Debra J. Lawrence
LA6525017
Management 190-SP
Entrepreneurship
Business Plan
BUSINESS PLAN
Buster’s Retail Store
1501 Maple St
P.O. Box 2534
Tacoma, Washington 98453
* INTRODUCTION * DESCRIPTION * PURPOSE * OWNER/EMPLOYEES * FINANCIALS * SALES FORCAST * PRO FORMA STATEMENT * MARKETING * OPERATIONS * LEGAL/SUNDRY * MAJOR CHALLENGES
Introduction and brief description of the venture
a. Buster’s is currently a small store operating in the lobby of the Sparks Building, a large office building, located at 15th and Maple in downtown Tacoma, Washington. Buster’s occupy 1,000 sq ft on the first floor
b. Our vision for Buster’s is to ultimately expand to a chain of
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e. The current employees will be compensated at $12.00 - $15.50 per hour. The new full-time employees will be compensated at $9.00 per and the part-time employee will receive $8.00 per hour. All full-time employees will receive additional benefits (health insurance, workers compensation, cafeteria and life insurance.) Wage adjustments are anticipated to be about 4% per year
Financials
Research indicates that the revenue requirements to add an additional store come to $250,000, which is largely single time fees associated with opening the store. These costs are financed through owner personal financing, private investors and loans from the SBA. It should be noted that we expect to be operating at a loss for the first six months before advertising begins to take effect and draw in customers.
Buster’s will be receiving periodic inflow of cash to cover operating expenses during the upcoming two years in order to sustain profitability. Most of this funding has been arranged through lending institutions and private investors. No anticipation of cash flow problems is expected during the next three years.
Sales Forecasts
Buster’s expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years.
Pro Forma Income Statement: | | | | | | | | | | | | | | | | | Pro-Forma Income Statement | | | Buster's, Inc. | | | |
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After weighing the strengths and weaknesses it seems as though the future outlook for Dave and Busters is good. Dave and Busters has tripled its store base in 3 years and will double its base to 30 stores in the next 24 months. Sales and earnings are growing at over 30% annually for this well-run, debt free company. Although, the stock has been beaten up severely as of late with thoughts of recession being bantered about but, once there, you realize people will return here on a regular basis through thick and thin.
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