A bout tour business plan describes the sort of tours you'll offer and gives a snapshot of the revenues and net profit you could earn running the tours over a 3-5 year period. The plan should give as much detail about the tours as possible (routes, features, specs, etc.) as well as a good picture of the amenities available to your guests. Do patrons stay overnight on the craft and/or receive food service, or are all tours daytrips? The plan should make this clear as well as the following:
• What amount of capital will you need in order to launch?
• What are the tour companies you are in most direct competition with?
• What are the differentiating factors about your boat tours (competitive edge)?
• Who will be the management team members and what support staff will you require?
Also cover elements like marketing (how will you attract customers?), the state of the industry (are similar companies gaining momentum, or is the space losing ground?), and the use of funds you envision. Everything from travel permits to boat maintenance fees to ongoing overhead expenses should be accounted for the pro forma. If you need help developing the financial forecast or want to use expert researchers to make your pitch in the plan, call MasterPlans. Our in-house team of business planners has been producing funding-ready documents since 2002. Toll-free: 877-453-2011.
