Thrift store business plan – a roadmap to sustainable revenue for the Bridge House homeless shelter
The Bridge House Shelter – a Welcoming Home
The Shrinking State and Federal Funding Dilemma
The Bridge House receives about one third of its funding from state and federal sources and the remainder from philanthropic efforts. As state and federal funding decreases, it’s more and more difficult to keep the operation afloat. Cathy Bentwood, Executive Director, long dreamed of opening some type of social enterprise which would provide a sustainable funding source for the future. She engaged an interested, potential foundation funder and needed a well-defined opportunity along with a carefully crafted business plan to forecast profitability and provide a roadmap for success for the venture.
Thrift Store Business Plan – Attracts Funding from Generous Family Foundation
Business Plan Serves as Roadmap to Shop’s Success
The Post Group created a plan that works as a comprehensive, step by step template for the shop’s success. Mark and Lynn Post over-deliver, making a great team. Easy to access, available to problem solve, and a pleasure to work with.The Bridge House hired a manager and opened the thrift store in April, 2014. Sales are running over twice that of forecasted revenue, donations are plentiful and the store has become a fixture in the Plymouth community.
Helping Where We Can
The Post Group enjoys helping nonprofits build their capacity in ways that can help them succeed. Since the business plan project, The Bridge House has engaged The Post Group to restructure their QuickBooks implementation for better financial transparency and redesign The Bridge House website to attract donors and provide information for potential participants.