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Clothing Line Business Plan

Want to transform your passion for fashion and garments into a profitable business venture?

Well, it takes a lot more than a few sketches, threads, and sewing machines to start your clothing store.

The trillion-dollar clothing industry is growing rapidly and the competition is severe to get your brand recognized.

But hey, the odds of you creating a successful clothing business can be increased substantially, just by planning through it thoroughly.

A well-crafted realistic clothing line business plan accounts for every minute detail that goes into establishing a business. Right from market research to financial forecasting and everything in between, it contains details that will help you lay clear future plans for your clothing line.

This is the ultimate business planning guide for anyone who wants to venture into a fashion business and taste the sweet nectar of success.

Let’s power you with all the right resources to write a business plan.

Let’s get started.

Key Takeaways

• Identify your company’s mission, vision, core values, and business objectives and determine your position in the market.
• Identify the latest trends in the fashion industry and how the business will adapt to those trends.
• Prepare for the casualties and mitigate the business risks with a forward-thinking business plan.
• Create a well-structured cohesive business plan with enriching visual reports.

Benefits of having a clothing line business plan

From fashion designers to small businesses and large retail stores, every clothing business requires a clothing line business plan. Wondering why?

Let’s unravel the benefits of having a business plan:

• A business plan accounts for all sorts of emergencies and unknown variables. It prepares you to mitigate business challenges strategically.
• A business plan helps quantify the goals and important business strategies. It gives strategic direction to your business’s core objectives.
• A business plan allows you to review the financial aspects of owning a clothing store. You have a chance to modify the structure, core offerings, and strategies while the idea is still on the paper.
• A business plan adds structure to your everyday operational processes. We all know how seamless operations play a key role in reducing business expenses and costs.
• It helps establish the viability of your business model in the long term and helps make it profitable.
• Last but not least, it helps you acquire investor funding for your dream project.

Convinced, right? Now, let’s understand the basics of creating a clothing line business plan that will help accomplish future plans for your business.

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Key components of a clothing business plan

Wondering what goes into making a clothing line business plan? Well, here are the key components you would not want to miss adding to your plan.

Executive Summary:

Company overview:, market analysis:, products & services:.

A line down of your core products and services, their benefits, and unique features that will help you make a profitable business.

Marketing and Sales Strategy:

Organizational structure:, supply chain & operations plan:, financial projections:.

Let’s move forward and understand the detailed process of writing a business plan.

A step-by-step guide to creating a clothing line business plan

You are already aware of the key components that go into making a solid business plan. Now, let’s get you a breakthrough in the fashion industry with a detailed guide on creating a fashion brand business plan.

1. Get a business plan template

Before you start writing a business plan for your clothing brand, do yourself a favor and pick a business plan template to simplify this entire process.

This is because writing a business plan from scratch is challenging. It includes too many components and addressing each of them with utmost clarity gets taxing.

A template offers a structural framework to your plan and helps maintain clarity in the way you present the information. It streamlines the entire process and makes it easy for you to update and modify the plan as needed.

Now, don’t look elsewhere searching for the perfect template. The Upmetrics intuitive and relevant business plan templates are available for free download and easy edits.

Whether yours is a startup clothing line or a clothing boutique, Upmetrics has plenty of fashion industry business plans to choose from.

Need Assistance Writing a Clothing Line Business Plan?

Get Upmetrics’ business plan template, import data directly into the editor, and start editing using Upmetrics AI Assistant.

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2. Write an executive summary

It is a concise and well-structured summary of your entire business plan that compels potential investors to know more about your clothing brand.

Avoid the fluff and be catchy with the business description here.

The executive summary must contain details like the location of your clothing business, products you sell, market opportunities, business strategy, and anything that makes your fashion business a huge sell.

Also, don’t forget to add a relevant CTA for the readers. Let them know what you wish to achieve with this business plan.

Adopt a storytelling approach and find the hook to capture anyone reading your business plan.

For example:

Seine is an online apparel retail brand that brings ethically sourced fashion to the market. We are focusing on a target demographic of women in their twenties and thirties who want to build a basic capsule wardrobe with sustainable timeless pieces. After generating a million-dollar business through our online clothing store, we now plan to launch our physical clothing stores in three different locations: New York, London, and Delhi. We are looking for funding to expand our operations and grow our prominence through offline stores.

Now, an executive summary is the first and most important part of your business plan. However, we recommend writing it towards the end once you are done with your financial projections.

3. Prepare a company overview section

Company overview is a brief business description of your fashion brand. It is your chance to describe your own clothing business in the most compelling and natural way possible.

Describe what kind of clothing business you are planning to open, i.e. retail store, a chain of fashion brands, clothing boutiques, clothing department stores, or some unique fashion business. Mention the owner of this clothing brand and their prior experience in the fashion industry.

Also, mention the legal structure of retail stores. Mention if it will be a limited liability company or a partnership firm.

This section should be insightful for potential investors and must include your mission statement, business goals, and company values.

Here’s what these key indicators should include:

Mission statement: A brief statement describing the reason you are starting this clothing brand. It must explain the reason for a clothing brand’s existence and its purpose.

Business Goals: What are the aspirations and vision for your fashion brand? It can include quantitative goals like, the number of retail stores, revenue goals, ranking, number of cities, etc.

It can also include qualitative details like being the most recognized ethical fashion brand.

Company values: Think of core values that define your clothing brand and influence the decisions.

Core values are what separates your brand from different apparel brands.

4. Conduct a fashion industry market analysis

A market analysis is essential to distinguish your business from competing clothing lines.

This part of a business plan includes a detailed understanding of the target market, competitors, market size, future growth potential, emerging market trends, and much more.

Dedicate a section of the market overview to outline your target demographic. Create a buyer persona taking into consideration the age, gender, income, shopping habits, values, and spending patterns of your target audience. This will help you create ideal products for your audience and devise marketing strategies to reach them.

Identify your direct competitors and analyze the fashion brands and apparel brands working in a similar segment like you. Also, consider the indirect competitors like clothing retailers that offer products at cheaper rates to your target audience.

Further, highlight the scope of growth potential for your clothing business. Enrich this section with statistical data, graphs, and qualitative analysis wherever possible.

Lastly, discuss the emerging trends in your segment. We all know how trends shift in the fashion world. Suggest how your business will address these trends to stay relevant. Also, identify the challenges in current business and suggest a feasible plan to overcome those challenges.

5. Describe your core product line

Now that your mission statement and market analysis are in place, it’s time to introduce your products and services to potential investors.

In this section of a business plan, offer a brief rundown of all the products and services that will be sold by your clothing business.  Mention the features and benefits that make your products desirable.

Take this opportunity to highlight the product USP’s that separates your clothing line from other clothing lines.

Draft this section from an investor’s point of view. Consider the questions they might have regarding the product and write accordingly.

For instance,

• Will you sell cloth semi-finished garments or readymade garments?
• Will you manufacture the garment or sell it through a retail business?
• Are there any special features of your product: Sustainably grown, ethically sourced, single thread sewing, water repellent fabric, etc..
• Is the customization option available on your products?

Overall, this section should convince the investors of the viability of your product.

6. Propose marketing and sales strategies

Now that you have finalized the products and services, how do you propose to sell them?

Sales is at the root of business success and marketing is what fuels the sales. So, now you need appropriate strategies in place to achieve your business goals.

Consider answering the following questions to help you form a sales strategy:

• What is your annual sales goal?
• How do you intend to bring sales: online clothing store, retail store, or through a mix channel?
• What is your pricing strategy for products?
• How much annual revenue do you plan to generate?
• How much money do you need to invest to generate sales?

Once your sales strategy is in place, you start working on your marketing strategy.

Keep in mind that the fashion industry is huge. A different marketing plan is required for different types of fashion businesses.

Conduct market research into your target demographic and determine your marketing strategy. Identify rewarding marketing channels and allocate your budget for each of them.

A marketing plan can include a mix of paid and organic marketing strategies. Consider adding print advertising, social media marketing, Email marketing, Google ads, content marketing, and other marketing strategies to your clothing business plan.

7. Introduce leadership or management team

In this part of the business plan, introduce the key personnel who will manage your clothing line. This can be CEOs, owners, key managers, business leaders, or consultants who will shape the business with their expertise.

Include a brief biography of key members and mention their relevant experience in the industry. Also, highlight the hierarchy of these key members in your organization and their roles and responsibilities.

Lastly, mention the cost of acquiring, training, and retaining your management team.

Overall, this section of a business plan should focus on proving the asset-worthiness of these members.

8. Outline your operational plan

How do you plan to run a clothing store once you acquire the funding? Have you given a thought about everyday challenges, operations, and processes?

In this section of a business plan, you will explain the business operations of your clothing store in great detail.

Include the following brief details while outlining your operational plan:

• Manufacturing or Retailing : Will your clothing store have its own manufacturing or perform as a retail store? If you manufacture your own garments, will you have your own production units or get them manufactured by a third party?
• Online selling : Will the clothing store sell online? If so, will you use your own website or a seller’s platform? Highlight the entire online ordering process starting from inquiry management to sales and after-sales.
• Inventory management : Where will you store the goods? Who will be responsible for managing the inventory? What software and tools you will use to track the goods?
• Vendor management : Who will be your vendors? Do you have any agreements with them?
• Logistics : Who will be your logistics partner? What will be your shipping policy? What will be the delivery methods and charges?

Include every little detail you can think of. Whenever confusion regarding business processes arises, this operations plan should serve as a roadmap.

9. Create a financial plan

If you are looking for investor funding, the financial plan is where the investors’ interest lies. It is usually demonstrated in figures, graphs, charts, and Excel sheets.

A financial plan must include different financial statements for your clothing line business. For example, income statements, cash flow statements balance sheets, break-even analysis, and investment statements.

Follow this step-by-step guideline to write this section effectively:

• Identify the costs of starting a clothing line business . Consider various one-time expenses and recurring expenses and get precise estimates.
• Assess your current monetary position and determine how much funding is essential to get started. Pick a suitable funding strategy by identifying different funding sources, i.e. bank loans, angel investors, SBA loans, personal loans, etc.
• Make pre-assumptions based on market research and analysis. It is time to make financial projections and form pricing strategies, sales forecasts, and overhead budgets for your clothing business.
• Using the projections made earlier, form key financial statements of your business for the next 3-5 years.
• Test assumptions for different scenarios and use methods like sensitivity analysis to make your projections more relevant.
• Mention the monitoring and review methods you will use to review the finances of your business.

Now, doing all these from scratch will take months.  And still, there will be higher chances of errors in your calculations.

A financial forecasting tool can be of utmost help here. Simply enter the sales and cost figures and it will make all essential calculations for monthly, quarterly, and yearly reports. Creating a financial plan in Snap is truly possible.

The financial plan is a snapshot of your clothing business. Make sure you draft it with clarity.

10. Include informative graphics and visuals to present data

We have discussed the key fundamentals of a business plan by now. But do you feel that your clothing line business plan is lacking character? It’s possibly because it’s all pages and pages of text in there.

A business plan must be enriched with derivative graphs, visuals, and infographics to make it interactive and appealing. Moreover, the figures and data are easily digestible when they are presented in the form of visual reports.

If you have been writing a business plan using Upmetrics, the tool already made a visual report when you complete writing the financial plan. Don’t believe us? Go and check your dashboard.

Here’s a glimpse into the Upmetrics dashboard.

Now, if you wish you can add more elements of visuals to your plan. Identify different opportunities where you can present the information visually.

And that’s pretty much it. By the end of these steps, you will have your fashion brand business plan ready.

Clothing Line Industry Highlights 2023

Trends in the fashion world are changing faster than seasons. You sure want to keep up with these latest trends ruling the fashion world in 2023.

• Propelling growth in the luxury fashion market : The 27.15 Billion dollar luxury fashion market in the US is expected to grow between 5-10% in 2023.
• Sustainable fashion is on the rise : The sustainable fashion industry is worth 6.5 Billion dollars. According to a survey, products marketed as sustainable are expected to grow 5.6 times faster than other products.
• Core issues : Inflation, geopolitical instability, and supply chain disruptions are the top risks for fashion businesses in 2023.
• MCommerce leads the marke t: 73% of the total E-commerce sales are generated through mobile devices.
• The growing trend of fluid fashion : Genderless fashion is gaining tremendous popularity. 1 in 2 Gen Z consumers have purchased garments outside their gender identity in 2023.
• Global economy outlook : The Middle East and North America are expected to be the regions with the highest growth potential in 2023.
• Economic effects : 75% of Gen Z and millennials have restricted their budget on apparel and fashion to manage their finances.

From greenwashing to the environmental impacts of the fashion world, dive further into the market research and understand the state of the fashion industry in 2023.

