business plan for tshirt company

T-Shirt Business Plan Template

Written by Dave Lavinsky

T-Shirt Business Plan

You’ve come to the right place to create your T-shirt business plan.

We have helped over 10,000 entrepreneurs and business owners create business plans and many have used them to start or grow their t-shirt companies.

Below is a template to help you create each section of your T-shirt business plan.

Executive Summary

Business overview.

Comfy Style Tees is a startup T-shirt company located in Philadelphia, Pennsylvania. The company is founded by Scott Smith and Mike Anderson. Scott Smith is an established graphic artist who will be creating the designs for the company’s T-shirts. Mike Anderson is a graduate of Pennsylvania University with a Master’s degree in Marketing. Together, the pair is ready to open their own T-Shirt business, Comfy Style Tees. Scott has been creating unique graphic art for over a decade and has gained a substantial following as an artist on social media. Mike has been a marketing director for another T-shirt business for over five years. He is confident that his marketing and sales skills will allow the company to quickly gain new customers who are interested in purchasing apparel featuring Scott’s artwork. The duo plans to hire a small team of professionals to manage the day-to-day complexities of running a retail business including accounting, customer service, sales, and inventory management.

Comfy Style Tees will offer comfortable T-shirts made from premium 100% cotton. Each T-shirt will feature artwork printed using a direct-to-garment (DTG) printing method that allows for Scott’s detailed and colorful designs to come to life. Comfy Style Tees will create and sell limited edition T-Shirts in small batches.

Product Offering

The following are the products that Comfy Style Tees will provide:

• Men’s T-shirts
• Women’s T-shirts
• Children’s T-shirts
• Toddler’s T-shirts
• Pet T-shirts for dogs and cats

Customer Focus

Comfy Style Tees will target people of all ages and genders who value wearing unique T-shirt designs that can’t be found off the rack. The company will target men, women, children, and people with dogs and cats. Comfy Style Tees will target fans of Scott’s artwork as well as individuals that are unfamiliar with it. No matter the customer, Comfy Style Tees will deliver the best communication, service, and high quality products.

Management Team

Comfy Style Tees will be owned and operated by Scott Smith and Mike Anderson. Scott Smith is an established graphic artist who will be creating the designs for the company’s T-shirts. Mike Anderson is a graduate of Pennsylvania University with a Master’s degree in Marketing.

Scott Smith has been creating unique graphic art for over a decade and has gained a substantial following as an artist on social media. Mike Anderson has been a marketing director for another T-shirt business for over five years. He is confident that his marketing and sales skills will allow the company to quickly gain new customers who are interested in purchasing apparel featuring Scott’s artwork.

Success Factors

Comfy Style Tees will be able to achieve success by offering the following competitive advantages:

• The most flexibility in the customers’ shopping experience: customers can order online for delivery or in-store pickup, come into the physical store and shop, and return items through the mail or in-store no matter which method they purchased them through.
• All tees are carefully printed using the latest DTG printing machines and meticulously inspected to ensure quality.
• Comfy Style Tees doesn’t sell to other retailers or white label its products, so if a customer wants an authentic Comfy Styles Tees product, they know they will be able to get it exclusively from the shop or the online store.

Financial Highlights

Comfy Style Tees is seeking $120,000 in debt financing to launch its T-shirt business. The funding will be dedicated towards securing the retail space and purchasing DTG printing equipment and supplies. Funding will also be dedicated towards three months of overhead costs to include payroll, rent, and marketing expenses. The breakout of the funding is below:

• Retail space build-out: $30,000
• DTG printing equipment, supplies, and materials: $30,000
• Three months of overhead expenses (payroll, rent, utilities): $40,000
• Marketing costs: $10,000
• Working capital: $10,000

The following graph below outlines the pro forma financial projections for Comfy Style Tees.

Company Overview

Who is comfy style tees.

Comfy Style Tees is a newly established boutique T-shirt shop in Philadelphia, Pennsylvania. Comfy Style Tees will offer the most fun, unique, and stylish tees around. Comfy Style Tees will provide a wide range of sizes for adults, children, and pets. Customers can purchase the one-of-a-kind Scott Smith designs online or in-store. T-shirts are DTG printed in small batches and each unique design is offered for a limited time only, so customers who want a particular design will need to act fast before they are sold out.

