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Commercial Fishing Business Plan Template

Explore Options to Get a Business Plan.

Are you interested in starting your own commercial fishing Business?

Why write a business plan?

• Business Plans can help to articulate and flesh out the business’s goals and objectives. This can be beneficial not only for the business owner, but also for potential investors or partners
• Business Plans can serve as a roadmap for the business, helping to keep it on track and on target. This is especially important for businesses that are growing and evolving, as it can be easy to get sidetracked without a clear plan in place.
• Business plans can be a valuable tool for communicating the business’s vision to employees, customers, and other key stakeholders.
• Business plans are one of the most affordable and straightforward ways of ensuring your business is successful.
• Business plans allow you to understand your competition better to critically analyze your unique business proposition and differentiate yourself from the market.
• Business Plans allow you to better understand your customer. Conducting a customer analysis is essential to create better products and services and market more effectively.
• Business Plans allow you to determine the financial needs of the business leading to a better understanding of how much capital is needed to start the business and how much fundraising is needed.
• Business Plans allow you to put your business model in words and analyze it further to improve revenues or fill the holes in your strategy.
• Business plans allow you to attract investors and partners into the business as they can read an explanation about the business.
• Business plans allow you to position your brand by understanding your company’s role in the marketplace.
• Business Plans allow you to uncover new opportunities by undergoing the process of brainstorming while drafting your business plan which allows you to see your business in a new light. This allows you to come up with new ideas for products/services, business and marketing strategies.
• Business Plans allow you to access the growth and success of your business by comparing actual operational results versus the forecasts and assumptions in your business plan. This allows you to update your business plan to a business growth plan and ensure the long-term success and survival of your business.

Business Plan Content

• Executive Summary
• Company Overview
• Industry Analysis
• Consumer Analysis
• Competitor Analysis & Advantages
• Marketing Strategies & Plan
• Plan of Action
• Management Team

The financial forecast template is an extensive Microsoft Excel sheet with Sheets on Required Start-up Capital, Salary & Wage Plans, 5-year Income Statement, 5-year Cash-Flow Statement, 5-Year Balance Sheet, 5-Year Financial Highlights and other accounting statements that would cost in excess of £1000 if obtained by an accountant.

The financial forecast has been excluded from the business plan template. If you’d like to receive the financial forecast template for your start-up, please contact us at [email protected] . Our consultants will be happy to discuss your business plan and provide you with the financial forecast template to accompany your business plan.

Instructions for the Business Plan Template

To complete your perfect commercial fishing business plan, fill out the form below and download our commercial fishing business plan template. The template is a word document that can be edited to include information about your commercial fishing business. The document contains instructions to complete the business plan and will go over all sections of the plan. Instructions are given in the document in red font and some tips are also included in blue font. The free template includes all sections excluding the financial forecast. If you need any additional help with drafting your business plan from our business plan template, please set up a complimentary 30-minute consultation with one of our consultants.

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Commercial fishing business plan

Commercial fishing business plan Commercial fishing business plan

FishBizPlan

Use FishBizPlan to write your own commercial fishing business plan, for free!

Write a fishing business plan for free

Support a vital loan application... Examine a re-engine project... Think about direct marketing...

FishBizPlan helps you better understand your fishing business. FishBizPlan is business planning tool designed just for fishermen!

Powerful Features

Fishing specific plan types.

Start your plan by choosing either a traditional commercial fishing plan or a direct marketing fishing plan

Full-Feature Editor

Our Plan Editor has all of features you expect and need

Helpful Tips

We've included Helpful Tips to guide you through each section of your Plan

Industry Resources

Useful resources to help write your plan from within the fishing industry

 Sample Plans

Need help getting started? Check out the Sample Plan content in each section of your Plan

Collaboration

Easily work with a Partner or Reviewer of your choice—give them access to edit and/or comment on your Plan

Mobile Ready

Easily work on your Plan on any web-enabled device

PDF & DOC Output

Easily save your Plan as PDF or DOC file for archiving & sharing

What more can we say?

The FishBizPlan Team

FishBizPlan was developed by a team of fishing industry and business management experts from across the United States.

Dave Burrage

Extension Professor Mississippi State University Mississippi - Alabama Sea Grant

Owner SeaFisk Consulting & Management LLC

Sarah Fisken

Fisheries Education Coordinator University of Washington Sea Grant

Pete Granger

Seafood Industry Specialist University of Washington Sea Grant

Marine Extension Associate University of Maine Maine Sea Grant

Associate Professor Alaska Sea Grant Marine Advisory Program

Robert Craven

Director & Extension Economist Center for Farm Financial Management - University of Minnesota

Kevin Klair

Extension Economist University of Minnesota

Curtis Mahnken

Jeff reisdorfer.

