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Hero s thrift_storeslides

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Hero s thrift_storeslides

  1. 1. Hero’sThriftStore<br />
  2. 2. This place is very unorganized. How can anybody shop here.<br />Thrift stores are flooded with messy unorganized stores.<br />These stores offer a poor experience and quality<br />Hard to tell the good from the from the bad<br />
  3. 3. We Keep It Clean and Simple<br />Our Solution: Excellent service and superior organization<br />Our Mission: understand what our customers' needs and hopes are after buying from the Hero's Thrift Store.<br />Vision: Organization to thrift stores<br />Values: Big harts, superior service<br />Strategy: Organize one item at a time<br />
  4. 4. The Industry<br />A shop that sells used articles, especially clothing, as to benefit a charitable organization.<br />The number of private sector thrifts supervised by OTS stood at 765 with assets of $941.7 billion at the end of 2009.<br />industry posted a profit of $505 million in the fourth quarter and essentially broke even for the year.<br />
  5. 5. The Market<br />There are more than 25,000 consignment, resale and thrift stores in the United States.<br />Society’s increasing awareness of the importance of reducing waste and recycling will influence the entire resale industry in a positive way.<br />According to America’s Research Group, approximately 16 - 18% of Americans will shop at a thrift store during a given year.<br />
  6. 6. The Competition<br />The Goodwill- Strong customer base with strong reputable name.<br />The Salvation Army- recognizable name with a great cause.<br />Thrift Mart- Huge store with a verity of products.<br />
  7. 7. Business Model<br />Provide an organized alternative to other thrift store shoppers.<br />Hero's Thrift Store will maintain our service and balance while delivering a quality product to our customers.<br />We encourage our customers to help our cause and support injured firefighters and police officers.<br />Provide a excellent product at a low fixed price that will beat the competition. <br />
  8. 8. Start Up Cost<br />All cost will vary with sponsorships and donations, but a rough estimate:<br />Startup Expenses: $10,000<br />Startup Assets: $5,500 with many donations<br />Cash for Recurring Costs:$3,600<br />Total Startup Costs:$19,100<br />
  9. 9. Income Statement years 1 to 3<br />
  10. 10. Sales forecast<br />Sales are expected to increase by 10 to 15% by year two<br />Net profit of $47,000 in the first year of opening. <br />Start up cost of about $20,000 will be paid in about 5 years with an interest rate of 6.5%<br />
  11. 11. Summary of Balance Sheet<br />
  12. 12. Milestones and Call to Action<br />Milestones:<br />Open Jan. 1st 2012<br />Have 3 or more sponsorships with retail stores<br />Web available sales by March 2012<br />Call To Action:<br />Face book and Twitter page<br />Weekly blogs to go with news letter<br />eBay and ioffer.com online stores operating<br />

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