Electrical Contractor Business Plan Template

Business-in-a-Box's Electrical Contractor Business Plan Template

Document content

This electrical contractor business plan template has 38 pages and is a MS Word file type listed under our business plan kit documents.

Sample of our electrical contractor business plan template:

Confidentiality Agreement The undersigned reader acknowledges that the information provided by [YOUR COMPANY NAME] in this business plan is confidential; therefore, reader agrees not to disclose it without the express written permission of [YOUR COMPANY NAME]. It is acknowledged by reader that information to be furnished in this business plan is in all respects confidential in nature, other than information which is in the public domain through other means and that any disclosure or use of same by reader may cause serious harm or damage to [YOUR COMPANY NAME]. Upon request, this document is to be immediately returned to [YOUR COMPANY NAME]. ___________________ Signature ___________________ Name (typed or printed) ___________________ Date This is a business plan. It does not imply an offering of securities. 1.0 Executive Summary 1 1.1 Objectives 3 1.2 Mission 3 1.3 Keys to Success 3 2.0 Company Summary 4 2.1 Company Ownership 4 2.2 Company History 4 3.0 Services 6 4.0 Market Analysis Summary 7 4.1 Market Segmentation 7 4.2 Target Market Segment Strategy 8 4.3 Service Business Analysis 9 4.3.1 Competition and Buying Patterns 10 5.0 Web Plan Summary 10 5.1 Website Marketing Strategy 10 5.2 Development Requirements 11 6.0 Strategy and Implementation Summary 11 6.1 SWOT Analysis 11 6.1.1 Strengths 11 6.1.2 Weaknesses 11 6.1.3 Opportunities 11 6.1.4 Threats 12 6.2 Competitive Edge 12 6.3 Marketing Strategy 12 6.4 Sales Strategy 12 6.4.1 Sales Forecast 12 6.5 Milestones 14 7.0 Management Summary 16 7.1 Personnel Plan 16 8.0 Financial Plan 17 8.1 Important Assumptions 17 8.2 Break-even Analysis 18 8.3 Projected Profit and Loss 19 8.4 Projected Cash Flow 23 8.5 Projected Balance Sheet 26 8.6 Business Ratios 26 8.7 Long-term Plan 28 APPENDIX Table: Sales Forecast 1 Table: Personnel 2 Table: Profit and Loss 3 Table: Cash Flow 4 Table: Cash Flow Cont'd) 5 Table: Balance Sheet 6 1.0 Executive Summary [YOUR COMPANY NAME] [YOUR NAME] [YOUR ADDRESS] Phone: [YOUR PHONE NUMBER] Email: [YOUREMAIL@YOURCOMPANY.COM] Introduction [YOUR COMPANY NAME] is a family owned business established in 1968 by [YOUR NAME]. The Company [YOUR COMPANY NAME] as received awards from the Chamber of Commerce and Catholic Charities and passed (2) Master Electrical exams and (1) Master Plumber exam over the past two years. The Company has very strong community ties and donated time and/or money to the following organizations: 4-H Electrical Competition Greenway Auction Disabled Veterans Kansas Mail Carriers Alliance Against Family Violence Several Community Sports Teams Several Local Schools Several Local Churches The Company will continue to support the organizations above and are always open to supporting other organizations as they can. The Owners [YOUR NAME, [INSERT NAME] also personally make service calls to the elderly homeowners on fixed incomes and make small repairs at no charge. [YOUR COMPANY NAME] has donated over $2700 in 2008, $4400 in 2009, and approximately $10,500 in 2010 to local community organizations. The Market The electrical contracting industry includes about 80,000 companies with a combined annual revenue of $550 billion. There are three major categories of contracting work are new construction (more than 40 percent of business); electrical systems replacement in existing buildings ("retrofitting," 27 percent); and maintenance, repair, and replacement (MRR) work. Electrical contractors often work as subcontractors on large projects. Our Services [YOUR COMPANY NAME] is a full service Electrical Company specializes in public address systems, fire alarm systems, computer networking to include CAT5/CAT 6 and fiber optics. Below is a list of additional services: Changing light switches, plugs, light fixtures, doorbells, light bulbs, and GFCI outlets