I. Executive Summary
This Section's Contents
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[Company Name] is a privately held, family-owned solar farm that aims to provide renewable energy in the [Location] area. It will supply energy to both residential and commercial clients. The clean energy generated by [Company Name]’s 40 acres, displaces more than 30 million pounds of greenhouse gas emissions per year.
[Founder’s name], the brains behind this company, has a vision to make Photovoltaic Panels be the main source of energy for [Location] and its surrounding cities. The rising concern for the environment can be lessened by using renewable sources of energy, this is where [Company Name] comes in the picture. Our company has a team of experts in the solar farms industry that will provide the best and the most reliable services to all our clients.
Established in [Year], [Company Name] is making a name for itself in the photovoltaic industry. The company was founded by [Founder’s Name], who at a young age of [x], earned a Master’s degree in Science and Engineering at [University Name]. He has been working with big solar companies for more than 21 years, developing and designing solar panels. [Founder] has also managed similar businesses in the past and is now running one of the rising solar farm companies in [location].
Products and Services
[Company Name] will be a 40-acre solar farm that provides 14,000 megawatt-hours of nuclear, gas, wind, solar and hydroelectric energy per year. The company will provide clean, renewable energy to residents and commercial clients.
[Company Name] will primarily serve the residents and businesses within a 10 mile radius of our location. The demographics of these customers are as follows:
- 50,336 residents
- 1,876 businesses
- 6 utility companies
- Annual utility spend/household=$3200
[Founder’s Name] the founder of [Company Name] will be mostly in charge of managing the business and approving projects and product developments. His business partner, [Name], will be in charge of handling the company’s finances.
The team is composed of a Projects Manager, Head Engineers, Design and Construction Head, Marketing Head and Administrative Head. These people are the company’s spine and they all work together to take the company to the next level.
[Company Name] is uniquely qualified to succeed due to the following reasons:
- [Company Name] provides customized residential and business energy solutions. In addition, we have surveyed the local population and received extremely positive feedback saying that they explicitly want to make use of our services when launched.
- Our location is in a high-wealth area and is environment friendly; customers here are interested in renewable and sustainable energy.
- The management team has a track record of success in the solar energy industry.
[Company Name] is seeking a total funding of $470,000 of debt capital to open its solar farm business. The capital will be used for funding capital expenditures, location build-out, hiring initial employees, marketing expenses and working capital.
Specifically, these funds will be used as follows:
- Research, product sourcing/purchase, and equipment: $170,000
- Business office design/build: $90,000
- Working capital: $210,000 to pay for marketing, salaries, and lease costs until [Company Name] reaches break-even
Top line projections over the next five years are as follows:
|Financial Summary||Year 1||Year 2||Year 3||Year 4||Year 5|
|Income Tax Expense||$196,597||$432,401||$620,843||$802,935||$995,392|
|Net Profit Margin||38%||43%||42%||43%||43%|