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Business Plans – Funding and Forecasts
Before you join Practical Car & Van Rental, you will have a full business plan and forecast, known as the budget, which should give you a business plan for the first 24 months trading. The budget takes into account vehicle costs, estimated revenue based on the area and renter profile, salaries, finance costs – in fact, the budget will take nearly all relevant costs, both start up and ongoing, along with insurance and will give you a good idea of the first two years’ operating turnover and profits.
Practical offer business links to many different funders through our preferred finance partner, Anglo Scottish, who can not only arrange finance for assets but can also organise funding for the initial franchise fee. Practical also has strong business relationships with Barclays, who can offer keenly priced merchant services.