Hobby Store Business Plan

Only available on StudyMode
  • Topic: Management, Dirt track racing
  • Pages : 5 (1691 words )
  • Download(s) : 426
  • Published : February 5, 2013
Open Document
Text Preview
Hobby Store Business Plan

Owner: Alexander Engarto
R/C hobby
232 West Main Street
Moorestown, PA 08057
908596080
Alex08865@yahoo.com

I. Table of Contents

I. Table of contents…………………………………………………………………….2 II. Executive Summary…………………………………………………………………..3 III. General Company Description………………………………………………………..4 IV. Products and Services…………………………………………………………………5 V. Marketing Plan………………………………………………………………………..6 VI. Operational Plan………………………………………………………………………8 VII. Management and Organization……………………………………………………….9 VIII. Personal Financial Statement……………………………………………………..…10

II. Executive Summary

The purpose of this business plan is to raise enough money to open and run a hobby shop that will specialize is r/c products, particularly r/c cars. The store will run a dirt race track next to the building that customers can use for a fee and enjoy the hobby. The store will be close by if they were to need a part or assistance with their r/c car. The market in hobby toys is growing and this shop would stock products that all ages and genders would enjoy.

III. General Company Description
R/C Hobby’s mission is to become the recognized leader in its targeted market for having an expansive inventory of hobby shop products. The goal of R/C Hobby is to grow into a stable and well established business that dominates the hobby store market in its area and to make a sizable profit that grows with each New Year. R/C Hobby finds importance in customer satisfaction and staying organized as a business. It will always work hard to stay ahead of the competition and to please customers better then all else. The business will market its products to men and women of all ages. The hobby industry is always growing and R/C Hobby can stay ahead of the curve. The technology and technicality of the R/C products being designed and sold today is constantly growing and becoming better, so the market is also going to continue to grow. R/C Hobby can stay ahead of the competition and dominate market in a few different ways. Our strengths which include cleanliness, good customer satisfaction skills, organization, and a wide variety of products that can appeal to people of all age groups and both genders. R/C Hobby plans to have an outdoor r/c car race track that will help bring in customers that will stay loyal and continue to come back each week to race and spend money. An indoor track may also be possible if the building space permits it.

IV. Products and Services
R/C Hobby will provide great products and services to its customers. The store will specialize in performance r/c cars and trucks, but it will also have boats, planes, rockets, assorted models, and a help desk that will offer semi free services fixing customer r/c vehicles. A major service that will put R/C Hobby ahead of the competition will be its dirt track that can be built next to the building. The dirt track will be able to be used for racing r/c cars and trucks in organized events that will bring customers together at the store where they can race their cars and spend money if they break. The organized races will be help weekly to keep loyal customers coming back while providing plenty of opportunities for new people to come to the track and be introduced to the store. The staff of the store will run these events and will be very friendly and personable with everyone so they will feel good about where they spend money on their hobby. Prices will vary from lower end r/c cars to top of the line performance r/c cars, boats, and planes. The races will also generate income by charging a small fee to enter each race, but will also reward winners with gift cards, discounts, and store prizes.

V. Marketing Plan

* The size of the hobby store market is very large and always growing * The current growing trends in the market would mainly be electric and gas powered r/c cars, boats and...
tracking img