An auto salvage yard business plan, if it is in support of an existing business, should describe the past few years of operation and include a past performance snapshot (table and graph) showing three fiscal years of profit and loss and balance sheet statements. Also describe the ownership, incorporation status, and purpose of the expansion capital, which needs to be spelled out in a use of funds table. From there, turn your attentions to the market you serve. Data is important, so deliver as much detail as you can on topics like these:
• How many customers have you had, historically, in a given month?
• What commonalities are there amongst your customer base?
• How does the industry this year compare to the year before?
• How do you expect to get new people using your business?
• What other salvage yards compete with yours?
Also talk about any partnerships that work in your favor, and highlight any successful marketing campaigns you have employed to date. What can you do going forward to ensure steady new customers? How can you expand the salvage business, and what profit do you expect within 2-3 years? Spell this out in a financial model showing revenues, cash flow, balance sheet, and a break-even point for the new capital you seek. Need help with the model or the market analysis? MasterPlans can deliver strong results on time and on budget. Call today for a free quote and consultation with a business development expert. 877-453-2011.
