Shoe Repair Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business Plans » B2C Sector

Are you about starting a shoe repair company? If YES, here is a complete sample shoe repair business plan template & feasibility report you can use for FREE .

There are businesses that someone with little schooling and no serious business background and training can start. One of such businesses is to open a shoe repair shop. The major things you need to have in place to succeed in this type of business is a good location, easy access to shoe repair raw materials (shoe thread, leather, soles, lace, polish, and dye amongst others) and good customer service skills.

A Sample Shoe Repair Business Plan Template

1. industry overview.

Any human you find on the streets is likely to wear one form of footwear or the other. Shoes cum footwear can be pure leather, synthetic, fabric or rubber. And the fact that these shoes are subjected to wear and tear goes to show that there is indeed a very large market for shoe repair stores.

The shoe repair business is grouped under the shoe and footwear industry and players in this industry are involved in manufacturing footwear for men, women and children or repairing shoes.

Research conducted by IBISWORLD shows that the Shoe & Footwear Manufacturing industry in the united states has a low to moderate level of concentration. The US shoe and footwear manufacturing industry is concentrated: the top 50 companies account for more than 95 percent of sales.

New Balance and Allen Edmonds who are considered to be the two dominant players in the industry are estimated to account for an estimated 35.3 percent of the revenue generated in industry. This low-to-moderate concentration reflects a fragmented market that has a mix of a few large companies and many small industry operators specializing in higher valued-added footwear.

The largest global footwear companies such as Nike and Adidas, manufacture nearly all of their products outside of the country. This practice has increased over the past few years as large manufacturers discontinue production in the United States, instead focusing domestic activities on design and wholesale of footwear.

The Shoe and Footwear manufacturing industry that shoe repair business is a part of is indeed a major sector of the economy of most countries in the world. Statistics has it that in the United States of America alone, the Shoe & Footwear Manufacturing industry generates over $2 billion annually from more than 876 registered and licensed large scale shoes and footwear manufacturing companies scattered all around the United States of America.

The industry is responsible for the employment of over 10,416 people. Experts project the shoe and footwear manufacturing industry to grow at a -2.7 percent annual rate. In the United States, men’s footwear accounts for about 50 percent of sales, women’s for about 20 percent, and athletic and other footwear for about 30 percent.

The establishment in this industry that has a dominant market share in the United States of America are; New Balance and Allen Edmonds. If you are interested in starting a business in the shoe & footwear manufacturing industry and you don’t have enough capital, then you can start with a shoe repair business. It is a business that can be started in any part of the world.

2. Executive Summary

Vincent Jonas & Sons® Shoe Repair Shop is a registered shoe & footwear repair company that will be located in Albany – New York; in an ideal location highly suitable for the kind of business we want to establish. We have been able to lease a facility that fits perfectly into the kind of business we want to launch.

Vincent Jonas & Sons® Shoe Repair Shop will be involved in repair and refurbishing of all types of shoes. We are set to service a wide range of clientele in and around the location of our shoe repair shop.

We are aware that there are several shoe repair shops and even footwear manufacturing companies that are also into shoe repair all around the United States of America, which is why we spent time and resources to conduct a thorough feasibility studies and market survey so as to be well positioned to favorably compete with all our competitors.

Vincent Jonas & Sons® Shoe Repair Shop will ensure that all the footwear repair works that we carry out are of the highest quality and affordable. We want to build a business with a wide range of clientele base that cuts across people of different financial status.

We have a CRM software that will enable us manage a one on one relationship with our customers no matter how large the number of our customers’ base may grow to.

Vincent Jonas & Sons® Shoe Repair Shop will at all times demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible.

We will ensure that we hold ourselves accountable to the highest standards by meeting our customers’ needs precisely and completely whenever they patronize our services. Vincent Jonas & Sons® Shoe Repair Shop is a family business that is owned by Vincent Jonas and his immediate family members.

Vincent Jonas has a Diploma in shoe and footwear Making, with over 10 years’ experience in the shoe and footwear manufacturing industry, working for some of the leading brands in the United States. He will be bringing in his vast experience to help build Vincent Jonas & Sons® Shoe Repair Shop to compete with other leaders in the industry.

3. Our Products and Services

Vincent Jonas & Sons® Shoe Repair Shop is in the shoe repair line of business to repair and refurbish shoes for men, women and children. We are set to service a wide range of clientele in and around our shop location and of course to make profits.

We will do all that is permitted by the law of the United States to achieve our business aim and ambition. Our product offerings are listed below;

  • Repair and refurbishing of rubber and plastic footwear
  • Repair and refurbishing of house slipper
  • Repair and refurbishing of athletic shoes
  • Repair and refurbishing of ballet slipper
  • Repair and refurbishing of cleated athletic shoes
  • Repair and refurbishing of other footwear

4. Our Mission and Vision Statement

  • Our vision is to become the leading shoe repair shop in and around Albany – New Work.
  • Our mission is to establish a world – class footwear repair business whose services will be patronized by people of different financial status; we want to become the household name when it comes to shoe repair in the whole of Albany.

Our Business Structure

Our intention of starting a shoe repair business is to build a standard footwear repair business in Albany – New York. Hence, we will ensure that we put the right structures in place that will support the kind of growth that we have in mind while setting up the business.

We will ensure that we hire people that are qualified, honest, customer centric and are ready to work to help us build a prosperous business.

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of ten years or more. In view of that, we have decided to hire qualified and competent hands to occupy the following positions;

  • Chief Executive Officer (Owner)

Shop Manager

Sales and Marketing Manager

  • Shoes and Footwear repair Experts
  • Accountants/Cashiers
  • Customer Services Executive

5. Job Roles and Responsibilities

Chief Executive Officer – CEO:

  • Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions.
  • Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for fixing prices and signing business deals
  • Responsible for providing direction for the business
  • Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for signing checks and documents on behalf of the company
  • Evaluates the success of the organization
  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
  • Guarantees operation of equipment by completing preventive maintenance requirements; calling for repairs.
  • Defines job positions for recruitment and managing interviewing process
  • Carries out induction for new team members
  • Responsible for training, evaluation and assessment of employees
  • Responsible for managing the daily activities in the shoe and footwear repair workshop
  • Ensures that proper records of shoe repair materials are kept and warehouse does not run out of raw materials
  • Ensures that the shop is always in tip top shape
  • Interfaces with third – party suppliers (vendors) of raw materials (leather, synthetic leather, rubber, soles, fabrics, gum, polish and shoe dyes et al)
  • Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
  • Models demographic information and analyze the volumes of transactional data generated by customer purchases
  • Identifies, prioritizes, and reaches out to new partners, and business opportunities et al
  • Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
  • Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
  • Documents all customer contact and information
  • Represents the company in strategic meetings


  • Responsible for repairing and refurbishing of rubber and plastic footwear
  • Accountable for repairing and refurbishing of house slipper
  • Responsible for repairing and refurbishing of athletic shoes
  • In charge of repairing and refurbishing of ballet slipper
  • Responsible for repairing and refurbishing of cleated athletic shoes and other footwear


  • Responsible for preparing financial reports, budgets, and financial statements for the organization
  • Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
  • Responsible for financial forecasting and risks analysis.
  • Performs cash management, general ledger accounting, and financial reporting
  • Responsible for developing and managing financial systems and policies
  • Responsible for administering payrolls
  • Ensures compliance with taxation legislation
  • Handles all financial transactions for the organization
  • Serves as internal auditor for the organization

Client Service Executive

  • Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
  • Through interaction with customers on the phone, uses every opportunity to build client’s interest in the company’s services
  • Manages administrative duties assigned by the human resources and admin manager in an effective and timely manner
  • Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to customers when they make enquiries

6. SWOT Analysis

Vincent Jonas & Sons® Shoe Repair Shop is set to become one of the leading shoe and footwear repair shops in the United States of America and we are fully aware that it will take the right business concept, management and organizational structure to achieve our goal.

We are quite aware that there are several shoe repair shops and even shoes and footwear manufacturing companies that are also into shoe repairs all over the United States of America and even in the same location where we intend locating ours, which is why we are following the due process of establishing a business.

We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be welled equipped to confront our threats.

Vincent Jonas & Sons® Shoe Repair Shop employed the services of an expert Business Analyst with bias in the startups such as ours to help us conduct a thorough SWOT analysis and to help us create a Business model that will help us achieve our business goals and objectives. This is the summary of the SWOT analysis that was conducted for Vincent Jonas & Sons® Shoe Repair Shop;

Our core strength lies in the quality of our finished shoes and footwear, the power of our team and the well-equipped shoe repair shop that we own. We have a team of experienced cobblers that can go all the way to give our customers value for their money.

We are well positioned in the heart of Albany – New York and we know we will attract loads of clients from the first day we open our shoe repair shop for business.

A major weakness that may count against us is the fact that we are a new shoe repair shop and we don’t have the financial capacity to compete with large footwear manufacturing companies who are also into shoe repair and refurbishing. So also, we may not have enough cash reserve to promote our shoe repair shop the way we would want to do.

  • Opportunities:

The fact that we are going to be operating our shoe repair shop in Albany – New York provides us with unlimited opportunities to provide our services to a large number of people.

We have been able to conduct thorough feasibility studies and market survey and we know what our potential clients will be looking for when they visit our shoe and footwear repair workshop; we are well positioned to take on the opportunities that will come our way.

Just like any other business, one of the major threats that we are likely going to face is economic downturn. Another threat that may likely confront us is the arrival of a new shoe repair shop and even footwear manufacturing company that are also into shoe repair and refurbishing in the same location where ours is located. So also, unfavorable government policies may also pose a threat for businesses such as ours.


  • Market Trends

One common trend in the footwear manufacturing industry that shoe repair business is a part of is that the demand for its product is driven by fashion, demographics, and of course consumer disposable income. The profitability of individual footwear repair businesses depends on their ability to carry our faultless shoe repairs services.

Going forward, shoe repair shops will have to position themselves to cater to a stronger middle class market. It has been projected that by the year 2030, the majority of the world’s population will be part of the middle class, primarily due to a drop in the amount of people living in extreme poverty.

With this development, there will be an influx of new consumers and this will put pressure on product developers to meet their unfamiliar preferences and needs. Developed economies placing their products in emerging markets will also have to adjust their pricing strategies to compete with local low-price manufacturers.

8. Our Target Market

Perhaps it will be safe to submit that the footwear manufacturing industry that shoe repair business is a part of is amongst the industries that have the widest range of customers; almost everybody on planet earth need one form of footwear or the other.

It is pretty difficult to find someone in the United States and of course in other developed countries that don’t have shoes.

In view of that, we have positioned our shoe repair shop to service the clientele in and around our shop location. We have conducted our market research and feasibility studies and we have ideas of what our target market would be expecting from us.

Our Competitive Advantage

A close study of the shoe and footwear manufacturing industry reveals that the market has become much more intensely competitive over the last decade. As a matter of fact, you have to be highly creative with your designs and market approach, be customer centric and proactive if you must survive in this industry.

We are aware of the stiff competition and we are prepared to compete favorably with other leading shoe repair shops in the United States.

Vincent Jonas & Sons® Shoe Repair Shop is launching a standard shoe and footwear repair business that will indeed become the preferred choice of residents of Albany – New York and every other location where our outlets will be opened.

Our shoe and footwear repair shop is located in an ideal property highly suitable for the kind of business that we want to run.

One of our business goal is to make Vincent Jonas & Sons® Shoe Repair Shop a one stop shoe repair shop. Our excellent customer service culture, excellent repair and refurbishing services, various payment options and highly secured facility will serve as a competitive advantage for us.

Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.


  • Sources of Income

Vincent Jonas & Sons® Shoe Repair Shop is in business to repair and refurbish a wide range of shoes and footwear in and around Albany – New York.

We are in the shoe repair line of business to maximize profits and we are going to go all the way out to ensure that we achieve our business goals and objectives. Vincent Jonas & Sons® Shoe Repair Shop will generate income by offering the following services;

  • Repairing and refurbishing of rubber and plastic footwear
  • Repairing and refurbishing of house slipper
  • Repairing and refurbishing of athletic shoes
  • Repairing and refurbishing of ballet slipper
  • Repairing and refurbishing of cleated athletic shoes
  • Repairing and refurbishing of other footwear

10. Sales Forecast

If you are into the repair and refurbishing of various types of shoes and footwear, you will always attract customers cum sales and that will sure translate to increase in revenue generation for the business.

We are well positioned to take on the available market in and around the location where our shop will be located and we are quite optimistic that we will meet our set target of generating enough profits from the first six months of operation and grow the business and our clientele base.

We have been able to critically examine the shoe repair business, we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to startups in Albany – New York.

Below are the sales projection for Vincent Jonas & Sons® Shoe Repair Shop, it is based on the location of our business and other factors as it relates to shoe and footwear repair startups in the Albany – New York;

  • First Fiscal Year: $150,000
  • Second Fiscal Year: $250,000
  • Third Fiscal Year: $500,000

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 within the same location as ours. Please note that the above projection might be lower and at the same time it might be higher.

  • Marketing Strategy and Sales Strategy

Before choosing a location for Vincent Jonas & Sons® Shoe Repair Shop we conducted a thorough market survey and feasibility studies in order for us to penetrate the available market and become one of the preferred choice for consumers in and around the location of our shoe repair shop.

We have detailed information and data that we were able to utilize to structure our business to attract the number of customers we want to attract per time.

We hired experts who have good understanding of the shoe and footwear manufacturing industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in the United States of America.

In summary, Vincent Jonas & Sons® Shoe Repair Shop will adopt the following sales and marketing approach to win customers over;

  • Open our shoe and footwear repair shop in a grand style with a party for all.
  • Introduce our shoe repair shop by sending introductory letters alongside our brochure to organizations, households and key stake holders in and around Albany – New York
  • Make use of attractive hand bills to create awareness and also to give direction to our shoe and footwear repair shop
  • Position our signage / flexi banners at strategic places around Albany – New York
  • Create a loyalty plan that will enable us reward our regular customers
  • List our business and products on yellow pages ads (local directories)
  • Leverage on the internet to promote our business
  • Engage in direct marketing and sales
  • Encourage the use of Word of mouth marketing (referrals)

11. Publicity and Advertising Strategy

Despite the fact that our shoe and footwear repair shop is well located, we will still go ahead to intensify publicity for the business. We are going to explore all available means to promote our business.

Vincent Jonas & Sons® Shoe Repair Shop has a long term plan of opening our shoe repair shops in various locations all around New York and other key cities in the United States which is why we will deliberately build our brand to be well accepted in Albany – New York before venturing out.

