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Furniture Business Plan Template

DEC.11, 2017

Furniture Business Plan Template

Do you want to start furniture business?

Are you planning to start a furniture business ? Well the furniture manufacturing industry requires a lot of capital, manpower and related knowledge but the rate of return you get after investing in this business is simply worth the efforts. The biggest advantage in starting this business is that furniture is one of the basic necessities of people hence it is a widespread market which keeps blooming throughout the year. And many outclass people also don’t mind to change or update their furniture every now and then. The first thing before starting any business is to write a comprehensive business plan which establishes the basis of your company’s future operations and decisions, in this will help business consultants . It also provides detailed guidelines about everything you will be doing in the next few years. If you are wondering how to write an effective business plan then here we are providing you the business plan of a furniture startup named ‘The Wood House’.

Executive Summary

2.1 the business.

The Wood House will be an American furniture manufacturing company located at the outskirts of Wesley Chapel, a village in Caldwell County of North Carolina. The company will be licensed to buy wood from the authorized wood suppliers from the Croatan National Forest, North Carolina and hence we are strategically located at the best available site for a furniture production factory. The business will be owned and operated by Rick Doug. Rick did his Bachelors in Industrial Engineering from the University of Michigan. After his studies he worked in several furniture companies in the US and has been serving as the director operations at IKEA-US for the last 5 years.

Furniture-business plan

2.2 Management

The Wood House will be primarily a supreme-class furniture producer. Rick has already acquired license to procure Beech, Oak and Mahogany wood from the Croatan National Forest and some other sources. The company will be initially launched as a small business furniture mainly operating in two units, a major production facility in Wesley Chapel and a small company office in Charlotte, North Carolina which will be overseeing the distribution of products. Other than these two main units, the Wood House will also open three display centers located in Washington, Chicago and Houston.

2.3 Customers

The company aims to serve the residential and commercial zones of the cities containing its outlets along with exporting its products to other major cities as well.

2.4 Target of the Company

The company aims to provide latest and innovative supreme-class furniture to its customers. Rick’s target is to become one of the leading furniture manufacturers of the US within next ten years of the launch.

Company Summary

3.1 company owner.

The Wood House will be owned and operated by Rick Doug who has been in furniture industry for the last 20 years. Rick has been planning this startup for the last couple of years and, thus, has all resources including the right knowledge for starting a furniture company .

3.2 Why the Business is being started

Rick has always wanted to bring innovations in the traditional furniture products being used everywhere. He had some amazing innovative ideas in his mind which could not be applied by working in some other company, though holding an executive position. That’s why Rick had been planning his own business for the last couple of years. He aims to revolutionize the world of furniture by introducing foldable compact furniture products to minimize their space usage in homes.

3.3 How the Business will be started

Rick has planned everything about his business. He hired professional experts from various fields to help him craft a detailed map about his business. The financial experts have forecasted following costs for expenses, assets, investment, and loans for the Start-up.

Furniture business plan - Startup Cost

The detailed start-up requirements, start-up funding, start-up expenses, total assets, total funding required, total liabilities, total planned investment, total capital and liabilities as forecasted by experts, is given below:

Services for customers

The Wood House will be manufacturing following supreme-class furniture products for its customers:

  • Single and double beds
  • Sofas and luxury wooden chairs
  • Study and dining tables
  • Drawers and chests
  • Desks and office chairs
  • Bookcases and cabinets

Rick has started the furniture business to introduce space-efficient foldable furniture products for minimizing space usage along with the commercial production of usual furniture products. The company will also offer repair and maintenance services like polishing and glazing of old furniture.

Marketing Analysis of furniture business

The most important part in developing an effective furniture business plan sample is its marketing analysis that’s why Rick hired the services of marketing experts to help him develop a good furniture business plan . He also went through various plans before making his own plan of starting furniture business .

5.1 Marketing Segmentation

The Wood House’s target customers vary from individual buyers to multinational retail stores. We have identified following type of target audience which can become the future customers of our products.

Furniture business plan - Market Segmentation

The detailed marketing segmentation of our target audience is as follows:

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5.1.1 Individual Buyers:

The Wood House will open three display centers, initially, in the first year of its startup in Washington, Chicago and Houston. The purpose of these showrooms is to attract individual buyers residing in these areas. All of these cities are well established and comprise of well-off people that’s why they can easily buy our products. We have specifically design luxurious products to target this wealthy community. These individual buyers are expected to buy the biggest portion of our projects.

5.1.2 Institutions:

We will directly supply our furniture products mainly chair, cabinets, and desks to various educational institutions along with courts, churches, hospitals, municipal authorities and other institutions located in our three targeted cities.

5.1.3 Departmental Stores:

The wood House will also supply its products to various departmental stores and mega malls located in the major cities of America. These departmental stores will also display our products along with the products of various competitors and will be our second-biggest consumer after the individual buyers.

5.1.4 Businesses:

We will supply office furniture to various companies, offices, and businesses based in our three target cities especially Washington.

5.1.5 Maintenance Services:

We will offer repair and maintenance services like polishing and glazing of old furniture to our various customers. For this purpose we will allocate a special staff in our display centers located in targeted cities. The detailed market analysis of our potential customers is given in the following table:

5.2 Business Target

We aim to revolutionize the traditional designs of furniture products by introducing foldable compact furniture concept. Our target is to become one of the leading furniture producing companies of America within next 10 years by providing highest-quality wooden products within affordable prices. At our company, we will provide a top-notch customer service. Our every employee and salesperson will treat our customers with utmost respect so as to build a long-lasting relationship with them.

5.3 Product Pricing

Setting the prices of products is the most challenging part of any startup because it is very difficult to achieve the MARR (minimum attractive rate of return) while also attracting the customers towards it. Considering all restraints and aspects, we have priced our products in the similar ranges as of our competitors except the compact furniture which include foldable desks, tables, and chairs. These products are slightly expensive because they cost more to produce.

Rick carried out an extensive research and also hired financial experts to help him develop an effective sales strategy for the company. Although he knew how to start a furniture business yet he took help of experts from various fields so as to make this venture successful. The sales strategy of The Wood House developed by our experts is as follows:

6.1 Competitive Analysis:

We have a really tough competition ahead of us because there are hundreds of other established furniture companies in the United States. That’s why Rick has thought through everything to make his company stand out among others. Although we will produce supreme-quality furniture with latest design but our main competitive edge is our concept of space-efficient foldable furniture, designed to fit in the limited space available in compact American homes. We believe that if marketed properly this concept can revolutionize the world of furniture and give us unparalleled superiority in this business.

6.2 Sales Strategy

We will introduce our startup to our target customers and stake holders by sending brochures and introductory letters about us. We will carry out a large-scale social media campaign for our advertisement. We will offer discounts and gifts on our products present in several retail stores to encourage sales.

6.3 Sales Forecast

We believe that people will use our products for the rest of their lives, if they try them even for one. Considering the market demand and the quality of our products, our sales pattern is expected to increase with years. By analyzing our market segmentation strategy, our experts have forecasted the following sales on yearly basis which are summarized in the column charts.

Furniture business plan - Unit Sales

The detailed information about sales forecast, total unit sales, total sales is given in the following table:

Personnel Plan

Rick hired a Human Resource Manager for helping him develop a personnel plan for starting a furniture making business . He developed the following personnel plan for the staff needed for the company along with their average salaries with the help of experts.

7.1 Company Staff

Rick will act as the Chief Operating Officer of the company. The company will initially hire following people:

  • 1 General Manager to manage the operations in the production unit.
  • 2 Administrators / Accountants to maintain financial records.
  • 2 Engineers responsible for operating and maintaining production unit.
  • 4 Sales and Marketing Executives responsible for delivering products to retailers and discover new ventures.
  • 3 Mangers to operate display centers.
  • 30 Field Employees for operating the production unit and display centers.
  • 10 Drivers to transport furniture to display centers, departmental stores, institutions and companies.
  • 1 Front Desk Officer to act as a receptionist in the company Charlotte office.

To ensure the best quality service, all employees will be selected through vigorous testing and will be trained for a month before starting their jobs.

7.2 Average Salary of Employees

The following table shows the forecasted data about employees and their salaries for next three years.

Financial Plan

Rick has developed the following financial plan for starting a custom furniture business with the help of financial experts. The plan outlines the financial development of The Wood House over the next three years. Rick had been saving up for this business for the last couple of years. That’s why the company will be solely financed by him and he will also control the direction of business to make sure that it is expanding at the forecasted rate. No equity funding or outside loan will be required unless the company expands faster than forecasted.

8.1 Important Assumptions

The company’s financial projections are forecasted on the basis of following assumptions. These assumptions are quite conservative and are also expected to show deviation but to a limited level such that the company’s major financial strategy will not be affected.

8.2 Brake-even Analysis

The following graph shows the company’s Brake-even Analysis.

Furniture business plan - Brake-even Analysis

The following table shows the company’s Brake-even Analysis.

8.3 Projected Profit and Losss

The following charts show the company’s expected Profit and Loss situation on the monthly and yearly basis.

8.3.1 Profit Monthly

Furniture business plan - PROFIT MONTHLY

8.3.2 Profit Yearly

Furniture business plan - PROFIT YEARLY

8.3.3 Gross Margin Monthly

Furniture business plan - GROSS MARGIN MONTHLY

8.3.4 Gross Margin Yearly

The following table shows detailed information about profit and loss, and total cost of sales.

Furniture business plan - GROSS MARGIN YEARLY

8.4 Projected Cash Flow

The following column diagram shows the projected cash flow.

Furniture business plan - Projected Cash Flow Diagram

The following table shows detailed data about pro forma cash flow, subtotal cash from operations, subtotal cash received, sub-total spent on operations, subtotal cash spent.

