Looking for a business plan for your bed and breakfast venture with Financials for your personal use or to seek grants, and loans from investors, CBN, NIRSAL, and other institutions?
We have created a downloadable bed and breakfast Business Plan sample with Financials for you to use.
Business Plan of Annabelle’s Bed & Breakfast
1.0. BUSINESS DESCRIPTION
The Breakfast Bites is a bed and breakfast inn that offers over-night facilities to business travelers and tourists at prices that would not leave them wary as the satisfaction of travelers and tourists are our major concern, so the affordability of our services is due to the fact that our clients are known to have already spent a lot or will be spending a lot. We also offer conferencing and other events facilities.
2.0. Market Analysis Summary
The Breakfast Bites will base on quality, luxurious, and individualized short-term shelter and catering for travelers. The center of our attention is based on those groups of customers who opt for the serene and conventional setting of a home, like the individualistic theme of The Breakfast Bites, to the surroundings and settings of motels or hotels. A home away from home is the theme we are aiming for and also creating that sort of environment as this will put a smile on customers’ faces and ensure their return and will make us a sure bet whenever they need such services. With the capability to cater for over 100 guests, Breakfast Bites will make the night go as smooth as it would be if you were to be at home and bring back memories of your own home when you wake up in the mornings with our delicious breakfasts. We will also host events as the outdoors is a flower clad garden that makes a beautiful setting for weddings and other functions which are not crowd-pulling, this will also open opportunities for the business as some party guests would have to retire at the spot that day to continue their journey the next day. We will also offer discounted packages for group bookings, making it easy for party guests that need accommodation.
3.0. Market Analysis
Our major clients are business travelers looking for accommodation and tourists looking for over-night accommodation.
4.0. Target Market Segment Strategy
We plan to be registered at every major destination-website in the country. Also, a direct marketing campaign will be launched which will include offers directed at returning satisfied customers. Our strategic location will also play an integral role in the strategy that is aimed at tourists.
Hotels, motels, and other inns are competition but we will beat inns to the market with our target for over-night travelers, looking for luxury and business essentials at an affordable price. And we will survive the competition of hotels and motels with the homelike setting and green and flower clad environment of the inn and also with affordable prices as most hotel services are overpriced.
6.0. Strategy and Implementation Summary
With the right exposure, we believe that we can gain just the right amount of market share in the hospitality sector of our region and then advance to national and state levels. Membership in top websites for accommodations and lodging in hotels, motels, and inns will put us in front of thousands of screens that surf the net on a regular basis. And this sort of advertisement has a high conversion rate as the targets are individuals who are already seeking accommodation.
7.0. Competitive Edge
We start with a critical competitive edge: there is no competitor we know of, that can offer the same convenience and luxury at such an affordable price. We have travelled extensively ourselves, and have come to know how to set the mood and environment that others seek when looking for available Bed & Breakfasts.
8.0. Sales Strategy
We will sell our rooms directly to returning and first time customers, as well as on the destination website, but returning customers will have the perk of priority reservations during the high season.
9.0. Management Summary
The best operation for this scale and type of business will be to operate as an owner of occupied business.
How To Download Business Plan Template for Bed and Breakfast PDF (with financial analysis)
Above is a part of the bed and breakfast business plan template in Nigerian. IF you need the complete bed and breakfast business plan sample, follow the procedures to download it.
Pay the sum of N5000 (Five thousand naira only) to the account detail below:
Name: Oyewole Abidemi (I am putting my name and not our company account so you know we are real people and you can trust us)
Thereafter, send us your email address through text message to +234 701 754 2853. The text must contain the title of the bed and breakfast business plan you want and also your email address. Immediately after the confirmation of your payment, we will send the business plan in Nigeria to your email address where you can easily download it.