Boutique Business Plan in Nigeria – Feasibility Study Sample for Clothing Business
Boutique Business Plan in Nigeria – The following report and recommendation relate to the proposal of Ijekpoms authentic Boutique to establish a boutique at Main Market, Enugu State.
The project would require a start up capital of 1,334,000, made of N450,000 for fixed assets and N1069000 for working capital.
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The boutique’s vision is to be the most outstanding boutique in Enugu by presenting the latest designs of cloth.
To place order for this boutique business plan in Nigeria and feasibility study, Pay N10,000 to:
BANK NAME: GUARANTY TRUST BANK (GTB)
ACCOUNT NAME: CHIBUZOR TOCHI ONYEMENAM
ACCOUNT NUMBER: 0044056891
After payment, send the following details via text to 07033378184.
Depositors Name
Your email address
The title of the business plan you paid for (i.e. boutique business plan pdf)
The boutique will be located in one of the stores in Main Market, Enugu because of its easy access to target market from that location.
The financial projections show that the project/boutique would be financially stable and liquid by the time it matures. The sales figure for the first year stand at N1,650,000, year 2 N2,129000 and year 3 at N3,000,000.
Also the profit after tax are N656,190, N650,700 and N1,513,800 respectively.
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- The competitive edge of the boutique lies in its ability to produce and buy goods and quality clothes, wrist watch, shoes and bags which is got both internally and externally ie. Through importation especially.
- The Profitability Measures are as Shown below:
Year 1 | Year 2 | Years 3 | |
Turnover
Profit before Int & Tax Profit after tax |
1,650,000
766,000 656,190 |
650,700
1079,000 650,700 |
1,513,800
1860000 1,513,800 |
CONCLUSIONS
From the point of view of my analysis and findings, the proposed boutique is found to be technically feasible, financially viable and economically desirable. Thus, the boutique project offers good investment benefits and is therefore highly recommended for implementation.
BACKGROUND
- Introduction
Ijekpoms Authentic boutique is a boutique to be located in Enugu. The project is born as a result of strong need assessment study undertaken in Enugu . The study reveals that the demand for high classic fashion wears and designers because of influx of expatriates and oil workers to the big heart city.
2.1 Vision
To be the most outstanding boutique in Enugu by presenting the latest designs of cloth.
2.2 Mission
To present the latest design of cloth from around the world.
2.3 Key Success Factors
The key success factors for my boutique:
- The supply of the latest design of cloth from Dubai and London.
- The existence of reliable market outlet.
- The supply of latest design of Rolex watch from Italy.
- A good road network for the accessibility
- The supply of the latest design of bags and shoes from Italy and around the world.
- Inherent Risks
- There is currently lean resource to contain the expansion of the boutique to other area.
- The implementation of this project may attract more entrants to the business.
- The problem of creating adequate awareness. There are adequate plans to checkmate these risks.
2.5 Business Ownership
The business is a sole proprietorship which will be wholly owned and managed by Miss Ijeoma Okoli
2.6 Location Factors
The Ijekpoms Authentic Boutique will be located in one of the stores in Main Market in Enugu State. What informed the choices of this location are:
To get the full business plan on the boutique business plan in Nigeria + feasibility study, pay N10,000 to:
BANK NAME: GUARANTY TRUST BANK (GTB)
ACCOUNT NAME: CHIBUZOR TOCHI ONYEMENAM
ACCOUNT NUMBER: 0044056891
OR
BANK NAME: FIRST BANK PLC
ACCOUNT NAME: CHIBUZOR TOCHI ONYEMENAM
ACCOUNT NUMBER: 3066880122
After payment, send your name, email address and title of business plan (i.e. boutique business plan pdf) via text to 07033378184. Your business plan will be sent to your email within 10 minutes after payment. Thank you.
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