Hardware Store Business Plan PDF Download

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Here's a Sample 'Executive Summary' for a Retail Business plan:

[COMPANY NAME] will be a sole proprietorship owned by [NAME]. The Company is a start-up as [NAME] will purchase the rights to the existing location for $75,000. Upon purchase of the rights, the Company will demolish the existing structure and build a new State of the Art hardware store.

[COMPANY NAME] will be a standard general hardware store that offers the parts, material, and advice to tackle any home repair, as well as lawn care. The primary focus will be to satisfy the seasonal needs of the area's customers.

The Company will service the hardware and repair needs of the Pickaway, Fairfield, Hocking and Ross County households. The Company would like to increase sales in all market segments above with a concentration of growth in sales to homeowners who do their own repairs.
The focus of this business plan is to put forth objectives to launch operations, work efficiently and effectively, and expand internal operations giving the Company the opportunity to grow with sales growth in the surrounding County areas. [COMPANY NAME] is ready to elevate to the next step. The Company is seeking grant funding in the amount of $600,000. The grant funding will be used to launch operations including purchasing the existing land & business, construction of a new Building and purchasing equipment and displays for the store. Additionally, the Company will purchase the opening inventory, develop a website and launch an advertising campaign.

1.1 Objectives

[COMPANY NAME] has the following objectives.
1. Obtain Grant funding to purchase an existing hardware store and rebuild the retail space.
2. Customer Service - Give our customers the highest quality product and service at a fair competitive price.
3. To create a safe environment for people in the community to come for their hardware store needs.
4. To provide jobs within the community.
5. To successfully manage a hardware store.

1.2 Mission

The mission of [COMPANY NAME] is to offer quality hardware products in a customer-friendly shopping environment. Our customers will get assistance quickly and will leave the store prepared to get the job done right the first time. [COMPANY NAME] will also focus on anticipating the seasonal needs of its customers and providing the best products at competitive prices.

 1.3 Keys to Success

The keys to success for [COMPANY NAME] are:
1. Location: [COMPANY NAME] will be assuming ownership of an existing hardware store. The Company plans to demolish the existing building and build a new State of the Art hardware store. We will have an existing base of customers.
2. Seasonal Products: Each season has it own unique demand on a homeowner. [COMPANY NAME] will focus on this pattern and bring in local customers by marketing these items at competitive prices.
3. Repair/Project Resource Area: The first section customers will find when they enter is a repair/project resource area that they can use to plan repairs or projects. There will be a repair/project resource person to answer questions and direct them to the section of store where the needed products are.
4. In-Store Expertise: Store employees will be knowledgeable in home repairs/projects. In addition, the repair/project resource area will be used to conduct short trainings and demonstrations in home repair and home projects.

[COMPANY NAME]
[NAME]
[ADDRESS]
[CITY, STATE ZIP]
Phone: XXX-XXX-XXXX
[EMAIL]

[COMPANY NAME] will be a sole proprietorship owned by [NAME]. The Company is a start-up as [NAME] will purchase the rights to the existing location for $75,000. Upon purchase of the rights, the Company will demolish the existing structure and build a new State of the Art hardware store.

[COMPANY NAME] offers the parts, material, and advice to tackle any home repair, as well as lawn care. The store's owner, [NAME], has worked in the existing hardware store helping the current owner and customers. [NAME] has built a relationship with the existing customer base.

The current plan for [COMPANY NAME] is to obtain grant funding in the amount of $600,000. 

2.1 Company Ownership

[COMPANY NAME] will be a sole proprietorship owned 100% by [NAME]. [NAME] has been a resident of Tarlton community for over 36 years. 

2.2 Start-up Summary

[COMPANY NAME] will purchase the existing business for $75,000. As the existing structure is in such disrepair, the Company will consider the purchase price as cost of the land.
The following is a detailed cost estimate for construction and start-up expenses of the facility: 

	Description	Amount
1.	Building 10,000 sq ft	$250,000
2.	Land	75,000
3.	Misc. Permits, Plans, etc	10,000
4	Interior Finish	30,000
5.	Parking Lot & Lighting	15,000
6.	Shelving and Displays	30,000
7.	Office Equipment & Furniture	30,000
8.	Signage	3,000
9.	Web Site Creation	3,000
10.	Opening Inventory	25,000
11.	Other Expenses	39,000
12.	Working Capital	70,000
13.	Demolition of existing Structure	20,000
	TOTAL	$600,000

 Start-up costs and initial financing are shown on the following tables and chart.