Refine and present a Clothing Line Business Plan

After writing the first draft of your clothing line business plan, keep it aside for a few days. This will make editing more effective.

Now, proofread the entire document. Read, re-read, and edit till you find the contents to be an exact representation of your business.

It is also advisable to edit your business plans for different audiences. This will improve the efficacy of your plan and increase its relevancy amongst different stakeholders.

For example,

If you are planning to procure funding from investors, keep the format professional and focus on presenting financial data for growth, profitability, and ROI. However, your business plan should focus on partnership details and collaboration benefits when presented to retailers and suppliers.

Ensure that important data is represented through graphs, visuals, and appealing charts. Incorporate a storytelling approach to make the content interesting.

Before sending it across, ask a friend, relative, or professional colleague to review it critically and make essential changes.

Once you are confident about the presentation, share it with the potential stakeholders.

Download a Sample Clothing Line Business Plan

Need help planning the contents of your business plan? We have a perfect resource for you. Download our free clothing line business plan pdf and get step-by-step instructions with all the industry-relevant examples.

Upmetrics intuitive templates are specifically designed for business enthusiasts and entrepreneurs who are ready to kickstart their business planning. Simply import the data into the editor and start planning.

The Quickest Way to turn a Business Idea into a Business Plan

Fill-in-the-blanks and automatic financials make it easy.

Write Your Business Plan With Upmetrics

Streamline your business planning process with Upmetrics. With more than 400+ customizable sample business plans , Upmetrics offers AI assistance and step-by-step guidance to write a cohesive business plan.

Whether you are expanding your current business or setting up a start-up, Upmetrics resources will help you create an actionable and forward-thinking business plan in easy steps.

Let’s bring your clothing line dream into reality.

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Frequently asked questions, what permits and licenses are required for running a clothing line.

A clothing business is moderately regulated when it comes to licenses and permits it requires. Here are a few licenses you must consider depending on the nature of your clothing business:

• Business License
• Sales tax permit
• Import/Export license
• Occupancy permit
• Health department permit
• Environmental permits

Can I start a clothing line without a business plan?

Yes, you can. Having a business plan is not mandatory. However, you will require it, if you are looking for funding options. Moreover, it is advisable to have a business plan to help you plan, manage, and mitigate the challenges that will arise when you start the business.

What challenges should I anticipate in the clothing industry?

Amongst the various challenges that encircle the clothing industry, inflation, geopolitical instability, and supply chain disruptions stands at the top. Apart from these, you can expect challenges with inventory management, supply chain disruptions, increasing production costs, brand building, and global trade management.

How should I price my clothing items in my plan?

The pricing you choose should reflect the brand’s positioning, quality, customer spending patterns, and revenue goals. If you are positioning yourself as a luxury brand, the prices should reflect that. Similarly, if you are positioning yourself as an affordable fast fashion brand, you cannot keep the price range excessively high.

How do I determine my target market for my clothing line?

Understand who would be interested in wearing your products. Now, create an ideal buyer persona for your clothing taking into consideration the age, gender, demographic, spending patterns, shopping patterns, and a variety of such factors. This will help you determine the ideal target market for your clothing business.

About the Author

Upmetrics Team

Upmetrics is the #1 business planning software that helps entrepreneurs and business owners create investment-ready business plans using AI. We regularly share business planning insights on our blog. Check out the Upmetrics blog for such interesting reads. Read more

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Clothing Line Business Plan Sample

Have you ever considered creating your own clothing line?  The fashion industry is a growing sector that is not only competitive but also has significant environmental impacts.  In this clothing line business plan sample we will show you what it takes to write a plan that has a strong business case while considering the impact on our planet.

Are you wondering how to make your own line of clothing, or how to start a clothing selling business this clothing brand business plan will help. Starting a clothing line can be an exciting and rewarding venture for those with a passion for fashion and entrepreneurship. Whether you are a seasoned designer or a newcomer to the industry, setting up a clothing line requires careful planning and execution to ensure success.

Before you jump into the world of fashion, it is important to understand what goes behind the scenes of a clothing business. From creating a professional line sheet to meeting production costs, here are the steps to starting a clothing line:

Define your brand: A successful clothing line starts with a clear vision and a defined brand identity. Consider your target market, style, and values, and choose a name that reflects your brand.

Research and plan: Conduct thorough research on the industry, competition, and trends, and create a business plan that outlines your goals, budget, and marketing strategies.

Create a line sheet: A line sheet is a crucial tool for presenting your designs to retailers and manufacturers. A professional line sheet should include product images, descriptions, pricing, and order minimums.

Set up production: Find reliable manufacturers and suppliers that can produce your designs at a reasonable cost. It is essential to consider the quality, lead time, and minimum order quantities.

Market and sell: Develop a marketing plan that aligns with your brand and target market. Utilize social media, influencer partnerships, and fashion shows to increase brand visibility and drive sales.

While starting a clothing line can be challenging, the rewards of creating a successful brand are significant. Ten Values Clothing is a prime example of a successful clothing brand that prides itself on sustainability, ethics, and quality.

If you are interested in starting an apparel company, there are various resources available, such as books on starting a clothing line and online courses on running a successful clothing line. Additionally, online platforms such as Meet Yours Fashion and Create a Clothing Line Online can help you create and sell your designs.

Unfortunately, some clothing websites, such as Necessary Clothing and the Unknown Planner Company, have closed down, highlighting the importance of adaptability and resilience in the industry. In conclusion, starting a clothing line requires dedication, creativity, and a sound business strategy. By following these steps and staying true to your brand, you can create a successful clothing line and make your mark in the fashion industry.

Are you interested in starting a clothing boutique, but not sure where to begin? With the right planning and strategies in place, you can create a successful and profitable boutique that stands out in the competitive fashion industry.

Structure Clothes and Outfit Planning Template: Before you start selling clothing online or in-store, it’s important to structure your clothes and create an outfit planning template. This will help you determine what types of clothing you want to sell and how they fit together in a cohesive fashion outline. You can also use this template to lay out clothes in your store and make it visually appealing to customers.

How to Start Selling Clothing Online and How Much Money You Need: Selling clothing online is a great way to reach a wider audience and increase your sales. To start an online clothing business, you will need to create an online retailer business plan and determine how much money you need to invest. Consider using platforms such as Easyclothes or VS Clothing Line to help you get started.

Create Your Own Clothing Line and Build a Brand: If you want to create your own line of clothing, you will need to design and create your pieces, define your brand, and create a line sheet in fashion to showcase your collection. You can start with a small collection and build from there.

Opening a Clothing Store Set Up and Layout: Setting up a physical clothing store requires careful planning and consideration of factors such as location, size, and store layout. You can use clothing store setup ideas to create a visually appealing and functional space for your customers.

Business Plan and Startup Strategies: Creating a business plan for a retail store or boutique is crucial to the success of your business. It should outline your business goals, target market, marketing strategies, financial projections, and more. Use examples of a business plan for a boutique to help guide you.

Costs and Funding for Your Clothing Boutique: Starting a fashion business with no money may seem daunting, but there are ways to minimize costs and secure funding. Research small boutique business plan options, and consider mobile boutique business plans to get started with less upfront investment.

Defining Your Brand and Products: To stand out in the crowded fashion industry, you need to define your brand and products. Consider what makes your clothing boutique unique, and what you can offer customers that they can’t find elsewhere. You can also define your brand through marketing and advertising strategies.

Starting a clothing boutique takes careful planning and dedication, but with the right strategies and resources, you can create a successful and profitable business that you’re passionate about. Remember to define your brand, create a business plan, and set up your store or online business for success.

1.0 EXECUTIVE SUMMARY

Sample Clothing Line, (The Company) was registered in the Province of British Columbia on January 15, 2020 by CEO and Creative Director, Sara Jane.  Sara will establish the company as a street style clothing brand for a male, female, non-binary audience, of youth consumers ages 18 – 28.

Through an aggressive digital marketing strategy, Mrs. Jane will develop a community of “advocates” purchasing the company’s comfortable, sustainable, yet authentic clothing.  Moreover, a collaboration between independent artists, and the company will make the Sample Clothing Line platform truly unique.  “At the very core of the Sample Clothing Line brand is a belief that art can unite us through fashion.  Our platform enables artists to showcase their work through the very clothes we create.  As the pioneers of this platform we’ve been met with abounding support by our target audience, local artists, and the slow fashion community.” – CEO and Creative Director, Sara Jane

For the first two years of operation Sample Clothing Line will execute a purely digital strategy; marketing its products and building its community on social media; while selling apparel through the company’s online store.  In May of 2021 the company will officially launch in Canada, establishing its domestic customer-base.  In the following year, Sample Clothing Line will expand into the US, establishing itself as a sustainable, purpose-driven street style brand.  In Year 3 the company will continue its growth in the North American market, while developing two physical stores located in strategic cities.

Today more than ever, youth want to support conscious brands.  In fact, 70% of streetwear’s young fans consider themselves as socially-conscious.  Sample Clothing Line has identified the massive market opportunity for a clothing line that can captivate its young audience through positive brand messaging.  Sample Clothing Line is just that, a brand that is artistic, grounded in social justice, while offering the most coveted selection of street style fashion available.

The company is seeking a CAD $60,000 loan through Futurpreneur Canada and the BDC, primarily to expand the company’s website, e-commerce store, and for the garment-making of its 2021 clothing line.  This funding in combination with Sara Jane’s initial investment, and 10 year background in the industry, will enable Sample Clothing Line to streamline its market entry, and ensure an effective ascent in the Street Style Fashion industry.

2.0 BUSINESS OVERVIEW

“Sample Clothing Line ” is a street style fashion brand serving a youth audience aged 18 – 28 years old.  The company is focused on establishing itself with a brand identity rooted in vital issues for youth consumers, such as social justice, sustainability, individuality and transparency.

2.1 Business Summary

With over 10 years of experience in the Fashion and Beauty industry, Mrs. Jane plans to exercise her experience with Sample Clothing Line.  The company will take an ethical approach to Street Style fashion by removing elements of exclusivity, hype culture, status symbolism; which are commonly practiced is the Streetwear Industry.  Rather, Sample Clothing Line will continue building its community through principles of inclusion, art, positivity, and celebration.

For the first two years of operation Sample Clothing Line will exclusively sell it’s clothing products online through its flagship ecommerce store.  Moreover, the company will capitalize on the availability of social media platforms hosting an abundance of target customers including Instagram, Tik Tok, and Twitter.  Later in Year 3 Sample Clothing Line plans to open two physical brand stores in strategic cities across North America.

Throughout this stage of growth the company will further differentiate itself by establishing a platform where artists can collaborate and bring new, innovative fashion items to Sample Clothing Line’s customers.  Instead of giving artists “free range”, Sample Clothing Line will work with them to develop fashion that is cohesive with the brand’s current or upcoming clothing line.  Together, the Sample Clothing Line brand will serve it’s audience by creating sustainable clothing; both environmentally and socially, and progressing individuality over hype culture.

2.2 Industry Overview

We estimate the size of the global streetwear market at USD $185 billion in annual sales, making it by some estimates about 10% of the entire global apparel and footwear market.  Streetwear’s impact – both on retail culture and the numbers involved – has caught the attention of some of the most iconic, established brands in the retail, luxury goods, and fashion industry in general.

Streetwear players come from various parts of the fashion industry. There are pure streetwear brands, while sportswear names are developing their traditional portfolio of sports equipment into a growing streetwear portfolio with the concept of cool, hip sneakers and hoodies. In addition, luxury brands are also working to gain a significant stake in the streetwear market.

2.3 Mission & Vision Statement

Our mission is to promote slow fashion to our target audience.

2.4 Sustainability

Sustainable Supply-chain

Sample Clothing Line is committed to procuring the most sustainable materials available.  As the company is established it will work to find a supplier of hemp fabrics, as this material has been recognized as a way to reduce our environmental impact.

2.5 Goals and Objectives

• Secure $60,000 in funding from Futurpreneur Canada and the Business Development Bank of Canada.
• Execute the company’s “official launch” on May 1, 2021 via social media and the Sample Clothing Line website/ecommerce store.
• Control costs while establishing a loyal customer base in Year 1.
• Expand Sample Clothing Line’s reach into the US marker in Year 2.
• Continue developing the brands online community on social media platforms Instagram, Tik Tok and Twitter.
• In Year 3 establish two physical brand stores in strategic North American cities.

2.6 Key Success Factors

• Collaborations that create a bigger audience
• Establishing our community on social media
• Providing healthy compensation to local artists
• Keeping intune with our target audience and reflecting that in our clothes
• Inventory management: not producing too many articles of clothing
• Being able to identify and adjust trends quickly
• Taking risks in styles we’re confident with

2.7 Staffing

Chief Executive Officer (CEO):

The CEO’s core responsibility is to ensure the health and success of the company. Operations, marketing, finance, strategy, company culture, human resources, hiring, sales, public relations all fall under the responsibility of the CEO. As CEO Mrs. Jane will learn the ins and outs of every position in the company. She will be directing, planning and coordinating operational activities and devising policies and strategies to meet company goals.

