Bus Charter Service Business Plan, Marketing Plan, How To Guide, and Funding Directory
The Bus Charter Service Business Plan and Business Development toolkit features 18 different documents that you can use for capital raising or general business planning purposes. Our product line also features comprehensive information regarding to how to start a Bus Charter Service business. All business planning packages come with easy-to-use instructions so that you can reduce the time needed to create a professional business plan and presentation.
Your Business Planning Package will be immediately emailed to you after you make your purchase.
Product Specifications (please see images below):
- Bank/Investor Ready
- Complete Industry Research for the Industry
- 3 Year Excel Financial Model
- Business Plan (26 to 30 pages)
- Marketing Plan (24 to 28 pages)
- 425+ Page Funding Directory
- PowerPoint Presentation
- Loan Amortization and ROI Tools
- Three SWOT Analysis Templates
- How to Start a Business Guide
- Easy to Use Instructions
- All Documents Delivered in Word, Excel, and PowerPoint Format
- Meets SBA Requirements
For large groups of people, there is always going to be a demand for bus charter services. These businesses are relatively easy to start given the fact that most financial institutions are willing to provide a business loan or lease in order to acquire a large-scale bus. Generally, the startup costs associated with a new bus charter service typically run around $200,000 to $500,000 depending on the type of vehicle being acquired. An owner-operator or entrepreneur looking to get into this business can expect that they are going to have to put up around 10% to 20% as a down payment for the acquisition of a bus that is going to be used in conjunction with the bus charter service. However, in the event that a lease is used for this purpose and these costs can be substantially lower. One of the other pieces of infrastructure that needs to be developed when developing a bus charter service is that these businesses need to have an office and a place where people can on board and off-board from the bus. Bus charter services tend to do well in major metropolitan areas as well as within markets have a substantial number of tourist attractions. These companies are generally able to produce high gross margins from their services and most companies report that they have a gross profit of around 70%. As it relates the cost of goods sold, most of the expenses that are included in this are revolve around the gasoline or diesel fuel that must be used to power the bus.
A bus charter service SWOT analysis is typically produced as well in order to understand the strengths, weaknesses, opportunities, and threats faced by these companies. As relates the strengths, bus charter services are always in demand and they can produce substantial incomes in most economic climates. The barriers to entry are considered to be moderately low and the gross profits are reasonably high. Access to capital for expansion purposes is typically always available.
For weaknesses, bus charter services are able to produce high gross profits they do have a substantial number of underlying expenses. Additionally, the profit and loss statement of a bus charter service can be heavily varied depending on the current state of energy. During times of oil price spikes the profits of a bus charter service can diminish quickly.
For opportunities, these businesses can expand by simply acquiring additional buses that are going to be used in conjunction with transportation operations. In some cases, an entrepreneur may seek to establish additional locations in order to produce substantial revenues in other major metropolitan area markets.
For threats, there’s very little that is going to impact the way that a bus charter service conducts business moving forward. Although these companies do face ongoing competition from other charter services and their revenues are subject to fluctuations in the economy – the demand for bus charter services will always remain strong especially when large groups of people need to be transported.
If an entrepreneur is seeking capital in order to launch this type of service than they are going to need a bus charter service business plan. This business plan should feature a three-year profit and loss statement, cash flow analysis, balance sheet, breakeven analysis, and business ratios page. For the industry research portion of the business plan, the bus charter industry generates $5 billion in revenue a year and provide shops at 60,000 people. There are 9,000 companies that render the service the general public. A demographic analysis specific for this type of company is not typically needed although it does help to examine the types of large groups that will frequently use the company’s services on an ongoing basis. Competition should also be discussed although it is usually difficult to gauge in most markets given that there are always a number of bus charter services as well as limousine companies that provide the service. One of the things that can be noted in a very strong business plan specific for a bus charter service is that these businesses can develop ongoing relationships with corporate relocation specialists, corporate event planners, wedding planners, and related entities so that schedules allow for 100% occupancy.
A bus charter service marketing plan is also needed so that people are aware of the company services and how to engage the business. For most, a very large scale online presence should be developed so that people that are looking for large-scale transportation services can quickly find the business in any market. This website should feature information about the cost of bus charter services, hours of operation, booking information, primary pricing information, and any other piece of relevant information specific for this type of business. Most post bus charter companies will hire a search engine optimization firm in order to ensure that the website can be found quickly. A presence on popular social media platforms, like FaceBook and Twitter, are usually helpful especially when a bus charter service is looking to develop ongoing relationships with corporate event specialists. As many people use these platforms to find specific businesses as well, the usage of social media can boost the brand-name visibility of the business. It is very minimal to maintain these types of social media pages on an ongoing basis.
Bus charters are always going to remain popular and the risks of automation moving forward are pretty limited for this type of company. One of the nice things about these businesses is that they do have moderately high operating cost, but they can be controlled very quickly. Nonessential staff in as well as other expenses can be eliminated in the event of an economic recession. However, in markets where there is a significant amount of wealth and people generate a substantial amount of income – the demand for large-scale transportation, especially for major events, does not wane. As such, the owner operators of bus charter services are typically always able to produce a healthy profit from their operations.