Rose Petal Nursery is dedicated to providing a quality choice for people looking for plant and garden supplies, as well as serving contractors who need a reliable source of products. Our start-up expenses come to $41,500 which includes the cost of the greenhouses ($38,000) and the cost of rent for the land ($1,000). The start-up costs will be financed entirely by Alisha and Dinky Forester. We will offer a wide variety of plants, trees, vegetable plants, along with a selection of garden supplies. Most of the plants we sell will be grown in our greenhouses. With a convenient location Rose Petal Nursery intends to successfully market to the residential customer, as well as contractors and renters. We would like to see a five to ten percent increase in our customer base each year. Our marketing strategy includes providing a knowledgeable staff, affordable prices, a great location, and top notch customer service. Rose Petal Nursery has been the dream of owners Alisha and Dinky Forester for many years, and has been a project in the making for the last five years. Alisha will manage all aspects of operations at Rose Petal Nursery. Dinky will oversee the staff and be involved with the ordering of merchandise, while Alisha will be responsible for the ordering of the garden supplies and tree stock, as well as the maintenance of the greenhouses. Rose Petal aims to experience a growth rate of 20% in sales for the second year of operation and build upon that as the company grows. With creative marketing, and a quality choice of plants and garden supplies for our customers Rose Petal Nursery intends to make its presence known in the nursery community.
1. Maintain an average gross margin at or above 50%.
2. Generate an average of $1,000 of sales each business day of each month. 3. Realize an annual growth rate of 10% in Year 2.
Rose Petal Nursery is dedicated to providing a wide variety of plants and trees in an aesthetic setting. Customer service is extremely important. We want each customer to have a pleasant shopping experience, and it is the intention of our staff to answer questions with expertise and to offer advice when we feel it is needed. 3. Keys to Success
The primary keys to success for the company will be based on the following factors: * Sell products of the highest quality with excellent customer service and support. * Retain customers to generate repeat purchases and make referrals. * Continue to expand daily sales by adding to the variety of plants we sell. * Communicate with our customers through creative advertising.
2. Company Summary
Rose Petal Nursery is the dream of sisters Alisha and Dinky Forester, and has been a project in the making for five years. With an opening date of April of this year, Alisha and Dinky are seeing the dream of operating a nursery come to fruition, located nearby Vapi in Gujarat, India. Rose Petal Nursery will focus on providing quality bedding, hanging, and vegetable plants, along with a variety of potted trees. Our aim is to serve both residential customers and landscaping contractors. We will also have a variety of garden accessories such as ponds, statues, potting soils, fertilizers, and garden tools. Our start-up requirements will be $100,000. 2.1 Start-up Summary
Our start-up requirements come to $100,000 which includes the first month's rent of the land for our nursery. The regular rental fee is $1,000 a month. The start-up costs will be financed entirely by Alisha and Dinky Forester. Start-up Requirements|
Start-up Expenses| |
Expensed Equipment| $38,000|
Total Start-up Expenses| $41,500|
Start-up Assets| |
Cash Required| $20,000|
Start-up Inventory| $26,500|
Other Current Assets| $0|
Long-term Assets| $12,000|
Total Assets| $58,500|
Total Requirements| $100,000|