A business plan for creamery should get into all of the products you create -- cheeses, ice creams, yogurt, butter; whatever it is your factory can churn out, you should describe it and assign a price. The sales forecast use present realistic data about your market penetration rate and the retail or wholesale price your products can command. If you're not sure where to start with the analysis, consider looking at the costs of your competitors. There are some major creameries out there, and while most of them are private companies and won't have data available to the public, you can make some strong estimates with good research. The plan should answer these questions about your creamery:
• Where is it and what costs are associated with the start-up/expansion?
• How will you spend the capital you get (show by category)?
• What share are you prepared to offer to your investor partners?
• Are there competitors near you to account for?
• What future products might you unveil?
There are other issues for the creamery business plan that you should explore. Will you derive ancillary revenues from factory tours, online sales, non-food products, etc.? The revenue model need not reflect future sales channels (if they are only tentative or theoretical) but the core sales items should be covered for 5 years in the model. Show the break-even point and the cash flow for the life of your model. The plan also needs a market analysis showing who your buyers are and how the industry is constituted; it is also wise to have a management team section and a short marketing plan. MasterPlans can help with the plan. Call us today at 877-453-2011.
