Barry Parent
Vail, CO (USA)
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Vail Skate Supply
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Startup
Location:
Vail
Industry:
Retail/Clothing
Year Founded:
2010
Number Employees:
1-10 people
Description:
Vail Skate Supply is a new apparel, shoe and skateboarding shop that caters to the youth and young adults in the Vail Valley. Our focus is to provide apparel, shoes, boards and accessories in an upper scale, industrial chic environment. Our store will exemplify the latest in cutting edge products and trends. We expect to be, and will strive to position ourselves as, the top retail store servicing this particular market.
We are the first and only skateboard shop in the city of Vail. Our market research within Vail has indicated that local skaters are frustrated with current retailers in the nearest cities. Our intentions are to obtain 80% market share and become a central hub of shopping activity for the local skateboarding population, as well as for others who would enjoy wearing the latest trends and fashions. Vail Skate Supply will be located at 616 West Lionshead cir. Vail, Colorado. This location places us squarely in the center of the resort,retail, and social areas frequented by our target market. We believe that this location is critical to our initial success and long-term growth.
Vail Skate Supply will be owned and managed by Barry and Celenda Parent. Celenda, the merchandising manager, has been the retail supervisor and manager for local retail/rental establishments. She is also a member of the Colorado BAR assc. And has a law degree from University of Wisconson. Barry, our founder and marketing manager, has over fifteen years retail experience. He also has been hard and soft goods buyer for local retail/rental shops. Barry has been an avid skateboarder since age 9.
Our conservative sales forecasts, based on solid market research, will yield a net profit over $6,000 in the first year, increasing to almost $20,000 in year three. To support this plan and set it in motion, the owners are contributing $600 in cash, and another $2,200 in short-term assets. We are seeking an additional $10,000 in short-term loans, to be repaid over three years, to cover our start-up requirements.