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So what should a typical Business Plan cover and is the Subshop Business plan any different from others?
Essentially they all cover the same ground and topics, but the responses are quite different for each brand of course, otherwise they would all sound the same and all you would have to do is to copy it and insert your name in a few places. Not so easy. You need to supply me with sufficient information so that I can "sell your story" to the recipient(Bank or Franchisor)
The basic topics of a Business plan are as follows:
Summary of the Plan
A1. Amount of money needed for a loan and where the money will be used
A2. An Executive summary
A3. The basic details of this deal quickly summarised
The Business Description
B1. Industry background, size of market
B2. Marketing, Advertising
B3. Products and Services
B4. Pricing, Margins, Product life cycles
B5. Customers, policies
B6. Distribution, Suppliers
B7. Employees, Labour costs
B8. Competition, your (product) uniqueness
Financial matters
C1. Your personal financials, business financials
C2. Projections and cash flows, 1 Year, 5 Years
C3. Assumptions for projections
C4. Risk assessment, industry outlook
My Subshop Business plan is a more concise variation of the above and very specific to Sub Sandwich brands as some brands are such strong entities in themselves. Normally such a plan would accompany your application, financials and be presented prior to an interview and after passing a Wonderlic crafted test.
Need help with your Business Plan ? sign up for my Business Plan service (under the Services tab). I have worked on many plans for different areas, each one different based on requirements. When you get a Business plan from me, I will also help with your Franchise interview process and the FDD(UFOC) details so that you are well prepared for it.
fayaz@mrfranchiseman.com, or 949-253-4610, or 800-401-6424