8.5 Projected Balance Sheet

The following projected balance sheet shows data about total current assets, total long-term assets, total assets, subtotal current liabilities, total liabilities, total capital, total liabilities and capital.

8.6 Business Ratios

The following table shows data about business ratios, ratio analysis, total assets, net worth.

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Furniture Store Business Plan Template

Written by Dave Lavinsky

Furniture Store Business Plan Outline

  • Furniture Business Plan Home
  • 1. Executive Summary
  • 2. Company Overview
  • 3. Industry Analysis
  • 4. Customer Analysis
  • 5. Competitive Analysis
  • 6. Marketing Plan
  • 7. Operations Plan
  • 8. Management Team
  • 9. Financial Plan

Start Your Furniture Store Plan Here

Furniture Store Business Plan

You’ve come to the right place to create your business plan.

We have helped over 100,000 entrepreneurs and business owners create business plans and many have used them to start or grow their furniture store companies

Sample Business Plan For a Furniture Store

Click each link below to see an example of how to write each essential component of a business plan for your furniture store:

Next Section: Executive Summary >

Furniture Store Business Plan FAQs

What is a furniture store business plan.

A furniture store business plan is a plan to start and/or grow your furniture store business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections.

You can  easily complete your furniture store business plan using our Furniture Store Business Plan Template here .

What Are the Main Types of Furniture Stores?

There are many types of furniture stores. Most stores focus on traditional designs and concepts, some stores sell discount affordable furniture, and some stores will sell from only one designer or manufacturer. Other furniture stores sell modern furniture that can either be affordable, moderately priced, or priced on the high-end.

What Are the Main Sources of Revenue and Expenses for a Furniture Store Business?

The primary source of revenue for furniture stores are the products sold at the store and/or warehouse. The furniture store will purchase the items at cost, add a markup, and sell to the public at the marked up cost. 

The key expenses for a furniture store business are the cost of purchasing the product inventory for display, procurement, and shipment of the items. Most times, furniture products come from out of town manufacturers that are in other cities or overseas. Other expenses are the rent and utilities for the facility as well as payroll and marketing costs.

How Do You Get Funding for Your Furniture Store Business Plan?

Furniture store businesses are most likely to receive funding from banks. Typically you will find a local bank and present your business plan to them. Outside investors, crowdfunding, and/or friends or family are other typical funding options. This is true for a traditional furniture store business plan or a custom furniture business plan.

What are the Steps To Start a Furniture Store Business?

Starting a furniture store business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.

1. Develop A Furniture Store Business Plan - The first step in starting a business is to create a detailed furniture store business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast.  

2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your furniture store business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your furniture store business is in compliance with local laws.

3. Register Your Furniture Store Business - Once you have chosen a legal structure, the next step is to register your furniture store business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws. 

4. Identify Financing Options - It’s likely that you’ll need some capital to start your furniture store business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms. 

5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations. 

6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events. 

7. Acquire Necessary Furniture Store Equipment & Supplies - In order to start your furniture store business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation. 

8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your furniture store business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising. 

Learn more about how to start a successful furniture store business:

  • How to Start a Furniture Store Business

Where Can I Get a Furniture Store Business Plan PDF?

You can download our free furniture store business plan template PDF here . This is a sample furniture store business plan template you can use in PDF format.

How to write a business plan for a furniture manufacturer?

furniture manufacturer business plan

Creating a business plan for a furniture manufacturer is an essential process for any entrepreneur. It serves as a roadmap that outlines the necessary steps to be taken to start or grow the business, the resources required, and the anticipated financial outcomes. It should be crafted with method and confidence.

This guide is designed to provide you with the tools and knowledge necessary for creating a furniture manufacturer business plan, covering why it is so important both when starting up and running an established business, what should be included in your plan, how it should be structured, what tools should be used to save time and avoid errors, and other helpful tips.

We have a lot to cover, so let's get to it!

In this guide:

Why write a business plan for a furniture manufacturer?

  • What information is needed to create a business plan for a furniture manufacturer?
  • What goes in the financial forecast for a furniture manufacturer?
  • What goes in the written part of a furniture manufacturer business plan?
  • What tool can I use to write my furniture manufacturer business plan?

Being clear on the scope and goals of the document will make it easier to understand its structure and content. So before diving into the actual content of the plan, let's have a quick look at the main reasons why you would want to write a furniture manufacturer business plan in the first place.

To have a clear roadmap to grow the business

It's rarely business as usual for small businesses. The economy follows cycles where years of growth are followed by recessions, and the business environment is always changing with new technologies, new regulations, new competitors, and new consumer behaviours appearing all the time...

In this context, running a business without a clear roadmap is like driving blindfolded: it's dangerous at best. That's why writing a business plan for a furniture manufacturer is essential to create successful and sustainable businesses.

To write an effective business plan, you will need to take stock of where you are (if you are already in business) and where you want the business to go in the next three to five years.

Once you know where you want your furniture manufacturer to be, you'll have to identify:

  • what resources (human, equipment, and capital) are needed to get there,
  • at what pace the business needs to progress to get there in time,
  • and what risks you'll face along the way.

Going through this process regularly is beneficial, both for startups and existing companies, as it helps make informed decisions about how best to allocate resources to ensure the long-term success of the business.

To maintain visibility on future cash flows

Businesses can go for years without making a profit, but they go bust as soon as they run out of cash. That's why "cash is king", and maintaining visibility on your furniture manufacturer's future cash flows is critical.

How do I do that? That's simple: you need an up-to-date financial forecast.

The good news is that your furniture manufacturer business plan already contains a financial forecast (more on that later in this guide), so all you have to do is to keep it up-to-date.

To do this, you need to regularly compare the actual financial performance of your business to what was planned in your financial forecast, and adjust the forecast based on the current trajectory of your business.

Monitoring your furniture manufacturer's financial health will enable you to identify potential financial problems (such as an unexpected cash shortfall) early and to put in place corrective measures. It will also allow you to detect and capitalize on potential growth opportunities (higher demand from a given segment of customers for example).

To secure financing

Whether you are a startup or an existing business, writing a detailed furniture manufacturer business plan is essential when seeking financing from banks or investors.

This makes sense given what we've just seen: financiers want to ensure you have a clear roadmap and visibility on your future cash flows.

Banks will use the information included in the plan to assess your borrowing capacity (how much debt your business can support) and your ability to repay the loan before deciding whether they will extend credit to your business and on what terms.

Similarly, investors will review your plan carefully to assess if their investment can generate an attractive return on investment.

To do so, they will be looking for evidence that your furniture manufacturer has the potential for healthy growth, profitability, and cash flow generation over time.

Now that you understand why it is important to create a business plan for a furniture manufacturer, let's take a look at what information is needed to create one.

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Information needed to create a business plan for a furniture manufacturer

You need the right data in order to project sales, investments and costs accurately in the financial forecast of your furniture manufacturer business plan.

Below, we'll cover three key pieces of information you should gather before drafting your business plan.

Carrying out market research for a furniture manufacturer

Before you begin writing your business plan for a furniture manufacturer, conducting market research is a critical step in ensuring precise and realistic financial projections.

Market research grants you valuable insights into your target customer base, competitors, pricing strategies, and other crucial factors that can impact the success of your business.

In the course of this research, you may stumble upon trends that could impact your furniture manufacturer.

Your market research may reveal that customers may be looking for furniture that is more sustainable and eco-friendly. Additionally, it could point to a trend of customers wanting furniture that is customizable in terms of size and color.

Such market trends play a pivotal role in revenue forecasting, as they provide essential data regarding potential customers' spending habits and preferences.

By integrating these findings into your financial projections, you can provide investors with more accurate information, enabling them to make well-informed decisions about investing in your furniture manufacturer.

Developing the sales and marketing plan for a furniture manufacturer

As you embark on creating your furniture manufacturer business plan, it is crucial to budget sales and marketing expenses beforehand.

A well-defined sales and marketing plan should include precise projections of the actions required to acquire and retain customers. It will also outline the necessary workforce to execute these initiatives and the budget required for promotions, advertising, and other marketing efforts.

This approach ensures that the appropriate amount of resources is allocated to these activities, aligning with the sales and growth objectives outlined in your business plan.

The staffing and equipment needs of a furniture manufacturer

Whether you are at the beginning stages of your furniture manufacturer or expanding its horizons, having a clear plan for recruitment and capital expenditures (investment in equipment and real estate) is vital to ensure your business's success.

To achieve this, both the recruitment and investment plans must align coherently with the projected timing and level of growth in your forecast. It is essential to secure appropriate funding for these plans.

A furniture manufacturer may incur costs for staff salaries, benefits, and training. They may need to provide tools and safety equipment for their employees, such as protective eyewear, gloves, and earplugs. They may also need to purchase various types of machinery for production, such as saws, routers, and drills. Additionally, they may need to purchase materials such as wood, metal, and fabric to make their furniture.

To create a financial forecast that accurately represents your business's outlook, remember to factor in other day-to-day operating expenses.

Now that you have all the necessary information, it's time to dive in and start creating your business plan and developing the financial forecast for your furniture manufacturer.

What goes into your furniture manufacturer's financial forecast?

The financial forecast of your furniture manufacturer's business plan will enable you to assess the growth, profitability, funding requirements, and cash generation potential of your business in the coming years.

The four key outputs of a financial forecast for a furniture manufacturer are:

  • The profit and loss (P&L) statement ,
  • The projected balance sheet ,
  • The cash flow forecast ,
  • And the sources and uses table .

Let's look at each of these in a bit more detail.

