Cutting Edge Drapery
Cutting Edge Drapery is a decorators’ workroom located in Loudon, New Hampshire. The company is engaged in the production of draperies, slip covers, and other textile products in accordance with the designs and concepts of interior designers. Soft window treatments represent the major share of the production. The total market for soft window treatments in the communities which the company targets is approximately $2.7 million. The share of this market channeled through designers and decorators is directly proportional to disposable income and real estate valuations.
2.1 Company Ownership
The company, Cutting Edge Drapery, is a sole proprietorship registered DBA by the owner. Some thought has been given to incorporating Cutting Edge Drapery, but a decision has not yet been reached.
2.2 Company History
The owner of Cutting Edge Drapery has been operating a workroom for nearly 25 years. She worked out of her home as a seamstress and tailor until her business volume caused her to move her operation into rented space in Loudon. This expanded space allowed her to concentrate more on draperies and window treatments. The office is comprised of 2,200 square feet where seven people are employed full-time. This company history closely parallels the histories of owners of the more prestigious and expensive Boston workrooms.
The owner is a member of the National Textile Museum in Washington D.C. and a member of the Museum of Textile History in Lowell, Massachusetts. She has recently applied for membership in the American Society of Interior Designers as an Industry Partner.
|Gross Margin %||50.00%||50.00%||54.05%|
|Other Current Assets||$0||$0||$0|
|Total Current Assets||$0||$0||$3,000|
|Total Long-term Assets||$0||$0||$30,000|
|Other Current Liabilities (interest free)||$0||$0||$0|
|Total Current Liabilities||$0||$0||$0|
|Total Capital and Liabilities||$0||$0||$33,000|
2.3 Company Locations and Facilities
The company is located in Loudon, NH. The recently expanded workroom occupies 2,200 square feet which includes a show window (150 sq. ft.), office and administration (700 sq. ft.) with the remainder (1,350 sq. ft.) devoted to production.