Home Furnishing Retail Business Plan in Nigeria
Home Furnishing Retail Business Plan in Nigeria
Home Furnishing Retail Business Plan in Nigeria
This sample Home Furnishing Business Plan In Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Note, Competitions etc.
The Home Furnishing Business is a lucrative business that needs a lot of strategic planning to start and a business coach like Dayo Adetiloye to help you start the Implementation.
Description of Home Furnishing Business Plan in Nigeria
Business: Home Furnishing Retailing
Industry: Hospitality
Executive Summary
PATILAD Home Furnishing Retail business was established in the year 2019 at ife town. At PATILAD, we review your wants and needs, then turn them into a reality. This means we do not only provide the best furniture and merchandise, we provide the best furnishing services.
At PATILAD, we have a wide range of furniture types, styles carefully handpicked or made with finesse. We provide everything you need in just one-stop. Our services are not only available to people who want to make their homes feel like a warm blanket after a cold day of playing outside but also people who wish to furnish their offices or commercial spaces to their tastes.
Part of our client review includes weighing their pockets to determine just how expensive each would want their decor to be. We have varieties of high quality merchandise at varied prices. This works to the advantage of those on a low budget who still get to make their homes look amazing. Our focus is to give our clientele the best feelings of their lives when they step into their homes and offices.
PATILAD in addition to the retail of home furnishing merchandises, provide decorating and furnishing services through the use of interior designers and decorators. These interior designers and decorators have gained so much experience and exposure and are trained to transform your home spaces from boring to lively, bland to exciting, ugly to beautiful. We do not only help to create eye catching aesthetics and functionality, but we also promote appealing structures and looks without compromising the space you want.
Home Furnishing Retail Business Plan in Nigeria
Our products and services
PATILAD will provide the following products and services:
- Extensive furnishing products including chairs, couches, tables, dressers, dining tables, stools, mirrors, lounges, screens, wall decorations, bathroom ensembles, blankets, carpets, rugs, cushions, drapery, illuminated mannequins etc.
- As it is not practicable to stock all the products in our store, we provide purchase order services.
- Decorating services by our interior designers and decorators.
- Interior design consultation.
Benefits of our services and products
- PATILAD prides in selling high quality furniture and accessories.
- We provide decorating services in addition to retailing.
- We focus on customer satisfaction and gratification.
- Clients are provided access to any of our expert interior designers or decorators to help in selecting furniture and decor accessories for an added fee.
- PATILAD provides Interior design consulting services.
- Purchase order services.
- We are budget Flexible.
Objectives of the Home Furnishing Retailing Business Plan in Nigeria
- To cater to the Furnishing needs of the local community.
- To become the leading Home Furnishing Business hub in Ife town.
- To expand to nearby South-west regions and eventually across Nigeria.
- To increase our sales revenue by 50% by 2021.
- To earn 30% market share.
- To maximize profits by investing in mass purchase of furnishing supplies.
- To reduce the unemployment rate in the local community and subsequently the country thereby promoting the nation’s economy.
Home Furnishing Retail Business Plan in Nigeria
Vision statement of the Home Furnishing Retailing Business plan in Nigeria
Our vision is to expand across Africa. To be the leading international Furnishing supply and manufacturing company offering original, superior and the finest products and services.
Mission statement of the Home Furnishing Retailing Business plan in Nigeria
Our mission is to be our clientele’s favorite organization to purchase their furnishing products and services through reliability, flexibility, focus on quality and providing value for money.
Management team of the Home Furnishing Retailing Business Plan in Nigeria
Uchemba Williams – is a graduate of interior design from Simplinteriors School of Interior Design & Entrepreneurship in Surulere, Lagos Nigeria. He has over 5 years of experience as an interior designer and his strengths lies in business communication, negotiation, vision, project management, creativity, budget, technical drawing, Adobe suite and lots more. Uchemba is a goal driven and efficient individual which makes him in ch arge of the day to day operations of PATILAD home Furnishing Retailing.
FunmiAderibigbe – is a detailed oriented and artistic interior designer with over 150 successful jobs. She has over 15 years’ experience as an interior designer. Her critical thinking, visualization skills, spatial awareness and computer skills makes her the interior consultant at our organization. She is a part time worker at our organization. Funmi is a graduate of Humber College in Toronto, Canada. She has a master’s degree in interior design.
Mr Dayo Adetiloye – (B. Agric., MBA, and PMP): He has over 15 years’ experience in business management, business start-up dynamics, financial management of business and overall business growth and development. He is an alumnus of Enterprise Development Centre (EDC) of the Lagos Business School (LBS), Pan African University (PAU). He is our business development strategist and a strategic partner.
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We brought to the business:
- Educational skill and practical experience in Home Furnishing Retailing business.
- Exclusive creativity subject to wants.
- High quality Furnishing accessories and merchandise.
- Customer satisfaction.
- Quality and flexible services on budget.
- Interior design consulting services.
- Purchase order services.
- Decorating services.
- Our staff brings operational, marketing and promotional skills to the business.
Management experience gained for the Home Furnishing Retailing Business Plan in Nigeria
I have more than an aggregate of 25 years’ experience as a business manager both home and abroad. I am an accounting bachelor’s degree holder of AdekunleAjasin University, Akungba, Ondo state. I also have a mastersdegree(MSC) in business and management in Aston business university, Birmingham, United Kingdom.
I have a long track record of displaying a solid knowledge of business operations and I have received quite a number of employee awards for my problem solving acumen, leadership skills, business management, discipline, business consciousness and communication skills. All these have helped me in the building of work discipline, productivity and growth in my organization.
I am the CEO of the organization overseeing the day to day activities of the business.
Home Furnishing Retail Business Plan in Nigeria
Materials and machines or Home Furnishing Retailing Business in Nigeria
Computer(s) and software, network and internet connection, point of sale or pay out terminal, telephone, mailing equipment, shredder, multifunction printer, portfolio, accessory rack, chairs, stools, dressers, book shelves, lounges, couches, recliners, dining tables, tables, side tables, mirrors, wall art, bathroom ensembles, blankets, carpets, rugs, cushions, drapery, illuminated mannequins etc.
COMPETITOR ANALYSIS OF HOME FURNISHING RETAILING BUSINESS PLAN IN NIGERIA
People patronize because of the following reasons:
- Core professionalism.
- Budget flexibility.
- Unique Furnishing Accessories and Furniture.
- Skilled workers and professionals.
- Customer satisfaction and gratification.
- Exclusive creativity subject to demand.
- Purchase order services.
- Interior design consulting services.
Our major competitive advantages are;
- Decorating services in addition to retailing.
- Interior design consulting services.
- Unique Furnishing Accessories and Furniture.
- Core professionalism.
- Purchase order services.
- Exclusive creativity subject to want.
- Budget flexibility.
- Customer satisfaction.
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As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).
Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.
Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.
We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.
Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community
Mission Statement:
- Provide bespoke management and business planning consultancy
- To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
- To inspire, empower and champion entrepreneurship in the global online community.
Business Goals and Objective
- Engender national prosperity by contributing to the creation of at least 100 new businesses every year
- Become a go-to brand for outstanding business development services for MSMEs
- Strategic partnership with local and international organization to empower start-ups
- Continuous innovation to serve our clients better
Core Values:
Integrity
Opportunity Maximization
Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
Timeliness