Business Plan Service
Why do you need a Business Plan?
Starting or growing a new franchise business without a comprehensive and professional Business Plan is rather like going on an important car journey without a map, not knowing how safe your car is and how much petrol you have or will need to reach your destination!
Do you really want to leave so much to chance or do you want to give yourself the best possible opportunity to arrive safely, or in the case of your business, make sure that you achieve your key business objectives without running out of money?
This is why having a good business plan, whether you are borrowing money or not, is so important. It acts like your Business Sat Nav, helping to guide you from where you are now to where you want to get to in the future. Helping you to see what is around the corner and giving you something to regularly measure your actual progress against.
The benefits of a Franchise Finance Business Plan
Your plan will be worked on by an experienced consultant, the team has over 100 years of combined lending experience.
The process we adopt will help you to crystallise your thoughts and develop a clear strategy to achieve your chosen objectives. It will cover non-financial aspects such as your Franchisor details and history, your products and services and your market place. Also your competition, territory demographics and of course your marketing proposals.
It will also include a full set of financial projections in order to gauge profitability and ensure your plans are ‘worthwhile’ taking forward. Further to this, you will have a monthly cashflow forecast, establishing how much money you need at the outset, so you do not run out of working capital along the way.
Businesses go bust when they run out of money so your projections will include a Breakeven Analysis to help you understand what level of sales you need to achieve each month so that this does not happen to you.
Don’t just take our word for it: