If you’re looking to create a supplement store business plan, you’ve come to the right place!
Over the past 25 years, the PlanPros team has helped over 1 million entrepreneurs and business owners write business plans….and many of them have started and grown successful supplement store businesses. Our supplement store business plan example below is sure to help you!
Supplement Store Business Plan Example
Below is our supplement store business plan template and sample plan created using our free ai business plan generator:
I. Executive Summary
Company Overview
NutriElite Haven is a premier supplement store located in Concord, NH, dedicated to enhancing the health and wellness journey of our community. Since our recent opening, we have committed ourselves to deliver an unparalleled shopping experience with a diverse range of high-quality supplements. Our offerings are meticulously selected to support a wide array of health and fitness goals—from muscle recovery and growth, essential vitamins and minerals, to pre-workout boosts and natural health solutions like herbal supplements and omega-3 fatty acids. Our strategic location in the heart of Concord ensures that access to premium supplements is convenient for our customers, aligning with our mission to support their wellness journey comprehensively.
Success Factors
Our trajectory towards success is anchored in the extensive experience of our founder and a broad product spectrum that surpasses our competitors, making us a one-stop destination for nutritional supplements in Concord, NH. Since our inception on January 7, 2024, NutriElite Haven has achieved notable milestones including incorporation as an S Corporation, establishment of a distinctive brand identity, and securing a prime retail location. These accomplishments, coupled with our commitment to quality and customer service, fortify our confidence in making a significant impact within the community.
Industry Analysis
The Supplement Store industry in the United States, valued at approximately $46 billion and projected to grow annually by 6% through 2025, is buoyed by an increasing emphasis on health, wellness, and preventative healthcare. NutriElite Haven is perfectly positioned to capitalize on these trends, particularly the surge in demand for natural and organic products, as well as customized nutrition solutions. Our commitment to offering high-quality, natural supplements aligns with consumer preferences, placing us at the forefront of the industry in Concord, NH.
Customer Analysis
Our primary clientele comprises health-conscious individuals from Concord, NH, including fitness enthusiasts, athletes, and those with specific dietary needs. Our extensive product range and personalized recommendations aim to build strong relationships with customers across various demographics. Additionally, we cater to the growing demographic of older adults seeking supplements for health and vitality, ensuring our offerings meet the diverse needs of our community with scientifically-backed products and knowledgeable advice.
Competitive Analysis
NutriElite Haven’s main competitors include Natural Wellness Corner, Your CBD Store – Concord NH, and GNC, each offering a range of health and wellness products. Despite the strengths of these competitors, such as brand recognition and product diversity, NutriElite Haven distinguishes itself with a comprehensive supplement selection, expert advice, and a commitment to quality and customer satisfaction. Our strategic location and customer-centric approach position us as a leader in the competitive supplement market in Concord, NH.
Marketing Plan
At NutriElite Haven, our marketing plan focuses on a comprehensive product range with competitive pricing and an aggressive promotion strategy. Our diverse offerings cater to every aspect of health and wellness, with prices that balance quality and affordability. Our promotional efforts leverage online marketing, social media engagement, SEO, and PPC advertising, complemented by in-store events and collaborations with local wellness influencers to foster a community-centric brand. Our multifaceted approach aims to establish a strong brand presence and drive customer loyalty through personalized experiences and value-driven engagements.
Operations Plan
Our operations focus on efficient inventory management, exceptional customer service, and accurate sales transactions. Daily operational tasks include stock level monitoring, customer assistance, and financial reconciliations. We are committed to staff training, ensuring a knowledgeable team capable of providing high-level service. Additionally, our marketing strategies aim to enhance visibility and attract customers. Key milestones include securing a prime location, obtaining necessary permits, achieving initial revenue targets, and establishing strong vendor relationships, setting the stage for our success.
Management Team
Under the leadership of Silas Watson, our President with a proven track record in the supplement industry, NutriElite Haven’s management team is well-equipped to achieve our business goals. His experience and strategic vision are instrumental in driving our operations, marketing, and customer service strategies towards establishing NutriElite Haven as a market leader in health and wellness supplements in Concord, NH.
