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Megan's Bridal Boutique will be a full-service bridal salon and dress shop catering to the Wisconsin customer who is searching for reasonable quality products at affordable prices.The inventory will consist of wedding gowns, bridesmaid dresses, headpieces, crinolines, jewelry, shoes, party dresses, more casual dresses, and tuxedo rentals.Position of Marketplace: The items in the bridal line will consist of basic styles in the low to mid-price range appealing to the Wisconsin client.
I'm currently negotiating a lease on a very nice property of 1725 square feet.
The rent on the space is only $435 per month plus approximately $250 per month for utilities.
This is a good price, compared to other less desirable locations I've looked into.
I plan to invest $5,000 in building renovations to meet the special needs of a bridal salon.
A catalog of other styles will complete the offering.
Megan's Bridal Boutique will also carry full-length crinolines of all sizes, for purchase only (20 pieces at each wholesale for a start-up cost of 0).The detailed analysis of both the strengths and weaknesses of rival businesses effectively illustrates the need for a high quality and reasonably priced bridal salon in the region.It is also apparent that this entrepreneur is aware of fashion trends and receptive to customers' needs.Based on the surrounding area of eastern Wisconsin, Megan's Bridal Boutique will draw from, one can count on 1,888 weddings per year.Each of these couples will spend, on the average, 2.00 for a wedding dress, 7.00 on a headpiece, and .00 for shoes.This article was co-authored by our trained team of editors and researchers who validated it for accuracy and comprehensiveness.Together, they cited information from 14 references.wiki How's Content Management Team carefully monitors the work from our editorial staff to ensure that each article meets our high How marks an article as reader-approved once it receives enough positive feedback.This article has over 103,151 views and 100% of readers who voted found it helpful, earning it our reader-approved status. If you love weddings and have a sense of style, opening a bridal salon can be a rewarding and lucrative endeavor.The renovations will be free-standing and can be taken with me to another location if need be.Megan's Bridal Boutique will open in mid to late October.