Installing new light fixtures, ceiling fans, flood lights and recessed lights Changing out fuse panels to breaker panels, as well as surge protectors Wiring garages, sheds, barns, pools, hot tubs, and elevators Installing back-up generators to keep your power on during emergencies Smoke Detectors GFCI (Ground Fault Circuit Interrupter) Financial Considerations Revenues are projected to increase by approximately 20% each year for the next five years, from $476,416 to $987,896. We expect net profits will increase to $238,326 by 2015. Our projected cash flow will increase our cash balance and allow us to leverage this asset to creating new opportunities. During this time, we do not expect any difficulties in maintaining sufficient sales to meet our costs. The major focus for grant funding is as follows: Small family owned electrical company Hire employees; the Company will look to hire veterans, minorities and the unemployed Company will use "green" materials and applications for environmental and energy efficiency whenever possible The Company is community oriented gives back in time and materials whenever possible The Company will purchase trucks, equipment, obtain continuing education, increase advertising, and expand the current building once grant funding received. Chart: Highlights 1.1 Objectives The objectives for [YOUR COMPANY NAME] include: Expand our company headquarters to facilitate the employee growth and new equipment assets to be purchased when grant funding is obtained. Hire employees - the Company will look to hire veterans, minorities and the unemployed from the local community. To consistently provide quality work, at a fair price. 24-hour 365 days a year for our customers. To operate a profitable company while providing our customers and community with fair priced quality electrical services. Purchase new trucks and equipment to facilitate the growth of the Company. 1.2 Mission [YOUR COMPANY NAME] is committed to providing the highest quality products, competitively priced with services exceeding our customer's expectations. [YOUR COMPANY NAME] will continue to invest in the community, our employees, and business relationships. 1.3 Keys to Success The Keys to Success for [YOUR COMPANY NAME] are: Servicing and maintaining our existing client base. Having employees that understand and implement our high standards. Reliability and communication with clients from the beginning of each job to the end. 2.0 Company Summary [YOUR COMPANY NAME]is located in the city of Leavenworth which sits in the county of Leavenworth. [YOUR COMPANY NAME]is a full service Electrical Company that can be counted on to provide complete electric services to residential, commercial, and industrial customers in the Leavenworth and Lansing, KS areas. This family owned and operated company specializes in upgrading old electric services and is adept at any job, whether it is part of new construction, remodeling, or a repair job. The Company is also Licensed, Bonded, and Insured. 2.1 Company Ownership [YOUR COMPANY NAME] is an "S" Corporation established in the state of Kansas in 1968. The owners of the Company, [YOUR NAME] and [INSERT NAME], each have 50% ownership in the company. Ownership for Exit Strategy In the event of the death of one of the owners, it has been established that 100% ownership of the Company would transfer to the surviving owner. Should the death of both owners occur 100% ownership of the Company would transfer to the children of [YOUR NAME]. 2.2 Company History [YOUR COMPANY NAME] is a family owned business established in 1968 by [YOUR NAME]. The Company has grown from 1 truck and 2 men to 5 trucks and 9 men. 2008, 2009, and 2010 have been slow due to the economy and our staff is now down to 3 F/T and 2 P/T employees. The past performance table below shows the developments of sales, assets, liabilities, and operating expenses for the last 3 years of business. The Company's sales for 2008, 2009, and 2010 are $745,821, $543,556, and $450,530, respectively. The gross margin for these periods is $457,755, $356,650, and $332,668, respectively