Table: Start-up

Start-up
Requirements
Start-up Expenses
Legal	$20,000
Licenses & Permits	$10,000
Demolition of Existing Structure	$20,000
Insurance	$4,000
Signage	$3,000
Website	$3,000
Other	$15,000
Total Start-up Expenses	$75,000
Start-up Assets
Cash Required	$70,000
Start-up Inventory	$0
Other Current Assets	$0
Long-term Assets	$430,000
Total Assets	$500,000
Total Requirements	$575,000

3.0 Products

[COMPANY NAME] will be a standard general hardware store that offers the parts, material, and advice to tackle any home repair, as well as lawn care. The primary focus will be to satisfy the seasonal needs of the area's customers.
Fall/Winter: Weatherization projects.
Spring: Garden/lawn projects/home improvement projects.
Summer: Outdoor building projects.

Become A Better Leader Tomorrow By Using These Tips Today!

You need the right set of skills to be a great leader. You may be born with some leadership skills. If not, they can be learned with a little bit of work and research. Use these tips to get started on training yourself to be the best leader you can be.

Be confident in a decision before you share it with others. If you look indecisive, that will cause those beneath you to be indecisive as well. Not only that, but indecision causes others to be able to try to take your position. Instead, deliberate in private before you make any announcements.

Be sure to finish everything you start or you risk losing the respect of the people that work under you. Even if something seems particularly difficult, you should give it your all and see it through to the end. No one will look at you the same if you turn into a quitter.

Learn to take responsibility for things, even those that are not your fault. A great leader understands that when the team fails, everyone fails. Instead of placing blame on individual members of the team, a great leader will know that something about the way he leads the team may be the reason for the failure.

Being a leader means taking action. It doesn't matter how many good ideas you have if all they ever do is take up space in your head. Develop a plan and put your idea into action. Focus on the outcome you would like to achieve and focus your energy on making it happen.

To be a good business leader, always keep an eye out for more than your current problems and urgent matters. What that means is to always be open to opportunities that present themselves. You never know when you might make the right potential professional contact or see a chance to make some money suddenly. Always be prepared for these moments.

Get to know the truly talented performers underneath you. Great employees are hard to come by, and harder to keep. Learn what their personal ambitions are in life. The more you are able to synergize their dreams with your business' goals, the longer you can retain them and their productivity.

Keep in mind that hope is not always a good thing. If you or your business are involved in a situation that has an inevitable and bad ending, do what is necessary to terminate the situation and move on. Employees will never forgive blind optimism in such circumstances, and it's better for everyone to have a bad situation behind them as soon as possible.

You may be a leader, or manager, but you are a human first. We all make mistakes from time to time. If you find that you have made a mistake, do not try to hide it, hoping no one will find out. You will attain a new level of respect by admitting your mistakes to your team, asking for their input and even apologizing for a mistake.

Anyone in a leadership role should be concerned about trust. You must be able to trust your team, or workforce, and they must also be able to trust you. Try having a meeting periodically with a small group, where trust issues are discussed, and solved. Look for good articles on the subject of trust in the workplace, and read them with your group, giving each other feedback and suggestions.

Learn to delegate properly. A good leader know that they cannot handle everything alone. They need others to do certain tasks. That doesn't mean delegating all of your responsibilities to others, but if you know someone on your team wants to help or can do a certain task better than you, pass it on to them. This will keep things moving forward by letting you work on other tasks that need completed.

Become a good decision maker. Leaders are generally known for their good choices. Sometimes it requires risk taking. If you can do so quickly, using your knowledge and intuition, then others will want to follow you. Avoid second guessing yourself. Sometimes the best decisions do not work out the way you assumed they would; however, you can still learn from these decisions.

Have a vision. Planning for the future is important. Things might be great now, but will it still be a year from now? What about ten years from now? Try to keep abreast of any change that might be relevant to your business. Shape your plans and your vision accordingly.

Establish clear communication channels. Your team should always be fully informed of every aspect of the project, including any deadlines that need to be met. Having good communication with your team will help establish your credibility as a leader and gaining their support. Your team should also feel free to contact you with questions or constructive feedback.

Get to know each of your employees one-on-one within the business environment. Find out what they like about their job, what they don't like and the things they would change. Try to check in with every employee periodically. These one-on-one meetings should be informal and you should not be threatening when you spend this time with your employees.

An effective leader must be able to remain level-headed in the event of major catastrophes, such as a natural disaster, power outage, or scandal. The ability to be decisive is critical, especially when the group is in imminent danger. This entails making your presence and participation known, clearly communicating expectations, and reducing uncertainty.

Keep an open mind about how you lead and the most effective ways to complete a task. Even if you feel like you have everything in the bag, others have a lot to contribute, and listening to their perspective might just make the tasks at hand easier or better. Remember this, and never be afraid to change course if necessary.

You were born with some of the skill required to be a great leader. Work on the skills you do not have by researching techniques and practicing your skills. Using the information in this article is a great way to start. Use the tips and tricks listed above to learn those skills you were not born with.