The golf shop business plan is a document that shows the revenue potential of a store that sells clubs, tees, balls, apparel, and other common golf items, typically near or a course. Golf shop business plans usually require only a three-year financial model, as a bank loan is generally sufficient to capitalize them and the SBA only needs a three-year pro forma. Nevertheless, this model should include all of the standard tables including revenue forecast, a break-even point that ties into your projections, cash flow, profit and loss, and a balance sheet. Including “monthlies†for year one and a sensitivity analysis, as well as a start-up table, is also prudent. Other sections of the plan:
• What will your primary strengths be?
• Who are your direct competitors and where are they located?
• Do you have a location picked out, and where is the nearest course?
• Can you make a statement about the popularity of golf in the immediate area?
• Are there industry stats to help your case?
• What staffing requirements will you encounter during your next three years?
The personnel plan is just one half of the “people equation†– you should also identify your background as the owner and provide a full bio that includes your relevant experience, past work history, educational background, etc. Banks like to see that in addition to steady credit and available collateral, you are familiar with the industry and have demonstrated experience in the arena. A marketing plan should also be included with your document, and this section ought to show the sort of channels that can help get your golf shop name in front of customers. Need support with this plan? MasterPlans is the industry's leading business plan writing firm and we've delivered dozens of finished plans for different golf industry concepts since we opened in 2002. Call today! (877) 453-2011