3,000+ Templates & Tools to Help You Start, Run & Grow Your Business

Created by lawyers & business experts
Professional looking formatting
Simple to use fill in the blanks templates
Customizable business document samples
Compatible with all office suites
Download in PDF and Word Doc format
Reviewed on
capterra
48 reviews
22 Years Proven track record
190 Countries Worldwide presence
50 Million Downloads since 2002
10,000+ Used by law firms
Bruno Goulet
Authorized by Bruno Goulet
CEO & Editor-in-Chief

Document content

This electrical contractor business plan template has 38 pages and is a MS Word file type listed under our business plan kit documents.

Sample of our electrical contractor business plan template:

Confidentiality Agreement The undersigned reader acknowledges that the information provided by [YOUR COMPANY NAME] in this business plan is confidential; therefore, reader agrees not to disclose it without the express written permission of [YOUR COMPANY NAME]. It is acknowledged by reader that information to be furnished in this business plan is in all respects confidential in nature, other than information which is in the public domain through other means and that any disclosure or use of same by reader may cause serious harm or damage to [YOUR COMPANY NAME]. Upon request, this document is to be immediately returned to [YOUR COMPANY NAME]. ___________________ Signature ___________________ Name (typed or printed) ___________________ Date This is a business plan. It does not imply an offering of securities. 1.0 Executive Summary 1 1.1 Objectives 3 1.2 Mission 3 1.3 Keys to Success 3 2.0 Company Summary 4 2.1 Company Ownership 4 2.2 Company History 4 3.0 Services 6 4.0 Market Analysis Summary 7 4.1 Market Segmentation 7 4.2 Target Market Segment Strategy 8 4.3 Service Business Analysis 9 4.3.1 Competition and Buying Patterns 10 5.0 Web Plan Summary 10 5.1 Website Marketing Strategy 10 5.2 Development Requirements 11 6.0 Strategy and Implementation Summary 11 6.1 SWOT Analysis 11 6.1.1 Strengths 11 6.1.2 Weaknesses 11 6.1.3 Opportunities 11 6.1.4 Threats 12 6.2 Competitive Edge 12 6.3 Marketing Strategy 12 6.4 Sales Strategy 12 6.4.1 Sales Forecast 12 6.5 Milestones 14 7.0 Management Summary 16 7.1 Personnel Plan 16 8.0 Financial Plan 17 8.1 Important Assumptions 17 8.2 Break-even Analysis 18 8.3 Projected Profit and Loss 19 8.4 Projected Cash Flow 23 8.5 Projected Balance Sheet 26 8.6 Business Ratios 26 8.7 Long-term Plan 28 APPENDIX Table: Sales Forecast 1 Table: Personnel 2 Table: Profit and Loss 3 Table: Cash Flow 4 Table: Cash Flow Cont'd) 5 Table: Balance Sheet 6 1.0 Executive Summary [YOUR COMPANY NAME] [YOUR NAME] [YOUR ADDRESS] Phone: [YOUR PHONE NUMBER] Email: [YOUREMAIL@YOURCOMPANY.COM] Introduction [YOUR COMPANY NAME] is a family owned business established in 1968 by [YOUR NAME]. The Company [YOUR COMPANY NAME] as received awards from the Chamber of Commerce and Catholic Charities and passed (2) Master Electrical exams and (1) Master Plumber exam over the past two years. The Company has very strong community ties and donated time and/or money to the following organizations: 4-H Electrical Competition Greenway Auction Disabled Veterans Kansas Mail Carriers Alliance Against Family Violence Several Community Sports Teams Several Local Schools Several Local Churches The Company will continue to support the organizations above and are always open to supporting other organizations as they can. The Owners [YOUR NAME, [INSERT NAME] also personally make service calls to the elderly homeowners on fixed incomes and make small repairs at no charge. [YOUR COMPANY NAME] has donated over $2700 in 2008, $4400 in 2009, and approximately $10,500 in 2010 to local community organizations. The Market The electrical contracting industry includes about 80,000 companies with a combined annual revenue of $550 billion. There are three major categories of contracting work are new construction (more than 40 percent of business); electrical systems replacement in existing buildings ("retrofitting," 27 percent); and maintenance, repair, and replacement (MRR) work. Electrical contractors often work as subcontractors on large projects. Our Services [YOUR COMPANY NAME] is a full service Electrical Company specializes in public address systems, fire alarm systems, computer networking to include CAT5/CAT 6 and fiber optics. Below is a list of additional services: Changing light switches, plugs, light fixtures, doorbells, light bulbs, and GFCI outlets Installing new light fixtures, ceiling fans, flood lights and recessed lights Changing out fuse panels to breaker panels, as well as surge protectors Wiring garages, sheds, barns, pools, hot tubs, and elevators Installing back-up generators to keep your power on during emergencies Smoke Detectors GFCI (Ground Fault Circuit Interrupter) Financial Considerations Revenues are projected to increase by approximately 20% each year for the next five years, from $476,416 to $987,896. We expect net