Financial Plan
To achieve our growth objectives, NutriElite Haven requires $196,000 in funding. This capital will be allocated towards location buildout, equipment, initial inventory, and marketing efforts, among other startup costs. This investment will support our operational infrastructure, marketing initiatives, and inventory acquisition, laying the foundation for our success and profitability in the competitive supplement market.
Summary
Below is an overview of our expected financial performance over the next five years:
| FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | |
|---|---|---|---|---|---|
| Revenues | $2,164,147 | $2,343,404 | $2,537,508 | $2,747,690 | $2,975,282 |
| Direct Expenses | $855,881 | $899,484 | $945,309 | $993,468 | $1,044,081 |
| Gross Profit | $1,308,265 | $1,443,919 | $1,592,199 | $1,754,222 | $1,931,201 |
| Gross Profit (%) | 60.5% | 61.6% | 62.7% | 63.8% | 64.9% |
| Other Expenses | $97,085 | $100,030 | $103,065 | $106,192 | $109,414 |
| EBITDA | $1,211,180 | $1,343,888 | $1,489,133 | $1,648,029 | $1,821,787 |
| Depreciation | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 |
| Amortization | $0 | $0 | $0 | $0 | $0 |
| Interest Expense | $19,600 | $19,600 | $19,600 | $19,600 | $19,600 |
| Income Tax Expense | $410,753 | $457,200 | $508,036 | $563,650 | $624,465 |
| Net Income | $762,827 | $849,087 | $943,496 | $1,046,779 | $1,159,721 |
II. Company Overview
NutriElite Haven is a new Supplement Store that has recently opened its doors to the community in Concord, NH. As a local supplement store, we pride ourselves on offering a unique shopping experience that was previously unavailable in the area. Our mission is to provide high-quality supplements that cater to a wide range of health and fitness goals, ensuring that our customers can find precisely what they need to support their wellness journey.
At NutriElite Haven, our product line is carefully curated to meet the diverse needs of our customers. We offer an extensive selection of protein supplements, designed to aid in muscle recovery and growth for those leading an active lifestyle. Our shelves are also stocked with a variety of vitamins and minerals, essential for maintaining optimal health and filling nutritional gaps in your diet. For those looking to maximize their workout performance, we provide top-of-the-line pre-workout supplements. Additionally, our range includes herbal supplements for natural health solutions and omega-3 fatty acids, known for their numerous health benefits, especially in supporting heart and brain health.
Located in the heart of Concord, NH, NutriElite Haven is strategically positioned to serve our community with ease and convenience. Our location was chosen with our customers in mind, ensuring that access to premium supplements is never out of reach.
Our confidence in the success of NutriElite Haven is rooted in several key factors. Firstly, our founder brings invaluable experience from previously running a successful supplement store business. This experience has equipped us with the knowledge and expertise necessary to excel in this industry. Additionally, our broad product range caters to more health and fitness goals than our competitors, setting us apart as a comprehensive source for nutritional supplements in Concord, NH.
Since our foundation on January 7, 2024, NutriElite Haven has achieved several significant milestones. We are a proud S Corporation, a testament to our professional and structured approach to our business. Among our accomplishments, we’ve developed a distinctive logo and company name that resonate with our brand identity and values. Furthermore, we secured a prime location for our store, ensuring that we are accessible and visible to our target market. These achievements mark just the beginning of our journey, and we are excited about the impact we will make in our community.
III. Industry Analysis
The Supplement Store industry in the United States is currently valued at approximately $46 billion. This market size is expected to experience steady growth in the coming years, with a projected annual growth rate of 6% through 2025. The increasing focus on health and wellness, coupled with the growing trend of preventative healthcare, is driving the demand for supplements among consumers.
One of the key trends in the Supplement Store industry is the rising popularity of natural and organic products. Consumers are becoming more conscious of the ingredients in the supplements they consume, opting for products that are free from artificial additives and chemicals. This trend aligns well with NutriElite Haven’s commitment to offering a wide selection of high-quality, natural supplements to its customers in Concord, NH.
