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Strategic Analysis free jet ski business plan current research! Jet Ski Rental, Inc. The Company was founded by John Doe. The business will rent jet skis and wave runners on an hourly basis to individuals that are over the age of The Company will maintain an expansive inventory of jet skis and related safety equipment that are commonly used in conjunction with Jet Ski rental businesses.
Doe is sourcing a number of vendors from which the business can acquire large inventories of jet skis and safety equipment. The third section of the business plan will further describe the services offered by Jet Ski Rental, Inc.
The interest rate and loan agreement are to be further discussed during negotiation. The financing will be used for the following: Doe has more than 10 years of experience as an entertainment focused entrepreneur.
Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations. Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years.
Doe intends to implement marketing campaigns that will effectively target individuals that frequent beaches within New York as well as developing ongoing relationships with New York based resorts that will refer clients to Jet Ski Rental Service, Inc.
The Company is registered as a corporation in the State of New York. Below is a breakdown of how these funds will be used: Doe is not seeking an investment from a third party at this time.
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 Jet Ski Rental, Inc. Based on historical numbers, the business could fetch a sales premium of up to 3 times earnings.
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 for a significant period of time at which point the economy will begin a prolonged recovery period. The growth of this industry has remained on par with the growth of the economy in general, and is expected to remain as such as time continues.
Among individuals, the Company expects that people that are frequenting the beach and want to rent a jet ski or wave runner for an hour or more. Among these users, Management has outlined the following demographics: The second demographic targeted by the Company are corporate event planners and independent event planning businesses that are hosting events on the beach on behalf of their clients.
These companies will directly contract with the Company to provide equipment for large scale beach oriented events. 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.
Below is an overview of the marketing strategies and objectives of the Company.
Doe intends on using a number of marketing strategies that will allow Jet Ski Rental, Inc. 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 that enjoys the beach.
The Company will maintain a sizable amount of print and traditional advertising methods within local beach oriented markets to promote the jet ski rental services that the Company is selling. This is very important as many people seeking local services, such as renters of jet skis and wave runners, now the Internet to conduct their preliminary searches.
Doe will register Jet Ski Rental, Inc. The Company will also develop its own online website showcasing the services offered by the business, relevant contact information, and preliminary pricing information.
Finally, the business will develop ongoing relationships with event planners as well as local beach hotels and motels that will subcontract the rental of jet skis to the Company. 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. For each owner or key employee, you should provide a brief biography in this section.OPP are urging the public to be careful while boating this summer after a year-old was thrown from a jet ski and flown to hospital with serious injuries.
leslutinsduphoenix.com feels that it is important to know what you are buying. Below are complete business plans that exemplify the complete business . In reality, jet ski rentals are grueling business models that place high demands on owner-operators.
During peak rental season, plan on spending nearly every waking hour at the beach. It's a dawn to dusk, 7 day a week lifestyle for several months a year.
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