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Another weakness is the ability to compete with big – time players in the real estate industry when it comes to bidding for choice facilities. What is a Third Party Liability Insurance for Skydiving? The intended shopping mall is viewing business from a prospective and optimistic outlook. A Sample Cabin Rental Business Plan Template, A Sample Rental Property Business Plan Template, A Sample Serviced Apartments Business Plan Template India, Writing a Home Inspection Business Plan [Sample Template], A Sample Real Estate Investment Holding Business Plan Template, A Sample Property Maintenance & Renovation Business Plan Template, A Sample Serviced Apartment Complex Business Plan Template, How to Write an Event Center Business Plan [Sample Template], A Sample Real Estate Syndication Business Plan Template, How to Write a Home Staging Business Plan [Sample Template], How to Write a Shopping Mall Business Plan [Sample Template], 14. Because of the competitive nature of the shopping mall management business, there is an increasing degree of related business activities, with big players dominating the market. We know that one of the ways of gaining approval and winning customers over is to lease our shopping mall spaces 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. Makes certain that the project team performs efficiently, coordinates employee efforts, and facilitate communications between management and the workforce. One of our major goals of starting Simone Cooper® Shopping Malls, Inc. is to build a business that will survive off its own cash flow without injecting finance from external sources once the business is officially running. to ensure accurate and helpful information is supplied to clients when they make enquiries. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions; Simone Cooper® Shopping Malls, Inc. engaged the services of a core professional in the area of business consulting and structuring to assist our organization in building a well – structured shopping mall management business that can favorably compete in the industry in the United States and the world at large. The cost for the purchase of office furniture and gadgets (Computers, Printers, Telephone, TVs, Sound System, snooker board, tables and chairs et al) – $4,000. Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products. We want to compete favorably with the leading shopping malls in the United States which is why we have put in place a competent team that will ensure that our facilities meet and even surpass our customers’ expectations. The continued rise of online shopping will pressure brick-and-mortar locations out of malls. Another strength that counts for us in the location of our shopping mall management; it is located in one of the most must busiest places in Sheldon Road, Elk Grove – California. We know 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. Interestingly, the number of businesses in the United States is expected to increase in the coming years, presenting a potential opportunity for the industry. A shopping mall's marketing plan describes the strategies the mall management team will deploy to attract and retain tenants and to bring in more shoppers to their stores. If YES, here is a complete sample shopping mall business plan template & feasibility report you can use for FREE. Our bank account numbers will be made available on our website and promotional materials. We have been able to secure a standard and well – positioned facility in a central district in 8322 Sheldon Road, Elk Grove, CA 94624. In this section of the business plan you will not only find a tag line, jingle or campaign but a business strategy and the decisions to make to position the shopping mall in the minds of your potential visitors, by enhancing the competitive advantages of your facility. Legal expenses for obtaining licenses and permits – $1,500. It is based on the location of our shopping mall facility and of course our target market; 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 facility as we do within same location. The national retail vacancy rate has fallen during the five-year period. The fact that renting a shopping mall can be a cost-effective and efficient solution for retailers and related businesses and workers makes it an ideal Business model for retailers who just want to start small and grow big. 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. Our vision is to establish a standard shopping mall management company whose facility and brand will not only be accepted in Elk Grove – California, but also in other cities in the United States of America. Advertise our shopping malls on national dailies, local TV and radio stations, Promote our business online via our official website and all available social media platforms, Introduce our business by sending introductory letters alongside our brochure to retailers, business operators, hair stylists, barbers, tanning specialists and manicure and pedicure specialist and key stake holders in Elk Grove – California. Below are the platforms we intend to leverage on to promote and advertise Simone Cooper® Shopping Malls, Inc.; Our pricing system is going to be based on what is obtainable in the industry, we don’t intend to charge more (except for premium and customized facility and services) and we don’t intend to charge less than what our competitors are charging their clients. Simone Cooper® Shopping Malls, Inc. will run a standard shopping mall that will be involved in the rental of commercial space, property management services, consulting, shop appraisal and listing services, construction services and other related services. A shopping mall is a place with one or more buildings housing a wide variety of stores representing merchandisers with interconnecting walkways that enable customers to walk freely from unit to unit. Our unique selling proposition is that we are well positioned, we offer state of the art facility/services and people can easily access our facility. Before starting our business in Sheldon Road, Elk Grove – California, we conducted a thorough market survey and feasibility studies and we are certain that there are loads of retailers, business centers, hairstylists, barbers, tanning specialist and nail specialists et al who need large, medium and small spaces in our shopping mall facility to run their business. In this section of the plan you will find the characteristics of the business and how it should make money. In this chapter of the plan there is a complete explanation of the financial setup and a list of the main sources of revenue along with the mall’s major expenses. The business could also obtain income from other sources such as in-house advertising space leasing contracts, temporary booths, parking lot lease agreements and others. “The Galleria Mall is the best mall in the Houston area; it includes department stores like Neiman Marcus, Saks Fifth Avenue, Nordstrom and Macy’s, as well as high … During a five-year period, the price of commercial real estate, benchmarked by the Green Street Commercial Property Price Index, grew at an estimated annualized rate of 5.8 percent. Our facilities and services are listed below; We intend starting small in Sheldon Road, Elk Grove – California, but hope to grow big in order to compete favorably with leading companies in the industry both in the United States and on a global stage. We are well positioned to take on the available market in the industry in Elk Grove – California and we are quite optimistic that we will meet our set target of renting out all the spaces that is available in our facility and generating enough income/profits from the first six month of operation and grow our shopping mall management business to enviable heights. Other start-up expenses including stationery – $1000, Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $200,000. The industry is responsible for the employment of over 44,292 people. Open our shopping malls with a big party. Responsible for overseeing the smooth running of HR and administrative tasks for the organization, Design job descriptions with KPI to drive performance management for clients, Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes. We can boast of having a result and service driven team and we have access to pool of finance from our partners who are accredited investors. Reviewing and approving plans that meet building codes, local ordinances and zoning regulations. Industry and financial opportunities ; presenting assumptions ; recommending objectives edge to guarantee its.. A civil engineer, astute business man and core professional with hands – on experience in running shopping malls the... Revenue primarily fluctuates in line with rental rates and occupancy levels products directly to the.! » business plans » Real Estate industry industry revenue primarily fluctuates in line with rental rates and levels! 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