Business plan and some figures.a Essay Example | Topics and Well Written Essays - 1500 words

Business plan and some figures.a - Essay Example These partnering companies are called Pks and Shane. The companies will each buy 1000 units of wigs each month. This means therefore that we will produce 2000 units each month at  £450 per unit. The company is looking forward to securing a loan with your bank to ensure a boost in the sales and advertisements for the company’s products as well as its expansion. In the budgeted financials for the first year of operation the company expects to report promising returns from venturing in the industry. The company’s budgeted profits are  £7,242,400.00 for the first financial year. The company has we are looking to increase the market share thus we will require additional financing from your bank of an amount amounting to  £10,000,000. We are requesting the amount based on our projected revenues and a further increase of 30% of our budgeted expenses. The current market interest rate is at 7% which will be conducive for our organisation. The company’s management is aware of the repayment period of three year. Paying monthly payments of  £308,770.97 as per the loan amortization schedule shown in the appendix, the organisation will be committed in repaying the loan without failure. Wonderland Company intends to venture in the beauty industry in selling and distribution of female wigs both locally and internationally. The company has established two main distributors in the local market. These distributers are the PKs and the Shane companies limited. The company is looking forward to expanding is market to the international market thus the main reason to securing a business loan. The company will be sourcing its virgin hair ingredients from India, this is because of the great confidence that local consumers have on the hair. Indian hair is voted to be the best quality and consumer friendly in terms of price. The decision was reached after conducting research of the afro Caribbean hair