The business plan for cemetery should fully describe the different interment services you will offer. Do you envision offering mausoleums and other large burial installations, or just headstone plots? How many people will you employ to run the cemetery on a full-time basis? The type of burial services you offer won't dictate whether you can receive funding, but you should give as much detail as you can about the type of services you have in mind and expound on anything that might become a “future service†if you have a defined expansion plan. Other items to cover in a cemetery business plan:
• - How many burials are you likely to perform in a given week and, by extrapolation, by quarter?
• - Do you know the amount of capital you need in order to launch and how you will allocate it, by category?
• - What type of equipment will you have to purchase?
• - When do you think your business will hit its break-even point?
• - How much profit do you expect within 3 years?
If you need to solicit private investment with the business plan, you will need to show a five-year financial model that includes a sensitivity analysis, detailed assumptions, and an investor share presentation and/or an IRR calculation, depending on the needs of your audience. If bank lending will be sufficient for the cemetery, then a three-year financial pro forma will be enough, but you should still show anticipated revenues, balance sheet, cash flow, profit and loss statements, and a full personnel plan, break-even analysis, and Year 1 by month. Need help with the presentation? MasterPlans has worked on a wide variety of start-up business plans and has several cemetery, cremation, and burial service plans under its belt. Call us today at 877-453-2011.
