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(Includes Hard Copy, CD-ROM and Immediate Download)
Based
upon a real 18 room historic Victorian Inn this plan
covers Inns, Country Inns, Bed and Breakfasts,
Boarding Houses and facilities with or without full
restaurant and bar capabilities.
The
Industry
Travel and tourism is the nation’s
largest services export industry, third largest
retail sales industry, and one of America’s largest
employers. In fact, it is the second, or third
largest employer in 29 states. The tourism industry
includes over 15 interrelated businesses, from
lodging establishments, Airlines and restaurants to
cruise lines, car rental firms, travel agents, and
tour operators.
The lodging industry is a cyclical business and when
coming out of a recession, hotels initially see an
increase in occupancy, followed by gains in
operating expenses, room rates, and finally,
profits.
The Lodging Industry seems
to be back in demand, thanks to the gradual global
economic recovery. The industry has been witnessing
a return of business travelers and a growing demand
for leisure. Riding on the back of improvement in
the U.S. economy and the consequent rise in
operating metrics, most of the hoteliers have
started reporting strong quarterly results. Profits
are expected to rise further in 2011 as bookings
continue to improve. Current indications according
to Industry analysts are for solid 2.5% growth
through this summer in room demand of 2.5% as
Americans take to the highways, railways, and skies
in search of summer fun at the beach and elsewhere.
Occupancies are also expected to increase by 1.7
percent from last summer to around 66.7 percent.
Smith Travel Research projects that the hotel
industry will end 2011 with increases in all three
key metrics , Occupancy, ADR and RevPar. The year
2012 is expected to end with a virtually flat 0.5%
increase in supply, and demand is projected to rise
2.2%. An environment marked with higher demand in
the face of lower supply leads to current
anticipation that the room rate will gradually swing
back to profits leading to RevPAR growth in 2011 and
2012.
U.S. economic growth during 2010 came in at a 2.9%
rate after inflation, the strongest performance of
the past five years. Such growth compares to a 2.6%
real rate of decline during 2009, the depths of the
recession. The swing in performance from 2009 to
2010 was the widest since 1983, a period of 27
years.
The increase in real GDP in 2010 primarily
reflected positive contributions from private inventory investment,
exports, personal consumption expenditures (PCE), nonresidential
fixed investment, and federal government spending.
Severe economic downturns often sow the seeds of robust recoveries.
During a slump in economic activity, consumers defer purchases,
especially for housing and durable goods, and businesses postpone
capital spending and try to cut inventories. Once demand in the
economy picks up, the disparity between the desired and actual
stocks of capital assets and consumer durable goods widens quickly,
and spending by consumers and businesses can accelerate rapidly.
Although the CBO expects that the current recovery will be spurred
by that dynamic, in all likelihood, the recovery will also be
dampened by a number of factors. Those factors include slow wage and
employment growth, high unemployment as well as a continued sluggish
housing market.Current
expectations by the CBO are for GDP growth of 3.1% in 2011 falling
off to
2.8 percent in 2012. This current forecast reflects the CBO’s
expectation of continued strong growth in business investment,
improvements in residential investment, net exports, and modest
increases in consumer spending
Source: Congressional Budget Office Economic Projections and
revisions.
Source: Congressional Budget Office Economic Projections and
revisions.
The continued rebound in GDP will also affect real disposable income
growth. Real DPI increased 1.4 percent in 2010, compared with an
increase of 0.6 percent in 2009. Even though economic activity began
to increase again during the second half of 2009, the unemployment
rate continued to rise, finishing the year at 10.0 percent. Hiring
usually lags behind output during the initial stages of a recovery
because firms tend to increase output first by boosting productivity
and by raising the number of hours that existing employees work;
adding employees tends to occur later. As the recovery continues,
the economy will add roughly 2.5 million jobs per year over the
2011–2016 period, CBO estimates. However, even with significant
increases in the number of jobs, a substantial reduction in the
unemployment rate will take some time. CBO projects that the
unemployment rate will gradually fall in the near term, to 9.2
percent in the fourth quarter of 2011, 8.2 percent in the fourth
quarter of 2012, and 7.4 percent at the end of 2013. Only by 2016,
in CBO’s forecast, does it reach 5.3 percent, close to the agency’s
estimate of the natural rate of unemployment. Current inflation
expectations barring any major Geo Political factors are for
inflation to remain low throughout 2011.