Creative Director:

Responsible for overseeing the creative concepts of all collections, artistic work, and collaborations. The responsibility here lies in ensuring the clothing will suit the demographic and represent the brand to its fullest potential.

Community Outreach Manager:

This customer relations role deals with the basic communications between the company and its customers. Responsibilities will include answering calls, responding to emails, customer questions, resolving most customer issues. The more advanced part of this role will be learning and developing our ideal customer. We understand as a brand the importance of thoroughly understanding our customer so this role will include capturing information about the way our customers communicate; therefore, developing our voice and the way we can best reach our audience. Community outreach will be essential to the growth of Sample Clothing Line as we want to collaborate with not only artists, but other businesses as well. The community outreach role will include the planning and implementing of outreach strategies. This position will cultivate relationships with businesses, communities, and relevant organizations that may lead to increased brand awareness through cross promotion.

Store Manager:

The store manager will be responsible for overseeing the operations of their location. One of their main responsibilities is overseeing the company culture of the store and ensuring it’s in line with the wider Sample Clothing Line company culture.  Additionally, the Store Manager is to create an environment where our employees love to be. It is the responsibility of the store manager to not only oversee the running of the store, but to exemplify how it is to work for Sample Clothing Line and create an environment that reflects that. We want our employees to actually enjoy being at work, to look at it like a blessing and not a chore. Aside from company culture, the main roles will include:

• The recruiting, training, supervising of staff
• Dealing with customer queries and complaints
• Maximizing profitability. Setting/meeting sales targets. Motivating staff
• Present sales incentive opportunities for our employees
• Managing budgets. Maintaining statistical and financial records
• Liaising with head office
• Upkeep of store displays, merchandising standards, standards in general

Fulfillment Manager:

This role will be responsible for monitoring all E-commerce orders, as well as seeing through their fulfilment. This would entail packing all orders to company standards and ensuring everything that leaves the facility matches the quality control set in place by the company. Presentation will be a key part of our brand so the way our packages are delivered to our customers will be essential. We want our customers to be excited about the process of receiving and opening our products. We want to connect with our customers on as many levels as possible, so the role of our Fulfillment Manager helps in elevating the company’s overall appearance and standards. The responsibility here is upholding our company’s presentation and ensuring all orders are packed and shipped out properly. This role will also deal with receiving any returns or sending out any exchanges.

Social Media Manager:

Due to the fact that we will reach our target audience heavily through social media, this position will be essential to the growth of the company and reaching the perfect target audience. This role will plan, implement, monitor and manage the company’s social media strategy. Responsibilities will include increasing brand awareness and posting relevant social media content. Sample Clothing Line will lead the way in new trends, do our own thing, and never “follow or tag onto tacky trends”.

Graphic Designer:

Sample Clothing Line will have it’s own in-house graphic designer to create graphics that will be printed or embroidered on our clothes during the times we are not collaborating with an artist. The graphic designers responsibilities will be bringing the creative directors vision to life. This role will include regular meetings to discuss ideas for future collections where the graphic designer will then produce the work, where a second revision will take place. This role is very important as the graphic designers vision needs to line up with that of the Creative Director. This position is responsible for expert knowledge of our target market and understanding our industries norms and trends in order to produce the most persuasive, on brand designs as possible. The graphic designer will help with any social media marketing needed, company and website design development, advertisements and assist in growing the aesthetic image of the brand.

Seamstress:

This role is to work alongside the Creative Director in creating all in house made samples for each garment. Eventually we would love to produce all our own samples in house, in order to keep overhead costs down. The Seamstress’ role will be unique in that it won’t be a standard Seamstress position. The in house Seamstress will also be responsible for all finishings on clothing, whether it be silkscreening or embroidering. Industry knowledge is very important in this role as the Seamstress will be expected to add to the creativity of the line, bringing new ideas to the table as well as working off the ideas of the creative director. Roles will include constructing samples and garments, operating and maintaining sewing and finishing equipment.

Sales Associate:

Our sales associates will be people our customers not only go to for clothing or style advice, but will add their own personal flare to the store as well. We want to be a company that supports individuality for our staff and customers. Our stores will be a place for people to connect, and collaborate so we want our sales associates to be individuals that our customers will look up to. This position has the responsibility of upholding our company culture, values, providing a heightened level of customer-service, and  building return customers. We expect our sales associates to be good people and want the best for our customers. The general duties for this position are as follows:

• Greet and welcome anyone who comes into our space
• Sales and product education
• Product knowledge
• Ensure high levels of customer satisfaction through excellent service
• Advocate for our brand
• Operating tills, POS machines, processing sales, returns, exchanges
• Styling and providing personal shopping if necessary or asked for
• Increasing sales and meeting sales targets
• Maintaining overall appearance of store, displays, and products
• Having a good “customer service” attitude no matter what the occasion. Sometimes customers are rude but we need our team to remain calm and kind regardless

2.8 Management Team

CEO and Creative Director

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3.0 PRODUCTS & SERVICES

Women’s Clothing

Tops: Long sleeve top, Tee shirt, Long sleeve crop top, Tee shirt crop top, Tube top, Tank top, Button up baseball tee, Mock Neck shirt – $45

Sweaters: Crop hoodie, Crop crew neck, Full length hoodie, Full length crew neck, Oversized boyfriend hoodie – $60

Outerwear: Bomber jacket $120 , Coaches jacket $65 , Vest – $80

Bottoms: Chinos, Carpenter pants, Painters pant, Trouser $85, Oversized cuffed boyfriend sweatpant – $65

Accessories: Socks, Tote bags, Crossbody bags, Toques/beanies, Bucket Hats/Snapbacks, Boxers/thongs – $30

Swimwear: Bikinis, One pieces – $60

Athleticwear: Yoga pants, Yoga shorts, Biker shorts, Sports bra $60, Crop athletic jacket $120

Men’s Clothing

Tops: Long sleeve shirt, Tee shirt $45, short sleeve button up shirt, long sleeve button up $70

Pants: Chinos, Carpenter pant – $85

Outerwear: Vest $80 , Bomber jacket – $120

Accessories: Socks, Tote bags, Crossbody bags, Toques/beanies, Bucket Hats/Snapbacks, Boxers – $30

Swimwear: Trunks – $30

Unisex Clothing

Tops: Long sleeve, Short sleeve, Button up, Mock neck shirt – $45

Sweaters: Crewneck – $60

Outerwear: Coach jacket – $65

Accessories: Socks, Tote bags, Crossbody bags, Toques/beanies, Bucket Hats/Snapbacks $30

4.0 OPERATIONS

The company’s operations can be summarized into an 8 stage cycle:

• Customer Demand: We are always watching to see what’s developing in the Street Style fashion industry.  This stage is critical in developing new products.
• Product Creation: We develop a small order of prototypes.  New products are always developed with minimal environmental impact; and a commitment to develop clothing that will positively progress the Sample Clothing Line brand.
• Product Surveying: We receive feedback on our prototypes from a small, diverse set of target customers.  Changes are made on the prototype until we are fully confident in the end product.
• Production: We develop an order of clothes ready for our customers.  We utilize sustainable products and service providers to ensure our products represent our values.
• Marketing: Utilizing our preferred social media platforms, muse marketing, instagram ads and in some situations brand partnerships, we get our fresh products in front of the  community and other prospective customers.
• Ecommerce: Our audience is funnelled to our ecommerce store where they access the latest products available.  They purchase items unique to their taste, and size.
• Fulfillment: Our fulfillment team ensures our customers receive their products on time, and without any hassle.
• Customer Care: We separate ourselves from our competition by being widely available by email, direct message and phone 24/7 to service customer concerns, complaints or suggestions.

4.1 Location

Sample Clothing Line Headquarters

For the first year of operation this space will be utilized as the company’s shipping facility, photoshoot area, and product manufacturing centre; executing silk screening and embroidering.

4.2 Equipment

Current Equipment

Total Resale Value: $4,150

Laptop – MacBook Pro – $2000

Used for all business purposes

Afford-A-Flash -flash cure unit – model no. LC1600 $850

Used to cure silk screen ink

Silkscreen Press – INTBUYING 1 colour silkscreen press -$200

Used to hold screens for silk screening

Silkscreen ink, supplies, solvents -$300

Supplies for silk screening

Silkscreen Screens -Stanley’s Signs – $400

Used to print images onto clothes

Silkscreen station – $100

Workbench for silk screen press

Sewing machine – Husqvarna Viking -No.730061859- $270

Used for The Blanket Project and finishing any final cuts

Sewing kit – $30

Used for sewing

Equipment to Acquire

Total Sum: $2,573 + GST

HP ENVY Photo 7155 All-in-One Colour Inkjet Printer – $200

Used for printing heat transfer images for clothing

Vevor 5 In 1 Heat Press Machine – $260

Used to transfer images onto clothing

Brother computerized embroidery machine SE600 – $1000

Used to embroider logos and make patches

Fabric scissors – $26

Used to make crop hoodies, tops and long sleeves

Vintage Olympus film camera – $289

Used to photograph clothing and create desired images for social media

Canon EOS Rebel – $548

Used for digital images for website photoshoots and social media

Lumina Pro Ring light – $250

Used for taking professional photos for the sale of jewelry and will also be used  for social media

4.3 Inventory

The 2021 Sample Clothing Line Clothing Line

Upon business funding, a total of $33,000 including taxes will be allocated to Sample Clothing Line’s 2021 Clothing Line.  $30,000 will be invested in garments for the company’s primary “Cut and Sew” clothing line, and an additional $3,000 will be spent on wholesale clothing.  The company will utilize these materials for Women and Unisex clothing only; subsequently, saving Men’s clothing for their 2022 clothing line.

Starting pieces will be :

• Unisex button up shirt in short and long sleeve lengths
• Womens crop top in short and long sleeve length
• Unisex full length tee shirt and long sleeve shirt
• Biker shorts for women
• The “perfect” crop hoodie – we call it this because it literally needs to be perfect. There are too many crops out there right now to launch anything other than the right material, size, shape and fit.
• Baggy, wide leg, heavy cuffed sweat pants to match our Crop Hoodie

Have Questions? Looking To Get Started?

5.0 market overview.

Overall, there has been significant growth in the Street Style Fashion Industry.  We estimate the size of the global streetwear market at $185 billion in annual sales, making it by some estimates about 10% of the entire global apparel and footwear market.  Streetwear’s impact – both on retail culture and the numbers involved – has caught the attention of some of the most iconic, established brands in the retail and luxury goods sectors and fashion industry generally. Streetwear players come from various parts of the fashion industry. There are pure streetwear brands, while sportswear names are developing their traditional portfolio of sports equipment into a growing streetwear portfolio with the concept of cool, hip sneakers and hoodies. 3

5.1 Market Segment

The Street Style Fashion market is divided into four segments:

1. Product type:

Footwear is the key driver of purchases. More than half (62%) of consumer survey respondents selected footwear as the product they were most likely to buy, followed by roughly a third (30%) who selected tops, including both T-shirts and hoodies. Only 6% of consumer respondents selected accessories.  The general appeal of sneakers and shoes helps to explain footwear’s strong showing. This sector is powered primarily by big players ( Nike , adidas , Puma ) and plenty of smaller labels, bolstered by constant variety (endless collaborations), extreme versatility (shoes can be worn with all manner of clothing) and relatively affordable price points in comparison to luxury clothing.

In contrast to consumers’ reported desires, industry respondents overall reported hoodies, T-shirts and footwear to be their best-selling products at an equal rate. However, when looking specifically at luxury streetwear brands, a higher rate (72%) reported sneakers as their best-selling products, compared with 58% for hoodies and T-shirts. Companies who tactfully introduce sneakers to their product offering can meet the consumer’s demand and enter this market.

2. Cost per product:

Nine percent of North American and European respondents reported spending $500-$1,000 per month on streetwear, while 18% of respondents in Asia reported spending this amount. Meanwhile, 33% of North American and European consumers reported spending less than $100 a month, while only 21% of Asian respondents reported spending less than $100 a month.  In terms of average spend per streetwear product, more than half (61%) of respondents from North America and Europe reported an average spend of $100-$300, while 11% reported an average spend of $300-$500.  Average spend per product spend jumps significantly when looking at data from Asian respondents. Among Korean and Chinese respondents, 20% reported an average spend of $300-$500. By far, Japanese respondents reported the highest average spend, with 28% reporting an average spend of $300-$500 per product and another 32% reporting an average spend of $500 or more per product. 5

3. Type of Fashion Companies:

These segments include: high street fashion brands, mid-range fashion brands, luxury brands, sportswear brands, footwear brands, e-commerce retailers, freelance creative brands.

