Here, our Footwear Shop Detailed Project Report (DPR) deliver after thorough project analysis, which is created based on deep research and rich in graphics and pictorial view and contain required information or data to fulfill its purpose for Bank loan, Government Sponsored Scheme etc.
Our report data is up to date and easily impress your lender as these Footwear Shop Project Report made by Chartered Accountants. Project reports having unbeatable quality, extraordinary project reports, trusted by thousands of people.
In our reports, you get every micro detail and accurate level of calculation as per the banking guidelines, acceptable to every bank, Non-Banking Financial Company, Government Departments and other financial institutions etc. These reports are very straight forward contain honest descriptions, neat, readable, and to-the-point. Reports are well spaced with titles and subtitles and are free of language errors.
Our report preparation team makes sure that the report is concise and transmits maximum information with minimum words. It guides you to show a roadmap for your business in the longer term. Every bank always has a look at your project report before they lend out any money. It’s important to have a report that’s clear with simple language, easy to understand and one that will offer a real insight into the business ideas that you have.
Footwear Shop Project
After the USA and China, India is the 3rd largest footwear consuming country in the world. All these are separating from each other with very small margin bur very soon India expected to be the second-largest consumer.
India yearly produces 2.1 billion pairs, out of which 90 per cent are consumed internally while the rest are export to European countries.
Opening a shoe store requires planning and preparation, but it can be a lucrative way to make money. Here some steps to start a shoe store business.
A wide variety of shoes available from baby shoe store to bride and grooms, from local to branded. If you are in style and looking forward to starting a business, then starting a shoe store is a good idea. This is a flexible business in which you can operate online or in your local area.
An opening of a shoe store is a money-making and profitable business; only you need good planning and dealing with clients or customers.
Here are some tips to help owners and entrepreneurs to start a shoe retail store:
Target the Particular Shoe Types
When starting a business, the first thing is to choose a speciality, means whether you want to start with men’s or women’s footwear or you want to deal in leather stocks only or go for various type of shoes only from a single brand or multiple brands or also go for non-branded items.
Instead of all this, you can go for small scale designers of ethnic wears like juttis or mojris or kolhapuri styles or originally sourced leather shoes etc. All this depends on the type of audience and footwear you target for your business, and once the category is finalized, the next step is sourcing the product.
After the shoe product selection, next is planning the business strategy. Start planning in which direction you want to move. Also, try to find out whether online business or opening store is more successful.
Other details like-
- Costing of set up
- Time is taken to settle down
- Business funds obtain
- Number of employees required or not
- Any tools or equipment required
- Finding your competitors
The Business plan is a kind of survey which covers all the details and help to find out unrevealed feature which helps in planning.
Business Registration & licensing
This is the essential step of any business, and you have to do it immediately as soon as you start work not to be stuck in any legal issue. A person who is starting a business depends onchoosing a sole proprietorship or a partnership or a limited liability partnership or a one-person company and doing registration of your business gives identification to your work.
Besides choosing a business structure, some licenses are also required to start a business, and one of the important business is Shop Act if a store is under municipal limits, GST registration is must these days to run a smooth business.
Open Wholesale Accounts
Always ensure that you buy your inventory wholesale at a margin of 40-60% off retail price to make profits and open accounts with wholesale distributors to earn a profit. If you are planning to open a shoe store in a metro city, then you find local vendors or online companies.
Lease a Storefront
When starting a shoe store, choose the selling area and keep your target market in mind. For example, selling designer shoes in the street market is the worst but kid’s shoes selling go very well and increase sales. For a shoe store, you can take a rented store or start online auction sites.
Decorate Your Store
Design interiors of your store as per customer selection. For example, if you open a kid’s shoe store, then go for sparkling decoration and make some playing area.
Marketing the Business
Marketing is the next major step and highly important for any business to get popularity as in case of opening a shoe store, and you get a huge number of competitors. Some tips like business name must be unique with which customers easily connect and identify you in such a big crowd with some beautiful logo which helps you to create a brand image.
Secondly, promote your store using social networking sites, launch websites, use pamphlets or newspaper ads by displaying discounted schemes like complementary saloon coupons, jewellery or clothing coupons etc.
All these ideas help you to speed up your business and help in advertising, and practically, it is a requirement these days for the fashion business.
Some Tips for Opening a Shoe Boutique
While opening a shoe store, you and your staff must be polite and understanding to every customer. For a successful business, also hire several employees to maintain the proper functioning of the store like hire clerks, sales boy and cashiers.