As a matter of fact, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand. Here are the platforms we intend leveraging on to promote and advertise Vincent Jonas & Sons® Shoe Repair Shop;

  • Place adverts on community based newspapers, radio and TV stations.
  • Encourage the use of word of mouth publicity from our loyal customers
  • Leverage on the internet and social media platforms like YouTube, Instagram, Facebook, Twitter, LinkedIn, Snapchat, Google+ and other platforms to promote our business.
  • Ensure that our we position our banners and billboards in strategic positions all around Albany – New York
  • Distribute our fliers and handbills in target areas in and around our neighborhood
  • Advertise our shoe and footwear repair shop in our official website and employ strategies that will help us pull traffic to the site

12. Our Pricing Strategy

At Vincent Jonas & Sons® Shoe Repair Shop we will keep the prices of our shoe repair services below the average market rate for all of our customers by keeping our overhead low and by collecting payment in advance from corporate organizations who would hire our services. In addition, we will also offer special discounted rates to all our customers at regular intervals.

  • Payment Options

The payment policy adopted by Vincent Jonas & Sons® Shoe Repair Shop is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that Vincent Jonas & Sons® Shoe Repair Shop will make available to her clients;

  • Payment with cash
  • Payment via Point of Sale Machine (POS)
  • Payment via online bank transfer
  • Payment via check

In view of the above, we have chosen banking platforms that will enable our clients make payment for our services without any stress on their part. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for our services.

13. Startup Expenditure (Budget)

In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting / leasing a big facility, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.

The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked. As for the detailed cost analysis for starting a shoe and footwear repair business; it might differ in other countries due to the value of their money. These are the key areas where we will spend our start – up capital on;

  • The total fee for registering the Business in the United States of America – $750.
  • Legal expenses for obtaining licenses and permits as well as the accounting services (software, P.O.S machines and other software) – $3,300.
  • Marketing promotion expenses for the grand opening of Vincent Jonas & Sons® Shoe Repair Shop in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of $3,580.
  • The total cost for hiring Business Consultant – $2,500.
  • The total cost for payment of insurance policy covers (general liability, workers’ compensation and property casualty) coverage at a total premium – $9,400.
  • The total cost for long – term leasing of a standard shop facility – $50,000
  • The total cost for remodeling the shop facility – $5,000.
  • Other start-up expenses including stationery ( $500 ) and phone and utility deposits – ( $2,500 ).
  • Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $30,000
  • The total cost for start-up inventory (purchase of footwear repair and refurbishing tools and equipment and the purchase of raw materials (leather, synthetic leather, rubber, soles, fabrics, gum, polish and shoe dyes et al)) – $30,000
  • The total cost for store equipment (cash register, security, ventilation, signage) – $13,750
  • The total cost for the purchase and installation of CCTVs: $10,000
  • The cost for the purchase of office furniture and gadgets (Computers, Printers, Telephone, TVs, Sound System, tables and chairs et al): $4,000.
  • The total cost of launching a website: $600
  • The total cost for our opening party: $5,000
  • Miscellaneous: $3,000

We would need an estimate of one hundred and fifty thousand dollars ( $150,000 ) to successfully set up our shoe and footwear repair business in Albany – New York.

Generating Startup Capital for Vincent Jonas & Sons® Shoe Repair Shop 

Vincent Jonas & Sons® Shoe Repair Shop is a family business that is solely owned and financed by Vincent Jonas and his immediate family members. They do not intend to welcome any external business partners which is why he has decided to restrict the sourcing of the startup capital to 3 major sources.

These are the areas we intend generating our startup capital;

  • Generate part of the startup capital from personal savings
  • Source for soft loans from family members and friends
  • Apply for loan from the bank

N.B: We have been able to generate about $50,000 ( Personal savings $30,000 and soft loan from family members $20,000 ) and we are at the final stages of obtaining a loan facility of $100,000 from our bank. All papers and documents have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.

14. Sustainability and Expansion Strategy

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. If all of these factors are missing from a business, then it won’t be too long before the business close shop.

One of our major goals of starting Vincent Jonas & Sons® Shoe Repair Shop is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to offer our shoes and footwear repair and refurbishing services a little bit cheaper than what is obtainable in the market and we are prepared to survive on lower profit margin for a while.

Vincent Jonas & Sons® Shoe Repair Shop will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner.

We know that 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.

Check List/Milestone

  • Business Name Availability Check: Completed
  • Business Registration: Completed
  • Opening of Corporate Bank Accounts: Completed
  • Securing Point of Sales (POS) Machines: Completed
  • Opening Mobile Money Accounts: Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Application for business license and permit: Completed
  • Purchase of Insurance for the Business: Completed
  • Leasing of facility and remodeling the facility: In Progress
  • Conducting Feasibility Studies: Completed
  • Generating capital from family members: Completed
  • Applications for Loan from the bank: In Progress
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Drafting of Contract Documents and other relevant Legal Documents: In Progress
  • Design of The Company’s Logo: Completed
  • Graphic Designs and Printing of Packaging Marketing / Promotional Materials: In Progress
  • Recruitment of employees: In Progress
  • Purchase of shoe and footwear repair and refurbishing machines and equipment: Completed
  • Purchase of the needed furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV: In progress
  • Creating Official Website for the Company: In Progress
  • Creating Awareness for the business both online and around the community: In Progress
  • Health and Safety and Fire Safety Arrangement (License): Secured
  • Opening party / launching party planning: In Progress
  • Establishing business relationship with vendors – suppliers of shoe and footwear repair raw materials: In Progress

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Start a Shoe Repair Business

Stepping into Green Profits: The Resurgence of Shoe Repair Businesses

a neon sign that says shoe repair


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Shoe Repair Business Plan : free template

Shoe Repair Business Plan

Welcome to Shoe Repair Ltd (SRL), your trusted destination for high-quality shoe repair services. We understand the value of your favorite footwear and are dedicated to extending their lifespan through expert craftsmanship and attention to detail. Our skilled team of craftsmen, combined with our commitment to customer satisfaction, sets us apart in the shoe repair industry. From sole replacements to stitching repairs, we provide a comprehensive range of services to revitalize and restore your shoes. With a focus on sustainability and cost-effectiveness, Shoe Repair Ltd is your go-to solution for keeping your footwear in impeccable condition

Shoe Repair Business Plan

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Shoe Repair Business Plan: executive summary

Shoe Repair Ltd (SRL) is a professional shoe repair business that aims to provide high-quality repair services to individuals seeking to extend the lifespan of their beloved footwear. This business plan outlines our strategies, goals, and financial projections for the next three years.

Market Overview: The shoe repair industry is witnessing a resurgence due to the increasing demand for sustainable and cost-effective solutions. With a focus on craftsmanship and attention to detail, Shoe Repair Ltd aims to capture a significant market share in the local area.

Services Offered: Shoe Repair Ltd offers a comprehensive range of repair services, including sole replacement, heel repair, stitching, and general shoe restoration. Our skilled craftsmen possess extensive experience and utilize state-of-the-art equipment to ensure exceptional results for our customers.

Target Market: Our primary target market includes individuals who value their footwear and seek to prolong their lifespan rather than replacing them entirely. This demographic consists of fashion-conscious individuals, professionals, and those who appreciate the sentimental value of their shoes.

Marketing Strategy: To reach our target market effectively, Shoe Repair Ltd will implement a multi-faceted marketing approach. This will include a strong online presence through search engine optimization (SEO) techniques, social media marketing, and paid online advertising. Additionally, we will establish partnerships with local shoe stores and leverage word-of-mouth marketing.

Competitive Advantage: Shoe Repair Ltd sets itself apart from the competition through its commitment to excellence and customer satisfaction. Our team of skilled craftsmen, coupled with the use of high-quality materials, ensures that each repair job meets the highest standards. Furthermore, we offer competitive pricing and quick turnaround times, giving us a competitive edge in the market.

Financial Projections: Based on thorough market research and projected sales growth, Shoe Repair Ltd anticipates steady revenue growth over the next three years. We expect to achieve profitability within the first year of operation, with a projected annual growth rate of 10-15%. Our financial projections are based on conservative estimates, taking into account various factors such as market fluctuations and operating expenses.

Conclusion: Shoe Repair Ltd is poised to become a leading provider of shoe repair services in the local market. With our commitment to quality, extensive range of services, and targeted marketing efforts, we are confident in our ability to achieve long-term success. By addressing the increasing demand for sustainable and cost-effective solutions, we aim to establish Shoe Repair Ltd as the go-to destination for shoe repairs in the area

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Shoe repair business plan: product and service.

At Shoe Repair Ltd (SRL), we take great pride in offering a wide range of high-quality shoe repair services to meet the diverse needs of our customers. Our skilled craftsmen are dedicated to restoring and revitalizing footwear, ensuring that each pair receives meticulous attention and expert care. In addition to our repair services, we also provide complementary products to enhance the durability and aesthetics of our customers’ shoes.

Shoe Repair Services: Our comprehensive shoe repair services are designed to address various types of shoe damage and wear. Whether it’s a worn-out sole, a damaged heel, or a broken stitching, our team possesses the expertise to restore shoes to their former glory. Some of our key repair services include:

  • Sole Replacement: We specialize in replacing worn-out or damaged soles with high-quality materials, ensuring improved traction and extended shoe life.
  • Heel Repair: Our skilled craftsmen excel at repairing damaged or worn-down heels, restoring both functionality and aesthetics.
  • Stitching and Patching: We offer expert stitching and patching services to mend torn or loose seams, giving shoes a seamless finish.
  • Shoe Restoration: For shoes in need of more extensive refurbishment, we provide comprehensive restoration services, including cleaning, conditioning, and color restoration.
  • Accessories Replacement: We also replace shoe accessories such as eyelets, buckles, and zippers, ensuring that every aspect of the footwear is in top condition.

Complementary Products: To further enhance the longevity and appearance of our customers’ shoes, we offer a range of complementary products:

  • Shoe Care Products: We stock a variety of high-quality shoe care products, including polishes, conditioners, and waterproofing sprays. These products help maintain the durability and shine of shoes between repairs.
  • Insoles and Cushions: We provide a selection of insoles and cushions to improve comfort and support in shoes, catering to specific needs such as arch support or extra padding.
  • Shoe Accessories: Our store features a range of shoe accessories such as laces, shoe horns, and shoe brushes, providing customers with convenient options to enhance their footwear.

Quality Assurance: At SRL, we are committed to delivering exceptional quality in every repair job we undertake. We prioritize the use of high-quality materials and employ skilled craftsmen who possess a keen eye for detail. Our dedication to quality extends beyond the repair process, as we source complementary products from reputable manufacturers known for their durability and effectiveness.

Customer Satisfaction: Customer satisfaction is our top priority at SRL. We strive to exceed customer expectations by offering prompt and reliable service, ensuring that each repair job is completed to the highest standard. Our knowledgeable staff is always ready to provide personalized advice and guidance on shoe care and maintenance, helping customers make informed decisions about their footwear.

In conclusion, Shoe Repair Ltd provides a comprehensive range of top-quality repair services and complementary products to meet the diverse needs of our customers. With our skilled craftsmen, commitment to quality, and dedication to customer satisfaction, we are confident in our ability to restore and revitalize footwear, extending their lifespan and ensuring customer delight

Shoe Repair Business Plan: market analysis

The shoe repair industry has experienced a resurgence in recent years, driven by various factors such as sustainability, cost-effectiveness, and the growing demand for quality craftsmanship. Understanding the market landscape is crucial for Shoe Repair Ltd (SRL) to identify opportunities, target the right customers, and establish a strong presence in the shoe repair industry.

Market Size and Growth: The shoe repair market has shown steady growth globally. According to industry reports, the global shoe repair market is projected to reach a value of $XX billion by 2025, with a compound annual growth rate of XX% during the forecast period. This growth can be attributed to increasing consumer awareness about the environmental impact of fast fashion and a shift towards more sustainable practices.

Target Market: SRL’s target market primarily consists of individuals who value their footwear and seek to extend its lifespan through repair rather than purchasing new shoes. This includes fashion-conscious individuals, professionals, and those who have a sentimental attachment to their footwear. Additionally, we aim to attract customers who appreciate quality craftsmanship, personalized service, and cost-effective solutions.

Demographic Analysis: To effectively target our market, it’s essential to understand the demographics of our potential customers. Our research indicates that our target market comprises both men and women across various age groups, but the following segments hold significant potential:

  • Fashion-conscious Individuals: This segment includes individuals who prioritize style and fashion trends. They are likely to invest in quality footwear and opt for repair services to maintain the integrity of their shoes.
  • Professionals: Professionals who rely on their footwear for work, such as business executives, healthcare professionals, and service industry workers, are inclined to seek repair services to prolong the life of their shoes and maintain a polished appearance.
  • Eco-conscious Consumers: With the increasing focus on sustainability, environmentally conscious consumers are actively seeking alternatives to fast fashion. Repairing shoes aligns with their values, as it reduces waste and promotes a more sustainable lifestyle.

Competitor Analysis: SRL operates in a competitive landscape, with several established shoe repair businesses and potential substitutes such as shoe retail stores and online shopping. Conducting a thorough competitor analysis allows us to identify key players, their strengths, weaknesses, and areas where we can differentiate ourselves. Some factors to consider include:

  • Service Quality and Expertise: Assessing the quality of repair services provided by competitors helps us understand the standards set in the industry. SRL aims to differentiate itself by offering superior craftsmanship, attention to detail, and a commitment to customer satisfaction.
  • Pricing and Value Proposition: Analyzing the pricing strategies of competitors helps us position ourselves competitively in the market. SRL aims to offer competitive pricing while delivering exceptional value through high-quality repairs and personalized customer service.
  • Online Presence and Marketing: Evaluating competitors’ online presence, including their websites, social media engagement, and search engine rankings, helps us identify opportunities to improve our own digital marketing efforts and increase visibility in the online space.

Marketing Strategy: To capture a significant market share, SRL will implement a comprehensive marketing strategy. This will include:

  • Search Engine Optimization (SEO): Optimizing our website and online content with relevant keywords and local targeting will improve our search engine rankings and organic visibility, driving more traffic to our website.
  • Social Media Marketing: Leveraging social media platforms such as Facebook, Instagram, and Twitter will allow us to engage with our target audience, share informative content, and promote our services. Engaging posts, before-and-after shoe repair transformations, and customer testimonials will help build brand awareness and loyalty.
  • Partnerships and Collaborations: Establishing partnerships with local shoe stores and boutiques can help us expand our customer base. Collaborative promotions, referral programs, or co-branded initiatives will mutually benefit both parties and increase brand exposure.
  • Local Advertising: Utilizing local advertising channels, such as print media, radio, or billboards, will help us reach potential customers in our immediate vicinity.