Another trend that bodes well for NutriElite Haven is the increasing demand for personalized nutrition solutions. As consumers become more health-conscious, they are seeking customized supplement regimens tailored to their specific needs and goals. NutriElite Haven can capitalize on this trend by offering personalized consultations and recommendations to help customers achieve their wellness objectives.
IV. Customer Analysis
Below is a description of our target customers and their core needs.
Target Customers
Our primary target customers are local residents of Concord, NH, who are health-conscious and interested in improving their overall wellness. We will target fitness enthusiasts who seek high-quality supplements to enhance their workouts and recovery processes. These individuals will appreciate our scientifically-backed products and expert advice. We will also target athletes, both amateur and professional, who require specialized nutritional support to maintain peak performance. Our product range will cater to various sports disciplines, ensuring that athletes can find the supplements that best suit their needs.
By offering personalized recommendations, we will build strong relationships with this customer segment. Additionally, we will focus on individuals with specific dietary needs, such as those following vegan, gluten-free, or ketogenic diets. Our store will offer a wide selection of supplements that align with these dietary preferences, ensuring that everyone has access to the nutrients they require. This inclusive approach will attract a diverse customer base. We will not overlook the growing demographic of older adults who are increasingly interested in maintaining their health and vitality. By providing supplements that support joint health, bone density, and overall well-being, we will cater to their unique needs. This customer segment will benefit from our knowledgeable staff and high-quality product offerings.
Customer Needs
NutriElite Haven provides high-quality supplement products to support the health, fitness, and nutrition needs of residents who desire optimal well-being. Customers can expect a diverse range of vitamins, minerals, and protein supplements specifically tailored to enhance their physical performance and overall health. With a focus on premium ingredients, NutriElite Haven ensures that each product meets stringent quality standards.
In addition to offering top-notch products, NutriElite Haven fulfills the need for personalized customer service. Knowledgeable staff are available to guide customers through their supplement choices, ensuring they find products that best match their individual health goals. This personalized approach helps customers feel confident and supported in their fitness and nutrition journeys.
NutriElite Haven also addresses the convenience factor by maintaining a well-organized, easily navigable store layout. Customers can quickly find the products they need, aided by clear signage and helpful staff. This efficiency saves time and enhances the overall shopping experience, making it more pleasant and less stressful.
Furthermore, NutriElite Haven offers educational resources to help customers make informed decisions. Through workshops, informational pamphlets, and online content, customers have access to the latest research and expert advice on supplements and nutrition. This empowers them to take proactive steps in managing their health and achieving their fitness objectives.
V. Competitive Analysis
Direct Competitors
NutriElite Haven’s competitors include the following companies:
Natural Wellness Corner
Natural Wellness Corner offers a wide range of health and wellness products. These include vitamins, minerals, herbal supplements, and natural beauty products. Prices range from budget-friendly options starting at $10 to premium products up to $100. The store generates an estimated annual revenue of $1 million. Located in Concord, NH, Natural Wellness Corner serves the local community. Key customer segments include health-conscious individuals and those seeking natural remedies. Strengths include a strong local reputation and a diverse product range. Weaknesses include limited online presence and higher price points compared to some competitors.
Your CBD Store – Concord NH
Your CBD Store specializes in CBD products including oils, edibles, topicals, and pet products. Their offerings also include skincare items infused with CBD. Products are priced between $30 and $150. The store’s annual revenue is estimated at $500,000. Located in Concord, NH, they cater to local customers and CBD enthusiasts. Primary customer segments are individuals seeking natural pain relief and wellness benefits. Strengths include specialization in CBD and a loyal customer base. Weaknesses are a narrow product range and potential legal and regulatory challenges.
GNC
GNC offers a comprehensive range of supplements including vitamins, protein powders, weight management products, and sports nutrition. They also stock health and beauty items. Prices vary across a wide spectrum, starting at $5 and going up to $200 for premium products. GNC’s annual revenue is substantial, estimated at $2.5 billion globally. With a location in Concord, NH, GNC serves both local and national customers. They attract fitness enthusiasts, athletes, and individuals focused on health and wellness. Strengths include a well-known brand, extensive product range, and multiple locations. Weaknesses involve higher prices and competition from more specialized stores.