The projected P&L statement

The projected P&L statement for a furniture manufacturer shows how much revenue and profit your business is expected to make in the future.

example of projected profit and loss statement in a furniture manufacturer business plan

A healthy furniture manufacturer's P&L statement should show:

  • Sales growing at (minimum) or above (better) inflation
  • Stable (minimum) or expanding (better) profit margins
  • A healthy level of net profitability

This will of course depend on the stage of your business: numbers for a startup will look different than for an established furniture manufacturer.

The projected balance sheet of your furniture manufacturer

Your furniture manufacturer's forecasted balance sheet enables the reader of your plan to assess your financial structure, working capital, and investment policy.

It is composed of three types of elements: assets, liabilities and equity:

  • Assets: represent what the business owns and uses to produce cash flows. It includes resources such as cash, equipment, and accounts receivable (money owed by clients).
  • Liabilities: represent funds advanced to the business by lenders and other creditors. It includes items such as accounts payable (money owed to suppliers), taxes due and loans.
  • Equity: is the combination of what has been invested by the business owners and the cumulative profits and losses generated by the business to date (which are called retained earnings). Equity is a proxy for the value of the owner's stake in the business.

example of forecasted balance sheet in a furniture manufacturer business plan

Your furniture manufacturer's balance sheet will usually be analyzed in conjunction with the other financial statements included in your forecast.

Two key points of focus will be:

  • Your furniture manufacturer's liquidity: does your business have sufficient cash and short-term assets to pay what it owes over the next 12 months?
  • And its solvency: does your business have the capacity to repay its debt over the medium-term?

The cash flow forecast

As we've seen earlier in this guide, monitoring future cash flows is the key to success and the only way of ensuring that your furniture manufacturer has enough cash to operate.

As you can expect showing future cash flows is the main role of the cash flow forecast in your furniture manufacturer business plan.

example of projected cash flow forecast in a furniture manufacturer business plan

It is best practice to organise the cash flow statement by nature in order to show the cash impact of the following areas:

  • Cash flow generated from operations: the operating cash flow shows how much cash is generated or consumed by the business's commercial activities
  • Cash flow from investing activities: the investing cash flow shows how much cash is being invested in capital expenditure (equipment, real estate, etc.) either to maintain the business's equipment or to expand its capabilities
  • Cash flow from financing activities: the financing cash flow shows how much cash is raised or distributed to financiers

Looking at the cash flow forecast helps you to make sure that your business has enough cash to keep running, and can help you anticipate potential cash shortfalls.

Your furniture manufacturer business plan will normally include both yearly and monthly cash flow forecasts so that the readers can view the impact of seasonality on your business cash position and generation.

The initial financing plan

The initial financing plan, also known as a sources and uses table, is a valuable resource to have in your business plan when starting your furniture manufacturer as it reveals the origins of the money needed to establish the business (sources) and how it will be allocated (uses).

furniture manufacturer business plan: sources & uses example

Having this table helps show what costs are involved in setting up your furniture manufacturer, how risks are shared between founders, investors and lenders, and what the starting cash position will be. This cash position needs to be sufficient to sustain operations until the business reaches a break-even point.

Now that you have a clear understanding of what goes into the financial forecast of your furniture manufacturer business plan, let's shift our focus to the written part of the plan.

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The written part of a furniture manufacturer business plan

The written part of a furniture manufacturer business plan is composed of 7 main sections:

  • The executive summary
  • The presentation of the company
  • The products and services
  • The market analysis
  • The strategy
  • The operations
  • The financial plan

Throughout these sections, you will seek to provide the reader with the details and context needed for them to form a view on whether or not your business plan is achievable and your forecast a realistic possibility.

Let's go through the content of each section in more detail!

1. The executive summary

The executive summary, the first section of your furniture manufacturer's business plan, serves as an inviting snapshot of your entire plan, leaving readers eager to know more about your business.

To compose an effective executive summary, start with a concise introduction of your business, covering its name, concept, location, history, and unique aspects. Share insights about the services or products you intend to offer and your target customer base.

Subsequently, provide an overview of your furniture manufacturer's addressable market, highlighting current trends and potential growth opportunities.

Then, present a summary of critical financial figures, such as projected revenues, profits, and cash flows.

You should then include a summary of your key financial figures such as projected revenues, profits, and cash flows.

Lastly, address any funding needs in the "ask" section of your executive summary.

2. The presentation of the company

In your furniture manufacturer business plan, the second section should focus on the structure and ownership, location, and management team of your company.

In the structure and ownership part, you'll provide an overview of the business's legal structure, details about the owners, and their respective investments and ownership shares. This clarity is crucial, especially if you're seeking financing, as it helps the reader understand which legal entity will receive the funds and who controls the business.

Moving on to the location part, you'll offer an overview of the company's premises and their surroundings. Explain why this particular location is of interest, highlighting factors like catchment area, accessibility, and nearby amenities.

When describing the location of your furniture manufacturer, you could emphasize its proximity to major transportation hubs, as well as its access to a wide range of possible suppliers. You might also point out that the region has a diverse workforce and a strong commitment to economic growth. Furthermore, the area could offer a competitive tax and regulatory environment, making it attractive to investors. Finally, you may want to mention the potential to expand if needed, as the region is growing and has a vibrant infrastructure.

Finally, you should introduce your management team. Describe each member's role, background, and experience.

Don't forget to emphasize any past successes achieved by the management team and how long they've been working together. Demonstrating their track record and teamwork will help potential lenders or investors gain confidence in their leadership and ability to execute the business plan.

3. The products and services section

The products and services section of your business plan should include a detailed description of the offerings that your company provides to its customers. 

For example, your furniture manufacturer could offer custom furniture design services to customers who are looking for a unique piece of furniture for their home or office. Additionally, they could offer a variety of finish options so that customers can customize the look of their furniture to their own personal preference. Finally, they could also offer upholstery services so that customers can customize the fabric and/or other materials used for their furniture. These services would be beneficial to customers as it would allow them to customize their furniture to their own personal taste.

When drafting this section, you should be precise about the categories of products or services you sell, the types of customers you are targeting and how customers can buy them.

4. The market analysis

When you present your market analysis in your furniture manufacturer business plan, it's crucial to include detailed information about customers' demographics and segmentation, target market, competition, barriers to entry, and any relevant regulations.

The main objective of this section is to help the reader understand the size and attractiveness of the market while demonstrating your solid understanding of the industry.

Begin with the demographics and segmentation subsection, providing an overview of the addressable market for your furniture manufacturer, the key trends in the marketplace, and introducing different customer segments along with their preferences in terms of purchasing habits and budgets.

Next, focus on your target market, zooming in on the specific customer segments your furniture manufacturer aims to serve and explaining how your products and services fulfil their distinct needs.

For example, your target market might include young professionals. This segment likely has money to spend and is looking for quality furniture to fill their new home. They want something stylish that will last for years and will be worth the investment.

Then proceed to the competition subsection, where you introduce your main competitors and highlight what sets you apart from them.

Finally, conclude your market analysis with an overview of the key regulations applicable to your furniture manufacturer.

5. The strategy section

When crafting the strategy section of your business plan for your furniture manufacturer, it's important to cover several key aspects, including your competitive edge, pricing strategy, sales & marketing plan, milestones, and risks and mitigants.

In the competitive edge subsection, clearly explain what sets your company apart from competitors. This is particularly critical if you're a startup, as you'll be trying to establish your presence in the marketplace among entrenched players.

The pricing strategy subsection should demonstrate how you aim to maintain profitability while offering competitive prices to your customers.

For the sales & marketing plan, outline how you plan to reach and acquire new customers, as well as retain existing ones through loyalty programs or special offers.

In the milestones subsection, detail what your company has achieved thus far and outline your primary objectives for the coming years by including specific dates for expected progress. This ensures everyone involved has clear expectations.

Lastly, in the risks and mitigants subsection, list the main risks that could potentially impact the execution of your plan. Explain the measures you've taken to minimize these risks. This is vital for investors or lenders to feel confident in supporting your venture - try to proactively address any objection they might have.

Your furniture manufacturer faces a variety of risks. They may have difficulty finding suppliers of the raw materials they need to create their furniture. If suppliers are limited, the manufacturer could be stuck with high prices for materials and be unable to turn a profit. Additionally, the manufacturer might face the risk of competition from other furniture manufacturers with similar products. If the market is flooded with similar products, the manufacturer may have difficulty selling their furniture.

6. The operations section

The operations of your furniture manufacturer must be presented in detail in your business plan.

Begin by addressing your staff, specifying the main roles and your recruitment plan to support the anticipated growth. Outline the qualifications and experience needed for each role and discuss your recruitment strategies, which may involve using job boards, referrals, or headhunters.

Next, clearly state your furniture manufacturer's operating hours, allowing the reader to gauge the adequacy of your staffing levels. Additionally, mention any considerations for varying opening times during peak seasons and your approach to handling customer queries outside regular operating hours.

The key assets and intellectual property (IP) required to run your business should also be highlighted. If you rely on licenses, trademarks, physical structures like equipment or property, or lease agreements, ensure they are well-documented in this section.

You may have key assets such as the physical space of your factory - the machinery, tools, technology, and employees who power it - as well as valuable Intellectual Property (IP) such as proprietary production processes and furniture designs. Your IP may include any patented designs, unique techniques, or trade secrets that could give your furniture company an edge over competitors.

Finally, provide a comprehensive list of suppliers you intend to collaborate with, along with a breakdown of their services and main commercial terms, such as price, payment terms, break clauses and contract duration. Investors often seek insight into the reasons behind your supplier choices, which may include a preference for higher-quality products or established relationships from past ventures.

