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.
After years of experience in building luxury homes, the company’s owners recognized the need to offer a range of design options and high-end finishes. They also wanted top-ofthe-line organization, service, quality and customer service. Trestle Creek Cabinets can meet these customers’ needs. The company expects significant growth in revenues between FY1- FY3. This is due to its strong market position in high-end residential, resort and commercial development segments. By maintaining an average gross margin of over 25%, the company estimates handsome net profits by FY3.
The capital needed to fund the startup expenses was provided by the shareholders. To cover operating expenses, the company is currently seeking a 3-year commercial loan.
1.1 Objectives
The company objectives are:
- To be a premier cabinet supplier to luxury homes on 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 the mid-range residential customer segment.
- 10% of sales in commercial development segment.
- To open a showroom in three months in a prominent retail area.
1.2 Mission
To deliver a high quality product on time and within budget. We also provide an error-free ordering system.