Plumber business plans are among the easier bank-ready plans to prepare, inasmuch as they describe a well- known business model and won't require exhaustive research for make the case for viability. That doesn't mean they're simple, though, particularly if your skill set lies more with fixing water lines than Excel spreadsheets. Your business plan needs to describe in full all of the different plumbing services you can offer and then show that you have enough prospective customers in the immediate area to support the business' growth and cash flow the loan you're seeking. The plan should answer:
• What rate will I charge, and will it be hourly, flat-fee, etc.?
• Who are my competitors?
• What limitations are there to my abilities -- ie, when might I need to call in a subcontractor?
• What are my start-up expenses going to be?
• How much money do I need?
The plumber business plan should show how you intend to market the plumbing service as well. If there are certain methods known to be most effective for your competitors (Yellow Pages, internet ads, promotions?) then piggyback on those. The plan's pro forma, per Small Business Administration standards, needs to show at least three years of statements. Include a sources and uses of funds, a revenue forecast and break-even point, the profit and loss statement, cash flow, and a balance sheet for each year, along with "monthlies" for Year One. MasterPlans has written 11,000+ business plans to date and can get your plan together quickly. Call us if you want to get it done professionally: 877-453-2011.
