Travel Agency Business Plan

Document Sample
Travel Agency Business Plan
We’ve Got It! www.megadox.com









[NAME OF COMPANY]



BUSINESS PLAN

[date business plan issued]









Contact: [name], CEO [or President]

[address]

[phone no. & fax no.]

[email]

[web site]









The information contained in this business plan is confidential and proprietary to [NAME OF

COMPANY] (the “Company”) and is intended only for the persons to whom it is transmitted by the

Company or its representatives. Any reproduction of this document, in whole or in part, or the

divulgence of any of its contents without the prior written consent of the Company, is prohibited.



This is a business plan. It does not imply and shall not be construed as an offering of securities. Persons

interested in pursuing an investment should contact their professional advisors.

-2-





Business Plan Copy No. _______









2

Confidentiality Agreement



The undersigned reader acknowledges that the information provided by [NAME OF

COMPANY] in this business plan is confidential. Therefore, the undersigned reader

agrees not to disclose any of such information without the express written permission

of [NAME OF COMPANY].





It is hereby acknowledged by the undersigned that the information to be furnished in

this business plan is in all respects confidential in nature (other than such information

which is already in the public domain through other means) and that any disclosure or

use of same by the undersigned may cause serious harm or damage to [NAME OF

COMPANY].





Upon request, this document is to be immediately returned to [NAME OF COMPANY].









Signature





Print Name





Date

-2-





TABLE OF CONTENTS

Confidentiality Agreement ...................................................................................................................................... 1

EXECUTIVE SUMMARY ......................................................................................................................................... 1

I. COMPANY OBJECTIVES ......................................................................................................................... 2

1.1 Goals & Objectives ........................................................................................................................... 2

1.2 Vision / Mission Statement ............................................................................................................... 2

1.3 The Market ........................................................................................................................................ 2

1.4 Keys to Success ................................................................................................................................. 2

II. THE COMPANY .......................................................................................................................................... 2

2.1 History & Background (revise to fit the circumstances of your organization) .................................. 2

2.2 Directors............................................................................................................................................ 3

2.3 Management Team ............................................................................................................................ 3

2.4 Outside Consultants & Professional Advisors ................................................................................... 4

III. DESCRIPTION OF PRODUCTS & SERVICES .................................................................................... 4

3.1 Facilities & Technology .................................................................................................................... 4

3.2 Products & Services .......................................................................................................................... 4

3.3 Future Plans....................................................................................................................................... 4

IV. MARKET ANALYSIS & MARKETING PLAN ..................................................................................... 5

4.1 Industry Analysis............................................................................................................................... 5

4.2 Target Market.................................................................................................................................... 5

4.3 Future Trends & Strategic Opportunities .......................................................................................... 5

4.4 Competitors ....................................................................................................................................... 6

4.5 Competitive Strategy ......................................................................................................................... 6

4.6 Marketing Strategy ............................................................................................................................ 6

4.7 Pricing Strategy ................................................................................................................................. 6

V. MANAGEMENT & ORGANIZATION .................................................................................................. 7

5.1 Key Personnel ................................................................................................................................... 7

5.2 Organizational Structure ................................................................................................................... 7

5.3 Personnel Plan ................................................................................................................................... 7

5.4 Employee Training ............................................................................................................................ 7

VI. FINANCIAL PLAN ..................................................................................................................................... 7

6.1 Sales Forecast.................................................................................................................................... 7

6.2 Important Assumptions ..................................................................................................................... 7

6.3 Start-Up Requirements ...................................................................................................................... 8

6.4 Break-Even Analysis: ........................................................................................................................ 9

6.5 Projected Profit and Loss .................................................................................................................. 9

6.6 Projected Cash Flow ....................................................................................................................... 10

6.7 Projected Balance Sheet .................................................................................................................. 11

6.8 Business Ratios ............................................................................................................................... 12

APPENDIX “A” [support documents] ................................................................................................................. 14









2

[NAME OF COMPANY]

BUSINESS PLAN



EXECUTIVE SUMMARY

(NOTE: The Executive Summary is the section of the business plan in which you give an overview of the business, its

present status and future direction, and highlight the key points and the purpose of your business plan. This section

should be written after the rest of the business plan.)



Company



The Company is a full service travel agency located in _____________ and is a/an ________________

Travel Service Representative. The Company has ____ full-time agents, ___ affiliate offices and ___

associates.



The Company will be managed by [_____________________ (name of owner/operator) / a team of

_____________ individuals] with a total of _______ years experience as travel industry professionals, a

chief financial officer with _____ years of accounting and administrative experience, and _________ [list].