In conclusion, the shoe repair industry presents significant opportunities for Shoe Repair Ltd. By targeting the right market segments, understanding customer needs, and differentiating ourselves through quality craftsmanship and exceptional customer service, we are well-positioned to establish a strong presence in the market. Through strategic marketing efforts, we aim to increase brand visibility, attract customers, and become the go-to shoe repair service provider in our local area

Shoe Repair Business Plan: Marketing & Sales Strategy

To ensure the success of Shoe Repair Ltd (SRL), it is crucial to develop an effective marketing and sales strategy that will help us reach our target audience, generate leads, and convert them into loyal customers. Our strategy focuses on both online and offline marketing channels to maximize our reach and visibility.

1. Online Marketing:

a) Website Optimization: We will optimize our website for search engines to improve our organic search rankings. This includes using relevant keywords, creating informative and engaging content, optimizing meta tags, and ensuring mobile responsiveness.

b) Search Engine Advertising: We will run targeted pay-per-click (PPC) advertising campaigns on search engines like Google to increase our online visibility. These ads will appear when potential customers search for shoe repair services in our local area.

c) Social Media Marketing: Social media platforms such as Facebook, Instagram, and Twitter will be utilized to engage with our target audience. We will share before-and-after repair photos, shoe care tips, customer testimonials, and promotions to create brand awareness and foster customer engagement.

d) Content Marketing: Creating valuable and informative content through blog posts, how-to guides, and videos will establish us as a trusted authority in the shoe repair industry. This will attract organic traffic to our website and help build customer loyalty.

e) Email Marketing: We will implement an email marketing strategy to nurture leads and maintain regular communication with our customer base. This includes sending newsletters, exclusive promotions, and personalized offers to keep customers informed and engaged.

2. Offline Marketing:

a) Local Partnerships: Collaborating with local shoe stores, boutiques, and fashion influencers will help us expand our reach and tap into their existing customer base. We can offer incentives for referrals or jointly host events to promote our services.

b) Print Advertising: Placing advertisements in local newspapers, magazines, and community publications will help raise awareness among potential customers who prefer traditional media.

c) Direct Mail: Targeted direct mail campaigns, such as postcards or flyers, can be distributed to specific neighborhoods or areas with a high concentration of our target audience. These materials will highlight our services, competitive pricing, and special offers.

d) Community Involvement: Participating in local events, sponsoring charity initiatives, or organizing shoe care workshops will help us connect with the community and establish a positive brand image.

3. Sales Strategy:

a) Exceptional Customer Service: Providing excellent customer service is crucial for customer satisfaction and retention. Our staff will be trained to be friendly, knowledgeable, and attentive to customer needs, ensuring a positive experience throughout the repair process.

b) Pricing Strategy: We will adopt a competitive pricing strategy based on market analysis and our cost structure. Offering affordable rates while maintaining high-quality repair services will attract price-conscious customers.

c) Loyalty Programs: Implementing a loyalty program will encourage repeat business and reward our loyal customers. We can offer discounts, exclusive promotions, or free services based on customer frequency or cumulative spending.

d) Referral Program: A referral program will incentivize our customers to refer friends, family, and colleagues to our services. Offering discounts or free repairs for successful referrals will help us expand our customer base through word-of-mouth marketing.

e) Online Booking and Convenience: Implementing an online booking system on our website will make it convenient for customers to schedule repairs and track the status of their orders. Offering pick-up and delivery services will further enhance customer convenience.

By implementing a comprehensive marketing and sales strategy that combines online and offline channels, Shoe Repair Ltd aims to increase brand visibility, attract a steady flow of customers, and build long-term relationships. Continuously monitoring and analyzing the effectiveness of our marketing efforts will allow us to make data-driven decisions and refine our strategies for optimal results

Shoe Repair Business Plan: The Management Team

Shoe Repair Ltd (SRL) is led by a skilled and experienced management team dedicated to the success and growth of the business. Our team brings together a diverse range of expertise in both the shoe repair industry and business management, ensuring the effective operation and strategic direction of SRL.

  • John Smith – Founder and CEO: John Smith, the founder of SRL, has over 15 years of experience in the shoe repair industry. His passion for craftsmanship and commitment to customer satisfaction are the driving forces behind the company’s vision. John oversees the overall operations of the business, sets strategic goals, and ensures that SRL remains at the forefront of industry trends and innovations.
  • Sarah Johnson – Operations Manager: Sarah Johnson serves as the Operations Manager, overseeing the day-to-day activities of SRL. With her extensive experience in managing retail operations, Sarah ensures smooth workflow, efficient resource allocation, and effective quality control. She works closely with the craftsmen to maintain high standards of repair work and implements operational improvements to enhance customer experience.
  • David Thompson – Marketing and Sales Manager: David Thompson is responsible for developing and executing SRL’s marketing and sales strategies. With a background in digital marketing and brand management, David drives the company’s online presence, search engine optimization efforts, social media engagement, and customer acquisition initiatives. He continuously analyzes market trends and customer feedback to adapt and optimize the marketing and sales strategies.
  • Lisa Adams – Finance Manager: As the Finance Manager, Lisa Adams oversees all financial aspects of SRL. With her strong background in financial management and accounting, Lisa ensures accurate financial reporting, budgeting, and forecasting. She monitors the company’s financial performance, manages cash flow, and develops strategies to maximize profitability and cost efficiency.
  • Emily Roberts – Customer Service Manager: Emily Roberts heads the customer service department, ensuring that each customer receives exceptional service and support. With her extensive experience in customer relationship management, Emily focuses on enhancing customer satisfaction, managing customer inquiries and feedback, and implementing strategies to foster customer loyalty. She trains and leads the customer service team to provide personalized assistance and ensure a positive customer experience.
  • Mark Wilson – Head Craftsman: Mark Wilson, the Head Craftsman, brings a wealth of expertise in shoe repair and restoration. With his meticulous attention to detail and exceptional craftsmanship, Mark ensures that every repair job meets the highest standards. He oversees the workshop operations, trains and mentors other craftsmen, and ensures quality control throughout the repair process.

Together, the management team of SRL possesses a diverse set of skills and expertise that aligns with the strategic goals of the company. They work collaboratively to drive business growth, maintain operational excellence, deliver exceptional customer service, and position SRL as a leader in the shoe repair industry. Their collective experience and dedication form the foundation for SRL’s success and the satisfaction of our valued customers

Shoe Repair Business Plan: Financial forecasts or projections

Shoe Repair Ltd (SRL) has developed comprehensive financial forecasts to provide a clear understanding of the company’s expected financial performance over the next three years. These projections are based on extensive market research, historical data, industry trends, and conservative estimates.

1. Revenue Projections:

SRL anticipates steady revenue growth over the forecast period, driven by an increasing demand for shoe repair services and our effective marketing strategies. We project the following annual revenue figures:

• Year 1: $XXX,XXX

• Year 2: $XXX,XXX

• Year 3: $XXX,XXX

These figures are based on our expected market penetration, competitive pricing, and the ability to attract and retain a loyal customer base.

2. Cost of Goods Sold (COGS):

The COGS primarily consists of direct material costs, such as shoe repair supplies and replacement parts, as well as direct labor costs associated with the repair process. We have conducted a thorough analysis of our costs and project the following COGS percentages:

• Year 1: XX%

• Year 2: XX%

• Year 3: XX%

These projections take into account expected increases in material costs, economies of scale, and efficiency improvements over time.

3. Operating Expenses:

SRL has estimated various operating expenses required to run the business efficiently. This includes rent, utilities, salaries, marketing expenses, insurance, and general overhead costs. We project the following annual operating expenses:

These projections consider the growth of the business, marketing initiatives, and the need for additional staff to support increased demand.

4. Gross Profit Margin:

The gross profit margin is an essential indicator of SRL’s profitability. It represents the revenue left after deducting the COGS. We anticipate the following gross profit margins over the forecast period:

These projections demonstrate our commitment to maintaining a healthy margin while delivering competitive pricing and high-quality repair services.

5. Net Profit Margin:

The net profit margin represents the profitability of SRL after deducting all operating expenses, including taxes. We expect the following net profit margins:

These projections reflect our ability to balance revenue growth with cost management and operational efficiency.

6. Cash Flow and Break-Even Analysis:

SRL has conducted detailed cash flow projections to ensure sufficient liquidity to meet financial obligations and support business growth. Additionally, we have performed a break-even analysis to determine the point at which our revenue covers all expenses, resulting in a net profit.

Based on these projections, we anticipate achieving profitability within the first year of operation and a steady increase in net profit over the forecast period.

Note: The above financial projections are estimates based on various assumptions and market conditions. They should be regularly reviewed and adjusted as needed to reflect actual performance and changes in the business environment.

In conclusion, SRL’s financial forecasts demonstrate a positive outlook for the company’s growth and profitability. We are confident in our ability to capture a significant market share, maintain competitive pricing, and deliver high-quality shoe repair services while managing costs effectively. These projections serve as a roadmap to guide our financial decisions and track our progress as we strive towards long-term success

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Shoe Store Business Plan Template

Written by Dave Lavinsky

shoe business plan

Shoe Store Business Plan

Over the past 20+ years, we have helped over 500 entrepreneurs and business owners create business plans to start and grow their shoe stores.

If you’re unfamiliar with creating a shoe store business plan, you may think creating one will be a time-consuming and frustrating process. For most entrepreneurs it is, but for you, it won’t be since we’re here to help. We have the experience, resources, and knowledge to help you create a great business plan.

In this article, you will learn some background information on why business planning is important. Then, you will learn how to write a shoe store business plan step-by-step so you can create your plan today.

Download our Ultimate Business Plan Template here >

What is a Shoe Store Business Plan?

A business plan provides a snapshot of your shoe store as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategies for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan for a Shoe Store

If you’re looking to start a shoe store or grow your existing shoe store company, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your shoe store to improve your chances of success. Your shoe store business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for Shoe Stores

With regards to funding, the main sources of funding for a shoe store are personal savings, credit cards, bank loans, and angel investors. When it comes to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to ensure that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings and bank loans are the most common funding paths for shoe stores.

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How to write a business plan for a shoe store.

If you want to start a shoe store or expand your current one, you need a business plan. The guide below details the necessary information for how to write each essential component of your shoe store business plan.

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your executive summary is to quickly engage the reader. Explain to them the kind of shoe store you are running and the status. For example, are you a startup, do you have a shoe store that you would like to grow, or are you operating a chain of shoe stores?

Next, provide an overview of each of the subsequent sections of your plan.

  • Give a brief overv iew of the shoe store industry.
  • Discuss the type of shoe store you are operating.
  • Detail your direct competitors. Give an overview of your target customers.
  • Provide a snapshot of your marketing strategy. Identify the key members of your team.
  • Offer an overview of your financial plan.

Company Overview

In your company overview, you will detail the type of shoe store you are operating.

For example, you m ight specialize in one of the following types of shoe stores:

  • Athletic shore store : this type of shoe store primarily sells athletic shoes for running, walking, training, basketball, etc.
  • Luxury shoe store: this type of shoe store primarily sells high-end luxury brands of shoes. They are mostly dress shoes, such as women’s heels, pumps, and boots, as well as men’s loafers.
  • Budget shoe store: this type of shoe store primarily sells affordable athletic, casual, and dress shoes at a discounted price. The brands are usually on the lower-end.
  • Orthopedic shoe store: this type of shoe store primarily sells orthopedic shoes that focus on enhanced comfort and has features for people with foot pain or problems.

In addition to explaining the type of shoe store you will operate, the company overview needs to provide background on the business.

Include answers to questions such as:

  • When and why did you start the business?
  • What milestones have you achieved to date? Milestones could include the number of customers served, the number of customers with positive reviews, reaching X number of customers served, etc.
  • Your legal business structure. Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry or market analysis, you need to provide an overview of the shoe store industry.While this may seem unnecessary, it serves multiple purposes.

First, researching the shoe store industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your marketing strategy, particularly if your analysis identifies market trends.

The third reason is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section of your shoe store business plan:

  • How big is the shoe store industry (in dollars)?
  • Is the market declining or increasing?
  • Who are the key competitors in the market?
  • Who are the key suppliers in the market?
  • What trends are affecting the industry?
  • What is the industry’s growth forecast over the next 5 – 10 years?
  • What is the relevant market size? That is, how big is the potential target market for your shoe store? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section of your shoe store business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: individuals of all ages and families.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of shoe store you operate. Clearly, seniors would respond to different marketing promotions than families with young children, for example.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, including a discussion of the ages, genders, locations, and income levels of the potential customers you seek to serve.

Psychographic profiles explain the wants and needs of your target customers. The more you can recognize and define these needs, the better you will do in attracting and retaining your customers.

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Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are othe r shoe stores.

Indirect competitors are other options that customers have to purchase from that aren’t directly competing with your product or service. This includes department stores, big box retailers, and consignment stores. You need to mention such competition as well.

For each such competitor, provide an overview of their business and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as

  • What types of customers do they serve?
  • What type of shoe store are they?
  • What is their pricing (premium, low, etc.)?
  • What are they good at?
  • What are their weaknesses?

With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

  • Will you provide options for people of all ages and demographics?
  • Will you offer products or services that your competition doesn’t?
  • Will you provide better customer service?
  • Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.  

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a shoe store business plan, your marketing strategy should include the following:

Product : In the product section, you should reiterate the type o f shoe store company that you documented in your company overview. Then, detail the specific products or services you will be offering. For example, will you provide clothing, accessories, or a rewards program?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of yo ur plan, yo u are presenting the products you offer and their prices.

Place : Place refers to the site of your shoe store company. Document where your company is situated and mention how the site will impact your success. For example, is your shoe store located in a busy retail district, a mall, a standalone retail location, or purely online? Discuss how your site might be the ideal location for your customers.

Promotions : The final part of your shoe store marketing plan is where you will document how you will drive potential customers to your location(s). The following are some promotional methods you might consider:

  • Advertise in local papers, radio stations and/or magazines
  • TV Commercials
  • Reach out to websites
  • Distribute flyers
  • Engage in email marketing
  • Advertise on social media platforms
  • Improve the SEO (search engine optimization) on your website for targeted keywords

Operations Plan

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your shoe store business, including taking inventory, ordering new products, customer interaction, cleaning the store, etc.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to sell your Xth shoe, or when you hope to reach $X in revenue. It could also be when you expect to expand your shoe store to a new city.  

Management Team

To demonstrate your shoe store’s potential to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.

Ideally, you and/or your team members have direct experience in managing shoe stores. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act as mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in managing a shoe store or successfully running a small retail business.

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Financial plan.

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance s heet, and cash flow statements.

Income Statement

An income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenue and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you sell 5 shoes per day, and/or offer seasonal discount offers ? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets

Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your shoe store, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a lender writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement

Your cash flow statement will help determine how much money you need to start or grow your business, and ensure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt.

When creating your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a shoe store:

  • Cost of shoe inventory and store supplies
  • Payroll or salaries paid to staff
  • Business insurance
  • Other start-up expenses (if you’re a new business) like legal expenses, permits, computer software, and equipment

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your store location lease or a list of shoes you plan to sell.  

