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Published by Christina Mehl, 2019-10-28 13:27:13

Khaila Keneisha Esguerra - Patch up

Khaila Keneisha Esguerra - Patch up

YOUR BADGE IN PERSONAL STYLE 

 

 
BUSINESS PLAN 

October 2018
Prepared by Khaila Esguerra, Owner

3000 Benton Street, Santa Clara, CA 95051
Cell: (408) 456-2849
Office: (408) 979-3526

Email: [email protected]
Website: www.patchupschs.weebly.com

Table of Contents

Executive Summary ……………………………………………………………………………... 2
Company Description …………………………………………………………………………… 4
Description of Products and Services …………………………………………………………….6
Marketing Plan …………………………………………………………………………………....7
Operational Plan …………………………………………………………………………………..9
Financials ………………………………………………………………………………………..11
Appendix ………………………………………………………………………………………...15

______________________________________________________________________________

Patch Up SCHS: Business Plan ​1

Executive Summary

I. Introduction

This business will be a sole proprietorship. Patch Up sells SCHS logo embroidered patches, or
patches that students can personalize or DIY their own. This business is cooperative, interactive,
and based on personal choice.

II. Product and Service

1. SCHS logo embroidered patches
2. SCHS patch that can be sewn onto any SCHS apparel.
3. Personalized patch
4. Lanyards (variety of colors)
5. Keychains (variety of colors)
6. Baseball caps (variety of colors)
7. Patch starter pack (10 mini pieces)
8. Embroidered DIY patch workshop

III. Marketing Summary

Patch Up targets the SCHS students who would like to unleash their personalized ideas onto an
embroidered patch or show some school spirit. Patch Up is located at the SBO Student Store in
the quad or you can purchase it on the student store website with cash, credit, or debit. Students
can also add it as an additional item applied on SCHS apparel. Plus, there is a workshop held in
the art classroom where students can DIY their own patch with materials provided and
volunteers can teach embroidery.

IV. Competitive Position

Patch Up is best at creating patches personalized by the student’s choices and provide great
customer service. Compared to other competitors, our friendly business provides products that
are versatile, durable, reusable, collectible, and affordable. We allow students to bring originality
and increase a variety of SCHS apparel in the student store.

V. Financial Position

The Patch Up startup funds began at $5,000 and the startup funds left over is totaled to
$3,634.76. For 1 whole year, our expenses totaled up to $873.21, net profit totaled up to
$15,626.79, and total revenue for a personalized patch (stick-on/iron-on) totaled up to
$16,686.00. Each personalized patch cost $6.75 and the rest of the items vary per year.

______________________________________________________________________________

Patch Up SCHS: Business Plan ​2

VI. Mission Statement

The mission of Patch Up is to allow students to be creative and express themselves, show school
spirit, or interact with others students. It is to provide our students a high quality product with
affordable prices and ensure their satisfaction in order to create a personal embroidered badge.

VII. Vision Statement

The Patch Up business would continue to grow in the SCHS years and develop a friendly
business. We are persistent in seeking inspiration from students and develop an interactive,
positive community.

______________________________________________________________________________

Patch Up SCHS: Business Plan ​3

Company Description

I. Company Name

Business name is “Patch Up.”

II. Business Summary

Patch Up is an embroidered patch business that allow students of Santa Clara High School to
personalize their own patch and decorate materials or show some school spirit by being involved
with a workshop or trading with other students.

III. Form of Ownership

Patch Up is run as a sole proprietorship. This business is operated by the owner, Khaila Esguerra.

IV. Industry Classification

According to the North American Industry Classification System (NAICS), the code is 448150,
which corresponds to apparel accessory stores.

V. Location

Patch Up will be operated within the SBO Student Store in the quad located in Santa Clara High
School. The workshop will be taken in the art classroom and the students can pre-order patches
on the website, www.patchupschs.weebly.com.

VI. Year Established

Patch Up was established in October 2018.

VII. Primary Function

The primary function of Patch Up will be to sell embroidered patches where students can get
creative and express themselves and increase a variety of apparel for the SCHS student store.

VIII. Employees

Khaila Esguerra, will be the owner of the business. Students can volunteer to teach embroidery
in the workshop. Leadership students can help run the business in the SBO Student Store.

______________________________________________________________________________

Patch Up SCHS: Business Plan ​4

IX. Business Advisors

Principal Shelby, Ms. Brown Vice President of Activities, and treasurer will serve as the
business advisors for Patch Up.

______________________________________________________________________________

Patch Up SCHS: Business Plan ​5

Description of Products and Services

I. Description of the Industry

Patch Up sells embroidered patches at the student store that represents the school logo or
students get to choose any design they want. Students can add it as an additional item applied on
SCHS apparel as well. Also, students create their own patch by joining the Patch Up workshop in
the art classroom with materials provided. Patch Up allows students to rep the school, be
creative, decoration materials, and interact with other students.

