BUSINESS PLAN

Is This Business a Franchise? Yes

Is This Business a Franchise? YesNo

If so, what is the Franchise name?

Give a brief overview of the background of the business (when founded, summary of purpose/business model)

Nature of the Business

Describe the concept and its products/services provided

Marketing Analysis and Strategy

Explain promotional plan, pricing, distribution strategies, etc.

What made you choose to pursue this business?

Who will manage the business? If not an owner of the business, please provide a brief overview of the manager’s background and why you chose this person.

What will each owner’s day to day role and main responsibilities be in the business? Be sure to be specific and include great detail.

What will be the ownership percentages and titles of each owner?

	Owner Name	Ownership	Title

Do any of the owners have direct industry experience related to this business? If so, please explain.

Do any of the owners have very relatable experience ex: business ownership, business management, etc related to this industry? If so, please explain.

If not, how will the owners mitigate a lack of direct experience in order to be successful?

Why are you the right people for this type of business?

If this is a franchise, what type of support does the franchise provide before and during operations?

Who is your targeted, key customer and their demographics?

Where will your business be located?

What are the surrounding businesses?

Who are your main competitors in the area?

How will your business compete with these competitors? Explain why your product and/or service is better. Also, be sure to describe any competitive advantages you may have, such as a patent or other unique comp onent to your business.

What are the demographics of your business’s location? traffic, household income, age, etc

What will be your hours of operation (Days and Times open, closed/open on holidays?)?

How will your business be affected by the COVID‐19 environment (if at all) and what short‐ and long term plans do you have in place to help mitigate any adverse effects?

Do you have any contingencies in place regarding your business, lease, construction, or any other agreements you have signed regarding COVID‐19 and any possible delays in opening your business?

Do you have plans to expand this business?

If so, please explain your growth strategy including how many units you are pursuing, over what period of time and how they will be funded.

BUSINESS PLAN

History and Background of the Business

Owner and Management Summary

Location

Future Plans