Seacliff Products

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Fishing Equipment Business Plan

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.

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.

Seacliff Products fishing equipment business plan company summary. Seacliff Products is a start-up company that has created, patented, and manufactures the harpoon fish hook.