Need a business plan for a linen rental company? If you're already in business renting linens, you probably have a good feel for your client base. Wedding events companies, corporate retreats, and large private parties are among the most common customers when it comes to needing borrowed linens. For an existing business, show your past performance in as much detail as you can – a good rule of thumb is, if you've been around three years, show three years of profit and loss statements (consolidated) and balance sheets. If you've been around longer, just focus on the past three; less than that, consider whether your plan will be better received treating the business as still a start-up in the model. Either way, you should cover the following:
• Pinpoint your most likely customers in the region
• Show the major competitors to your business
• Itemize your start-up/expansion capital needs, by category
• Talk about your competitive edge
• Give an idea of who will run the business and the staffing needs you'll face
Also, the linen rental company business plan should have a marketing section that at least explores some of the basic methods you might use for client acquisition. How much of this work occurs online versus through word of mouth or referrals? Show your reader that you know where your customers will come from going forward. Building at least a three-year pro forma using industry or historical averages and assumptions pulled from market data is vital to the plan as well. Need help? MasterPlans has worked with dozens of event and rental companies in all stages of the business lifecycle. Out business planning experts can get you a great plan in as little as two weeks. Call 877-453-2011 to learn more.
