Premiere Electric

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Electrical Contractor Business Plan

Company Summary

Premiere Electric is a new start-up electrical contracting firm. The area's economic growth the last several years has resulted in increased opportunity for the installation of high-end electrical systems for security, data transfer and communication. Premiere Electric is positioned to capitalize on the growing need of businesses in the greater tri-county area.

2.1 Company Ownership

Robin Sullivan is the sole owner and employee of Premiere Electric.

2.2 Start-up Summary

Robin will invest her personal savings in Premiere Electric. The following table shows projected initial start-up costs for Premiere Electric.

Start-up
Requirements
Start-up Expenses
Legal $0
Stationery etc. $100
Brochures $200
Start-up Inventory $10,000
Other $0
Total Start-up Expenses $10,300
Start-up Assets
Cash Required $29,700
Other Current Assets $0
Long-term Assets $22,000
Total Assets $51,700
Total Requirements $62,000
Start-up Funding
Start-up Expenses to Fund $10,300
Start-up Assets to Fund $51,700
Total Funding Required $62,000
Assets
Non-cash Assets from Start-up $22,000
Cash Requirements from Start-up $29,700
Additional Cash Raised $0
Cash Balance on Starting Date $29,700
Total Assets $51,700
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $22,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $22,000
Capital
Planned Investment
Robin $40,000
Investor 2 $0
Other $0
Additional Investment Requirement $0
Total Planned Investment $40,000
Loss at Start-up (Start-up Expenses) ($10,300)
Total Capital $29,700
Total Capital and Liabilities $51,700
Total Funding $62,000