7. The presentation of the financial plan

The financial plan section is where we will include the financial forecast we talked about earlier in this guide.

Now that you have a clear idea of the content of a furniture manufacturer business plan, let's look at some of the tools you can use to create yours.

What tool should I use to write my furniture manufacturer's business plan?

There are two main ways of creating your furniture manufacturer business plan:

  • Using specialized business planning software,
  • Hiring a business plan writer.

Using an online business plan software for your furniture manufacturer's business plan

Using online business planning software is the most efficient and modern way to create a furniture manufacturer business plan.

There are several advantages to using specialized software:

  • You can easily create your financial forecast by letting the software take care of the financial calculations for you without errors
  • You are guided through the writing process by detailed instructions and examples for each part of the plan
  • You can access a library of dozens of complete business plan samples and templates for inspiration
  • You get a professional business plan, formatted and ready to be sent to your bank or investors
  • You can easily track your actual financial performance against your financial forecast
  • You can create scenarios to stress test your forecast's main assumptions
  • You can easily update your forecast as time goes by to maintain visibility on future cash flows
  • You have a friendly support team on standby to assist you when you are stuck

If you're interested in using this type of solution, you can try The Business Plan Shop for free by signing up here .

Need a solid financial forecast?

The Business Plan Shop does the maths for you. Simply enter your revenues, costs and investments. Click save and our online tool builds a three-way forecast for you instantly.

Screenshot from The Business Plan Shop's Financial Forecasting Software

Hiring a business plan writer to write your furniture manufacturer's business plan

Outsourcing your furniture manufacturer business plan to a business plan writer can also be a viable option.

These writers possess valuable experience in crafting business plans and creating accurate financial forecasts. Additionally, enlisting their services can save you precious time, enabling you to concentrate on the day-to-day operations of your business.

It's important to be mindful, though, that hiring business plan writers comes with a cost. You'll be paying not just for their time but also for the software they use, and their profit margin.

Based on experience, a complete business plan usually requires a budget of at least £1.5k ($2.0k) excluding tax, and more if revisions are needed after initial meetings with lenders or investors - changes often arise following these discussions.

When seeking investment, be cautious about spending too much on consulting fees. Investors prefer their funds to contribute directly to business growth. Thus, the amount you spend on business plan writing services and other consulting services should be negligible compared to the amount you raise.

Another aspect to consider is that while you'll receive the output of the business plan, you usually won't own the actual document. It will be saved in the consultant's business plan software, which will make updating the plan challenging without retaining the consultant on a retainer.

Given these factors, it's essential to carefully weigh the pros and cons of outsourcing your furniture manufacturer business plan to a business plan writer and decide what best suits your business's unique needs.

Why not create your furniture manufacturer's business plan using Word or Excel?

Using Microsoft Excel and Word (or their Google, Apple, or open-source equivalents) to write a furniture manufacturer business plan is a terrible idea.

For starters, creating an accurate and error-free financial forecast on Excel (or any spreadsheet) is very technical and requires both a strong grasp of accounting principles and solid skills in financial modelling.

As a result, it is unlikely anyone will trust your numbers unless - like us at The Business Plan Shop - you hold a degree in finance and accounting and have significant financial modelling experience in your past.

The second reason is that it is inefficient. Building forecasts on spreadsheets was the only option in the 1990s and early 2000s, nowadays technology has advanced and software can do it much faster and much more accurately.

And with the rise of AI, software is also becoming smarter at helping us detect mistakes in our forecasts and helping us analyse the numbers to make better decisions.

Also, using software makes it easy to compare actuals vs. forecasts and maintain our forecasts up to date to maintain visibility on future cash flows - as we discussed earlier in this guide - whereas this is a pain to do with a spreadsheet.

That's for the forecast, but what about the written part of my furniture manufacturer business plan?

This part is less error-prone, but here also software brings tremendous gains in productivity:

  • Word processors don't include instructions and examples for each part of your business plan
  • Word processors don't update your numbers automatically when they change in your forecast
  • Word processors don't handle the formatting for you

Overall, while Word or Excel may be viable options for creating a furniture manufacturer business plan for some entrepreneurs, it is by far not the best or most efficient solution.

  • Using business plan software is a modern and cost-effective way of writing and maintaining business plans.
  • A business plan is not a one-shot exercise as maintaining it current is the only way to keep visibility on your future cash flows.
  • A business plan has 2 main parts: a financial forecast outlining the funding requirements of your furniture manufacturer and the expected growth, profits and cash flows for the next 3 to 5 years; and a written part which gives the reader the information needed to decide if they believe the forecast is achievable.

We hope that this in-depth guide met your expectations and that you now have a clear understanding of how to write your furniture manufacturer business plan. Do not hesitate to contact our friendly team if you have questions additional questions we haven't addressed here.

Also on The Business Plan Shop

  • How to write a business plan to secure a bank loan?
  • Key steps to write a business plan?
  • Top mistakes to avoid in your business plan

Do you know entrepreneurs interested in starting or growing a furniture manufacturer? Share this article with them!

Guillaume Le Brouster

Founder & CEO at The Business Plan Shop Ltd

Guillaume Le Brouster is a seasoned entrepreneur and financier.

Guillaume has been an entrepreneur for more than a decade and has first-hand experience of starting, running, and growing a successful business.

Prior to being a business owner, Guillaume worked in investment banking and private equity, where he spent most of his time creating complex financial forecasts, writing business plans, and analysing financial statements to make financing and investment decisions.

Guillaume holds a Master's Degree in Finance from ESCP Business School and a Bachelor of Science in Business & Management from Paris Dauphine University.

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What is Furniture, Fixtures, and Equipment (FF&E)?

furniture and fixtures in business plan

Furniture, Fixtures, and Equipment (FF&E) is business property not permanently connected to a building such as office furniture, partitions, and business equipment used in the operations of a company.

🤔 Understanding furniture, fixtures, and equipment

Furniture, Fixtures, and Equipment (FF&E) is the movable property companies use in business operations. FF&E can be office furniture, fixtures that won’t damage a building structure when removed, and equipment such as computers needed to conduct day-to-day operations. The term FF&E is used in different service industries for various purposes but generally talks about the same items. Accountants refer to FF&E as long-term tangible assets (assets that last more than a year, which you can physically touch) that they value on a company's balance sheet and use for tax purposes. FF&E purchasing or procurement refers to when corporations and public agencies hire interior designers, general contractors, or architects to furnish their office or place of business.

Large corporations and public agencies often hire a company to purchase their furniture, fixtures, and equipment. A corporation or public agency outlines specifications for the type of FF&E it wants, and then different purchasing companies bid on the project. Sometimes the specifications have more to do with state or federal requirements than aesthetics. The San Francisco Public Safety Building specifications were focused on environmental responsibility and adhered to the San Francisco, California Environment Code. Some of the agency’s strict environmental requirements for its FF&E required that:

  • All furniture was certified to meet or exceed Greenguard published emission criteria for furniture.
  • No composite wood and agrifiber products contained any added urea-formaldehyde.
  • No fabric flame retardants contained any Halogenates.
  • No furniture and electrical components contained any PVC.
  • All wood-based products, substrates, and veneers had complete and auditable Forest Stewardship Council Chain-of-Custody documentation, didn’t contain any Tropical Hardwood or Virgin Redwood nor any Arsenic-Treated Wood.
Furniture, Fixtures, and Equipment are everything but the kitchen sink...

The overall definition of FF&E is that if you remove it, it won’t damage the permanent structures and fixtures of a building. The kitchen sink, the toilet, and the faucets belong to the building, but FF&E belong to the business.

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What is the difference between furniture, fixtures, and equipment?

What is ff&e purchasing, what are ff&e specifications, how do you calculate depreciation on ff&e.

Furniture, Fixtures, and Equipment (FF&E) describes property a business owns and uses in day-to-day business that is not attached to the building. It includes movable furniture and furniture that may be fixed to a wall, like a bookshelf, but that won’t damage the structure of a building if removed. It also includes any equipment such as computers used in a business.

Generally, if an item is essential to a business’s operations, and you can carry it out of a building when you leave, it’s most likely FF&E.

Common examples of FF&E are:

  • Lobby furniture
  • Electronic equipment
  • Drapery and blinds
  • Decorative objects

Examples of items that are not considered FF&E are:

  • Consumable products (food, drink, paper products, ink, etc.)
  • Floors and tiles
  • Wallcoverings
  • Plumbing fixtures
  • Built-in reception desks
  • Other built-in woodwork

FF&E for specific businesses can also include things like beds for hospitals and hotels, currency counters for casinos and banks, or tools and compressors for mechanics and auto body shops.

The term FF&E is used in a variety of fields to describe different functions.

As an accounting term, FF&E items are combined on a separate line item under tangible assets on a company’s balance sheet to quantify their value. Something is “tangible” if it has a physical form, and you can touch it. Something is an asset if it has value.

In interior design, architecture, real estate, and construction, FF&E usually refers to the purchasing of furniture, fixtures, and equipment for a new business space, or the addition of items to an existing business space.

Furniture includes more substantial items such as movable office furniture. Fixtures are anything that may be secured, such as cubicle partitions or attached shelving, that have no permanent connection to the structure or building.

For example, a bookshelf might be secured to a wall to prevent it from toppling over, but its removal won’t damage the building structure. A faucet or toilet, however, would be considered a part of the building or premises itself and would not qualify as a fixture in terms of FF&E.

Equipment can refer to anything tangible a business uses for its operations such as computers, audiovisual equipment, phones, copy machines, wiring and devices, and any other industry-specific equipment.

