Are you about starting an antique store? If YES, here is a complete sample antique mall store business plan template & feasibility report you can use for FREE.
Okay, so we have considered all the requirements for starting an antique store. We also took it further by analyzing and drafting a sample antique store marketing plan template backed up by actionable guerrilla marketing ideas for antique stores. So let’s proceed to the business planning section.
Table of Content
- Why Start an Antique Store?
- 1. Industry Overview
- 2. Executive Summary
- 3. Our Products and Services
- 4. Our Mission and Vision Statement
- 5. Job Roles and Responsibilities
- 6. SWOT Analysis
- 7. MARKET ANALYSIS
- 8. Our Target Market
- 9. SALES AND MARKETING STRATEGY
- 10. Sales Forecast
- 11. Publicity and Advertising Strategy
- 12. Our Pricing Strategy
- 13. Startup Expenditure (Budget)
- 14. Sustainability and Expansion Strategy
Why Start an Antique Store?
The market for antiques and collectibles such as coins, jewelry, books, figurines and memorabilia etc. has continued to soar from generation to generation. This is because we still have people who appreciate antiques and collectibles.
It is important to point out that antiques business is one business that cannot go out of fashion because people would always appreciate ancient stuffs. Depending on the scale you want to start, the startup capital for this type of business can be considered to range from moderate to high. As a matter of fact, it is advisable to run an antique mortar and brick store alongside an online store if indeed you want to maximize profits in this business.
If you are sure that this type of business is what you truly want to do after you must have conducted your market research and feasibility studies, then the next step to follow is to write a good business plan that would include how you intend raising your seed capital, setting up the business, sourcing for antiques and collectibles, managing the flow of the business, sorting out tax and marketing your services amongst others.
The truth is that it is one thing to have a fantastic idea cum business plan, it is entirely another thing for the business plan to translate to profits, which is why it is important to assemble a team of experts to work with if you want to be successful with your antique business; you can hardly run this type of business alone especially if you want to operate a standard and world – class antiques and collectible store as against running a one-man show.
Below is a sample antique store business plan template that will help you successfully write yours within record time.
A Sample Antique Mall Store Business Plan Template
1. Industry Overview
Players in the antiques industry retail or auction antiques and collectibles like coins, jewelry, books, figurines and memorabilia. Online sales and auctions of original art pieces are not included in this industry, but auction houses that bring buyers and sellers together and collect a commission are part of this industry.
In the united states and in most countries of the world, the Antiques and Collectibles industry has continued to grow due to the growing love for ancient stuffs. Antiques and collectibles are timeless yet discretionary items, making this industry highly sensitive to changes in disposable income.
Going forward, the industry will attract a larger customer market as more households buy industry products electronically and consumers have more income to spend on luxuries. Positive income and consumer spending growth will drive demand for discretionary products. Rising consumer confidence will particularly benefit the industry’s long-term growth because it makes consumers more willing to splurge on discretionary antiques and collectibles.
The Antiques and Collectibles Sales industry is a thriving sector of the economy of the United States and the industry generates over $1 billion annually from more than 1,626 antiques and collectibles stores scattered all around the United States of America.
The industry is responsible for the employment of over 3,801 people. Experts project the industry to grow at a 3.5 percent annual rate. Heritage Auctions Inc. and eBay are the market leader in this industry, the have the lion market shares in the industry.
A recent report published by IBISWorld shows that the Online Antiques and Collectibles Sales industry has experienced strong revenue growth over the past five years. The report reveals that accelerated growth of the economy and the growing e-commerce market has driven demand for industry operators, bringing in greater sales of antique furniture, jewelry and novelty items for the industry.
Revenue growth is anticipated to continue through 2016 with a 2.4 percent increase over the year. Higher per capita income and improved consumer sentiment have encouraged individuals to spend more money on rare items with higher price tags. As a result of positive economic growth and consumer confidence, IBISWorld expects industry revenue to increase at an average annual rate of 3.5 percent to $1.1 billion over the five years to 2016.