Comfy Style Tees will be able to provide the best customer service through its friendly and knowledgeable in-store associates and its use of the latest AI technology for online support. The management team is composed of professionals who are highly qualified and experienced in customer service, marketing, and operations. This strong management team allows Comfy Style Tees to serve all customers with attention and care, removing all headaches from the shopping experience.

Comfy Style Tees History

Comfy Style Tees is owned and operated by Scott Smith and Mike Anderson. Scott has been creating unique graphic art for over a decade and has gained a substantial following as an artist on social media. Mike has been a marketing director for another T-shirt business for over five years. He is confident that his marketing and sales skills will allow the company to quickly gain new customers.

Since incorporation, Comfy Style Tees has achieved the following milestones:

• Registered Comfy Style Tees, LLC to transact business in the state of Pennsylvania.
• Has a contract in place to lease the retail space.
• Reached out to numerous potential suppliers to get samples and quotes for their wholesale garments that will become the company’s DTG printed T-shirts.
• Began recruiting a staff of accountants, marketers, and sales associates to work at Comfy Style Tees.

Comfy Style Tees Services

Industry analysis.

The global T-shirt market size was an estimated $206B in 2018 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.0% by 2027. In the United States, the T-shirt market reached an estimated $43.47B in 2022 and is expected to grow at a CAGR of 3.9% by 2026. The market for T-shirts can be segmented by materials and printing techniques. Most T-shirts that sell well are made from cotton, polyester, linen, rayon, lycra, or a blend of these fabrics. Two of the most popular printing techniques are screen-printing (estimated revenue share of 56% in 2021) and digital printing, which is expected to grow by 10.9% by 2030.

Over the years, the T-shirt industry has evolved from practical, plain white tees to designer labels, custom designs, and graphic prints. The market outlook for the T-shirt industry is positive with increased ecommerce and more people looking for unique styles. Although online shopping is increasing, more revenue is still currently being generated through physical retail. The top five countries generating the most revenue from T-shirt sales are China, the United States, India, Germany, and the United Kingdom.

Customer Analysis

Demographic profile of target market.

Comfy Style Tees will target people of all ages and genders who value wearing unique T-shirt designs that can’t be found off the rack. The company will target men, women, children, and people with dogs and cats.

The precise demographics for Philadelphia, Pennsylvania are:

Customer Segmentation

Comfy Style Tees will primarily target the following customer profiles:

• Young adults (ages 18-29)
• Men and women (ages 30-45)
• Men and women (ages 46+)
• Children (ages 4-17)
• Toddlers (ages 0-3)
• People looking for stylish T-shirts for their dogs and cats

Competitive Analysis

Direct and indirect competitors.

Comfy Style Tees will face competition from other companies with similar business profiles. A description of each competitor company is below.

Simple Tee, LLC

Simple Tee, LLC provides comfortable T-shirts at affordable prices. Located in Philadelphia, the Simple Tee retail shop is able to provide a wide selection of custom tees for its customers. The company makes form-fitting T-shirts for men, women, and children using 100% premium cotton and cotton blends. Simple Tee, LLC uses screen-printing technology to produce quality T-shirts to suit any style.

Simple Tee, LLC’s promise is to deliver top notch customer service, quality products, and great prices. The company’s team checks each T-shirt to ensure the highest quality before placing it on the sales floor. Simple Tee also sells its tees online and wholesale to other retailers.

Cool Trends T-Shirts

Cool Trends T-Shirts is an Philadelphia, Pennsylvania-based apparel company that provides outstanding customer service and fun art prints on all of its T-shirts. Cool Trends T-Shirts uses screen-printing and digital printing technology to make its one-of-a-kind tees. The company makes tees for young adults, children, and toddlers. You can buy Cool Trends T-Shirts through its online Shopify store. Cool Trends T-Shirts does not have a physical store, which saves the company money. These savings are passed on to the customers in the form of deep discounts on all Cool Trends products.

Dezyned T-Shirt Co.

Dezyned T-Shirt Co. is a trusted Philadelphia T-shirt company that provides superior service to customers at all three of its retail locations in Pennsylvania. The company makes its own DTG printed tees for the whole family. Dezyned T-Shirt Co. is able to provide unique tees designed by its founder and artist in residence, Alice Johnson. The company’s tees are priced in the high-end because they are made from premium cotton and printed in small batches, with Alice’s unique designs feature on each one.

Competitive Advantage

Comfy Style Tees will be able to offer the following advantages over their competition:

Marketing Plan

Brand & value proposition.