FF&E purchasing, also known as FF&E procurement, is when a business furnishes and equips its business space. The business owner of a small business might purchase FF&E without assistance. But larger companies and public agencies tend to hire FF&E procurement agencies, interior designers, furniture dealers, or architects for FF&E selection or buying services.

Large corporations and public agencies often outsource FF&E purchasing because it’s easier and more efficient than doing it themselves. FF&E procurement companies are responsible for purchasing, delivering, and installing the correct items to a company’s specifications, and making any corrections for things that go wrong, such as faulty equipment or furniture that is substandard.

For example, a new hotel would have to buy many different types of furniture, such as beds, desks, and chairs. It would also have to purchase fixtures like lamps and curtains as well as equipment such as telephones, TVs, and safes. Rather than dealing with a bunch of different vendors for these items, it’s easier to hire a company to do it. An FF&E procurement company could coordinate purchases, delivery, and installation to coincide with the hotel’s opening schedule.

FF&E specifications are thorough descriptions of each item of furniture, fixture, or piece of equipment that a business wants to purchase. Whether a company uses its purchasing department or outsources the purchasing of FF&E, it needs to describe the types of items it intends to acquire in detail.

A company might create FF&E specifications through a contractor, architect, interior designer, FF&E procurement agency, or the company’s internal purchasing department. FF&E specifications have different categories. Some common specification categories are:

  • Proprietary specifications: Proprietary specifications describe a specific type of manufacturer, model number, or brand and do not allow for substitutions. Proprietary specifications are typical when a company wants to add similar or exact FF&E items to those it already has.
  • Prescriptive specifications: Prescriptive specifications require a particular brand or trade name for the items.
  • Performance specifications: Performance specifications describe the operational requirements or the results expected from the items, such as what functions an item must perform after being installed.
  • Base bid specifications: Base bid specifications may request a specific material or product type but allow for substitutions that the purchaser believes are equal in quality, materials, design, or type.
  • Descriptive specifications: Descriptive specifications describe an item in terms of materials, design, and quality but do not advise of any particular brand or trade name.
  • Reference standard specifications: Reference standard specifications refer to specific materials, products, or pieces of equipment based on the requirements set by certain authorities such as state and federal standards.

For accounting purposes, FF&E is categorized on its own line item under PP&E (property, plant & equipment) on a company’s balance sheet as long-term tangible assets or “fixed assets.” In accounting, “long-term” usually means more than one year, and FF&E assets generally have a lifespan of at least three years or more and depreciate over their lifespan.

Depreciation means a decline in the value of an asset over time. Accountants need to determine the depreciation of FF&E assets to be able to quantify their value as an expense over the period of years that make up their useful life.

Since fixed assets have long lifespans, accountants don’t want to write off the full expense of an asset in one year because an FF&E item is used to generate revenue for more than one year. Depreciation is a way to extend the value of a fixed asset over time so that a fixed asset’s expense matches the revenue it helps to generate in a given accounting period.

According to the IRS, FF&E items must meet the following requirements to be depreciable:

  • The business must own them.
  • The business must use them for income-producing activity.
  • They must have a set useful lifespan.
  • Their expected lifespan must be more than one year.

The most common method of depreciation is the straight line depreciation method. The straight line method deducts depreciation in equal annual amounts over the lifespan of a fixed asset.

To use the straight line method, you would first determine the amount it costs to purchase the item (aka adjusted basis). Then you’d subtract the salvage value of the item (how much the thing is worth after its useful lifespan). The IRS states that companies should estimate the salvage value of a fixed asset based upon how long its life spans is. Finally, you’d divide that figure by the number of months or years of an item’s useful lifespan.

For example, say a company purchases a new office server for $40,000. According to the IRS, Mainframe Computer Systems and Servers have a useful lifespan of seven years (84 months). The company estimates that the salvage value of the server is 10% of its purchase price. The depreciation formula would look like this:

$40,000 – (10 percent X $40,000) / 84 months $40,000 – ($4,000) / 84 months $36,000 / 84 months = $428.57 per month or $5,143 per year (rounded to the nearest dollar)

Because the useful lifespan is seven years, an accountant would deduct $5,143 from the value of the server each year for seven years on the balance sheet, until reaching the salvage value. Once the server equals the salvage value, it stays at that value on the balance sheet until it is discarded or sold.

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Furniture Store Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business Plans » Wholesale & Retail

Are you about starting a furniture retail store? If YES, here’s a complete sample furniture retail store business plan template & feasibility report you can use for FREE to raise money .

There is hardly any home that does not have one form of furniture or the other. You will therefore agree that the furniture business over the years have continued to grow in leaps and bounds. This is especially one of the reasons why the industry has continued to be over saturated. This is also one of the businesses that have continued to guarantee good returns on investment.

A Sample Furniture Retail Store Business Plan Template

1. industry overview.

Furniture is a major part of our lives cum facilities; there is hardly any facility that you will come across that you wouldn’t find a piece of furniture in it. This goes to show that the furniture retail stores industry is indeed an important sector of the economy of any country.

Businesses in this industry mainly retail household (living room, dining room and bedroom furniture, upholstered, coffee tables, sofa tables, end tables, sofas, love seats, chairs, bookshelves, ottomans, display cabinets, consoles and TV stands and otherwise), outdoor and office furniture (Desks and home office goods, lamps, recliners, rugs and outdoor furniture make up the rest of sales), except those sold in combination with office supplies and equipment.

The Furniture Retail Stores industry is indeed a major sector of the economy of the united states of America which generates a whooping sum of well over billion annually from more than 28,569 furniture retail outlets scattered all around the United States of America.

The industry is responsible for the employment of well over 217,672 people. Experts project the furniture retail store industry to grow at a 2.5 percent annual rate. The establishment in this industry that has a dominant market share in the United States of America are; Ashley Furniture Industries, Inc. and Inter IKEA System BV.

Statistics has it that the largest product segment of the Furniture Stores industry is living room furniture, which accounts for 49.6 percent of revenue in the industry. This subdivision includes coffee tables, sofa tables, end tables, sofas, love seats, chairs, bookshelves, ottomans, display cabinets, consoles and TV stands.

Prices for products in this subdivision vary considerably depending on brand, style and of course the materials used in making the furniture and they appears to be more expensive than other furniture subdivisions.

As a matter of fact, the high per-unit price of living room furniture has driven growth in this industry, as growing per capita disposable income figures have allowed more consumers to afford living room furniture of which sofas are among the most expensive furniture items sold by operators in the furniture retail stores industry

It is a fact that an estimated two-thirds of the United States’ gross domestic product (GDP) comes from the general retail industry of which the furniture retail stores industry contributes greatly. This is why the United States of America’s economy is measured with the yardstick of how well the retailing business is fairing in the U.S.

In essence, when there is an unstable economy, purchasing power drops and it impacts the retailing / furniture retailing stores industry negatively which may result in the closure of some furniture retail stores.

Over and above, the furniture retail store industry is a profitable industry and it is open for any aspiring entrepreneur to come in and establish his or her business; you can chose to start on a small scale in a street corner without owning a furniture making workshop or you can chose to start on a large scale with a standard furniture making workshop and several outlets in key cities through the United States of America and Canada.

2. Executive Summary

Lord Gabby™ Furniture Store, Inc. is a standard and registered furniture retail store business that will be located in one of the busiest streets in Oklahoma City – Oklahoma.

We have been able to lease a facility that is big enough (a 15 thousand square foot facility) to fit into the design of the kind of standard furniture retail store that we intend launching and the facility is located in a corner piece directly opposite the largest residential estate in Oklahoma City – Oklahoma.

Lord Gabby™ Furniture Store, Inc. will retail a wide range of household furniture (living room, dining room and bedroom furniture, upholstered, coffee tables, sofa tables, end tables, sofas, love seats, chairs, bookshelves, ottomans, display cabinets, consoles and TV stands and otherwise), outdoor and office furniture (Desks and home office goods, lamps, recliners, rugs and outdoor furniture make up the rest of sales). We are set to services a wide range of clientele in and around Oklahoma City – Oklahoma.

We are aware that there are several large and small chains of furniture retail store outlets all around Oklahoma, which is why we spent time and resources to conduct a thorough feasibility studies and market survey so as to be well positioned to favorably compete with all our competitors.

We have an online – service option for our customers, and our outlet is well secured with the various payment of options. Lord Gabby™ Furniture Store, Inc. will ensure that all her customers are given first class treatment whenever they visit our furniture retail store.

We have a CRM software that will enable us manage a one on one relationship with our customers no matter how large the numbers of our customers’ base may grow to. We will ensure that we get our customers involved in the selection of brands that will be on our store and also when making some business decisions.

Lord Gabby™ Furniture Store, Inc. will at all times demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible.

We will ensure that we hold ourselves accountable to the highest standards by meeting our customers’ needs precisely and completely whenever they patronize our products. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our customers.

Lord Gabby™ Furniture Store, Inc. is a family business that is owned by Lord Gabby Marcus and his immediate family members. Lord Gabby Marcus has a Diploma in Furniture Making and a B.Sc. in Business Administration, with well over 15 years of experience in the furniture industry, working for some of the leading brand in the United States.

Although the business is launching out with just one outlet in Oklahoma City – Oklahoma, but there is a plan to open other outlets all around major cities in the United States and Canada.

3. Our Products and Services

Lord Gabby™ Furniture Store, Inc. is in the furniture retail stores industry to service a wide range of clients and of course to make profits, which is why we will ensure we go all the way to make available a wide range of furniture from top manufacturing brands in the United States and other countries of the world.

