The business plan go kart document is designed to show a prospective lender that you can put all the pieces in place to run a profitable go kart business with the span of a standard three year pro forma window. The go kart business model itself is fairly simple: you need to construct a track and purchase or lease a number of go karts that customers can drive on it for an hourly or package deal fee. Location is of course important; where are the other tracks nearest to your proposed site? Do you know their revenues or their staffing levels or their recent history? Learn all you can, then cover these market questions:
• What are the SWOT points of your primary competitors?
• What do they offer at each location besides go karts?
• What are their average price points?
• How profitable are they each year?
• What number of employees do they need at the management level and for staffing?
The answers can often be found online through business resource portals like Manta or Dun & Bradstreet. You can also get more data from buying paid reports on corporate filings or, if the company in question is public, looking into formal filings with the SEC. In addition, create a marketing plan that shows how your go kart company can get new customers and illustrate for bankers how it earns money each year and what amount of capital it could have by the terminus of a 3 year model. Need help? MasterPlans can write an entire business plan for you. We have worked on many go kart companies and can help you get moving forward as well. 877-453-2011.
