Trestle Creek Cabinets will become a custom cabinet company that specializes exclusively in high-end commercial, residential, and resort market cabinets. Its founders are experts in cabinet construction. Trestle Creek Cabinets is part of Trestle Creek, Incorporated, a construction firm that shares staff, office spaces, and administrative costs. Trestle Canyon Cabinets is treated as a separate business for business planning.
As a company that has been involved in the construction and maintenance of luxury homes for several years, the owners realized the need for a cabinet line that would offer a wide variety of design options, high end finishes, as well as top-of-the-line organization, customer services, and quality. Trestle Creek cabinets will satisfy these customers. Building a strong market position in the high-end residential, resort, and commercial development segments, the company projects revenues to grow substantially between FY1 and FY3. The company projects handsome net profits for FY3 by maintaining a gross margin of more than 25%.
The company owners have provided the capital to cover the start-up expenses. The company is looking for a 3-year commercial mortgage to finance its operating costs.
1.1 Objectives
The objectives of the company include:
- To be a top cabinet supplier to luxury homes in the regional market.
- Revenues of more than two times Year1 levels at the end.
- Target 70% in high-end residential customers segment.
- 20% of sales in mid-range residential customer segment.
- 10% of the sales goes to commercial development.
- To establish a showroom within three months in a prominent space.
1.2 Mission
To deliver a high quality product on time and within budget. We also provide an error-free ordering system.
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