We will do all that is permitted by the law of the United States to achieve our aim and ambition of starting the business. Our product offerings are listed below;

  • Retailing of household furniture (living room, dining room and bedroom furniture, upholstered, coffee tables, sofa tables, end tables, sofas, love seats, chairs, bookshelves, ottomans, display cabinets, consoles and TV stands and otherwise),
  • Retailing stationary sofas/sofa-sleepers
  • Retailing bedding
  • Retailing master bedroom furniture
  • Retailing formal dining furniture
  • Retailing entertainment furniture
  • Retailing youth and children’s furniture
  • Retail other furniture.

4. Our Mission and Vision Statement

  • Our vision is to become the leading brand in the furniture retail stores industry in Oklahoma and to establish a one furniture retail store in Oklahoma City and in other key cities in the United States of America and Canada.
  • Our mission is to establish a world – class furniture retail store business that will make available a wide range of furniture from top furniture manufacturing brands at affordable prices to the residence of Oklahoma City – Oklahoma and other key cities in the United States of America and Canada where we intend opening of chains of furniture retail stores and franchise.

Our Business Structure

Lord Gabby™ Furniture Store, Inc. do not intend to start a furniture retail store business like the usual mom and pop business around the street corner; our intention of starting a furniture retail store business is to build a standard and one stop furniture retail store outlet in Oklahoma City – Oklahoma.

Although our furniture retail store business might not be as big as Ashley Furniture Industries, Inc. and Inter IKEA System BV, but will ensure that we put the right structure in place that will support the kind of growth that we have in mind while setting up the business.

We will ensure that we hire people that are qualified, honest, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers).

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of ten years or more. In view of that, we have decided to hire qualified and competent hands to occupy the following positions;

  • Chief Executive Officer (Owner)
  • Store Manager
  • Human Resources and Admin Manager

Merchandize Manager

Sales and Marketing Manager

Information Technologist

  • Accountants / Cashiers
  • Customer Services Executive

5. Job Roles and Responsibilities

Chief Executive Officer – CEO:

  • Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
  • Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for fixing prices and signing business deals
  • Responsible for providing direction for the business
  • Responsible for signing checks and documents on behalf of the company
  • Evaluates the success of the organization
  • Reports to the board

Admin and HR Manager

  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
  • Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
  • Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
  • Enhances department and organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments.
  • Defines job positions for recruitment and managing interviewing process
  • Carries out staff induction for new team members
  • Responsible for training, evaluation and assessment of employees
  • Responsible for arranging travel, meetings and appointments
  • Oversees the smooth running of the daily office activities.

Store Manager:

  • Responsible for managing the daily activities in the store
  • Ensures that proper records of furniture are kept and warehouse does not run out of products
  • Ensures that the store facility is in tip top shape and goods are properly arranged and easy to locate
  • Interfaces with third – party suppliers (vendors)
  • Controls furniture distribution and supply inventory
  • Supervises the workforce in the furniture sales floor.
  • Manages vendor relations, market visits, and the ongoing education and development of the organizations’ buying teams
  • Helps to ensure consistent quality of furniture are purchased and retailed in good price that will ensure we make good profit
  • Responsible for the purchase of furniture for the organizations
  • Responsible for planning sales, monitoring inventory, selecting the merchandise, and writing and pricing orders to vendors
  • Ensures that the organization operates within stipulated budget.
  • Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
  • Models demographic information and analyze the volumes of transactional data generated by customer purchases
  • Identify, prioritize, and reach out to new partners, and business opportunities et al
  • Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
  • Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
  • Develops, executes and evaluates new plans for expanding increase sales
  • Documents all customer contact and information
  • Represents the company in strategic meetings
  • Helps to increase sales and growth for the company
  • Manages the organization website
  • Handles ecommerce aspect of the business
  • Responsible for installing and maintenance of computer software and hardware for the organization
  • Manages logistics and supply chain software, Web servers, e-commerce software and POS (point of sale) systems
  • Manages the organization’s CCTV
  • Handles any other technological and IT related duties.

Accountant / Cashier:

  • Responsible for preparing financial reports, budgets, and financial statements for the organization
  • Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
  • Responsible for financial forecasting and risks analysis.
  • Performs cash management, general ledger accounting, and financial reporting
  • Responsible for developing and managing financial systems and policies
  • Responsible for administering payrolls
  • Ensuring compliance with taxation legislation
  • Handles all financial transactions for the organization
  • Serves as internal auditor for the organization

Client Service Executive

  • Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
  • Through interaction with customers on the phone, uses every opportunity to build client’s interest in the company’s products and services
  • Manages administrative duties assigned by the human resources and admin manager in an effective and timely manner
  • Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to customers when they make enquiries
  • Responsible for cleaning all the furniture and the store facility at all times
  • Ensures that toiletries and supplies don’t run out of stock
  • Cleans both the interior and exterior of the store facility
  • Handles any other duty as assigned by the store manager.

6. SWOT Analysis

Our intention of starting just one outlet of our furniture retail store in Oklahoma City – Oklahoma is to test run the business for a period of 2 to 5 years to know if we will invest more money, expand the business and then open other outlets all over major towns in Oklahoma and key cities in the United States and Canada.

We are quite aware that there are several furniture retail stores all over Oklahoma City and even in the same location where we intend locating ours, which is why we are following the due process of establishing a business. We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be welled equipped to confront our threats.

Lord Gabby™ Furniture Store, Inc. employed the services of an expert HR and Business Analyst with bias in retailing to help us conduct a thorough SWOT analysis and to help us create a Business model that will help us achieve our business goals and objectives. This is the summary of the SWOT analysis that was conducted for Lord Gabby™ Furniture Store, Inc.;

Our location, the business model we will be operating on both (physical store and online store), varieties of payment options, wide range of furniture and our excellent customer service culture will definitely count as a strong strength for Lord Gabby™ Furniture Store, Inc.

A major weakness that may count against us is the fact that we don’t have our own furniture making factory, we are a new furniture retail store outlet and we don’t have the financial capacity to compete with multi – billion dollars furniture retail store outlets like Ashley Furniture Industries, Inc., Inter IKEA System BV and co when it comes to retailing at a rock bottom prices for all their furniture and products.

  • Opportunities:

The fact that we are going to operate our furniture retail store in one of the busiest streets in Oklahoma City, Oklahoma provides us with unlimited opportunities to sell our furniture to a large number of individuals and corporate organizations.

We have been able to conduct thorough feasibility studies and market survey and we know what our potential clients will be looking for when they visit our furniture store outlets; we are well positioned to take on the opportunities that will come our way.

Just like any other business, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing / spending power. Another threat that may likely confront us is the arrival of a new furniture retail outlet in same location where ours is located. So also, unfavorable government policies may also pose a threat for businesses such as ours.

7. MARKET ANALYSIS

  • Market Trends

If you are conversant with the Furniture Stores Industry, you will quite agree that the changes in disposable income, consumer sentiment, ever changing trends and of course the rate of homeownership is major growth drivers for this industry.

No doubt, a massive rise in consumer confidence has also contributed in helping the industry experience remarkable growth, but uneven performance in these drivers has led to slightly constrained revenue growth for the Furniture Stores industry.

So also, the rising demand for both home and office furniture, as a result of increasing disposable income and consumer sentiment, will result in revenue growth, but profit margins will stagnate as furniture stores keep prices low to attract more sales amid growing competition.

A close watch on the industry activities reveals that, the Retail Market for Home Furniture and Bedding was hit hard by the recent economic downturn and experienced a decline in revenue in recent time. As part of

Lastly, in recent time, the furniture retail stores landscape has seen tremendous changes in the last 20 years; it has grown from the smaller outlets to a more organized and far reaching venture. The introduction of franchise and online store makes it easier for a retailer to reach out to a larger market far beyond the areas where his physical furniture retail store is located.

8. Our Target Market

Perhaps it will be safe to submit that the furniture retail stores industry has the widest range of customers; almost everybody on planet earth has one or more things that they would need in their houses or offices from a furniture retail store. It is difficult to find households and office facilities without one form of furniture or the other.

In view of that, we have positioned our furniture retail store to service the residence of Oklahoma City – Oklahoma and every other location where franchise cum outlets of our furniture retail stores will be located all over key cities in the United States of America and Canada.

We have conducted our market research and feasibility studies and we have ideas of what our target market would be expecting from us. We are in business to retail a wide range of furniture to the following groups of people and corporate organizations;

  • Bachelors and Spinsters
  • Corporate Executives
  • Business People
  • About to wed couples
  • Corporate Organizations / Offices
  • Government Offices
  • Schools and Students (Library inclusive)
  • Churches and other religious centers

Our Competitive Advantage

A close study of the furniture retail stores industry reveals that the market has become much more intensely competitive over the last decade. As a matter of fact, you have to be highly creative, customer centric and proactive if you must survive in this industry.

We are aware of the stiffer competition and we are well prepared to compete favorably with other leading furniture retail stores in Oklahoma City – Oklahoma and throughout the United States and Canada.

Lord Gabby™ Furniture Store, Inc. is launching a standard furniture retail store that will indeed become the preferred choice of residence of Oklahoma City – Oklahoma and every other location where our outlets will be opened.

Our furniture retail store is located in a corner piece property on a busy road directly opposite one of the largest residential estates in Oklahoma City – Oklahoma. We have enough parking space that can accommodate well over 30 cars / trucks per time.

One thing is certain; we will ensure that we have a wide range of furniture products available in our store at all times. It will be difficult for customers to visit our store and not see the type of furniture that they are looking for. One of our business goals is to make Lord Gabby™ Furniture Store, Inc. a one-stop furniture shop for both household and corporate organizations.

Our excellent customer service culture, online store, various payment options and highly secured facility will serve as a competitive advantage for us.

Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category (startups furniture retail stores) in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives. We will also give good working conditions and commissions to freelance sales agents that we will recruit from time to time.

