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Hobby Store Business Plan

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Hobby Store Business Plan

Owner: Alexander Engarto
R/C hobby
232 West Main Street
Moorestown, PA 08057
908596080
Alex08865@yahoo.com

I. Table of Contents

I. Table of contents…………………………………………………………………….2 II. Executive Summary…………………………………………………………………..3 III. General Company Description………………………………………………………..4 IV. Products and Services…………………………………………………………………5 V. Marketing Plan………………………………………………………………………..6 VI. Operational Plan………………………………………………………………………8 VII. Management and Organization……………………………………………………….9 VIII. Personal Financial Statement……………………………………………………..…10

II. Executive Summary

The purpose of this business plan is to raise enough money to open and run a …show more content…

* Some barriers the business will face are high initial costs to stock the entire store and build a race track for organized events, shipping costs to ship all of the product from the manufacturer to the store. * These barriers could be overcome by striking deals with manufacturers for buy products in bulk for lower prices and lower shipping prices.
Customers
The customers the store wants to attract range from young children to older adults. The store will stock something for all age groups for males and females, but the main target customer would most likely be young to middle-aged male adults that are interested in racing r/c cars and trucks on a weekly basis at the track the shop will provide. These customers will keep coming back and stay interested in what the hobby shop is going to focus on, which is r/c cars and trucks of all scales. The location of the store is a fine place for attracting this target customer and people from all around to use the dirt track that will be built, because few other stores will have one.
The store will also stock products in all different price ranges in attempt to allow people of all income levels to enjoy the hobby. Certain products will be eligible for payment plans as well. Competition
The main competition that R/C Hobby will have to deal with won’t be other stores in the area, but online websites that can sell name brand products at low

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