Furniture- Business-PLAN PDF

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1.

ABS TRA CT The bigg est adva ntag e in

F

2. Feasibility Analysis: By Product/Service Feasibility A. Chair B. Table C. Sofas D. Beds E. Other furniture F.

Single and double beds

G. Sofas and luxury wooden chairs H. Study and dining tables I.

Drawers and chests

J.

Desks and office chairs

K. Bookcases and cabinet

By Application A. Commercial B. Household

It is observed that foldable furniture has huge demand, opportunities and it’s a trendy thing. Foldable furniture business to introduce space-efficient foldable furniture products for minimizing space usage along with the commercial production of usual furniture products. The company will also offer repair and maintenance services like polishing and glazing of old furniture.

Folding furniture market segmentation based on distribution channel A. Offline distribution B. Online distribution C. VR in Design

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Virtual Reality (VR) has become one of the leading trends in recent years. There is no doubt this technology will dominate in 2019/20 and the years that follow. Real estate agents, designers and people who plan to remodel their houses, apartments or offices can all find an ideal solution in VR. A study (PKSF, 2013) on Bangladesh, observed that furniture sector has a growth rate of 19% per year and contributes 0.29% in the GDP of the country. This labor-intensive sector has the potential to stand as a key contributor to the national economy by employment generation and also to become a prime supplier of foreign currency as in the case of apparel industry. About 2 million skilled and un-skilled labor force are employed by this sector. The global demand of foldable furniture increases with the growth of population and improvement of living standard of the global population. Space saving concept has been applied to all categories of furniture, ultimately creating folding bed, sofa bed, wall bed, folding study table set, folding dining table set, bookcase etc. Technical Aspects Virtual Reality (VR) has become one of the leading trends in recent years. There is no doubt this technology will dominate in 2019/20 and the years that follow. Real estate agents, designers and people who plan to remodel their houses, apartments or offices can all find an ideal solution in VR.

Figure: AutoCAD file of tray

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Furniture and products that can fit in small spaces, harmonize in different areas, packed flat and were easily move and shipped have been a trend. Our Goal is to satisfied the consumer by allowing them to see how does the furniture fit at their place by designing in AutoCAD according to their house size and allocation. This variant is particularly ideal for customer to see how furniture look at their room without taking to their room. Having prepared the sequence of 360° images, a house or an apartment can be viewed by a potential customer without the need for a personal visit to the place.

Crowned as the VR headset in the past, HTC is striving to get its position back with their newest device: VIVE Cosmos. It offers the ultimate experience but comes with a hefty price tag of $699 plus approximately $130.00 for the controllers. The device has the same field of view as Oculus (110 degrees), but it is equipped with the incredible RGB LCD screens, each offering a per-eye resolution of 1440x1700 (2880x1700 combined resolution). How Can we Create an Editable VR Model? Apps like Live Home 3D allow you to create virtual models on Mac, Windows 10, iPhone and iPad devices. These models allow unlimited modifications and can be exported to 360° images and videos. The app’s rich toolset allows you to create a virtual model of a house, apartment or office regardless of the complexity.

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Our company will offer a “View in My Room” option in the Shop that let users affix a digital object to a space, but it was a flat image, without any depth. The new 3D augmented reality option, which will give more realistic view of furniture at their room or office.

Financial projections How the Business will be started Rick has planned everything about this business. we hired professional experts from various fields to help us craft a detailed map about our business. The financial experts have forecasted following costs for expenses, assets, investment, and loans for the Start-up.

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Start-up Cost 700,000.00৳ 585,000.00৳

600,000.00৳ 500,000.00৳

445,000.00৳

400,000.00৳ 325,000.00৳ 300,000.00৳ 200,000.00৳ 100,000.00৳ -৳

Expense

Asset

Investment

Loan -৳

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Forecasted Startup costs is given below: Unit sales Single and double

Year 1

Sofas and luxury wooden chairs Study and dining Study and dining Drawers and chests Desks and office chairs Bookcases and

Year 2

Year 3

1,872,330.00৳ 2,360,320.00৳ 2,588,240.00৳ 1,435,320 1,762,450 1,250,430.00৳ 539,320 1,002,310 770,230.00৳ 770230 539,320.00৳ 1,002,310.00৳ 265,450 322,390 393,320.00৳ 802,370 823,540 815,430.00৳ 134,240 842,230 394,340.00৳

TOTAL UNIT SALES

Unit Price Single and double Sofas and luxury wooden chairs Study and dining Study and dining Drawers and chests Desks and office chairs Bookcases and TOTAL UNIT SALES

5,049,030.00৳

5,913,140.00৳ 7,412,090.00৳

Year 1

Year 2

Year 3

Unit sales our experts have forecasted the following sales on yearly basis which are summarized in the column charts. The detailed information about sales forecast, total unit sales, total sales is given in the following table: XUnit sales Single and double Sofas and luxury wooden chairs Study and dining

Year 1

Year 2

Year 3

1,872,330.00৳ 2,360,320.00৳ 2,588,240.00৳ 1,435,320 1,762,450 1,250,430.00৳ 539,320 1,002,310 770,230.00৳ 6|Page

Study and dining Drawers and chests

770230 539,320.00৳ 265,450

Desks and office chairs

802,370

Bookcases and

134,240

1,002,310.00৳ 322,390 393,320.00৳ 823,540 815,430.00৳ 842,230 394,340.00৳

TOTAL UNIT SALES 5,049,030.00৳

5,913,140.00৳ 7,412,090.00৳

Marketing Strategy

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