Bark-Wood Dog Daycare
The analysis covers the operation plan for a made-up company known as Bark-wood Dog Daycare.
Bark-wood Dog Daycare is a canine daycare facility that is intended for the professionals who are willing and have desire of providing quality care for their pets while they are committed or at work. Its establishment is based on real market need within the high-end high-income market.
Management and organization: Bark-wood Dog Daycare will be established as a corporation which is equally owned in terms of shares by the three founders Graham Willis, Peter Drake, Tom Rintintin. Our operation to establish the legal entity is supported by the local legal firms such as Pug & Kesshond, Shar-Pei. Start up for Bark-wood Dog Daycare is supposed to be simple as well as cost effective. The main expenses will be rent and utilities that will arise from the large building space and office, (Genevieve Van Wyden, 2013). Other expenses will be advertisement expenses for promoting the service but these expenses may go down as more people will be having more knowledge of the services.
Start up inventory will include food for the dogs, shampoo and grooming supplies, as well as bedding among other supplies. Some of the assets will be bathing facilities for the dogs, and kennels together with play grounds. Apart from our own funds, we will require loans to start up the company. Each investor will invest $20, 000 and this will be added to the $50, 000. The aim of the business is to pay off the loan over three years.
Objectives:a) Be able to launch the business and develop sales of about $35, 000 per month annually; b) The sales to increase by 20% every year within the second and third year while increasing profitability)...
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