Writing a business plan for your shoe store is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will understand the shoe store industry, your competition, and your customers. You will develop a marketing strategy and will understand what it takes to launch and grow a successful shoe store.  

Shoe Store Business Plan Template FAQs

What is the easiest way to complete my shoe store business plan.

Growthink's Ultimate Business Plan Template allows you to quickly and easily write your shoe store business plan.

How Do You Start a Shoe Store Business?

Starting a shoe store business is easy with these 14 steps:

  • Choose the Name for Your Shoe Store Business
  • Create Your Shoe Store Business Plan
  • Choose the Legal Structure for Your Shoe Store Business
  • Secure Startup Funding for Your Shoe Store Business (If Needed)
  • Secure a Location for Your Business
  • Register Your Shoe Store Business with the IRS
  • Open a Business Bank Account
  • Get a Business Credit Card
  • Get the Required Business Licenses and Permits
  • Get Business Insurance for Your Shoe Store Business
  • Buy or Lease the Right Shoe Store Business Equipment
  • Develop Your Shoe Store Business Marketing Materials
  • Purchase and Setup the Software Needed to Run Your Shoe Store Business
  • Open for Business

Learn more about how to start your own shoe business .

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Shoe Store Business Plan

Executive summary image

Thinking of starting your own shoe store? A flexible business model and high-profit margins make it an excellent business venture. So well done.

But before you jump in, it’s crucial to have a detailed business plan in place to succeed. Besides helping you raise capital for your business, it will also act as a roadmap to help you navigate through the ups and downs of entrepreneurship.

Need help writing a business plan for your shoe store? You’re at the right place. Our shoe store business plan template will help you get started.

sample business plan

Free Business Plan Template

Download our free business plan template now and pave the way to success. Let’s turn your vision into an actionable strategy!

  • Fill in the blanks – Outline
  • Financial Tables

How to Write a Shoe Store Business Plan?

Writing a shoe store business plan is a crucial step toward the success of your business. Here are the key steps to consider when writing a business plan:

1. Executive Summary

An executive summary is the first section planned to offer an overview of the entire business plan. However, it is written after the entire business plan is ready and summarizes each section of your plan.

Here are a few key components to include in your executive summary:

Introduce your business:

  • This section may include the name of your store, its location, when it was founded, the type of shoe store business (E.g. athletic shoe store, casual shoe store, women’s shoe store.) etc.

Market opportunity:

  • For instance, your product line may include types of shoes your business will sell, including loafers, athletic shoes, designer shoes, sandals, boots, etc.

Marketing & sales strategies:

Financial highlights:, call to action:.

Ensure your executive summary is clear, concise, easy to understand, and jargon-free.

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2. Business Overview

The business overview section of your business plan offers detailed information about your store. The details you add will depend on how important they are to your business. Yet, business name, location, business history, and future goals are some of the foundational elements you must consider adding to this section:

Business description:

  • Vintage or second-hand shoe stores
  • Comfort shoe stores
  • Online shoe stores
  • Children’s shoe stores
  • Athletic shoe stores
  • If your shop sells a variety of shoes, you may also mention it.
  • Describe the legal structure of your shoe store, whether it is a sole proprietorship, partnership, or others.
  • Explain where your business is located and why you selected the place.

Mission statement:

Business history:.

  • Additionally, If you have received any awards or recognition for excellent work, describe them.

Future goal:

This section should provide a thorough understanding of your business, its history, and its future plans. Keep this section engaging, precise, and to the point.

3. Market Analysis

The market analysis section of your business plan should offer a thorough understanding of the industry with the target market, competitors, and growth opportunities. You should include the following components in this section.

Target market:

  • For instance, an athletic shoe store may cater to athletes, fitness enthusiasts, and outdoor enthusiasts.

Market size and growth potential:

Competitive analysis:, market trends:.

  • For instance, there is a growing demand for sustainable and eco-friendly footwear as more and more people are becoming conscious of the environmental impacts of the products they purchase. Describe how you plan to serve this growing market.

Regulatory environment:

Here are a few tips for writing the market analysis section of your shoe shop business plan:

  • Conduct market research, industry reports, and surveys to gather data.
  • Provide specific and detailed information whenever possible.
  • Illustrate your points with charts and graphs.
  • Write your business plan keeping your target audience in mind.

4. Products And Services

The product and services section should describe the specific services and products that will be offered to customers. To write this section should include the following:

Product offerings:

List the type of shoes your store will provide to its customers. For instance, your product line may include boots, casual shoes, sandals, designer shoes, dress shoes, etc. If you plan to carry specific brands, you can also include their names.

Inventory management:

Suppliers and vendors:, return policy:.

In short, this section of your shoe store plan must be informative, precise, and client-focused. By providing a clear and compelling description of your offerings, you can help potential investors and readers understand the value of your business.

5. Sales And Marketing Strategies

Writing the sales and marketing strategies section means a list of strategies you will use to attract and retain your clients. Here are some key elements to include in your sales & marketing plan:

Unique selling proposition (USP):

  • For example, expert shoe fitting, a wide range of sizes and styles, high-quality and durable shoes, and sustainable and ethical products could be some of the great USPs for a shoe store.

Pricing strategy:

Marketing strategies:, sales strategies:, customer retention:.

Overall, this section of your shoe shop business plan should focus on customer acquisition and retention.

Have a specific, realistic, and data-driven approach while planning sales and marketing strategies for your shoe store, and be prepared to adapt or make strategic changes in your strategies based on feedback and results.

6. Operations Plan

The operations plan section of your business plan should outline the processes and procedures involved in your business operations, such as staffing requirements and operational processes. Here are a few components to add to your operations plan:

Staffing & training:

Operational process:, equipment & technology:.

  • Explain how these technology and equipment help you maintain quality standards and improve the efficiency of your business operations.

Adding these components to your operations plan will help you lay out your business operations, which will eventually help you manage your business effectively.

7. Management Team

The management team section provides an overview of your business’s management team. This section should provide a detailed description of each manager’s experience and qualifications, as well as their


Key managers:.

  • It should include the store manager, marketing manager, and other people involved in the business operations, including their education, professional background, and any relevant experience in the industry.

Organizational structure:

Compensation plan:, advisors/consultants:.

  • So, if you have any advisors or consultants, include them with their names and brief information consisting of roles and years of experience.

This section should describe the key personnel for your business, highlighting how you have the perfect team to succeed.

8. Financial Plan

Your financial plan section should provide a summary of your business’s financial projections for the first few years. Here are some key elements to include in your financial plan:

Profit & loss statement:

Cash flow statement:, balance sheet:, break-even point:.

  • This exercise will help you understand how much revenue you need to generate to sustain or be profitable.

Financing needs:

Be realistic with your financial projections, and make sure you offer relevant information and evidence to support your estimates.

9. Appendix

The appendix section of your plan should include any additional information supporting your business plan’s main content, such as market research, legal documentation, financial statements, and other relevant information.

  • Add a table of contents for the appendix section to help readers easily find specific information or sections.
  • In addition to your financial statements, provide additional financial documents like tax returns, a list of assets within the business, credit history, and more.These statements must be the latest and offer financial projections for at least the first three or five years of business operations.
  • Provide data derived from market research, including stats about the shoe store, user demographics, and industry trends.
  • Include any legal documents such as permits, licenses, and contracts.
  • Include any additional documentation related to your business plan, such as product brochures, marketing materials, operational procedures, etc.

Use clear headings and labels for each section of the appendix so that readers can easily find the necessary information.

Remember, the appendix section of your shoe or sneaker store business plan should only include relevant and important information supporting your plan’s main content.

The Quickest Way to turn a Business Idea into a Business Plan

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This sample shoe store business plan will provide an idea for writing a successful shoe store plan, including all the essential components of your business.

After this, if you still need clarification about writing an investment-ready business plan to impress your audience, download our shoe store business plan pdf .

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Frequently asked questions, why do you need a shoe store business plan.

A business plan is an essential tool for anyone looking to start or run a successful shoe store business. It helps to get clarity in your business, secures funding, and identifies potential challenges while starting and growing your business.

Overall, a well-written plan can help you make informed decisions, which can contribute to the long-term success of your shoe store.

How to get funding for your shoe store business?

There are several ways to get funding for your shoe store business, but self-funding is one of the most efficient and speedy funding options. Other options for funding are:

Small Business Administration (SBA) loan

Crowdfunding, angel investors.

Apart from all these options, there are small business grants available, check for the same in your location and you can apply for it.

Where to find business plan writers for your shoe store business?

There are many business plan writers available, but no one knows your business and ideas better than you, so we recommend you write your shoe store business plan and outline your vision as you have in your mind.

What is the easiest way to write your shoe store business plan?

A lot of research is necessary for writing a business plan, but you can write your plan most efficiently with the help of any shoe store business plan example and edit it as per your need. You can also quickly finish your plan in just a few hours or less with the help of our business plan software.

About the Author

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Upmetrics Team

Upmetrics is the #1 business planning software that helps entrepreneurs and business owners create investment-ready business plans using AI. We regularly share business planning insights on our blog. Check out the Upmetrics blog for such interesting reads. Read more

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What do you need to know about starting a business?

  • Start up business ideas
  • Set up a business
  • Skills and wellbeing
  • Business planning
  • Financing a business
  • Tax and National Insurance
  • Business law
  • Sales and marketing
  • Business premises
  • Business IT
  • Grow your business
  • Types of business
  • Testing business ideas
  • Product development
  • Is running a business really for you?
  • Start up stories
  • Registering as a sole trader
  • Setting up a limited company
  • Business names
  • Buy a franchise
  • Buying a business
  • Starting an online business
  • Setting up a social enterprise
  • Small business support

Protect your wellbeing from the pressures of starting and running a business and develop key business skills.

  • Dealing with stress
  • Manage your time
  • Self-confidence
  • Write a business plan
  • Business strategy
  • Start up costs
  • Start up funding
  • Setting prices
  • How to work out tax and NI
  • Accounting and bookkeeping
  • Licences and registration
  • Protecting intellectual property
  • Insurance for business
  • Workplace health, safety and environmental rules
  • Looking after your customers
  • Promote your business
  • Your marketing strategy
  • Sales techniques
  • Research your market
  • Creating and optimising a website
  • Commercial premises
  • Premises security
  • People management
  • Recruitment, contracts, discipline and grievance
  • Employment rights
  • Hiring employees
  • Buying IT for your new business
  • Basic IT security
  • Preparing for business growth
  • How to scale up your business
  • Funding business growth
  • Start exporting
  • Personal development

How to start up a shoe repairing business

Person hammering nail into the heel of a black shoe

The shoe repair market is very competitive and independents may need to offer other services like key cutting. If you're thinking of setting up your own shoe repair business, read our guide for practical help and guidance.

Research your target market

Customer profile, decide what services to offer, key cutting, operating practices, price your services, buy an existing business, estimating demand.

You will need to find out as best you can whether there is enough local demand for your shoe repair business. First of all, check out the competition. Try to identify and count the number of businesses offering some or all of the services and (less importantly) the products that you intend to provide. These will include other shoe repairers as well as DIY shops (these may offer key cutting, engraving and sharpening) and watch/phone repair shops if you offer this service (these will offer battery replacement, minor repairs, like new watch straps, glass or screens) and shoe shops (these usually stock shoe care products and accessories). Don't forget to include shoe repair businesses that operate from supermarket outlets, markets or from units in supermarket car parks.

Shop location

The location of your shop is important. A High Street shop benefits from a large amount of passing trade which means that more people get to know about it and may pop in to make impulse purchases as well as planned visits for repairs. However, High Street premises are often too expensive for the small, independent shoe repairer so other areas may have to be considered. You may, for example, consider premises located in a suburban shopping precinct. This type of premises will generally be more affordable but still serve a reasonably sized catchment area. There may also be suitable units available to let in a local market or supermarket which are likely to benefit from high levels of passing trade.

Check out local crime rates - you don't want to have to cope with excessive levels of shoplifting, break-ins and theft.

Why will customers choose your shop

You need to make sure that enough customers will choose your shop rather than any existing outlets. Check out the competition to see:

  • the range of services they offer
  • whether access is convenient
  • the prices they charge
  • their opening hours
  • the type of customer they are attracting
  • if the premises and fittings are modern and smart

With over 2,000 outlets offering shoe repairs and key cutting, Timpson is a very dominant presence in this market and much of the chain's recent expansion has been into supermarket outlets and car parks. Even if the nearest Timpson branches are quite some distance from your proposed location, you'll need to take them seriously as competitors because they are likely to be sited in locations that attract the maximum possible amount of trade.

Check out future developments

Make sure that there are no immediate plans to change your proposed area, such as new road systems which mean that local traffic will bypass your shop. You could also try to find out whether a competitor - particularly Timpson - is planning to open a shoe repair outlet in your proposed area. However, the opening of some new businesses - a supermarket outlet, for example, as long as it doesn't include a shoe repair outlet - could be a real benefit in that they can greatly increase the number of people walking past your shop.

Find out what people want

It can be a good idea to try to establish whether people living and working in your area would use your shop. You could carry out some surveys to see:

  • how much demand for shoe repairs there is and how much it's affected by factors like the state of the economy. It's also worth talking to any potential trade customers that you've identified like sports teams, police forces, equestrian businesses and so on that might use your business for bulk repairs to footwear and other leather goods
  • if there's demand for any other services that you're thinking of offering
  • what, if anything, the people in your area would change about existing repair shops

Research current trends, plus legal and tax issues

  • Sector trends for shoe repairers
  • Legal issues for shoe repairers
  • VAT rules for shoe repairers

Your market

Depending on the range of services you offer, your customers will use you for shoe repairs and probably key cutting, as well as:

  • watch repairs, fitting watch batteries and new watch straps
  • luggage and other leather goods repair
  • mobile phone repairs
  • purchases of shoe care products, laces, padlocks, key fobs, house numbers and so on and possibly shoes as well

When your shop has become established, your customer base will probably consist of a core of regular customers plus a number of infrequent or one-off customers.

It is likely that your customers will be from all walks of life and have different expectations as to how much they are going to be charged and the quality of the repair. To cater for this, you may consider offering a 'two-tier' shoe repair service which can allow you to offer, for example, both a standard and premium level of repair. The premium service would cost more and would be done using better quality materials but would not involve too much additional work for you. (You may find, however, that there would be little or no demand for a premium service, depending on the economic situation in your area.) You might also be in a position to offer bulk repairs to your local police force or army regiment.

You may consider introducing a 'while-you-wait' shoe repair service for simpler repairs. Customers may be prepared to pay a little more for this type of service unless a close competitor offers it free of charge. You might also decide to offer online shoe repairs, where the customer sends their shoes to you for repair and then you post them back once the repair has been completed, for example within 14 days.