The Company has a number of major competitors which we will seek to acquire market share from. None

of these competitors offers the same unique combination of price, range of options, and service that the

Company offers. Our competitive edge is far more than just selling travel and packages. It is in taking the

time to know our customer's needs and matching those needs with the best possible choices. We

guarantee our clients personalized service. We pride ourselves on being able to provide complete travel

service at the lowest possible prices.



Mission



The Company will offer our customers superior customer service, travel selection and value for their

travel dollar. We are committed to building and maintaining strong relationships with our suppliers so

that we can secure the best rates on destination packages, hotels, car rentals, airfares, cruises and more.

We are committed to building and maintaining strong relationships with our customers through our

highly experienced and knowledgeable staff.



Objectives



The Company will offer our customers superior customer service, travel selection and value for their

travel dollar. We are committed to building and maintaining strong relationships with our suppliers so

that we can secure the best rates on destination packages, hotels, car rentals, airfares, cruises and more.

We are committed to building and maintaining strong relationships with our customers through our

highly experienced and knowledgeable staff.



Capital Requirements



The Company’s start-up capital requirement is approximately $____________________. [provide brief

summary of how funds will be utilized]

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I. COMPANY OBJECTIVES

(NOTE: This section sets out the corporate objectives, mission statement, current phase of your business, and the

company’s goals and objectives for future growth.)



1.1 Goals & Objectives



The Company’s goals over the next 3 years are:



• sales of $_________ by the end of Year 3;

• maintain margins of ___% on all airline travel;

• achieve _______% of our sales through the Internet;

• develop and maintain strategic alliances with service providers nationally,

internationally, and in the __________ area;

• [other]



Our long-term objective is to position the Company as an internationally recognized provider of superior

service, selection and value, through building strategic alliances with suppliers and strong positive

relationships with customers.



1.2 Vision / Mission Statement



The Company’s mission is to position ourselves as an internationally recognized full service travel firm by

providing our customers with superior customer service, a wide range of choices and the best value for

their travel dollar. We are committed to building and maintaining strong relationships with our suppliers

so that we can secure the best rates on destination packages, hotels, car rentals, airfares, cruises and more.

We are committed to building and maintaining strong relationships with our customers through our

highly experienced and knowledgeable staff.



1.3 The Market



[briefly outline the market and available customer base in the area, the number of competitors already

servicing that market, and the reason(s) why customers will choose your business over the competitors]



1.4 Keys to Success



The Company’s keys to success can be defined as follows:



• ongoing training of our employees, ensuring that all employees are knowledgeable,

competent and able to provide the highest level of service to our customers;

• developing a repeat-business base of loyal customers in order to generate sufficient sales;

• successfully positioning ourselves as a premier full-service travel firm, providing

superior service and selection at reasonable competitive prices;

• [other]



II. THE COMPANY

(NOTE: Use this section to describe the history, structure, purpose, operations, board of directors, management team

and strategic alliances of the business. If you are starting up a new company, describe the proposed structure and

management team, and set out the reasons for starting up the business.)



2.1 History & Background (revise to fit the circumstances of your organization)



The Company was incorporated on _____________ [date] in the [State/Province] of __________. The head

office of the Company is located at [address].

-3-







To date, the Company has issued ___________ shares of common stock [provide details on all shares of stock

issued and outstanding]. The following table sets out the current shareholders and the number of shares

owned by each:



Name of Shareholder Address No. & Class of Shares









The remainder of the issued and outstanding common shares are retained by the Company for [future

distribution / allocation under the Company’s employee stock option plan / etc].



The Company currently has outstanding shareholder loans in the aggregate sum of

$___________________. The following table sets out the details of the shareholder loans:



Name of Shareholder Amount of Loan Date of Loan Balance Outstanding









2.2 Directors



The Company’s Board of Directors, which is made up of highly qualified business and industry

professionals/experts, will be a valuable asset to the Company and instrumental to its development by

assisting our management team in making appropriate decisions and taking the most effective action;

however, they will not be responsible for management decisions. The following persons make up the

Board of Directors of the Company: [list each person on the Board]



Name of Person

business & educational background, past industry experience, other companies in which the

person played a key role



Name of Person

business & educational background, past industry experience, other companies in which the

person played a key role



2.3 Management Team



The strength of the Company’s management team stems from the combined expertise in both

management and technical areas. The leadership characteristics of the management team have resulted in

the establishment of broad, flexible goals designed to meet the ever-changing demands of our quickly

moving marketplace.



Name of Person, President (include professional designations, degrees, etc)

business & educational background, past industry experience, other companies in which the

person played a key role



[include a section for each member of the team - resumes / CVs of each director and manager should be

included with the supporting documents]

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2.4 Outside Consultants & Professional Advisors



At present, no outside consultants or professional advisors have been retained. [if out

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