Glen Mar Forest Products
Company Summary
Glen Mar Forest Products will create landscaping products. Glen Mar Forest Products is located in Springfield, Oregon. The location offers access to wood for manufacturing our products as well as excellent shipping resources.
2.1 Company Ownership
Glen Mar’s is owned by Charles Marshall. Charles has ten years of landscaping experience and seven years of experience in wood by-products.
2.2 Start-up Summary
The start-up cost of Glen Mar Forest Products will consist primarily of equipment and inventory. Charles Marshall and silent partner will each invest equally. Charles will also secure a hefty long-term commerical loan in an amount matching the two partners’ investment.
| Start-up Funding | |
| Start-up Expenses to Fund | $107,800 |
| Start-up Assets to Fund | $92,200 |
| Total Funding Required | $200,000 |
| Assets | |
| Non-cash Assets from Start-up | $70,000 |
| Cash Requirements from Start-up | $22,200 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $22,200 |
| Total Assets | $92,200 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $100,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $100,000 |
| Capital | |
| Planned Investment | |
| Charles Marshall | $50,000 |
| Silent Partner | $50,000 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $100,000 |
| Loss at Start-up (Start-up Expenses) | ($107,800) |
| Total Capital | ($7,800) |
| Total Capital and Liabilities | $92,200 |
| Total Funding | $200,000 |
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $1,000 |
| Stationery etc. | $800 |
| Brochures | $2,000 |
| Insurance | $1,000 |
| Rent | $3,000 |
| Expensed Equipment | $80,000 |
| Truck | $20,000 |
| Total Start-up Expenses | $107,800 |
| Start-up Assets | |
| Cash Required | $22,200 |
| Start-up Inventory | $20,000 |
| Other Current Assets | $0 |
| Long-term Assets | $50,000 |
| Total Assets | $92,200 |
| Total Requirements | $200,000 |
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