4. Regional Interests:

When measuring why consumers like streetwear, North American and European consumer respondents placed higher importance on streetwear’s community aspect in comparison to newer markets, such as Asia. Among North American and European consumer respondents, close to half (40%) indicated community was a key factor, compared to only 12% of respondents in Asia. Meanwhile, almost half (41%) of Chinese and Japanese respondents indicated political statement as a key factor determining why they like streetwear, while only 11% of North American and European respondents reported political statements. 6

5.2 Market Trends

ECOMMERCE FASHION INDUSTRY

There are four notable opportunities driving growth in the ecommerce fashion industry:

• Expanding global markets outside the West
• Increasing online access and smartphone penetration
• Emerging worldwide middle-classes with disposable income
• Innovating technologies to create experiential ecommerce

PERSONALIZATION OF PRODUCTS

According to data presented by Nosto at a recent Growing Your Online Funnel Webinar , personalization is a leading factor in ecommerce at large:

• 43% of purchases are influenced by personalized recommendations or promotions
• 75% of consumers prefer brands to personalize messaging, offers, and experiences
• 94% of companies see personalization as critical to current and future success 7

5.3 Competition

https://afends.com/

https://thrills.co/

https://pleasuresnow.com/

5.4 Competitive Advantage

Sample Clothing Line’s competitive advantage lies in its ability to understand the audience.

5.5 Risk Analysis

The most notable risk factors for the company include:

Inventory Management: If too many pieces of clothing are produced the company may be at a loss.  If not enough clothing is produced the company may be seen as a standard streetwear company “creating hype”.

Trend Analysis: In a perfect world the company’s products will represent trends on the rise, and trends in style.  However, if the company is selling products that are out of style it may lose appeal and credibility.

Marketing: This is a sensitive area that must be executed carefully.  The company’s brand identity and messaging must be in parallel with the target audiences expectations.  If at any time the brand is misrepresented, customers may be lost.

Covid-19: Considering the company’s digital strategy, Covid-19 only poses a minimal risk.  Sample Clothing Line will continue its digital strategy until Year 3, where two physical brand stores will be opened.  At that time the global population will be largely vaccinated, and if Covid-19 posed an additional risks the digital strategy could be continued.

Industry Landscape: The sheer competitive landscape of the clothing industry poses a huge risk to industry players.  Sample Clothing Line plans to minimize this risk by offering products that form a cult-like community of customers.  The company’s products will be of the highest quality fabrics, sourced sustainably, and designed by local artists and our creative team to satisfy our customers desire to express individuality and unite for social justice.

6.0 SALES & MARKETING PLAN

Our customers’ problem is they feel like none of the standard stores or shopping malls have clothing that suits them. It’s all fast fashion with no soul, or purpose behind it. All the brand logos and clothing items look the same. Our target customer wants a brand they can be a part of, and belong to.

6.1 Target Customer

Our target customer has the following characteristics:

• 18 – 28 years of age
• All genders
• Low-medium income quintile ($35,000 – $45,000)
• Socially conscious, likes to support good causes
• Passionate about music: rap, punk, r&b, hip hop, metal
• Considers fashion as a way to express their personality
• Price conscious with new brands but will buy in once brand trust has been gained
• Cares about outward appearance but not in a materialistic sense
• Either skateboards, snowboards or surfs
• Health conscious and loves brands that provide knowledge on health and wellness
• Cares about shipping prices

6.2 Key Channels

Social Media Marketing: Our young audience lives on social media.  By engaging daily on Instagram, Tik Tok and Twitter we plan to build our Sample Clothing Line community.  Our competitors have proven that social media is the most effective medium to reach 18 – 28 year olds.

Instagram Ads: Pay per click advertising (PPC), and specifically Instagram ads are an excellent way to grow our customer-base due to the availability of targeted marketing geographically and demographically.

Brand Partnerships: By partnering with other companies to create specialty items we receive visibility that wouldn’t otherwise be there.   Brand partnerships are seen as a crucial channel for growth in the Street Style fashion industry.

Muse Marketing: This is our proprietary approach to “influencer marketing”.  We want to get away from the term influencer as much as possible because partnering with influencers will lose a great deal of respect from our audience. However, people who have real, influential power will be sources of collaboration for our brand and we will call on them to publicly support us.  Through muse marketing we will develop brand advocates that lead people to live a more positive, happy and healthy life, by standing up Sample Clothing Line’s values.

6.3 SWOT Analysis

7.0 FINANCIAL PLAN

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How To Create A Clothing Line Business Plan - w/ Template

Before you can get started on your business plan… Have you set up your clothing line budget ? If not, check out this article. Once your budget is set, come back to here and get to work on your clothing line business plan.

But, before we get started

Have you heard about  the super secret document that everyone in the fashion industry uses, but no one is talking about?  Probably not. That is because  you can't find it on Google or Instagram (believe me, I've tried).

It's a form I have used for over 13 years at every job I have ever had. Literally everyone from brands to fabric suppliers use it, but you can't find it anywhere publicly. 

The best part?   It can  cut your sourcing time in half, and save you tons of money in product development ! This is the kind of info consultants charge the big bucks for. And, I'm giving it away for free until the end of the month. 

So, get ready to make fashion startup life a whole lot easier, and   GRAB YOUR FREE DOWNLOAD OF THE NOT-SO-SECRET SOURCING DOC HERE

What this article will cover:

• Executive summary
• Company overview
• Product/services
• Marketing strategies
• Sales strategy
• Competitive analysis
• Production plan
• Operation plan
• Financial analysis and projections

Now, Don't Skip This Step

A clothing line business plan is a crucial (and often forgotten step) that is needed for creating a clothing line. The plan will help you define and streamline both your long term and short term goals. It will also help you set a path to reach those goals. Not only does a business plan help you by setting a road map, but it also shows suppliers, investors, and other businesses that you are serious about your company by having a profitable plan of action.

As a bonus to this guide, I use my brand, virtue + vice, to give step by step examples, and show you how it's done. And, there's more, I have a free downloadable template to help you get started!

A Business Plan Is A Living Document

One of the most common mistakes I see founders making is that they will write their business plan, launch their product, and then never look at it again. Please don't do this. A clothing line business plan is a living document. You should use it to check in with yourself and make sure that you are meeting your goals. You can also make changes to it as your business changes.

As we all know, we can plan, and plan, and plan, but we can not plan for the chaos of life happening. So, as situations change, go back, update your plan, and re-strategize.

Keeping your business plan handy even after your launch will set you up for accountability and success.

Lastly, before we get started I am going to warn you. Making a clothing line is a lot of fun. But, it's also a lot of work, and (unfortunately) writing this business plan is the work portion of the job.

How To Write A Clothing Line Business Plan

Some business plans for fashion brands are extremely long, repetitive, and in my opinion kind of convoluted. They are a lot of words, that sound fancy and business-like, but are kind of just saying the same thing over and over. That is why I am keeping this short and brief. I have heard of people spending 6 months to a year working on a business plan. That is far too long. A month is enough - just keep it simple and don't get carried away with jargon and corporate speak.

So, let's get started.

Sections 1 + 2: Executive Summary and Company Overview

An executive summary and company overview are basically a recap of your overall business plan. While they are the first section of your clothing line business plan, you actually want to write them last. So, we will circle back at the end this guide.

But, what you can do is work on your companies mission, vission, and values.

Clothing Brand Mission Statement 

Why are you starting this company? How will your company change the market place, or even the world?

Vision Statement

Vision statements for fashion companies ask the question - What does success look like to you? Is it money? Or, is it positively impacting people's lives? How will you measure your success in the world?

Core Values

What are your companies guiding principles. What values are at your core that determine and influence your business decisions?

Mission, Vision, Values Workbook Page

Section 3: product and services.

This section should include…

• A description of the product/ service
• Features and benefits

Development

What is the product or service.

So, what is it that you are actually selling? And, how will you make money? In this section, you want to be clear about the type of product or service you are offering and how that will lead to profits.

My Service Offering For virtue + vice

virtue + vice is a consulting agency dedicated to helping companies clean up their supply chains. Target partnerships are existing and established brands with strong supply chains that need help creating transparency or sourcing ethical and sustainable components, as well as, startups who are focused on creating conscious products.

virtue + vice profits through consultancy fees paid by the customer. virtue + vice specializes in the following - sourcing, product development, production management, sustainable design, supply chain transparency, and ethical and sustainable storytelling.

To Recap Products + Services...

See, it's quick and easy. What am I selling? My consultancy services. How am I making money? Through consultancy fees.

What Are The Features + Benefits?

What are you offering that makes your company unique or special?

virtue + vice features and benefits

One key feature that separates virtue + vice from other consultancy firms is our sliding scale for pricing. Because we believe in our mission, virtue + vice pricing structure is on a sliding scale based on a companies profits. We choose to operate like this as a way to give back to small businesses, which we believe in, who might not have the finances to pay our full rates that larger corporations can afford.

Secondly, virtue + vice operates transparently with our customers. Our supplier is your supplier. Many consultancy firms keep their supplier contacts close to the vest and do not share, we welcome our clients to come and visit our partner factories in China and India, and work directly with them

To recap...

Again, super quick and easy. What makes us different. One, we offer sliding scale prices to help small businesses (we aren't only about corporate life). Two, we work transparently without supply chain secretes like many other sourcing agents.

This section answers what happens when your company grows. Or how business people like to ask "how do you plan to scale".

How does virtue + vice plan to scale?

At about 20 clients, that is manageable for me as a solo-preneur. But what happens when I have 100 clients or more? How does my company grow?

As my company grows I plan on hiring support staff in three key areas. Product development, production, and storytelling. Product development employees will assist in taking our client's projects from initial inception, all the way through sourcing and sample development up until production. The product team member will be responsible for production, and shipping logistics of that production order. And, the storytelling team will assist our clients in telling the story of their products through photos and video for social media, copy, look books, line sheets, website design, etc.

I am actually excited to soon been announcing my first hire on the product development team (but more on that on the about us page.)

So, here I have made a plan for the future. What happens when it gets to be all too much for me alone? Who do I hire to help? I have chosen to separate tasks into three main categories that make the most natural sense for my business model.

Section 4: Marketing Strategy For Clothing Business

• Market analysis
• Target customer analysis
• And, your unique selling proposition that makes your product and business different from everyone else's

Market Analysis

Do you understand the market that you are getting into? Like, do you really understand it?

This section of your clothing line business plan starts to get into proving that there is a need for your product or service. Even if something sounds great to you, if there are no customers that want it, then there won't be sales, and you won't have a successful clothing brand.

Here is how I break down my market analysis for virtue + vice

Sustainable and ethical fashion is a trend that has been growing year over year. In this article from Sourcing Journal they reported: "Overall, searches including sustainability-related keywords increased 75 percent year-on-year, amounting to 27,000 searches for sustainable fashion every month, according to the report."

This means that there is currently a sizable market share, that is growing rapidly for brands selling sustainable products to customers. And, those brands need help changing their traditional supply chain models to tap into the growing trend of sustainable fashion.

So, to recap.

What's the market doing, and how does my business play a part in that? Sustainable fashion is a proven growing trend, here is a little industry data to back that up. And, this is how my business plans to be part of that. Instead of choosing to sell direct to consumers, we are choosing to help brands that do.

Target Customer Analysis

Who is your target customer, who would want to buy your brand?

Here is who I target

virtue + vice plans to approach brands and companies that founder Melanie DiSalvo has been working with for the past decade. Because she already knows the ins and outs of their supply chains, she hopes to offer valuable changes and suggestions on targeted areas to help them become more ethical and sustainable.

Now, I understand that everyone does not have a built-in customer base like me. One of the most beneficial pieces of advice I can give is that you should go niche, and not broad.

To simply say "we are targeting people interested in making more sustainable and ethical purchases". Well, every big brand from H&M with their conscious collection to Walmart with their recycled t-shirts is doing that.

What makes you special? Pick something, one thing that makes your customers different. Maybe they are really into composting, so all of your materials are compostable. Maybe they are really into clean water, so your entire supply chain is dedicated to conserving water resources.

Again, I am saying this again, because it is so, so, so important. You can't be everything to everyone. Choose something laser-focused, and then as your brand grows you can expand into other areas.

How Are You Unique?

Did you see what I did there? By choosing a very niche target customer, you have already made yourself unique, and you stand out from the crowd.

How is virtue + vice unique?

virtue + vice is unique because of founder Melanie DiSalvo's extensive time spent living and working in countries like China, India, Taiwan, the Philippines, and the Dominican Republic. She has spent over 1/2 of her career working overseas and that offers her a unique and detailed first-hand perspective on how the fashion industry really works and the best ways to implement change quickly and effectively.