9. SALES AND MARKETING STRATEGY

  • Sources of Income

Lord Gabby™ Furniture Store, Inc. is in business to retail a wide range of furniture to the residence of Oklahoma City – Oklahoma. We are in the furniture retail stores industry to

10. Sales Forecast

One thing is certain when it comes to furniture retail stores, if your store is well stocked with various types of home and office furniture and centrally positioned, you will always attract customers cum sales and that will sure translate to increase in revenue generation for the business.

We are well positioned to take on the available market in Oklahoma City – Oklahoma and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow the business and our clientele base.

We have been able to critically examine the furniture retail stores industry and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to startups in Oklahoma City, Oklahoma.

Below is the sales projection for Lord Gabby™ Furniture Store, Inc., it is based on the location of our business and other factors as it relates to furniture retail stores start – ups in the United States;

  • First Fiscal Year-: $150,000
  • Second Fiscal Year-: $450,000
  • Third Fiscal Year-: $1 million

N.B : This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor retailing same furniture products and customer care services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

  • Marketing Strategy and Sales Strategy

Before choosing a location for Lord Gabby™ Furniture Store, Inc., we conducted a thorough market survey and feasibility studies in order for us to be able to be able to penetrate the available market and become the preferred choice for residence of Oklahoma City – Oklahoma. We have detailed information and data that we were able to utilize to structure our business to attract the numbers of customers we want to attract per time.

We hired experts who have good understanding of the furniture retail stores industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in Oklahoma City – Oklahoma.

In order to continue to be in business and grow, we must continue to sell the furniture that are available in our store which is why we will go all out to empower or sales and marketing team to deliver. In summary, Lord Gabby™ Furniture Store, Inc. will adopt the following sales and marketing approach to win customers over;

  • Open our furniture store in a grand style with a party for all.
  • Introduce our furniture store by sending introductory letters alongside our brochure to organizations, households and key stake holders in Oklahoma City – Oklahoma
  • Ensure that we have a wide range of home and office furniture from different brand at all times.
  • Make use of attractive hand bills to create awareness and also to give direction to our furniture store
  • Position our signage / flexi banners at strategic places around Oklahoma City – Oklahoma
  • Position our greeters to welcome and direct potential customers
  • Create a loyalty plan that will enable us reward our regular customers
  • Engage in road shows within our neighborhood to create awareness for our furniture store.
  • List our business and products on yellow pages ads  (local directories)
  • Leverage on the internet to promote our business
  • Engage in direct marketing and sales
  • Encourage the use of Word of mouth marketing (referrals)

11. Publicity and Advertising Strategy

Despite the fact that our furniture store is well located, we will still go ahead to intensify publicity for the business. We are going to explore all available means to promote our furniture store.

Lord Gabby™ Furniture Store, Inc. has a long term plan of opening outlets in various locations all around Oklahoma and key cities in the United States and Canada which is why we will deliberately build our brand to be well accepted in Oklahoma City before venturing out.

As a matter of fact, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand. Here are the platforms we intend leveraging on to promote and advertise Lord Gabby™ Furniture Store, Inc.;

  • Place adverts on community based newspapers, radio stations and TV stations.
  • Encourage the use of word of mouth publicity from our loyal customers
  • Leverage on the internet and social media platforms like; YouTube, Instagram, Facebook ,Twitter, LinkedIn, Snapchat, Badoo, Google+  and other platforms to promote our business.
  • Ensure that our we position our banners and billboards in strategic positions all around Oklahoma City – Oklahoma
  • Distribute our fliers and handbills in target areas in and around our neighborhood
  • Contact corporate organizations, households, landlord associations and schools by calling them up and informing them of Lord Gabby™ Furniture Store, Inc. and the products we sell
  • Advertise our furniture store business in our official website and employ strategies that will help us pull traffic to the site
  • Brand all our official cars and trucks and ensure that all our staff members and management staff wears our branded shirt or cap at regular intervals.

12. Our Pricing Strategy

Aside from quality, pricing is one of the key factors that gives leverage to furniture stores, it is normal for consumers to go to places (furniture retail outlets) where they can get home and office furniture at cheaper price which is why big player in the furniture stores industry like Ashley Furniture Industries, Inc., Inter IKEA System BV and co will attract loads of corporate and individual clients.

We know we don’t have the capacity to compete with Ashley Furniture Industries, Inc., Inter IKEA System BV and co but we will ensure that the prices and quality of all the furniture products that are available in our store are competitive with what is obtainable amongst furniture stores within our level.

  • Payment Options

At Lord Gabby™ Furniture Store, Inc., Our payment policy is all inclusive because we are quite aware that different people prefer different payment options as it suits them. Here are the payment options that will be available in every of our outlets;

  • Payment by cash
  • Payment via Point of Sale (POS) Machine
  • Payment via online bank transfer (online payment portal)
  • Payment via Mobile money
  • Payment with check from loyal customers

In view of the above, we have chosen banking platforms that will help us achieve our payment plans without any itches.

13. Startup Expenditure (Budget)

In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting / leasing a big facility, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.

This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.

As for the detailed cost analysis for starting a furniture store business; it might differ in other countries due to the value of their money. This is the key areas where we will spend our start – up capital;

  • The Total Fee for Registering the Business in Oklahoma City – Oklahoma – $750.
  • Legal expenses for obtaining licenses and permits as well as the accounting services (software, P.O.S machines and other software) – $3,300.
  • Marketing promotion expenses for the grand opening of Lord Gabby™ Furniture Store, Inc. in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of $3,580.
  • Cost for hiring Business Consultant – $2,500.
  • Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – $2,400.
  • Cost for payment of rent for 12 month at $1.76 per square feet in the total amount of $105,600.
  • Cost for Shop remodeling (construction of racks and shelves) – $20,000.
  • Other start-up expenses including stationery ( $500 ) and phone and utility deposits ( $2,500 ).
  • Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $60,000
  • The cost for Start-up inventory (stocking with a wide range of home and office furniture) – $250,000
  • The cost for counter area equipment – $9,500
  • Cost for store equipment (cash register, security, ventilation, signage) – $13,750
  • Cost of purchase and installation of CCTVs: $10,000
  • The cost for the purchase of office furniture and gadgets (Computers, Printers, Telephone, TVs, Sound System, tables and chairs et al): $4,000.
  • The cost of launching a Website: $600
  • The cost for our opening party: $7,000
  • Miscellaneous: $10,000

We would need an estimate of $750,000 to successfully set up our furniture retail store in Oklahoma City – Oklahoma. Please note that this amount includes the salaries of all the staff for the first month of operation.

Generating Funding / Startup Capital for Lord Gabby™ Furniture Store, Inc.

Lord Gabby™ Furniture Store, Inc. is a private business that is solely owned and financed by Lord Gabby Marcus and his immediate family members. We do not intend to welcome any external business partner, which is why he has decided to restrict the sourcing of the start – up capital to 3 major sources.

These are the areas we intend generating our start – up capital;

  • Generate part of the start – up capital from personal savings
  • Source for soft loans from family members and friends
  • Apply for loan from my Bank

N.B: We have been able to generate about $250,000 ( Personal savings $200,000 and soft loan from family members $50,000 ) and we are at the final stages of obtaining a loan facility of $500,000 from our bank. All the papers and document have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.

14. Sustainability and Expansion Strategy

The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Lord Gabby™ Furniture Store, Inc. is to build a business that will survive off its own cash flow without the need of injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to retail our wide range of quality home and office furniture a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Lord Gabby™ Furniture Store, Inc. will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare is well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of six years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List / Milestone

  • Business Name Availability Check:>Completed
  • Business Registration: Completed
  • Opening of Corporate Bank Accounts: Completed
  • Securing Point of Sales (POS) Machines: Completed
  • Opening Mobile Money Accounts: Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Application for business license and permit: Completed
  • Purchase of Insurance for the Business: Completed
  • Leasing of facility and remodeling the shop: In Progress
  • Conducting Feasibility Studies: Completed
  • Generating capital from family members: Completed
  • Applications for Loan from the bank: In Progress
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Drafting of Contract Documents and other relevant Legal Documents: In Progress
  • Design of The Company’s Logo: Completed
  • Graphic Designs and Printing of Packaging Marketing / Promotional Materials: In Progress
  • Recruitment of employees: In Progress
  • Purchase of the Needed furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV: In Progress
  • Creating Official Website for the Company: In Progress
  • Creating Awareness for the business both online and around the community: In Progress
  • Health and Safety and Fire Safety Arrangement (License): Secured
  • Opening party / launching party planning: In Progress
  • Compilation of our list of products that will be available in our store: Completed
  • Establishing business relationship with vendors – manufacturers and suppliers of home and office furniture: In Progress

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Furniture, Fixtures, and Equipment (FF&E)

furniture and fixtures in business plan

What Is Furniture, Fixtures, and Equipment (FF&E)?

Furniture, fixtures, and equipment (abbreviated as FF&E or FFE) refers to movable furniture, fixtures, or other equipment that have no permanent connection to the structure of a building. These items, which include desks, chairs, computers, electronic equipment, tables, bookcases, and partitions, typically depreciate substantially over their long-term use but are nevertheless important costs to consider when valuing a company, especially during liquidation events .

These items are sometimes referred to as furniture, fixtures, and accessories (FF&A).

Key Takeaways

  • Furniture, fixtures, and equipment (FF&E) are items that are not permanently affixed to a building and are consequently easily removable from their respective locations.
  • For accounting purposes, each FF&E item has a different useful life, according to IRS guidelines.
  • Companies account for wear and tear of FF&E items by depreciating their values over their useful lives.

