Hostel Business Plan

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This article is an outline and needs more content. It has a template, but there is not enough information present. Please plunge forward and help it grow!

  • This page will have one or more hostel business plan frameworks, and guidelines for writing an effective hostel business plan.
  • If you have written a hostel business plan that you are willing to share, please append it to this page.

Business Plan Resources

Sample Outline for Hostel Business Plan

  • TO-DO: please add generic content that is specific to the hostels

Sample 1

A business plan should be about 30 pages plus justifying/supporting attachments. It is never generic, so the template below serves as a basis, but points can be taken out or adapted according to need. It is a good idea to browse the links mentioned on top of this page as they provide additional tips. Bear in mind that you do not just write a business plans for the banks, but also for yourself; it gives you a good opportunity to make sure your vision can be put into reality.

This sample is loosely based on the example here and combined with other ideas.

  1. Cover sheet - information about the business name, address, contact person, etc.
  2. Statement of purpose
  3. Table of contents
  4. The Business
    1. Description of business
    2. Industry background
      1. Nature of the industry
      2. Trends in the industry
    3. Market analysis
      1. Major demographic, economic, social and cultural factors
      2. Major players (suppliers, distributors, clients)
      3. Competition analysis
        1. Competitors and type of competition
        2. Competitors' strengths and weaknesses
        3. Competitive advantage
      4. Government regulations (Legal & Zoning)
    4. Sales & Marketing Plan
      1. Customers
      2. Suppliers
      3. Advertising & promotion
      4. Pricing & distribution
      5. Customer service policy
    5. Operations plan
      1. Products & services
      2. Personnel (Key employess, Policies & procedures)
      3. Equipment needs (incl. lease details & advantages)
      4. If relevant environmental aspects
      5. Business insurance
      6. Implications or risk factors
    6. Action plan and timetable
  5. Financial Data
    1. Loan applications
    2. Capital equipment and supply list
    3. Balance sheet
    4. Breakeven analysis
    5. Pro-forma income projections (profit & loss statements)
    6. Three-year summary
    7. Detail by month, first year
    8. Detail by quarters, second and third years
    9. Assumptions upon which projections were based
    10. Pro-forma cash flow
  6. Appendix/Supporting Documents
    1. Floor plan
    2. Tax returns of principals for last three years Personal financial statement (all banks have these forms)
    3. For franchised businesses, a copy of franchise contract and all supporting documents provided by the franchisor
    4. Copy of proposed lease or purchase agreement for building space
    5. Copy of licenses and other legal documents
    6. Copy of resumes of all principals
    7. Copies of letters of intent from suppliers, etc.