The business plan for fragrance oils is a document that shows the revenue potential of a business that either manufactures or sells at wholesale/retail level. The core question is, where will the fragrance oils be sourced from? If you have a supplier relationship, outline that in the plan and describe the benefits you get from the connection. If you have a manufacturing facility for the oils, what costs do you have associated with upkeep or, if it's new, buildout? A retail location will have a simpler model and plan requirement. For a retail plan, your fragrant oil sales should include these:
• What shops near to your location are the most immediate competitive threats?
• How do you plan to market your oils?
• Do you have staffing needs besides yourself?
• How much capital do you need to raise?
• If you're seeking a loan, what will be the terms?
The SBA plan requirements include a three year financial forecast which should feature a sales forecast, profit and loss statement, balance sheet, cash flow, sensitivity analysis, break-even, and a year one breakdown by month. The SBA will review your personal financials, credit history, and equity for collateral but your business plan needs to show a profitable model with the oils as well. Make sure your pro forma is realistic and still shows a good forecast. MasterPlans is the industry leader is business plans and can produce a great document for you in record time. Call us today for a free consult and quote: 877-453-2011.
