Business Plan

This business plan was created to explain how I plan on purchasing and running a Fly-In Fish Camp operation in North-western Ontario. My business will be a limited company in which I will be the only owner as well as manager. I plan on incorporating my business so that it is privately held and not publicly traded. It reduces the personal risk to only what I put into the company. My idea to buy and run a Fly-In fishing business is based on my love of both flying and fishing as well as the booming success of the industry. People have been going to these camps for years and although there has been many rises and falls, the industry has stayed strong. The problem is not keeping a company afloat it is starting one in the first place. I looked into the major differences between starting from scratch and buying out a current owner and it is much too difficult to start fresh. Through my research I noticed a striking trend in the turnover of these businesses. Approximately 60% of the current owners of camps in Canada are over the age of 60 and will be looking to either pass their businesses on to loved ones or sell out in the next 5 to 10 years. (Wearn. M. Personal Interview) I am looking to buy one of these preexisting camps when the opportunity arises. I will name my company Long Pine Lodges after the lake that my family cottage is on as well as I believe the name has the relaxing, outdoor wilderness feel that I want my customers to enjoy.

Long Pine Lodges will be a seasonal business, running from spring thaw until first snow fall each year. As our summers grow longer and winters warmer, my operational season will only continue to grow, but based on current operations, I have estimated that I will be able to operate from the first week of May until the last week of September each year. This business will be run by myself, with one other employee working full-time and all other employees working on a contract base. I feel that, although it will take a lot of work, I will be able to take care of day to day operations while I contract out 'expertise' work such as guiding, accounting or legal work.

The original purchase of the business will be a large capital expense in which I will need to apply for a loan. I have chosen to use TD Canada Trust Bank as I have been banking with them for my entire life and they will have quick and easy access to any personal financial records they desire. If I am unable to use TD for any unseen circumstances then I will be applying to Credit Union for my loan because I happen to know the loan officer in the Woodstock branch and she would be able to vouch for my character. All other funds will be used for start-up expenses, as well as to promote the business through advertisements, brochures and other marketing tools, so that I will be able to begin accepting customers and generating cash flow.

This business is a dream come true for me and I feel that not only can