Executive summary
Classic
boutique and fashion store will offer named brand, quality shoes, clothes and accessories
in an assortment of styles and sizes to make you look classic.
boutique and fashion store will offer named brand, quality shoes, clothes and accessories
in an assortment of styles and sizes to make you look classic.
Name and location of business
The
business will be named classic boutique/fashion store, and it will be located
by block 22, Road 4 Okola shopping complex, Ajah, Lagos. It is chosen because
it is a everyday market place, where people within and outside Ajah go for
shopping.
business will be named classic boutique/fashion store, and it will be located
by block 22, Road 4 Okola shopping complex, Ajah, Lagos. It is chosen because
it is a everyday market place, where people within and outside Ajah go for
shopping.
Mission statement
As the
name implies, it offers classic, quality, unique and affordable brand of
clothes and accessories for both adult and children, to meet the desire of our
distinguished customers.
name implies, it offers classic, quality, unique and affordable brand of
clothes and accessories for both adult and children, to meet the desire of our
distinguished customers.
Recommended fund
Classic
boutique requires 1.4 million debt funds. The breakdown of the usage:
boutique requires 1.4 million debt funds. The breakdown of the usage:
S/N.
|
Equipment
|
Unit price (
|
Quantity
|
Total (
|
1.
|
Store rent
|
56,000
|
1 (year)
|
600, 000
|
2.
|
Fan
|
3,500
|
2
|
7,000
|
3.
|
Air condition
|
50,000
|
1
|
50,000
|
4.
|
Shelve
|
10,000
|
3
|
30,000
|
5.
|
Table
|
4,000
|
1
|
4,000
|
6.
|
Executive chair
|
25,000
|
1
|
25,000
|
7.
|
Signboard
|
15,000
|
1
|
15,000
|
8.
|
Generator (Big)
|
55,000
|
1
|
55,000
|
9.
|
Painting/workmanship
|
15,000
|
2
|
15,000
|
10.
|
Television set
|
60,000
|
1 (32 inches)
|
60,000
|
11.
|
Receipt Booklet
|
2,500
|
2
|
5,000
|
12.
|
Cotton
|
1,500
|
1
|
1,500
|
13.
|
Customize Nylon
|
2,500
|
2
|
5,000
|
14.
|
Bulb
|
2,500
|
2
|
5,000
|
15.
|
Complementary card
|
3,000
|
50 pieces
|
3,000
|
16.
|
Destop
|
60,000
|
1
|
60,000
|
TOTAL
|
940, 500
|
Other expenses
Light Bills – 7,000
Workers Salary – 30, 000 (Two sales girls)
Security – 2,000
Association due – 12, 000 (Yearly)
Registration – 50, 000
Customize Polo for sales girls (3,000)
Trip to dubai – 180,000 (to and fro)
Luggage – 10, 000
Total N294,000
Loan
We have
decided to contribute 250,000 each and to get 1 million and to borrow 1.4
million Naira from Grummy Cooperative Society to refund 100,000. With interest
of 20,000 per month for 1 year, 2 month (14 months).
decided to contribute 250,000 each and to get 1 million and to borrow 1.4
million Naira from Grummy Cooperative Society to refund 100,000. With interest
of 20,000 per month for 1 year, 2 month (14 months).
Financial report (adult)
Item
|
Rate
|
Quantity
|
Amount
|
Polo (Unisex)
|
2,500
|
2 dozen
|
60, 000
|
Female shoes
|
4,000
|
1 dozen
|
48,000
|
Men shoes
|
5,000
|
1 dozen
|
60,000
|
Bags
|
3,000
|
2 dozen
|
72,000
|
Dresses
|
2,500
|
1 dozen
|
30,000
|
Belt
|
1,000
|
2 dozen
|
26, 400
|
Sandals
|
1,200
|
1 dozen
|
14,400
|
Palm slippers
|
1,200
|
1 dozen
|
14,400
|
Blazers
|
3,000
|
1 dozen
|
36,000
|
Trouser (Male)
|
2,500
|
1 dozen
|
30,000
|
Trouser (F-male)
|
1,500
|
1 dozen
|
18,000
|
Suit (Male)
|
15,000
|
1 dozen
|
180,000
|
Sunglasses (Designers)
|
5,000
|
1 dozen
|
60, 000
|
Jewellrey (gold)
|
12,000
|
½ dozen (6)
|
72,000
|
Total
|
706, 800
|
Financial report for children
S/N
|
Item
|
Rate (
|
Quantity
|
Amount
|
1.