Web Communications University of Minnesota

Laurie Dickinson

Principal OnlyConnect

FishBizPlan was made possible by funding from the National Oceanic and Atmospheric Administration (NOAA) and from technical help from the Center for Farm Financial Management at the University of Minnesota.

It should be noted that there is no special software required to use these templates. All business plans come in Microsoft Word and Microsoft Excel format. Each business plan features:

• Excecutive Summary
• Company and Financing Summary
• Products and Services Overview
• Strategic Analysis with current research!
• Marketing Plan
• Personnel Plan
• 3 Year Advanced Financial Plan
• Expanded Financial Plan with Monthly Financials
• Loan Amortization and ROI Tools
• FREE PowerPoint Presentation for Banks, Investors, or Grant Companies!

1.0 Executive Summary

The purpose of this business plan is to raise $400,000 for the development of a fishery while showcasing the expected financials and operations over the next three years. Fishery Inc. (“the Company”) is a New York based corporation that will produce and sell a variety of fish to seafood distributors. The Company was founded by John Doe.

1.1 Products and Services

The Fishery will produce a number of types of fish on a yearly basis depending on the demand for seafood products. Mr. Doe anticipates that the Fishery will encompass 15 to 20 acres of arable land that can be used for the Company’s large scale fishery. At the onset of operations, the Fishery will have approximately 4 people to assist with the day to day operations of the fishery. The third section of the business plan will further describe the services offered by the Fishery.

1.2 The Financing

Mr. Doe is seeking to raise $400,000 from as a bank loan. The interest rate and loan agreement are to be further discussed during negotiation. This business plan assumes that the business will receive a 10 year loan with a 9% fixed interest rate. The financing will be used for the following: • Development of the Company’s Fishery location. • Financing for the first six months of operation. • Capital to purchase FF&E and equipment associated with the Company’s operations. Mr. Doe will contribute $100,000 to the venture.

1.3 Mission Statement

The Fisher’s mission is to provide its buyers with the freshest quality fish available while concurrently using economically viable and ecologically sustainable practices.

1.4 Mangement Team

The Company was founded by John Doe. Mr. Doe has more than 10 years of experience in the fishery industry. Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations.

1.5 Sales Forecasts

Mr. Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years.

1.6 Expansion Plan

The Founder expects that the business will aggressively expand during the first three years of operation. Mr. Doe intends to implement marketing campaigns that will effectively target seafood buyers within the target market.

2.0 Company and Financing Summary

2.1 Registered Name and Corporate Structure

Fishery, Inc. The Company is registered as a corporation in the State of New York.

2.2 Required Funds

At this time, the Fishery requires $400,000 of debt funds. Below is a breakdown of how these funds will be used:

2.3 Investor Equity

Mr. Doe is not seeking an investment from a third party at this time.

2.4 Management Equity

John Doe owns 100% of Fishery, Inc.

2.5 Exit Strategy

If the business is very successful, Mr. Doe may seek to sell the business to a third party for a significant earnings multiple. Most likely, the Company will hire a qualified business broker to sell the business on behalf of the Fishery. Based on historical numbers, the business could fetch a sales premium of up to 3 to 5 times the previous year’s net earnings.

3.0 Products and Services

As stated in the executive summary, Mr. Doe intends to develop the Fishery as a multi-fish producing property that will spawn, grow, and distribute its fish to seafood wholesalers throughout the target market. Mr. Doe has already sourced the potential land and the equipment that will be used for the Fishery’s operations. Additionally, it should be noted that Mr. Doe may join a fishery coop that will assist with the distribution and sale of the Fishery’s seafood and fish.

4.0 Strategic and Market Analysis

4.1 Economic Outlook

This section of the analysis will detail the economic climate, the fishery industry, the customer profile, and the competition that the business will face as it progresses through its business operations. Currently, the economic market condition in the United States is in recession. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows. Many economists expect that this recession will continue through 2011, at which point the economy will begin a prolonged recovery period. However, this should have a minimal impact on the Fishery’s ability to generate revenues as much of its produced fish will be geared towards popular fish that are constantly in demand regardless of the general economic climate.

4.2 Industry Analysis

Each year, the industry generates in excess of $50 billion dollars per year from retail fish sales. These sales figures also include the receipts generated by restaurants that specialize in the sale of fish seafood. Among importers and distributors, approximately $17 billion dollars is recognized annually among market agents. The industry also employs almost 50,000 people, and provides annual payrolls reaching $3 billion. The growth of the industry is expected to continue as more Americans are seeking to add fish and other seafood products to their diets for both the taste and health benefits associated with seafood. One of the most common trends in the fishery industry is that newer technologies are actually increasing the net profit margins of the business while concurrently lessening the ecological impact of fisheries on the environment.

4.3 Customer Profile

It is extremely difficult to determine the customer profile of people that will acquire the fish produced by the Fishery, Inc. The Company intends to do business with farmer’s markets, fishery coops, and fish/seafood wholesalers that will acquire the Company’s inventories of fish.

