Perfect business plan for my real estate business First Premier Property LLC in the Mercer county area of New Jersey. Plan Purpose: Investors roadshow ,Loan approval ,Partnerships / Joint ventures
Personal use Immigration. The paper should include Executive Summary, Company Overview, Vision and Mission Statement, Business Goals, Products and Services, Market Analysis, Industry Analysis, Competitor Analysis (2-3), Sales Forecast,Operating Expenses,Hiring Plan costs,Startup Expenses,Cash Flow Forecast in Excel
Financing Needs Appendices. I need the perfect business plan to get loans and grants for my business, so it need to be top quality.
Executive Summary
Introduction
First Premier Property, LLC(FPP) is a start-up company in the Mercer Countyarea. It is the mission of FPP to provide affordable rental homes in all the communities located in New Jersey, starting off one county to the next.First Premier Property is a real estate company that buys properties and rehabilitates them to rent them out to any working persons and or any persons receiving assistance.The Company FPP is a limited liability company registered in the state of New Jersey. Its founder is Ms. Quanisha Butler, a former student for Weidel Real Estate School in Pennington,NJwhere she attended for a few months. The co-founder is Ms. Tatanisha Dukes.The company plans to use private investors and a limited number of loans to fulfill the company’s objectives. The company expects to begin its services in August.The company’s clients will be for any persons 25 or older working single, married, couples and families looking for a home that is within they’re means. The company also wants to target the retirement age couples and single retirement people looking for a home that can offer significant services for their age group and income levels. Since Ms. Dukes is within this demographic group and knows and understands this market’s needs, she believes that she can appeal to such clients far more than most other competitors.The Services First Premier Property offers affordable rental properties to our diverse clients.The company’s services include buying houses and fixing them up with upgraded appliances, paint, flooring, piping, electrical and plumbing.Majority of the property’s that will be purchased through FPP will be at a discounted price whether it’s through the Mercer County sheriff’s foreclosure sale, Bank
foreclosure sales in Mercer County, or Public property auction of City-Owned Properties. First Premier plans to use these resources to get properties cheap, fix them up to the cities/state code to pass inspection and put them on the market to sell full price of its ARV or to rent the property out to someone who is in need of a home they can afford monthly.The Market The average sale price of a home in Mercer County was $275K last month, up 9.8% since last year. The average sale price per square foot in Mercer County is $171, up 4.6% since last year.The median rent in Mercer County is $2,043. That’s $574 above the national average rent of $1,469. Some general demographics of Mercer County, NJ are median age of 37, median household income of $77,027, total population of renters is 34 percent and 66 percent are homeowners.
Keys to Success
FPP’s keys to long-term survivability and profitability are as follows:
•Establish and maintain close contacts with residential real estate listing services, and all other service organizations such as SBR Realty.
•Keeping close contact with clients and establishing a well functioning long-term relationship with them to generate repeat business and obtain a top notch reputation.
•Establish a comprehensive service experience for our clients that include consultation, appraisal, sale preparation, community information, moving consultation, etc.
Objectives.
The objective for First Premier Property is to establish minimum 95% customer satisfaction rate. Long term relationships with our clients and create word of mouth marketing. 10 plus projects per year after the first year using techniques like postcards, flyers, and Internet platforms to promote and get the business out there.Generate leads from auctions by networking with construction workers and other investors for project needs.Financial Plan The start up expenses will roughly be estimates from purchasing bank owned foreclosure homes for no more then $20,000each. Purchasing a home inspection appraiser to see what needs to be done in order for the home to pass inspection for the state of New Jersey, which would round out to $700. Having the extra funds for an estimate of $30,000 for home improvements, $1,000 for legal fees and $1,000 for advertising
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