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Painting Contractors Business Plan

Barnum Painters

This sample business plan can be edited directly in Business Plan Pro software.

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Company Summary

Barnum Painters is a start-up limited liability company consisting of three principle officers with combined industry experience of 40 years. The company was formed to take advantage of the perceived weakness and inadequacies of other regional companies in terms of quality and customer satisfaction. Barnum Painters will be a partnership between Mr. William Barnum, Mr. Anthony Barnum and Mr. Michael Kruger. The principles in the company will be investing significant amounts of their own capital into the company and will also be seeking a loan to cover start-up costs and future growth.

Barnum Painters will be located in a rented suite in the Rucker Industrial Park on 710 Snoquamie Route, Suite 250 in Edmonds, WA. The facilities will include a reception area, offices for the principals, storage area for inventory, and employee lounge.

The company plans to use its existing contacts and the combined customer base of Mr.'s Barnum and Kruger to generate short-term residential contracts. Its long-term profitability will rely on focusing on commercial contracts that will be obtained through strategic alliances and a comprehensive marketing program.

Company Ownership

Barnum Painters is a privately owned limited liability partnership with each of the principal officers holding an equal share in the company.

Start-up Summary

The following table and chart show the start-up costs for Barnum Painters.

Start-up
Requirements
Start-up Expenses
Legal £400
Stationery etc. £300
Brochures £500
Consultants £750
Insurance £600
Rent £4,000
Expensed equipment £0
Expensed Equipment £0
Other £0
Total Start-up Expenses £6,550
Start-up Assets
Cash Required £40,150
Start-up Inventory £850
Other Current Assets £0
Long-term Assets £4,000
Total Assets £45,000
Total Requirements £51,550
Start-up Funding
Start-up Expenses to Fund £6,550
Start-up Assets to Fund £45,000
Total Funding Required £51,550
Assets
Non-cash Assets from Start-up £4,850
Cash Requirements from Start-up £40,150
Additional Cash Raised £0
Cash Balance on Starting Date £40,150
Total Assets £45,000
Liabilities and Capital
Liabilities
Current Borrowing £7,000
Long-term Liabilities £0
Accounts Payable (Outstanding Bills) £0
Other Current Liabilities (interest-free) £0
Total Liabilities £7,000
Capital
Planned Investment
William Barnum £15,000
Anthony Barnum £18,550
Michael Kruger £11,000
Additional Investment Requirement £0
Total Planned Investment £44,550
Loss at Start-up (Start-up Expenses) (£6,550)
Total Capital £38,000
Total Capital and Liabilities £45,000
Total Funding £51,550

Company Locations and Facilities

Barnum Painters will be located in a rented suite in the Rucker Industrial Park on 710 Snoquamie Route, Suite 250 in Edmonds, WA. The facilities will include a reception area, offices for the principals, storage area for inventory, a painting booth, tool area and employee lounge.

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Start-up
Requirements
Start-up Expenses
Legal £400
Stationery etc. £300
Brochures £500
Consultants £750
Insurance £600
Rent £4,000
Expensed equipment £0
Expensed Equipment £0
Other £0
Total Start-up Expenses £6,550
Start-up Assets
Cash Required £40,150
Start-up Inventory £850
Other Current Assets £0
Long-term Assets £4,000
Total Assets £45,000
Total Requirements £51,550
Start-up Funding
Start-up Expenses to Fund £6,550
Start-up Assets to Fund £45,000
Total Funding Required £51,550
Assets
Non-cash Assets from Start-up £4,850
Cash Requirements from Start-up £40,150
Additional Cash Raised £0
Cash Balance on Starting Date £40,150
Total Assets £45,000
Liabilities and Capital
Liabilities
Current Borrowing £7,000
Long-term Liabilities £0
Accounts Payable (Outstanding Bills) £0
Other Current Liabilities (interest-free) £0
Total Liabilities £7,000
Capital
Planned Investment
William Barnum £15,000
Anthony Barnum £18,550
Michael Kruger £11,000
Additional Investment Requirement £0
Total Planned Investment £44,550
Loss at Start-up (Start-up Expenses) (£6,550)
Total Capital £38,000
Total Capital and Liabilities £45,000
Total Funding £51,550