4.4 Competitive Analysis

This is one of the sections of the business plan that you must write completely on your own. The key to writing a strong competitive analysis is that you do your research on the local competition. Find out who your competitors are by searching online directories and searching in your local Yellow Pages. If there are a number of competitors in the same industry (meaning that it is not feasible to describe each one) then showcase the number of businesses that compete with you, and why your business will provide customers with service/products that are of better quality or less expensive than your competition.

5.0 Marketing Plan

The Fishery intends to maintain an extensive marketing campaign that will ensure maximum visibility for the business in its targeted market. Below is an overview of the marketing strategies and objectives of the Fishery.

5.1 Marketing Objectives

• Develop relationships with major groceries and fish/seafood wholesalers that will acquire bulk inventories from the Fishery.

• Develop ongoing purchase order relationships with coops throughout the target market.

5.2 Marketing Strategies

The Fishery’s marketing operations will be minimal as once the Company solidifies ongoing relationships with fishery coops and wholesalers, very little marketing will be required to maintain these relationships. At the onset of operations, Mr. Doe intends to aggressively develop relationships with local and regional fishery coops that will assist the Fishery in maintaining stringent pricing (through forward and futures contracts) so that the Fishery always has a predictable stream of income. However, in the future, Mr. Doe may seek to brand certain fish items that are produced on the Fishery. In this instance, the Company will hire a marketing/advertising firm to properly position the Company’s image and brand so that it can directly sell packaged fish to major grocers, supermarkets, farmer’s markets, and select retailers.

5.3 Pricing

In this section, describe the pricing of your services and products. You should provide as much information as possible about your pricing as possible in this section. However, if you have hundreds of items, condense your product list categorically. This section of the business plan should not span more than 1 page.

6.0 Organizational Plan and Personnel Summary

6.1 Corporate Organization

6.2 Organizational Budget

6.3 Management Biographies

In this section of the business plan, you should write a two to four paragraph biography about your work experience, your education, and your skill set. For each owner or key employee, you should provide a brief biography in this section.

7.0 Financial Plan

7.1 Underlying Assumptions

• The Fishery will have an annual revenue growth rate of 10% per year.

• The Owner will acquire $400,000 of debt funds to develop the business.

• The loan will have a 10 year term with a 9% interest rate.

7.2 Sensitivity Analysis

In the event of an economic downturn, the business should not have a major decline in its revenues. The Fishery intends to produce in demand fish that will be readily purchased by wholesalers, grocers, coops, and other organizations that deal in fish and seafood. As such, the Company will be able to remain profitable and cash flow positive in any economic climate.

7.3 Source of Funds

7.4 General Assumptions

7.5 Profit and Loss Statements 

7.6 Cash Flow Analysis

7.7 Balance Sheet

7.8 General Assumptions

7.9 Business Ratios

Expanded Profit and Loss Statements

Expanded Cash Flow Analysis

Fish Farming Business Plan Template [Updated 2023]

Fish Farming Business Plan Template

If you want to start fish farming company or expand your current fish farming company, you need a business plan.

The following fish farming business plan template gives you the key elements to include in a winning Fish Farming business plan.

You can download our Business Plan Template (including a full, customizable financial model) to your computer here.

The following fish farm business plan template gives you the key elements to include in a winning plan for your own fish farm business. In addition to this template, conducting market research for your target market will help you identify potential market trends and customer segments to better understand the viability of your commercial farming company.

Sample Business Plan For Fish Farm Businesses

Below are links to each of the key sections of your Fish Farming business plan. It can be used for a seafood farming business, catfish farming business, wild fish or any other type of fish farms.

I. Executive Summary II. Company Overview III. Industry Analysis IV. Customer Analysis V. Competitive Analysis VI. Marketing Plan VII. Operations Plan VIII. Management Team IX. Financial Plan

You can download our Business Plan Template (including a full, customizable financial model) to your computer here. Once you create your plan, download it to PDF to show banks and investors.

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Fish Farming Business Plan Home I. Executive Summary II. Company Overview III. Industry Analysis IV. Customer Analysis V. Competitive Analysis VI. Marketing Plan VII. Operations Plan VIII. Management Team IX. Financial Plan

Fishing Business Plan Template

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Download this Fishing Business Plan Template Design in Word, Google Docs, Apple Pages Format. Easily Editable, Printable, Downloadable.

In every business, creating a concrete plan is essential to ensure its success. It also takes a lot of perseverance and hard work before you harvest the fruits of your labor. Check out our Fishing Business Plan Template to get enough knowledge on how to run a fishing business. This comes in different file formats so it would be easy for you to edit and customize the content on various devices such as a PC, tablet, or mobile phone. With the benefits that this template can provide, you will surely be satisfied when you download it. Hurry and download this Fishing Business Plan Template while it’s still available!

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