Competitive Advantages
At NutriElite Haven, we pride ourselves on offering a comprehensive range of supplements tailored to a variety of health and fitness goals. Our extensive product line caters not only to muscle building and athletic performance but also to general wellness and nutritional support. This diverse selection ensures that our customers can find the right products to meet their unique needs, making us a one-stop shop for all their supplement requirements. Additionally, our knowledgeable staff is always on hand to provide expert advice, helping customers make informed decisions about their health and fitness journeys.
We also stand out due to our commitment to quality and customer satisfaction. All our products undergo rigorous testing to ensure they meet the highest standards of purity and efficacy. By focusing on top-notch quality, we build trust and loyalty among our customers. Moreover, our convenient location in Concord, NH, combined with a welcoming store environment, makes shopping with us a pleasant experience. Our customer-centric approach, coupled with our wide-ranging product offerings and dedication to quality, positions NutriElite Haven as a leader in the supplement market.
VI. Marketing Plan
Our marketing plan, included below, details our products/services, pricing and promotions plan.
Products, Services & Pricing
NutriElite Haven offers a comprehensive range of products designed to meet the diverse needs of its health-conscious customers. Protein supplements are among the key offerings, catering to fitness enthusiasts and athletes looking to enhance muscle growth and recovery. Customers can expect to pay an average of $40 for premium quality protein powders and shakes.
An array of vitamins and minerals is available to support overall health and well-being. These products are essential for customers seeking to fill nutritional gaps in their diet. The average price for a bottle of multivitamins or individual vitamins and minerals is around $25, making it an affordable option for daily health maintenance.
Pre-workout supplements are another important product category, designed to boost energy levels and improve workout performance. These supplements are popular among gym-goers who need that extra push during intense training sessions. The average selling price for pre-workout formulas is approximately $35, providing a cost-effective solution for enhanced exercise performance.
For those interested in natural and holistic health solutions, herbal supplements offer a variety of benefits including stress relief, improved sleep, and immune support. These supplements are derived from natural plant extracts and are priced at an average of $30 per bottle, appealing to customers who prefer organic and natural products.
Omega-3 fatty acids are also a staple offering, known for their cardiovascular and cognitive health benefits. These supplements are essential for customers looking to support heart health and brain function. The average price for high-quality omega-3 supplements is around $28, making it an accessible addition to a health-conscious lifestyle.
Promotions Plan
At NutriElite Haven, we employ a diverse array of promotional methods to attract and retain customers in Concord, NH. Our primary focus revolves around leveraging online marketing to create a robust digital presence. We utilize social media platforms such as Facebook, Instagram, and Twitter to engage with our audience, provide product updates, and share customer testimonials. Our content strategy includes regular posts, interactive stories, and live sessions to answer customer queries and showcase our product range.
Additionally, we enhance our online visibility through search engine optimization (SEO) and pay-per-click (PPC) advertising. By optimizing our website content with relevant keywords and running targeted ad campaigns, we ensure that potential customers easily find us when searching for supplements online. Email marketing also plays a crucial role in our promotional mix. We send out newsletters featuring new products, special offers, and health tips to keep our customers informed and engaged.
Beyond online marketing, we host in-store events and workshops to create a community-centric environment. These events include product demonstrations, fitness classes, and nutrition seminars, providing valuable insights while fostering customer loyalty. We also collaborate with local gyms, fitness trainers, and wellness influencers to amplify our reach and credibility within the community.
Our promotional tactics extend to offering loyalty programs and referral incentives. Customers earn points for every purchase, which can be redeemed for discounts or exclusive products. Additionally, we encourage satisfied customers to refer their friends and family, rewarding both parties with special offers.
Public relations efforts are another cornerstone of our strategy. We actively seek media coverage by sharing press releases about new product launches, store openings, and community initiatives. These efforts help build our brand reputation and attract media attention.
Lastly, we invest in local advertising through newspapers, radio stations, and community bulletin boards to reach a broader audience. By combining these traditional methods with our comprehensive online marketing strategy, we aim to establish NutriElite Haven as the go-to supplement store in Concord, NH.
