LOCKERS
1. Executive Summary
1.1 Lockers Galore provides lockers for anywhere you need them! We have all types of lockers. We can deliver and install them for you, or you can come and pick them up. We want people to have lockers with a lot of space and shelves. The shelves are removable also!
1.2 Our demographics are mostly schools and businesses. We anticipate that high schools will purchase them most.
1.3 We want to pursue this business for schools that need lockers. Schools will benefit from this because kids need somewhere to put their stuff between classes so they do not have to carry so much in their backpacks. Most kids have eight classes and their backpacks get extremely heavy throughout the day.
2. Entrepreneur Business Background
2.1 Lockers are much easier to work with than having to carry around a heavy backpack all day. Most kids would rather have a locker.
2.2 I have not had that much experience.
3. Products and/or Services
3.1 Our lockers have a lot of space and a few shelves. You can fit your backpack, textbooks, notebooks, and everything else needed for school.
1.1 Lockers Galore provides lockers for anywhere you need them! We have all types of lockers. We can deliver and install them for you, or you can come and pick them up. We want people to have lockers with a lot of space and shelves. The shelves are removable also!
1.2 Our demographics are mostly schools and businesses. We anticipate that high schools will purchase them most.
1.3 We want to pursue this business for schools that need lockers. Schools will benefit from this because kids need somewhere to put their stuff between classes so they do not have to carry so much in their backpacks. Most kids have eight classes and their backpacks get extremely heavy throughout the day.
2. Entrepreneur Business Background
2.1 Lockers are much easier to work with than having to carry around a heavy backpack all day. Most kids would rather have a locker.
2.2 I have not had that much experience.
3. Products and/or Services
3.1 Our lockers have a lot of space and a few shelves. You can fit your backpack, textbooks, notebooks, and everything else needed for school.
3.2 Our product in manufactured at our warehouse. We have employees that put together the lockers in an assembly line.
The lockers are distributed through the internet, or directly to the customer.
The lockers are delivered within two to three weeks. We can help with installation or you can install them yourself.
4. Market Needs Assessment
4.1 Our product helps kids that have a lot to carry at school. Also, it allows space in locker rooms for athlete's stuff. Unlike Jergonson's lockers, we have a much wider selection.
4.2 Schools will mostly be buying our product. School Administrators and Principals will be purchasing the lockers. We will make out product available on the internet.
4.3 Buyers will look for the lockers with best quality and warranties.
5. Competitive Advantages
5.1 We deliver faster than all of our competitors. We have better prices and we offer warranties on our lockers.
6. Ethics and Social Responsibility
6.1 Some challenges we might face are the customers not liking the product and having to return all of them. If people stop making more schools around the nation, we will only have buyers from gyms and other places like that.
6.2 This company has great customer service and warranties.
7. Operations and Management
7.1 This company will be a cooperation. This is a nationwide company so it needed to be a cooperation.
7.2 The start-up purchases will be things like ware houses, computers, boxes, trucks, supplies for lockers, and machines.
7.3 We are hiring around 30 employees. They need experience with machinery, how to work as a cashier, and how to count inventory.
8. Accounting and Finance
8.1 The highest financial potential will probably be the price of the building and the machinery. Medium costs will be things like furniture and electricity. Low costs will be things like boxes, small tools, and office supplies.
8.2 To start up this business it will be around $90,000. We have to pay rent, buy machinery, and buy furniture and other stuff.
8.3
A. Revenue
- Schools (700 students x $75) = $52,500
- Gyms (300 members x $75) = $22,500
- Businesses (100 employees x $75) = $7,500
______________________________________
subtotal= $82,500
B. Cost of Goods
- Warehouse ($5,000 x 12) = $60,000
- Trucks ($1.200 payment x 12) = $14,400
- Tools ($600)
- Machines ($20,000)
_____________________________________
subtotal= $95,000
Gross Profit
Revenue - cost of goods= -$12,500
C. Electricity ($1,000 x 12) = $12,000
+ $95,500
_________
$107,500
Solution:
Millennium High School does not have that many students compared to a regular high school. To get lockers, it would not be that expensive. Getting lockers would help keep the students organized which would help their grades. Student usually keep their back packs a mess with papers shoved at the bottom. Lockers would prevent that.
Cost Benefit Solution:
Our lockers come at a reasonable price, $75. If they are smaller, they are less expensive. They come in all colors, you can pick your school colors. We sell benches as well.
The lockers are distributed through the internet, or directly to the customer.
The lockers are delivered within two to three weeks. We can help with installation or you can install them yourself.
4. Market Needs Assessment
4.1 Our product helps kids that have a lot to carry at school. Also, it allows space in locker rooms for athlete's stuff. Unlike Jergonson's lockers, we have a much wider selection.
4.2 Schools will mostly be buying our product. School Administrators and Principals will be purchasing the lockers. We will make out product available on the internet.
4.3 Buyers will look for the lockers with best quality and warranties.
5. Competitive Advantages
5.1 We deliver faster than all of our competitors. We have better prices and we offer warranties on our lockers.
6. Ethics and Social Responsibility
6.1 Some challenges we might face are the customers not liking the product and having to return all of them. If people stop making more schools around the nation, we will only have buyers from gyms and other places like that.
6.2 This company has great customer service and warranties.
7. Operations and Management
7.1 This company will be a cooperation. This is a nationwide company so it needed to be a cooperation.
7.2 The start-up purchases will be things like ware houses, computers, boxes, trucks, supplies for lockers, and machines.
7.3 We are hiring around 30 employees. They need experience with machinery, how to work as a cashier, and how to count inventory.
8. Accounting and Finance
8.1 The highest financial potential will probably be the price of the building and the machinery. Medium costs will be things like furniture and electricity. Low costs will be things like boxes, small tools, and office supplies.
8.2 To start up this business it will be around $90,000. We have to pay rent, buy machinery, and buy furniture and other stuff.
8.3
A. Revenue
- Schools (700 students x $75) = $52,500
- Gyms (300 members x $75) = $22,500
- Businesses (100 employees x $75) = $7,500
______________________________________
subtotal= $82,500
B. Cost of Goods
- Warehouse ($5,000 x 12) = $60,000
- Trucks ($1.200 payment x 12) = $14,400
- Tools ($600)
- Machines ($20,000)
_____________________________________
subtotal= $95,000
Gross Profit
Revenue - cost of goods= -$12,500
C. Electricity ($1,000 x 12) = $12,000
+ $95,500
_________
$107,500
Solution:
Millennium High School does not have that many students compared to a regular high school. To get lockers, it would not be that expensive. Getting lockers would help keep the students organized which would help their grades. Student usually keep their back packs a mess with papers shoved at the bottom. Lockers would prevent that.
Cost Benefit Solution:
Our lockers come at a reasonable price, $75. If they are smaller, they are less expensive. They come in all colors, you can pick your school colors. We sell benches as well.