My tips for this section.

Don't be afraid to get a little braggy. Why does your customer want to buy from you? What makes your product so great that it's better than what is already out there on the market. Don't hold back.

Section 5: Sales Strategy

This section should include...

Sales Goals

Price strategy.

• Investments into sales

What are your sales goals per quarter? For the year? The next 2-5 years? What is your pricing strategy? How will you sell? Do you have an online clothing store? Do you have plans to hire support staff for sales, as a showroom, salesperson, or go to trade shows? Will you open a boutique? Will there be promotional campaigns to support sales like partnerships, advertising, fashion shows, and events, etc.

How much, and how often do you need to sell to turn a profit? At what rate do you plan to grow?

This is what I have in place for virtue + vice

I am uncomfortable sharing that. Here is what I will tell you. My consultancy business is strong enough that I am able to offer all of this information that some other companies charge hundreds or even thousands of dollars for, for free.

My business is healthy enough that I am able to give back to the fashion community at this time.

Are you going to try and sell tons of product at a low price, or fewer units at a higher price? Do you plan to drive sales through special discount promotions?

As I mentioned earlier virtue + vice works on a sliding scale so we are able to help smaller brands build their businesses.

How Will You Sell?

Are you direct to consumers, selling online? Are you business to business? Will you wholesale, will you have a distributor? What is your plan and break down?

At the moment virtue + vice relies mostly on word of mouth and referrals.

Do you need to hire support staff? What does that staff need to do their job? Can you sell on your own, or do you need help from a pro? For example, if you hire a showroom, not only will you have the monthly cost of the showroom, plus a cut of sales that the sales agent will take. But, you will also have fees to be in the showrooms booth at trade shows. Maybe at the tradeshows, you will need some special promotional items like look books, line sheets, or even a giveaway so buyers remember you.

It Costs Money To Make Money

All of the costs associated with sales, need to go back into your price strategy. Price strategy is like a balancing act. You need to invest in it, but you need to make sure that your sales are more than the investment so that you can be profitable.

This is the hard part

This part of your clothing line business plan should probably take the most time, Really research what everything costs, what your product will cost to make, etc and come up with a well-researched plan.

How I invest in my sales

At virtue + vice I do everything myself. But, people reading this that want to sell a service like me, it's important to remember that your own personal time costs something. While it's not a salary, or an actual expense, the hours that you devote to generating sales for your company should be compensated for.

Section 6: Competitive Analysis

• SWOT analysis

How Do You Compare To The Competition?

This is where you get a little stalkerish. In this section, you need to identify your competition and then the advantages and disadvantages of your competitors. You will need to research things like how long they have been in business, their annual sales (if they are public). How they market themselves. Then compare your price, quality, and general vibe to theirs. Maybe you are selling the exact same thing but have a totally different target customer and vibe you are putting out.

One of the best ways to get you started is through a SWOT analysis.

Ok, so let's get to it with virtue + vice

Who is my main competition?

I just did a quick google search of keywords that I thought my compeators would rank for. And, let's call my top three competitors A, B, and C. Luckily I do not know any of these companies or people personally. So, I don't have to hold back in this analysis.

Before we dive into the SWOT analysis, here is a little info about each company.

Focuses on scaling small businesses.  

The website was launched in August of 2018.

And, the founder just so happens to have no information about her experience. But a quick google and Linkedin search shows her background is in marketing for telecommunication companies. Good for them with SEO, but they don't have any real experience in the industry.

Dubs themselves as a strategic advisory for fashion and apparel brands. Offering a full range of different services. 

The founder started her sustainable and ethical fashion consultancy business over 8 years ago with 20 years of fashion industry experience. And, has worked with many small, yet well known sustainable fashion brands.

A many different hats consultant that can help brands with things from marketing, so supply chain, to design. 

The founder has over 20 years of design experience working with some seriously well known household names that do not have a focus on sustainability.

Competition is a good thing

A lot of times when people start their SWOT analysis they see other people doing what they want to do and they give up.

Don't do that. Competition is good.

Two of these ladies have been in the clothing business for over 10 years working in sustainable fashion consulting. That means it's a good market to be in. They have been making living out of sustainable consulting for a decade. So, business must be good!

Think about fashion in general. There are so many brands, like super successful American Eagle, which was basically just a knock of Abercrombie back in 2003. Don't' let competition discourage you.

The point of SWOT is to figure out your advantages and how to position your brand in the market.

I am working on writing a full SWOT and fashion business competition analysis post, that will be coming soon. For now, I will just quickly go through one example. For this article, I have chosen Company B because their business most closely resembles mine.

How To SWOT

SWOT stands for strengths, opportunities, weaknesses, threats.

Like I mentioned, a lot goes into a SWOT analysis. I am just doing a quick one here to give you a brief idea about what it is.

What advantages does your brand have?

virtue + vice is located in NYC, one of the fashion capitals of the world. Comapny B in New Zeland, has a much smaller fashion scene, and the geographical distance makes networking and partnerships more difficult.

I spend 1/2 the year in India. This keeps me close to my supply chains on the ground, and able to help clients with content about how their products are made as well as live updates. It also offers an added layer of authenticity.

Opportunities

Opportunity is a natural progression from strengths. How can you use your strengths to become even stronger?

My geographic strength of being in NYC leads to more networking opportunities and the ability to attend more fashion events. My life in India allows me to be on the ground working directly with factories so I am first in the know with the latest news.

Company B has been at this longer than me. Almost exactly twice as long as me. Also, one of the things that I thought made me unique - my long history working with well-established brands is also a strength of Jacinta's. We have even worked with some of the same brands!

Threats, analyze what obstacles you face because of your weaknesses. For me one of virtue + vices threads is authority. The fact that Company B has been in business for twice as long, gives them more authority in this space.

Now there are tons more strengths, opportunities, weaknesses, and threats that I could add. And I would recommend doing this exercise for at least 3-5 competitive brands. Again if you want to learn more I will be putting out a full competitive analysis guide with a lot more details and info on how to do a proper SWOT. But for now, I think you get the idea.

Section 7: Production Plan

• Company development, sales, production, and delivery calendar

The Importance of Timelines

This is basically a development and inventory calendar. How many seasons a year will you produce? When will you develop them? Sell them? When will you produce them? And, when will they sell in stores, and even be discounted?

virtue + vice follows our customer's timelines. So, what I am working on for them, depends on their business model. Some of our customers are seasonal, and only put out one main collection per year. Some two seasons, and some up to seven. And, our clients are all over the world. So our southern hemisphere clients are working on a totally different season than brands in the North.

For example, I am working on everything from Summer 2020 (happening like now!) for quick deliveries to Fall 2021, that's not this fall coming up but the fall after it (18 months from now).

How To Set Up Your Calendar

As a brand, I would recommend setting up your calendar around industry tradeshows to start out. The below break down is for America's sales season.

There are 6 major fashion seasons. They are spring, summer, fall, winter, holiday, and resort.

And, there are 4 main dates you need to keep track of for each season. They are development dates, sell dates, and production dates, and delivery dates.

development dates

Are the times you will be developing your product for the next season. You are going to want to plan for 3 months of development time before your sell dates.

Are the dates there will be trade shows and other sales opportunities for that season.

production dates

Are when you need to start producing the goods, and when they need to be finished by.

delivery dates

Are when the goods need to be delivered to your customer. Remember it can take over a month to ship goods from a factory if you are shipping by sea, so factor that in.

the fashion calendar

SPRING Development Dates - May - August Sell Dates - August - October Production Dates - October-January Delivery Dates - January - March

SUMMER Development Dates - July - September Sell Dates - October - January Production Dates - December - February Delivery Dates - March - May

FALL Development Dates - October - December Sell Dates - January - March Production Dates - April - June Delivery Dates - July - August

WINTER Development Dates - December - January Sell Dates - March - April Production Dates - June Delivery Dates - September

HOLIDAY Development Dates - February - March Sell Dates - May - June Production Dates - July Delivery Dates - October

RESORT Development Dates - March - May Sell Dates - June - August Production Dates - July - September Delivery Dates - November - January

Get Detailed

But, this section needs to go even more in-depth than just a timeline.

To understand what goes into product development, production, and sales and marketing schedule I am working on writing full courses on all of those coming soon!

Section 8: Operation Plan

• Your company budget

What Do You Need To Keep Your Business Running On A Daily basis?

Remember that budgeting guide I wrote ? This is where all that info goes. Filling out this part of your clothing line business plan should be easy if the budget was done correctly.

virtue + vice operatin plan

I work from home, so that saves me a lot of money. I don't have full-time employees, so that also requires me to have less capital for salaries. Where I personally spend most of my money is on travel.

And, no it's not the glamorous kind of travel. It's me booking a ticket at 6 am for a flight to India at 9 pm that same day so I can go straighten out some sort of supply chain issue we are having in person.

Do I have to travel? Well, that's 50/50. A lot can be done remotely. But, there is always a special touch that comes when you do business in person. You will find that almost any time in business when you are face to face the dynamic is different. Even just taking a conversation off of email and onto the phone can makes huge difference.

Necessary recurring monthly costs for me are the website domain, hosting for the website, apps, and programs I use like Grammarly, Adobe, and quick books.

Basically you can take your budgeting template and use it for this section. Yay! The work is already done for you.

Section 9: Financial Analysis + Projections

Again, this is where budgeting is going to come in handy. You might even want to hire a professional bookkeeper or accountant for help with this.

• The money you need to get started
• How you will use that money
• The income you hope to make off of your products
• And, balance sheet

Financials make most peoples heads spin, that is why I definitely recommend talking to a pro for this part.

At virtue + vice I have a full-time bookkeeper and an accountant. I am uncomfortable sharing my companies finances publicly. But, if you need help with this section, that's why I suggested at the start of this article to help get your financial plan for fashion business in order before even starting the business plan.

Back to Sections 1 +2: Executive Summary + Company Overview

Now back to the top. Remember, we skipped the executive summary and company overview. Now that we have mapped out our entire business plan we need to recap everything by writing these two summaries.

Executive Summary

This is where you can hook potential investors. It's the first section anyone reads of your plan, so make it clear and quick.

Here is mine for virtue + vice

virtue + vice is a consultancy firm dedicated to helping companies clean up their supply chains. We are located between NYC and Goa, India. Our dual locations allow us access to the world's fashion capital, while our time spent in India allows for close monitoring of our supply chains.

Our goal for virtue + vice is to assist companies who are realizing that sustainable and ethical fashion is not a trend that is going away anytime soon, and want to be the process of cleaning up their supply chain. We offer support across all product life cycle steps including - conscious design, sourcing, product development, production, marketing and branding, retail and sales, storytelling, and content.

Key things to include in your executive summary

What you do. Where you are located. Benefits of your location. What you are selling. Why what you are selling is a great idea. Again, it's ok to get a little braggy here.

Company Overview

You can use this part to dive a little deeper into you and why you are starting your brand. Who are you? Why this product? How are you qualified to do this, etc? Why are you designing the type of products you are designing (hint, hint, market research). Etc...

this is my company overview for virtue +vice

virtue + vice was founded by Melanie DiSalvo. In her own words

"After working in fast fashion for 7 years I left my position as Director of Product Development with the goal of helping brands clean up their supply chains.

At the time I had a great salary, was working my way up the corporate ladder, under 30 and already had a director's title, and was traveling the world to developed and produce products for brands like Walmart, Target, Ralph Lauren, and Levi's to name a few.

The problem was that I saw and learned too much about how our clothes are really made in dark corners of the world.

So, I made it my goal to expose the industry by educating curious customers and help brands choose better supply chain partners. I have been featured in publications like WWD, VOX, Sourcing Journal, and more. And, was a speaker at SXSW."

virtue + vice aims to target clients from the fashion industry with well-established brands as well as startups to aid them in supply chain transparency and creating conscious products for this growing market share. virtue + vice will work with each client individually to meet their seasonal needs.

We believe our strength is our 10 years experience in this industry and the supply chain partners we have developed relationships along the way. Our plan. is to operate out of NYC and India for the foreseeable future where our founder has homes, and hopefully to expand to a third location in China in the next 5 years.

We believe that our dedication to quality and transparency, along with a sliding consultancy rate, will keep us profitable in years to come.

company overview recap...

See what I did here? I spoke more about myself and created a little background story. Then I hit all the other points of the business plan quickly - marketing, sales, competition, production, operation, financial.

And, We're Done!

And there you have it. A clothing line business plan. I hope this helps. After coming across so many generic business plan templates online, I was inspired to write something a little more intimate. I really wanted to show you what goes into making a business plan, and in the spirit of transparency open up about how my business works.

