Submitted by: Submitted by Dotsm
Views: 139
Words: 3635
Pages: 15
Category: Business and Industry
Date Submitted: 07/14/2014 12:09 PM
4 STARS ELECTRONICS
I. Executive Summary
Statement of Purpose.
This business plan has been developed by four partners of 4 Stars Electronics to
obtain a $220,000 loan for the set-up and operation of an electronics retail
business. This plan will serve as the outline for the financial and operational
framework for the first five years of its operation.
The four partners are Esther Aaron, Terisha Joseph, Albert Slusher and Dorothy
Marshall who will invest $80,000 each which will result in a capital investment of
$300,000. Additionally, we will invite four investors to invest an amount of
$280,000 which will be an amount of $70,000 per investor. The additional
$220,000 will be borrowed from the bank.
Total start-up costs $405,000
Add: Principle payments 859
Add: Beginning cash on hand 394,141
Total Start-up Capital $800,000
Four Stars Electronics
Four Stars Electronics will be an electronics retail business offering all the top
brands of electronics and the best customer and after-sale service in Antigua and
Barbuda and the Eastern Caribbean.
Four Stars Electronics will be a limited partnership of four industry professionals,
with a combined total of over 20 years in the electronics retail business,
management and customer service. The goal of the operation is to be the
premiere source for the best electronics and accessories in Antigua and Barbuda
and the Eastern Caribbean.
From research done the future in this business looks very promising even in this
economic climate. With technology growing by leaps and bounds and the industry continue to
see new innovations and inventions every second this will have a very positive
impact in the area of electronics.
The grand opening of Four...