Plan Outline
Get real P&L data for your plan!
We have complete profit and loss financial data from companies like Visigoth Imports, Inc..
SIC 5199 Wholesale Trade - Nondurable Goods - Nondurable goods, nec
*Reports start as low as $89
Import Export Business Plan
Visigoth Imports, Inc.
Company Summary
Visigoth Imports will be a limited liability partnership registered in the state of Delaware for tax purposes. Its founder is Mr. Frank Curtiss, a former master distributor with Fisher-Mills. Mr. Curtiss has brought together a highly respected group of individuals who are well versed in the various aspects of foreign trade processes.
The company has a limited number of private investors and does not plan to go public. The company has its main offices in Wenatchee, Washington. The facilities include conference rooms and office spaces. The company expects to begin offering its services in June.
The company's main clients will be small import shops in the Leavenworth area and start-up farms throughout the state. By focusing on small niche market entrepreneurs, we believe we will be able to provide superior and more efficient service than other import/export firms.
2.1 Company Ownership
The company will have a number of outside private investors who will own 27% of the company's shares. The rest will be owned by the senior management including Mr. Frank Curtiss, (25%), Ms. Hannah Mills (20%), Mr. Steve Iltheus (20%), and Mr. Pierce Bolm (8%). All other financing will come from loans.
2.2 Start-up Summary
Start-up assets required include expenses and cash needed to support operations until revenues reach an acceptable level. Most of the company's liabilities will come from outside private investors and management investment, however, we have obtained current borrowing from Bank of America Commercial Investments, the principal to be paid off in two years. A long-term loan through Charter Bank of Nieurich will be paid off in ten years.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $2,000 |
| Insurance | $1,000 |
| Utilities | $200 |
| Rent | $2,000 |
| Accounting and bookkeeping fees | $2,000 |
| Expensed equipment | $2,000 |
| Advertising | $4,000 |
| Other | $8,000 |
| Total Start-up Expenses | $21,200 |
| Start-up Assets | |
| Cash Required | $38,550 |
| Other Current Assets | $15,000 |
| Long-term Assets | $10,000 |
| Total Assets | $63,550 |
| Total Requirements | $84,750 |
| Start-up Funding | |
| Start-up Expenses to Fund | $21,200 |
| Start-up Assets to Fund | $63,550 |
| Total Funding Required | $84,750 |
| Assets | |
| Non-cash Assets from Start-up | $25,000 |
| Cash Requirements from Start-up | $38,550 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $38,550 |
| Total Assets | $63,550 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $9,000 |
| Long-term Liabilities | $12,000 |
| Accounts Payable (Outstanding Bills) | $2,000 |
| Other Current Liabilities (interest-free) | $8,000 |
| Total Liabilities | $31,000 |
| Capital | |
| Planned Investment | |
| Mr. Frank Curtiss | $15,000 |
| Ms. Hannah Mills | $13,000 |
| Mr. Steve Iltheus | $13,000 |
| Mr. Pierce Bolm | $5,000 |
| Others | $7,750 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $53,750 |
| Loss at Start-up (Start-up Expenses) | ($21,200) |
| Total Capital | $32,550 |
| Total Capital and Liabilities | $63,550 |
| Total Funding | $84,750 |
