Above all, the wedding chapel business plan needs to talk about the need in your area for a wedding chapel. What is the marriage rate? How high is the divorce rate? Are there certain elements you can serve uniquely well, like gay marriage ceremonies or "quickie" marriages like those common in Las Vegas? Identifying the market need is the first key towards preparing the business plan well. Knowing what market targets you will service and how you will reach them is vital. Other components of the wedding chapel plan:
• How much funding do you think you need to launch? Will there be construction or build-out costs, and can you break those out by category?
• What sort of marketing techniques might you use to get people into the chapel?
• When do you think you can reach break-even?
• What are the competing chapels in the area, and where are they located?
Wedding chapel business plans also need to offer estimates of expenses and revenues so that potential profitability can be shown. Your Year 3 or Year 5 profit totals and margins are the basis for estimating investor share or gauging loan repayment schedules. Use industry averages and comparable figures wherever possible to make your model as accurate as you can. MasterPlans has worked on dozens of wedding chapel type business models and we would be a great resource for you to write your plan. Our in-house team of market analysts, editors, and financial modelers can get you a strong draft in under two weeks. Call 877-453-2011 today!
If you are ready to go, or not sure what kind of plan you need, fill out the form below and we'll call you.