Need a scaffolding business plan? Depending on whether you are a manufacturer of scaffolding or a supplier (via rental agreements) of scaffolding to contractors and construction companies, your business plan will need to account either for production costs or for maintenance and replacement costs, as well as other overhead. The financial model for a scaffolding business should show a use of funds (in great detail, if you're submitting to a bank) along with a revenue forecast, assumptions, break-even analysis, profit and loss, cash flow, and a balance sheet as well as a monthly look at the first year post-funding. If you are already in business, a past performance table showing your past 2-3 years of balance sheets and P&Ls is also a good idea. For the body of the plan, answer these questions:
• What is your average cost in a set of scaffolding?
• What rental or sale agreements do you envision?
• What is the average length of use, if you'll rent them?
• What is your target customer base and how many potential clients are there in the area?
• What are your funding needs and when can you hit break-even?
The break-even and use of funds questions are critical to the reception of your scaffolding business plan, but the document also needs to clearly describe the scaffolding you offer (size, use value, longevity, construction specs, etc.) and the market for them regionally. If you target small construction companies that don't have this equipment themselves, how many companies are you eyeing, and what are their budgets for expenses like this? What is the market need you fill, in your own words (this is important to the SBA) and what is the state of the construction and home repair market? You'll also need a management summary and a marketing plan in the business plan that shows how you will get new customers. Need assistance with the financial model or the text of the document? Call the experts at MasterPlans today to learn more! (877) 453-2011.
