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Seacliff Products

Company Summary

Seacliff  is a start-up, limited-liability corporation, incorporated in the State of Oregon.

2.1 Company Ownership

The company is 80% owned by the founder and inventor of the Supreme, with the remaining shares owned by six individual investors.

2.2 Start-up Summary

To complete the necessary start-up funds, external financing must be obtained. The start-up table is itemized below.

Start-up Expenses: Various expenses, such as legal, travel, salaries, and design costs for the start of the plan.

Start-up Inventory: Prior to any sales, which are projected to begin in January, cash is needed to purchase materials included in the kit.

Long-term Assets: In addition to minor office equipment the major Long-term asset represents the purchase price of Patent Number 6,038,806.

Start-Up Funding: The inventor/founder has invested heavily in the company. Additional money has been invested by six individual investors. A further sum has been invested in a barter agreement in exchange for essential peg and graphic illustration work (see Design Preproduction Expenses). Between mid-October and the end of December, a final sum is expected to be raised from sale of stock to individual investors.

Fishing equipment business plan, company summary chart image

Start-up Expenses
Legal $6,000
Printing/Reproduction $3,000
Salaries $7,000
Prototype $7,500
Utilities $2,000
Graphic Design $29,500
Misc expenses, Travel, Enter. $7,900
Tooling $20,350
Other $0
Total Start-up Expenses $83,250
Start-up Assets
Cash Required $20,000
Start-up Inventory $58,530
Other Current Assets $0
Long-term Assets $483,425
Total Assets $561,955
Total Requirements $645,205
Start-up Funding
Start-up Expenses to Fund $83,250
Start-up Assets to Fund $561,955
Total Funding Required $645,205
Non-cash Assets from Start-up $541,955
Cash Requirements from Start-up $20,000
Additional Cash Raised $0
Cash Balance on Starting Date $20,000
Total Assets $561,955
Liabilities and Capital
Current Borrowing $0
Long-term Liabilities $100,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $100,000
Planned Investment
Founder/President $482,000
Individual Investors (6) $26,000
Design & Consultant Barter Stock $27,000
Other $10,205
Additional Investment Requirement $0
Total Planned Investment $545,205
Loss at Start-up (Start-up Expenses) ($83,250)
Total Capital $461,955
Total Capital and Liabilities $561,955
Total Funding $645,205

2.3 Company Locations and Facilities

The company is located in Florence, Oregon, where there is adequate storage and office space available.