Investopedia / Eliana Rodgers

Furniture, Fixtures, and Equipment Explained

An asset is classified as FF&E if it's used by a business for normal daily operations. For example, an office receptionist relies on their desk, chair, telephone, computer, desk organizer, and pen holder to conduct routine activities throughout the normal course of doing business.

Accountants categorize FF&E as tangible assets , under separate line items on financial statements and other budgeting documents. The FF&E balance is then added into a project's total costs to determine if an initiative comes in over or under budget.

Real-World Example of FF&E Accounting Treatment

Accountants spread the acquisition costs of FF&E items over time by steadily depreciating their values over their lives. But to accomplish this, accountants must first correctly determine the useful life of each item, based on IRS guidelines.

Although FF&E items typically have useful lives of one year or more , they may vary substantially, from one item to the next. For example, while a desktop computer may be deemed technologically outdated after three years, according to the IRS, it has a useful life of five years. On the contrary, the IRS assigns office furniture a useful life of seven years.

Security equipment, such as X-ray scanners, may be considered FF&E, because these items may be removed from a building's premises and placed elsewhere.

Real-World Example of FF&E Depreciation

Let's assume a new car is worth $10,000, and it has a useful life of five years, according to the IRS. Let's further assume that the vehicle's maximum salvage value is 20%. When a company first buys the car, it records the monthly depreciation charge as follows:

The depreciation charge is $133.33 at the end of the first month. The net book value of the car is calculated as the difference between the original book value and the amount of its accumulated depreciation over its useful life.

Board of Governors of the Federal Reserve System. " Financial Accounting Manual for Federal Reserve Banks, January 2022: Chapter 3. Property and Equipment ."

Internal Revenue Service. " Publication 946, How to Depreciate Property ," Page 28.

furniture and fixtures in business plan

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Kitchen & Bath Fixture Dealers in Elektrostal'

Location (1).

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  • Elektrostal', Moscow Oblast, Russia

Featured Reviews for Kitchen & Bath Fixture Dealers in Elektrostal'

What should you look for in kitchen and bathroom fixtures, before hiring someone to update your kitchen and bath fixtures, here are some questions to ask:, find kitchen & bathroom fixtures professionals near me on houzz, business services, connect with us.

IMAGES

  1. Furniture Retail Store Business Plan Template

    furniture and fixtures in business plan

  2. Business plan sample on furniture

    furniture and fixtures in business plan

  3. Furniture Fixtures and Equipment by Kate Droege at Coroflot.com

    furniture and fixtures in business plan

  4. Furniture design & manufacturing business plan

    furniture and fixtures in business plan

  5. Business plan sample on furniture

    furniture and fixtures in business plan

  6. Business plan sample on furniture

    furniture and fixtures in business plan

COMMENTS

  1. Furniture Store Business Plan Template [Updated 2024]

    A business plan provides a snapshot of your furniture store as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategy for reaching them. It also includes market research to support your plans. Why You Need a Business Plan

  2. Furniture Manufacturer Business Plan Example

    1.1 Objectives The company objectives are: To be a top cabinet supplier to luxury homes in the regional market. Revenues to more than double Year1 levels by the end of Year2. Aim to have 70% of sales in high-end residential customer segment. 20% of sales in mid-range residential customer segment. 10% of sales in commercial development segment.

  3. Furniture Business Plan Template [Update 2024]

    Get A Free Consultation! *. *. Fill the Form. [email protected]+1-619-7275304. If you are wondering about starting a furniture business. Then our experts are ready to help you with writing a furniture business plan. Download sampple in pdf.

  4. How to Start a Furniture Business

    Written by Dave Lavinsky Starting a furniture business can be very profitable. With proper planning, execution and hard work, you can enjoy great success. Below you will learn the keys to launching a successful furniture business. Importantly, a critical step in starting a furniture business is to complete your business plan.

  5. How to write a business plan for a furniture store?

    Why write a business plan for a furniture store? Information needed to create a business plan for a furniture store What goes into your furniture store's financial forecast? The written part of a furniture store business plan What tool should I use to write my furniture store business plan? The profit and loss statement The balance sheet lists

  6. Furniture Store Business Plan Template + Example

    Sample Business Plan For a Furniture Store Click each link below to see an example of how to write each essential component of a business plan for your furniture store: 1. Executive Summary 2. Company Overview 3. Industry Analysis 4. Customer Analysis 5. Competitive Analysis 6. Marketing Plan 7. Operations Plan 8. Management Team 9. Financial Plan

  7. How to write a business plan for a furniture manufacturer?

    How to write a business plan for a furniture manufacturer? Why write a business plan for a furniture manufacturer? What information is needed to create a business plan for a furniture manufacturer? What goes in the financial forecast for a furniture manufacturer? What goes in the written part of a furniture manufacturer business plan?

  8. Retail Furniture Manufacturer Business Plan Example

    Executive Summary Producing and selling furniture is a $12 billion industry. The focus of the industry is on the affluent customer who can spend upwards to $3,000 on furniture purchases. In Richmond, there are fifteen furniture stores that are competing for these customers with deep pockets.

  9. Furniture Manufacturing Business Plan Examples

    UK Furniture Manufacturer Business Plan. Fulham Furniture Manufacturer--UK is based in the United Kingdom and specializes in high-end computer-specific office furniture. Note: This plan created in Business Plan Pro UK Edition. Take your passion for elegant furniture design and turn it into a full-fledged furniture manufacturing business.

  10. Furniture Manufacturing Business Plan: Guide & Template (2024)

    Furniture Manufacturing Business Plan Outline This is the standard furniture manufacturing business plan outline which will cover all important sections that you should include in your business plan. Executive Summary Business Overview Mission Objectives Success Factors Financial Highlights 3 Year profit forecast Business Description Ownership

  11. What is Furniture, Fixtures, and Equipment (FF&E)?

    Furniture, Fixtures, and Equipment (FF&E) is the movable property companies use in business operations. FF&E can be office furniture, fixtures that won't damage a building structure when removed, and equipment such as computers needed to conduct day-to-day operations.

  12. Furniture Store Business Plan [Sample Template]

    1. Industry Overview Furniture is a major part of our lives cum facilities; there is hardly any facility that you will come across that you wouldn't find a piece of furniture in it. This goes to show that the furniture retail stores industry is indeed an important sector of the economy of any country.

  13. PDF Furniture Store Business Plan Example

    Get access to Upmetrics software, invite your team members and start writing your business plan. 1. Get tried and tested tips. Upmetrics business plan builder gives you everything you need to stay in sync and guides you on every step of your business plan writing. 3. Stunning business plan cover pages.

  14. Furniture, Fixtures, and Equipment

    Furniture, fixtures, and equipment (abbreviated as FF&E or FFE) refers to movable furniture, fixtures, or other equipment that have no permanent connection to the structure of a building.

  15. PDF Free Version of Growthinks Furniture Business Plan Template

    At manufacturer's prices the market is estimated at $30.7 billion. The report says that "over the last two decades household furniture purchases increased significantly from $29.3 billion to $78.5 billion, or 168%. In other words, sales increased at an average annual pace of approximately 5.5% over the period.".

  16. Office Furniture Manufacturer Business Plan Example

    1.1 Objectives Focus on the new channels to increase sales beyond the $1 million mark by Year 3. Maintain a gross margin close to 60%, despite the sales increase. Increase the net profit significantly by Year 3. 1.2 Mission

  17. Furniture and fixtures definition

    January 13, 2024 What are Furniture and Fixtures? Furniture and fixtures are larger items of movable equipment that are used to furnish an office. This is a commonly-used fixed asset classification that is categorized as a long-term asset on an organization's balance sheet.

  18. Furniture Store Business Plan Template [2024 Updated]

    Furniture Store Business Plan Template [2024 Updated] Sample Business Plans Retail, Consumers & E-commerce Furniture Store Business Plan Are you thinking of starting a furniture store We have prepared a solid furniture business plan sample that guides you on every stage of your business plan writing Download Template Create a Business Plan

  19. INSTROI-OFIS, OOO Company Profile

    Industry: Household and Institutional Furniture and Kitchen Cabinet Manufacturing , Medical Equipment and Supplies Manufacturing , Other Support Activities for Transportation , Furniture and Home Furnishing Merchant Wholesalers , Public building and related furniture See All Industries, Kitchen and dining room furniture, Furniture and fixtures ...

  20. Local Furniture Stores in Elektrostal'

    Reach out to the pro (s) you want, then share your vision to get the ball rolling. Request and compare quotes, then hire the Furniture & Accessories professional that perfectly fits your project and budget limits. Search 3,015 Elektrostal' local furniture stores to find the best furniture and accessory company for your project.

  21. Free Furniture Manufacturer Business Plan Template + Example

    Furniture Manufacturer Business Plan Ready to start your own furniture manufacturer business? Set yourself up for success by creating a solid business plan. Download this business plan template, with pre-filled examples, to inspire your own plan. Download a free furniture manufacturer business plan template in PDF or Word doc format

  22. Find Household and Institutional Furniture and Kitchen Cabinet

    Dun & Bradstreet gathers Household and Institutional Furniture and Kitchen Cabinet Manufacturing business information from trusted sources to help you understand company performance, growth potential, and competitive pressures. View 49 Household and Institutional Furniture and Kitchen Cabinet Manufacturing company profiles below.

  23. Kitchen & Bath Fixture Dealers in Elektrostal'

    Search 148 Elektrostal' kitchen & bath fixture dealers to find the best kitchen and bath fixture professional for your project. See the top reviewed local kitchen & bathroom fixtures professionals in Elektrostal', Moscow Oblast, Russia on Houzz.