Start-up Hospitality Business: Developing and launching a business plan for a luxury hospitality facility
ISSUE
Entrepreneur needed to develop a premium-quality rural property and create a revenue generating business. This required extensive competitive analysis, financial modelling and marketing strategy in order to develop a robust business plan that is currently being executed.
RESULT
- Market analysis of the business lines available to luxury rural properties
- Assessed and analyzed business models and revenue opportunities available to the owner
- Developed a business plan with a 2-year plan break-even plan.
- Divided the plan between 3 sustainable and mutually supportive businesses.
- The property has been completed and is undergoing the next stage of development with a planned launch in 2023.