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Backpackers Business Plan

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Backpackers Business Plan
BACKPACKER’S PARADISE: A BUSINESS PLAN by Douglas Remington
Bachelor of Arts with Distinction, Major in Psychology, University of Victoria, 2005

PROJECT SUBMITTED IN PARTIAL FULFILLMENT OF
THE REQUIREMENTS FOR THE DEGREE OF
MASTER OF BUSINESS ADMINISTRATION
In the
Faculty
of
Business Administration
© Douglas Remington, 2009
SIMON FRASER UNIVERSITY
Summer 2009

All rights reserved. However, in accordance with the Copyright Act of Canada, this work may be reproduced, without authorization, under the conditions for Fair Dealing. Therefore, limited reproduction of this work for the purposes of private study, research, criticism, review and news reporting is likely to be in accordance with the law, particularly if cited appropriately.

Approval
Name:

Douglas Remington

Degree:

Master of Business Administration

Title of Project:

Backpacker’s Paradise: A Business Plan

Supervisory Committee:

_______________________________________
Dr. Andrew von Nordenflycht
Senior Supervisor
Assistant Professor
Faculty of Business Administration

_______________________________________
Dr. Michael Parent
Second Reader
Associate Professor
Faculty of Business Administration

Date Approved:

_______________________________________

ii

Abstract

This business plan outlines the concept, process, operations, marketing, risk factors, and financial forecasts for a Hostel located on the Sunshine Coast, just past
Sechelt in Half-Moon Bay. Not including salary for the owner, a $155,000 investment should net returns of $18,000, $47,000, $55,000, $65,000, and $75,000 in years one, two, three, four and five respectively. Using a discount rate of 10%, these returns have a net present value of $97,000.

iii

Executive Summary

This business plan is for a hostel on the Sunshine Coast, and it is not a typical business plan. This plan is for someone who is looking for a change of pace and a different life. This is not a million dollar venture, but an opportunity to live on the
Sunshine Coast.

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