Free Notary Business Plan
For Raising Capital from Investors, Banks, or Grant Companies!
Please note that the financials
in this complete free business plan are completely fictitious and may not
match the text of the business plan below. This free business plan demonstration
purposes only. If you are interested in purchasing the completed editable MS Word
and Excel documents for this business plan, please click the button below! Also,
the text of the business plan is formatted with a fully automated
table of contents.
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templates. All business plans come in Microsoft Word and Microsoft Excel format.
Each business plan features:
- Excecutive Summary
- Company and Financing Summary
- Products and Services Overview
- Strategic Analysis with current research!
- Marketing Plan
- Personnel Plan
- 3 Year Advanced Financial Plan
- Expanded Financial Plan with Monthly Financials
- Loan Amortization and ROI Tools
- FREE PowerPoint Presentation for Banks, Investors,
or Grant Companies!
1.0 Executive Summary
The purpose of this business plan is to raise $150,000 for the
development of a notary and business services company while showcasing the
expected financials and operations over the next three years. Notary, Inc. (“the
Company”) is a New York
based corporation that will provide notary and ancillary businesses services.
The Company was founded by John Doe.
1.1 Products and Services
As stated above, the business will render state based notary services to legal
professionals, businesses, and individuals that need to have documents
notarized. The business may also provide specialized preprinted legal forms to
the general public if required by a client. The business intends to operate as
an agency for independent notaries as well.
The Company will also recognize revenues from ancillary services such as
ongoing large scale notary services for law firms and other organizations that
have frequent notarization needs.
1.2 The Financing
Mr. Doe is seeking to raise $150,000 from as a bank loan. The interest
rate and loan agreement are to be further discussed during negotiation. This
business plan assumes that the business will receive a 10 year loan with a 9%
fixed interest rate. The financing will be used for the following:
-
Development of the Company’s Notary location.
-
Financing for the first six months of operation.
-
Capital to purchase general office equipment.
Mr. Doe will contribute $25,000 to the venture.
1.3 Mission Statement
Management’s mission is to develop Notary, Inc. into a premier notary and business
services agency within the New York metropolitan area.
1.4 Mangement Team
The Company was founded by John Doe. Mr. Doe has more than 10 years of experience in the
notary industry. Through his expertise, he will be able to bring
the operations of the business to profitability within its first year of
operations.
1.5 Sales Forecasts
Mr. Doe expects a strong rate of growth at the start of operations. Below are the
expected financials over the next three years.
1.6 Expansion Plan
The Founder expects that the business will aggressively expand during the first
three years of operation. Mr. Doe intends to implement marketing campaigns that
will effectively target effected individuals, businesses, and law firms within
the target market.
2.0 Company and Financing Summary
2.1 Registered Name and Corporate Structure
Notary, Inc.
The Company is registered as a corporation in the State of
New York.
2.2 Required Funds
At this time, Notary, Inc. requires $150,000 of debt funds. Below is a breakdown of how these
funds will be used:
2.3 Investor Equity
Mr. Doe is not seeking an
investment from a third party at this time.
2.4 Management Equity
John Doe owns 100% of Notary, Inc.
2.5 Exit Strategy
If the businesIf the business is very
successful, Mr. Doe may seek to sell the business to a third party for a
significant earnings multiple. Most likely, the Company will hire a qualified
business broker to sell the business on behalf of Exotic Car Rental Service, Inc.
Based on historical numbers, the business could fetch a sales premium of up to 3 times earnings.
3.0 Products and Services
As stated in the executive
summary, Notary, Inc. will provide notarization services to law firms,
businesses, and individuals that have notary needs. The business will also sell
a variety of preprinted legal forms that will assist individuals with their
ongoing legal filing needs.
All individuals retained by the
business will be required to have an appropriate notary license granted by the
State. The business will confirm this matter prior to hiring any associate
notary.
4.0 Strategic and Market Analysis
4.1 Economic Outlook
This section of the analysis will detail the economic climate, the notary industry, the customer
profile, and the competition that the business will face as it progresses
through its business operations.
