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Business Plan Page 7 of 16 <br />Business Plan - Blue Cottage Farms <br />The Company <br />Business Sector <br />The owners would like to start a business in the professional and technical services sector. <br />Company Goals and Objectives <br />Create an affordable wedding and event venue for the surrounding community. We have a property <br />with 15 acres of land and a barn that is perfect for hosting small to large gatherings. Our private home <br />is also on the property, which will be off limits to our client and their guests. We were married on this <br />property and have hosted several family graduation parties, birthday parties, and gatherings with friends <br />and family. We understand the work it takes and what the best setup entails for events, big or small. We <br />have the ideal location with plenty of parking. <br />Financial: <br />We will have minimal startup costs due to the fact we own and have lived on the property since April of <br />2015, and have been slowly working on the barn, landscaping, and out buildings. Money received for <br />events will be put back into the business for upkeep and improvements as can be afforded. No loans are <br />required, as personal savings from our full-time jobs are being used for current upkeep and <br />improvements. Our goal is to turn a profit within two years of operating the event business. <br />Within the calendar year of 2021 we plan to start small by hosting 1-3 weddings, 3-5 small events and <br />advertise through social media and word of mouth. We have pricing ready for clients and a brochure <br />that lists out costs. <br />Within five years, we hope to grow the business and have 12 out of 16 available weekends booked for <br />events and we have grown in popularity. At this time, sales should be forecast at 10-15K a month. <br />Company Ownership Structure <br />The company will be structured as a sole proprietorship. <br />Ownership Background <br />