Identify Your Rivals
Groundwork is very important inthe shoe store business as there are two types ofmarkets. One is a low-cost market in which low-cost products are available with brands or non-brands and its lower-class or lower-middle-class people requirement. Other is a high-cost market having expensive branded products.
Research means market study as well as find out your rivals.
Visit all stores within fifteen to twenty kilometres of your store and list out to find out the way they are dealing with customers and identify the strength and weaknesses of your rivals. As they are your future competitors, so it’s better to understand their strategy.
Crowd observance is must during weekends, festivals and weekdays as one can never wear only a single pair of shoes always. People have different tastes for different occasions like parties, formals, casuals and sports activities. All this you can observe only when you visit the market crowd and understand the latest styles.
After observing all points, decide location which should be in a busy market or inside some shopping mall where always crowd available, and easily you can draw customer attention.
Project Report Format
In our project report format, we cover technology details, its diagrams, flow chart etc.. as and when required or deemed fit to include. Also, prepare in-depth financial calculations including CMA which is necessary for the Investor/bank.
Key Points Cover in Detailed Project Report on Footwear Shop
As mentioned above, Footwear Shop Detailed Project Report (DPR) is a complete package that contains everything that requires getting funds up to 25 Crores (Twenty Five Crores). Checkout our DPR sample to make your vision more clear. Usually, the Detailed Project Report (DPR) is needed when you apply for a bank loan or Government scheme. Project Report Bank aims to create the reports accurately from the start and make sure that businessmen get the right value and results from the reports.
The following are the key points we generally covers while making DPR, whichever relevant to your business :-
- Introduction to Project and Industry
- Executive Summary
- Profile of the business in the country
- Project Evaluation – Social Angle
- Analysis of basic variables
- Socio- Economic Advantage
- Impact on environment
- Foreign Trade Income
- Value addition
- Import replacement
- Technology assimilation and so on
- Present condition of the business
- Consumer Inclinations
- Market Prerequisites
- Market Portions
- Distribution Channels
- Market Qualities of the Item
- Export Possibilities and Global Market
- Marketing and selling game plans
- SWOT Analysis
- Particulars Of Existing / Proposed Bank Credit Facilities (Form – I)
- Projected Profitability Statement ( Form – II)
- Projected Balance Sheet (Form – III)
- Comparative Operation Statement (Form – IV)
- Maximum Permissible Bank Finance MPBF – (Form – V)
- Cash Flow Statement – (Form – VI)
Monetary Projections Details Contains:
- Cost of Project & Means of Finance
- Details of Raw Materials
- Details of Utilities
- Human Resources Planning
- Technical Manufacturing Business Process
- Assumptions in monetary projections
- Projected Sales & Production
- Cost of Production and Profitability
- Fund Flow Statement
- Working Capital Cycle
- DSCR – Debt Service Coverage Ratio
- BEP – Break Even Point Analysis
- IRR – Internal Rate of Return
- ISCR – Interest Service Coverage Ratio
- Calculation of payback period
- Debt to Equity Ratio
- Working Notes for Monetary Projections
- EBIT – Earnings before interest and taxes
- EBITDA – earnings before interest, taxes, depreciation, and amortization
- Cash Burn Rate
- Discounted Cash Inflow & Outflow
- NPV – Net Present Value
- Net Worth
Report Size : 40 – 50 Pages,
In which, Financial Projections : 18 – 20 Pages
Get Detailed Project Report
Gone are the days waiting at the door of the expert , as a result, get you Footwear Shop project report in hand, now you can get you business plant in just 7 days.
First Step – Click add to basket >> Check Out >> Payment
Second Step – Provide Required Information on What’s App No. 9301130551 or Email on [email protected]
Third Step – Get report within 7 days in PDF format.
Don’t gamble anywhere, if you are serious about your business plan then Project Report bank is the right place to higher for the preparation of your detailed reports.
To save time, we deliver reports over e-mail in a high-resolution PDF file and also provide hard copy through courier service in a given period. Our one more positive thing is that we provide 3 times free changes to your document post-delivery for up to 6 months and thereafter, on minor charges.
Every financial formula required by the bank is contained in a comprehensive Footwear Shop project report. To get the sample financial project report on WhatsApp, kindly share your details with our support specialist and get it easily. Also, you can contact our support specialist by just clicking the HELP button on the bottom right corner of this screen. Our project report assistance helps in explaining the features of the reports to make you more clear and understandable on different project reports.