How did yall go about writing your business plan? What did you include? Found a sample plan online but dont know if this is a good example of what I should create.
http://www.bplans.com/auto_repair_shop_business_plan/financial_plan_fc.php#7.1_Break-even_Analysis
It doesnt exactly look right. For example it shows year 1 sales of $178,800 and direct cost of sales being 10% of that at $17,880. Direct cost of sales would be parts cost wouldn't it? Granted whoever wrote this probly doesnt understand the auto repair business so that is understandable that it wouldnt look right.
What I was thinking is parts cost would be about 45% of labor. Does that sound right for making my business plan
Then under expenses it shows Deppreciation, EBITDA (whatever that is), interest expense, and taxes incurred
What I have is
Payroll
mortgage/rent
utilities
Ondemand/identifix
insurance
payroll taxes
equipment payment
advertising
uniforms
safety kleen
I have my breakeven about $155k in gross profit(after parts bill), or about $3000/wk. May be a little low, I am probably leaving something out.
I realize a business plan is more than just a sales and expenses projection, so any advice is appreciated.