Antique dealer business plans show how someone who deals in antiques can profitably expand their business with the help, typically, of a modest SBA-backed loan or a line of credit from a financial institution. After getting unsolicited support from the wildly popular television series Antiques Roadshow, the antiques dealers industry has seen strong revenues even as the economy has wavered in recent years. The connection everyone feels to items from their past is a driving force behind this market space and a big reason that it is forecast to have continued gains over the next 5-10 years. For your business plan, answer these questions:
• What are your current revenues and what's your company history?
• What do you plan to use the new capital for?
• Can you explain your role in the industry to date and explain your personal background as an antiques dealer?
• Does your company specialize in sourcing or appraising a certain kind of collectible or a certain era of antique?
• Will you need any personnel to support you?
The business plan will also need a full pro forma financial model including a revenue forecast, break-even analysis, the profit & loss table, a table/graph of the cash flow, and the balance sheet shown for at least three years. (Plans for investment often require a five-year model but the SBA will be content with three.) You should also be able to identify the marketing strategies you will rely on most heavily, going forward, to help your antiques business be profitable. A description of competitive comparables in the industry, the way you view the market need, and the exit strategy (if applicable) can also be prudent. MasterPlans has worked with a whole range of antiques and collectibles dealers and has delivered more than 50 business plans to people just like you. Call us today at 877-453-2011.
