Agriculture Farm Business Plan

START YOUR OWN BUSINESS PLAN

Rate this plan
(3/5, 37 votes)

You've landed in the middle of a sample plan! Jump to the beginning

Company Summary

Botanical Bounty is an Oregon based perennial farm that grows a variety of botanical medicinal perennials. The company has been formed as an Oregon L.L.C. The farm has been in existence for two years now, initially operating as a hobby as rather than a profit producing business.

2.1 Company History

Botanical Bounty has been in operation for two years. Initially it was started as a hobby where Susan could use her plant biology skills while covering some of the costs. The Nealon's were able to achieve this lifestyle due to a windfall that David received as a result of exercised stock options. After the second year, the Nealon's decided that although they had the money to live on for many years, it would be irresponsible to needlessly spend it so they got serious about the business and made a concerted effort to become profitable.

Botanical Bounty has chosen the Willamette River Valley as an ideal place to grow perennials. Botanical Bounty has 10 acres of land which they use for production. During several of the winter months, production is moved into their green house for propagation. Botanical Bounty employs a drip irrigation system for all of the plants.

Past Performance
2000 2001 2002
Sales $0 $45,000 $46,500
Gross Margin $0 $36,000 $36,590
Gross Margin % 0.00% 80.00% 78.69%
Operating Expenses $0 $75,000 $74,000
Collection Period (days) 0 0 0
Balance Sheet
2000 2001 2002
Current Assets
Cash $0 $50,000 $35,000
Accounts Receivable $0 $9,000 $8,000
Other Current Assets $0 $3,000 $4,000
Total Current Assets $0 $62,000 $47,000
Long-term Assets
Long-term Assets $0 $35,000 $35,000
Accumulated Depreciation $0 $7,000 $7,000
Total Long-term Assets $0 $28,000 $28,000
Total Assets $0 $90,000 $75,000
Current Liabilities
Accounts Payable $0 $12,000 $13,090
Current Borrowing $0 $0 $0
Other Current Liabilities (interest free) $0 $0 $0
Total Current Liabilities $0 $12,000 $13,090
Long-term Liabilities $0 $0 $0
Total Liabilities $0 $12,000 $13,090
Paid-in Capital $0 $0 $0
Retained Earnings $0 $78,000 $61,910
Earnings $0 $0 $0
Total Capital $0 $78,000 $61,910
Total Capital and Liabilities $0 $90,000 $75,000
Other Inputs
Payment Days 0 0 0
Sales on Credit $0 $0 $0
Receivables Turnover 0.00 0.00 0.00

2.2 Company Ownership

Botanical Bounty is an Oregon L.L.C. owned by David and Susan Nealon. The L.L.C. business formation has been chosen as a strategic way to shield the Nealons from personal liability.