It may be worth approaching local vehicle hire firms and any other organisation that operates a fleet of vehicles to offer them your key cutting services as they are likely to require keys cut on a fairly regular basis.

You may also get requests from riding stables to fix saddles and other items of tack. As with other specialist services, it is generally worth accepting this type of work even if you have to send it to a specialist. You may decide to add a 'handling charge' to the fee charged by the specialist so there will be a financial benefit for accepting this type of work.

Special offers and discounts

You may consider running special offers throughout the year. These can help to increase your customer base. However, it is important that you monitor your takings during these periods to make sure that you are getting more custom, rather than just giving your regular customers cheaper services.

Offering discounts could possibly boost trade at times of the year that are traditionally slow for shoe repairers (usually the summer months, particularly in dry years).

It is possible that you may also look to do 'agency' work where you carry out shoe repairs on behalf of another business. To secure this type of work, you would normally be expected to agree to an often quite substantial discount from your usual tariff.

It's very common for a shoe repair business to position itself as a 'multi-service' outlet, offering a range of services that include some or all of the following:

  • shoe, boot and general leatherwear repair
  • key cutting
  • shoe and shoe care product sales
  • sales of accessories, such as handbags, belts and dog collars
  • sharpening (scissors and tools, for example)

Your market research will hopefully have given you an idea of the level of demand for various services in your area. Most of the services shown above require specialist equipment, so it may not be possible, both financially and in terms of available space, for you to offer all of them. During your first few months of business, you may consider using external specialists to carry out some of these services. By doing this you can gauge how much demand there is for these services without having to spend a lot of money buying the required machines and equipment and spending time learning new skills.

Something different?

As well as the services detailed above, you could consider introducing new services that others in your area don't offer. You could consider offering an online key cutting and shoe repair service - customers could email you a photo of the item to be repaired so you could give them a quote.

Anything that marks your shop out as being a little bit different may mean that people will remember you and come back.

Key cutting is now a very important element of many shoe repair businesses and can account for as much as 50% of a shop's turnover (the Timpson chain, for example, cuts twice as many keys as it repairs shoes). The initial cost of a new key cutting machine can be high so you may consider buying second-hand equipment.

You may be asked to cut any of the following types of keys:

  • 'Yale' cylinder keys
  • double sided car keys
  • transponder car keys
  • steel mortice keys
  • other special car keys
  • coded alarm keys

You may not be able to cut all of these types of keys yourself so you could consider using the services of a specialist key cutter rather than turning away business.

Quality standards

Customers looking to go into a shop for the first time tend to favour ones that are bright, clean and welcoming. High Street stores - in particular the multiple shoe repair chain Timpson - recognise this and try to make their business premises as difficult to miss as possible.

Keep this in mind when you're fitting out your shop and try to make sure that it:

  • is clean, tidy and professionally fitted out (don't forget to look critically at the outside of the shop - smart paintwork is important)
  • is very clear from the outside what your shop offers (don't forget to make sure that any special services that you offer, such as while-you-wait repairs, engraving, key cutting, watch or phone batteries/repairs and so on are clearly advertised)
  • is staffed by knowledgeable and smart employees (if you have any)
  • offers a high standard of customer service

Advertising your shop

There's a number of ways that you could advertise your business, some of which will cost you little more than your time and others that require a certain budget.

Just before you open for the first time, think about advertising in the local press to let people know that your shop is about to open. You may also consider offering a 'discount with this advert' type of promotion to get customers through the door.

Don't overlook the potential of your window display. Signs in your shop window will inform passers-by about the services you offer and the products that you sell. The Society of Master Shoe Repairers (SOMSR) periodically supplies its members with eye-catching posters advertising the different services offered by shoe repairers. It is worth bearing in mind that most customers will probably associate only shoe repairs, key cutting and perhaps engraving with a shoe repair outlet, so if you are going to offer additional services you will have to make sure they are well advertised.

You can also use your shop window to advertise any special offers or promotions you will make, or to highlight any new services or product ranges you introduce.

Consider having a leaflet printed that introduces new customers to your business which you distribute to local households and workplaces.

A website is a very good way of telling potential customers about your services and prices. You could include handy shoe care tips and maybe some before and after photos showing some of the repair work you've done.

Above all, try to be original in your advertising campaigns. They need not be expensive but if you can think of new and different ways to market your shop then people are much more likely to remember you. You could try things like supporting charity events, sponsoring rubbish bins or benches around your area, inflatable blimps and so on.

Whenever possible try to leave the door of your shop open to welcome customers in. It is also a good idea to make sure that passers-by can see into your shop.

You may have a specialist repair, key cutting or other skill that you could offer to others in the trade, perhaps by advertising in a trade journal like Cutting Edge .

It is a good idea to check how much your competitors charge for various services to make sure that you don't price yourself out of the market. Your aim may be to establish a reputation for top quality, which could allow you to charge higher prices. However, certainly in your first few months after opening at least, you may find that you have to charge prices in line with those of your close competitors in order to get enough customers, regardless of the quality of your work.

Branches of Timpson can charge quite high prices due to their prominent trading locations. You may find that you have to pitch your prices lower than theirs in order to get sufficient custom. Annual price surveys are available to download from the Shoe Repairer forum website and are also published periodically in the Cutting Edge trade journal. These give average prices charged by repairers around the UK as well as the prices charged by Timpson. The price surveys also include many of the additional services that are offered in the typical shoe repair outlet. You could use these as a guide when you set your own prices.

The manufacturers and suppliers of key blanks will also be able to give you some idea of the usual retail prices of the different types of keys. The other suppliers that you will use will also be able to give you information on the usual retail prices of other items, such as laces, shoe polish and so on. It is, of course, entirely up to you as to whether or not you follow the recommended prices.

You might decide to buy an existing farm supply business rather than start your own venture from scratch. Buying a going concern can mean that the products, customers, regular sales, staff, premises and equipment are already in place.

But  buying a business  can be a hazardous, expensive process unless you have the right skills and experience on your team, including legal and financial know-how. Establish the genuine trading and financial position, so that the price you pay for the business is not too high.

Other matters to consider include:

  • the condition of any stock you are buying. Check this over carefully before agreeing a price particularly if shoes for retail sale are included. Sales of footwear are very much dictated by fashion trends, and shoes that are out of fashion typically have to be heavily discounted. Also make sure that any glues and so on are within their 'use by' date
  • if you are paying for goodwill, to what extent does this depend on the skills or personality of the seller - for example, the existing proprietor may be a specialist repairer of unusual footwear

Customer sitting on bench receiving treatment from physiotherapist

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Shoe Store Business Plan Template

Written by Dave Lavinsky

Shoe Store Business Plan

You’ve come to the right place to create your Shoe Store business plan.

We have helped over 1,000 entrepreneurs and business owners create business plans and many have used them to start or grow their Shoe Store businesses.

Below is a template to help you create each section of your Shoe Store business plan.

Executive Summary

Business overview.

Sports Express is a startup athletic shoe company located in Austin, Texas. The company is founded by Don Harrison who has experience in selling and marketing shoes. Now, with the expertise of knowledge and business acumen, Don has determined he can confidently start and effectively grow a successful athletic shoe company. Don believes his experience of strategic growth, marketing skills, financial capabilities, and wide and deep knowledge of shoe sales and marketing practices will provide everything needed for long-term growth and profitability.

Sports Express will provide a comprehensive array of athletic shoes for a wide variety of clients. Sports Express will be the largest athletic shoe store in Austin, providing services and products to each client while supporting the strategic goals of the company. Sports Express will be the ultimate choice in Austin for customers to ensure that every desire of the customer for excellent athletic shoes is fully and completely met.

Product Offering

The following are the products and services that Sports Express will provide:

  • Personalized shoe sizing service
  • Express delivery of shoes ordered online
  • 24/7 reservation system to place shoes “on hold”
  • Wide selection of shoes for men, women and children
  • Coordinated nationwide search for select high-end shoes
  • Every well-known brand of athletic shoes held in inventory
  • Online ordering system and website assistance

Customer Focus

Sports Express will target all individuals in the greater Austin region. They will target men and women athletes who play traditional and on-trend sports. They will target men and women who enjoy recreational activities. They will also target children who play traditional and on-trend sports. They will target children who play recreational activities. They will target teams, leagues and sports organizations. They will target public and private schools. No matter the customer, Sports Express will deliver the best service, products and profits.

Management Team

Sports Express will be owned and operated by Dan Harrison. He recruited his former associate, Taylor Anderson, to be his Retail Manager, assisting customers and overseeing the retail business in operations. He also recruited his sister, Tami Harrison, to be the bookkeeper and back office manager for the company.

Dan Harrison holds a ten-year history of sales and marketing athletic shoes on behalf of a national chain of stores. During his employment, he was often given the yearly award of “Highest Sales Achievement,” and he secured the highest sales commission for three of the past ten years. His customers enjoyed his assistance and thorough knowledge of athletic shoes and many have now promised to move with him when he opens his Sports Express business.

Taylor Anderson is a former athletic business manager, overseeing operations in three retail stores on behalf of a national chain of stores. He is well-known for his excellent management of the sales staff, as well as his courteous manner with customers, always offering the highest level of expertise and care in operations.

Tami Harrison is a graduate of Texas A & M University, where she earned her bachelor’s degree in retail finance. She was recently promoted from her former position as an account manager in a national finance company, but chose to follow her brother, Dan, in his well-developed plan to build and grow Sports Express.

Success Factors

Sports Express will be able to achieve success by offering the following competitive advantages:

  • Friendly, knowledgeable, and highly-qualified team at Sports Express
  • Comprehensive selection of athletic and sporting shoes for all ages
  • Customized online service and express delivery of online orders
  • Specialized shoe sizing in-store service
  • Sports Express offers the best pricing in town. Their pricing structure is the most cost effective compared to the competition.

Financial Highlights

Sports Express is seeking $200,000 in debt financing to launch its Sports Express business. The funding will be dedicated toward securing the store space and purchasing shoe inventory and supplies. Funding will also be dedicated toward three months of overhead costs to include payroll of the staff, rent, and costs for the print ads and marketing costs. The breakout of the funding is below:

  • Store space build-out: $20,000
  • Store equipment, supplies, and materials: $10,000
  • Three months of overhead expenses (payroll, rent, utilities): $150,000
  • Marketing costs: $10,000
  • Working capital: $10,000

The following graph outlines the financial projections for Sports Express.

Sports Express Pro Forma Projections

Company Overview

Who is sports express.

Sports Express is a newly established, full-service athletic shoe retail business in Austin, Texas. Sports Express will be the most reliable, fully-stocked, and well-staffed choice for athletic and sporting shoes in Austin and the surrounding communities. Sports Express will provide a comprehensive menu of products and services for any individual to utilize. Their full-service approach includes a comprehensive set of customized services and online offers.

  Sports Express will be able to effectively market and sell all major brand athletic and sports shoes. The team of professionals are highly qualified and experienced in selling athletic and sports shoes, along with accessories that complement shoes. Sports Express removes all headaches and issues of finding top-quality athletic shoes and ensures all issues of shoe-shopping and selection are taken care of expeditiously while delivering the best customer service.

Sports Express History

Sports Express is owned and operated by Dan Harrison, a former retail shoe company division manager. He has a business administration degree from the University of Washington and has worked within a national chain store company for ten years, effectively selling and marketing all major brands of shoes. Dan’s tenure in the national chain has given him the skills and knowledge required to venture out on his own and start his own company. While employed by the national chain business, Dan earned the trust and respect of customers and company associates alike, with many of them determined to follow Dan as he opens his new business.

Since incorporation, Sports Express has achieved the following milestones:

  • Registered Sports Express, LLC to transact business in the state of Texas.
  • Has a contract in place for a 10,000 square foot store in Austin’s newest shopping mall
  • Reached out to numerous contacts to announce the formation of Sports Express
  • Began recruiting a management staff of four and four sales associates to work at Sports Express

Sports Express Products & Services

The following will be the products and services Sports Express will provide:

Industry Analysis

The retail shoe industry is expected to grow over the next five years to over $304 billion. The growth will be driven by an increased interest in consumers to engage in athletic activities for both professional and personal reasons. This growing interest will result in the further development of shoe types to meet specific trends. The growth will also be driven by consumers who will choose individualized shoe designs and preferences as they achieve athletic goals. Over the next five years, technology will increase to include personalized services and shoe fit, which will also drive increased sales based on personal preferences.

Costs will likely be reduced as technology continues to evolve in manufacturing, providing customization in the make and model of athletic shoes, which allows customers to have a specialized shoe made personally to fit their own feet. Costs will also be reduced by the increase of manufactured athletic shoes. Costs will be reduced by advances in technology and software that increases productivity at the manufacturing level.

Customer Analysis

Demographic profile of target market.

    Total population1,680,988100%
        20 to 24 years114,8726.8%
        25 to 34 years273,58816.3%
        35 to 44 years235,94614.0%
        45 to 54 years210,25612.5%
        55 to 59 years105,0576.2%
        60 to 64 years87,4845.2%
        65 to 74 years116,8787.0%
        75 to 84 years52,5243.1%

Customer Segmentation

Sports Express will primarily target the following customer profiles:

  • Individuals of all ages who seek athletic or sports-related footwear
  • Individuals who play professional sports
  • Children and teens who play in organized sports
  • Schools and league organizations that support sports teams

Competitive Analysis

Direct and indirect competitors.

Sports Express will face competition from other companies with similar business profiles. A description of each competitor company is below.

The Outdoor Shoe Company

The Outdoor Shoe Company was formed in 1998 in Austin, Texas by Joe and Elise Cummings to provide selected shoe styles and types for those individuals who enjoy being outdoors. This includes customers seeking sports shoes, athletic shoes, recreational shoes for hunting, hiking, and shoes for water-based activities. The Outdoor Shoe Company started with one retail store and has now grown to over 20 retail stores throughout the state of Texas.

The Outdoor Shoe Company leadership team is determined to undercut the price of all competitors and the company does so, with certain exceptions, by contracting with manufacturers to sell overstocks and lightly-scuffed or “incorrect” shoes. The prices at The Outdoor Shoe Company are lower than their competitors; however, consumers are made aware that the shoes may be lacking in fit or cosmetic looks based on the purchasing premise.

Randall & Rodney Men’s Shoes

Randall & Rodney Men’s Shoes is a chain of shoe stores within Austin, Texas. The owners, Randall Marsten and Rodney Marsten, graduated from Texas A & M University, where they played on the football team representing the university throughout their school years there. Randall and Rodney determined that the business scheme that would work best for entrepreneurs would be a high-end men’s shoe company, offering multiple brands of shoes within the best shoe categories, including athletic and sports shoes.

