972.814.3612
|  jennifer@jenniferherriage.com

Jennifer Raney Herriage

Your Rockwall REALTOR®

  • Home
  • Listings
    • Search Listings
    • Featured Listings
    • Video Walk-Throughs
  • Resources
    • Design for Real Estate Investors
    • Buyers
      • The Homebuying Process
      • Buying Tips
      • School Districts
        • Rockwall ISD
        • Sunnyvale ISD
        • Richardson ISD
      • Rockwall Foreclosures
      • List of Inspectors
      • What is a Title Commitment
      • Fiduciary Responsibility
      • Ready To Buy
    • Sellers
      • Seller Services
      • 4-Step Seller’s Guide
      • Pre-Listing Checklist
      • Cash For Houses
      • Ready to Sell
    • Preferred Vendors
    • Real Estate Partners
    • Lake Ray Hubbard Living
      • Lake Ray Hubbard Events
      • Rockwall Schools
      • Relocation
      • Jennifer’s Favorite Restaurants
    • About Jennifer
  • Blog
  • Contact

Bicycle Art Business Plan

March 3, 2023 By JamesCall Leave a Comment


Bicycle Art Business Plan


The Concept

BikeArt&#8217’s mission it to provide functional items and art made from recycled bicycle components. Steve’s spouse, Shoodnt, will make the art. The featured products include wall clocks as well picture frames, table tops, chair, table, mobiles wind chimes and book ends.

BikeArt will have its own kiosk, located in the Valley River Mall. BikeArt can display larger items on the adjacent floor space thanks to the lease’s outstanding terms and conditions. This will increase sales because of the high pedestrian traffic to the mall.

BikeArt expects to reach profitability in the ninth month and make profits of almost $40,000 per year by the third.

Beginnings

The first month will serve to set up the kiosk, and get things going. Part-time employees will then be trained and hired during this month. Sales will begin slowly during this first month. The flow of customers passing by the kiosk will continue to increase sales from the second month.

Start-up costs total $45,000 This will be paid for by Steve Useitagyen’s $25,000 equity investment and an additional $20,000 small-business loan.

The Company

Steve Useitagyen will manage the company as a sole proprietorship.

Steve Useitagyen is qualified to work within this niche market. The University of Portland awarded him a combined degree in art design and business administration. Steve worked in a bicycle shop throughout college. He started as a mechanic and moved on to sales. The shop was then managed by Steve for two years.

BikeArt will hire three part time employees to operate the kiosk. Steve, who will manage the purchasing, hiring, payroll, etc.

The Market

BikeArt is targeting two market segments: industrial art aficionados as well as bicycle enthusiasts. Both of these segments are very popular in Eugene. BikeArt will be focusing on these two categories because they are the most likely users of this type art work.

BikeArt has many competitors:

  • You can also find other shops in the mall.
  • Art galleries
  • Bicycle shops.

BikeArt will capitalize on its unique position in a niche market, being the only retailer who exclusively sells bicycle artwork. Since the mall gets lots of foot traffic all day, it is like having your own show room in the middle of the hallway of a crowded mall.

Success

The company plans to grow slowly and establish a sustainable level of sales and cash flow before seeking to expand. BikeArt intends to open more kiosks in Salem Corvallis, Portland and Portland after this has been accomplished. This expansion is expected to take place after year three.

The Break-even Analysis indicates $15,212 is needed in monthly revenue to reach the break-even point. Pricing of BikeArt’s products will be based on a desired net margin of 12%. BikeArt’s products are locally made works of art and prices will range from $40 to $500 each.

The business is expected to reach profitability by month 9, with revenues of $147,000 and profits at $35,500 by the end year 2.

1.1 Mission

BikeArt is a company that creates functional and artistic items from bicycle parts. Our goal is to keep customers coming back. If we follow this maxim, all else will fall into place. We will exceed your expectations with our services.

1.2 Objectives

The following are the goals for the first 3 years of operation:

  • To create a product-based kiosk whose primary goal is to exceed customer’s expectations.
  • The increase in the number of products sold by 20% each year.
  • To develop a sustainable retail outlet that sells artwork and functional items made out of recycled parts.


  • digg Digg this post
  • facebook Recommend on Facebook
  • linkedin Share on Linkedin
  • twitter Tweet about it
  • rss Subscribe to the comments on this post

Filed Under: Businnes Plan Tagged With: bicycle, business, Plan

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

FIND YOUR HOME

Click here to search property listings.

Mortgage Calculator

$
  %
  yrs
  %
$

Testimonials

“I have both bought and sold properties from Jennifer and I can highly recommend her without any reservation.  She is uniquely qualified due to her vast experience in not only the marketing of homes but also all aspects of ownership.  The result is a professional that adds value to the client beyond the associated cost of representation.” 
- Dean Lontos

DISCLOSURES

Texas Real Estate Commission Information About Brokerage Service

Texas Real Estate Commission Consumer Notice

About Jennifer

Unlike many who get into the field, real estate has been the only career for Jennifer Raney Herriage, who has excelled in serving clients for over 20 years.  Having grown up in a real estate family, Jennifer was first inspired by her mother, a broker … Read more...

© Jennifer Raney Herriage 2017

· Move-in Ready Theme

Website by Hooked On Code

  • follow:follow:
  • Become my Fan Become my Fan
  • Connect with me Connect with me
  • RSS RSS
  • Tweet with me Tweet with me
  • Subscribe to my YouTube Channel Subscribe to my YouTube Channel