Fantastic Florals, Inc. imports silk flowers and other silk accessories products from artisans in Indonesia and distributes the products to customers in the United States. The customers are retail stores and wholesalers who want imported silk flowers and accessories products, targeting women in middle-upper to upper-end income as the end user of the products.
2.1 Company Ownership
Fantastic Florals, Inc. is a privately held Anytown corporation. Suzy Rosemadder, FFI’s founder, is the majority owner. Several members of the board of directors also hold minority stock positions.
2.2 Start-up Summary
Start-up costs are approximated at $75,000, which primarily consists of product costs and expenses associated with establishing a marketing program and opening up FFI’s first distribution center.
|Total Start-up Expenses||$3,100|
|Other Current Assets||$0|
2.3 Company Locations and Facilities
FFI’s headquarters are located in Anytown at the founder’s home, 1234 Main Street, Anytown, OR 97440. It will also have a 600-square foot retail store at the Third Street Public Market, which will serve as both an outlet and test market.