GCSE Business Studies - Starting a Business - Business Plan - Sporting Glory

707 Words 3 Pages
GCSE Business Studies - Starting a Business - Business Plan - Sporting Glory

Business Plan

a) Name: Sporting Glory

b) Address: High Street, Sutton, Surrey.

c) Limited Company/Partnership/Sole Trader: Sole Trader - Will go public (PLC) if business is successful.

d) What does your business do? The business will sell quality affordable sports clothes and equipment through a retail store.

e) Date you started trading: The business will start trading early 2003, depending on how quickly the business is set up.

f) Aims: To sell quality sports clothes equipment that is affordable, covering a wide range of sports and customers needs.

g) Products/Services offered: The business will
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The estimated costs above for setting up the business result in having an estimated £18,000 left over from the total £60,000 investment. This can then be used to buy more stock when required, advertising, hiring staff etc. The stock will be mainly supplied directly from the manufacturers themselves such as Nike, Adidas, Umbro, Reebok, Fila, Kappa, Diadora etc.

m) Premises and Equipment:

The location of the business will be in a retail store situated in the high street of Sutton in Surrey. The shop will have machinery such as cash registers, security devices (cameras burglar alarms etc.), smoke alarms, computers to check stock availability etc. Most of the equipment will not need to be the latest and most expensive devices as the store involved will only be a small one.

n) Profit: All the profit will go to the owner and businessperson Murtuza Husain (myself). The estimated cost of setting up the business is around £42,000. Therefore the income received from the business after this amount will be the profit. An estimated monthly turnover would be: £3000 which would result in time period of

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