Comfy Style Tees will offer the unique value proposition to its clientele:

• All tees are made from 100% premium cotton, carefully printed using the latest DTG printing machines, and meticulously inspected to ensure quality.
• Comfy Style Tees offers unique pieces that can’t be found anywhere else.

Promotions Strategy

The promotions strategy for Comfy Style Tees is as follows:

Social Media/Referrals

Scott Smith has built up an extensive social media following of fans that love his artwork. Once Scott advised them he is going to be creating his own T-shirt business, many have signed up to receive updates on the new line and have opted to refer a friend for a promotional discount. As more friends are referred, the potential customer base continues to grow.

Print Advertising

Comfy Style Tees will invest in professionally designed print ads to display in magazines, flyers, and direct mailers.

Website/SEO Marketing

Comfy Style Tees will use an online platform like Shopify for its website and  ecommerce store. The website will be well organized, informative, and list all the products available. As marketing director, Mike Anderson will also manage Comfy Style Tees’s website presence with SEO marketing tactics so that when  someone types in the search engine “unique T-shirts in Philadelphia” or “T-shirt store near me”, Comfy Style Tees will be listed at the top of the search results.

The pricing of Comfy Style Tees will be competitive to premium, so customers feel they receive value when purchasing the high quality T-shirts.

Operations Plan

The following will be the operations plan for Comfy Style Tees.

Operation Functions:

• Scott Smith will be the Owner and Designer. He will oversee the design and printing process and manage all supplier relations. Scott has spent the past year recruiting the following staff:
• Mike Anderson – Marketing Director who will provide all marketing and sales initiatives for the company including managing the website, social media, and online marketing.
• Kate Johnson – Bookkeeper who will provide all budgeting, accounting, tax payments, and monthly financial reporting.
• Sam Lee – Lead Sales Manager who will manage all sales associates activities and schedules as well as oversee the day-to-day operations of the sales floor.

Milestones:

Comfy Style Tees will have the following milestones complete in the next six months.

9/1/2022 – Finalize contract to lease the retail space.

9/15/2022 – Finalize personnel and staff employment contracts for the management team.

10/1/2022 – Finalize contracts for suppliers.

10/15/2022 – Begin the marketing campaign.

10/22/2022 – Begin printing the first limited edition batch of tees.

11/1/2022 – Comfy Style Tees opens its store for business.

Comfy Style Tees will be owned and operated by Scott Smith and Mike Anderson. Scott Smith is a graphic artist who will be creating the designs for the company’s T-shirts. Mike Anderson is a graduate of Pennsylvania University with a Master’s degree in Marketing.

Scott Smith has been creating unique graphic artwork for over a decade and has gained a substantial following on social media. Mike Anderson has been a marketing director for another T-shirt business for over five years. He is confident that his marketing and sales skills will allow the company to quickly gain new customers who are interested in purchasing apparel featuring Scott’s artwork.

Financial Plan

Key revenue & costs.

The revenue drivers for Comfy Style Tees are the fees the company will charge customers for the T-shirts. The price range for Comfy Style Tees is $35-$375.

The cost drivers will be the payroll cost, DTG printing cost, and the cost of the T-shirts themselves. Other expenses will be rent, utilities, supplies, and marketing materials.

Funding Requirements and Use of Funds

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.

• Average number of T-shirts sold per month: 750
• Average revenue per month: $10,000
• Retail space lease per year: $60,000

Financial Projections

Income statement, balance sheet, cash flow statement, t-shirt business plan faqs, what is a t-shirt business plan.

A t-shirt business plan is a plan to start and/or grow your t-shirt 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 t-shirt business plan using our T-Shirt Business Plan Template here .

What are the Main Types of T-Shirt Businesses?

There are a number of different kinds of t-shirt businesses, some examples include: Women’s T-Shirt Business, Men’s T-Shirt Business, Unisex T-Shirt Business, and Children’s T-Shirt Business.

How Do You Get Funding for Your T-Shirt Business Plan?

T-Shirt 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 T-Shirt Business?

Starting a T-shirt 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 T-Shirt Business Plan - The first step in starting a business is to create a detailed T-shirt 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 T-shirt 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 T-shirt business is in compliance with local laws.

