Import Export Business Plan


Import Export Business Plan


Opportunity

Solution

Visigoth Imports is a full-service import/export broker that offers purchase contracts, shipping, warehouse management, and scheduling. The company will be focusing on special and cultural imports, from Germany and Scandinavia to Leavenworth, WA. Visigoth will provide trade consultation services to newly started farms created under the Puget Consumers Co-op’s Farmland Fund initiative.

Market

Visigoth will be concentrating on servicing just two types of clients, the gift shops of Leavenworth, Washington, and the farmers of the Puget Consumers Co-op (PCC). Both market segments have been provided with exclusive contracts and endorsements, which puts us in an exceptional position to provide services for these niche companies.

Profitability in these two markets is expected to be excellent, especially in the import section as Leavenworth draws in over a million tourists each year. Although we anticipate profitability in the cooperative end to be slower over the first five-years of operation, it will rise steadily.

Competition

Any potential importing firm that serves small enterprises like farms and specialty gift shops is considered competition. This basically means that large national companies like Eagle Distributing and Fisher-Mills cannot compete with us. The majority of other companies are regionally focused. The foreign trade industry has a high degree of fragmentation. It is composed of many small companies that mainly deal with small businesses, as well as a handful large companies that are looking for the largest contracts from companies like Microsoft, GM, and others. This results in intense competition within the sector. Our niche strategy will avoid the drawbacks of competition such as price battles, etc.

Why Us?

We will be the preferred importer in Leavenworth. Visigoth knows that Leavenworth’s restaurants and import shops require unique gifts to meet the needs of the 1.3 million tourists who visit the town each year. Visigoth Imports understands that new farms created by the PCC farmland funds initiative have higher prices than other competitors. They will need to export their produce at an acceptable profit. Visigoth Imports’ combined experience in the import/export industry is 35 years. We believe in building long-term relationships with our clients to ensure seamless delivery and loyalty.

Expectations

Forecast

While most of the company’s liabilities will come to outside private investors or management investment, we have secured current borrowing from Bank of America Commercial Investments. We expect the principal to be paid in two years. A long-term loan through Charter Bank of Nieurich will be paid off in ten years.

The company expects to reach profitability in year 2 and does not anticipate any serious cash flow problems. We anticipate that approximately 3,500 units per month will ensure a break-even level.

Financial Highlights by Year

Financing Required

We will be getting $84,000 from the four founders.


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