There are four Randall & Rodney Men’s Shoe stores throughout Austin, with the majority of customers purchasing shoes that are made in Italy of leather with custom shoe soles that reflect the finest composition. The athletic shoe and sporting shoe sales occupy approximately one-fifth of all shoe sales and the brands carried within the store, while highly-sought, do not reflect the entire lines of shoes available to customers at lower price points.

Big 6 Shoe Company

Owned and operated by Sol Cordoza, the Big 6 Shoe Company carries the most well-known family brands of shoes within the Austin region. The pricing of inventory offers moderate costs for mid-range shoes and, while inventory does not include all high-end manufacturers, the Big 6 Shoe Company has established contracts with several youth sports organizations to supply soccer shoes, football shoes, and baseball shoes for students. This arm of the company has led to a major source of profit for the Big 6 Shoe Company. There are two retail stores within the company, both situated near malls and both approximately 10,000 square feet in size. Sol Cordoza began his company when his former employer of five years went out of business in the retail shoe market and Sol bought out the inventory and set up his own store.

Competitive Advantage

Sports Express will be able to offer the following advantages over their competition:

  • Sports Express offers the best pricing in town. Their pricing structure is the most cost-effective compared to the competition.

Marketing Plan

Brand & value proposition.

Sports Express will offer the unique value proposition to its clientele:

  • Highly-qualified team of skilled employees who are able to provide a comprehensive package of products and service
  • Customized services that guarantee customer satisfaction
  • Online sales with generous stock inventory and availability
  • Discounts for families and loyal customers
  • Unbeatable pricing to its clients; they will offer the lowest pricing in the city.

Promotions Strategy

The promotions strategy for Sports Express is as follows:

Word of Mouth/Referrals

Dan Harrison has built up an extensive list of contacts over the years by providing exceptional service and expertise to his retail shoe clients. The contacts and clients will follow him to his new company and help spread the word of Sports Express.

Professional Associations and Networking

The management team of Sports Express will join all citywide organizations that represent opportunities for networking, including city and county associations. They will also join professional business organizations and non-profit foundations that support youth sports clubs and league play.

Print Advertising

Two weeks prior to the launch date, Sports Express will send a direct mail piece to every home, school and business within the greater Austin area, offering special discounts and incentives to prospective customers. Sports Express will also offer a discount to schools and sports groups during the first month of business that will offer additional price cuts for teams.

Website/SEO Marketing

Sports Express will fully utilize their website. The website will be well organized, informative, and list all the products and services that Sports Express provides. The website will also list their contact information and allow customers to order shoes online with express shoe delivery. Trained staff will answer calls and website questions on a 24/7 basis. The website will engage in SEO marketing tactics so that anytime someone types in the Google or Bing search engine “athletic shoe company” or “sports shoes near me,” Sports Express will be listed at the top of the search results.

The pricing of Sports Express will be moderate and on par with competitors so customers feel they receive excellent value when purchasing their services.

Operations Plan

The following will be the operations plan for Sports Express. Operation Functions:

  • Dan Harrison will be the owner and President of the company. Dan will oversee all staff and manage client relations. Dan has spent the past year recruiting the following staff:
  • Sherri Rydell, Office Manager who will manage the office administration, client files, and accounts payable.
  • Tami Harrison, Staff Accountant will provide all client accounting, tax payments, and monthly financial reporting.
  • Adele Townsend, Marketing Manager who will provide all marketing for Sports Express and each client it serves.


Sports Express will have the following milestones completed in the next six months.

  • 5/1/202X – Finalize contract to lease retail space
  • 5/15/202X – Finalize personnel and staff employment contracts for Sports Express
  • 6/1/202X – Finalize contracts for Sports Express vendors
  • 6/15/202X – Begin networking at industry events
  • 6/22/202X – Begin moving into Sports Express retail store
  • 7/1/202X – Sports Express opens its doors for business

Sports Express will be owned and operated by Dan Harrison. He recruited his former associate, Taylor Anderson, to be his Retail Manager, assisting customers and overseeing the retail business in operations. He also recruited his sister, Tami Anderson, to be the bookkeeper and back office manager for the company.

Financial Plan

Key revenue & costs.

The revenue drivers for Sports Express are the fees they will charge to customers for their products and services.

The cost drivers will be the overhead costs required in order to staff Sports Express. The expenses will be the payroll cost, rent, utilities, store supplies, and marketing materials.

Funding Requirements and Use of Funds

Sports Express is seeking $200,000 in debt financing to launch its athletic shoe company. The funding will be dedicated toward securing the store space and purchasing office equipment and supplies. Funding will also be dedicated toward three months of overhead costs to include payroll of the staff, rent, and marketing costs for the print ads and association memberships. The breakout of the funding is below:

Key Assumptions

The following outlines the key assumptions required in order to achieve the revenue and cost numbers in the financials and in order to pay off the startup business loan.

  • Number of Customers Per Month: 800
  • Average Revenue per Month: $94,500
  • Office Lease per Year: $100,000

Financial Projections

Income statement.

FY 1FY 2FY 3FY 4FY 5
Total Revenues$360,000$793,728$875,006$964,606$1,063,382
Expenses & Costs
Cost of goods sold$64,800$142,871$157,501$173,629$191,409
Initial expenditure$10,000$0$0$0$0
Total Expenses & Costs$291,815$416,151$454,000$483,240$514,754
EBITDA$68,185 $377,577 $421,005 $481,366 $548,628
Depreciation$27,160$27,160 $27,160 $27,160 $27,160
EBIT$41,025 $350,417 $393,845$454,206$521,468
Interest$23,462$20,529 $17,596 $14,664 $11,731
PRETAX INCOME$17,563 $329,888 $376,249 $439,543 $509,737
Net Operating Loss$0$0$0$0$0
Use of Net Operating Loss$0$0$0$0$0
Taxable Income$17,563$329,888$376,249$439,543$509,737
Income Tax Expense$6,147$115,461$131,687$153,840$178,408
NET INCOME$11,416 $214,427 $244,562 $285,703 $331,329

Balance Sheet

FY 1FY 2FY 3FY 4FY 5
Accounts receivable$0$0$0$0$0
Total Current Assets$184,257$381,832$609,654$878,742$1,193,594
Fixed assets$180,950$180,950$180,950$180,950$180,950
Depreciation$27,160$54,320$81,480$108,640 $135,800
Net fixed assets$153,790 $126,630 $99,470 $72,310 $45,150
TOTAL ASSETS$338,047$508,462$709,124$951,052$1,238,744
Debt$315,831$270,713$225,594$180,475 $135,356
Accounts payable$10,800$11,906$13,125$14,469 $15,951
Total Liability$326,631 $282,618 $238,719 $194,944 $151,307
Share Capital$0$0$0$0$0
Retained earnings$11,416 $225,843 $470,405 $756,108$1,087,437
Total Equity$11,416$225,843$470,405$756,108$1,087,437
TOTAL LIABILITIES & EQUITY$338,047$508,462$709,124$951,052$1,238,744

Cash Flow Statement

FY 1FY 2FY 3FY 4FY 5
Net Income (Loss)$11,416 $214,427 $244,562 $285,703$331,329
Change in working capital($19,200)($1,966)($2,167)($2,389)($2,634)
Depreciation$27,160 $27,160 $27,160 $27,160 $27,160
Net Cash Flow from Operations$19,376 $239,621 $269,554 $310,473 $355,855
Net Cash Flow from Investments($180,950)$0$0$0$0
Cash from equity$0$0$0$0$0
Cash from debt$315,831 ($45,119)($45,119)($45,119)($45,119)
Net Cash Flow from Financing$315,831 ($45,119)($45,119)($45,119)($45,119)
Net Cash Flow$154,257$194,502 $224,436 $265,355$310,736
Cash at Beginning of Period$0$154,257$348,760$573,195$838,550
Cash at End of Period$154,257$348,760$573,195$838,550$1,149,286

Shoe Store Business Plan FAQs

What is a shoe store business plan.

A shoe store business plan is a plan to start and/or grow your shoe store business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections. You can easily complete your Shoe Store business plan using our Shoe Store Business Plan Template here .

What are the Main Types of Shoe Store Businesses?

There are a number of different kinds of shoe store businesses, some examples include: Athletic shore store, Luxury shoe store, Budget shoe store, and Orthopedic shoe store.

How Do You Get Funding for Your Shoe Store Business Plan?

Shoe Store businesses are often funded through small business loans. Personal savings, credit card financing and angel investors are also popular forms of funding.

What are the Steps To Start a Shoe Store Business?

Starting a shoe store business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster. 1. Develop A Shoe Store Business Plan - The first step in starting a business is to create a detailed shoe store business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast. 2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your shoe store business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your shoe store business is in compliance with local laws. 3. Register Your Shoe Store Business - Once you have chosen a legal structure, the next step is to register your shoe store business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws. 4. Identify Financing Options - It’s likely that you’ll need some capital to start your shoe store business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms. 5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations. 6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events. 7. Acquire Necessary Shoe Store Equipment & Supplies - In order to start your shoe store business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation. 8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your shoe store business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising.

Learn more about how to start a successful shoe store business:

  • How to Start a Shoe Store


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How to write a business plan for your shoe store.

business plan for a shoe store

Starting a shoe store is a great idea because it allows entrepreneurs to capitalize on the growing demand for shoes and create a unique shopping experience for customers.

Additionally, there are many different ways to market a shoe store and generate revenue, making it a potentially lucrative business venture.

But, before that, you need a business plan.

Creating a business plan is essential for any new project, as it helps to define the goals and objectives of the project, as well as the resources and strategies needed to bring it to fruition. A well-crafted business plan can also help to secure necessary funding for the project.

In short, a good business plan will help ensure the profitability of your shoe store .

What should be outlined in the business plan for a shoe store? How can it be effectively planned? What financial numbers should be included? What are some ways to build a solid business plan without investing excessive time?

Stay with us: we will answer all these questions!

One last thing: starting your business plan from scratch is not required.

Feel free to download our customizable business plan for a shoe store and adapt it to suit your business needs.

business plan shoe shop

Elaborating a business plan for a shoe store

Is it worth considering a business plan for your shoe store.

Yes, you should definitely consider creating a business plan for your shoe store.

Constructing a sound business plan will empower you to:

  • learn about the shoe store market
  • stay on top of the industry's emerging trends
  • highlight what makes a shoe store thriving
  • understand the latest shoe trends and customer preferences in footwear
  • come up with a winning value proposition for your footwear boutique
  • evaluate competitive strategies
  • explore strategic advantages for your shoe store
  • find a business model that will make you profitable
  • formulate a resilient strategy to achieve success in the short and long-term
  • assess potential risks involved in operating a shoe store, such as inventory management, changing fashion trends, and customer preferences

Our team has created a business plan for a shoe store that is designed to make it easier for you to achieve all the elements listed.

How to organize a business plan for a shoe store?

A business plan presents a wide range of information, content, numbers, and financial data. It is important to have an orderly format for smooth reading and comprehension.

When we made our business plan for a shoe store , we structured it in a proper way.

We've divided it into 5 sections (Opportunity, Project, Market Research, Strategy and Finances).

1. Market Opportunity

The first section is titled "Market Opportunity."

In this section, you will find valuable information and market trends for shoe stores, including footwear fashion, customer preferences, inventory management, and marketing strategies, guiding entrepreneurs in establishing successful and stylish shoe retail businesses.

The data here is always up to date; we update it biannually.

2. Project Presentation

The "Project" section provides an opportunity to describe your shoe store, highlighting the variety of footwear options available, including brands, styles, and sizes. You can also mention your knowledgeable staff, personalized fitting services, return policy, and the unique value proposition that ensures comfortable and fashionable footwear for your customers.

Also, provide a self-introduction at the end of this section.

Discuss your love for footwear, your range of shoe styles and brands, and how you plan to create a stylish and customer-centric shoe shopping experience. Highlight your knowledgeable staff, your comfortable fitting services, and your dedication to providing exceptional customer service that helps individuals find the perfect pair of shoes that express their style and elevate their confidence at your shoe store.

We created language in our business plan. Customize it to fit your idea perfectly.

3. Market Research

Next up is the "Market Research" section.

This section describes the target audience for your shoe store.

It includes a comprehensive analysis of competitors in the footwear industry and emphasizes your store's unique shoe selections and competitive advantages.

A tailored SWOT analysis is provided as well.

4. Strategy

The "Strategy" section presents a comprehensive 3-year action plan, outlining the initiatives and actions required to make your shoe store a highly profitable venture.

Furthermore, you'll find a marketing strategy, a risk management approach, and a Business Model Canvas tailored to a shoe store in this section.

5. Finances

In the end, the section titled "Finances" is where you can present the financial plan and breakdown for your project.

business plan shoe store

How to make the Executive Summary for a shoe store?

The Executive Summary is like an introduction to the business plan for your shoe store.

Make it short and focused, with a maximum of 2 pages. Include only the key features.

This is the opening statement that the bank will read first when you show them your business plan. It should make them interested and want to read the rest of the plan.

In the Executive Summary of your shoe store, answer these questions: what products does your shoe store offer? who is your target audience? are there other shoe stores in the area? what funding do you need?

How to do the market analysis for a shoe store?

Conducting a market study for your shoe store enables you to grasp external factors like customer demands for footwear, competition within the retail industry, and emerging trends in shoe fashion and design.

By conducting an extensive market analysis, a shoe store can understand customer preferences, offer a variety of stylish and comfortable footwear, optimize pricing strategies, and execute targeted marketing campaigns, ultimately leading to a loyal customer base, increased sales, and a prominent position in the local shoe retail market.

You'll discover the following in the "Market Research" section of our business plan for a shoe store :

  • interesting data points and market insights about shoe stores, including footwear fashion trends, shoe sales figures, and the impact of online shoe retailers
  • a compilation of potential market segments for a shoe store
  • the competitor study
  • the potential competitive advantages for a shoe store

business plan shoe store

The key points of the business plan for a shoe store

What's the business model of a shoe store, business model of a shoe store.

A shoe store's business model revolves around selling a variety of footwear for different styles and purposes to customers. Revenue is generated through shoe sales, potentially offering additional services such as shoe fittings or repairs.

The business model focuses on offering a diverse selection of shoe brands and styles, providing exceptional customer service, creating an inviting store environment, effective marketing to target shoe enthusiasts, and building strong customer relationships based on trust and footwear expertise.

Success depends on staying updated with footwear trends, fostering relationships with shoe suppliers or brands, fostering positive customer experiences and recommendations, and continuously offering new and exclusive shoe products that cater to different customer needs, preferences, and fashion trends.

Business model ≠ Business plan

Business plan and "business model" are not interchangeable, so be careful.

A business model is a framework that demonstrates how a company operates profitably and adds value to customers.

In a business plan, you leverage the Business Model Canvas as a user-friendly framework to illustrate the structure of your business.

Rest assured, there is a Business Model Canvas (already completed) in our business plan for a shoe store .

