A water damage restoration business plan describes the sort of water repair projects your business can undertake and gives an estimate for the volume of work your company can perform over a period of three to five years. The plan should detail each task your firm can fulfill (rug replacement, new sheetrock, light construction, etc.) and come up with an average cost per project as well as the number of bids you'll make and have accepted each year. If you operate in a flood zone where this sort of work is commonly up for bid, give that information as background and show what the forecast is for near-term work based on weather patterns. If your company is already in operation, consider including a company history section and a past performance table that shows your profitability in each of the past three years. Then answer the questions here:
• How many homes are there in your target market?
• How big geographically is the region from which you will get customers?
• What's the average value of a water damage restoration contract?
• Do you work with insurance companies or is it all direct-to-consumer?
• What business are you competing against most directly?
You should also talk about whether you offer ancillary services like, for example, mold abatement, reupholstering, and so forth. The business plan should look in depth at the competitive field and give the reader information on other businesses that do what you do, as well as their market share, staff levels, and potential weaknesses. The plan's marketing strategy needs to outline how you will advertise (referrals, online, radio, trade shows?) and show what strengths you have (“competitive edgeâ€). Include a management summary with info on you and your team (if established) and make a financial model that shows at least three years of expenses and revenues. Want help here? MasterPlans has written funding-ready business documents for a wide range of contractors and house repair experts. Call us now to hear more about us -- (877) 453-2011, toll-free.
