Surzine Nguiah
Wahington, DC (USA)
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Fabel
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Startup
Location:
Wahington
Industry:
Retail/Clothing
Year Founded:
2009
Number Employees:
1-10 people
Description:
Fabel is a new apparel store, with an exceptional concept, that caters to women in the Washington DC, Maryland and Virginia area. We plan to provide stylish fashionable apparel and accessories. Our intentions are to obtain 80% market share and become a central hub of shopping activity for the local female population as well as others who enjoy wearing trendy designer clothes at an affordable price.
Fabel will be located in Washington DC metropolitan area. Fabel has centralized itself directly in position to the residential location and social activities of our target market. We believe that this is critical to our initial success and long term growth.
The company will start with three months inventory on hand for apparel and accessory as this is the main revenue generator. The majority of the company’s assets will reside in inventory. The opening day’s cash on hand balance will be $384.
The purpose of the business plan is to secure a $500.000 loan. This supplemental financing is required to work on site preparation, inventory and operational expenses. The loan amount appears in the long-term liability row of the start-up summary. Other financing will include a revolving line of credit of $2000 for inventory replenishment during months of high receipts. Successful operation and building a loyal customer base will allow Fabel to be self sufficient and profitable in year two.