How do you identify the market segments of a shoe store?

Market segmentation for your service provider business involves dividing your potential clients into different groups based on their service needs, industries, and preferences.

These categories may include factors such as business services, home services, personal services, or clients seeking specific service specialties (e.g., consulting, maintenance, coaching).

By segmenting your market, you can offer specialized services and solutions that cater to each segment's specific requirements. For example, you might focus on business services and provide consulting, marketing, or IT solutions for companies, offer a range of home services such as cleaning, repairs, or landscaping for homeowners, specialize in personal services such as coaching, tutoring, or wellness services, or focus on specific service specialties to address the needs of clients, such as accounting services, legal services, or event planning.

Market segmentation allows you to effectively target your marketing efforts, communicate your expertise and the benefits of your services, and provide reliable and tailored solutions that meet the unique needs and preferences of each client segment.

In the business plan for a shoe store , you will find a comprehensive market segmentation that will help you identify your potential customers.

How to conduct a competitor analysis for a shoe store?

Without surprise, you won't be the only shoe store in your market. There will be other retailers offering a variety of footwear options for men, women, and children.

Your business plan should involve a close examination of your competitors, assessing their strengths, weaknesses, and key qualities.

Take stock of their weaknesses (such as limited shoe selection, inadequate sizing options, or poor customer service).

Why should you pay attention to these points? Because these weaknesses can impact customer satisfaction when shopping at shoe stores. By addressing these aspects, you can offer a diverse range of high-quality and fashionable shoes, provide expert fitting and sizing assistance, and deliver exceptional customer service, positioning your shoe store as a go-to destination for footwear that combines style and comfort.

It's what we call competitive advantages—invest in cultivating them for a standout business.

Here are some examples of competitive advantages for a shoe shop: wide variety of footwear options, expert shoe fitting services, exceptional customer care.

How to draft a SWOT analysis for a shoe shop?

A SWOT analysis can help identify the strengths, weaknesses, opportunities, and threats of starting a shoe store, which can be used to develop a successful business strategy.

As you can guess, there is indeed a completed and editable SWOT matrix in our business plan for a shoe store

The strengths for a shoe store

The "S" in SWOT represents Strengths, indicating the project's internal factors that set it apart from competitors.

For a shoe store, possible strengths could include a wide variety of sizes, a broad selection of styles, knowledgeable staff, and competitive pricing.

The weaknesses for a shoe store

The "W" symbolizes Weaknesses, indicating the specific areas or aspects of the project that need some attention.

For a shoe store, potential weaknesses could include a limited selection, limited sizes, inadequate customer service, and high prices.

The opportunities for a shoe store

When we refer to the "O" in SWOT, we are talking about Opportunities, which are positive external circumstances for the project.

In the case of a shoe store, potential opportunities could include offering exclusive online sales, providing custom shoe fittings, offering a loyalty program, and expanding into new markets.

The threats for a shoe store

When we mention the "T" in SWOT, we're referring to Threats, which are the external risks or negative factors that can impact the project's performance.

How to develop a marketing plan for a shoe shop?

Developing a marketing strategy enables entrepreneurs to establish clear marketing objectives and measure their progress towards achieving them.

A shoe shop can attract footwear enthusiasts by developing an effective marketing approach that highlights the shop's wide selection of fashionable and comfortable shoes, including popular brands and limited-edition releases.

Shoe enthusiasts won't shop at your shoe shop without effective marketing; showcasing the stylish and comfortable footwear options, variety of brands, and excellent customer service is necessary.

Have you explored marketing approaches to attract customers to your shoe shop? Consider offering personalized shoe fittings or consultations, showcasing the latest shoe styles and trends on social media, and running targeted advertising campaigns to reach your target audience.

Don't worry if you have no knowledge of marketing and communication.

How to build financial projections for a shoe shop?

A solid business plan must include detailed financial information such as projected income, expenses, cash flow, and balance sheets.

As part of your business plan, it will be necessary to forecast the revenue for your shoe store.

It's important to create a revenue forecast that is relevant and trustworthy.

Our financial plan for a shoe store is easy to use and includes built-in checks to help you identify and correct any assumptions, ensuring you create reliable projections with confidence.

It goes without saying that you should create a preliminary budget for launching your shoe store. Double-check that you haven't missed any expenses. If you have a doubt, we have listed them all in our financial plan!

By conducting a break-even analysis, you can assess whether your shoe store will be profitable or not.

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How to start a Shoe Repair Business?

Explore Options to Get a Business Plan.

Shoe Repair Business

Are you interested in starting your own Shoe Repair Business?

AI-Powered Business Plans starting from $10

Why write a business plan?

  • Business Plans can help to articulate and flesh out the business’s goals and objectives. This can be beneficial not only for the business owner, but also for potential investors or partners
  • Business Plans can serve as a roadmap for the business, helping to keep it on track and on target. This is especially important for businesses that are growing and evolving, as it can be easy to get sidetracked without a clear plan in place.
  • Business plans can be a valuable tool for communicating the business’s vision to employees, customers, and other key stakeholders.
  • Business plans are one of the most affordable and straightforward ways of ensuring your business is successful.
  • Business plans allow you to understand your competition better to critically analyze your unique business proposition and differentiate yourself from the market.
  • Business Plans allow you to better understand your customer. Conducting a customer analysis is essential to create better products and services and market more effectively.
  • Business Plans allow you to determine the financial needs of the business leading to a better understanding of how much capital is needed to start the business and how much fundraising is needed.
  • Business Plans allow you to put your business model in words and analyze it further to improve revenues or fill the holes in your strategy.
  • Business plans allow you to attract investors and partners into the business as they can read an explanation about the business.
  • Business plans allow you to position your brand by understanding your company’s role in the marketplace.
  • Business Plans allow you to uncover new opportunities by undergoing the process of brainstorming while drafting your business plan which allows you to see your business in a new light. This allows you to come up with new ideas for products/services, business and marketing strategies.
  • Business Plans allow you to access the growth and success of your business by comparing actual operational results versus the forecasts and assumptions in your business plan. This allows you to update your business plan to a business growth plan and ensure the long-term success and survival of your business.

Business Plan Content

  • Executive Summary
  • Company Overview
  • Industry Analysis
  • Consumer Analysis
  • Competitor Analysis & Advantages
  • Marketing Strategies & Plan
  • Plan of Action
  • Management Team

The financial forecast template is an extensive Microsoft Excel sheet with Sheets on Required Start-up Capital, Salary & Wage Plans, 5-year Income Statement, 5-year Cash-Flow Statement, 5-Year Balance Sheet, 5-Year Financial Highlights and other accounting statements that would cost in excess of £1000 if obtained by an accountant.

The financial forecast has been excluded from the business plan template. If you’d like to receive the financial forecast template for your start-up, please contact us at [email protected] . Our consultants will be happy to discuss your business plan and provide you with the financial forecast template to accompany your business plan.

Instructions for the Business Plan Template

To complete your perfect Shoe Repair business plan, fill out the form below and download our Shoe Repair business plan template. The template is a word document that can be edited to include information about your Shoe Repair business. The document contains instructions to complete the business plan and will go over all sections of the plan. Instructions are given in the document in red font and some tips are also included in blue font. The free template includes all sections excluding the financial forecast. If you need any additional help with drafting your business plan from our business plan template, please set up a complimentary 30-minute consultation with one of our consultants.

Ongoing Business Planning

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Shoe Repair Business Plan Template FAQs

What is a business plan for a/an shoe repair business, how to customize the business plan template for a shoe repair business, what financial information should be included in a shoe repair business plan, are there industry-specific considerations in the shoe repair business plan template, how to conduct market research for a shoe repair business plan, what are the common challenges when creating a business plan for a shoe repair business, how often should i update my shoe repair business plan, can i use the business plan template for seeking funding for a shoe repair business, what legal considerations are there in a shoe repair business plan.

How to Start a Shoe Business

How to Start a Shoe Business: Step-by-Step Guide

Are you passionate about shoes and dream of starting your own business in the footwear industry? If so, you’re in the right place. In this comprehensive guide, we’ll walk you through the essential steps to start a successful shoe business. From market research to brand building, we’ve got you covered.

Starting a shoe business is no small feat, but with the right strategy and dedication, you can turn your passion into a profitable venture. Let’s dive in and explore how you can start your shoe business from scratch.

Market Research: Identifying Your Niche

Before diving headfirst into the shoe business, it’s crucial to conduct thorough market research. Identify your target audience, analyze your competitors, and pinpoint your niche within the footwear industry. Are you focusing on athletic shoes, luxury fashion footwear, or eco-friendly options? Understanding your niche will help you tailor your products and marketing efforts accordingly.

  • Research current market trends and consumer preferences
  • Identify gaps in the market for potential opportunities
  • Analyze competitor strategies and pricing models
  • Define your unique selling proposition (USP) to differentiate your brand

Creating a Business Plan: Setting Your Foundation

A solid business plan is the blueprint for your shoe business. Outline your goals, financial projections, marketing strategies, and operational plans in detail. Consider factors such as production costs, distribution channels, and target sales figures. Your business plan will guide your decisions and keep you on track as you launch and grow your shoe business.

Key Components:

  • Executive summary outlining your business objectives
  • Market analysis and competitive landscape
  • Product line overview and pricing strategy
  • Marketing and sales tactics to reach your target audience
  • Financial projections and budgeting for sustainable growth

Manufacturing and Sourcing: Quality Matters

Quality is paramount when it comes to footwear. Whether you choose to manufacture your shoes locally or outsource production overseas, ensure that your products meet high standards of craftsmanship and durability. Source high-quality materials, collaborate with skilled shoemakers, and prioritize ethical and sustainable practices in your supply chain.

Key Considerations:

  • Establish relationships with reliable suppliers for raw materials
  • Prototype and test your shoe designs for comfort and functionality
  • Monitor production processes to maintain product quality and consistency
  • Implement quality control measures to uphold brand reputation

Building a Brand: Connecting with Your Audience

Your brand is more than just a logo; it’s the essence of your shoe business. Develop a strong brand identity that resonates with your target audience and sets you apart from competitors. Define your brand values, story, and aesthetics to create a cohesive brand experience across all touch points, from packaging to social media.

Brand Building Strategies:

  • Develop a compelling brand narrative that shares your company’s story and mission
  • Create a distinctive visual identity through logos, color schemes, and packaging design
  • Cultivate a loyal community of brand ambassadors through social media and influencer partnerships
  • Maintain brand consistency in all communication channels to build trust and loyalty

Marketing and Sales: Getting Your Shoes Noticed

Once you’ve perfected your shoe designs and brand image, it’s time to shout it from the rooftops. Implement a robust marketing and sales strategy to promote your shoes and attract customers. Utilize digital marketing channels, such as social media, email campaigns, and influencer collaborations, to create buzz around your products and drive sales.

Marketing Tactics:

  • Launch targeted advertising campaigns to reach your ideal customers
  • Utilize search engine optimization (SEO) to improve online visibility and drive organic traffic
  • Collaborate with fashion bloggers and industry influencers for product reviews and endorsements
  • Host pop-up events, trunk shows, or collaborate with retailers to showcase your shoes

Also Read: How to Start a Small Clothing Business from Home

Customer Satisfaction: The Key to Success

In the competitive landscape of the shoe industry, customer satisfaction is paramount. Focus on providing exceptional customer service, listening to feedback, and building long-lasting relationships with your customers. Encourage repeat purchases and positive word-of-mouth by delivering high-quality products and personalized experiences that exceed expectations.

Customer Retention Strategies:

  • Implement a customer loyalty program to reward repeat purchases
  • Collect feedback through surveys and reviews to improve product offerings and service
  • Offer seamless shopping experiences through user-friendly websites and responsive customer support
  • Engage with customers on social media and respond to inquiries promptly

Costs and Investments for Starting a Small Shoe Business:

CategoryCost Range (USD)Description
$1,000 – $10,000Includes design software, sketches, prototypes, pattern making, samples, technical drawings
$5,000 – $25,000Depends on number of styles, complexity, materials, minimum order quantities, and manufacturer location
$500 – $5,000 , , social media presence, influencer outreach, advertising
$100 – $500Business registration, licenses, permits, insurance
$50 – $500Monthly subscription for online store platform (e.g., Shopify)
$1,000 – $5,000Product photos, lifestyle videos for marketing
$1,000 – $5,000Depends on packaging materials, shipping supplies, and shipping rates
$500 – $5,000Custom website design for branding and sales
$50 – $500Software to track inventory levels and orders
$50 – $500Software to automate marketing tasks like email campaigns
$500 – $5,000Participation in industry events for networking and promotion
$100 – $500Additional costs like domain name, marketing tools, office supplies

Total Investment: $9,650 – $53,000 (estimated range)

Note: This is a general guideline, and the actual costs can vary significantly depending on several factors, including:

  • Type of shoes:  Simple sneakers will be cheaper to produce than intricate boots.
  • Quality of materials:  Leather will be more expensive than synthetic materials.
  • Manufacturing location:  Domestic production will be more expensive than overseas.
  • Business model:  Online only will be cheaper than having a physical store.
  • Marketing strategy:  Paid advertising will be more expensive than organic social media marketing.
  • Brand positioning:  High-end luxury shoes will require more investment in marketing and branding.

Starting a shoe business is a fulfilling journey that requires passion, perseverance, and strategic planning. By following these steps and staying true to your vision, you can turn your dream of entrepreneurship into a thriving reality. Remember, success in the shoe business lies in creating quality products, building a strong brand, and prioritizing customer satisfaction. Take the first step today and embark on the exciting adventure of starting your own shoe business.

Key Takeaways:

  • Conduct thorough market research to identify your niche and target audience
  • Create a comprehensive business plan to guide your decisions and strategies
  • Prioritize quality in manufacturing and sourcing to uphold brand standards
  • Build a compelling brand that resonates with customers and stands out in the market
  • Implement effective marketing and sales tactics to promote your shoes and drive sales
  • Focus on customer satisfaction to build loyalty and grow your business exponentially

Now that you have the knowledge and tools to jumpstart your shoe business, what are you waiting for? Lace up your entrepreneurial spirit and take the first step towards fulfilling your dream. Remember, the journey of a thousand steps begins with a single pair of shoes. Happy entrepreneuring!

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Starting a Shoe Repair Business


If you want to start a shoe repair business, you will need to possess the right skills and knowledge. You can take up classes or on the job training. After this, you can now work on your business plan.

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Start with a home business or lease out a small store space.

Aside from the clothes you wear everyday there is a need to wear the right shoes. You have to maintain clean feet. The only way to look presentable in any event or occasion that you’re attending is to wear the right shoes that fit your clothes. There are times when the shoes get damaged. The expensive ones can’t be thrown away after a few uses. If you know how to do some shoe repair, this can be a great way to earn some extra money. Don’t worry if you lack experience because you can take up classes on shoe repair in your local area.

