Name: Mathew Randall

Age: 27

Business: Marbucon Ltd Trading As Marbu Clothing

Service: Menswear Retail

Website: www.marbuonline.com

University Attended: University of Bath

Year Graduated: 2005

Background:

Marbu Clothing is a new menswear retail company trading with its own shop and online. With its online strategy, Marbu aims to alleviate two problems that are commonly known across the clothing industry. The first problem is that customers cannot be sure clothing items ordered online will fit them properly, contributing to a return rate in excess of 30%. Marbu will solve this problem by measuring all the clothes that it sells and providing these details so a customer can match them up to their own physical measurements and/or existing clothing they have. The second problem is that when buying online the customer can’t see how the clothes will actually look on them. Marbu will solve this problem by providing a virtual mannequin which can be changed to match the customer’s features and then used to display the specific items of clothing on.

At a glance....

Started Trading: April 2010

Predicted Turnover Year 1: £100K

Investment: £49.5k

Number of Employees: 1 Part Time

Business Start Up Growth:

Launched store unit on April 14th 2010

Initial trading figures have indicated a strong start since opening the store due to a positive response from the local area.

The aim is to have most sales revenue being obtained from website sales – for instance by year 3 Marbu Clothing are aiming for 50%+ of sales revenue to be generated from online sales.

Business Achievements/Awards:

Managed to start from scratch with no retail background, obtain a unit and do all the fixture and fittings single handily to save on costs. 

Managed to secure stock from well known brands such as Henleys, Duck & Cover, Fly53, Drunknmunky, Full Circle and GAS Jeans.

Marbu Clothing on how Make It Happen has helped:

“I went to the Make It Happen day with my idea and on the cusp of getting going however the day gave me the final push of inspiration. To hear from those who have been there and done it convinced me to make the final push along with the help from the Make It Happen website through My Plan certainly got me to think about things that were essential for my business.”

About the Make It Happen Programme:

Make It Happen (MIH) is a new national programme to support recent and ‘about to become’ graduates setting up in business. It's FREE to take part and is funded by the UK Government and delivered by National Council for Graduate Entrepreneurship, HSBC and Business Link. www.mihmentoring.com