As told to me, one of the franchises didn't supply them with their business plan, but instead "provided some data" and told them to work with their local SBA in order to write a complete paint and sip business plan for a bank loan.
This, to me, seemed quite odd -- a paint and sip franchise charging a huge fee and not even supplying the business plan? As independent consultants we've been providing our clients with general versions for years in order for them to secure studio space leases and bank loans.
Our client, having spent a great amount of time writing their business plan, in collaboration with the SBA, didn't want all of their hard work to go to waste and asked if we could proof their version and provide feedback.
Our review -- to put it nicely, this "plan" was a disorganized "fantasy" sprawled out in wandering subjects and type, laced with repetitive adjectives like "the best", "most wonderful", "the one and only", etc. It didn't give a snapshot of the business and how it would work, instead, it seemed like a long list of pleading hopes and hypothetical promises. That isn't how I worded it to the client in my response, but that was my candid impression of this "business plan". There is no way that a landlord or banker with any common sense is going to accept or approve an unprofessional plan like that.
After professionally educating my client on the purpose and goal of a properly written business plan, I was able to coax them, in their own interest, into dropping the unrealistically and unprofessionally worded portions of it. In the end, we went back to our long-proven business plan, customized it to her name, financial situation, local demographics, and business needs and she was quite satisfied and achieved her end goal of getting a bank loan for her paint and sip business.
Since then we've decided to roll out our
for everyone -- independent art studios, paint and sip franchise customers -- anyone looking for a business plan, bank loan, or both. We customize it to your situation and needs, and though we can never absolutely guarantee a lease space or bank loan, we have clients all over the US that have obtained either or both using these plans.
