A roadside assistance business plan, used for a company that models itself after AAA, is a simple enough document to prepare in theory, but it does need to pull together enough statistics on the industry to make a convincing case for why the market needs a new player. If you're in business already, provide a description of your recent years in business, pull together your profit and loss statements and balance sheets, and describe how you have invested any outside capital to date. For a start-up, you should know that a banker will be looking for a set of information on the market potential for your new company. Among the questions sure to get asked:
• How many roadside assistance businesses are there in the area?
• What is the combined revenue in this industry nationally?
• How much have companies in this space made locally?
• How many employees does the average company have?
• What amount of money do you need to complete and how will you spend it?
The business plan for roadside assistance needs to address the market from a few angles. Having competitive research helps because it can be used as a baseline for your own modeling. You should also, however, talk about the market need and the customer profile (commonalities, demographics, etc.) that is most likely to pay for a roadside assistance service. Also show whether you plan to sell membership coverage or just charge for one-off assistance fees, and list out the potential sales by month for the first year. Need assistance with this pro forma or with the local market analysis? The experts at MasterPlans can help you to get a business plan together for any funding source you intend. Call today at 877-453-2011 to learn more.
