Business Plan

Name of Business

Author

Date

BUSINESS PLAN

INDEX
Page Index

1 Business Details 2 Executive Summary (including finance required)...3 Personal Details 4 Personal Survival Income 5 Type of Business 6 Aims 7 Marketing 8,9,10 Premises 11 Equipment 12 Year 1 Profit & Loss Account 13 Year 2 Profit & Loss Account 14 1

Business
Name of the business

Additional Information 15 S.W.O.T. analysis 16

Details

Address

Tel. No.

Mobile No. Web Address

E-Mail

Sole Trader

Partnership

Limited Company

Limited Partnership

Type of Business
Start-up Existing Franchise

Proposed or Actual Start Date Local Business Support Agency

Executive Summary
(An overview of the business to include a summary of finance required)

Funding Required Premises Equipment Vehicles Working Capital (from CFF) Total Made up from: Own resources Grants Loans Total

Personal Details
Name

Address

Postcode

Tel. No.

Date of birth

Age

Skills/Qualifications
CV to be attached if available

Previous Employment
CV to be attached if available

Personal Assets
House Vehicle TOTAL

Personal Commitments Outstanding

Mortgage Hire Purchase Loans TOTAL

Investments/Savings

N.B. If a partnership or a company include a sheet for each partner or director 4

Personal Survival Income

A Estimated Expenditure - by you and your family to survive the

next 12 months Mortgage/Rent Council tax Water rates Gas or oil/electricity Telephone (private) Property insurance Personal insurance Food and general housekeeping Hire charges Sky TV etc Hire purchase payments Annual subscriptions - clubs/societies Car (private use) Pension contributions Savings plan Building maintenance for house and garden Childrens expenses - presents Childrens education and pastimes Personal - including clothing, hobbies etc Holidays Subtotal Contingency @ 5% Total Expenditure

Estimated Income Non-business Partner (Net income, after deduction) 12 months total Child Benefit etc Other (part-time employment/pension) Total Income Survival income required from business (A B)

N.B. If a partnership or a company, include a sheet for each partner or director 5

Type of Business
Describe your Business and why it is distinctive

AIMS Year 1

Year 2

Longer Term

6 7

Marketing

What are you going to sell?

Who are your major customers?

Is the market price sensitive? C

Yes

No

What evidence of market research have you carried out to show the demand for your product or service?
i.e. response to leaflets, letters, questionnaires, face to face, phone etc

Who are your major competitors? - name them

8 E Describe their strengths/weaknesses

S:

W:

F S:

What are your strengths/weaknesses?

W:

How do you intend to promote and sell your product or service?

Include marketing costs

What is the basis of costing your product or service?

Including materials, overheads and direct labour

How do you propose to decide the price for your product or service?

Who are your major suppliers? What are their terms of trade?

10

Premises

Floor Area

Purchase Cost

If leasehold
Term of lease Period outstanding Date of next rent review

Present rent per annum

Planned Alterations with costs

Planning permission obtained

Yes

No

Building regulations obtained

Yes

No

Planning Authority

11

Equipment/Fixtures & Fittings

Existing

Proposed

TOTAL

Vehicles

Existing

Proposed

12

Year 1
Forecast Profit and Loss account for year 1
(all figures exclude VAT if registered)

Sales Less cost of sales Gross profit Less overheads Salaries & Wages Employees NIC Rent Rates & Water Repairs & Maintenance Gas & Electric Business Telephone Insurance Motor Expenses Advertising Stationery & Printing Legal and Professional fees Bank Charges & Interest Sundry Expenses

Total Overheads Net profit for year Drawings/PSI Tax & NI Total personal requirement Profit after Drawings

13

Year 2
Forecast Profit and Loss account for year 2
(all figures exclude VAT if registered)

Sales Less cost of sales Gross profit Less overheads Salaries & Wages Employees NIC Rent Rates & Water Repairs & Maintenance Gas & Electric Business Telephone Insurance Motor Expenses Advertising Stationery & Printing Legal and Professional fees Bank Charges & Interest Sundry Expenses

Total Overheads Net profit for year Drawings/PSI Tax & NI Total personal requirement Profit after Drawings

14

Additional Information

15

S.W.O.T. Analysis
Strengths (internal) Weaknesses (internal)

Opportunities (external)

Threat (external)

16