Commercial Construction Business Plan

Hard Hats Construction

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Company Summary

Hard Hats Construction is a start-up managed by two partners who have 30 years of combined experience in the commercial construction business. With the extensive contacts that the two partners have in the commercial real estate business, it is estimated that the company will have a significant number of contracts within the first three years. These two partners represent sales/management, and finance/administration areas, respectively. The company will be seeking a $4.2 million Small Business Association (SBA) loan to cover the purchase of long-term assets, office setup, and cash requirements.

2.1 Company Ownership

Hard Hats Construction will exist as an equal partnership between the principles: Jack Daniels and Hank Foreman. As one of the company's goals is to focus on high quality workmanship, retaining as much talent as possible is crucial. Therefore, the company plans to add more partners to the firm as opportunities arise.

2.2 Company Background

Jack Daniels and Hank Foreman have known each other for many years. Mr. Daniels began working in the construction business immediately out of high school, and has proved himself as a equipment operator, construction foreman, and project manager. Mr. Foreman, after graduating from college with a degree in civil engineering, began work in the construction business with the North Carolina state highway system. After moving to San Francisco, Mr. Foreman received an MBA and worked for several construction firms in Oregon and Northern California as a general manager and financial analyst. Over the years, both individuals realized that the Pacific Northwest lacked a commercial construction company that could consistently provide high quality work and on-time delivery. With this in mind, and wishing to capitalize on this opportunity, the two investors have formed Hard Hats Construction.

2.3 Start-up Summary

The following chart and table show projected initial start-up costs for the firm.

Start-up
Requirements
Start-up Expenses
Legal $5,000
Office Setup $500,000
Rent $12,000
Insurance $5,000
Utilities $1,200
Other $1,000
Total Start-up Expenses $524,200
Start-up Assets
Cash Required $1,500,000
Other Current Assets $100,000
Long-term Assets $2,500,000
Total Assets $4,100,000
Total Requirements $4,624,200
Start-up Funding
Start-up Expenses to Fund $524,200
Start-up Assets to Fund $4,100,000
Total Funding Required $4,624,200
Assets
Non-cash Assets from Start-up $2,600,000
Cash Requirements from Start-up $1,500,000
Additional Cash Raised $0
Cash Balance on Starting Date $1,500,000
Total Assets $4,100,000
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $4,233,200
Accounts Payable (Outstanding Bills) $1,000
Other Current Liabilities (interest-free) $0
Total Liabilities $4,234,200
Capital
Planned Investment
Investor 1 $360,000
Investor 2 $30,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $390,000
Loss at Start-up (Start-up Expenses) ($524,200)
Total Capital ($134,200)
Total Capital and Liabilities $4,100,000
Total Funding $4,624,200
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Start-up
Requirements
Start-up Expenses
Legal $5,000
Office Setup $500,000
Rent $12,000
Insurance $5,000
Utilities $1,200
Other $1,000
Total Start-up Expenses $524,200
Start-up Assets
Cash Required $1,500,000
Other Current Assets $100,000
Long-term Assets $2,500,000
Total Assets $4,100,000
Total Requirements $4,624,200
Start-up Funding
Start-up Expenses to Fund $524,200
Start-up Assets to Fund $4,100,000
Total Funding Required $4,624,200
Assets
Non-cash Assets from Start-up $2,600,000
Cash Requirements from Start-up $1,500,000
Additional Cash Raised $0
Cash Balance on Starting Date $1,500,000
Total Assets $4,100,000
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $4,233,200
Accounts Payable (Outstanding Bills) $1,000
Other Current Liabilities (interest-free) $0
Total Liabilities $4,234,200
Capital
Planned Investment
Investor 1 $360,000
Investor 2 $30,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $390,000
Loss at Start-up (Start-up Expenses) ($524,200)
Total Capital ($134,200)
Total Capital and Liabilities $4,100,000
Total Funding $4,624,200