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Plan Outline
Real Estate Broker Business Plan
Reed Properties
Company Summary
Reed properties is a single-agent real estate brokerage that will serve the Richmond Metro area.
2.1 Company Ownership
Reed Properties is owned by Claudia Reed.
2.2 Start-up Summary
The start-up costs are outlined in the following chart. Start-up costs derive from office equipment, computer station complete with software, stationery, legal costs, furnishings, office advertising and services, and expenses associated with opening our office. The start-up costs are to be financed by direct owner investment. The assumptions are shown in the following table and chart. Lease office space averages £1.10-1.60 per square foot to equal an approximate of £1,500 per month, plus utilities, for efficient leased office space. Commercial lease will be for a three to five year agreement with the first month and a security deposit equal to the monthly lease rate payable at the time of lease start date.
| Start-up Funding | |
| Start-up Expenses to Fund | £15,050 |
| Start-up Assets to Fund | £9,950 |
| Total Funding Required | £25,000 |
| Assets | |
| Non-cash Assets from Start-up | £0 |
| Cash Requirements from Start-up | £9,950 |
| Additional Cash Raised | £0 |
| Cash Balance on Starting Date | £9,950 |
| Total Assets | £9,950 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | £0 |
| Long-term Liabilities | £0 |
| Accounts Payable (Outstanding Bills) | £0 |
| Other Current Liabilities (interest-free) | £0 |
| Total Liabilities | £0 |
| Capital | |
| Planned Investment | |
| Claudia Reed | £25,000 |
| Investor 2 | £0 |
| Other | £0 |
| Additional Investment Requirement | £0 |
| Total Planned Investment | £25,000 |
| Loss at Start-up (Start-up Expenses) | (£15,050) |
| Total Capital | £9,950 |
| Total Capital and Liabilities | £9,950 |
| Total Funding | £25,000 |
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | £900 |
| Stationery etc. | £500 |
| Brochures | £1,000 |
| Advertising | £2,500 |
| Insurance | £200 |
| Rent | £3,000 |
| Answering Service | £200 |
| Utilities Start Up | £250 |
| Office Furnishings | £1,000 |
| Expensed Equipment | £3,000 |
| Business Software | £2,000 |
| Office Supplies | £500 |
| Other | £0 |
| Total Start-up Expenses | £15,050 |
| Start-up Assets | |
| Cash Required | £9,950 |
| Other Current Assets | £0 |
| Long-term Assets | £0 |
| Total Assets | £9,950 |
| Total Requirements | £25,000 |
2.3 Company Locations and Facilities
Reed Properties will be located downtown in the new Richmond Bank Building.