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Position of Marketplace: The items in the bridal line will consist of basic styles in the low to mid-price range appealing to the Wisconsin client.Megan's Bridal Boutique will develop a reputation for dependable service, fair pricing, and reliability.
I'm currently negotiating a lease on a very nice property of 1725 square feet.
The rent on the space is only $435 per month plus approximately $250 per month for utilities.
Based on the surrounding area of eastern Wisconsin, Megan's Bridal Boutique will draw from, one can count on 1,888 weddings per year.
Each of these couples will spend, on the average, $852.00 for a wedding dress, $167.00 on a headpiece, and $50.00 for shoes.
This is a good price, compared to other less desirable locations I've looked into.
I plan to invest ,000 in building renovations to meet the special needs of a bridal salon.
Line: Bridal Description: This line will consist of re-orderable wedding gowns, re-orderable headpieces, dyeable satin shoes, crinolines, re-orderable bridesmaid gowns, and jewelry.
Megan's Bridal Boutique will carry 60 wedding gown samples featuring three manufacturer's lines (20 pieces at 0 wholesale, 20 at 0, 20 at 0, for a total start-up cost of ,000).
Your bridal shop will need to cater your clients’ needs and provide excellent customer service to start on the right foot.
This business plan for the establishment of a bridal boutique does an excellent job of assessing area competition.