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.
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.