No matter who you're presenting it to, the cabinet shop business plan should include a few main sections: a description of the sort of cabinetry you make or the pieces your shop is best at; a look at the market conditions and how you will try to lure in more buyers; and a pro forma financial model showing three years of potential performance post-funding. In addition to these vital pieces, a quick overview (executive summary) with a funding request and use of funds will be expected, as will be a bio section that describes you and your role in the business. Other points:
• How will you market the cabinetry to customers?
• Do you do commissioned work, and if you do, what are the terms of the average engagement?
• Does your shop have any staff besides yourself?
• How much capital do you need and what is the payback scenario?
You need to pinpoint the moment at which you project break-even so that bankers know you have a sound repayment and growth plan. Also show a start-up summary so that it's clear how you will allocate the capital you get. Lastly, as with all SBA plans, you need to offer a month-by-month breakdown for the first year post-funding, typically shown as an appendix item. MasterPlans is the largest business plan writing company in the industry and we have written for several dozen specialty woodworking and cabinet businesses over the years. Call our experts today toll-free at (877) 453-2011.