In a nutshell, the antiques and collectibles industry is a profitable industry and it is open for any aspiring entrepreneur to come in and establish his or her business. As a matter of fact, with the right location and network, you will just be fine with this business.
2. Executive Summary
Little Rock Community® Antique Store, Incorporated is a registered antiques and collectibles store that will be located in one of the busiest roads in Little Rock – Arkansas. We have been able to lease a facility along a major road that is big enough to fit into the kind of antiques and collectibles store that we intend launching and the facility is located in a corner piece in the midst of a commercial center in Little Rock – Arkansas.
Little Rock Community® Antique Store, Incorporated will be involved in auctioning antiques and collectibles such as coins, jewelry, books, figurines and memorabilia. We will retail antiques (items over 100 years old) and collectibles (items less than 100 years old) and other related merchandize. We will also partner with leading antique collectors in and around the United States of America.
We are aware that there are several large and small antique stores all around Little Rock – Arkansas and online, which is why we spent time and resources to conduct our feasibility studies and market survey so as to offer much more than our competitors will be offering and our outlet is well secured with the various payment of options.
Much more than retailing and auctioning off various types of antiques and collectibles, our customer care will be second to none in the whole of Little Rock – Arkansas. We know that our customers are the reason why we are in business which is why we will go the extra mile to get them satisfied when they visit our store.
Little Rock Community® Antique Store will ensure that all our customers are given first class treatment whenever they visit our store. We have a CRM software that will enable us manage a one on one relationship with our customers no matter how large the number of our customers’ base may grow to. We will ensure that we get our customers involved when making some business decisions that directly affect them.
We are aware of the trend in the antiques and collectible industry and we are not only going to operate a system where our customers would have to come to our store to make purchase or whatever they want, but we will also operate an online antique and collectibles store.
Little Rock Community® Antique Store, Incorporated, is a family business that is owned by Harrison Murdock and his immediate family members. Harrison Murdock is an antique enthusiast par excellence. He has a B.A. in Sociology and Anthropology, with over 15 years’ experience in the antiques and collectibles industry. Although the business is launching out with just one outlet in Little Rock – Arkansas, but there is a plan to open other outlets in other key cities in the United States of America.
3. Our Products and Services
Little Rock Community® Antique Store is in the industry to make profits and we will ensure we go all the way to make available a wide range of antiques and collectibles from different sources and countries. We will ensure that we do all that is permitted by the law of the United States to achieve our aim and ambition of starting this business.
Our product and service offerings are listed below;
- Antiques retailing
- Collectibles retailing
- Listing antiques and collectibles online for third parties
- Other related antiques, artifacts and merchandise
4. Our Mission and Vision Statement
- Our vision is to become the leading antiques and collectibles store in Arkansas by running a one stop shop.
- Our mission is to establish a standard and government approved antiques and collectible store that will make available a wide range of antiques and collectibles such as coins, jewelry, books, figurines and memorabilia at affordable prices to residents of Arkansas and other cities within and outside the United States of America.
Our Business Structure
Little Rock Community® Antique Store does not intend to start a small business; our intention of going into the antique line of business is to build a standard one-stop shop. Although our antiques and collectibles store might not be as big as multi-billion dollar institutions such as Heritage Auctions Inc. and eBay, but will ensure that we put the right structures in place that will support the kind of growth that we have in mind while setting up the business.
We will make sure 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 stakeholders. 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 Amin Manager
- Merchandize Manager
- Sales and Marketing Manager
- Information Technologist
- 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
- Answerable for signing checks and documents on behalf of the company
- Evaluates the success of the organization
Admin and HR Manager
- In charge of 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.
- Enhances department and organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments.
- Defining job positions for recruitment and managing interviewing process.
- Carrying out induction for new team members.
- Responsible for training, evaluation and assessment of employees.
- Responsible for arranging travel, meetings and appointments.