II. Products and/or Services Provided

1. SCHS logo embroidered patches (options: stick-on/iron-on)
2. SCHS patch that can be sewn onto any SCHS apparel.
3. Personalized patch (options: stick-on/iron-on)
4. Lanyards (variety of colors)
5. Keychains (variety of colors)
6. Baseball caps (variety of colors)
7. Patch starter pack (10 mini pieces)
8. Embroidered DIY patch workshop

III. Nature of the Work

Patch Up provided services or products that include:
1. Professionally made SCHS logo embroidered patches.
2. An embroidery machine that is easy to use by anyone and import photos to the machine
to produce a personalized patch for the student’s liking.
3. Baseball caps, lanyards, and keychains are other apparel that students can buy to apply
their patches on the materials and utilize.
4. An embroidered DIY patch workshop where students can get a hands-on experience on
creating their own patch. Being taught by volunteers who are willing to teach other
students how to embroider.

______________________________________________________________________________

Patch Up SCHS: Business Plan ​6

Marketing Plan

I. Product

Patch Up offers products that are good quality apparel accessories that include a wide range of
colors and different backing adhesive options for the patches such as iron-on, stick-on, or
non-adhesive. The products offered are listed below:

● SCHS logo embroidered patches (options: stick-on/iron-on)

Designed with the necessary colors of the school, royal blue, and gold/yellow. Students can
purchase online or the store and select from a variety of different SCHS logos. Students in clubs,
sports, or other SCHS events can request to make a SCHS patch related to the clubs, sports, or
other SCHS events.

● SCHS patch that can be sewn onto any SCHS apparel.

Customers can request any SCHS patch they choose and will be sewn onto any SCHS apparel
and sold as an additional item.

● Personalized patch (options: stick-on/iron-on)

Students can upload an appropriate image via Instagram, Snapchat, or the store website and the
Patch Up business will import the image to the machinery in order to create the embroidered
patch. The patch is very durable, comes in a variety of colors, and has different backing options.
Personalized patches can only be purchased on the store website.

● Lanyards

An accessory that comes in a variety of colors where you can pin on your collectible patches.

● Keychains

An accessory that comes in a variety of colors and can be requested to apply a patch onto the
keychain.

● Baseball caps

These baseball caps has a wide range of colors and can be requested to sew any patch of the
customer's choice onto the baseball cap.

______________________________________________________________________________

Patch Up SCHS: Business Plan ​7

● Patch starter pack
The patch starter pack includes 10 mini patches that comes in 3 SCHS logo patches and 7
general patches selected by the owner Khaila Esguerra.
II. Place

Patch Up is located in the SBO student store within the quad, or patches can be purchased on the
store website (www.patchupschs.weebly.com). The workshop is located in the art classroom.

III. Price

The prices that Patch Up offer for each product are listed below:

Embroidered patch SCHS logo $3.00
Embroidered patch SCHS logo (stick-on/iron-on) $3.25
Personalized embroidered patch $6.50
Personalized embroidered patch (stick-on/iron-on) $6.75
Patch starter pack (10 mini pieces) $10.00
Lanyards (various colors) $8.00
Keychains (various colors) $5.00
Baseball caps (various colors) $12.00

IV. Promotion

Patch Up uses several methods to advertise this business:

1. Handmade banners
2. Graphic design posters/postcards
3. Social media (Instagram/Snapchat)
4. Morning announcements
5. School website homepage
6. School newspaper
7. Business cards
8. Patch Up website
9. Decorate the business with balloons, welcome menu board, and a welcome mat

______________________________________________________________________________

Patch Up SCHS: Business Plan ​8

Operating Plan

I. Purchasing

A. Materials/Supplies all from Amazon

Embroidery Variety of Lanyards Display case Cashier
thread fabric
(separate)

Embroidery Embroidery Keychains Poster paint Scissors
iron-on spools thread
adhesive

Embroidery Aqua mesh Sewing Poster
stick-on stabilizer machine markers
adhesive

Embroidery Embroidery Embroidery Printer

needles organizer machine

Baseball caps Storage cart Embroidery Stapler
hoops
B. Amazon
Supplier (Amazon) Turnaround Time (standard
shipping)

United States 4 to 5 days

C. Amazon is very popular, products includes reviews to see if the product is good
quality, the price is inexpensive, and delivery time seems reasonable depending
on where the product is located. Also, it provides detailed product information,
picture, videos, and deals are included as well.

______________________________________________________________________________

Patch Up SCHS: Business Plan ​9

II. Production

A. Item shown below are products that need production time in order to produce a
good quality product to satisfy the customer.

