I. Executive Summary
This Section's Contents
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[Company Name] is a vacation rental company located in [Location] that rents residential properties around landmarks and points of interest to provide convenient lodging for travelers.
[Company Name] offers top-rated yet affordable vacation accommodations that can be rented daily, weekly, or monthly. It offers bed and breakfast-style rooms, as well as whole-property rentals.
[Company Name] will offer 5 different property types:
- Waterfront properties
- House or Apartment in town
- Mountain getaways
- Bed and Breakfast accommodations
[Company Name] will primarily serve tourists and business travelers. The demographics of these customers are as follows:
- 85% domestic tourists
- 15% international tourists
- Average income of $80,700
- 48% married
- 51% in Mgt./Professional occupations
- Median age: 35 years
- Average group size: 2.6
[Company Name]’s most valuable asset is the expertise and experience of its founder, [Founder’s Name]. [First name] has been a licensed real estate broker for over the past 20 years. He has spent much of his career working in different real estate agencies where he specialized in rentals for 5 years before moving to specialize in vacation sales for the next 10 years.
[Company Name] will also employ an experienced assistant to help with various administrative duties around the office and a design team that will lead the repairs and renovations that needs to be done.
[Company Name]’s most valuable asset is the expertise and experience of its founder, [Founder’s Name]. [First name] has been a licensed real estate broker for the past 20 years. He has spent much of his career specializing in vacation property sales and rentals. Furthermore, [City] is his hometown, so he is intimately familiar with all the local tourist attractions and desirable neighborhoods.
[Company Name] will also employ an experienced assistant to help with administrative duties around the office and a design team that will oversee new property renovation.
[Company Name] is seeking a total funding of $200,000 to launch the business. The capital will be used for funding capital expenditures, salaries, marketing expenses and working capital.
Specifically, these funds will be used as follows:
- Office Build-out: approximately $50,000
- Working capital: approximately $150,000 to pay for marketing, salaries, and lease costs until [Company Name] reaches break-even
Topline projections over the next five years are as follows:
|Year 1||Year 2||Year 3||Year 4||Year 5|
|Income Tax Expense||$23,469||$263,663||$366,043||$448,092||$538,375|