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| | Retirement
Housing Business Plans - Continued...
The required documents
Rainmaker Marketing Corporation must have access to in order to create a germane
strategic business plan include the following:
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Market Feasibility
Study. The document must address all business unit routine and
ancillary revenue streams for the project/business for a 5-year
forecast period. The project/business occupancy or lease-up
rates must be fully delineated in the conclusions of the
document. The operating requirements of the resulting
project/business must be clearly delineated together with the
required assets for the business, complete characterization of the
assets in terms of the size, intended use, costs and terms, and
operating expenses. If you don't have a market feasibility, click
here for a quick primer on market studies.
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Pro Forma Financial
Presentation. A complete pro forma financial presentation (or
financial feasibility study, as the case may be) for a 5-year
forecast period that uses the calendar month as the baseline
accounting period for all schedules. The pro forma financial
presentation is an essential element presented in the plan. If
you don't have a pro forma financial presentation, then click
here for a quick primer on pro forma financial presentations.
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Owner's
Program. We need to know what your goals, expectations and
requirements are regarding your project (or business, as the case
may be). We do not require the document if it hasn't been
drafted, as an oral discussion will suffice. We mention it
because many companies start with the Owner's Program document as
the basis of the entirety of the proposed project or business.
This is a great way to manage a business and keep accountability and
productivity focused on your business goals.
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Do
You Know The Secret?
When it comes to commercial real
estate development finance, it doesn't matter whether you need to raise
$5 million or $50 million, the out-of-pocket costs, advance fees and
project due diligence costs will always require the same relative
investment dollars the promoters have to fund. Do you know what
that amount is? Do you know the Secret? |
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