Marrowstone Advertising

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Advertising Consulting Business Plan

Company Summary

Marrowstone Advertising Consultants will be a limited liability partnership registered in the state of Delaware for tax purposes. Its founder is Mr. Curtiss Cole, a former marketing executive with the Boy Scouts of America. Mr. Cole has brought together a highly respected group of marketing, development, and graphic art specialists who, combined, have a total of 35 years of experience with nonprofit organizations.

The company has a limited number of private investors and does not plan to go public. The company has its main offices in Reston, Virginia. The facilities include a design lab, conference rooms and office spaces. The company expects to begin offering its services in January.

The company's main clients will be small and start-up nonprofit institutions and local governments. By focusing on institutions such as these that have special needs, we believe we will be able to better serve our clients and produce a superior service that is more effective that other advertising firms.

2.1 Start-up Summary

Start-up assets required are $122,300, which includes cash needed to support operations until revenues reach an acceptable level. Start-up expenses are $31,700. Most of the company's liabilities will come from outside private investors and management investment, however, we have obtained $16,000 in current borrowing from Bank of America Commercial Investments, the principal to be paid off in two years. A long-term loan of $45,000 through Charter Bank of Richmond will be paid off in ten years.

Start-up Expenses
Legal $2,000
Insurance $1,000
Utilities $200
Rent $2,000
Accounting and bookkeeping fees $2,000
Expensed equipment $10,000
Advertising $6,500
Other $8,000
Total Start-up Expenses $31,700
Start-up Assets
Cash Required $117,300
Other Current Assets $5,000
Long-term Assets $10,000
Total Assets $132,300
Total Requirements $164,000
Start-up Funding
Start-up Expenses to Fund $31,700
Start-up Assets to Fund $132,300
Total Funding Required $164,000
Non-cash Assets from Start-up $15,000
Cash Requirements from Start-up $117,300
Additional Cash Raised $0
Cash Balance on Starting Date $117,300
Total Assets $132,300
Liabilities and Capital
Current Borrowing $16,000
Long-term Liabilities $45,000
Accounts Payable (Outstanding Bills) $3,000
Other Current Liabilities (interest-free) $0
Total Liabilities $64,000
Planned Investment
Mr. Curtis Cole $25,000
Ms. Jennie Marks $20,000
Mr. David Danielson $20,000
Mr. Milo Winn $8,000
Others $27,000
Additional Investment Requirement $0
Total Planned Investment $100,000
Loss at Start-up (Start-up Expenses) ($31,700)
Total Capital $68,300
Total Capital and Liabilities $132,300
Total Funding $164,000

2.2 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. Curtis Cole, (25%), Ms. Jennie Marks (20%), Mr. David Danielson, (20%), and Mr. Milo Winn (8%). All other financing will come from loans.

Marrowstone Advertising advertising consulting business plan company summary. Marrowstone Advertising Consultants will provide comprehensive marketing consultation and produce of advertising campaigns for the nonprofit industry.