VII. Operations Plan
Our Operations Plan details:
- The key day-to-day processes that our business performs to serve our customers
- The key business milestones that our company expects to accomplish as we grow
Key Operational Processes
To ensure the success of NutriElite Haven, there are several key day-to-day operational processes that we will perform:
- Inventory Management:
- Track stock levels and update inventory records daily.
- Order new stock promptly to avoid shortages and ensure a diverse product range.
- Organize and label products systematically for easy access and restocking.
- Customer Service:
- Greet customers warmly and assist them with product inquiries.
- Offer personalized recommendations based on individual customer needs and preferences.
- Handle returns and exchanges efficiently, ensuring customer satisfaction.
- Sales Transactions:
- Process sales transactions accurately using a point-of-sale (POS) system.
- Maintain accurate cash handling and daily financial reconciliations.
- Offer upselling and cross-selling opportunities to boost sales.
- Marketing and Promotions:
- Develop and implement daily promotional campaigns and discounts.
- Engage with customers on social media platforms to increase store visibility.
- Organize in-store events and product demonstrations to attract more customers.
- Staff Management:
- Schedule staff shifts and ensure adequate staffing levels throughout the day.
- Provide training and support to staff to maintain high customer service standards.
- Monitor staff performance and address any issues promptly.
- Compliance and Safety:
- Ensure all products meet regulatory standards and safety guidelines.
- Maintain a clean and organized store environment.
- Conduct regular safety checks and address any potential hazards immediately.
- Data Analysis and Reporting:
- Analyze daily sales data to identify trends and areas for improvement.
- Prepare daily reports on sales, inventory, and customer feedback.
- Use data insights to make informed decisions on product offerings and marketing strategies.
Milestones
NutriElite Haven expects to complete the following milestones in the coming months in order to ensure its success:
- Secure Location: Identify and lease a high-traffic retail space in Concord, NH that aligns with the target market.
- Obtain Permits and Licenses: Acquire all necessary business licenses, health permits, and zoning approvals to legally operate the supplement store.
- Store Setup and Inventory: Design the store layout, purchase initial inventory, and set up point-of-sale systems to ensure a seamless shopping experience for customers.
- Staff Recruitment and Training: Hire qualified staff and conduct comprehensive training programs to ensure they are knowledgeable about the products and provide excellent customer service.
- Marketing and Grand Opening: Develop and execute a marketing plan, including online and offline campaigns, to drive foot traffic to the grand opening event.
- Customer Feedback Loop: Implement a system to gather and analyze customer feedback to continuously improve products and services.
- Achieve Initial Revenue Target: Work towards reaching $15,000/month in revenue within the first 6 months of operation.
- Vendor and Supplier Relationships: Establish strong relationships with reliable vendors and suppliers to ensure the consistent availability of high-quality supplements.
- Implement Loyalty Program: Launch a customer loyalty program to encourage repeat business and increase customer retention.
- Financial Health Check: Conduct a comprehensive financial review at the 12-month mark to assess profitability, cash flow, and overall financial health, making adjustments as necessary.
VIII. Management Team
Our management team has the experience and expertise to successfully execute on our business plan.
Management Team Members
NutriElite Haven management team, which includes the following members, has the experience and expertise to successfully execute on our business plan:
Silas Watson, President
Silas Watson, President, has a robust history of success in the supplement industry. He has previously managed and grown a supplement store business, demonstrating his ability to understand market demands, streamline operations, and drive sales. His leadership skills and strategic vision are key assets that will guide NutriElite Haven towards achieving lasting success in the competitive health and wellness market.
