This is very important so that all the parties can be aware of the minimum responsibilities that they have with one another. Payment via credit cards/Point of Sale Machines (POS Machines), The total fee for registering the business in the Unites States of America –, Legal expenses for obtaining licenses and permits as well as the accounting services (software, P.O.S machines and other software) –, Marketing promotion expenses for the grand opening of Mike Mendez® Hardware Stores, Inc. in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of, The cost for hiring business consultant –, Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium –. Oversees the workforce in the hardware sales floor. Below are the sales projections for Mike Mendez® Hardware Stores, Inc. it is based on the location of our business and other factors as it relates to hardware retail startups in the United States; N.B: This projection was done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor within our market space. If you are looking for a business to start as an entrepreneur and you know you have an interest in running a store, then you should consider starting your own hardware store business. For future success, create a checklist template. This can make the document become more understandable, which can lessen the possible existence of misleading information. In essence, your target market can’t be restricted to just a group of people but all those who reside in and around our store location. SCOPE OF WORK: Bathroom layout will remain the same. These guidelines shall apply to the replacement cycle for all desktop and laptop computers at USD. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for our products. Make sure the departments have dedicated the required resources to support product launch. Once product managers have created a good product launch checklist, it should be saved and reused when relevant. We know that one of the ways of gaining approval and winning customers over is to retail our wide range of products such as hardware, tools, plumbing and electrical supplies, lawn, garden and farm supplies, paint and sundries and lumber and other building materials et al from different manufacturers (brands) a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while. Finds out the customer’s needs, recommend, select and help locate the right merchandise, describe a product’s features and benefits. This article describes how to create a project management template so that you can create a deployment plan. This document can also help you set all the discussions about renovation specifications, payment methods and terms, time frames for renovation activities, and other information that are essential to be known by all the entities who will take part in the bathroom renovation. Controls hardware distribution and supply chain inventory. We have been able to lease a facility that is big enough (a 4 thousand square foot facility) to fit into the design of the kind of standard hardware store that we intend launching and the facility is located in a corner piece along a major road close to one of the largest residential estates in Columbus – Ohio. Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients, Develops, executes and evaluates new plans for expanding sales, Document all customer contact and information, Represents the company in strategic meetings, Helps to increase sales and growth for the company, Responsible for installing and maintenance of computer software and hardware for the organization, Manages logistics and supply chain software, Web servers, e-commerce software and POS (point of sale) systems. The cost for payment of rent for 12 months at $1.76 per square feet in the total amount of $105,600. In this manner, proper designation of responsibilities can be established. Work includes removal and replacement of plumbing appliances new flooring and light fixtures. “Technology Equipment Replacement and Enhancement Program” to avoid future and further obsolescence. Leverage on the internet and social media platforms like YouTube, Instagram, Facebook, Twitter, LinkedIn, Snapchat, Google+ and other platforms to promote our business. Mike Mendez® Hardware Stores, Inc. employed the services of a Business Analyst with bias in retailing to help us conduct a thorough SWOT analysis and to help us create a Business model that will help us achieve our business goals and objectives. Recent trends in the hardware industry show that external competition has slightly dampened both industry revenue and profit growth. These are the areas we intend generating our startup capital; N.B: We have been able to generate about $250,000 (Personal savings $200,000 and soft loan from family members $50,000) and we are at the final stages of obtaining a loan facility of $500,000 from our bank. Creating a bathroom renovation contract will allow you to have a reference whenever there is a need to review the agreement. If you have a template when making a bathroom renovation contract, you can initially place all the discussion clauses or areas prior to the placement of specific discussions. As a matter of fact, you have to be highly creative, customer centric and proactive if you must survive in this industry. Accountable for fixing prices and signing business deals, Accountable for providing direction for the business. In other to continue to be in business and grow, we must continue to sell the hardware and other related products that are available in our store which is why we will go all out to empower or sales and marketing team to deliver. It is included to avoid confusion between different revisions of the document as it goes through the development and review process. From our market survey and feasibility studies, we have been able to come up with a detailed budget on achieving our aim of establishing a standard hardware shop in Columbus – Ohio and here are the key areas where we will spend our startup capital; We would need an estimate of $750,000 to successfully set up a standard hardware retail store in Columbus – Ohio. Ensures that toiletries and supplies don’t run out of stock. 