3. Register Your T-Shirt Business - Once you have chosen a legal structure, the next step is to register your T-shirt 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 T-shirt 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 T-Shirt Equipment & Supplies - In order to start your T-shirt 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 T-shirt 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 T-shirt business:

• How to Start a T-Shirt Business

Where Can I Get a T-Shirt Business Plan PDF?

You can download our free t-shirt business plan template PDF here . This is a sample t-shirt business plan template you can use in PDF format.

Other Helpful Business Plan Templates

Ecommerce Business Plan Template Clothing Store Business Plan Template Retail Business Plan Template

T-Shirt Business Plan Template [Updated 2024]

T-Shirt Business Plan Template

If you want to start a T-Shirt company or expand your current T-Shirt business, you need a business plan.

The following T-Shirt business plan template gives you the key elements to include in a winning T-Shirt company business plan.

You can download our T-Shirt Business Plan Template (including a full, customizable financial model) to your computer here.

T-Shirt Business Plan Example

I. executive summary, business overview.

[Company Name] is a start-up T-shirt company that sells cool, trendy and artsy t-shirts for men and women, as well as children. [Company Name] provides a variety of shirts styles and designs, each made to order. They can also make any item with custom artwork provided by the client.

Products Served

Below is [Company Name]’s initial product list:

• Kids t-shirts
• Women’s t-shirts
• Men’s t-shirts

Customer Focus

[Company Name] will primarily serve the residents who live within a 10 mile radius of our location and many others through our website and via other online retailers. The demographics of local customers are as follows:

• 65,800 residents
• 3,000 workers (who do not live the neighborhood)
• Average income of $56,500
• 33% married
• 31.5% in Mgt./Professional occupations
• Median age: 32 years

Management Team

[Company Name] is led by [Founder’s Name] who has been in the clothing business for 10 years. He was director of operations at a well-known clothing company in [location]. As such [Founder] has an in-depth knowledge of the business including:

• Management and operations
• Clothing design basics
• T-shirt marketing
• Hiring and training workers

[Founder] graduated with a degree in business management at [University Name] and also took courses in fashion design at [School Name].

Success Factors

[Company Name] is uniquely qualified to succeed for the following reasons:

• There is currently no clothing brand devoted to local manufacturing in the community we are entering. In addition, we have surveyed the local population and received extremely positive feedback saying that they explicitly want to frequent our business when launched, both from customers and from suppliers.
• The T-shirt business is a proven business and has succeeded in communities throughout the United States.
• Market trends such as the growth of the graphic t-shirt market support our business opportunity.

Financial Highlights

[Company Name] is seeking a total funding of $120,000 to launch its store.

Specifically, these funds will be used as follows:

• Office/Workspace Design & Build-out: $55,000
• Equipment: $35,000
• Working capital: $30,000 to pay for supplies, marketing salaries and lease costs until [Company Name] reaches break-even.

Top line projections over the next three years are as follows:

II. Company Overview

Who is [company name].

The company takes pride in their unique designs and good quality materials that are all locally sourced, supporting other small businesses. In every collection, the company collaborates with local artists as well, to give them a medium to showcase their art.

The company’s tagline, “art through fashion” is the company’s mission.

[Company Name]’s History

[Founder’s Name] began planning and conceptualizing [Company Name] in [year] which then became a registered business on [Month, Year]. [Founder’s Name] has selected three initial locations and is currently undergoing due diligence on each property and the local market to assess which will be the most desirable location for its physical store.

Since incorporation, the company has achieved the following milestones:

• Developed the company’s name, logo and website located at www…
• Determined the list of suppliers for t-shirts, fabrics, etc
• Determined equipment and inventory requirements
• Identified local artists who are willing to collaborate with the designs

[Company Name]’s Products/Services

Iii. industry analysis.

Over the past five years, the T-Shirt industry surged, bolstered by a greater number of broadband connections and rising per capita disposable income levels. Operators also benefited from the growing popularity of e-commerce, as more consumers turned to e-tailers due to their added convenience and relative accessibility compared with traditional brick-and-mortar retailers. Moreover, industry operators have benefited from a rise in the number of mobile internet connections, which increased consumers’ ability to find and purchase industry goods on-the-go from their smartphones. Due to these positive drivers, industry revenue will continue to grow.

As the retail space has become more saturated with entrants, the operating environment has become more competitive, and operators have attempted to undercut one another on price and product quality. Offering amenities such as free shipping and competent customer service associates has become more and more important for industry players to remain attractive in this competitive space.

