Business Property Inspection Business Plan

CorbelArch Real Estate Inspectors

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Company Summary

CorbelArch Real Estate Inspectors is an S corporation company consisting of two principal officers and two employees with combined industry experience of 45 years. The company was formed to take advantage of the perceived weakness and inadequacies of other regional companies in terms of quality and customer satisfaction. CorbelArch Real Estate Inspectors has marketed its name significantly to date. The principals in the company have invested significant amounts of their own capital into the company and will also be seeking a loan to cover start-up costs and future growth.

CorbelArch Real Estate Inspectors' home office is located in a leased stand alone building at 5296 Plinth Hwy in Niceburg. The facilities include offices for the principals, storage area for tools and marketing supplies, and employee lounge.

The company plans to use its existing contacts obtained through past marketing via the Web, direct mailers, personal contact and printed publications to generate short-term residential contracts. Its long-term profitability will rely on current commercial contracts with national property services companies and future commercial contracts that will be obtained through strategic alliances and a comprehensive marketing program.

2.1 Company Ownership

CorbelArch Real Estate Inspectors is an existing S corporation consisting of two principal officers, Mason Corbel and Rocky Arch.

2.2 Company History

CorbelArch Real Estate Inspectors was founded as an S corporation in Ourstate in FY 2004. The company was actively providing services for only part of the year, and carries into this plan sizable Accounts Receivable, and a modest cash balance. The principals invested $15,000 each in the start up of the company and acquired short-term loans.

Past Performance
FY 2002 FY 2003 FY 2004
Sales $0 $0 $41,639
Gross Margin $0 $0 $20,000
Gross Margin % 0.00% 0.00% 48.03%
Operating Expenses $0 $0 $5,800
Collection Period (days) 0 0 135
Balance Sheet
FY 2002 FY 2003 FY 2004
Current Assets
Cash $0 $0 $3,000
Accounts Receivable $0 $0 $21,639
Other Current Assets $0 $0 $25,000
Total Current Assets $0 $0 $49,639
Long-term Assets
Long-term Assets $0 $0 $15,000
Accumulated Depreciation $0 $0 $0
Total Long-term Assets $0 $0 $15,000
Total Assets $0 $0 $64,639
Current Liabilities
Accounts Payable $0 $0 $2,000
Current Borrowing $0 $0 $9,827
Other Current Liabilities (interest free) $0 $0 $0
Total Current Liabilities $0 $0 $11,827
Long-term Liabilities $0 $0 $0
Total Liabilities $0 $0 $11,827
Paid-in Capital $0 $0 $30,000
Retained Earnings $0 $0 $22,812
Earnings $0 $0 $0
Total Capital $0 $0 $52,812
Total Capital and Liabilities $0 $0 $64,639
Other Inputs
Payment Days 0 0 30
Sales on Credit $0 $0 $29,147
Receivables Turnover 0.00 0.00 1.35
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Past Performance
FY 2002 FY 2003 FY 2004
Sales $0 $0 $41,639
Gross Margin $0 $0 $20,000
Gross Margin % 0.00% 0.00% 48.03%
Operating Expenses $0 $0 $5,800
Collection Period (days) 0 0 135
Balance Sheet
FY 2002 FY 2003 FY 2004
Current Assets
Cash $0 $0 $3,000
Accounts Receivable $0 $0 $21,639
Other Current Assets $0 $0 $25,000
Total Current Assets $0 $0 $49,639
Long-term Assets
Long-term Assets $0 $0 $15,000
Accumulated Depreciation $0 $0 $0
Total Long-term Assets $0 $0 $15,000
Total Assets $0 $0 $64,639
Current Liabilities
Accounts Payable $0 $0 $2,000
Current Borrowing $0 $0 $9,827
Other Current Liabilities (interest free) $0 $0 $0
Total Current Liabilities $0 $0 $11,827
Long-term Liabilities $0 $0 $0
Total Liabilities $0 $0 $11,827
Paid-in Capital $0 $0 $30,000
Retained Earnings $0 $0 $22,812
Earnings $0 $0 $0
Total Capital $0 $0 $52,812
Total Capital and Liabilities $0 $0 $64,639
Other Inputs
Payment Days 0 0 30
Sales on Credit $0 $0 $29,147
Receivables Turnover 0.00 0.00 1.35