Business Plan Evaluation
To: Kristen Brown
From: John Doe
Date: December 9, 2009
Re: Business Plan Evaulation
You have asked me to review the following two business plans:
• Vette Kat Harbour Bed & Breakfast
• Magnolia Inn
I recommend investing in the Magnolia Inn. I have taken the time to evaluate and quantify the two business plans. Each category will be rated on a scale of 1-5, five being most desirable. While reviewing the information I have determined a few factors that helped me draw my final conclusion. These factors are:
• Experience
• Competition
• Feasibility
• Demographics
• Finances
Experience
The Vette Kat Harbour Bed & Breakfast management team has a colorful background of experience. Kayman, a member of the establishment, has an MBA and has worked in the hotel and resort industry for more than 13 years; including past experience working as general manager. As a result he has a large network of friends in the industry. The other two members on the management team, Max Nevis and Jenné Sequa, are trained chefs.
The Magnolia Inn management team is a married couple who in recent years sold a motel to start up this bed & breakfast. They will be residing in the Inn with their own living quarters. No educational background has been formally stated, but the previous motel venture is noteworthy.
The Vette Kat Harbour Bed & Breakfast – 4.0
The Magnolia Inn – 3.0
Competition
The Vette Kat Harbour Bed & Breakfast claims to have a high competitive edge. The location in the Caribbean is a hot spot for tourists. Each year over 20 million people visit the Caribbean Islands. The number of bed & breakfast places in the area are limited. Due to the expense of traveling and living the threat of new entrants to this industry in the Caribbean is low. In order for there to be a new start up hotel in the Caribbean is going to be costly for outsiders. Another great asset to the business is Kayman, as previously noted, he is known for his experience. With the Carribean
From: John Doe
Date: December 9, 2009
Re: Business Plan Evaulation
You have asked me to review the following two business plans:
• Vette Kat Harbour Bed & Breakfast
• Magnolia Inn
I recommend investing in the Magnolia Inn. I have taken the time to evaluate and quantify the two business plans. Each category will be rated on a scale of 1-5, five being most desirable. While reviewing the information I have determined a few factors that helped me draw my final conclusion. These factors are:
• Experience
• Competition
• Feasibility
• Demographics
• Finances
Experience
The Vette Kat Harbour Bed & Breakfast management team has a colorful background of experience. Kayman, a member of the establishment, has an MBA and has worked in the hotel and resort industry for more than 13 years; including past experience working as general manager. As a result he has a large network of friends in the industry. The other two members on the management team, Max Nevis and Jenné Sequa, are trained chefs.
The Magnolia Inn management team is a married couple who in recent years sold a motel to start up this bed & breakfast. They will be residing in the Inn with their own living quarters. No educational background has been formally stated, but the previous motel venture is noteworthy.
The Vette Kat Harbour Bed & Breakfast – 4.0
The Magnolia Inn – 3.0
Competition
The Vette Kat Harbour Bed & Breakfast claims to have a high competitive edge. The location in the Caribbean is a hot spot for tourists. Each year over 20 million people visit the Caribbean Islands. The number of bed & breakfast places in the area are limited. Due to the expense of traveling and living the threat of new entrants to this industry in the Caribbean is low. In order for there to be a new start up hotel in the Caribbean is going to be costly for outsiders. Another great asset to the business is Kayman, as previously noted, he is known for his experience. With the Carribean