Personalized Patch 2-3 days

SCHS Patch 2-3 days

Baseball Caps 3-5 days

Apparel with Patch 3-5 days

Graphic Design/Handmade Poster 3-5 days

III. Sales and Marketing

Patch Up might spend around $200 to promote the business in school because the company
needs to print out all the posters and order materials and equipment. The $100 out of the $200 is
used for printing and making poster per every other month.

IV. Accounting

All accounting records are organized on spreadsheets and kept in file. Around 20 hours per
month will be devoted to the accounting tasks for the Patch Up business.

V. Distribution

Students can pick up their patch in the SBO after they have pre-ordered online. Customers can
buy a SCHS patch, Patch Starter Pack, lanyards, keychains, and baseball caps, right at the SBO
in person. Personalized patch and SCHS patch might take 2-3 days and the other apparel like
lanyards, keychains, and baseball caps might take 3-5 days to deliver.

______________________________________________________________________________

Patch Up SCHS: Business Plan ​ 10

I. Start-up Financials

Patch Up
Schedule of Startup Funds Required

Khaila Esguerra

Startup funds available: $5,000

Equipment Required: Price Ea. Qty. Needed Total

Sewing Machine $87.00 3 $261.00
Embroidery Organizer $11.03 2 $22.06
Storage Cart $36.22 1 $36.22
Display Case $9.99 1 $9.99
Embroidery Machine $567.18 1 $567.18

Materials and Supplies:

Fabric (50 pack) $6.50 $0.13 100 $13.00

Embroidery spools thread (40 pack) $0.50 40 $20.00
$20 $0.09 100 $9.00

Aqua Mesh Stabilizer (100 sheets) $9 $0.12 100 $12.00

Embroidery stick-on Stabilizer (100 $0.08 100 $8.00
yards) $12
$0.10 200 $20.00
Embroidery iron-on Stabilizer (100 $0.33 18 $5.97
yards) $8

Embroidery thread separate (100
pack) $10

Embroidery needles (6 pack) $1.99

______________________________________________________________________________

Patch Up SCHS: Business Plan ​ 11

Baseball Caps (16 pack) $8.50 $0.53 64 $34.00
Embroidery Rings (5 pack) $8 $1.60 20 $32.00
Keychains (6 pack) $10.02 $1.67 72 $120.24
Lanyards (50 pack) $4.50 $0.09 150 $13.50
Scissors, Stapler $5.00
1 $5.00
Advertising: $0.50
$47.60 125 $62.50
Graphic Design Posters $0.05 1 $47.60
Handmade Banners $30.99
Balloons (100 pack) $5 $24.99 200 $10.00
Menu Felt Board $0.00 1 $30.99
Welcome Mat 1 $24.99
Social Media (Instagram, Snapchat) 1 $0.00

Total Startup Funds Required: $1,365.24

Startup Funds Left Over: $3,634.76

______________________________________________________________________________

Patch Up SCHS: Business Plan ​ 12

II. Projected Income 2472
Projected Income Statement- Year 1 $16,686.00
Patch Up
INCOME STATEMENT $0.00
Items sold
Revenue (Sales) $16,686.00
Less returns/allowances
$186.00
TOTAL REVENUE (Net Sales)
$16,500.00
TOTAL COGS Cost of Goods Sold 98.97%

TOTAL GROSS PROFIT $176.04
Gross Profit Margin % $0.00

EXPENSES $176.04

Advertising $5.00
Social Media $692.13

TOTAL MARKETING EXPENSES $697.13

Office Supplies $873.17
Misc Expenses

TOTAL OPERATING EXPENSES

TOTAL EXPENSES

______________________________________________________________________________

Patch Up SCHS: Business Plan ​ 13

NET PROFIT $15,626.83
% of Sales 93.98%

______________________________________________________________________________

Patch Up SCHS: Business Plan ​ 14

Appendix

I. Logo and Tagline

YOUR BADGE IN PERSONAL STYLE 

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Patch Up SCHS: Business Plan ​ 15

II. Business Cards

______________________________________________________________________________

Patch Up SCHS: Business Plan ​ 16

III. Company Letterhead

______________________________________________________________________________

Patch Up SCHS: Business Plan ​ 17

IV. Company Envelope

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Patch Up SCHS: Business Plan ​ 18

V. Flyer

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Patch Up SCHS: Business Plan ​ 19

VI. Opening Business Ad

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Patch Up SCHS: Business Plan ​ 20

VII. Web Ad

www.patchupschs.weebly.com

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Patch Up SCHS: Business Plan ​ 21

VIII. Ad

______________________________________________________________________________

Patch Up SCHS: Business Plan ​ 22

IX. Ad

______________________________________________________________________________

Patch Up SCHS: Business Plan ​ 23


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