twerdok’s tailoring
DESCRIPTION
Twerdok’s tailoring. “Tailored”. Owners Qualifications . College graduate Degree in business Apprenticeship in Tailoring. Business Description . Start-up Sole Proprietorship Makes custom tailored clothes and premade - PowerPoint PPT PresentationTRANSCRIPT
TWERDOK’S TAILORING
“Tailored”
Owners Qualifications College graduate Degree in business Apprenticeship in Tailoring
Business Description Start-up Sole Proprietorship Makes custom tailored clothes and
premade
Making quality clothes that are made to fit you right for a good price!
Tailored Products Sports Jackets
Blazers
Button Down Shirts
Pants
Suits
Other Products Offered Belts Undershirts Ties Hats Socks Shoes Watches Wallets
Location Richland Mall
5375 William Flynn Highway, Gibsonia,
PA 15044
Rent
2000 Square Feet
High Traffic Area
Operating Details Open Monday-Friday 10 p.m.- 6 p.m.
Weekends open 9 a.m.- 7p.m.
50 hour work week
10 personal hours
Floor Plan
Job Specification FormTwerdok’s Tailoring Job Title: TailorRate of pay: $20/hrSupervision: Owner Zach TwerdokEducation: College DegreeExperience: A tailor for a previous company or ability to sew and fabricate clothingPhysical Requirements: NoneAbilities: Must be able to sew, measure, fit to appropriate size, and repair ripped clothingTraining: Trained to cut and sew specific ways to make unique clothing that is different from others Job Requirements Major Job Tasks: Create clothing from different fabricsDuties: Clean Workstation, Make Clothes, measure clients, and wait on customers Number of work hours required per Week:Minimum 25 hours Maximum 45 hours Normal Work Schedule Daily: 12p.m. – 8 p.m.Weekly: 60 Hours Employee Benefits ProvidedFlexible work schedule, 10 days of vacation, and discounted price
Hiring Process1. Job advertisement2. Narrowing list of applicants3. Interview Applicants 4. Reference checks5. Medical examination 6. Notify applicant of employment
Personnel 2 TailorsMeasure and Fit CustomerAble to create clothes from fabricRepair Clothes
1 Cashier/Sales RepWork with customer to select correct style Use register to check out customer
Wages Tailor $20 per hourWorking 30 hours a week
Cashier/Sales Rep. $15Working 40 hours a week
Competition Macys Kolhs Men's’ Warehouse Jos. A. Bank
Twerdok’s Tailoring
High Quantity Decent Customer
Service Competitive Pricing
High Quality Great Customer Service Lower Prices
Target Market Male 30-35 Business jobs Business attire Allison Park has 100,000 People
between the ages of 30-35
Advertising Plan Grand Opening 15% off first purchase Gift Certificates Billboards
At The Richland Mall
Twerdok’s Tailoring
This certificate entitles
to
Authorized by
Expires
Richland Mall
Not redeemable for cash. Redemption value not to exceed
Gift Certificate
Number 412-456-7890
Customers at Grand Opening 15% off first purchase
Zach TwerdokAfter Grand Opening
Twerdok's Tailoring
Income Statement
For Month Ended
June July August September October November
Revenue from Sales $ 41,250.00 $ 41,250.00 $ 41,350.00 $ 41,750.00 $ 42,250.00 $ 42,250.00
Avg. Customers/Day 5
Avg. Purchase Price $ 275.00
Days open per month 30
Cost of Goods from Sales $ 16,500.00 $ 16,500.00 $ 16,500.00 $ 16,500.00 $ 16,500.00 $ 16,500.00
Avg. Industry Markup 60%
Gross Profit $ 24,750.00 $ 24,750.00 $ 24,750.00 $ 24,750.00 $ 24,750.00 $ 24,750.00
Operating Expenses:
Owner's Yearly Salary $ 60,000.00 $ 5,000.00 $ 5,000.00 $ 5,000.00 $ 5,000.00 $ 5,000.00 $ 5,000.00
Wage Expense $ 5,000.00 $ 5,000.00 $ 5,000.00 $ 5,000.00 $ 5,000.00 $ 5,000.00
Rent Expense $ 3,000.00 $ 3,000.00 $ 3,000.00 $ 3,000.00 $ 3,000.00 $ 3,000.00
Advertising Expense $ 825.00 $ 825.00 $ 825.00 $ 825.00 $ 825.00 $ 825.00
Supplies Expense $ 750.00 $ 750.00 $ 750.00 $ 750.00 $ 750.00 $ 750.00
Utilities Expense $ 1000.00 $ 1000.00 $ 1000.00 $ 1000.00 $ 1000.00 $ 1000.00
Cell phone & Internet $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00
Insurance Expense $ 200.00 $ 200.00 $ 200.00 $ 200.00 $ 200.00 $ 200.00
Loan Payment $ 2,226.15
Total Operating Expense $ 20,067.82 $ 24,591.67 $ 24,591.67 $ 24,591.67 $ 24,591.67 $ 24,591.67
Net Income $ 4,682.18 $ 4,682.18 $ 4,682.18 $ 4,682.18 $ 4,682.18 $ 4,682.18
Twerdok's Tailoring
Start Up Costs
Note: Required Start-up Funds for New Business
Required Start-Up Funds Amount TotalsFixed Assets
Technology $ 1,950.00 Equipment $ 7,950.00 Furniture and Fixtures $ 9,800.00 Other Fixed Assets $ -
Total Fixed Assets $ 19,700.00
Start-up Costs (one-time)Legal and Accounting Fees $ 1,000.00 Licenses $ 1,000.00 Rent Deposit $ 4,500.00 Utility Deposit $ 750.00 Other one-time costs $ 500.00
Total Start-up One-time Costs $ 6,750.00
TOTAL START-UP COSTS $ 26,450.00
Note: Copy from Income StatementOperating Expenses One-Month
Cost of Goods Sold $ 16,500.00 Owner's Yearly Salary $ 4,999.00 Wage Expense $ 3,000.00 Rent Expense $ 4,500.00 Advertising Expense $ 825.00 Supplies Expense $ 500.00 Utilities Expense $ 750.00 Cell phone & Internet $ 150.00 Insurance Expense $ 200.00
Total Operating Capital $ 31,424.00
Six-Month Operating Expenses + One-time Costs $ 188,544.00
Total Start-up Funds Required $ 214,994.00 **Start-up Funds + Six-Month Operating Expenses
Note: List any Equipment needed for start-up
Required Equipment for Start Up Amount Total
Technology
Computer(s) $ 1,200.00 Printer(s) $ 100.00
Phone(s) $ 125.00
Web Page $ 500.00 Cash Register(s) $ 450.00
Total Technology Cost $ 1,950.00
Equipment
Sewing Machine $ 2,400.00 Measuring Tape $ 150.00
Scissors and Other tools $ 500.00 Thread $ 300.00 Fabric $ 4,600.00
Total Equipment Cost $ 7,950.00
Furniture & Fixtures
Tables $ 2,600.00 Couches and Chairs $ 2,900.00
Counters $ 700.00 Desks $ 1,700.00 Display Cases $ 1,900.00
Total Furniture Cost $ 9,800.00
Other Assets
Total Cost of Other Assets $ -
TOTAL COST OF EQUIPMENT $ 19,700.00
Loan $215,000 At 4% For 10 Years
$2,326.15 A month