Executive
Summary (Stanford Sports Café)
Stanford Sports Cafe is a sports equipment store located
near the National Stadium. Our niche is sales of athletic sportswear, sports
gear and equipment. We offer a one-stop solution and combine coffee shop
experience with an ultramodern sports equipment store.
Startup Requirements
The startup requirements are legal, marketing consultant,
rent. Others are hiring a marketing consultant, expensed equipment.
Startup assets include startup inventory, current assets
and long-termed assets. Startup funding raised is $150,000. Shared $50,000 each
among the three owners. The funding requirements are non-cash assets, cash
required.
Sports
Equipment Café Startup
• Legal
• Marketing
consultant
• Rent
• Hire a
marketing consultant
• Expensed
equipment
• Startup
inventory
• Funding
Liabilities include current borrowing, long-termed
liabilities and account payable. The total funding is $150,000 while loss at startup
is $75,000.
• Current
Borrowing
• Long-Term
Liabilities
• Account
Payable
Company
Location
The location is central to the success of the
enterprise. The shop is located a few
meters from the national stadium guaranteeing regular patronage. The National
stadium is a hub of commercial activity, sports and entertainment.
Company
Owners
The business is duly registered as a limited liability
company. Owners are Greg Stanford, Dorati White and Orlando Garland. The
co-owner have contributed startup capital of $50,000 each.
Orlando is an ex-football player, former manager of a
second division football club. Greg Stanford has a Bachelor’s degree holder in
business management. While Dorothy White works as the procurement officer at a
multi-national sports equipment company.
The Market
The sports equipment market has shown 5% growth every
year. The increased interest is attributed to popularity of the premiere
league, lawn tennis and athletics. The federal governments increased spending
on sport festivals has played a key role in sales.
Management
Summary
The owners wish to build a community based company by
providing a coffee shop experience. Their main focus is sales of sportswear, equipment
at a competitive price. They will draw on co-owners strengths to leverage the
business for profitability.
The
Organizational Structure and Personnel Plan
The organizational structure has Greg as company manager
and Dorothy procurement manager. Orlando is the chief executive office of the
company. The personnel plan includes CEO, procurement manager, company manager
and two part time employees.
Company
Personnel
• Company
manager
• Procurement
manager
• Chief
executive officer
• Two part
time employees
Strategy
We strive to service both professional and amateur
athletes. This will guarantee regular patronage from sport enthusiasts.
Local community can access our premium coffee shop for
small community gatherings and recreation. We strive to provide a holistic
experience for regular customers and visitors.
Value
Proposition
We offer our customers high quality sportswear and
equipment in a cozy environment. The coffee shop will serve premium brews and
small chops.
Competitive
Edge
The premium location close to a highly trafficked stadium
is our competitive edge. Others include branded name, quality products and
services. The sports equipment we sell are appropriately priced for better
competitiveness.
• High
traffic
• Good
location
• Branding
• Quality
products
• Services
• Affordable
prices
Sourcing
of Products
The products are bought wholesale from top manufacturers
worldwide. We strive to develop distribution channels and leverage on popular
brands. The online ecommerce store would use drop-ship format and source
additional goods from China.
Products
The products are tracksuits, soccer boots, tennis bats,
footballs. The coffee shop will brew Espresso Shakes, Espresso Regular. Other
items are books, gear rentals, sports garments, T-Shirts
Sports
Equipment Café Products
• Tracksuits
• Soccer
boots
• Tennis
bats
• Tennis
balls
• Footballs
• Espresso
Shakes
• Espresso
Regular
• Books
• Gear
rentals
• Sports
garments
• T-Shirts
Pricing
Strategy
The price would remain competitive and profitable. Sales
forecast depends on volume of off-line and online sales. The forecast growth is
placed at a moderate rate of 4% first year.
Promotion
Strategy
Stanford Sports Café will leverage on social media
marketers, blogs and website. We will hire third party advertisers, Facebook
ads, Ad-words.
Distribution strategy will involve an online ecommerce
store, courier serve. We will use mail order, drop ship strategy to expand our
scope beyond physical location. Our online transactions would be facilitated
through debit/ credit card payment.
Marketing
Strategy
Our primary target are professional and amateur athletes.
We will use sales promotions, community based marketing, discounts to attract
customers. We will use personal sales, events and on-site advertisement.
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