Be sure to visit us at our GoFundMe page too! Click here to go there now!
We’re live! Today is the first day of our 40+ GoFundMe campaign! To kick things off we want to share with you a major concern we’ve received from people.
“What if we want to write you a check in support of your campaign instead of donating online?”
Great Question! You can email me at cj@replaygames.us and I will send you my address to which you can send a check. Or as there are many of you I see often, we could meet somewhere and discuss this project in more detail.
The really great thing about GoFundMe is that I can add “offline” donations to the goal, so even if you don’t donate through their platform, you can still help us achieve our goal!
Today’s business plan update is “What will the money be used for?”
When I met with the bank, I was greeted with excitement for the project. They love the idea of Replay Games, and think that it is extremely viable. However, the reality is that the bank looks at it from only their perspective of safety. They will only look at the project as a “worst case scenario.”
What does that mean? Well, if I need $150,000 to make this project happen, then I would need to raise as close to $75,000 to get a loan for $75,000.
So, what does that $150,000 get us? The intention is to secure the store, the space, and monthly operating expenses, minus the cost of premium for the loan for the first year. This will allow Replay Games to solely focus on the community. This is a major piece of our plan for a successful first year. Virtually all profits from the first year will be pooled for the 2nd year operating expenses and so on. It is easy to see why this philosophy is so vital to our launch.
So without further ado, here is our budgeted plan for the startup of Replay Games copied directly out of our business plan.
Strategic Budget for Funding Request
Replay Games will use this starting capital for the following purchases, expenditures, and expected expenses:
Schnase’s annual salary………………………$42,000
Building Lease first year………………………$32,556
Starting inventory acquisition…………….$25,000
Video games…………………………………………….$23,500
Console Lock Boxes…………………………………$1,500
Hiring 2x PT employees……………………….$20,000
Furniture & Equipment for Pixel Den….$15,169
TV’s for each station………………………………..$9,466
12x 48” 1080p TV’s…………………………………….$6,000
6x Framemeister for Retro Upscaler………….$2,400
Entertainment frames…………………………………$600
Surge protectors…………………………………………$250
Entertainment shelves for each station……..$120
Coffee Tables for each station……………………$96
Chairs – 48x Poang Ikea Chairs……………..$3,903
Speaker System……………………………………….$1,000
Metal Folding chairs for dining area………$350
3x 8 foot tables………………………………………..$300
Cabling…………………………………………………….$150
Equipment: Other…………………………………$8,175
Extreme POS software and hardware……$3,000
DVD Resurfacer………………………………………$2,000
Store Signage…………………………………………..$1,000
Display tables for merchandise………………$800
Display Fixtures……………………………………….$400
Tables for Fixtures……………………………………$400
Color printer for display merchandise……$475
Locking Drop Box – Rental Returns………..$350
Janitorial & supplies…………………………………$150
“Open” with store hours LED Sign…………..$150
Office supplies………………………………………….$140
Binders for non-display laminates…………..$50
Bins/Tubs for cheap/impulse buys………….$50
3 hole punch……………………………………………..$10
Advertising…………………………………………….$3,000
Insurance……………………………………………….$1,100
Security system……………………………………..$2,000
Cameras……………………………………………………$1,200
Motion Alarm……………………………………………$400
Fire Alarm…………………………………………………$400
Utilities…………………………………………………..$1,000
Internet…………………………………………………….$720
Phone……………………………………………………….$280
Total……………………………………………………….$150,000
As the campaign progresses we’ll share more details for each item purchased. Stay tuned! Let us know of questions or concerns you may have!
Be sure to visit us at our GoFundMe page too! Click here to go there now!
