This is a sports memorabilia sample business plan for the collectible sports store Jerseys R US. Jerseys R US is based in Massachusetts and sells famous player football, baseball and cycling jerseys. The business is being purchased by Phil Garment, a passionate sports fan who has previous experience of working in sports marketing. This sports memorabilia business plan outlines how Phil Garment intends to turn Jerseys R US into a profitable business within a year. An investment made by the new owner will maintain cash flow during the transition of ownership and the first few months of trading. The mission statement of Jerseys R US is to become the leading supplier of collectible jerseys, by offering a comprehensive catalogue of jerseys at affordable prices, accompanied by excellent customer service.
Jerseys R Us (Jerseys) is a Massachusetts-based collectible sports jersey store. Jerseys focuses on offering famous player baseball, football and cycling jerseys. Jerseys is an existing business that is being purchased by Phil Garment. Jerseys will reach profitability by the end of year one and will modestly generate profits for future years.
The sports collectible market is huge, particularly for sport jerseys. The ages of collectors ranges from young kids to grown adults. With the growing popularity of eBay, sport collectible trading has become even more popular with a much more open market. Jerseys has segmented the market into two niches, children and adults. In general the children are most interested in the baseball and football jerseys with the adults showing primary interest in all three.
Jerseys R Us has recognized three keys to success that will be instrumental. The first is having a comprehensive inventory. This will serve as an attraction to get many people browsing the store for what is for sale. The second key is to listen to customers. Having an active feedback loop will be essential for Jerseys to exceed customer expectations. The last key to success will be to implement and adhere to strict financial controls.
Jerseys' competitive edge of inventory will be leveraged to quickly grow sales. The inventory is an advantage for two reasons. First, it is very comprehensive, much more so than its competitors. Second, having a constant turnover of inventory will also be effective in increasing the times that an individual customer will come back to Jerseys to check up on any new products.
Jerseys R Us is owned and led by Phil Garment. Phil is a lifelong sports fanatic. He is passionate about sports which is clear just from speaking with him. After receiving his undergrad degree, Phil went to work for a leading sports marketing firm where he developed an incredible web of networking contacts. These contacts are instrumental in getting access to rare, hard to find jerseys. Phil also received great project management skills from the experience. To bolster this work experience, Phil studied for an MBA, providing him with the requisite skills for running a business.
It is Jerseys R Us' mission to be the premier jersey collectible store. This will be accomplished by offering a wide selection of fair-priced jerseys and ensuring complete customer satisfaction.
1.2 Keys to Success
Having a comprehensive, worthwhile inventory.
Listening to customer feedback.
Follow strict financial controls.
To be the premier sports jersey collectible store in the Mappleton area.
Have constant turnover of inventory encouraging customers to come in often.
Be known for excellent customer service.
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