Remember, business planning is a lot of hard work. But, when clothing brands put in the effort at the start of their business, they have a much higher chance of success and growth.

Continue reading

how to start a clothing line for free - tips + tricks

Manufacturing Leggings - Everything You Need To Know

Fashion Branding Tips + Brand Guidelines - FREE WORKBOOK

Sajeira — January 6, 2024

Thank you so much for sharing your valuable knowledge !

Chrystal — December 13, 2023

Amazing article! Thank you for being so transparent. This was really inspiring and motivating.

Sachin — November 11, 2023

Really great article

Sandeep Kaur — January 30, 2023

Thank you so much for the wonderful information regarding a valuable business plan and it’s different stages. Thanks again

Emmanuel — October 18, 2022

Thank you so much for the advise I would like a guide on my business plan Thanks

Opeyemi Kadri — October 18, 2022

This piece is so helpful. Thanks for sharing. God bless

Nana — August 2, 2022

Very detailed and understanding

mena cashback — June 17, 2022

You are so awesome! I do not believe I’ve read through something like that before. So wonderful to discover somebody with original thoughts on this subject matter. Really.. thank you for starting this up.

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How to create a business plan for a clothing line

Do you love fashion and making your own clothes? If so, you may have decided to launch your own clothing line.

Before being able to open your doors to customers and exchange your threads for cash, however, you'll have to write a tailor-made business plan.

Not sure what a business plan is or where to start? Don't worry. In this guide to writing a business plan for a clothing line, we've got you covered. Read on for our top tips on how to make your entrepreneurial dream into a reality!

What is the business plan for a clothing line?

The business plan for a clothing line enables an entrepreneur to examine their business in detail, evaluate the amount of funding needed to get it up and running, and assess its expected profitability.

It also serves as a roadmap for the business' first three years of operation. As your clothing line moves through its first throes of operation, you can use the business plan to track whether it's flourishing as it should, by comparing the figures estimated in your initial forecasts.

A clothing line business plan will also be specifically requested by any bank or investor you decide to approach, so drafting one up is a mandatory step when it comes to securing financing.

So what does a business plan for a clothing line look like? In a simplified way, it consists of two main parts:

• A financial forecast highlighting the expected financial performance over the next 3 years and the potential for profitability
• A written part that presents, in detail, your project, the team, your business strategy, and your medium-term objectives.

What information is needed for a clothing line business plan?

Carrying out market research for a clothing line will be the very first step of creating your business. It will not only enable you to understand the dynamics of the market you've chosen to enter (whether it's luxury clothes or sportswear) but also help you verify whether there is an unmet demand for the clothes and accessories you wish to offer.

The market research stage pushes an entrepreneur to dive into the latest sector trends, expectations, and buying habits of future customers, as well as their competitors and the most effective channels for marketing and selling their products.

Once the market research is complete, you should be left with a clear target clientele, as well as a pricing strategy that's consistent with your concept.

You'll then be able to develop a marketing strategy to get the name of your clothing line out there, listing the budget to be set aside for these actions, whether it's setting up a website or paying for an ad in the local city guide.

Before writing your clothing line business plan, you'll also need to evaluate your staffing and equipment needs, and how your clothes will be manufactured - adding up the cost of each element.

Once you've gathered this information, you're ready to develop your financial forecast.

The financial forecast of your clothing line

Establishing the financial forecast is an integral step in the development of your clothing line's business plan.

It is composed of 4 main tables, highlighting different financial aspects of the company:

• Projected P&L statement
• Projected balance sheet
• Projected cash flow statement
• Initial financing plan

The projected profit and loss statement

With this table, you'll have an overview of the expected turnover, growth, and profitability for your clothing line over the first 3 to 5 years of activity.

The projected balance sheet

The projected balance sheet shows the value of the company's assets and liabilities at a given time, and, in particular, the value of the assets (what the company owns) and liabilities (what the company owes to suppliers, lenders, etc).

The projected cash flow statement

With the help of a projected cash flow statement, you will see how much cash is generated by your clothing line, where it comes from, and how it is used, whether it's enough to repay its loans or purchase new fabrics.

You'll also be able to see if you have enough cash to fulfil these obligations, or even if you might soon have enough cash to expand your business by opening more stores or warehouses.

The initial financing plan for your clothing line

This section of your clothing line's financial forecast gives your bank or investor a quick overview of the resources needed to launch your business and their costs - as well as ways in which they'll be financed, including via equity contribution, shareholder loans, and bank loans.

What does the editorial part of a clothing line business plan look like?

Once the  financial forecast of your clothing line has been set up, you have the opportunity to put these figures and estimations into context by delving into the written part of your clothing line business plan.

The editorial section of your clothing line business plan is just as important as the financial forecast because it presents each aspect of the business in detail and proves to investors that you've thought carefully about the risks associated with it.

It's broken down into 7 sections, which we have summarised below:

The executive summary

Think of this section as the equivalent of a cover letter for your clothing line business plan. The aim here is to introduce your project to investors in as engaging and concise a manner as possible, encouraging them to read on and learn more about your exciting venture.

In this part, you place a spotlight on the business's partners and their roles, as well as the distribution of the company's capital and the location (or online domain) of your clothing line.

Products and services

This section explains the products being sold by your clothing line, as well as the manufacturing process of your clothes and accessories.

Market research

It's within this section of the clothing line business plan that you'll present the results of the market research we mentioned at the beginning of this article. The objective here is to demonstrate that there is indeed a viable business opportunity for your clothing line to flourish.

In this part, you'll reveal three key plans:

• Your sales strategy - the prices you'll set
• Your marketing strategy - the actions you'll take to attract customers and build customer loyalty
• Your risk management strategy - how you'll minimise the risks related to your business

From your employees to your relationship with suppliers, you'll detail the operational organisation of your business.

The financial plan

The financial plan puts your numbers into tables that you'll be able to present to potential investors so they get a better idea as to your expected profitability and how much funding you need.

What tool should I use to write my business plan for a clothing line?

Write your business plan using word or excel.

This solution has one major advantage: it's cheap.

Be wary, however, that you'll need to have an accounting background (or at least be very good with numbers) to write your plan in this way without making mistakes in the calculations.

Hire a consultant to write your financial forecast

Hiring a chartered accountant or consultant to take care of the financial part of your clothing line business plan is a good way to avoid errors.

However, the fees are generally quite expensive: budget around £1.5k ($2.0k) for a complete business plan, plus more if you need to make changes after the initial version (which happens frequently after the initial meetings with lenders).

If you decide to hire a consultant or accountant, remember to check what's included in the service - are they developing a complete business plan or just doing the financial forecast? And are you willing to pay extra for them to make changes, if necessary?

Use online business plan software

If you're not used to writing business plans, another good solution would be to use online business plan software .

There are several advantages to using specialized software:

• You are guided through the writing process by detailed instructions and examples for each part of the plan.
• You can be inspired by already written business plan templates
• You can easily make your financial forecast by letting the software take care of the financial calculations for you.
• You get a professional document, formatted and ready to be sent to your bank.

If you are interested in this type of solution, you can try our software for free by clicking here .

That's it for now, we hope this article has helped you better understand how to write a business plan for a clothing line. If you have any questions related to setting up your business, please do not hesitate to contact us.

Also on The Business Plan Shop

• Business plan template of a clothing line
• How to start up a clothing line
• How to create an ethical and sustainable fashion brand

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Founder & CEO at The Business Plan Shop Ltd

Guillaume Le Brouster is a seasoned entrepreneur and financier.

Guillaume has been an entrepreneur for more than a decade and has first-hand experience of starting, running, and growing a successful business.

Prior to being a business owner, Guillaume worked in investment banking and private equity, where he spent most of his time creating complex financial forecasts, writing business plans, and analysing financial statements to make financing and investment decisions.

Guillaume holds a Master's Degree in Finance from ESCP Business School and a Bachelor of Science in Business & Management from Paris Dauphine University.

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Streetwear Brand Business Plan Sample

MAY.09, 2019

Do you want to start streetwear brand business?

Are you going to launch your own streetwear clothing business? Streetwear clothing is one of the most profitable business niches you can invest in. The popularity of casual clothing which started in the 1990s hasn’t yet faded away, nor will it decrease in the decades to come.

The increasing demand for casual clothing such as jeans, sneakers, and punk shirts make this business extremely profitable, but to make your venture a success, you will have to meticulously plan each and everything before launching it.

You can only do that by creating a well-thought-out streetwear brand business plan. To help you with it, we are providing below a sample business plan of a streetwear clothing startup, ‘Punk Wear’.

Executive Summary

If you are looking to start a streetwear brand, this streetwear business plan sample will help you in the startup, besides also helping you make your own streetwear business plan.

2.1 The Business

Punk Wear will be an Orlando-based clothing line, which will initially comprise of a display center and a production facility. The display center, which will also be the company headquarters, will be started in a 2000 square feet shop in downtown Orlando.

2.2 Management

Punk Wear will be started by Jackie Kit, a serial entrepreneur from Orlando, who will hire an extensive team of employees including production workers, store assistants, accountants, etc., to make his venture a success. Being a serial entrepreneur, Jackie knows how to start a streetwear brand and make it a success.

2.3 Customers

Punk Wear will be a one-stop shop for all streetwear clothing and will provide an assortment of products ranging from casual shirts, to punk jeans, to sneakers. We will provide our high-quality products to the local residential community as well as departmental stores, and our customers will also be able to make a purchase through our online store.

2.4 Target of the Company

Our target is to become the best streetwear company in Orlando by the end of the next two years, and achieve the following profit margin targets for the next three years.

Company Summary

3.1 company owner.

The company will be started by Jackie Kit, a serial entrepreneur from Orlando, Florida, who moved to the US two decades ago to pursue his degree in entrepreneurship from MIT. After completing his Masters, he went on to start a series of successful ventures.

Starting from an e-commerce store, Jackie moved on to launch a book shop and a vintage musical store. All the three ventures have been a great success and Jackie now looks forward to moving to an even bigger initiative. Due to his extensive business experience spanning decades, Jackie knows how to start a streetwear brand and make it a success.

3.2 Why the Business is being started

Being a serial entrepreneur, starting a streetwear brand business is the next stop for Jackie. Starting this business is undoubtedly the best way for him to invest what he has made from his previous ventures. It is also a good use of his vast knowledge and experience.

3.3 How the Business will be started

A well-thought-out business plan will go a long way in helping you how to start streetwear brand. That’s why Jackie made sure to prepare a comprehensive business plan detailing all aspects of his venture.

Punk Wear will be an Orlando-based clothing line. For startup, the company will procure a clothing production facility as well as a display center. Jackie plans to purchase an existing production facility located on the outskirts of the city and make necessary changes to it.

The display center, which will also serve as company headquarters, will be located in downtown so that it attracts as many customers as possible. A 2000 square feet shop has been procured on lease to serve as Punk Wear display center. The startup requirements summary is given below.

Before thinking about how to start your own streetwear brand , one should plan in detail all the services that will be provided to customers. It helps to plan the other components of the startup.

Punk Wear will be a one-stop shop for all streetwear clothing and will provide an assortment of products ranging from casual shirts, to punk jeans, to sneakers. Only the apparels will be manufactured by the company under the brand name of ‘Punk Wear’.

Besides clothing, all other products will belong to famous brands. These products will be offered to encourage sales and provide a one-stop service to customers. Our products include but are not limited to:

• Men’s streetwear : Jumpers, Hoodies, Jeans, Pants, Shirts, Shorts, Singlets, Tees, Backpack, Bag, Button Ups, Footwear, Headwear, Jackets, Watches
• Women’s streetwear : Jumpers, Hoodies, Jeans, Leggings, Pants, Shirts, Shorts, Singlets, Tees, Backpack, Bag, Button Ups, Footwear, Headwear, Jackets, Watches
• Kids’ streetwear : Jeans, Footwear, Headwear, Jackets, Jumpers & Hoodies, Shorts, Tees
• Gifts and accessories

Marketing Analysis of Streetwear Brand Business

Marketing analysis is one of the most important components of your business plan as it helps you develop an effective streetwear brand marketing  strategy needed to target and attract customers. You can get help from this  streetwear business plan template to carry out a marketing analysis before starting your venture. You can also take to the internet to get streetwear clothing brand name ideas as well as other related information.

5.1 Market Trends

Streetwear clothing is in great demand due to their casual nature and relatively lower prices as compared to other types of clothing. Ever since they started in the 1990s, the popularity of streetwear clothing such as jeans and casual shirts have been increasing. The market for this business niche will continue to increase over the course of the next few decades.

5.2 Marketing Segmentation

It is very important for you to analyze your target audience so that you can develop effective marketing strategies to attract them to you. The marketing segmentation of our potential customers is as follows.

