The House of Pine
Company Summary
The House of Pine will offer customized, ready-to-finish pine furniture that’s hand made and surprisingly affordable. Our target customers are young families and young adults with modest incomes who are looking for the same selection and quality that the high-end customer receives. Each piece is handcrafted from the finest pine and built to last for generations.
2.1 Company Ownership
The House of Pine is owned by Richard Putnam. Richard has over 10 years of experience in furniture manufacturing.
2.2 Company Locations and Facilities
The House of Pine will be centrally located in the industrial section of the Richmond Metro area.
2.3 Start-up Summary
The House of Pine’s start-up costs consists mostly of furniture manufacturing equipment and transport containers. Richard Putnam will invest $50,000. In addition, he will secure a $130,000 loan.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $1,000 |
| Stationery etc. | $200 |
| Insurance | $1,000 |
| Rent | $2,000 |
| Expensed Equipment | $60,000 |
| Total Start-up Expenses | $64,200 |
| Start-up Assets | |
| Cash Required | $5,800 |
| Start-up Inventory | $50,000 |
| Other Current Assets | $0 |
| Long-term Assets | $60,000 |
| Total Assets | $115,800 |
| Total Requirements | $180,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | $64,200 |
| Start-up Assets to Fund | $115,800 |
| Total Funding Required | $180,000 |
| Assets | |
| Non-cash Assets from Start-up | $110,000 |
| Cash Requirements from Start-up | $5,800 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $5,800 |
| Total Assets | $115,800 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $130,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $130,000 |
| Capital | |
| Planned Investment | |
| Richard Putnam | $50,000 |
| Other | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $50,000 |
| Loss at Start-up (Start-up Expenses) | ($64,200) |
| Total Capital | ($14,200) |
| Total Capital and Liabilities | $115,800 |
| Total Funding | $180,000 |
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