Vintage Clothing Store Business Plan, Marketing Plan, How To Guide, and Funding Directory
The Vintage Clothing 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 a Vintage Clothing 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.
- Bank/Investor Ready!
- Complete Industry Research
- 3 Year Excel Financial Model
- Business Plan (26 to 30 pages)
- Loan Amortization and ROI Tools
- Three SWOT Analysis Templates
- Easy to Use Instructions
- All Documents Delivered in Word, Excel, and PDF Format
- Meets SBA Requirements
Vintage clothing stores are one of the types of retail businesses that are always going to be in demand among consumers. This is primarily due to the fact that many people want to directly see what type of vintage clothing purchasing before committing to it. One of the interesting things about a vintage clothing store is that some of the places that they have products that usually higher price the name when they were first sold the original customer. It should be noted that while many people who purchase vintage clothing do so directly at the retail store, almost all these businesses also maintain an expansive online sales presence. This is especially important for lower-priced items where people are going to be willing to take a risk in purchasing a pre-owned article of clothing rather than needing to see it directly before buying it.
The startup cost of a new vintage clothing store can vary somewhat depending on how much inventory the owner currently has or will be sourcing at the onset of operations. Generally, these companies have a start up costs around $50,000 to $100,000 depending on the specific market in which their launching operations. Vintage clothing often carries a very high gross margin with most companies reporting that they produce 70% to 80% gross profits on each item sold. One of the reasons why the gross margins associated with this type of business or high is the fact that these companies must source inventories that may not be sold.
A vintage clothing store SWOT analysis should be produced in order to chart the threats, strengths, weaknesses, and opportunities faced by these businesses. As a relates to strengths, the high gross margins generated by vintage clothing store typically allow them to remain profitable and cash flow positive at all times. It should be noted that an economic recession almost always does have a deleterious effect on the revenues associated with these types of businesses. One of the other key strengths associated with this type of company is that they are able to make substantial sales on an online basis as well. This significantly reduces the risks associated with maintaining a retail store.
For weaknesses, vintage clothing stores face competition not only from other similarly situated retail locations but also from new clothing retailers. However, this risk is stymied by the fact that some people very much enjoy wearing vintage clothing.
For opportunities, these businesses expand by simply establishing additional retail locations, acquiring larger scale inventories, and maintaining of massive online sales presence. Outside of these methodologies, there is really nothing that occurs that would further drive sales to any location. Some vintage clothing stores to engage in auctions for extremely rare articles of clothing.
As a relates of threats, there’s really nothing that is going to impact the way that he vintage clothing store conducts its operations moving forward. Given that these businesses sell pre-owned articles of clothing, there to continue to be a unique business in the overall retail space.
A vintage clothing store business plan should be developed as well. This document should feature a three year profit and loss statement, cash flow analysis, balance sheet, breakeven analysis, and business ratios page. For the industry research portion of the vintage clothing store business plan, it should be noted that there are about 60,000 of these retail locations in operation and each year they generate about $14 billion revenue. The industry employs about 200,000 people. As with all types of business planning documents, a thorough demographic analysis should be included. This includes taking a look at annual household income, median household net worth, population size, population density, percentage of people that are under the age of 50, and percent of the market that are female. It should be noted that the vast majority of vintage clothing sales occurs among female buyers.
A vintage clothing store marketing plan also needs to be developed with a specific focus on maintaining expansive online sales channels in order to increase inventory turnover. The company’s website should have embedded e-commerce functionality that will allow the business to make sales from anywhere in the world among interested buyers. Many of these companies also maintain seller pages on platforms including Amazon, eBay, Etsy, and related platforms. This is important to note given that it will ensure that inventory is turned over very quickly and will ensure the profits can be made on a month-to-month basis. In regards to social media, most vintage clothing stores maintain profiles on popular platforms including FaceBook, Twitter, and Instagram.
Instagram and FaceBook are of special importance to the business given the fact that many people want to see pictures of the inventories held by most vintage clothing stores. This can assist with driving sales especially once the following is made among a number of people that have an interest in vintage clothing.
One of the unique things about these businesses is that people that launch a new vintage clothing store typically have extensive experience in the fashion world. If the entrepreneur is very familiar with which items are in demand, especially among pre-owned articles of clothing, these businesses can be highly lucrative. Once it establish client bases created, additional sales of hard-to-find and very in demand clothing can be easily divested to an existing customer base. That is why it is especially important to maintain extensive following on platforms like FaceBook and Instagram in order to ensure a very rapid inventory turnover of hard-to-find items.