I need help.
Funding Request
Need to rewrite funding request adding in the following.
· $750 Register Business
· $1200 Legal expenses obtaining license and permits
· $3500 Grand opening/ 2000 flyers (4 cents)
· $2400 Insurance
· $1500 Payroll software
· $35,600 Rent 1yr 1.76 p/sq ft
· $25,000 Remodel
· $500 Startup expenses
· $2500 Phone/Utility
· $30,000 Operational cost 3 months
· $12,500 Startup inventory
· $3720 Storage hardware (Bins, utensil racks, Ash trays, etc.)
· $6000 Counter equipment
· $3150 Cash register, security, ventilation, and Signage
· $600 Website
· $2500 Miscellaneous
Industrial Overview
Need to rewrite what research shows why consumers would buy these products.
International Smoke Shop
BUSINESS PLAN
Prepared by:
Jordan Slade
179 Roasted Nut Ln
Smithfield, North Carolina 27577
6183342051
jordnfs87@gmail.com
I. EXECUTIVE SUMMARY
International Smoke Shop (referred to from hereon in as the “Company”) is intended to be established as a C-corporation at
179 Roasted Nut Ln, Smithfield, North Carolina 27577 with the expectation of rapid expansion in the high-end smoke shop
industry. The Company solicits financial backing in order to be able to introduce its new product (described below).
Business Description
The Company shall be formed as C-corporation under North Carolina state laws and headed by Jordan Slade.
I have been mentored into business 10years ago by a colleague and manager from Ford. I sat on Ford Customer Service
Committee for 1yr at Ford dealership in Jamestown, ND. I’m currently enrolling into a transferrable program for Business
Management at NC State. Im a survivor of a MVR 2-28-17,. That left me with a severe TBI that also caused 2 strokes. I’m
alive to change the world. One business at a time. Exactly how I relearned how to walk and talk.
Business Mission
To creating a peaceful atmosphere in local community. Where goods/products can be purchased.
Product
The Company’s primary product will be Smoke accessories: Hand blown glass pieces, bags, scales, vape products, fine
cigars, cigarettes, energy drinks, clothing, bags/purses
There will be a multitude of products sold.
All products sold will have come directly from West Coast businesses. Made and manufactured in U.S. Except Tobacco and
Energy drinks.
Funding Request
The Company requests a total loan of $90,000.00 over the course of 48 months, to be used for the following purposes:
Licensing/permits. To purchase store and make alterations where needed to meet code standards. To purchase necessary
items for product placement. Point of sale system. Insurance policies. Initial utility setup costs for first 1-3 months. To
purchase an alarm system/cameras. To purchase cooler for energy drinks. To purchase a staging area 20x20ft. To host
community comedians or bands/artists.
Purpose Loan Amount
Marketing $3,500.00
Staffing $10,000.00
Initial hiring background checks, etc. $500.00
Long-term debt payment is a key feature of the Company’s financial plan. We expect to break even within a two years
operation if not less time period following the introduction of our product. Financial predictions suggest a minimum 100%%
return on investment by the conclusion of the financing period.
II. BUSINESS SUMMARY
Industry Overview
In the United States, the high-end smoke shop industry presently makes 312,000 dollars in sales.
Cigarettes are anticipated to dominate the market segment and hold the largest revenue shares of the market, about 38.54%
in the forecast year by 2026.
Research shows that consumers in this industry primarily focus on the following factors when making purchasing decisions:
Cigar markets:
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