Finance & Accounting
Pages 5 (1255 words)
Name Instructor Course Date Financial Plan Financial Plan Summary This plan outlines the most important financial information of Hoosier Pet Palace. Hoosier Pet Palace is the newest for-profit business coming to Bloomington, IN. Unlike most businesses where their only goal is to make money, HPP is also looking to solve a social issue within the community.
During this time, a majority of the students on campus leaves and return to their homes and if they have a pet, they must either take it home with them where it might not be allowed, or they have to find a boarder, which is where we come in. We will be offering not only students, but also all members of the Bloomington community, the ability board their animals for extended periods for a fee. Some of the major sources of revenue to the Hoosier Pet Palace include pet grooming and boarding, breeding, and handling. On the other hand, the expenses are in the form of food for dogs, veterinary services, wages, electricity, interest on loan and others. Situational Review Hoosier Pet Palace is a unique entity, being the first to incorporate both pet care service and waste food recycling, Hoosier Pet Palace has a great potential for growth and limited competition in Bloomington, Indiana. There are two major pet care service providers in Bloomington: Canine Companions and The Dog House. Canine Companions was established in 1993 that distinguish themselves from others as “the only complete full-service one-stop pet care facility in the Bloomington area.” Not only do they provide daycare, they also provide boarding programs, medical treatments, training, exercise options, and grooming services. ...