One primary measure of inflation, and a favorite of the Federal
Reserve, is the personal consumption expenditures (PCE) index. This
measure of consumer inflation rose at a 1.8% annual rate during the
fourth quarter of 2010, reflecting the recent rise in food and
gasoline prices. The core PCE, which excludes food and energy
costs, rose at only a 0.4% annual rate, the smallest rise on
record. Such a modest increase gives the Federal Reserve more
“cover” to maintain its key interest rate at essentially zero for
most, if not all, of 2011. With less uncertainty by businesses and
investors as to tax policy this year and next and with rising
expectations that split government in Washington will slow the
explosion in government spending the economy looks poised for
sustained growth as businesses and investors get back to the
business of growing and expanding the bottom line.
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Starting a small
business is always risky, and the chance of
success is slim. According to the U.S. Small
Business Administration, over 50% of small
businesses fail in the first year and 95%
fail within the first five years. Whether
you are starting a new Bed and Breakfast are
looking to raise additional capital to
expand your currently profitable Bed and
Breakfast, or looking to evaluate and value
your B & B to sell, current statistics prove
that you will do much better with a business
plan than without. According to Dunn and
Bradstreet the primary reasons for failure
vary, but all of the reasons come under the
category of poor planning.
You are a part of a 23.8 billion
dollar lodging Industry in the United States
representing one of the most competitive
Industries in the world. Your management
decisions will decide whether your Inn
survives or thrives in the face of increased
competition. The most important benefit of a
business plan is that it sets the stage for
the future of your business as you want it
to be positioned in the marketplace. A
business plan will make it easy for your
banker to take action as he/she gains
insight into the details of your Inn and the
goals that you have outlined. Potential
investors can review your plan and decide
whether or not to make an investment based
upon the risk. You will benefit most as you
study and gain detailed insight into your
own operations. Updating and constantly
reviewing your plan will give you more
insight as both a manager and decision
maker.
TIME IS MONEY...We have estimated
that it takes an average of 100 hours to
research, and write a comprehensive business
plan within any Industry. Creating and
compiling the five year financial plan and
forecasts including 5 years of budgets,
income statements, balance sheets, cash flow
analysis, and key financial ratio analysis
can take more than 20 hours of work by you
or your accountant. Now consider sitting
down in front of your computer to edit and
fill in the details of an already written
and organized complete bed and breakfast
business plan. Whether you are converting a
home and starting a 5 room bed and breakfast
or purchasing a 22 room existing B&B with a
restaurant and bar (Financial Calculators
are already built in if you decide to have a
restaurant and/or a bar all numbers then
consolidate), or you are looking for
expansion capital to open your second
location you will be able to edit this plan
into your own.
ALREADY RESEARCHED...ALREADY
WRITTEN
The Current Lodging Industry Analysis
included and trends forecast, was written
based upon current
Industry Sources. Now use your
computer's word processor to turn this
sample plan into your own. Enter your food
and beverage revenue assumptions, your
operating expense assumptions, and your cash
flow assumptions into the QuickPlan®
five year forecasting template using your
computer's spreadsheet program. You will
immediately have five years projected month
to month operating budgets, income
statements, balance sheets, cash flow
analysis and key financial ratios. Once you
have finished editing, print your plan and
simply insert it into the three ring binder
included, indexing it according to the
pre-labeled inserts.
QuickPlan®Bed
and Breakfast is a 360 page
comprehensive business plan based on an 18
room Bed and Breakfast Inn. It includes hard
copy and software for you to edit into your
own. Then simply insert your copy into the
three ring binder and organize it with the
pre-labeled index included.
The Complete
plan consists of hard copy and software
files of the following :
|
Before
You Begin Checklist |
2 pages |
(Text
file) |
|
Confidentiality Agreement |
1 page |
(Text
file) |
|
Table of
Contents |
6 pages |
(Text
file) |
|
Executive Summary |
9 pages |
(Text
file) |
|
Business
Description |
4 pages |
(Text
file) |
|
Current
2012 Lodging
Industry Analysis,
including Bed and Breakfast growth
rates. Updated January of 2012
and Outlook 2013. |
38 pages |
(Text
file) |
|
Marketing Strategy |
7 pages |
(Text
file) |
|
Location/Operations |
6 pages |
(Text
file) |
|
Management |
3 pages |
(Text
file) |
|
Financial Plan |
5
pages |
(Text
file) |
|
Employee
Manual |
11
pages |
(Text
file) |
|
B&B
Operations Manual |
16
pages |
(Text
file) |
|
Restaurant Operations Manual |
44
Pages |
(Text
file) |
|
Bartender Operations Manual |
15
pages |
(Text
file) |
|
Kitchen
Managers Manual |
34
pages |
(Text
file) |
|
Letter
of Intent to lease |
2
pages |
(Text
file) |
|
Menu/Facility Fact sheet |
2
pages |
(Text
file) |
|
HOW
TO RAISE MONEY/SBA CHAPTER |
23
pages |
Hard
Copy |
|
The
Small Business Administration’s 31
most asked questions |
9
pages. |
Hard
Copy |
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SBA Auto Forms, fill them in on your
computer:
Checklist for SBA presentation.