profits will increase to $238,326 by 2015. Our projected cash flow will increase our cash balance and allow us to leverage this asset to creating new opportunities. During this time, we do not expect any difficulties in maintaining sufficient sales to meet our costs. The major focus for grant funding is as follows: Small family owned electrical company Hire employees; the Company will look to hire veterans, minorities and the unemployed Company will use "green" materials and applications for environmental and energy efficiency whenever possible The Company is community oriented gives back in time and materials whenever possible The Company will purchase trucks, equipment, obtain continuing education, increase advertising, and expand the current building once grant funding received. Chart: Highlights 1.1 Objectives The objectives for [YOUR COMPANY NAME] include: Expand our company headquarters to facilitate the employee growth and new equipment assets to be purchased when grant funding is obtained. Hire employees - the Company will look to hire veterans, minorities and the unemployed from the local community. To consistently provide quality work, at a fair price. 24-hour 365 days a year for our customers. To operate a profitable company while providing our customers and community with fair priced quality electrical services. Purchase new trucks and equipment to facilitate the growth of the Company. 1.2 Mission [YOUR COMPANY NAME] is committed to providing the highest quality products, competitively priced with services exceeding our customer's expectations. [YOUR COMPANY NAME] will continue to invest in the community, our employees, and business relationships. 1.3 Keys to Success The Keys to Success for [YOUR COMPANY NAME] are: Servicing and maintaining our existing client base. Having employees that understand and implement our high standards. Reliability and communication with clients from the beginning of each job to the end. 2.0 Company Summary [YOUR COMPANY NAME]is located in the city of Leavenworth which sits in the county of Leavenworth. [YOUR COMPANY NAME]is a full service Electrical Company that can be counted on to provide complete electric services to residential, commercial, and industrial customers in the Leavenworth and Lansing, KS areas. This family owned and operated company specializes in upgrading old electric services and is adept at any job, whether it is part of new construction, remodeling, or a repair job. The Company is also Licensed, Bonded, and Insured. 2.1 Company Ownership [YOUR COMPANY NAME] is an "S" Corporation established in the state of Kansas in 1968. The owners of the Company, [YOUR NAME] and [INSERT NAME], each have 50% ownership in the company. Ownership for Exit Strategy In the event of the death of one of the owners, it has been established that 100% ownership of the Company would transfer to the surviving owner. Should the death of both owners occur 100% ownership of the Company would transfer to the children of [YOUR NAME]. 2.2 Company History [YOUR COMPANY NAME] is a family owned business established in 1968 by [YOUR NAME]. The Company has grown from 1 truck and 2 men to 5 trucks and 9 men. 2008, 2009, and 2010 have been slow due to the economy and our staff is now down to 3 F/T and 2 P/T employees. The past performance table below shows the developments of sales, assets, liabilities, and operating expenses for the last 3 years of business. The Company's sales for 2008, 2009, and 2010 are $745,821, $543,556, and $450,530, respectively. The gross margin for these periods is $457,755, $356,650, and $332,668, respectively

Easily Create Any Business Document You Need in Minutes.

Step 2 Image
1
Download or open template

Access over 3,000+ business and legal templates for any business task, project or initiative.

Step 2 Image
2
Edit and fill in the blanks

Customize your ready-made business document template and save it in the cloud.

Step 2 Image
3
Save, Share, Export, or Sign

Share your files and folders with your team. Create a space of seamless collaboration.

Templates and Tools to Manage Every Aspect of Your Business.

Save Time, Save Money, & Consistently Create Top Quality Documents.

"Fantastic value! I'm not sure how I'd do without it. It’s worth its weight in gold and paid back for itself many times."
Robert Whalley
Managing Director, Mall Farm Proprietary Limited
"I have been using Business in a Box for years. It has been the most useful source of templates I have encountered. I recommend it to anyone."
Dr Michael John Freestone
Business Owner
"It has been a life saver so many times I have lost count. Business in a Box has saved me so much time and as you know, time is money."
David G. Moore Jr.
Owner, Upstate Web
Download Your Electrical Contractor Business Plan Template
and
Achieve Your Business Goals Faster.
Business in a Box templates are used by over 250,000 companies in United States, Canada, United Kingdom, Australia, South Africa and 190 countries worldwide.