Kiowa offers named brand tobaccos, cigars, cigarettes, and roll-your-own accessories. Over the past ten years, due to increasingly hostile regulations, judicial decisions, and tobacco opposition groups, the tobacco industry has suffered serious declines.
Kiowa has seen a declining client base, increasing costs, and increasing difficulty with distribution channels. For the first time management has been forced to reduce staffing levels and institute pay cuts.
It is for this reason that the company is seeking to create a revitalization plan for the future. This plan includes reducing costs, improving efficiencies, new distribution and marketing channels and a new venture into a combined cafe and tobacco store. Fernando Renaldo and his wife, Elizabeth.
The company does not anticipate bringing on new owners in the foreseeable future. Carlos Armando Renaldo and his family left their native Cuba for the U. Once in America, Mr.
In the elder Renaldo sold the business to his son Fernando, who relocated the firm to Kansas City, Kansas. Since then the company has prospered enough for Mr. Renaldo to buy out two other tobacco shops. Products Kiowa Smoke Shops offers the widest variety of specialty and named brand tobacco products in the Kansas-Missouri area.
We also have cigarettes, including national and foreign brands, roll-your-own products for those clients wishing to make their own cigarettes, pipe tobacco from around the world, plus accessories such as ashtrays, pipes, cigarette and cigar cases, fumidors etc. However, both cigarette consumption and cigarette exports have fallen 16 percent sinceand the consumption of other tobacco products has suffered a similar loss.
All of this makes for a current market situation that is unfavorable to Kiowa Smoke Shops. Since the Master Settlement Agreement MSA was signed in Novembercigarette companies have been forced to boost prices as a result of payments required by the settlement.
Higher prices have curtailed consumption. The long-term decline in cigarette consumption due to non-economic factors continues as well, as private tobacco opposition and health care organizations continue to push for the elimination of all smoking throughout the nation. Kiowa possesses a number of competitive advantages however.
These includes established supply channels and its various cost advantages that are difficult to replicate, multiple locations in the Kansas City area, and our future combined cafe and tobacco store that will create more volume and greater client loyalty.
This facility will act as a pilot project to determine the long-term profitability of this concept.Bplans: Tobacco Retail Business Plan About the Author Victoria Duff specializes in entrepreneurial subjects, drawing on her experience as an acclaimed start-up facilitator, venture catalyst and.
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Kiowa Smoke Shops tobacco retail business plan strategy and implementation summary. Kiowa Smoke Shops has been in operation as a family business since the early 's.
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