requires
Its FREE! |
2 pages |
(Text
file) |
|
Loan Application Standard |
7
pages |
Acrobat
File/Text |
|
Low Doc App. for up to $150,000 |
8
pages |
Acrobat
File/Text |
|
Short Form Express up to $50,000 |
5 pages |
Acrobat
File/Text |
|
Statement of
Personal History |
2 pages |
Acrobat
File/Text |
|
Personal Financial Statement |
2 pages |
Acrobat
File/Text |
|
ADA Guide for Small Business |
15
pages |
Acrobat
File/Text |
|
Five
year Forecasting Matrix
|
42
pages |
(Excel
File) |
|
Bed and
Breakfast/Hospitality Resources |
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(HTML
File) |
Five Year
Forecast Matrix (Spreadsheet File); type in
your assumptions and all of the following
statements are immediately calculated....42
pages;
Years 1-5 Month
to Month Operating Budgets and Years 1-5
Month to Month Income Statements
Years 1-5 Month
to Month Balance Sheets and Years 1-5 Month
to Month Cash Flow Analysis
Years 1-5
Financial Ratio Analysis and Years 1-5
Summary Statements
Years 1-5 Break
Even Analysis
Auto Generated Use of
Proceeds
Auto Generated Summary
Charts
Email me a Demo
The financial
matrix assumption section asks for over 615
lines of assumptions, (easy to use,
assumptions that don't apply to your
operation just plug in a 0), including
operating expense line items, balance sheet,
working capital, and financing assumptions,
the matrix even includes two financial
calculators built in to give you copies of
the amortization schedules for your
financing assumptions:
Bed and
Breakfast/Hospitality Resources on the
Internet over 350 html links
..(html file) to all of the following
categories on the Internet, (already in
html, just point and click)...Bed and
Breakfast Associations, Beverage Resources,
Culinary, Free Newsletters, Government,
Internet Marketing/Design
Services, Management resources, Point of
sale Reservation and Inn Management Software
Vendors, Publications, Recipes, Recruiters,
Restaurants and Chains, Restaurant
Directories, Culinary Schools and
Universities, Suppliers, and Other
Technology.
Starting with
the, "before you sit down checklist", you
will gather your information together to
edit each chapter into your own on your word
processor,( Windows, etc...). Remember that
you are editing a plan that is already
written around an 18 room Bed and Breakfast
so you can research as you write. Pull up
the Five Year Financial Forecaster
Spreadsheet and insert your operating
revenue and expense assumptions..... single
room rate, double room rate, number of
rooms, occupancy rate, cost of goods sold,
and operating expenses, and now study your
first year cash flow analysis to answer the
question of how much money you are going to
need. All five years of financial statements
are calculated and ready for printing and
insertion into your plan. Once finished ,
print up your plan and simply place it into
the three ring binder indexing it according
to the pre-labeled indexes included.
System
Requirements
MicroSoft™ Word™ and Excel™ or MicroSoft™ Office™
are required. The cost of this QuickPlan® Package,
hard copy , cd-rom and immediate email download
is $195.00
USD plus shipping and
handling, also available in download only format
for $145 USD.
Not available in any store, to order call
1-800-417-7017.
Order Complete Package Online $
195
Order Download Only Online $ 145
Write My B&B Plan
Order Now Call
1-800-417-7017
More Detailed
Outline;
-
Title Page.
-
Confidentiality Agreement.
-
Table of Contents.
-
Executive Summary
covering Statement of Purpose,
Business Description, Industry
Analysis, Marketing Strategy,
Location and Operations,
Management, and Financial Plan
including Use of Proceeds,
Exit/Collateral/Payback
Strategy, and Conclusion.