Further, retail behemoths are able to exert strong negotiating and buying power over upstream wholesalers and manufacturers, enabling them to procure items at a lower price than smaller retailers. This buying power lets these retailers pass cost savings on to the consumer, and these competitive prices keep them attractive.

In recent years, there has also been a growing industry trend toward using a social-commerce business model, which encourages the integration of social media. This new type of open-sourced business model alleviates the risk associated with product development because each shirt produced already has inherent demand.  

IV. Customer Analysis

Demographic profile of target market.

[Company Name] will serve the residents of [company location] and the immediately surrounding areas.

The area residents we serve are affluent and are expected to spend more on clothing items than the national averages.

Customer Segmentation

We will primarily target the following three customer segments:

• Fashionistas: The store will attract people who appreciate fashion. The clothes it offers are incredibly unique, but also comfortable everyday wear
• Millennials: Our modern graphic art shirts are expected to be popular among the younger demographic. With its artistic designs, it will capture the interest of the younger generation.
• Tourists: Tourists visiting the area will be interested in locally made clothes. [Company Name] will become a tourist destination due to its unique t-shirt designs that no one can find anywhere else.

V. Competitive Analysis

Direct & indirect competitors.

Press-on Tees Press-on Tees operates an online service that connects millions of buyers and sellers of print-on-demand products. If you’ve dreamed up a catchy slogan or an arresting image, the company’s flagship website will print it for you on a T-shirt, hat, mug, poster, or other product; post it on cafepress.com for sale; and then ship it off and collect payments, keeping a nominal base fee for itself. The company boasts more than 19 million members across all of its properties. Founded in 1999, Press-on Tees went public in 2012.

Bubble Tees Bubble Tees operates as an online marketplace that facilitates the sale and purchase of art and designs on a range of products between independent creatives and consumers in Australia, the United States, the United Kingdom, and internationally. It provides an Internet based marketplace platform and associated logistics services to facilitate the sale of goods from artists to those who want to purchase goods bearing the artists’ designs. The company enables 600,000 independent artists to sell their designs, such as apparel, stationery, housewares, bags, wall art, etc. It offers its services through its Website and three foreign language sites. The company was founded in 2006.

T-Shirt Republic Founded in 2012, T-Shirt Republic is an ecommerce platform that connects independent artists with their fans and allows them to sell their art on t-shirts, apparel, and accessories. Artists simply upload their design to the site, and T-Shirt Republic fulfills all orders.

Artists may join, upload, and sell designs without a charge from the platform. T-Shirt Republic pays commission on each sale. In addition, the site encourages both artists and non-artists to create affiliate pages, where they maintain a storefront for their and/or others’ designs. This business model appears to take advantage of each storefront’s marketing capability to help spread awareness, in a social commerce way. Affiliates also earn a commission from each sale.

Competitive Advantage

[Company Name] enjoys several advantages over its competitors. These advantages include:

• Locally-Made t-shirts: [Company Name] will work with the best local suppliers and artists for its items, ensuring that 90% of items will come from within a 100 mile radius of the store. Local residents appreciate support for local businesses and tourists appreciate that they will find items that they cannot find where they are from.
• Management: Our management team has years of business experience that allows us to sell to and serve customers in a much more sophisticated manner than our competitors.
• Relationships: Having lived in the community for [x] years, [Founder’s Name] knows all of the local leaders and newspapers, as well as furniture suppliers. As such, it will be relatively easy for us to build branding and awareness of our store and to establish a product line.

VI. Marketing Plan

The [company name] brand.

The [Company Name] brand will focus on the Company’s unique value proposition:

• Offering high-quality, locally-made clothing items
• Telling the “stories” of artists within the store
• Providing excellent customer service

Promotions Strategy

[Company Name] expects its target market to be individuals living within a 10-mile radius of its store. The Company’s promotions strategy to reach these individuals includes:

Direct Mail [Company Name] will blanket neighborhoods surrounding its locations with direct mail pieces. These pieces will offer discounts and/or provide other inducements for people to visit the store.

Public Relations We will contact all local and area newspapers and television stations and send them a press release describing the opening and unique value proposition of [Company Name].

Advertising [Company Name] will initially advertise in local newspapers and sponsor community events in order to gain awareness.

Pre-Opening Events Before opening the store, [Company Name] will organize pre-opening events designed for local merchants and press contacts to create buzz and awareness for [Company Name].

