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Wood Finishing

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Lam’s Finishing
Business Plan
Executive Summary
Lam Finishing will be formed as a Woodworking Finishing company specializing in custom wood finishing for the high-end residential and commercial market. Its founders have extensive experience in the wood finishing industry.
Over ten (10) years of being involved with the wood finishing companies, the owner produce high-end finishes, along with top of the line organization, customer service, and quality. Lam Finishing will meet those standard customer needs. Finishing a low market position in the high-end residential, and commercial development segments, the company projects revenues hopefully to grow substantially between FY1 and FY3. By maintaining an average gross margin of over 25%, the company estimates handsome net profits by FY3.
Keys to Success & Objectives
The company Key to Success & Objectives are: * To be a top wood finishing for residential and commercials in the regional market. * Offer our customers affordable, quality finishing that will last. * Customers must be 100% satisfied will all of Lam’s Finishing work. * Revenues to more than double Year1 levels by the end of Year2. * Aim to have 100% of works in high-end residential and commercial customer segment.

Mission
To deliver a high-quality product, on time and within budget.

Company Summary:
Lam Finishing is a new company that will provide expertise and quality in the millwork market while meeting the demanding organizing, scheduling, and quality needs of architects, owners, and construction professionals.

Start-up Summary
Total start-up expenses, including equipments, supplies and related expenses are shown below. Lam’s Finishing will require the following start-up equipments and supplies: * Spray Booth, Sanders, Spray Guns, Racks, Fire cabinets, etc. cost approximately $10,000. *

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