Commercial Diving Service Business Plan and SWOT Analysis

Commercial Diving Service Business Plan, Marketing Plan, How To Guide, and Funding Directory

The Commercial Diving 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 Commercial Diving 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

Commercial diving services have become one of the most important industries as relates to marine maintenance as well as for fishing. Most commercial diving services operate in a capacity that it is able to generate revenues in any economic climate. This is primarily due to the fact that most commercial diving services maintain extensive contractual relationships with municipal and state agencies as it relates to the removal of refuse as well as making general repairs to structures that are underground. The licensure and training required to operate a commercial diving service insignificant although the startup costs relating to this type of business is moderately low. Typically, a commercial diving service can be started for as little as $10,000 and only up to $50,000 depending on whether specialized equipment will be used in the course of providing commercial diving services to the business public as well as to municipal agencies.

One of the key things that needs to be done immediately when starting a commercial diving service is at an attorney needs to be hired so that the proper paperwork can be filed with licensing authorities so that an individual company can operate in a commercial diving capacity. This is usually more tedious than difficult given that it takes a few months to file all the appropriate documentation and receive the license. The gross margins generated from commercial diving services are significantly high given that this is service-based business. Typically, most commercial diving services generate gross margins of 90% on each dollar of revenue generated. The largest expense relating to this business is the underlying labor cost that is associated with providing the services. In some cases, commercial diving services will hire independent contractors to render his work on behalf of the company.

Given the relatively immune nature of the revenues, most banks and lenders are willing to extend a small business loan or line of credit in order to carry out a commercial diving service operation. Of course, a business plan is going to be needed and this document should have a three-year profit and loss statement, cash flow analysis, balance sheet, breakeven analysis, and business ratios page. As it relates to the financial model, especially if an entrepreneur is applying for a business loan or line of credit – there should be a significant discussion regarding the collateral that will be acquired with the funds being sought. Typically, the most common types of furniture, fixtures, and equipment that is purchased by a commercial diving service consists of vehicles, diving equipment, as well as ancillary items that are normally used during the course of these types of business operations.

Also within the business plan, there should be extensive discussion of the types of companies that we targeted to develop ongoing contractual relationships. Usually, the most common types of businesses that are in need of commercial diving services consist of boating companies, municipal agencies, salvage companies, and fishing businesses. As this business is not provided services to the general public, the marketing plan is required can be kept somewhat limited. Prior to the onset of operations, many entrepreneurs that are in this field already have extensive contacts with companies and municipal agencies a baking call on in order to develop these contractual relationships. Once cemented, the revenues generated by the commercial diving service are highly predictable on a monthly basis.

As it relates to the commercial diving service marketing plan, again – this can be done somewhat on a limited basis and there should be a focus on how an independent sales network will be hired in order to develop contractual relationships with the  aforementioned entities. This is one of the quickest ways of these businesses can become profitable given that no upfront expenditure is required if an independent sales agent is soliciting business on behalf of the company. Usually, a commission of 5% to 10% of the face value of any contract is provided to an independent sales agent that selects successfully requires business on the half of the company. Beyond developing an independent sales network, and expansive online presence should be developed as well.

As it relates to the proprietary website; the documentation on this platform should include information about the types of commercial diving services offered, hours of operation, pricing information, biographies of key staff, and general location information. This website should be listed among all major search engines with a focus on Google, Bing, and Yahoo. A presence on social media is not necessarily required for commercial diving service but it can boost the visibility of the business quite a bit. This is especially true for commercial diving service engages in salvage activities for cargo that has been lost. There are a large number of people online that have an interest in commercial diving and by maintaining a presence on platforms such as FaceBook, Twitter, and Google+ – the commercial diving service can create a large following of people that will discuss the business on an ongoing basis. While this may not directly lead to increase revenues, it can provide a unique differentiating factor for when other people are searching for the business.

A commercial diving service SWOT analysis should be produced as well. As it relates the strengths, commercial diving services are always in need and they are able to generate significantly high gross margins from their services on a monthly basis. While the operating expenses may be high from an insurance standpoint, especially as it relates to medical liability and workmen’s compensation insurance, the other underlying costs are relatively low. The barriers to entry for this business also considered to be low. For weaknesses, these businesses really don’t have that many weaknesses outside of the fact that anyone who is a licensed diver can engage in commercial diving activities. However, in any market there are usually only a handful of companies or individuals that engage in this type of business. As such, the weaknesses relating to this business are minimal. For opportunities, one of the quickest ways to expand operations is by hiring additional divers were either employees or independent contractors. The scope of the target market radius can also be expanded so that the business can have its employees were related staff travel to a location in order to render the services for a third-party municipal agency or corporation. For threats, there’s really nothing that is ever going to impact the way that these companies conduct business. While there may be some aspects of automation that are applied to commercial diving this is usually going to be for much larger scale excavations and salvage operations. Additionally, someone who is licensed and well-versed on how to complete commercial diving is going to be required at all times. As such, these businesses do not face nearly the same level of automation threat as faced by other industries.

A commercial diving service can be a highly profitable business that is very rewarding for its owner. These businesses tend not to become large corporations, but they can become very well established small businesses that produce highly predictable streams of revenue and a strong return on investment for the entrepreneur that is looking to get into the this industry. There is always going to be continued demand for these services, and an economic recession were deleterious economic conditions are not to impact the way that these companies are able to produce a net profit.