The bicycle repair business plan is a simple document if you know your market and can identify and describe your user base. The document needs to describe the repairs you can make (chain alignment, frame reconstruction, tire replacement, etc.) along with the average price points for each kind of service. And how many people do you need to run the shop? Including a personnel plan for every year you'll be open is an important and will be a requirement of the SBA. If it's a one man operation, you can omit this detail. Regardless of your size, cover the following topics in depth:
• What is the market locally?
• How many repairs can you do per month?
• What amount of capital are you seeking?
• How will you spend it by category?
• Who do you compete with?
The competition piece needs to be explored in depth -- measure your company against the major players in the close-in market. What are their sales? How many people do they employ? See if you can answer questions like this. Also talk about the marketing techniques you'll use. Grassroots, print ads, Internet CPC, guerilla tactics -- what makes sense for your business? If you need help determining this or want to outsource the pro forma task to qualified professionals, call MasterPlans. Our team can create 3-year and 5-year models with ease and we have access to the most current research available. 877-453-2011.