5.2.1 Residential Community

Our first target group will be the local community residing in the vicinity of our display center in Orlando. Punk Wear will provide best-in-class streetwear to men, women, and kids from the residential community.

5.2.2 Departmental Stores

We will also supply our branded clothes to the departmental stores located across Orlando as well as a handful of nearby stores. As our business grows with time, we will increase the number of departmental stores to whom we will supply our streetwear.

5.2.3 Online Purchasers

Customers located across the US will also be able to purchase our products through our online store.

The detailed market analysis of our potential customers is given in the following table.

After you have conducted a marketing analysis to know who your target audience is, the next step is to create an innovative sales strategy to convert your audience into your costumers. You can download this streetwear business plan pdf to get help with your sales strategy or you can also search the internet for new ideas. Sales strategic plans is an important component of a streetwear business plan so make sure to plan it carefully.

6.1 Competitive Analysis

Our biggest competitive advantage will be our location, which is almost ideal for opening a streetwear store . The residential community located near us will help us a lot in kickstarting our venture. Our clothing line will be relatively cheaper than other similar products but still, they will be of the highest quality possible. It will be another competitive advantage for us. Finally, we will provide exceptional customer service to convert our visitors into loyal customers.

6.2 Sales Strategy

Our experts have come up with the following strategies to advertise and sell our products.

• We will advertise our products through print as well as social media
• We will allow our customers to buy our products online with an easy-to-use online store business plan
• We will offer gift hampers and attractive discounts on our products to encourage sales
• We will provide special discounts on customer referrals

6.3 Sales Forecast

Considering the current market demand of our products and our sales strategy, our experts have forecasted following sales on a yearly basis which are summarized in the column charts.

6.4 Sales Monthly

6.5 Sales Yearly

Personnel plan

Before starting a streetwear company, you must create a list of the employees required to run your business as well as their job descriptions. It’s always better to hire your staff before launching your startup so that you can train them efficiently.

7.1 Company Staff

The following staff will be hired on a contract basis for the startup.

• 1 Production Manager for managing the production facility
• 10 Production Workers for operating the production plant
• 2 Accountants to maintain financial records
• 3 Fashion Designers for launching new ideas
• 8 Assistants for operating display center
• 2 Drivers for transportation purposes
• 1 Front Desk Officer to act as receptionist
• 1 IT Expert to manage the online store

7.2 Average Salary of Employees

The average salaries of employees are as follows.

Financial Plan

The final step you will have to take before starting a streetwear business is to make a financial plan to determine all the costs involved in your startup. The costs include both the direct expenses such as the cost of inventory and indirect expenses such as the overhead costs.

Your financial plan should cover all the financial aspects of your startup so that you can easily manage your startup expenses and the salaries of your employees while also achieving your financial goals.

If you’re starting on a smaller scale, you can take help from various streetwear production business plans available online to make a financial plan for your business. Otherwise, you should seek financial experts to help you through this phase.

8.1 Important Assumptions

8.2 brake-even analysis.

8.3 Projected Profit and Loss

8.3.1 profit monthly.

8.3.2 Profit Yearly

8.3.3 Gross Margin Monthly

8.3.4 Gross Margin Yearly

8.5 Projected Balance Sheet

8.6 business ratios.

Download Streetwear Brand Business Plan Sample in pdf

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Womens Clothing Boutique Business Plan

Start your own womens clothing boutique business plan

De Kliek Style Studio

Executive summary executive summary is a brief introduction to your business plan. it describes your business, the problem that it solves, your target market, and financial highlights.">, opportunity.

There is a need for a fashion boutique that caters to the busy female professional woman who lives in Los Angeles with a household income over $250K. She enjoys the boutique fashions and wants a place where she can go to get services that meet her busy lifestyle. She has cash to burn and a job where she can’t get ahead without dressing the part. 

De Kliek will provide services such as Style Assessments, alterations, personal shopping, and special ordering to customers during store hours and by personal appointments. 

Research has shown that women are stressed, have little time to shop, and would generally like help in determining the right clothes and styles to wear. With over 61 million U.S. women between the ages of 25-54 spending over $34 billion in apparel each year, there are sure to be some mistakes made in clothing choices. 

Competition

Direct Competition:

• Girl and Her Dog
• Margaret O’Leary
• Susan of Burlingame
• The Grocery Store

Indirect Competition:

• Abigail Morgan
• eLuxury.com
• The Designer’s Club
• Yoya Boutique
• All other LA Boutique Retailers

De Kliek is different because it provides services the others don’t such as: style assessments, alterations, personal shopping, and special ordering to customers during store hours and by personal appointments. Style Concierges who are trained within the image industry will be available to customers on a daily basis. De Kliek’s innovative Style Assessments and educational emphasis in helping women develop their personal styles will enhance our reputation as a truly unique boutique.

Expectations

• Start-up costs include inventory for the first month, and are estimated at $117K. Financing including working capital is to include the owner with $40K, a family-member investor $45K, and an SBA loan for $90K.  
• Annual gross sales are projected to grow from $650K+ in the first year to over $1M by Year 3, with approximately 10% from customer special orders. These Sales forecasts are approximately three-quarters the average of benchmarked Los Angeles boutiques. Net profits are expected at approximately 6% through 2007, with reinvestment of 5% for growth initiatives.

Financial Highlights by Year

Financing needed.

We need 175000 to start. The owner will give 45000, an investor will give it 40,000 and there will be an SBA loan of 90,000. The loan and the investor will be paid back by year 4

Problem & Solution

Problem worth solving.

Women professionals with fashion-forward needs have disposable income with no idea what works best for their bodies. There are also a significant portion of professional women who work crazy hours and have countless events and no time to shop for themselves. Women are judged on appearance so the money they raise or their job advancement is dependent on their clothes and their style choices. They have to look good to get ahead and are not sure what to buy or how to deal with their own style. 

Our Solution

De Kliek Style Studio is an upscale women’s clothing boutique that intends to open in Noe Valley in July. De Kliek means "clique or circle of friends" in Dutch; this defines the boutique and its essence of inclusion. De Kliek carries beautiful designer labels for professional women, such as the sophisticated silhouettes of Herr Frau and luxurious Jamin Puech handbags. De Kliek’s clothing selections and exclusive personal style services, which include a detailed Style Assessment that features nine different style personalities, will ensure that our customers are always well dressed.

Target Market

Market size & segments.

(Note: the information here is not valid for re-use. Dates and details are incorrect. This is here for illustrative purposes only, as part of a sample business plan intended to be used as an example only.)

There are various economic forces that affect apparel retailers. Consumer confidence is the most important; people don’t shop when they are not feeling good. Unemployment also has an effect, in that fewer women out in the workforce means less disposable income for high-end quality clothing. Thus, the large discounters (Target, Sears and Wal*Mart) are now working with top designers to bring designer apparel to the masses. Although they can’t compete on quality, their continued development of the trend could have a direct impact on retailers who sell designer clothing during tough economic times.

Fortunately, the luxury goods market, of which De Kliek is a part due to the high-end brands it will carry, has remained recession-proof, as clearly indicated by the successful 2016 results for Coach, Tiffany and Saks. According to Women’s Wear Daily, luxury firms forecast a strong 2017, particularly for accessories and footwear. However, the strong Euro and slowdown in wealth creation are big concerns and managing a balanced quality-price ratio is the key to success for luxury retailers.

"Fashion is a requirement for those who are high in their success." -Luxury Consumer

In the luxury market, luxury consumers (defined as "affluents" who have household incomes of over $100K) spent more in 2016 than 2015. [1] Based on focus groups, United Marketing believes luxury consumers see apparel and accessories as more of a necessity than a luxury. This is good news to boutique retailers. There are over 800 clothing boutiques in the LA Area; approximately 19 percent of these generate over $500K in sales.[2] In fact, women’s clothing stores in Los Angeles have a 62% higher sales growth rate than the national average; this can be attributed to the fact that the average household in Los Angeles is considered affluent.

______________________________________________

1) For illustration purposes only. Original source omitted.  2) For illustration purposes only. Original source omitted. 

Market Segmentation

Market Needs If you were to overhear women talking in a dressing room, you would more than likely hear them comment on something they’ve tried on and question how they should wear it or what it will go with in their closet. Research has shown that women are stressed, have little time to shop, and would generally like help in determining the right clothes and styles to wear. With over 61 million U.S. women between the ages of 25-54 spending over $34 billion in apparel each year, there are sure to be some mistakes made in clothing choices. Television shows such as BBC’s "What Not to Wear" and Style’s "Fashion Emergency" clearly speak to a woman’s confusion about what looks best on her. Even women who can afford a professional stylist feel helpless and often jokingly request that their stylist come to their home every morning to help them get dressed.

"Within a decade, the companies that do the best job of marketing to women will dominate every significant product and service category." -Faith Popcorn

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Target Market Segment Strategy

Los Angeles is rated amongst the top U.S. markets in economic and educational achievements. At an average age of 40, the Los Angeles professional is highly affluent, with an average family household income of $180,903 and a median home value of $622,170. Close to 50% have a bachelor’s degree and 40% of these professionals hold a postgraduate degree.

De Kliek customers will learn about the boutique through the following sources:

• LA Neighborhood Storefront
• Friends & Customers (word of mouth and email)
• Personal shoppers and stylists
• Women’s Fashion Magazines articles and reviews such as W, Lucky, Marie Claire and Vogue
• Local press mentions & ads
• Travel and shopping books and websites

The Primary Customer

The primary De Kliek customer is a professional woman with a household income over $100K.  Her demographics are: 

Her main characteristics are listed below:

Demographics Professional woman (ages 30-55) Household income over $100,00 College-educated Lives in a higher-income LA neighborhood Psychographics Looks for bargains (seasonal fashion) but willing to spend money on quality, core items Would like more time or help in understanding what clothing is right for her She wants to look her best because she wants to feel good about herself as well as make a good impression at her job Leisure Activities Listens to NPR Supports the Arts Reads Vogue, New Yorker, Bon Apetit, Lucky Watches Bravo, BBC, HBO Internet savvy Travels, owns a passport She enjoys eating out as well as taking time for herself at the spa or getting a mani-pedi Clothes Shopping Behaviors Spends over $2,500 for clothes each year Shops at Boutiques, Nordstroms, and Banana Republic Wears a size 6, 8, or 10 Buys mostly tops and pants Looks for classic, basic items each season, with 1-2 trendy items She cares about how she presents herself, enjoys fashion, and looks for quality over quantity

Sources: 

[1] For illustration purposes only. Original source omitted.  [2] For illustration purposes only. Original source omitted.  [3] For illustration purposes only. Original source omitted.  [4] For illustration purposes only. Original source omitted.  [5] For illustration purposes only. Original source omitted.  [6] For illustration purposes only. Original source omitted.  [7] For illustration purposes only. Original source omitted. 

Current Alternatives

Main Competition: From a "look & feel" perspective, as well as consideration of designer lines that De Kliek will carry, Dish in Hayes Valley is considered the main competition. The following is a comparative analysis of Fish and De Kliek:

Open Mon-Sat 11-6, Sun 12-5

Plenty of places in Los Angeles cater to the well-heeled, but this area also reaches out to the adventurously heeled — and dressed.

Fish’s collections largely come from American designers such as Nanette Lepore, Lauren Moffat, Vince and Katayone Adeli

Customer Service

The owner of Fish is fashionable and knowledgeable. She is considerate of her customers and allows them the space to shop on their own (a very important aspect for women!)

Features and Atmosphere

Sleek and modern interior with a warehouse feel. There are three dressing rooms with linen curtains that pull a bit from the walls so privacy is not 100% guaranteed.

Our Advantages

Although De Kliek will bring high-quality clothing and value to Los Angeles women, the most significant competitive advantage De Kliek will have over all competitors is dedication to providing an approachable retail atmosphere with top-notch customer service. De Kliek’s unique selling proposition is the integrated concept of personal style services: from events and bios that educate shoppers on designers, to personalized Style Assessments, on-site alterations, and our own unique Style Concierges and wardrobe accessories. In contrast to many other boutiques, De Kliek will become a corporate member of the Association of Image Consultants so that our Style Concierges learn from the nation’s best on image consulting.

Keys to Success

• Style. We have to be out in front, known and respected.  
• Having a good location in a high-shopping area
• Quality product and good relationships with vendors
• Outstanding customer service

Marketing & Sales

Marketing plan.

Positioning Statement De Kliek provides professional women with upscale designer clothing and exclusive personal services. Our main competitive advantage is the unique Style Assessment and education emphasis in helping women develop their personal style.

Brand Positioning  De Kliek Style Studio looks to be the leader in providing exceptional service and assistance for women’s fashion needs. The elegance of the name suggests the types of clothing and accessories that will be featured.

