CELL PHONE RETAIL BUSINESS PLAN SAMPLE
Since the introduction of cell phones to the general populace, there has been a rapid increase in the use of these devices. The many technological advancements and innovations also aid this phenomenon.
Cell phones are now a part of the lives of many individuals.
Apart from making calls, sending messages, and basic browsing, there are lots of features that cell phones come with.
As a result, many people, especially the young, have become addicted to cell phones. This has provided a thriving business for those that own cell phone stores.
Metro PCS focuses on cellphone wireless service if you are considering a more extensive franchise network.
If you want to set up a cell phone store business, you are on the right page.
This article contains a cell phone retailer business plan sample. This business plan sample will guide you in writing the perfect cell phone business plan for your new business.
Here is a sample business plan for starting a cell phone retail store.
Business Name: De Perfect Cell Phone Store
- Executive Summary
- Our Products and Services
- Vision Statement
- Mission Statement
- Business Structure
- Market Analysis
- Sales and Marketing Strategy
- Financial Plan
- Competitive Advantage
De Perfect cell phone store is a top-quality cell phone store that will be located in Atlanta, Georgia.
Toby and Mark Jacob jointly own it. De Perfect cell phone store was established to make cell phones available to the residents of Atlanta, Georgia, and neighboring states at very affordable prices.
As much as the major products we will be making available to our potential customers are cell phones, we will not stop at just cell phones.
We will also make cell phone accessories such as phone cases, chargers, earpieces, and batteries available to our potential customers.
We intend to employ individuals with good communication skills at De Perfect cell phone store. This we believe will help us retain our customers effortlessly.
Our Products and Services
De Perfect cell phone store is a standard cell phone store.
This implies that we will only make genuine and top-quality products available to our potential customers, in as much as the main products we will offer to the public are cell phones.
That is not all that we will focus all our energy on.
We will also partly engage in phone repair and maintenance. This will ease our customer’s stress of looking for professionals to fix whatever phones they buy from our store if an issue arises.
Our products and services at De Perfect cell phone store are;
- Cell phone sales
- Cell phone maintenance
- Cell phone accessories sales.
We at De Perfect cell phone store want to be known for making top-quality mobile phones available to those in Atlanta, Georgia, and the United States.
Our mission is to keep up with the trends in the mobile phone world.
We believe this will help us make the latest cell phones available to our potential customers. We also intend to franchise our business after five years of operation.
We want to become the yardstick for measuring the success of every cell phone store.
To get this done, we are looking to build a structure that can function even without the management of the De Perfect cell phone retail store.
Therefore, to make this happen, we will employ only those we believe are the best at what they do. We are also looking to hire those experienced at working in cell phone retail stores. We know that this will be a lot of work.
However, we are ready to go through the temporary stress that will make things work out in our favor.
Over time, cell phones have metamorphosed from luxury items to necessities.
The cell phone industry has boomed even amid economic turmoil. This particular attribute of the cell phone industry is capable of keeping every business person involved in this industry going.
One reason for the boom in the cell phone industry, even in the face of a lousy economy, is the fear of being alienated from the internet and the rest of the world.
Sales and Marketing Strategies
It is usual for a business to take a while before being fully established. As much as getting loyal customers might not happen quickly, we intend to make this as short as possible.
As a result, we will ensure our customers are treated with the utmost respect. We will also print out handbills and place them in strategic positions. This we believe will attract lots of customers.
Everyone makes use of phones; this, therefore, makes the market for cell phones a large one. We know it will be impossible to offer our services to everyone in the cell phone market.
As a result of this, we have chosen a group of people that we believe will need our services the most.
- Business executives
- Stay-at-home moms.
We want to start our cell phone retail store on a big scale.
As a result of this, we will need $200,000 to get started. This amount will be used to get a good facility and top quality goods. We already have 70% of this amount. We will get the remaining from the bank.
We understand how competitive the cell phone industry is. However, we have devised a brilliant idea to succeed at the highest level. We intend getting a mobile store in addition to our main store.
With this, we can always make our products available to our customers wherever they are.
This is a cell phone store business plan for De Perfect cell phone store. This cell phone store is jointly owned by Toby and Mark Jacob and will be in Atlanta, Georgia.