Business plans for soup kitchens should offer enough information to show the prospective investor or donor what their money will be doing while also making a strong case for an appropriate use of funds on an ongoing basis. The lynchpin in the type of presentation you will make is whether the soup kitchen is a for-profit venture or whether you'll file for 501(c)(3) registration status. If you intend to generate profit from the kitchen, your pro forma model will show outflows that can be used to service the loan and compensate the owners as profit. In the more common non-profit model, the way to shape the financials is to show funding being diminished (but not depleted) over the life of the operation for a period of at least three years. Most investors will consider this model sufficient to forecast financial performance and retention of donated funds on an ongoing basis. The plan should also cover the obvious topics:
• Who will the soup kitchen serve?
• What special needs does the local homeless community have, and what will you do to fill them?
• Will there be any marketing required so that people in need know about the service?
• What costs do you foresee tied to food preparation, storage, and service?
• What is the minimum amount of funding you will need to run the soup kitchen effectively?
The soup kitchen's financials can be difficult to prepare if you don't know what your audience is looking for, but you can trust MasterPlans to develop the right analysis. We have worked with literally hundreds of restaurants and cafÃ© models since we got into business ourselves in 2002, and we have a special expertise with pro forma models for non-profit and charitable businesses where use of funds is the most important factor. Call us today to speak with a consultant about your vision and your needs for this project. Consultations and plan fee quotes are always free of charge. (877) 453-2011.
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