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Lifestyle Sports

Lifestyle Sports

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Lifestyle Sports. Nature of the Business. Type of Business. Start-up hybrid retail/service business Sporting goods store Largest indoor sports complex in several townships Sole Proprietorship Total control Can handle the liability Take compete control of profit. Objective. - PowerPoint PPT Presentation

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Page 1: Lifestyle Sports

Lifestyle Sports

Page 2: Lifestyle Sports

Nature of the Business

Page 3: Lifestyle Sports

Type of Business• Start-up hybrid retail/service

business• Sporting goods store• Largest indoor sports

complex in several townships• Sole Proprietorship– Total control– Can handle the liability– Take compete control of profit

Page 4: Lifestyle Sports

Objective

• Providing quality in-depth soccer, basketball, and field hockey products at a quality price

• Providing a close indoor venue to play those sports

Page 5: Lifestyle Sports

Products/Services

• Service- Location to play Indoor Sports

• Products- Wide variety of soccer, basketball, etc. sports equipment

Page 6: Lifestyle Sports

Location

• Along Route 8 or just off of Route 8

• Near many residential areas- Customer Base

• Near a highly traveled road- Easy Access from farther areas

Page 7: Lifestyle Sports

Times of Operation (Sports Complex)• Seven days a week• Monday-Friday, open 4pm – 9pm • Play after school, but not be able to play as

late• Saturday and Sunday, open 8am – 10pm• Open 53 hours per week • People can come earlier and leave later

Page 8: Lifestyle Sports

Times of Operation (Sports Store)

• Seven days a week• Monday-Friday, open 10pm – 9pm• Saturday and Sunday, open 10am – 10pm• Open 79 hours per week• More people buy products during game hours• Still get customers who don’t play here

Page 9: Lifestyle Sports

Floor Plan

Page 10: Lifestyle Sports

Dimensions• 9396 square feet• 108 ft by 87 ft• Facility will be built, not rented

Page 11: Lifestyle Sports

Organization

Page 12: Lifestyle Sports

Background of Entrepreneur

• Graduate of College• Knowledge of all business

Microsoft programs (Excel, PowerPoint, Word)

• Prior Leadership Positions• Frugal with Money

Page 13: Lifestyle Sports

Employees

• Four types of Employees– Manager (1)– Referee (10 on call, brought in based on games)– Sales Professional (7, averaging 25 hours per week

each)– Landscape Specialist (6, two working at the

beginning and end of each day)

Page 14: Lifestyle Sports

Job Specification Form

Page 15: Lifestyle Sports

Competition

Retail• Wal-Mart• Dick’s• Dunham’s• Soccer SourceService• PISA

Page 16: Lifestyle Sports

Why We Beat Them• Service/Retail Combo Advantage– Lower retail prices than Dick’s– More varied than Soccer Source– More extended in certain sports than Dunham’s or

Wal-Mart– Location of Sports Complex much closer than PISA

Page 17: Lifestyle Sports

Marketing

• Competitive Pricing (Lower than Dicks)

Page 18: Lifestyle Sports

You Can Play These…

…Where You Buy These

Lifestyle Sports

Page 19: Lifestyle Sports

Buy your Cake, and eat it too. All at…

Lifestyle Sports

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The Loan

• I need a loan of $850,000• $12,000 of my own money• Over 15 years• At 4% interest• Paying a monthly payment of $5,749.34