section 1 company description description of business where located previous owner/business...
TRANSCRIPT
BUSINESS FINANCIAL PLAN
Section 1
Company Description
Description of Business
Where located Previous owner/business information Product suppliers
Legal Form of Business
Type of Business format
Company Governance
Who owns what percentages of the business
Company Location
Exact address Describe area located (city
information)
Goals
Short Term (six months or less) List two Explanation of how will be accomplished
Long Term (6 months or more) List two Explanation of how will be accomplished
Section 2
Operations & Management
Business Facilities Described Basic description Areas of Business
Describe each area and changes Examples
Sales Floor Stock Room Office Restrooms
Management Personnel Identified Introduction Sentence Each person or partner must be
listed as management List position Describe duties
Workforce Described
Introduction Sentence Current Workforce
List employee positions Working hours Training Wages
Projected Workforce Changes in hours Changes in pay Additional positions Manager roles/duties
Section 3
Target Market
Target Market Defined
Define the current market and traffic flow of customers
Who customers are, where come from, etc.
Create a chart identifying 6 popular items that are sold at other competitor stores
Target Market Define
Size Local college enrollments Trends of the college target market
Growth Potential Look at projected college enrollments Make an educated guess on your
business’ potential growth due to college enrollments
Need Discuss the needs of the colleges,
regular people, and local school districts
Effective Analysis
Market Potential What potential will your store have for
succeeding based on current market trends?
Current Market Patterns What is the current market pattern?
Sensitivities What might be the risks (sensitivities) of
opening and maintaining this type of business?
Section 4
Financial Institution
Financial Institution
Select a financial institution to apply for a loan and line of credit
Provide a brief history of the financial institution
List where they are located
Section 5
Loan Request
Loan Request
Purpose of the Loan Request and Amount requested Explain what loan will cover How much of a loan will needed and at
what percentage rate? How much will each owner invest? How much of a credit line be needed and
at what percentage rate?
Itemized Planned Expenditures Copy this table and fill in the
necessary piecesNew Equipment Cost
Clothing Fixtures $
Shelving Units $
Hangers $
Cash Registers $
Total $
Advertising Cost (approximate)
(#) Billboards $
Signs /Radio $
Total $
Persons Employed (per month) Wage per Hour
(#) Part-Time Employees $
(#) Managers $
Total $
Additional Items Cost
Desks $
Computer $
Wi-Fi (6 months) $
Insurance $
Trash Collection $
Total $
Property
(Address) 6,500 sq ft
Total per month $
Section 6
Works Cited/Synopsis
Synopsis
ONE (1) page Description of business, detailed
Type of business Where located New look
Assumptions Previous owner Current look
Loan Information Loan details Strategies to obtain loan Operating profits assumptions
Works Cited
List each website by copying and pasting the URL