IX. Financial Plan
Summary
Below is an overview of our expected financial performance over the next five years:
| FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | |
|---|---|---|---|---|---|
| Revenues | $2,164,147 | $2,343,404 | $2,537,508 | $2,747,690 | $2,975,282 |
| Direct Expenses | $855,881 | $899,484 | $945,309 | $993,468 | $1,044,081 |
| Gross Profit | $1,308,265 | $1,443,919 | $1,592,199 | $1,754,222 | $1,931,201 |
| Gross Profit (%) | 60.5% | 61.6% | 62.7% | 63.8% | 64.9% |
| Other Expenses | $97,085 | $100,030 | $103,065 | $106,192 | $109,414 |
| EBITDA | $1,211,180 | $1,343,888 | $1,489,133 | $1,648,029 | $1,821,787 |
| Depreciation | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 |
| Amortization | $0 | $0 | $0 | $0 | $0 |
| Interest Expense | $19,600 | $19,600 | $19,600 | $19,600 | $19,600 |
| Income Tax Expense | $410,753 | $457,200 | $508,036 | $563,650 | $624,465 |
| Net Income | $762,827 | $849,087 | $943,496 | $1,046,779 | $1,159,721 |
Funding Requirements/Use of Funds
To accomplish our growth goals, NutriElite Haven needs $196,000 in funding. Key uses of this funding will be as follows:
| Capital Investments | |
|---|---|
| Location Buildout | $50,000 |
| Furniture | $10,000 |
| Equipment | $20,000 |
| Machines | $5,000 |
| Computers and POS Systems | $5,000 |
| Non Capital Investments | |
|---|---|
| Working Capital | $50,000 |
| Initial Rent/Lease (3 months) | $9,000 |
| Staff Salaries (First 3 Months) | $30,000 |
| Initial Marketing and Advertising | $10,000 |
| Supplies | $5,000 |
| Insurance | $2,000 |
Financial Projections
5 Year Annual Income Statement
| FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
|---|---|---|---|---|---|---|
| Revenues | ||||||
| Revenues | $2,164,147 | $2,343,404 | $2,537,508 | $2,747,690 | $2,975,282 | |
| Total Revenues | $2,164,147 | $2,343,404 | $2,537,508 | $2,747,690 | $2,975,282 | |
| Direct Costs | ||||||
| Direct Costs | $855,881 | $899,484 | $945,309 | $993,468 | $1,044,081 | |
| Total Direct Costs | $855,881 | $899,484 | $945,309 | $993,468 | $1,044,081 | |
| GROSS PROFIT | $1,308,265 | $1,443,919 | $1,592,199 | $1,754,222 | $1,931,201 | |
| GROSS PROFIT % | 60.5% | 61.6% | 62.7% | 63.8% | 64.9% | |
| Other Expenses | ||||||
| Salaries | $72,814 | $75,023 | $77,299 | $79,644 | $82,060 | |
| Marketing Expenses | $6,067 | $6,251 | $6,441 | $6,637 | $6,838 | |
| Rent/Utility Expenses | $6,067 | $6,251 | $6,441 | $6,637 | $6,838 | |
| Other Expenses | $12,135 | $12,503 | $12,883 | $13,274 | $13,676 | |
| Total Other Expenses | $97,085 | $100,030 | $103,065 | $106,192 | $109,414 | |
| EBITDA | $1,211,180 | $1,343,888 | $1,489,133 | $1,648,029 | $1,821,787 | |
| Depreciation | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | |
| Amortization | $0 | $0 | $0 | $0 | $0 | |
| EBIT | $1,193,180 | $1,325,888 | $1,471,133 | $1,630,029 | $1,803,787 | |
| Interest Expense | $19,600 | $19,600 | $19,600 | $19,600 | $19,600 | |
| PRETAX INCOME | $1,173,580 | $1,306,288 | $1,451,533 | $1,610,429 | $1,784,187 | |
| Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
| Use of Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
| Taxable Income | $1,173,580 | $1,306,288 | $1,451,533 | $1,610,429 | $1,784,187 | |
| Income Tax Expense | $410,753 | $457,200 | $508,036 | $563,650 | $624,465 | |
| NET INCOME | $762,827 | $849,087 | $943,496 | $1,046,779 | $1,159,721 | |
| Net Profit Margin (%) | 35.2% | 36.2% | 37.2% | 38.1% | 39% |
5 Year Annual Balance Sheet
| FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Cash | $781,903 | $1,637,554 | $2,586,535 | $3,642,855 | $4,610,096 | |