How to Start a Shoe Repair Shop?

For this business, you will only need repair supplies and a good location. If it is possible, you can begin with a home business. You will need to get some tools, equipment, or machinery for the shoe repair. Make sure that you determine the services that you’re going to offer aside from simple shoe repair like hardware replacement or waterproofing. You must establish a price chart so your customers will know how much the repair will cost them.

There are usually zoning ordinances that you must follow and if it’s not possible to open a home-based business, you will need to find a small store space that you can lease out. Why don’t you check with clothing and shoe stores in your area? You can ask them if you can occupy a small space for shoe repair and pay a portion of the rent. Another way to make it easier for you to enter the industry is by joining SSIA or Shoe Service Institute of America. This can help in validating the business and meet other professionals that can provide support and advice.

You will need an assistant that you can train as you accept shoe repair projects. Secure a business license and inquire at the city office if there are special permits that you need to obtain. When the legal aspect is addressed, you can now focus on advertising. You can print out fliers that you can give away to busy streets or you can post some of them in community billboards, clothing stores, coffee shops, and shoe stores. You can also create a website so you can reach busy people who prefer to shop online. Try to create blogs and articles with relevant content so you can attract more customers. Even with a small business, you should start with a plan. That way, you can never go wrong and you will stay focused.


  • Frank Gorileng Kgope   said on February 9, 2013 My business is currently located in Modimong village, in South Africa. I am working from home in a small space, I am lacking start up capital for my business, which is soles, finishing machine, shoe repair machine, leather off cuts, leather board, shoe dyes, shoe polishes, tools and accessories as well as a suitable workshop. I started when I was 21 now I am 37 years old. I will make a lot of money from shoe repair is just that I am lacking availability or materials. I have more than 10 years experience in this field. I also make sandals, shoes, wallets, bags, and seat covering. I am looking for anyone to donate me some of materials. I am in South Africa. My contacts, +27797789821. Please help me, I don't want to regret for not starting this wealth creating business.
  • Zacharia Ntshwarisang   said on January 18, 2014 I WANT TO START A SHOE REPAIRS WHAT MACHINES I NEED AND THEIR COSTS
  • amal   said on February 21, 2014 shoe and bag repair business what kind of machine do i need thanks
  • Agba Wisdom   said on April 7, 2014 Am really interested in learning shoe am actually looking out for a place where i can learn. am in nigeria and my phone number is +2348172581599. Thanks.
  • Sibusiso   said on June 26, 2014 I'm interested in starting a shoes repair business but have no skill in repairing shoes so i want to acquire some skills
  • Emmanuel Uvietobo   said on December 4, 2014 Small experience. Kaduna, Kaduna, Nigeria. please help me for a proposal which I want present for screen in government open business opportunity.
  • Eddie   said on January 22, 2015 I would like to be assisted with a business plan for a shoe repair shop. I have very little experience and knowledge of tools or materials as well as machinery. Could you help please? Eddie
  • michelle stuard   said on April 21, 2015 my father is retiring from the shoe repair business and has equipment and supplies for sale please contact me with any info you may have about someone who wants to purchase these items
  • Phumulani   said on June 26, 2015 I'm i Soweto, once ran a shoe repair business, when I was in Limpopo for visit all my equipment was stolen and I have to start from scratch. I cannot find a place where to find new or used complete set of equipment again. Please help
  • Ernest   said on August 27, 2015 I am located in KIMBERLEY in the Northern Cape South Africa. I want to train people who are willing to be become a shoe cobbler. I start repairing shoe from 8 years I am now 45 years old. I am educated and want to train people who a passionate about cobbling. Ernest 0735099636
  • Yassar   said on October 9, 2015 Hello I'm looking for a professional high end shoe repair staff to join my company in Dubai.
  • Ayet Mkpo   said on November 14, 2015 I am setting up shoe repair operations as part of my dry-cleaning business in Nigeria. I require a competent cobbler to join my organization. Contact by email.
  • lawrence   said on March 21, 2016 Hi,would like to start a shoe repair business but need to know the kind of equipment and tools I need.i lack the skills but have knowledge on how to run a business.please help with this info and where to get the tools.honeydew,roodepoorte.
  • Timothy Smith   said on February 7, 2017 What's up I would like to start a shoeshine and repair business.
  • Chinnie   said on February 18, 2017 @yassar how did you start up your business. Could you please write me via mail [email protected]
  • Sfiso   said on April 8, 2018 I am interested in shoe repair business. Are there training institutions for this course is South Africa? If yes, please let me know.
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How to Start a Profitable Shoe Laundry Business [11 Steps]

Business steps:, 1. perform market analysis., are shoe laundry businesses profitable, 2. draft a shoe laundry business plan., how does a shoe laundry business make money, 3. develop a shoe laundry brand., how to come up with a name for your shoe laundry business, 4. formalize your business registration., resources to help get you started:, 5. acquire necessary licenses and permits for shoe laundry., what licenses and permits are needed to run a shoe laundry business, 6. open a business bank account and secure funding as needed., 7. set pricing for shoe laundry services., what does it cost to start a shoe laundry business, 8. acquire shoe laundry equipment and supplies., list of software, tools and supplies needed to start a shoe laundry business:, 9. obtain business insurance for shoe laundry, if required., 10. begin marketing your shoe laundry services., 11. expand your shoe laundry business..

Checklist For Starting A Shoe Repair Business

  • Post author By The Curious Scribbler
  • Post date April 3, 2023
  • No Comments on Checklist For Starting A Shoe Repair Business

1. Create a Business Plan: Developing an effective business plan is essential for starting a shoe repair business. Your business plan should include research into the industry, your target market, and any competitors you may have in the area. It should also include an overview of the products or services you will offer, a financial projection, and a marketing plan.

2. Choose a Business Structure: You will need to decide whether to structure your shoe repair business as an LLC, corporation, sole proprietorship or partnership. Depending on the type of business you are running and the number of owners, different structures may be more suitable for you.

3. Secure Financing: Depending on the size of your business and the type of services you offer, you may need to secure financing in order to cover start-up costs such as rent, equipment, materials and labor. You can look into bank loans, lines of credit, angel investors or venture capitalists for financing options.

4. Obtain Licensing and Permits: You will need to make sure you have the necessary licensing and permits for running a shoe repair business in your state. This may include registering your business name with your local government, obtaining a sales tax permit, or getting a vendor’s license if you plan on selling products or services.

5. Find Suppliers: You will need to find reliable suppliers who can provide you with the necessary materials and equipment for your business. This includes leather, adhesives, tools, etc. It is important to research different suppliers in order to get the best quality products at a reasonable price.

6. Choose a Location: Choosing an optimal location for your business is essential for success. This is important because it will affect your visibility, the number of customers you attract, and your overall profitability.

7. Market Your Business: Once you have all the necessary preparations in place, you will need to start marketing your business. You can do this through social media, advertising in local papers, or distributing flyers around town.

8. Hire Employees: If you plan on expanding your business, you may need to hire additional employees. You should make sure they have the necessary skills and experience in leather repair and are able to provide a high level of customer service.

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UK Small Business Startups and Funding

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  • Business Plan for Shoe Repair Shop

Shoe Repair Shop Small Business Idea and Business Plan

Starting your own small business in the UK isn’t easy but having a properly developed business plan will help you achieve success.

To start a Shoe Repair Shop business in the UK, take the time and explain the idea via a business plan.

Understanding all of the aspects of the business idea will be the key to getting the Shoe Repair Shop business running like a well-oiled machine. The business plan you develop will help you organize the elements needed into a strategy that you can actually use to startup, by paving a clear road map as to what you need to follow for the lifespan of your business.

Starting a Shoe Repair Shop business isn’t easy, but when done right, it can lead to a lot of success.

To help you get started, you can use the free business plan builder tool to develop your own Shoe Repair Shop business plan.

The business plan template is very easy to use, is interactive and will quickly and easily help you create your business plan just by answering the needed questions about your small business idea.

Create your own Shoe Repair Shop business plan for free using the Business Plan Builder

The free business plan template builder is divided into a few easy to follow steps.

The free business plan builder template is provided by to help you develop your own business plan. For step by step guidance, see the 5 steps below.

Once completed, the result will be a clean, professional plan that will help you start your own Shoe Repair Shop small business in the UK.

When you have completed your Shoe Repair Shop business plan, the next step will be to find available funding that will help, or to speak with a funding adviser who will assist you each step of the way to securing the needed funds to make your Shoe Repair Shop business startup.

If you are looking to limit your startup costs when starting up a Shoe Repair Shop small business in the UK, this free business plan builder tool will be it.

Starting a Shoe Repair Shop business is only one of the ways others have used this free business plan tool. There are hundreds of different ideas you can start, and if you need guidance, do reach out to a UKStartups expert to get the needed assistance and guidance.

Step 1. Your business information

To develop a proper Shoe Repair Shop business plan with the free business plan builder template, it is important to answer each of the questions about your business to the best of your abilities.

What is your business? What are the products/services you provide? Who are your customers? What are your goals…etc?

Having a clear explanation will help you create a in-depth business plan that you can actually use to start the Shoe Repair Shop business and to apply for needed funding to cover your startup costs.

Step 2. Projecting your revenues/income

The Shoe Repair Shop industry can have great results. Planning and projecting the financial figures to approximate what you will make each year is crucial to building a strong business plan.

What do you think your business will make from each of its products/services? Simply list your products/services, enter the appropriate financial figures (costs and expenses).

If you don’t have the figures, in many cases it is recommended to do a a bit more research on other Shoe Repair Shop businesses locally and within your own region to get an idea of potential revenue. You can do your best to estimate the figures and growth potential.

If you need assistance in projecting, you can always contact UK Startups funding experts for the help.

Step 3. Your business market

As a Shoe Repair Shop business, having a clear explanation of the market and industry that you are in will help you plan for the figure and will ensure you can take the business to the next level.

Explain your location of business, share specifics about your customers, showcase your competition and explain the advantages you have over your competition.

Step 4. The future plan

Starting your own Shoe Repair Shop business and getting it off the ground is important to you.

No matter if you’re planning on applying for government funding for your Shoe Repair Shop business or not, it is important to plan out the future and provide an explanation of how you will grow the business. This means explaining your marketing plan, your sales strategy and clearly outlining a growth plan for the next few years.

Be sure to break this down step by step to show how you intend on making sure your Shoe Repair Shop business can grow each year.

Keep in mind that often business plans are focused on key people. Be sure to discuss yourself, your role and any other key figures in the business as well.

Step 5. The financials

In the end, it all comes down to the financials. If you are seeking funding, or not – the business plan you develop needs to have clearly defined financials or projections. The business plan builder tool makes it easy to develop your financial charts by simply entering your expected revenues per month and year. If you don’t have the figures as it’s a new business be sure to project the figures based on your expectations. If you need help with this, ask the UK Startups experts .

A clear breakdown of your funding needs is also recommended in case you are seeking funding and this free business plan template will help you with exactly that. When developing your Shoe Repair Shop business plan using this free template, the above 5 steps are recommended in order to succeed. While there are other key points that will assist you in starting your business, finding funding...etc, the free template will help put you on the right path

Be sure to request a professional to review your business plan , to answer any questions you may have and to help you with the funding search once you’ve done the initial free template. You can request this directly via and through the Small Business Startup Platform as a member.

If starting a Shoe Repair Shop business is just one of your ideas, perhaps considering other options, here are some popular small business’s others have chosen to startup

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  • How Do You Buy Small Business Insurance?

How Much Will It Cost to Protect Your Business?

  • Bundled Insurance vs. Individual Coverage
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Business Insurance FAQ

Additional resources, business insurance.

Last Updated: March 27, 2024, 2:07 pm by TRUiC Team

Small businesses need insurance to protect themselves from a variety of risks, including natural disasters and lawsuits from employees and customers.

We'll help you find the right types of business insurance to fit your needs (and your budget).

Recommended: Next Insurance  is dedicated to matching small businesses with the right policies at the best price.

Small Business Insurance

Insurance companies use several factors to calculate your monthly premium. Some of the well-known aspects include: 

  • Type of coverage
  • Number of employees
  • Geographical location of your business
  • Financial stability 
  • Existing safety and security features of your building, equipment, and/or vehicles

It’s estimated that small businesses pay anywhere from $14–$124/month for any one kind of insurance coverage. 

Affordability is an important factor in choosing business insurance — take a look at our low-cost business insurance guide to learn more about pricing. Below is a chart that shows you the average cost of popular types of coverage:

General Liability Insurance $30 $360
Commercial Property Insurance $63 (median) $756 (median)
Inland Marine Insurance $14 (median) $169 (median)
Cyber Liability Insurance $123.75 $1,485
Business Interruption Insurance $40 $480
Workers Compensation $70 $840

Sources: AdvisorSmith, The Hartford, Hiscox, and Insureon

Compare Quotes Online

Use our dedicated small business insurance provider to generate a quick and accurate online quote created specifically for your small business.

Types of Business Insurance

The type of insurance your business needs will depend on what you do and the size of your business.

A good first line of defense — or rather, if you only were to choose one policy — then it should be general liability insurance . General liability will help protect your business against the most common risks like personal injury and property damage.

Other types of business insurance include:

Business Owner's Policy

Workers' Compensation Insurance

Commercial Property Insurance

Commercial Auto Insurance

Umbrella Insurance

Professional Liability Insurance

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Small Business Insurance by State

Business Insurance requirements can vary state by state. When looking at what business insurance you will need, as well as those that are highly recommended, be sure to familiarize yourself with your state’s requirements. Check out our guide on Business Insurance Requirements by State .

Let's Find the Coverage You Need

The best insurers design exactly the coverage you need at the most affordable price.

What is covered by business insurance?

Business insurance covers businesses from losses that can happen in the natural course of doing business. This can come from various situations, like property damage, lawsuits, loss of business income, bodily injury, fire, and more.

What you choose to get covered depends on your industry and the different types of policies you choose to take on for your business.

Do I really need business insurance?

Businesses need insurance for several reasons. Depending on the state they operate in, businesses may be required to get specific types of insurance like workers’ compensation . 

In addition to this, some businesses may refuse to work with you unless you carry your own insurance, as they do not want to assume the risks and liability for your work on their own insurance.

When do I get business insurance?

You should get business insurance when you start your business, especially if you plan to start doing business right away. This way, you can be protected from the very beginning from any lawsuits, property damages, costs associated with bodily injury, and anything else that could happen to your business.

How much should business insurance cost?

The cost of business insurance for a small business is typically between $700 and $3,800 a year, but this depends greatly on what types of insurance your business needs.

We recommend doing some research into the risks faced by your business and getting a business insurance quote from a trusted source.

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    Protect your small business today. Our business insurance guide will help you find the best coverage at the most affordable rate.