|
T – shirt (boy)
|
1,500
|
1 dozen
|
18,000
|
2.
|
Gown
|
1,500
|
1 dozen
|
18,000
|
3.
|
Trouser (girls)
|
1,000
|
1 dozen
|
12,000
|
4.
|
Trouser (Boy)
|
1,000
|
1 dozen
|
12,000
|
5.
|
Tops (girls)
|
1,500
|
1 dozen
|
18,000
|
6.
|
Shoes (boys)
|
1,500
|
1 dozen
|
18,000
|
7.
|
Shoes (girls)
|
1,200
|
1 dozen
|
11,400
|
8.
|
Skirt
|
800
|
1 dozen
|
9,600
|
9.
|
Suit (boy)
|
3,500
|
1 dozen
|
42,000
|
10.
|
Wrist watch
|
500
|
1 dozen
|
6,000
|
Total
|
168,000
|
Various price of product
Polo (unisex) 4000
Female (heals) shoe 6,000
Men shoes 7,000
Bags 5,000
Dresses 4,000
Wrist watch 4,000
Belt 1,500
Sandals 2,500
Palm slippers 2,500
Blazers 5,000
Trouser (Male) 4,000
Trouser (Female) 3,500
Suit 25,000
Sunglasses (Designers) 7,000
Jewelry (Gold) 17,000
Various price of product for children
T-shirt (boy) 2,500
Gown 3,000
Trouser (girls) 2,500
Trouser (boy) 2,500
Tops (girls) 2,000
Shoes (boys) 3,000
Shoes (girls) 3,000
Skirt 1,500
Suit 5,000
Wrist watch 1,000
Below is the income per day
S/N
|
Items
|
Quantity
|
Rate
|
Total
|
1.
|
Polo (unisex)
|
5
|
4,000
|
20,000
|
2.
|
Women shoe
|
2
|
6,000
|
12,000
|
3.
|
Sandals
|
3
|
2,500
|
7,500
|
4.
|
Dresses
|
4
|
4,000
|
16,000
|
5.
|
Wrist watch
|
1
|
4,000
|
4,000
|
6.
|
Jewelry (Gold)
|
1
|
17,000
|
17,000
|
7.
|
Suit (male)
|
1
|
25,000
|
25,000
|
8.
|
Shoe (male)
|
1
|
7,000
|
7,000
|
9.
|
Blazers
|
3
|
5,000
|
15,000
|
10.
|
Tops (girl)
|
3
|
2,000
|
6,000
|
11.
|
Gown
|
2
|
3,000
|
6,000
|
12.
|
Shoe (girl)
|
2
|
3,000
|
6,000
|
13.
|
Wrist watch
|
3
|
1,000
|
3,000
|
14.
|
Skirt
|
4
|
1,500
|
4,500
|
Total
|
149,000
|
Monthly expenses
Security Due 2,000
Association Due 1,000
Miscellaneous 10,000
Fire services 2,000
Light Bill 7,000
Loan Repayment 100,000
Total 122,
000
000
Annual report
Description Amount
Maintenance 10,000×12
months =120,000
months =120,000
Interest 40,000×12
= 480, 000
= 480, 000
Association Due 1,000
x 12 = 12,000
x 12 = 12,000
Loan repayment 100,000×12
= 1,200,000
= 1,200,000
Operational cost 100,000×12
= 1,200,000
= 1,200,000
Per Day
|
Per week
|
Per month
|
Per year
|
149,000
|
149,000 x 7days =
|
1,043,000 x 4 weeks
|
4,172,000x12mnths
|
1,043,000
|
= 4, 172,000
|
50, 064,000
|
Total income (Gross profit) per year = 50, 064, 000
Net profit = Gross profit – total expenses =
50,064,000 – 2,904,000
50,064,000 – 2,904,000
= 47, 160, 000.
Conclusion
From the
business income and expenditure, it has been known that income is higher than
expenses with this business, from our profit we will be able to pay back our
loan and still do well in business.
business income and expenditure, it has been known that income is higher than
expenses with this business, from our profit we will be able to pay back our
loan and still do well in business.