- Oversee the smooth running of the daily office activities.
- Responsible for managing the daily activities in the antiques and collectibles store
- Ensures that proper records of antiques and collectibles are kept and our racks and warehouse does not run out of products
- Ensures that the facility is in tip top shape and antiques and collectibles are properly arranged and easy to locate
- Supervises the workforce
- Manages vendor relations, market visits, and the ongoing education and development of the organizations’ buying teams.
- Helps to ensure consistent quality of antiques and collectibles in our store.
- Responsible for the purchase of antiques and collectibles.
- Responsible for planning sales, monitoring inventory, selecting the merchandise, and writing pricing orders for vendors.
- Ensures that the organization operates within stipulated budget.
Sales and Marketing Manager
- Sources for avenues for us to auction our antiques and collectibles and generate sales
- Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
- Identifies, prioritizes, and reaches 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.
- Grows, implements and assesses new plans for expanding sales.
- Documents all customer contact and information
- Represents the company in strategic meetings
- Help increase sales and growth for the company
- Manages the organization’s website
- Handles the Ecommerce aspect of the business
- Responsible for installing and maintenance of computer software and hardware for the organization.
- Handles 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.
- 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 (answer customer queries regarding the store and the merchandise)
- Find out the customer’s needs, recommend, select and help locate the right merchandise, describe a product’s features and benefits.
- make suggestions and encourage purchase of products
- Provide information about warranties, manufacturing specifications, care and maintenance of merchandise and delivery options
- Bag or package purchases and gift wrap merchandise
- Responsible for cleaning the facility at all times.
- Responsible for cleaning all the antiques and collectibles in the store.
- Ensures that toiletries and supplies don’t run out of stock.
- Handles any other duty as assigned by the store manager.
6. SWOT Analysis
Our intention of starting just one outlet of our antiques store in Little Rock – Arkansas is to test run the business for a period of 4 to 5 years to know if we will invest more money, expand the business and then open other outlets in key regions within the United States of America.
We are quite aware that there are several antiques and collectibles stores all over Arkansas 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 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 equipped to confront our threats.
Little Rock Community® Antique Store, Inc. employed the services of an expert HR and Business Analyst with bias in new business 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 Little Rock Community® Antique Store, Inc.;
Our location, the business model we will be operating on, varieties of payment options, wide range of antiques and collectibles and related products and our excellent customer service culture will definitely count as a strong strength for Little Rock Community® Antique Store, Inc.
A major weakness that may count against us is the fact that we are a new antique store and we don’t have the financial capacity to compete with multi-billion dollar antiques and collectibles stores who are already determining the market direction in the United States.
With antiques and collectibles dealers reducing price of products, and with inventory and advertising to remain stable will encourage spending on antiques and collectibles. The fact that we are going to be operating our antiques and collectibles store in one of the busiest commercial districts in Little Rock – Arkansas provides us with unlimited opportunities to sell our antiques, collectibles and related products to a large number of people.
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 antiques and collectibles store.
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 antiques and collectibles store in same location where ours is located.
7. MARKET ANALYSIS
- Market Trends
If you keep tabs with happenings in the antiques and collectibles stores industry, you will notice that they are now looking towards increasing consumer income and access to broadband internet is boosting industry sales. Operators have had to invest heavily in advertising and compete on price to stand out, and also improving productivity and efficiency have driven profit, a trend set to continue.
As a matter of fact, the antiques and collectibles stores industry have continued to reposition themselves as social institutions, widening their appeal to new audiences and helping them secure government grants. Successful antiques and collectibles store operators have made use of existing and emerging digital media to offer online virtual museums.
In this era when the online community is growing rapidly, you would do your business a whole lot of favor if you create your own online presence. One of the easiest ways to get people to see you as an expert in your line of business is to blog constantly about antiques and collectibles.
