It should be noted that there is no special software required to use these templates. All business plans come in Microsoft Word and Microsoft Excel format. Each business plan features:

• Excecutive Summary
• Company and Financing Summary
• Products and Services Overview
• Strategic Analysis with current research!
• Marketing Plan
• Personnel Plan
• 3 Year Advanced Financial Plan
• Expanded Financial Plan with Monthly Financials
• Loan Amortization and ROI Tools
• FREE PowerPoint Presentation for Banks, Investors, or Grant Companies!

1.0 Executive Summary

The purpose of this business plan is to raise $50,000 for the development of a tailor shop while showcasing the expected financials and operations over the next three years. Tailor, Inc. (“the Company”) is a New York based corporation that will provide tailoring services to customers in its targeted market. The Company was founded by John Doe.

1.1 Products and Services

Tailor, Inc. will generate extremely high gross margins from tailoring and hemming of men and women’s clothing to customers within its target market. The business will also develop relationships with dry cleaners that will use the Tailor as an outsourced provider of tailoring work. The Company will develop a retail facility that will house all equipment necessary to provide the tailoring services on site. The third section of the business plan will further describe the services offered by the Tailor.

1.2 The Financing

Mr. Doe is seeking to raise $50,000 via a bank loan for the development of the business. The terms, interest rate, and loan covenants are to be determined at the time of negotiation. However, this business plan assumes that the Company will receive a 10 year loan with a 9% interest rate due on the outstanding principal balance.

1.3 Mission Statement

Tailor, Inc.’s mission is to develop an expansive facility that will provide tailoring services for individuals and companies that outsource tailoring work to the Company.

1.4 Mangement Team

Mr. Doe is an experienced business person that will be able to effectively manage the day to day operations of Tailor, Inc. His biography can be found in the sixth section of the business plan.

1.5 Sales Forecasts

Mr. Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years.

1.6 Expansion Plan

The Founder expects that the business will aggressively expand during the first three years of operation. Mr. Doe intends to implement marketing campaigns that will effectively target individuals within the target market.

2.0 Company and Financing Summary

2.1 Registered Name and Corporate Structure

Tailor, Inc. The Company is registered as a corporation in the State of New York.

2.2 Required Funds

At this time, Tailor, Inc. requires $50,000 of debt funds. Below is a breakdown of how these funds will be used:

2.3 Investor Equity

Mr. Doe is not seeking an investment from a third party at this time.

2.4 Management Equity

John Doe owns 100% of Tailor, Inc.

2.5 Exit Strategy

If the business is very successful, Mr. Doe may seek to sell the business to a third party for a significant earnings multiple. Most likely, the Company will hire a qualified business broker to sell the business on behalf of Tailor, Inc. Based on historical numbers, the business could fetch a sales premium of up to 2 times earnings.

3.0 Products and Services

As stated in the executive summary, the Company will be actively engaged in the business of providing tailoring and hemming services for men and women’s clothing. The business will render all tailoring work on site. The business will also generate secondary revenues from the sale of fabric used in conjunction with the tailoring services rendered by the Company.

4.0 Strategic and Market Analysis

4.1 Economic Outlook

This section of the analysis will detail the economic climate, the tailoring industry, the customer profile, and the competition that the business will face as it progresses through its business operations. Currently, the economic market condition in the United States is in recession. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows. Many economists expect that this recession will continue until mid-2010, at which point the economy will begin a prolonged recovery period. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows.

4.2 Industry Analysis

There are over 10,000 businesses that provide tailoring services to the general public. Among these businesses, the industry generates more than $3 billion dollars per year, and provides jobs for more than 40,000 people. Each year, average annual payrolls reach $1 billion dollars. The growth rate of these businesses has been in step with that of the general growth of the economy.

4.3 Customer Profile

In this section of the analysis, you should describe the type of customer you are seeking to acquire. These traits include income size, type of business/occupation; how far away from your business is to your customer, and what the customer is looking for. In this section, you can also put demographic information about your target market including population size, income demographics, level of education, etc.

4.4 Competitive Analysis

This is one of the sections of the business plan that you must write completely on your own. The key to writing a strong competitive analysis is that you do your research on the local competition. Find out who your competitors are by searching online directories and searching in your local Yellow Pages. If there are a number of competitors in the same industry (meaning that it is not feasible to describe each one) then showcase the number of businesses that compete with you, and why your business will provide customers with service/products that are of better quality or less expensive than your competition.

5.0 Marketing Plan

Tailor, Inc. intends to maintain an extensive marketing campaign that will ensure maximum visibility for the business in its targeted market. Below is an overview of the marketing strategies and objectives of the Company.

5.1 Marketing Objectives

• • Establish relationships with dry cleaners and apparel shops within the targeted market.

• • Implement a local campaign with the Company’s targeted market via the use of flyers, local newspaper advertisements, and word of mouth advertising.

• • Develop an online presence by developing a website and placing the Company’s name and contact information with online directories.

5.2 Marketing Strategies

Mr. Doe intends on using a number of marketing strategies that will allow the Tailor to easily target men and women within the target market. These strategies include traditional print advertisements and ads placed on search engines on the Internet. Below is a description of how the business intends to market its services to the general public. The Company will also use an internet based strategy. This is very important as many people seeking local services, such as tailors, now use the Internet to conduct their preliminary searches. Mr. Doe will register Tailor, Inc. with online portals so that potential customers can easily reach the embroidery and graphic design business. The Company will also develop its own online website. Tailor, Inc. will maintain a sizable amount of print and traditional advertising methods within local markets to promote the tailoring and hemming services that the Company is selling.

5.3 Pricing

In this section, describe the pricing of your services and products. You should provide as much information as possible about your pricing as possible in this section. However, if you have hundreds of items, condense your product list categorically. This section of the business plan should not span more than 1 page.

6.0 Organizational Plan and Personnel Summary

6.1 Corporate Organization

6.2 Organizational Budget

In this section of the business plan, you should write a two to four paragraph biography about your work experience, your education, and your skill set. For each owner or key employee, you should provide a brief biography in this section.

7.0 Financial Plan

7.1 Underlying Assumptions

• • Tailor, Inc. will have an annual revenue growth rate of 16% per year.

• • The Owner will acquire $50,000 of debt to develop the business.

• • Management will settle most short term payables on a monthly basis.

7.2 Sensitivity Analysis

In the event of an economic downturn, the business may have a decline in its revenues. However, tailoring and hemming services are always in demand among individuals. As such, only a severe economic downturn would result in a decline in revenues.

7.3 Source of Funds

7.4 General Assumptions

7.5 Profit and Loss Statements 

7.6 Cash Flow Analysis

7.7 Balance Sheet

7.8 General Assumptions

7.9 Business Ratios

Expanded Profit and Loss Statements

Expanded Cash Flow Analysis