I. Executive Summary
This Section's Contents
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[Company Name] is a new agricultural business that produces crops for [location] and the surrounding area. [Company Name] will specifically grow root vegetables, including potatoes, onions, and beets. The company will work hard to grow these vegetables organically and without any chemicals. We will sell our produce at local farmer’s markets as well as to local restaurants and other establishments that would like to use or sell our produce.
[Company Name] grows a variety of root vegetables for [location] and the local community. All produce will be organically grown. We alternate our crops, so the exact crops that are grown will be dependent on the season and current crop cycle. Some crops that we plan to grow include the following:
[Company Name] will primarily serve the residents and businesses of [location] and the surrounding areas. Any individual or establishment that is interested in purchasing our crops is welcome to partner with us. We will sell our crops to individuals at local farmer’s markets and directly to wholesalers, grocery stores, and restaurants.
[Company Name]’s most valuable asset is the expertise and experience of its founder, [Founder’s Name]. [Founder’s Name] has been a farm operations manager for the past [X] years, bringing a plethora of knowledge and skills that will prove to be invaluable to all aspects of the business. After working as a farm operations manager, [Founder’s Name] desired to run his own agricultural business that grows organic produce and benefits the local community. He will utilize his prior knowledge and experience to manage crop production, operations, and other aspects of the business.
[Company Name] is qualified to succeed due to the following reasons:
- There is currently a high demand for quality produce in the community, specifically organic produce grown by local agricultural businesses.
- The management team has a track record of success in the agricultural industry.
- The crop production business (and the agricultural industry in general) is a proven business and has succeeded in communities throughout the United States.
[Company Name] is currently seeking $750,000 to start the company. Specifically, these funds will be used as follows:
- Land: $200,000
- Equipment: $200,000
- Working capital: $350,000 to pay for marketing, salaries, and other costs until [Company Name] reaches break-even
Top line projections over the next five years are as follows:
|Financial Summary||FY 1||FY 2||FY 3||FY 4||FY 5|
|Pre Tax Income||$219,152||$378,458||$505,670||$672,098||$912,948|
|Income Tax Expense||$76,703||$132,460||$176,985||$235,234||$319,532|
|Net Profit Margin||25%||31%||31%||32%||35%|