Thinking about opening a cigar, cigarette, and tobacco products wholesale and manufacturers business?
Sale of e — Cigars Sales Forecast One thing is certain when it comes to cigar lounge business, if your cigar lounge is cozy, relaxing, well stocked and centrally positioned, you will always attract customers cum sales and that will sure translate to increase in revenue generation for the business.
We have been able to critically examine the cigar lounge market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast.
The sales projection is based on information gathered on the field and some assumptions that are peculiar to similar startups in Los Angeles — CA. Please note that the above projection might be lower and at the same time it might be higher.
Our Pricing Strategy The prices of our cigars, tobaccos, wines, beers, and other alcoholic drinks et al will be what is obtainable in the market. We also have plans in place to discount our products once in a while and also to reward our loyal customers. Here are the payment options that will be available in every of our pub; Payment by cash Payment via Point of Sale POS Machine Payment via online bank transfer online payment portal Payment via Mobile money In view of the above, we have chosen banking platforms that will help us achieve our payment plans without any difficulty.
We are quite aware that one of the effective ways of promoting our cigar lounge is to create special internal promotions which in turn will help us achieve our aim of leveraging on word of mouth publicity.
Start — Up Expenditure Budget In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.
This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.
As for the detailed cost analysis for starting a cigar lounge business; it might differ in other countries due to the value of their money. This amount includes the salary of all employees and the CEO Owner for 3 months.
Sleek Davenport and his family and they intend to finance the business alone. Although they have plans to make the bar manager part owner of the business after 5 or 7 years of services, but that does not stop him from reserving well over 80 percent stake of the business for himself and his family.
Since they are the sole financier of the business, they have decided to adopt the following means to generate start — up capital for the business; Generate part of the start — up capital from his personal savings and sale of his stocks Source for soft loans from family members and friends Apply for loan from my Banks N.
Smoke Shop Business Plan — Sustainability and Expansion Strategy The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. We know that one of the ways of gaining approval and winning customers over is to properly position our cigar lounge, ensure adequate security, availability of various brand of cigars, tobaccos, alcoholic drinks and excellent customer service et al.
As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.
Completed Opening of Corporate Bank Accounts: Completed Opening Mobile Money Accounts: Completed Opening Online Payment Platforms: In Progress Application for business license and permit: Completed Purchase of Insurance for the Business: Completed Renting of facility and remodeling the facility: In Progress Conducting Feasibility Studies: Completed Generating capital from family members: Completed Applications for Loan from the bank: In Progress Writing of Business Plan: In Progress Recruitment of employees: In Progress Purchase of the Needed furniture, electronic appliances, office appliances and bar accessories: Completed Creating Awareness for the business both online and in the neighborhood: In Progress Establishing business relationship with vendors — suppliers of all our needed cigars, wine, alcoholic and non — alcoholic drinks, tobacco and small chops et al:A business plan is a written description of your business's future, a document that tells what you plan to do and how you plan to do it.
If you jot down a paragraph on the back of an envelope. A Sample Smoke Shop (Cigar Lounge) Business Plan Template Business Overview The Cigar Lounges (Smoke Shop) industry comprises businesses known as smoke shop, cigar bars or lounges, where patrons can purchase and smoke cigars freely with fear or breaking the law of a country or city.
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Kiowa Smoke Shops tobacco retail business plan executive summary. Kiowa Smoke Shops has been in operation as a family business since the early 's. Kiowa offers named brand tobaccos, cigars, cigarettes, and roll-your-own accessories.