Welding Business Plan Template [Updated 2024]

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I. Executive Summary


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

Business Overview

[Company Name] is a new welding business located in [location] that provides custom fabrication and repair services. The company will help both local businesses and individuals with their welding needs. We can weld a variety of materials, including aluminum, steel, cast iron, and more. We aim to be the local friendly welding shop that everyone comes to for their welding needs. Whether it is a major automotive company that needs custom parts or an individual who needs to repair some furniture, we will provide a high-quality service for an affordable rate.

Services

[Company Name] will provide a variety of services, including custom fabrication and repair. The welders at [Company Name] can work with various materials, including aluminum, steel, and cast iron. [Company Name] is open to repairing and fabricating for most industries (as long as we have the staff and availability), including construction, automotive, and smaller home projects.

Customer Focus

[Company Name] will primarily serve the residents and businesses of [location] and surrounding areas. The area is a hub for automotive, construction, and similar businesses that need good welders. These industries will be the primary customer targets. However, [Company Name] will also target individuals who have smaller, more customized welding projects.

Management Team

[Company Name] is headed by [Founder’s Name], who has over [X] years of experience as a professional welder. Throughout his career, he has worked as a welder for local businesses, spending much of that time as a manager and trainer for other employees and apprentices. For the past year, he has worked on additional repair and fabrication projects on the side and is ready to turn his side hustle into a full-on business.

Though he has never run his own welding business, he has worked in the industry long enough to gain an in-depth knowledge of the business, including the operations side (e.g., running day-to-day operations) and the business management side (e.g., staffing, marketing, etc.).

Success Factors

[Company Name] is uniquely qualified to succeed due to the following reasons:

  • The company will be providing a valuable service for individuals and businesses in need of welding services for a variety of projects.
  • [Founder’s Name] has a track record of success in the welding industry and is a proven expert.
  • [Company Name] will provide high-quality repair and fabrication services for a moderate price.
  • The local area is currently underserved and has few local welding companies offering quality customer service.

Financial Highlights

[Company Name] is currently seeking $470,000 to launch. Specifically, these funds will be used as follows:

  • Store design/build: $200,000
  • Equipment and initial supplies: $150,000
  • Working capital: $120,000 to pay for marketing, salaries, and lease costs until [Company Name] reaches break-even

Top line projections over the next five years are as follows:

Financial SummaryFY 1FY 2FY 3FY 4FY 5
Revenue$560,401 $782,152 $1,069,331 $1,379,434 $1,699,644
Total Expenses$328,233 $391,429 $552,149 $696,577 $776,687
EBITDA$232,168 $390,722 $517,182 $682,858 $922,956
Depreciation$7,000 $7,000 $7,000 $7,000 $7,000
EBIT$225,168 $383,722 $510,182 $675,858 $915,956
Interest$6,016 $5,264 $4,512 $3,760 $3,008
Pre Tax Income$219,152 $378,458 $505,670 $672,098 $912,948
Income Tax Expense$76,703 $132,460 $176,985 $235,234 $319,532
Net Income$142,449 $245,998 $328,686 $436,864 $593,416
Net Profit Margin25%31%31%32%35%
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