finance quiz

Cool-ette

Executive Summary

Overview

Cool-ette Co. is committed to giving the comfort of coolness to those in uncomfortable heat. Our cooling towels wrap around our customers’ necks to give instant heat relief!

Problem

Active people are always up and on the go. On days when the heat is too much to bear, what do people generally resort to? Waving magazines, hiding under umbrellas, and clinging to temporarily, cold water bottles are some of the more popular quick fixes. Discomfort can happen at any time, which is why Cool-ette will be there to offer comfort and heat-relief when convenient for our customers.

Solution

Our company will be giving easy and rapid heat relief solution to customers as they are suffering without a plausible solution. Wrapping a thin towel around the neck of a customer can make all the difference. Cool-ette stays a cool 30 degrees below average body temperature due to the light, easy-to-breathe fabric that allows for a steady rate of evaporation. The mesh-like fabric allows the water to absorb and evaporate at a perfect rate for optimal and long-lasting relief.

Target Market

Our target market is people that spend time outside hiking, participating in sport events, or watching sporting events. To pinpoint our target market, women will be more open to using our product because women are more concerned for their aesthetics. The Cool-ette can be applicable to people of all ages which makes it so great.

Competition

There are similar products in the market today, but not at the tip of everyone’s fingertips on hot days. Cooling towels are an easy to use solution for everyone. Our competitive advantage over the competition is that we will be readily available when the customers need us most. We also will use our charity, The Little Heart Warriors, as an extra motive for buyers to purchase our product as a means of goodwill.

Financial Summary

Planned sales: In the most likely case, the company plans to sell 5 units per person per week. After we add the sales at the events, our total sales units will be 725 units. In the best case, the company sales increased by 16% because of the hot weather, and increased demand. The best-planned sales will be 864 units. In the worst case, the company has to reduce our sales by 40% due to the weather, quality, and events being canceled. And that will decrease sales to 436 units.

Profitability: The selling price is that one for $10 and two for $16. The cost per 200 unit is $3.25 including shipping cost and cost per 400 unit is $2.87 including shipping cost, the total net profit is $2,542.57.

Finances Sought

Cool-ette is seeking a $2,000 loan from Wells Fargo as a means to start our company. These funds will go towards inventory start up and marketing.

Executive Summary

Pawp-Up is passionate about providing pet owners with the convenient means to nourish their pet pal on the go. That’s why our motto is “Your pets, our love.”

The collapsible pet bowl is the perfect solution to making sure your animal is hydrated and well-fed. This bowl flattens into a disk and comes with a carabiner to make it easier to take with you. It can be clipped on or easily stashed in a bag. It is made of high-quality, BPA-free, dishwasher-safe silicone and we are selling at a price lower than PetSmart and other pet stores. In addition, Amazon may be $2.00 cheaper, but takes a few days to ship and we will have it readily available for the customer.

Because of our love for animals, we have decided to partner with the Barks of Love charity. We have chosen Barks of Love because their goal is to give each dog a home outside of animal shelters. With Barks of Love’s efforts to provide each pet with the perfect family and with our help, more animals can be saved from these shelters.

Pawp-Up has a detailed marketing and sales plan in order to get customers as excited as we are about these collapsible pet bowls. Customers will be able to see that we are offering the best and most convenient tools to giving their pet a better life. We have plans to sell our product at many animal-related events, creating a bigger hype within our market.

With a cost of about $2.50 per unit and a selling price of $12.00, we are ambitious in our sales goals to make the most profit possible to donate to our charity. We have minimized marketing costs by utilizing a company that is willing to donate certain items, as well as using free online tools to spread the word.

We are requesting a line of credit of $2,500 in order to help us get the company started. This will help us with our first shipment of product, some of the supplies for marketing, and our first few event fees. We have a very thorough plan that will guarantee the loan is paid back in full with the accrued interest.

Purifighters is a provider of quality car air purifiers, each made of high quality material, our car air purifier allows our customers to experience a fresher sense of air in their vehicle; whether it's commuting to work, commuting to school, or even on road trips. Purifighters was established at the University of La Verne, in La Verne, California in January of 2018.

The company's objective is to sell and market car air purifiers within the University of La Verne as well as the Greater Los Angeles area, Orange County, and Inland Empire area. The incentives of the program as well as the business include, but are not limited to, a hands on learning experience for all company members, as well as the opportunity to fulfill our corporate social responsibility by donating all our proceeds to, United Children of the Friends.

As a company we have chosen to donate all proceeds to, United Children of the Friends a non-profit organization, UNOTF empowers current and former foster youth on their journey to self-sufficiency through service enriched education and housing programs, advocacy and consistent relationships with a community of people who care.

As a company dedicated to providing our clients with clean air within their vehicles, our mission is to eliminate all particles of dirt and dust from the air within our customers vehicles. Our awareness of harmful air quality motivates us to maximize profits through our Pure O2 product. Enjoy the gift of giving and help support our youth as all proceeds will be donated to United Friends of the Children.

To target a market comprised of consumers who seek a healthier living and cleaner air within their vehicles in the Greater Los Angeles Area, Inland Valley, and Orange County.

To participate in two events/venues per week to sell units at, aiming to sell a minimum of 15 units per event. To repay the $2,500 loan plus interest by the end of the working semester/close of the business. To make a $3,000 profit to donate to our charity United Friends of the Children.