Business plan for movie shop

Movie shop designs

Complete a three-year projected profit and loss statement. Look for ways you can differ from these competitors, such as by offering cheaper rates, longer rental periods or providing premiums with the rental of movies, such as rent two, get one free. What licences do I need? You will likely lose money in the first few months after opening, so in your pre-opening budget include the funds you will need to keep the store running until you reach breakeven cash flow. Getting Started Before getting into the movie shop business, you need to be clear about how the business works and have answers to specific questions; How will I get the movies? Subscribe Below Now. The location of a movie shop is mainly dependent on the traffic of people and how willing they are to buy movies. Single Business Permit: The cost of it will depend on the size of your business and from an analysis from your area ward rep. Feel free to email your queries to lilian careerpointkenya. V series are a great option for most Kenyans to unwind in the evening or during the weekends and with the current digital T. Lack of these two licenses will lead to your equipment being confiscated for lack of compliance. What equipment will I use?

The location of a movie shop is mainly dependent on the traffic of people and how willing they are to buy movies. Tracking sales and inventory is another important aspect of the business, so explain the type of point-of-sale equipment and software required to track movies available and those already rented.

opening a retail store business plan

The sales projection is based on information gathered on the field and some assumptions that are peculiar to startups in Los Angeles — CA. Movie shops started out as a small business but currently, they are one of the most lucrative businesses to venture into right now especially for young people.

Business plan for movie shop

That 50 bob can then make you from 1, and above once you duplicate and sell the same movie. However, the amount of rent depends on the location. For example, you may want to open just one store or you may believe your concept has enough potential that you will open multiple stores over the next three-to-five years. What equipment will I use? A stall along the city pavements of Nairobi goes for around 25, and those within town going for K. These are the areas we intend generating our start — up capital; Generate part of the start — up capital from personal savings Source for soft loans from family members and friends Apply for loan from my Bank N. Decide what unmet need there might be and how you intend to fill it. The demand has yet to be addressed by the other players who leave it off their radar, assuming it is only for the fringe of the general population. Ask trusted business associates to read the summary and assess whether it fully explains your vision for making the movie rental store a success. However, within the CBD, you may part with anywhere between Ksh.

Licenses To legally operate a movie shop, you need to have a license from MCSK and a single business permit from your county government. A day will not pass without getting clients no matter where you are located.

Financial Projections Calculate all the expenses required to get started -- rent deposits, product displays, point-of-sale equipment, and beginning inventory.

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Superior customer service should be one of your strategies. If you have partners in your venture, detail their backgrounds. A movie shop cannot operate without movies. Explain the amount of space needed to display hundreds of movies so people can browse the shelves and make their selections. Running a movie shop business as you have seen, does not require certain skills sets to start. You will likely lose money in the first few months after opening, so in your pre-opening budget include the funds you will need to keep the store running until you reach breakeven cash flow. Single Business Permit: The cost of it will depend on the size of your business and from an analysis from your area ward rep. Goodwill also comes into play if you want to acquire a stall for your movie shop. As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of five years or more.

This the reason why we have been able to work with brand and publicity specialist to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market.

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HOW TO START A SMALL MOVIE SHOP IN KENYA: A STEP BY STEP GUIDEKuza Blog