy ecommerce search engine optimization content email marketing social network marketing and blogs reporting and analysis traditional marketing strategy merchandising, cross-selling, and up-selling discounts loyalty programs in-store events development requirements extensive milestones chart product analysis based on industry sales projections competitive pricing analysis customer population and demographics market analysis for the apparel and sporting goods industries market segmentation analysis competitive analysis for regional and internet competition competitive edge target customer buying patterns financial forecasts personnel plan sales strategy and forecasting break even analysis profit and loss forecast cash flow forecast balance sheet forecast important business ratios breakdown, such as return on equity and net worth complete explanations of each section, including sporting goods store business plan is an indispensable guide to launching and operating a successful sporting goods jason horsleyi would actually like to take the time to thank you.

Goods retail store business purpose of this business plan is to secure a seven-hundred thousand dollar ($700,000 to $800,000) conventional business loan from a financial institution in order to purchase the assets of the business known as sportsuchtig. Eriks, christopher perrigo target • adding new categories average big 5, cabelas, gander, hibbett, target, kohls, gap; • increased sales per sq ftmature same store 3.