Antiques Store Business Plan, Marketing Plan, How To Guide, and Funding Directory
The Antiques Store Business Plan and Business Development toolkit features 18 different documents that you can use for capital raising or general business planning purposes. Our product line also features comprehensive information regarding to how to start an Antiques Store business. All business planning packages come with easy-to-use instructions so that you can reduce the time needed to create a professional business plan and presentation.
Your Business Planning Package will be immediately emailed to you after you make your purchase.
Product Specifications (please see images below):
- Bank/Investor Ready
- Complete Industry Research for the Industry
- 3 Year Excel Financial Model
- Business Plan (26 to 30 pages)
- Marketing Plan (24 to 28 pages)
- 425+ Page Funding Directory
- PowerPoint Presentation
- Loan Amortization and ROI Tools
- Three SWOT Analysis Templates
- How to Start a Business Guide
- Easy to Use Instructions
- All Documents Delivered in Word, Excel, and PowerPoint Format
- Meets SBA Requirements
Antique stores can be highly profitable businesses most of the time. These companies often have issues with their top line income during times of economic recession. However, once an antique store is highly established that they are able to draw from their existing client base of wealthy individuals that will continue to purchase antiques on an ongoing basis. One of the nice things about this business is that inventory holding risks are somewhat minimal. This is due to the fact that these items are considered to be one-of-a-kind, and as such they are able to find buyers relatively quickly. Additionally, with the advent of the Internet most antique stores are able to put their entire inventory online for sale to anywhere in the world. As such, the risks that were usually associated with antique stores has declined substantially over the past 20 years.
As with any business that is getting off the ground, it is imperative that an entrepreneur develop an antique store business plan. This document should contain a profit and loss statement, cash flow analysis, balance sheet, breakeven analysis, and business ratios page. Most importantly, special attention should be paid to the underlying cost of goods sold as these can vary greatly from item to item. A CPA should be hired to assist an entrepreneur that is looking to start an antique store with their profit and loss statement. Most banks and lenders are okay with providing capital with a antique store provided that they have a large amount of salable inventory and a somewhat established operating history. Most people that get into this business frequently have a large inventory via their own personal collection before they decide to launch their own antiques business.
A marketing plan specific for an antique store is also imperative prior to launching operations. Most importantly, it is necessary to have an expensive online presence so that sales can be made from outside of any retail location. Of course, it is very important to maintain a highly visible retail location in a town where antiques are usually bought and sold on ongoing basis. This, again, substantially reduces the inventory holding risks associated with this type of business. Additionally, many antique stores frequently attend trade shows so that sales can be made at these conventions.
An antique store SWOT analysis should also be done to ensure that the potential retail location is economically viable. For strengths, many antique stores are able to operate with a low operating and overhead cost. Additionally, for dealers that specialize in unique antiques the turnover rate can be very fast if the individual is able to source in demand items. For weaknesses, these businesses are subject to fluctuations in the economy. During times of economic recession, most antique stores to experience a decline in their top line income. For opportunities, one of the common ways that antique stores expand their operations is by developing additional locations. Again, almost all antique stores also maintain an expansive online presence in order to sell their products. As it relates to threats, there are really no issues that impact how antique stores operate given their highly unique nature and highly unique inventories.
In closing, these businesses can be highly lucrative provided that the owner operator has an extensive history and understanding of how antiques are acquired, marketed, and sold to the general public. These businesses do not face any ongoing risks relating to changes in technology as people are seeking out these products due to their older nature.