Hero s thrift_storeslides
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Hero s thrift_storeslides






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Hero s thrift_storeslides Hero s thrift_storeslides Presentation Transcript

  • Hero’sThriftStore
  • This place is very unorganized. How can anybody shop here.
    Thrift stores are flooded with messy unorganized stores.
    These stores offer a poor experience and quality
    Hard to tell the good from the from the bad
  • We Keep It Clean and Simple
    Our Solution: Excellent service and superior organization
    Our Mission: understand what our customers' needs and hopes are after buying from the Hero's Thrift Store.
    Vision: Organization to thrift stores
    Values: Big harts, superior service
    Strategy: Organize one item at a time
    View slide
  • The Industry
    A shop that sells used articles, especially clothing, as to benefit a charitable organization.
    The number of private sector thrifts supervised by OTS stood at 765 with assets of $941.7 billion at the end of 2009.
    Thrift earnings showed signs of stabilizing in 2009 as the
    industry posted a profit of $505 million in the fourth quarter and essentially broke even for the year.
    Office of Thrift Supervision / 2009 Fact Book
    View slide
  • The Market
    Today’s economy is helping the resale industry continue to grow at record rates. In fact, there are more than 25,000 consignment, resale and thrift stores in the United States.
    Society’s increasing awareness of the importance of reducing waste and recycling will influence the entire resale industry in a positive way.
    According to America’s Research Group, approximately 16 - 18% of Americans will shop at a thrift store during a given year.
  • The Competition
    The Goodwill- Strong customer base with strong reputable name.
    The Salvation Army- recognizable name with a great cause.
    Thrift Mart- Huge store with a verity of products.
  • Business Model
    Provide an organized alternative to other thrift store shoppers.
    Hero's Thrift Store will maintain our service and balance while delivering a quality product to our customers.
    We encourage our customers to help our cause and support injured firefighters and police officers.
    Provide a excellent product at a low fixed price that will beat the competition.
  • Start Up Cost
    All cost will vary with sponsorships and donations, but a rough estimate:
    Startup Expenses: $10,000
    Startup Assets: $5,500 with many donations
    Cash for Recurring Costs:$3,600
    Total Startup Costs:$19,100
  • Income Statement years 1 to 3
  • Sales forecast
    Sales are expected to increase by 10 to 15% by year two
    Net profit of $47,000 in the first year of opening.
    Start up cost of about $20,000 will be paid in about 5 years with an interest rate of 6.5%
  • Cash Flow Summary
  • Summary of Balance Sheet