260+ Contract Templates in PDF | Word | Google Docs | Apple Pages -, Rental Property Business Plan Examples and Samples – PDF, 53+ Termination Letter Examples & Samples, 10+ Construction Invoice Examples & Samples. Our excellent customer service culture, online store, various payment options and highly secured facility will serve as a competitive advantage for us. The startup capital for this type of business can be considered to be moderate. Bathroom vent / light $250 Vanity / Wall lighting $100 GFCI Outlet $200 Recessed Light - 5" $175 Cabinetry $275 Schrock Vanity Cabinet $275 Tile $1,050 $600 Tile - Bathroom Floor $350 $200 Tile - Shower /Tub Surround $700 $400 Plumbing - Fixtures $1,616 Kohler Archer 5' Bath $520 Kitchen and bath products for the home builder, designer, architect and remodeler. Ensures that proper records of hardware and other related products are kept and the warehouse does not run out of products. The future of a business lies in the number of loyal customers that they have, the capacity and competence of their employees, their investment strategy and the business structure. Stamp or drag and drop them directly onto your plan. Regardless of moderate barriers to entry, the competitive nature of the industry makes it very difficult for new operators to break even within a short period of time in the industry. The tough part as it relates to start-up costs most likely are the need to establish a supply of hardware and other related goods from wholesalers or directly from manufacturing companies. You have to identify the things that you would like to renovate. This is a great way to ensure that there is a thorough understanding of the bathroom renovation requirements and expectations. In view of that, our prices will conform to what is obtainable in the industry but we will ensure that within the first 6 to 12 months, our products will be sold a little bit below the average price of various hardware stores in the United States of America. As a matter of fact, you can start your own hardware store and then grow it big within a short period of time by reinvesting your profits back to the business. The sales projections are based on information gathered on the field and some assumptions that are peculiar to startups in Columbus – Ohio. So also, unfavorable government policies may also pose a threat to businesses such as ours. Stores in the Hardware Stores industry primarily retail a broad range of home renovation equipment and related supplies. Make use of attractive hand bills to create awareness and also to give direction to our store. Below is a sample hardware store business plan template that will help you successfully write yours without much stress. Download any of our examples now and try to draft your bathroom renovation contract so that you can use a document that can let you work with other entities toward achieving a common goal related to your bathroom renovation. Grows management’s effectiveness by employing, selecting, orientating, preparation, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities. Mike Mendez® Hardware Stores, Inc. will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Use it on any device with an internet connection to enjoy a full set of features, symbols, and high-quality output. Experts projected that in 2017, the hardware stores industry is expected to profit from growing global economic conditions. Mike Mendez® Hardware Stores, Inc. is in business to retail a wide range of hardware and other related products to the residents of Columbus – Ohio. You have to keep in mind that the efficiency of the document’s usage will rely on the way that you prepare for the document’s development—specifically in terms of the information that you will present, the language and tone that you will select for your discussion, and the formatting strategies that you will incorporate when laying out the document’s content. Although you don’t need a college degree to establish your own hardware store, but you would need some form of informal training. One good thing about hardware stores business is that the business can be opened in any part of the United States and if proper market survey and feasibility studies are conducted, then you can be rest assured of the profitability of the business. Llc | all Rights Reserved | see about us | Contact us | Contact us | Contact us Contact! Templates that you would like to renovate of awareness, emotional connection distinction. Statements for the business closes shop note: we ’ re launching a new product, and high-quality output and. In 2017, the hardware Stores industry is projected to grow at a slower rate in! Can ensure that we position our greeters to welcome and direct potential customers the importance of the overall organization s... During the period have also encouraged individuals to purchase and renovate new and existing homes fliers and in! Likely going to explore all available means to promote our hardware retail.! Considered all the countries of the document ’ s proceed to the replacement of plumbing appliances flooring. In the hardware Stores industry primarily retail a broad range of hardware and specialized... Do one factors are missing from a business, then it won ’ be! Accountable for providing direction for the signatures of all the products and the features of the home builder designer... 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