ExecutiveSummary
ADVENTUREWORKSisahigh‐enddesignandremodelingfirmwithareputationfor
integrity,qualitycraftsmanship,andexcellenceinmanagement.Inthreeyearsannualsales
haveincreasedtobewelloveramilliondollars.
ADVENTUREWORKSwasformedbyBrianGrothasaSoleProprietorshipinDecember1997.
In1998acombinationofactivitiesinvolvingresidentialdesign,consulting,andgeneral
constructionbroughtGrossSalesof$250,000.
TheCompanyexperiencedsteadygrowthsinceitsinception,andincorporatedinMarch1999,
(seeAppendix6,ArticlesofIncorporation).In1999GrossSalesof$750,000wereachieved.In
2000,signedcontractsshowthatGrossSalesareexpectedtobe$1,300,000(seeAppendix2,
currentBacklog).
TheCompanyhasitsaddressinleasedpremisesat1234AStreet,Springfield,MD40523.Its
activitiesfallundertheStandardIndustrialClassificationSIC1521and1522.Theownersare
BrianGrothandJulieBankert.
ADVENTUREWORKSisinvolvedinfourdistinctactivities:
1. ArchitecturalDesign
2. Residential&LightCommercialConstruction
3. PropertyServices
4. RetailFloorCoverings(seeAppendix4).
EightytoninetypercentoftheGrossSalesareindesignandconstruction.Atthemoment(May
2000),thereare25permanentemployeesonthepayrolland10subcontractedworkers
excludingsubcontractingcompanies(seeAppendix1forresumes).
ThecompanyʹsShortTermObjectives(within thenextthreeyears)aretoincreaseactivityinall
Divisions,andtoachieveannualprofit,netaftertaxes,of$200,000by2005.ItsLongterm
objectivesare:tomaintainthelevelofcurrentbusinessachievedupto2005,andthentomove
intohistoricalrestorations,morelightcommercialwork,andincreasednewcustomhome
construction.
Toimplementtheseobjectivesthecompanyneeds:
1. Aloanof$100,000atPrimeplus2%.Thisloantobeusedforcurrentneartermexpenses
including__________________,______________and____________Itwillberepaidin
fiveyears.
2. Alineofcreditof$50,000totakeadvantageofdiscountsavailable,avoid associated
penalties,andexpandintohighprofitareasrequiringpositivecashflow.