Business Plan for King Karaoke Inc.

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Business Plan for King Karaoke, Inc. 1. Executive Summary The purpose of this business plan is to fully describe the operations, funding and staffing of King Karaoke, Inc., a mobile sing-a-long service that features traditional and modern Irish songs for parties, reunions, celebrations and other Irish get-togethers. Although Irish music is enormously popular throughout the country and pubs frequently feature live bands consisting of several live performers, there remains a market opportunity for less expensive alternatives that effectively engage the audience with traditional Irish songs (Thomas 2009). The management team for King Karaoke, Inc. (hereinafter alternatively "the company") will consist of two principal partners who will share in the enterprise fifty-fifty. Although the company does not have a corporate track record to date, its principals have several years' of combined experience in performing these services in other capacities. The company's start-up costs are approximately $10,500 and are fully funded with personal resources. The company's financial projections for the first three years of operation are set forth in Table 1 below. Table 1 Financial Projections for King Karaoke: Year 1 through Year 3 Year 1 Year 2 Year 3 Sales $50,000 $75,000 $100,000 Net Profit before Tax $37,500 $60,000 $75,000 Investment $7,500 $2,500 $1,000 Employment $500 $1,000 $2,000 2. Company Description Promoters and Shareholders Promoters. The company's

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