Online Marketing [Company Name] will maintain a website and create an online shop with the list and pictures of products available for sale. It will be active in social media platforms and send out a weekly newsletter to provide its followers an update on on-going promotions and discounts.

VII. Operations Plan

Functional roles.

In order to execute on [Company Name]’s business model, the Company needs to perform many functions including the following:

Service Functions

• Sales and customer service
• Janitor/maintenance personnel to keep the store clean

Administrative Functions

• General & administrative functions including legal, marketing, bookkeeping, etc.
• Sourcing suppliers and managing supplier relations
• Sourcing featured designers and providing collateral for their displays
• Hiring and training staff

VIII. Management Team

Management team members.

[Company Name] is led by [Founder’s Name] who has been in the clothing business for 10 years. While [Founder] has never run a business himself, he was director of operations at a renowned clothing brand company in [location]. As such [Founder] has an in-depth knowledge of the business including:

[Founder] graduated with a degree in Business Management at [University Name] and took courses in fashion design at [School Name].

Hiring Plan

[Founder] will serve as the store manager. In order to launch the store, we need to hire the following personnel:

• Sales manager (requires retail experience in the clothing industry)
• Sales professionals (3 to start)
• Part-Time Bookkeeper (will manage accounts payable, create statements, and execute other administrative functions)

IX. Financial Plan

Revenue and cost drivers.

[Company Name]’s revenues will come from the sale of t-shirts and other clothing items.

The major costs for the company will be the cost of goods sold (supplier costs), salaries of the staff, and rent for a prime location. In the initial years, the company’s marketing spend will be high, as it establishes itself in the market.

Capital Requirements and Use of Funds

[Company Name] is seeking a total funding of $120,000 to launch its store. The capital will be used for funding capital expenditures, marketing expenses and working capital.

Key Assumptions

5 Year Annual Income Statement

5 Year Annual Balance Sheet

5 Year Annual Cash Flow Statement

Comments are closed.

T-Shirt Business Plan Template

Written by Dave Lavinsky

T-Shirt Business Plan

Over the past 20+ years, we have helped over 5,000 entrepreneurs and business owners create business plans to start and grow their t-shirt businesses.

Get our t-shirt business plan template and step-by-step instructions below to quickly and easily create your own t-shirt business plan today.

Download our Ultimate T-Shirt Business Plan Template here >

What is a T-Shirt Business Plan?

A business plan provides a snapshot of your t-shirt business as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategy for reaching them. It also includes research into the t-shirt industry to support your plans.

Why Do You Need a Business Plan for a T-Shirt Company?

If you’re looking to start a t-shirt business or grow your existing t-shirt business you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your t-shirt business in order to improve your chances of success. Your t-shirt business plan is a living document that should be updated annually as your company grows and changes.

How to Write a T-Shirt 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 type of t-shirt business you are operating and the status; for example, are you a startup or do you have a t-shirt business that you would like to grow.

Next, provide an overview of each of the subsequent sections of your plan. For example, give a brief overview of the t-shirt business industry. Discuss the type of t-shirt business you are operating. Detail your direct competitors. Give an overview of your target customers. Provide a snapshot of your marketing plan. Identify the key members of your team. And offer an overview of your financial plan.

Finish Your Business Plan Today!

If you’d like to quickly and easily complete your business plan, download Growthink’s Ultimate T-Shirt Business Plan Template and complete your plan and financial model in hours.

Company Overview

In your company analysis, you will detail the type of t-shirt business you are operating.

For example, you might operate one of the following types:

• Women’s T-Shirt Business: this type of t-shirt business offers a wider variety of t-shirts styles, such as cap sleeve, thin strap, tanks, etc.
• Men’s T-Shirt Business: this type focuses on men’s/male t-shirts
• Unisex T-Shirt Business: creates neutral t-shirts
• Children’s T-Shirt Business: this type of t-shirt business targets children with design and sizing

In addition to explaining the type of t-shirt business you operate, the Company Analysis section of your business plan 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 sales goals you’ve reached, new store openings, etc.
• Your legal structure. Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

While this may seem unnecessary, it serves multiple purposes.

First, researching the t-shirt business industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your strategy particularly if your research identifies market trends. For example, if there was a trend towards particular designs or themes for t-shirts, it would be helpful to ensure your plan calls for the ability to quickly add or alter inventory.

The third reason for market research 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.

In your industry analysis, you need to provide an overview of the t-shirt business.