You may also want to leverage on social media platforms like Instagram, Facebook, and Twitter, and others to publicize your antiques and collectibles. You can as well go ahead to open an online antiques and collectibles store. You must ensure that your delivery system (shipping) is efficient if you intend to do well with your online store.
8. Our Target Market
There are loads of people who love having antiques and collectibles in their houses or offices. This goes to show that if an antique and collectible store is well positioned, they will continue to sell their products to a wide range of clients on a regular basis.
In view of that, we have positioned our store to service residents of Little Rock – Arkansas and the entire United States via our online store. We have conducted our market research and we have ideas of what our target market would be expecting from us.
We are in business to retail a wide range of antiques, collectibles and related merchandize to the following groups of people;
- Interior Decorators
- Home Remodelers
- Event Planners
- Churches and other religious centers
- Funeral Homes
- Bachelors and Spinsters
- Corporate Executives
- Pawn shops (buying antiques and collectibles from them)
Looking at our business model, we can boast of the fact that our pricing policy is appropriate, we have a diverse range of customers and of course, our ability to quickly adopt new technology is part of our competitive advantage.
We are not ignoring the fact that Little Rock Community® Antique Store, Inc. is launching a standard antiques store that will indeed become the preferred choice in the city. Our antiques and collectible store is located in a corner piece property on a busy road directly opposite one of the largest commercial hubs and art village in Little Rock – Arkansas.
One thing is certain, we will ensure that we have a wide range of antiques and collectibles and related products available in our store at all times. It will be difficult for customers to visit our store and not make a purchase of antiques, collectibles or other related products. 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 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
Little Rock Community® Antique Store, Inc. is in business to retail and auction out a wide range of antiques, collectibles and related products to residents of Little Rock – Arkansas and other cities in the United States via our online store. We are in the industry to maximize profits and we are going to go all the way to ensure that we achieve or business goals and objectives.
In essence, our source of income will be the retailing and auctioning of a wide range of antiques, collectibles and other related products at affordable prices. We will generate income by;
- Antiques retailing
- Collectibles retailing
- Listing antiques and collectibles online for third parties
- Other related antiques, artifacts and merchandize
10. Sales Forecast
One thing is certain when it comes to antiques business, if your store is well stocked and centrally positioned, you will always attract customers and that will sure translate to increase in revenue generation for the business.
We are well positioned to take on the available market in Little Rock – Arkansas and we are quite optimistic that we will meet our set target of generating enough income from the first six months of operation and grow the business and our clientele base.
We have been able to critically examine the antiques and collectible store industry, 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 Little Rock – Arkansas.
- First Fiscal Year: $250,000
- Second Fiscal Year: $750,000
- Third Fiscal Year: $1.5 Million
N.B: This projection was 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 offering same 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 Little Rock Community® Antique Store, Inc., we conducted a thorough market survey and feasibility studies in order for us to penetrate the available market.
We hired experts who have good understanding of the antiques 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 Little Rock – Arkansas.
In summary, Little Rock Community® Antique Store, Inc. will adopt the following sales and marketing approach to win customers over;
- Open our antiques and collectibles store in a grand style with a party for all.
- Introduce our antiques and collectibles store by sending introductory letters alongside our brochure to organizations, religious centers, interior decorators, home remodelers, households and key stakeholders in and around Little Rock – Arkansas.
- Ensure that we have a wide range of antiques and collectibles (coins, jewelry, books, figurines, memorabilia and other merchandize) in our store at all times.
- Make use of attractive hand bills to create awareness and also to give direction to our antiques and collectibles store
- Position our signage/flexi banners at strategic places around Little Rock
- Position our greeters to welcome and direct potential customers
- Create a loyalty plan that will enable us reward our regular customers
- Engage in roadshows within our neighborhood to create awareness for our antiques and collectible store.
11. Publicity and Advertising Strategy
Despite the fact that our antiques and collectibles 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 Little Rock Community® Antique Store, Inc.
