Assignment:
Please use the information provided below to generate a paragraph that elaborates on the history and formation of the organization, which is named Seven Brothers, LLC.
1) Executive Summary:
The purpose of this business plan is to raise $5,000,000 for the development of an alternative energy business that produces electricity from photovoltaic cells while showcasing the expected financials and operations over the next three years. Seven Brothers, LLC ('the Company') is a New York based corporation that will sell electricity into the power grid from the power produced from its photovoltaic cell structures. The Company was founded in 2008 by XXXXX.
2) The Services:
As the prices of traditional fuels has skyrocketed (oil, natural gas, and coal), the demand among consumers for ecologically friendly and economically viable alternatives has increased. As of mid 2008, the prices of crude oil and its related energy products have almost doubled. As such, companies like Seven Brothers, LLC have recognized a tremendous opportunity to develop facilities that produce electricity from renewable and infinite sources of energy like solar power.
The Company intends to develop approximately 700 individual solar energy producing structures that will sit on approximately 4 acres of land. The Company anticipates that this field will produce approximately 1MW of electricity to be sold into the power grid.
The third section of the business plan will further describe the production of the Solar Energy Farm.
3) Financing:
Mr. XXXXXXX is seeking to raise $5,000,000 from an investor. The preliminary terms of this agreement call for an investor to receive a 45% ownership interest in the business coupled with a recurring stream of dividends starting in the first year of operations. The investor will also receive a seat on the board of directors. The financing will be used for the following:
- Development of the Company's Solar Energy Farm location.
- Financing for the first six months of operation.
- Capital to purchase photovoltaic cell structures.
4) Mission Statement:
Management's mission is to develop the Solar Energy Farm into a profitable and ecologically friendly venture that will provide the Company and its owners with a steady stream of income from the sale of environmentally friendly energy productions services.
5) Management Team:
The Company was founded by one of seven sons of the late XXXXXXX, whom inherited the homestead. The business will be managed by XXXXXXX who has a Masters in Business Administration and is the Co-Founder and General Manager of a similar existing alternative energy business in the state of California. Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations.