Glass Dreams

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Stained Glass Gallery Business Plan

Company Summary

Glass Dreams is a highly successful art studio and gallery, as well as a small retail outlet for supplies, tools and glass in Montclair.  Jan Primak is a popular stained glass instructor and the studio has become a gathering place for aspiring stained glass artists.

2.1 Company History

Jan uses stained glass art and the play of ambient light to create her artistic interpretations. Jan combines the shifting qualities of light with the subtle textures and colors of glass, to create graceful, elegant, exclusive pieces for discriminating collectors from around the world.

Jan Primak has chosen to work in Montclair, but she is an artist of international renown. Her singular stained glass creations have sold to Japan, Belgium, Egypt, Australia and the United States. A high-energy individual, she has a seemingly limitless supply of creative ideas. She proudly emphasizes the individuality of each and every piece she creates. Her singular art pieces and limitless ideas result in high demand for her work.

Her studio, gallery and store are combined in one, which creates an unusually wonderful experience for customers and aspiring stained glass artists. Her classes are so popular that the existing store space can no longer accommodate her students and customers.

Past Performance
1999 2000 2001
Sales $180,000 $220,000 $260,000
Gross Margin $50,000 $60,000 $75,000
Gross Margin % 27.78% 27.27% 28.85%
Operating Expenses $100,000 $110,000 $120,000
Inventory Turnover 13.00 11.85 5.52
Balance Sheet
1999 2000 2001
Current Assets
Cash $10,000 $30,000 $50,000
Inventory $10,000 $17,000 $50,000
Other Current Assets $0 $0 $0
Total Current Assets $20,000 $47,000 $100,000
Long-term Assets
Long-term Assets $20,000 $20,000 $20,000
Accumulated Depreciation $1,000 $2,000 $3,000
Total Long-term Assets $19,000 $18,000 $17,000
Total Assets $39,000 $65,000 $117,000
Current Liabilities
Accounts Payable $14,000 $15,000 $16,000
Current Borrowing $0 $0 $0
Other Current Liabilities (interest free) $0 $0 $0
Total Current Liabilities $14,000 $15,000 $16,000
Long-term Liabilities $0 $0 $50,000
Total Liabilities $14,000 $15,000 $66,000
Paid-in Capital $0 $0 $0
Retained Earnings ($5,000) $20,000 $11,000
Earnings $30,000 $30,000 $40,000
Total Capital $25,000 $50,000 $51,000
Total Capital and Liabilities $39,000 $65,000 $117,000
Other Inputs
Payment Days 0 0 0

2.2 Company Ownership

Jan Primak is the owner of Glass Dreams.