-
Business
Description
including
History, Legal Form of the
Business, Current Situation and
Future goals.
-
Industry
Analysis, Current Bed and
Breakfast/Lodging,
including
current 2012 Lodging overview
and Industry
forecast,
current B&B (SIC 7011-07) growth
rates by State and Region, Operational Trends
and Lodging Outlook for 2013,
Local market Segment, the bed
and breakfast customer profile
including sample POP-FACTS
demographic report summary so
that you can work with POP-Facts
if you choose, to generate your
local market demographics and
customer profile.
Targeted Customer profile,
local competition, and business
risks.
-
Marketing
Strategy
including
building and signage, sales
strategy, customer service,
advertising and promotion, Media
Plan, Publicity Strategy,
Associations and Community
Relations.
-
Location and
Operations
covering Property
and Facility, Licenses and
Government Regulations,
Utilities Requirements,
Build-Out Estimates, Permits,
Build-out Equipment, Furniture,
Restaurant Equipment, Menu,
Personnel/service, Procedures
and Controls, Inventory,
Ambiance and Entertainment.
-
Management
covering key principals,
managers and responsibilities.
-
Financial Plan
summary of provided five year
pro forma statements and
assumptions, capital
requirements, Use of Proceeds,
Exit/Payback Strategy, and
conclusion.
-
Projected five year
month-to-month financial
statements can be generated with
the "Big Picture Matrix"
including:
-
Email me a Demo
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Worst Case Scenario projected
five year month-to-month
financial statements:
Operating Budgets
Income
Statements
Balance
Sheets
Cash
Flow Analysis
Break
Even Analysis
&
Financial Ratio Analysis
Industry
Operations Comparison, your numbers
vs the Industry for your business
profile.
Auto
Generated Use Of Proceeds Statement
Operating Budgets
Income
Statements
Balance
Sheets
Cash
Flow Analysis
-
Realistic Case Scenario
projected five year
month-to-month financial
statements:
Operating Budgets
Income
Statements
Balance
Sheets
Cash
Flow Analysis
Break
Even Analysis
&
Financial Ratio Analysis
Industry
Operations Comparison, your numbers
vs the Industry for your business
profile.
Auto
Generated Use Of Proceeds Statement
Operating Budgets
Income
Statements
Balance
Sheets
Cash
Flow Analysis
-
Best
Case Scenario projected five
year month-to-month financial
statements:
Operating Budgets
Income
Statements
Balance
Sheets
Cash
Flow Analysis
Break
Even Analysis
&
Financial Ratio Analysis
Industry
Operations Comparison, your numbers
vs the Industry for your business
profile.
Auto
Generated Use Of Proceeds Statement
Operating Budgets
Income
Statements
Balance
Sheets
Cash
Flow Analysis
You also receive
everything else that comes with
QuickPlan®B&B:
-
Bar
Manual for you to edit into your
own.
-
B&B
Employee
Manual for you to edit into your
own.
-
B&B
Operations
Manual for you to edit into your
own.
-
Complete Current Industry
Forecast and Bed and Breakfast
trends projections
-
Current Restaurant Industry
Forecast from sources including
the National Restaurant
Association.
-
Restaurant Employee Manual.
-
Restaurant Operations Manual.
-
Bar
Operations Manual.
-
HOW
TO RAISE MONEY/SBA CHAPTER
-
The
Small Business Administration’s
31 most asked questions
-
ADA
Guidelines for Small Business
-
SBA
Auto Forms and Info.
A final
hard copy of your plan with
professionally printed indexes
covering supporting documents for
your plan:
Advertising Samples
Articles
of Incorporation
Awards
Bar
Build-out Estimates
Collateral Statement
Competition
Company
Financials
Demographics
Employee
Manuals
Equipment Estimates
Floor
Plan
Health
Department
Industry
Analysis
Insurance
Internet
Inventory
Licenses
and Permits
Lease
Agreement
Loan Application
Menu/Property Fact Sheet
Management Resumes
Operations Manual
Real-Estate
Recipes
Staff
Schedule
Trade
References
Vendors
Personal
Information
Make
your first impression count and
concentrate on getting your Bed and
Breakfast open!
Order Complete Package Online $ 195
Order Download Only Online $ 145
Write My B&B Plan
1-800-417-7017
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With
Millions raised since 1997, we would like to thank the
