2. 229 DAVIS ROAD PLAZA
- Space needed/available 2,950 SF
- Rental rate is $295 a month and 3,540 in a year
3. PAINT IT BLACK
From the Spectrum will provide clothes, shoes, and jewelry. We will have a manager, a cashier,
and a design specialist.
What we will need?
Fabric
Trim
Label's
Website
Manufacturer
Workers
4. PAINT IT BLACK
Sole Proprietorship- This business will be sole proprietorship because I want to be
able to make all decisions concerning my company. Also it allows me to open my
business quickly and with ease. I will not have to pay business taxes only income
taxes. This also allows me to not worry about a partner or anything else of that
nature.
5. Category 1 Category 2 Category 3 Category 4
Series 1
6,910
1,560
710
510
310
110
50
10
0
Capital Goods- equipment, building, and tools cost is 6,910
Land- cotton, and wildlife, for fabric cost is 1,560
Workers- Labor cost is 710
Inventory- ordered once a week form the Mart, this includes clothes, shoes, and jewelry cost is 735
Start Up Capital- This will come from savings from a previous job
6. PAINT IT BLACK
I will need to have a business license
Fees
- $19 registration fee
- $5 trade name registration
- $40 per location of shops
Insurance
- Industrial insurance for more than one person hired.
- unemployment Insurance
Taxes
- Income taxes
- Self-Employment Taxes
- Employment Tax
- Sales and Exercise Tax
7. PAINT IT BLACK
Demographics
- 14,072 Men
- 16,406 Women
Target Market is women, and teenage girls
Competition is monopolistic every boutique is selling the same thing but they are not
all identical products. I believe Buyers will choose my store, because the clothes are
the same quality but less expensive, but I still make profit from the sales.