Little Rock Community® Antique Store, Inc. has a long – term plan of opening outlets in various locations all around the United States which is why we will deliberately build our brand to be well accepted in Little Rock 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 Little Rock Community® Antique Store, Inc.;
- Place adverts on community based newspapers, radio 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, Google+ and other platforms to promote our business.
- Ensure that our we position our banners and billboards in strategic positions all around Little Rock – Arkansas
- Distribute our fliers and handbills in target areas in and around our neighborhood
- Advertise Little Rock Community® Antique Store, Inc. in our official website and employ strategies that will help us pull traffic to the site.
- Brand all our official cars and vans and ensure that all our staff members and management staff wear our branded shirt or cap at regular intervals.
12. Our Pricing Strategy
Pricing, uniqueness and quality are some of the key factors that gives leverage to an antiques and collectibles store, it is normal for antiques and collectibles lovers to go to places where they can get the products at very reasonable prices.
We know we don’t have the capacity to compete with bigger stores, but we will ensure that the prices of all the products that are available in our antiques and collectibles stores are competitive with what is obtainable amongst antiques and collectibles stores within our level.
- Payment Options
The payment policy adopted by Little Rock Community® Antique Store, Inc. is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.
Here are the payment options that Little Rock Community® Antique Store, Inc. will make available to her clients;
- Payment via bank transfer
- Payment with cash
- Payment via credit cards/Point of Sale Machines
- Payment via online bank transfer
- Payment via check
- Payment via mobile money transfer
- Payment via bank draft
In view of the above, we have chosen banking platforms that will enable our clients make payment for products purchased without any stress on their part. Our bank account numbers will be made available on our website and promotional materials to clients who may want to purchase our products.
13. Startup Expenditure (Budget)
From our market survey and feasibility studies, we have been able to come up with a detailed budget and here are the key areas where we will spend our startup capital;
- The total fee for registering the business in the United States of America – $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 Little Rock Community® Antique Store, Inc. in the amount of Antique $4,000 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of $3,580.
- The cost for hiring business consultant – $2,500.
- Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – $2,400.
- The cost for payment of rent for 12 months at $1.76 per square feet in the total amount of $105,600.
- The cost for facility 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 antiques, collectibles, and other related merchandize) – $250,000.
- The cost for store equipment (cash register, security, ventilation, signage) – $13,750
- The cost of purchase and installation of CCTVs – $5,000.
- The cost for the purchase of 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 – $5,000.
- Miscellaneous – $5,000.
We would need an estimate of $450,000 to successfully set up a standard antiques and collectibles store in Little Rock – Arkansas.
Generating Startup Capital for Little Rock Community® Antique Store, Inc.
Little Rock Community® Antique Store, Inc. is a private business that is solely owned and financed by Harrison Murdock and his immediate family members. They do not intend to welcome any external business partners which is why he has decided to restrict the sourcing of the startup capital to 3 major sources.
These are the areas we intend generating our startup capital;
- Generate part of the startup capital from personal savings
- Source for soft loans from family members and friends
- Apply for loan from the bank
N.B: We have been able to generate about $150,000 (Personal savings $100,000 and soft loan from family members $50,000) and we are at the final stages of obtaining a loan facility of $300,000 from our bank. All the papers and documents 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
It is an established fact that the future of a business lies in the number of loyal customers that they have, the capacity and competence of their employees, their investment strategy and the business structure. If all of these factors are missing from a business, then it won’t be too long before the business closes shop.
One of our most important goals of starting Little Rock Community® Antique Store, Inc. is to build a business that will survive off its own cash flow without the need for 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 antiques, collectibles and other related merchandize 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.
Little Rock Community® Antique Store, Inc. will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining 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 three 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.
- 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 antiques and collectibles store: 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 Promotional Materials: In Progress
- Recruitment of employees: In Progress
- Purchase of 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 planning: In Progress
- Compilation of the list of products that will be available in our shop: Completed
- Establishing business relationship with artists and vendors – suppliers of antiques, collectibles and related merchandize: In Progress
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