The Canadian flea market business plan, much like a plan for a flea market in the US, should describe all of the pertinent details about what your flea market will require, what it will offer, and what sort of revenues it can generate. If you have a location plotted out and need to make only minor upgrades in order to accommodate booths or displays, show what your start-up costs will be. Don't forget to account for any permitting issues you'll face, and budget for any utilities, licenses, etc that you provide to the vendors. Also talk about the fee arrangement; do you earn a set fee (rental fee) per booth? Is there an override on per-display revenues and if so, how is it calculated (and how is it enforced)? Also be sure that your plan addresses these specifics:
• What is the target market for goods and/or services in this area?
• What sort of vendors (products) do you anticipate at the market?
• What external staffing needs are there?
• How much capital do you need? Will it come in the form of a bank loan, investment, or some other share scenario?
• When can the flea market break even?
The Canadian flea market business plan should use the Canadian Census to show who the likely customers will be in your target area and how much they spend per year (by household) on similar goods. This should flow into your revenue forecast, which should have a reasonable volume of aggregate sales in Year 1 pinned to an assumptions table in the plan. Also show use of funds, break-even, cash flow and profit and loss, and a balance sheet for each year of your projections. Mentioning your competitors is a good idea too. Need assistance with the research or the modeling required? MasterPlans has written 10,000 customized plans for businesses in the US and Canada. Call our experts today! 877-453-2011
