Free Pet Store Business Plan
For Raising Capital from Investors, Banks, or Grant Companies!
Please note that the financials
in this complete free business plan are completely fictitious and may not
match the text of the business plan below. This free business plan demonstration
purposes only. If you are interested in purchasing the completed editable MS Word
and Excel documents for this business plan, please click the button below! Also,
the text of the business plan is formatted with a fully automated
table of contents.
It should be noted that there is no special software required to use these
templates. All business plans come in Microsoft Word and Microsoft Excel format.
Each business plan features:
- Excecutive Summary
- Company and Financing Summary
- Products and Services Overview
- Strategic Analysis with current research!
- Marketing Plan
- Personnel Plan
- 3 Year Advanced Financial Plan
- Expanded Financial Plan with Monthly Financials
- FREE 30 Page Sample Private Placement Memorandum
- FREE PowerPoint Presentation for Banks, Investors,
or Grant Companies!
1.0 Executive Summary
The purpose of this business plan is to raise $100,000 for the development of a pet store while showcasing the expected financials and operations over the next three years. The Pet Store , Inc. (“the Company”) is a New York based corporation that will provide sales of pet supplies, sale of animals, and dog grooming services to customers in its targeted market. The Company was founded in John Doe.
1.1 Products and Services
As stated above, the Company will have three primary revenue streams. The foremost source of revenue will come from the sale of pet food, pet toys, and supplies related to the care and enjoyment of pets. The Company will earn significant gross margins on each dollar of income generated from this segment of the business. The secondary revenue stream for the Pet Store will come from grooming services, which will be provided on site. The margins associated with this revenue center are very high as this is a service being provided to customers. The final revenue source will come from the direct sale of live animals to the general public. The Company will comply with all state and municipal laws regarding the sale of live animals while concurrently ensuring the safe and humane handling of the pets while they are in the care of the Pet Store. The third section of the business plan will further describe the services offered by the Pet Store.
1.2 The Financing
Mr. Doe is seeking to raise $100,000 from as a bank loan. The interest rate and loan agreement are to be further discussed during negotiation. This business plan assumes that the business will receive a 10 year loan with a 9% fixed interest rate.
1.3 Mission Statement
The Pet Store’s mission is to become the recognized leader in its targeted market for providing in demand pet supplies, dog grooming services, and sales of animals.
1.4 Mangement Team
The Company was founded by John Doe. Mr. Doe has more than 10 years of experience in the retail pet store management industry. Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations.
1.5 Sales Forecasts
Mr. Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years.
1.6 Expansion Plan
The Founder expects that the business will aggressively expand during the first three years of operation. Mr. Doe intends to implement marketing campaigns that will effectively target individuals within the target market.
2.0 Company and Financing Summary
2.1 Registered Name and Corporate Structure
Pet Store, Inc. The Company is registered as a corporation in the State of New York.
2.2 Required Funds
At this time, the Pet Store requires $100,000 of debt funds. Below is a breakdown of how these funds will be used:
2.3 Investor Equity
Mr. Doe is not seeking an investment from a third party at this time.
2.4 Management Equity
John Doe owns 100% of the Pet Store, Inc.
2.5 Exit Strategy
If the business is very successful, Mr. Doe may seek to sell the business to a third party for a significant earnings multiple. Most likely, the Company will hire a qualified business broker to sell the business on behalf of the Pet Store. Based on historical numbers, the business could fetch a sales premium of up to 4 times earnings.
3.0 Products and Services
Below is a description of the products and services offered by the Pet Store.
3.1 Sales of Pet Supplies
The primary revenue generator for the Pet Store will be the sale of pet food, pet toys, fish tanks, and fish tank supplies. Management expects that income from these sales will generate gross margins of 70%. At the onset of operations, the business will have an inventory of approximately $15,000 of pet supplies and related items. Management is currently sourcing a number of vendors that will continually supply the business with in demand pet supplies for the Pet Store.
3.2 Dog Grooming Services
Dog grooming services will consist of approximately 1/4 of the revenues generated by the business from the onset of operations. Management intends to charge $30 per grooming session. This is an extremely important revenue source for the Company because the gross margins of each dollar of sales generated provides approximately 90 cents of operating income for the business.
