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Business Plan For Drake 's Western Outfitters

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Business Plan for Drake’s Western Outfitters OWNERS: Colton Drake Muhammad Thanvi Reina Cruz Damond Jackson Eduardo Camacho Drake’s Western Outfitters 14360 NE 23rd St Choctaw, OK, 73020 405-390-2201 405-390-2275 drakeswesternoutfitters@ gmail.com I. Table of Contents I. Table of Contents………………………………………………………………..2 II. Executive Summary……………………………………………………………..3 III. General Company Description………………………………………………….4 IV. Products and Services…………………………………………………………..7 V. Marketing Plan…………………………………………………………………..10 VI. Operational Plan………………………………………………………………...21 VII. Management and Organization………………………………………………… VIII. Personal Financial Statement…………………………………………………... IX. Startup Expenses and …show more content…

Drakes Western Outfitter will be a partnership comprised of five people, meaning that each person will have 20% ownership in the business. The five people in the partnership are Colton Drake, Muhammad Thanvi, Reina Cruz, Damond Jackson and Eduardo Camacho. Each person brings a unique set of skills to the business and therefore we decided to make a partnership to increase our profitability. As a brand new business starting out we are each investing $5,000 and will be applying for a SBA (7a) loan. The loan is going to be used to cover our startup cost, which will be explain in greater detail in Startup Expenses and Capitalization. The loan will make our business more profitable because it will allow us to advertise and purchase inventory, two very important aspects of a business. III. General Company Description Our business will be in the retail business for western apparel. We will be selling everything from head to toe western. To establish Drake’s Western Outfitters as premier western outfitter in the in the city of Choctaw while maintaining respect for the customers value. The following guidelines will help us measure the appropriateness of our decisions: • Provide a great work environment and treat our customers with dignity and respect. • Welcome diversity as a opportunity to grow. • Only sell the highest quality of

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