The following questions should be answered in the industry analysis section of your t-shirt business plan:

• How big is the t-shirt business (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 market for your t-shirt business. 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 t-shirt business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: college students, sports enthusiasts, soccer moms, techies, teens, baby boomers, etc.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of t-shirt business you operate. Clearly baby boomers would want different product options, and would respond to different marketing promotions than teens.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, include a discussion of the ages, genders, locations and income levels of the customers you seek to serve. Because most t-shirt businesses primarily serve customers living in their same city or town, such demographic information is easy to find on government websites.

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

Competitive Analysis

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

Direct competitors are other t-shirt businesses.

Indirect competitors are other options that customers have to purchase from that aren’t direct competitors. This includes other types of shirts and apparel items.

With regards to direct competition, you want to detail the other t-shirt businesses with which you compete. These are other types of t-shirts your target customers purchase.

For each such competitor, provide an overview of their businesses 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 products do they offer?
• What is their pricing (premium, low, etc.)?
• What are they good at?
• What are their weaknesses?

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

• Will you provide superior t-shirts?
• Will you provide t-shirt options that your competitors don’t offer?
• Will you provide better customer service?
• Will you offer better pricing?

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a t-shirt business plan, your marketing plan should include the following:

Product: in the product section you should reiterate the type of t-shirt business that you documented in your Company Analysis. Then, detail the specific products you will be offering.

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

Place: Place refers to the location of your t-shirt business. Document the location(s) in which customers can purchase from you. Will you have a storefront? A website? Operate kiosks or locations at events? Will you sell through other retailers or websites? Document your distribution strategy here.

Promotions: the final part of your t-shirt business marketing plan is the promotions section. Here you will document how you will drive customers to your location(s). The following are some promotional methods you might consider:

• Social media marketing
• Advertising in local papers and magazines
• Reaching out to local bloggers and websites
• Banner ads at local venues

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

Finish Your T-Shirt Business Plan in 1 Day!

Don’t you wish there was a faster, easier way to finish your t-shirt business plan?

With Growthink’s Ultimate Business Plan Template you can finish your plan in just 8 hours or less!

Click here to finish your t-shirt business plan today.

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 t-shirt business such as serving customers, procuring supplies, manufacturing shirts, etc.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to serve your 1,000th customer, or when you hope to reach $X in sales. It could also be when you expect to hire your Xth employee or launch a new location.

Management Team

To demonstrate your t-shirt business’s ability to succeed as a business, 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 the t-shirt business. 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 like mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in t-shirt businesses and/or successfully running retail and small businesses.

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 sheet and cash flow statements.

Income Statement: an income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenues 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 serve 100 customers per day or 200? 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: While balance sheets include much information, to simplify them to the key items you need to know about, balance sheets show your assets and liabilities. For instance, if you spend $25,000 on building out your t-shirt business, that 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 bank writes you a check for $100.000, 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 make sure 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. For example, let’s say an entertainment company approached you with a massive $100,000 branded t-shirt contract, that would cost you $50,000 to fulfill. Well, in most cases, you would have to pay that $50,000 now for manufacturing, employee salaries, etc. But let’s say the company didn’t pay you for 180 days. During that 180-day period, you could run out of money.

In developing your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a t-shirt business:

• Office location build-out
• Cost of equipment
• Cost of maintaining an adequate t-shirt inventory
• Cost maintaining an adequate amount of supplies
• Payroll or salaries paid to staff
• Business insurance
• Taxes and permits
• Legal expenses

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 design blueprint or location lease. Putting together a business plan for your t-shirt business is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will really understand the t-shirt business, your competition and your customers. You will have developed a marketing plan and will really understand what it takes to launch and grow a successful t-shirt business.

How Do I Download a Free T-Shirt Business Plan PDF?

You can download our t-shirt business plan PDF template and use our sample t-shirt business plan to write your own business plan. This is a business plan template you can use in PDF format to sell t-shirts online or in a brick-and-mortar t-shirt store. If you are looking for the quickest and easiest way to complete your business plan, Growthink’s Ultimate T-shirt Business Plan Template has numerous features not available in the free template including its financial projections template which automatically calculates your complete five-year financial projections including income statements, balance sheets, and cash flow statements.

OR, Let Us Develop Your Plan For You

Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success.

Click here to see how Growthink business plan consultants can create your business plan for you.

Other Helpful Business Plan Articles & Templates