Currently, the economic market condition in the United States is moderate. Unemployment
rates have declined while asset prices have risen substantially. However, Notary
businesses operate with great economic stability as people will continue to
require notary services despite deleterious changes to the economy.
4.2 Industry Analysis
Within the United States,
there are approximately 15,400 businesses that provide supportive legal services
(which includes notary services). Each year, these businesses aggregately
generate more than $11.6 billion of revenues while concurrently providing jobs
to more than 100,000. Annual payrolls in each of the last five years have
exceeded $4 billion.
This
is a mature industry and the expected growth rate is expected to remain on par
with that of the general business economy.
4.3 Customer Profile
Management anticipates that the
business will have a number of different clients including:
-
Individuals with notary needs.
-
Law firms that have substantial
notary needs.
-
Businesses that frequently file
notarized business forms (especially among debt servicing and financial
businesses.)
Among businesses and law
firms, Management anticipates that these companies will generate $100,000 to
$300,000 per year and will spend $1,000 to $2,000 per year with Notary, Inc
4.4 Competitive Analysis
This is one of the sections of
the business plan that you must write completely on your own. The key to writing
a strong competitive analysis is that you do your research on the local
competition. Find out who your competitors are by searching online directories
and searching in your local Yellow Pages. If there are a number of competitors
in the same industry (meaning that it is not feasible to describe each one) then
showcase the number of businesses that compete with you, and why your business
will provide customers with service/products that are of better quality or less
expensive than your competition.
5.0 Marketing Plan
Notary intends to maintain an
extensive marketing campaign that will ensure maximum visibility for the
business in its targeted market. Below is an overview of the marketing
strategies and objectives of the Notary, Inc.
5.1 Marketing Objectives
-
Develop an online presence by developing a website and placing the Company’s
name and contact information with online directories.
-
Implement a local campaign with the Company’s targeted market via the use of
flyers, local newspaper advertisements, and word of mouth.
-
Establish relationships with law firms, debt collection agencies, financial
services firms, and other businesses within the target market.
5.2 Marketing Strategies
Mr. Doe intends on using a
number of marketing strategies that will allow Notary, Inc. to easily target its
demographics within the New York metropolitan area. These strategies include traditional print
advertisements and ads placed on search engines on the Internet. Below is a
description of how the business intends to market its services to the general
public.
Notary, Inc. will also use an
internet based strategy. This is very important as many people seeking local
services, such as specialized legal support and notary services, now the
Internet to conduct their preliminary searches. Mr. Doe will register the Notary
with online portals so that potential customers can easily reach the business.
The Company will also develop its own online website.
The Company will maintain a
sizable amount of print and traditional advertising methods within local markets
to promote the notary and legal support services that the Company is selling.
5.3 Pricing
In this section, describe the pricing of your services and products. You should provide as much
information as possible about your pricing as possible in this section. However,
if you have hundreds of items, condense your product list categorically. This
section of the business plan should not span more than 1 page.more than 1 page.
6.0 Organizational Plan and Personnel Summary
6.1 Corporate Organization
6.2 Organizational Budget
6.3 Management Biographies
In this section of the business plan, you should write a two to four paragraph biography
about your work experience, your education, and your skill set. For each owner or
key employee, you should provide a brief biography in this section.
7.0 Financial Plan
7.1 Underlying Assumptions
The Company has based its
proforma financial statements on the following:
-
Notary, Inc. will have an
annual revenue growth rate of 16% per year.
-
The Owner will acquire $150,000
of debt funds to develop the business.
-
The loan will have a 10 year
term with a 9% interest rate.
7.2 Sensitivity Analysis
In the event of an economic
downturn, the Company will not see a major decline in revenues. The demand for
notary services remains static as people, businesses, financial service firms,
and law firms require these services on an ongoing basis.
7.3 Source of Funds
7.4 General Assumptions
7.5 Profit and Loss Statements
7.6 Cash Flow Analysis
7.7 Balance Sheet
.
7.8 General Assumptions
7.9 Business Ratios
Expanded Profit and Loss Statements
Expanded Cash Flow Analysis