BUSINESS PLAN FOR MAKING FANCY LEATHER GLOVES

Introduction
Leather gloves are used as protective wear for human hands. They
are available in types and sizes and are sought after by all but
especially motor bicycle riders and military personnel. The demand
for leather gloves exists both in domestic and export markets. The
business idea aims at production of 520 pairs of gloves per month,
which translates into 6,240 pairs annually. The revenue potential is
estimated at $ 46,300 annually year with a sales margin of 10%. The
total capital investment for the project is $ 2,479

Plant Capacity
The profiled plant has a minimum capacity of 20 pairs of gloves per
day.

Production Process
The fancy gloves manufacturing process involves selecting suitable
leather of required colours and thickness, cutting the leather to the
desired sizes and designs, and putting linings. Gloves are stitched
with thumbs attached to the palm, textile lining are also stitched and
joined with glove. Finally, buttons, elastic, are fitted and the gloves
are packed.

Market Analysis
There is a high demand for Leather Gloves especially among
motorists and Sports Men

 

Production is assumed for 312 days per year.
Depreciation assumes 4 year life of assets written off at 25% per year for all
assets.
A production Month is assumed to have 26 days

 

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