| Other Current Assets | $185,762 | $201,149 | $217,810 | $228,974 | $247,940 | |
| Total Current Assets | $967,666 | $1,838,703 | $2,804,346 | $3,871,829 | $4,858,037 | |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | |
| Acc Amortization | $0 | $0 | $0 | $0 | $0 | |
| Net Intangibles | $0 | $0 | $0 | $0 | $0 | |
| Fixed Assets | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 | |
| Accum Depreciation | $18,000 | $36,000 | $54,000 | $72,000 | $90,000 | |
| Net fixed assets | $72,000 | $54,000 | $36,000 | $18,000 | $0 | |
| Preliminary Exp | $0 | $0 | $0 | $0 | $0 | |
| TOTAL ASSETS | $1,039,666 | $1,892,703 | $2,840,346 | $3,889,829 | $4,858,037 | |
| LIABILITIES & EQUITY | ||||||
| Current Liabilities | $80,839 | $84,789 | $88,935 | $91,638 | $96,124 | |
| Debt outstanding | $196,000 | $196,000 | $196,000 | $196,000 | $0 | |
| Total Liabilities | $276,839 | $280,789 | $284,935 | $287,638 | $96,124 | |
| Share Capital | $0 | $0 | $0 | $0 | $0 | |
| Retained earnings | $762,827 | $1,611,914 | $2,555,411 | $3,602,190 | $4,761,912 | |
| Total Equity | $762,827 | $1,611,914 | $2,555,411 | $3,602,190 | $4,761,912 | |
| TOTAL LIABILITIES & EQUITY | $1,039,666 | $1,892,703 | $2,840,346 | $3,889,829 | $4,858,037 |
5 Year Annual Cash Flow Statement
| FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
|---|---|---|---|---|---|---|
| CASH FLOW FROM OPERATIONS | ||||||
| Net Income (Loss) | $762,827 | $849,087 | $943,496 | $1,046,779 | $1,159,721 | |
| Change in Working Capital | ($104,923) | ($11,436) | ($12,515) | ($8,460) | ($14,479) | |
| Plus Depreciation | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | |
| Plus Amortization | $0 | $0 | $0 | $0 | $0 | |
| Net Cash Flow from Operations | $675,903 | $855,650 | $948,981 | $1,056,319 | $1,163,241 | |
| CASH FLOW FROM INVESTMENTS | ||||||
| Fixed Assets | ($90,000) | $0 | $0 | $0 | $0 | |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | |
| Net Cash Flow from Investments | ($90,000) | $0 | $0 | $0 | $0 | |
| CASH FLOW FROM FINANCING | ||||||
| Cash from Equity | $0 | $0 | $0 | $0 | $0 | |
| Cash from Debt financing | $196,000 | $0 | $0 | $0 | ($196,000) | |
| Net Cash Flow from Financing | $196,000 | $0 | $0 | $0 | ($196,000) | |
| Net Cash Flow | $781,903 | $855,650 | $948,981 | $1,056,319 | $967,241 | |
| Cash at Beginning of Period | $0 | $781,903 | $1,637,554 | $2,586,535 | $3,642,855 | |
| $781,903 | $1,637,554 | $2,586,535 | $3,642,855 | $4,610,096 |
What Is a Supplement Store Business Plan?
A supplement store business plan is a document that outlines the strategies you have developed to start and/or grow your supplement store business. Among other things, it details information about your industry, customers and competitors to help ensure your company is positioned properly to succeed. Your supplement store business plan also assesses how much funding you will need to grow your business and proves, via your financial forecasts, why the business is viable.
Why You Need a Business Plan for your Supplement Store Business
A business plan is required if you are seeking funding for your supplement store business. Investors and lenders will review your plan to ensure it meets their criteria before providing you with capital. In addition, a supplement store business plan helps you and your team stay focused. It documents the strategies you must follow and gives you financial projections you should strive to achieve and against which you can judge your performance.
Supplement Store Business Plan Template PDF
Download our Supplement Store Business Plan PDF to help guide you as you create your business plan for your own supplement store business.