4.0 Strategic and Market Analysis
4.1 Economic Outlook
This section of the analysis will detail the economic climate, the pet store and pet supply industry, the customer profile, and the competition that the business will face as it progresses through its business operations. Currently, the economic market condition in the United States is in recession. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows. Many economists expect that this recession will continue until mid-2010, at which point the economy will begin a prolonged recovery period. However, Pet Store’s tend to operate with significant economic stability as people will continue to purchase food and related supplies for their animals despite deleterious changes in the economy.
4.2 Industry Analysis
The pet and pet care supplies industry, which generates in excess of $8 billion dollars per year and employs more than 73,000 people. Each year theses businesses aggregately provide more than $1 billion dollars of payrolls to the US economy. The growth of the industry has remained on par with that of the general economy. The pet store and related service market is a mature industry, and Management expects that continued growth of the industry mirror that of the US economy in general. However, there has been a shift in the culture in the United States to have a career before starting a family. As such, demand for pets and pet supplies have been on the rise as people are now waiting until their 30’s to have children. Animals (mainly dogs) have been purchased as a surrogate for parental desires. In turn, the growth of the industry may actually exceed that of the general economy if this trend continues.
4.3 Customer Profile
In this section of the analysis, you should describe the type of customer you are seeking to acquire. These traits include income size, type of business/occupation; how far away from your business is to your customer, and what the customer is looking for. In this section, you can also put demographic information about your target market including population size, income demographics, level of education, etc.
4.4 Competitive Analysis
This is one of the sections of the business plan that you must write completely on your own. The key to writing a strong competitive analysis is that you do your research on the local competition. Find out who your competitors are by searching online directories and searching in your local Yellow Pages. If there are a number of competitors in the same industry (meaning that it is not feasible to describe each one) then showcase the number of businesses that compete with you, and why your business will provide customers with service/products that are of better quality or less expensive than your competition.
5.0 Marketing Plan
The Pet Store intends to maintain an extensive marketing campaign that will ensure maximum visibility for the business in its targeted market. Below is an overview of the marketing strategies and objectives of the Pet Store.
5.1 Marketing Objectives
• Establish relationships with veterinarians within the targeted market.
• Implement a local campaign with the Company’s targeted market via the use of flyers, local newspaper advertisements, and word of mouth.
• Develop an online presence by developing a website and placing the Company’s name and contact information with online directories.
5.2 Marketing Strategies
Mr. Doe intends on using a number of marketing strategies that will allow the Pet Store to easily target men and women within the target market. These strategies include traditional print advertisements and ads placed on search engines on the Internet. Below is a description of how the business intends to market its services to the general public. The Pet Store will also use an internet based strategy. This is very important as many people seeking local services, such as pet stores, now the Internet to conduct their preliminary searches. Mr. Doe will register the Pet Store with online portals so that potential customers can easily reach the business. The Company will also develop its own online website showcasing the Company’s location, its services, its inventory, and relevant contact information. The Company will maintain a sizable amount of print and traditional advertising methods within local markets to promote the pet supplies, pet grooming, and live animals that the Company is selling.
In this section, describe the pricing of your services and products. You should provide as much information as possible about your pricing as possible in this section. However, if you have hundreds of items, condense your product list categorically. This section of the business plan should not span more than 1 page.
6.0 Organizational Plan and Personnel Summary
6.1 Corporate Organization
6.2 Organizational Budget
6.3 Management Biographies
In this section of the business plan, you should write a two to four paragraph biography
about your work experience, your education, and your skill set. For each owner or
key employee, you should provide a brief biography in this section.
7.0 Financial Plan
7.1 Underlying Assumptions
• The Pet Store will have an annual revenue growth rate of 16% per year.
• The Owner will acquire $100,000 of debt funds to develop the business.
• The loan will have a 10 year term with a 9% interest rate.
7.2 Sensitivity Analysis
In the event of an economic downturn, the business may have a decline in its revenues. However, pet supplies are in demand regardless of the general economy as people will continue to feed their animals despite deleterious economic conditions. As such, the business will be able to remain profitable from its food and supplies revenue center despite declines in grooming services and sales of pets.
7.3 Source of Funds
7.4 General Assumptions
7.5 Profit and Loss Statements
7.6 Cash Flow Analysis
7.7 Balance Sheet
7.8 General Assumptions
7.9 Business Ratios
Expanded Profit and Loss Statements
Expanded Cash Flow Analysis