Below is a breakdown of how these funds will be used: Doe may seek to sell the business to a third party for a significant earnings multiple.
Based on historical numbers, the business could fetch a sales premium of up to 3 to 7 times the previous years earnings.
As the country is currently in an economic recession, the demand for entertainment has waned given that consumers have less discretionary income.
Currently, the economic market condition in the United States is moderate. The meltdown of the sub prime mortgage market coupled with increasing gas prices has led many people to believe that the US is on the cusp of a double dip economic recession.
The Company is registered as a corporation in the State of New York. These forms of promotion include use of radio, television, and print advertisements throughout the greater New York metropolitan area.
Doe expects a strong rate of growth at the start of operations. The interest rate and loan agreement are to be further discussed during negotiation. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows.
Below is an overview of the marketing strategies and objectives of the Music Festival. This is primarily attributed to the fact that the demand for musical festivals and its associated services have become exponentially more complicated as the number of new technologies and artistic media have increased.
Secondary revenues will come from sales of concessions, merchandise, parking, vendor fees, and other revenue centers. Prior to the onset of operations, the business will aggressively develop ongoing relationships with booking agents throughout the country to ensure that artists will begin to appear at hosted events as soon as the Company begins operations.
This campaign will include the use of traditional print and media advertising as well as the Internet. The Company was founded by John Doe. This website will also feature functionality so that people can directly purchase tickets to hosted events directly from the Company.
However, among people between the ages of 21 and 45, Management has documented the following demographics: These corporate sponsors will co-brand each event held by the business. You should provide as much information as possible about your pricing as possible in this section.
The third section of the business plan will further describe the services offered by the Music Festival. The financing will be used for the following: 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. Doe intends to implement marketing campaigns that will effectively target individuals within the target market.
Find out who your competitors are by searching online directories and searching in your local Yellow Pages. Below are the expected financials over the next three years. However, if you have hundreds of items, condense your product list categorically.
Most likely, the Company will hire a qualified business broker to sell the business on behalf of the Music Festival. The key to writing a strong competitive analysis is that you do your research on the local competition.
This encompasses a very broad array of demographics and psychographics, and as such, it is very difficult to accurately determine the average person that will attend a Music Festival, Inc.
Doe is not seeking an investment from a third party at this time. Strategic Analysis with current research! Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations.Biggar Little Festival SC Business Plan – (Working Draft) July 1.
Contents Page In there were some 52 ticketed events around the festival period together with a range of free exhibitions etc. Recent innovations have included: street entertainment and music. Additionally, many of the town’s shops and cafes.
Oct 08, · If you want to start a music festival, we are ready to help you with writing a music festival business plan. Sample and template are available.5/5(2). Nov 09, · free legal information and resources to support Australian mint-body.com Business Plan Template. An event Business Plan serves to communicate the strategic plan for taking the event forward, usually over a.
A music festival event proposal is a document which contains the salient features of a plan to organize a music festival by an event management company. It is presented to the organizers of the music festival for approval.
Sponsorship Proposal Work Template. Sample Proposal Template in Google Docs. Putting a festival business plan together can be time-consuming — but it’s well worth the effort. When she’s not problem-solving in the office, you can find her traveling the world in search of the best music festival, local food joint, or hidden beach.
Related Posts Create Your Event Budget Template With These 5 Questions Search. Raise funding to plan and stage an annual music festival with this easy-to-use Music Festival Business Plan template. The Plan can be used by non-profit organizations to raise funds from a number of sources, including government grants, sponsorships, and donations.
Additional revenues will be generated at the music festival venues, from sales of tickets to performances and festival .Download