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Hi businessfunding,
I've today received a profit/loss and cashflow forecast for year 1 from my bank manager who deciferred this from my business plan :D
To dicuss the loan repayments of £100 - this is due to the loan repayment holiday quoted in my OP. I draw the loan of £20,000 in March...
Hi,
Cash flow seems to be ok based on initial projections. I have an economical and analytical background and i think that would stand me in good stead.
As you say, initial outgoings will be:
C1+E driving license (approx £1,200)
3.5 tonne van (approx £3,000)
Catering Unit (approx £13,000)...
Hi Philip and thanks for your input.
I see what your saying and i will be definately looking at smaller scale events throughout 2015 to assist me and help me learn.
The major sticking point at present is geting work without a unit - everyone im contacting seems to want photos etc before...
Hi there,
Funnily enough, i have projected for worst case scenario and best case scenario. Worst case scenario shows very little profit for 5 years, whereas best case scenario shows extremely good profit margins. If i was to land somewhere in between...well, that'd be awesome! I do appreciate...
James - i have thought about festivals and am in the process of contacting event organisers as we speak :D
I did however, overlook the rugby world cup....im on it.
Thanks pal
"Can you rent find a unit to rent similar to what you have in mind? If so I would approach clients based on having that unit and see what they say. If they contract with you, go and buy the real unit, if they don't you haven't lost anything."
That would be awesome - however, the rental units...
Hi Nick,
Thanks for the information.
My reservations about hiring a unit are that they cost around £7,000 to hire for a year, and thats quite an outlay in itself. As well as that, to obtain the kind of work i would be looking at, the unit would need to look a certain way and have a certain...
Hi all,
Thanks for the replies so far.
What i should have said in my initial post is that i used to work for a firm that did this kind of thing (mobile catering). They were well established by the time i'd worked for them and always seemed to have loads of work (Races, Festivals, Farmers...
Good evening all,
My name is Kieran and i am in the process of setting up a mobile catering company.
Throughout business planning, i have been adamant that i would start trading in 2016, mainly to give myself enough time to set up (buy unit, buy van, organize premises etc), and to contact...