Hostel Business Plan

From Hostel Wiki

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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!

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• 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

• Wikipedia has a good overview of business plans.
• Small Business Administration business plan advice
• Business plan outline
• Business plan advice

Sample Outline for Hostel Business Plan

• TO-DO: there are two outline samples below -- please combine them and start filling out sections with generic content that is specific to thostels

1. Cover sheet - information about the business name, address, contact person, etc.
2. Statement of purpose
3. Table of contents
   1. The Business
   2. Description of business
   3. Marketing
   4. Competition analysis
   5. Operating procedures
   6. Personnel
   7. Business insurance
4. 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
5. Supporting Documents
   1. Tax returns of principals for last three years Personal financial statement (all banks have these forms)
   2. For franchised businesses, a copy of franchise contract and all supporting documents provided by the franchisor
   3. Copy of proposed lease or purchase agreement for building space
   4. Copy of licenses and other legal documents
   5. Copy of resumes of all principals
   6. Copies of letters of intent from suppliers, etc.

Outline 2

• Business Overview
• Description of the business
• Major demographic, economic, social and cultural factors
• Major players (suppliers, distributors, clients)
• Nature of the industry
• Trends in the industry:
• Government regulations
• Market segment
• Products & services
• Pricing and distribution
• Market trends
• Implications or risk factors
• Competitors and type of competition
• Competitors' strengths and weaknesses
• Competitive advantage

• Sales & Marketing Plan
• Customers
• Suppliers
• Advertising & promotion

• Pricing & distribution
• Customer service policy

• Operating Plan
• Business location & requirements / advantages / lease details
• Equipment / technology / R&D / environmental aspects

• Human Resources Plan
• Key employees
• Policies & procedures

• Action Plan
• Action plan & timetable

• Executive Summary
• A brief description of the project, the financing required, and additional information that help explain the business plan 8

• APPENDIX:
• Financial Plan
• Floor Plan