BRAND PERSONALITY

Innovative | Stylish | Contemporary | Modern | Fresh | Approachable | Elegant

The overall brand personality of De Kliek aspires to be fashionable, customer-oriented, innovative, refreshing, stylish and educational. The boutique is a place where women can go to transform themselves with beautiful clothes and take advantage of the Style Assessment and other services that help them determine the right clothes for their unique selves. We are a shop that educates. We help women learn about the designers, gather with their friends, and have fun during the process. We not only carry items that help them look good, but we also help our customers maintain these items. Owner Vrootje Magen will work with her top design advisors to create the atmosphere, colors and wording that encapsulates these thoughts.

Promotion The following promotional tactics for generating buzz and awareness about De Kliek will be implemented:

• Personal selling and word of mouth via networks of friends, stylists and customers
• A well maintained and up to date Facebook page complete with customer reviews 
• Unique visual displays in storefront on a weekly basis
• PR (local and national)
• Twitter – Where we let our customers talk to us and each other. Word of mouth is important to us, we need to know if its good or bad. 
• Direct mail such as postcard notices that are targeted specifically to the customer
• Sales Promotion such as store events and bi-annual sales
• De Kliek Web Site
• Advertising will be at a minimum with regular ad placements in the Valley Voice

Other important marketing strategies, such as developing strong customer relationships (retention), will utilize a different mix of marketing programs.

The appropriate merchandise — and the right amount of merchandise– are critical in building a successful clothing boutique. De Kliek will carry 15 merchandise classifications in addition to the Style Assessment. Each month, the sales forecast and open-to-buy (OTB) plan will be reviewed with De Kliek’s inventory service provider, Retail Merchandising Service Automation (RMSA), against the previous month’s sales to ascertain any adjustments and make the appropriate changes. As Open-to-Buy is planned, the percentage of merchandise that is new (i.e., Fresh ratio) will also be considered to ensure that the inventory is, on average, around 40-50% fresh.

Locations & Facilities

After De Kliek launches, we will have a website presence where fashionable customers throughout the country can go to learn more about the boutique, the Style Assessment, how to wear certain items for the day, evening and weekend, and make personal shopping appointments. 

Milestones & Metrics

Milestones table, key metrics.

Our Key Metrics for our success: 

Inventory measure: Our goal is to turn inventory five times throughout the year and generate $800 in sales per square foot.

Profit Margin Measure: We wish to maintain profit margins at 15-20% through close attention to expenses and cost of goods sold.

Facebook: Promote our new inventory and sales on last season inventory on our Facebook. We will track these customers with an easy to remember code that gives them additional sales. While these are harder to measure they will have an overall effect on sales of 2 to 4 percent. 

Twitter – Monitor and respond to what our customers are saying about us on Twitter. Our clientele are very social media savvy and we need to make sure the buzz is good. This will also have an overall sales  increase of 2 to 4 percent. 

Website – Measure our traffic as it goes through the sales funnel from searching for our website all the way through to making an appt online. We will give our customers the ability to chat with us online or call us with any questions they have before making an appt. We want our customers to feel comfortable trusting us with their style 

Ownership & Structure

De Kliek has been established as a simple LLC due to the ease of formation, and simplicity of the structure and tax record keeping. In the future, De Kliek will look at forming an S Corporation when another location is opened.

Mission Statement

• To provide women with a boutique that offers a comfortable and approachable environment
• To showcase quality, well-constructed fashions from prominent and cutting-edge designers
• To offer a variety of beautiful and high-end fashion accessories
• To help women learn what clothing and styles go best with their unique personalities
• To generate buzz and sales through top-notch exclusive services
• To turn inventory five times and generate $800 in sales per square foot
• To maintain profit margins at 15-20% through close attention to expenses and cost of goods sold
• To drive awareness and build sales through mentions in both local print and the nation’s top fashion magazines

Management Team

Vrootje Magen | Owner   Vrootje Magen has 20 years of work experience that is directly relevant to managing and operating a successful clothing boutique. The first eight years of her professional work experience were spent in retail sales and banking, and the last 12 years have been dedicated to a professional career in marketing. The sum of these experiences truly integrates the key disciplines for running a successful business: sales, finance, and management.

Ms. Magen’s initial experiences in retail and business sales were formative insofar as they helped her early on to understand how to best work with all types of personalities, meet individual needs through listening, and develop strong creative problem-solving skills. Much of this experience was spent "in the trenches," developing practical skills on the floor at retailers including JCPenney, Gottshchalks and Ann’s Boutique. She has an understanding of what it takes to work in a retail environment, from stocking the sales floor and utilizing loss prevention skills, to ringing up a sale and counting back cash, and most importantly, reading a customer. Her five years as a Financial Service Representative at two banks directly benefit the day-to-day operations of the boutique.

With a successful and award-winning career in corporate marketing for the last 12 years, Ms. Magen understands how to create successful communications and marketing strategies and have experience marketing fashion for top retailers, such as Levi Strauss and Gap Inc. Much of this work involved developing and maintaining high profile campaigns that were structured around generating increased customer sales within the store environment and through sales associate training. She has led successful teams, which involved qualified and thoughtful selection of employees and consultants to help ensure the success of a project.

Her current efforts toward opening De Kliek Style Studio have heavily depended on all the skills and abilities that she has developed in her past professional lives. Her combined skills and knowledge of the right types of clothing a woman should wear based on her body type and personality are enhanced by her retail experience, and her current training within the Association of Image Consultants International for the last two years has solidified her expertise.

Ms. Magen is extremely dedicated and motivated to creating a thriving clothing boutique and feels confident in succeeding based on her well-rounded experience, established sound vendor and customer relationships, and strong work ethic.

Team of Advisors

Lisa Bakke, Certified Image Professional As a personal stylist, Lisa Bakke has helped people look and feel great for fifteen years. Known as the Shopping Sherpa, she is dedicated to leading people to their style destination. Lisa was born with a remarkable, discerning "eye" for beauty and detail and started winning national art awards at age twelve.

Lisa graduated from Colorado College in 1979 with a bachelor’s degree in art and education. By 1989, Lisa played a key role in launching a women’s ready-to-wear line by designing, marketing and selling it via hugely successful trunk shows. It was then that she recognized women wanted one-on-one attention in helping them determine their optimal clothing designs and colors. In 2000-2001, Lisa served as president of a prestigious international organization for image consultants. She is also the editor of a 12-page publication for image consultants. Today, Lisa regularly shops for clients in Paris.

Rilke Szanku, Creative Director & Principal, Blue42 Throughout her 15 years of experience in the design industry, Rilke Szanku has found that her best work has harnessed the power of striking visuals grounded in solid strategy to meet client objectives. She founded Blue42 to provide cutting edge print and web design. Prior to founding Blue42, Rilke was the Creative Director at COmpany X. Her work for top clients has been widely acclaimed.

Nicco Q. Smore, Architecture & Design Nicco Smore received his B.A. from Florida State University in 1991 and his Masters in Architecture from the University of Florida in 1997. Since 1998 he has worked for Big Architecture in California and has been involved in the design and construction of diverse project types, including educational, civic, and religious facilities, as well as several residential projects. Much of his current work includes design and construction administration of renovation, and modernization of existing secondary educational facilities.

Fanny Packer, Attorney   Fanny Packer, J.D., M.B.A., C.P.A., is an attorney in independent practice who provides business law counseling and transactional support to entrepreneurs and growing business organizations. Fanny is an experienced professional who has worked in the legal profession since 1998, and has been heavily involved in sophisticated business transactions and major business contract negotiations in various roles for over 20 years. Her core legal competencies are in corporate, contracts, intellectual property, and commercial real estate law.

Gordon Grido, VP Merchandising Analyst, RMSA   De Kliek is working with Merchandising Analyst Gordon Grido to develop a specific plan that will guide the company through making purchasing decisions, as well as planning and inventory management. Gordon has been with Retail Merchandising Service Automation (RMSA) for 17 years, working with LA Area retailers similar to De Kliek. His focus is to enable merchants to make merchandising decisions that keep a healthy cash flow with maximum profitability as the main goal of business operations.

RMSA has maintained its status as the leading provider of inventory management and forecasting tools for retail businesses nationwide. RMSA Forecasting is a merchandise planning service that combines information from a retailer’s sales and inventory with RMSA’s extraordinary retail database to help retailers forecast and improve the performance of their retail operations.

Hugh Enmity, Fashion & Merchandising Instructor, Academy of Art  Mr. Enmity has spent over 20 years in retail as an executive with a leading traditional department store (Macy’s), off-price chain (Ross Stores) and mall-based chain store (Footlocker). His background is primarily in Menswear with extensive experience in tailored clothing, shoes, sportswear, activewear, dress furnishings and basic furnishings.

Astrix Komma, Copywriter/Creative Consultant   With nearly 20 years of solid direct response, advertising and Web experience for agency powerhouses up and down the West Coast, Astrix Komma has been a lead creator on high profile marketing campaigns. Her creative work has won numerous industry awards including a Clio and Communication Arts award and a host of direct marketing accolades, including multiple John Caples awards.

Personnel Table

Financial plan investor-ready personnel plan .">, key assumptions.

Having a good location in a high-shopping area makes a huge difference. We need our customers to be able to find us and be able to park easily 

Quality product and good relationships with vendors make a huge difference. We will keep inventory, however we lose our customers if they have to wait around for key pieces of their wardrobe to come in. 

Outstanding customer service will make our customers return.  Every browser is a opportunity to make a sale. We will make sure personnel have the right blend of sales technique with knowledge of high fashion 

Revenue by Month

Expenses by month, net profit (or loss) by year, use of funds.

We estimate startup expenses as follows: 

And, of course, for planning purposes we round up to an even $50,000. 

We will also need startup assets including: inventory and getting the tailoring equipment we need to fit our clothes to our clients, plus of course cash on hand as reserve. 

Sources of Funds

We will need $175,000 to get this up and running. The owner will invest $40,000. The cofounder will invest $45,000 and we intend to take out a business loan, from [name omitted bank] with an SBA guarantee, for $90,000. 

Projected Profit & Loss

Projected balance sheet, projected cash flow statement.

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Clothing Store Business Plan Template

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Business Plan Outline

• Clothing Store Business Plan Home
• 1. Executive Summary
• 2. Company Overview
• 3. Industry Analysis
• 4. Customer Analysis
• 5. Competitive Analysis
• 6. Marketing Plan
• 7. Operations Plan
• 8. Management Team
• 9. Financial Plan

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Clothing Store Executive Summary

Business overview.

Lisa Jade Fine Clothing is a locally established trendy boutique clothing store located in New Haven, Connecticut.

The store is founded by Lisa Powell and Jade Steele, who are recent university graduates with a passion for fashion and all things modern and trendy. They have spent many years cultivating designs and sketches in their dorm room and are ready to branch out to make their dream a reality. They have researched and found a supplier warehouse who can source good quality material and can manufacture their designs at a reasonable cost.

Lisa Jade Fine Clothing will offer modern and trendy designs geared towards young professionals, college students, and middle and high school students. They will also carry a small assortment of children’s clothing for those young professionals who are fashion conscious with their children.

Product Offering

The following are the products to be offered by Lisa Jade Fine Clothing:

• Young women’s clothing sizes 0 – 16
• Young men’s clothing sizes Small – Adult XXLJunior ladies clothing petite sizes Small – XL
• Junior boys clothing Youth Small – Youth XL
• Boys clothing sizes 2T – Youth Small
• Girls clothing sizes 2T – Youth Small
• Small selection of local handmade jewelry
• Socks and hosiery

Customer Focus

The company’s target customer is the fashion-conscious youth of New Haven who are searching for trendy and unique styles. We will target the stylish youth of New Haven to include middle and high school students, college students, and young professionals.

Management Team

Lisa Jade Fine Clothing is owned and primarily operated by Lisa Powell and Jane Steele. Their youth and focus allows them to make their business their sole and primary responsibility. They will be present at the store the six days it will be open and will make all management and financial decisions. They will also employ the help of 4 – 6 additional part-time hourly employees.

Success Factors

Lisa Jade Fine Clothing is primed for success by offering the following competitive advantages:

• Uniquely tailored and modern designs geared towards the fashion-conscious youth.
• A database that will store a customer profile created in the store so that the customers can receive personalized alerts and messages for when their favorite product becomes available in their size.
• The pricing will be affordable yet on par with other competitors to ensure the highest quality and value for what each customer pays.

Financial Highlights

Lisa Jade Fine Clothing is seeking $150,000 in debt financing to open its boutique retail location in New Haven, Connecticut. The funding will be dedicated for leasehold improvements, design, working capital, and opening inventory. The breakout of the funding is below:

• Store design/build: $50,000
• Opening inventory: $75,000
• Working capital: $25,000

The following graph below outlines the pro forma financial projections for Lisa Jade Fine Clothing.