BUSINESS PLAN

Business plans: CBD oil extraction and packing Company

Student’s name

Institution

Date
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Table of Contents
Executive summary...................................................................................................................................2
Vision and Mission Statements.................................................................................................................2
Company overview....................................................................................................................................2
Product(s) and Services Plan....................................................................................................................3
Marketing Plan..........................................................................................................................................3
Management plan......................................................................................................................................4
Operating Plan...........................................................................................................................................4
Financial Plan............................................................................................................................................5
Contingency plan.......................................................................................................................................8
References................................................................................................................................................10
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Executive summary
The use of the cannabinol CBD oil has continued to soar in popularity. The popularity of

Oil is associated with health-related benefits. It is it wonder that the market for Oil has become

considerably wider. The Oil which is extracted from the Cannabis plant the diluted with other Oil

such as the coconut and the hemp oilseed, will make the basis of this business. The business will

involve the extraction of the CBD oil from the residual plant and the hemp plant, which has a

closer relationship with the marijuana plant. These oils do not in any way have any know side

effect online the other drags and the medicines. Therefore this will be a boost on the factor of

marketing of the product. The Glad Company will extract the CBD oil for the health profits and

medical applications alone.

Vision and Mission Statements

Vision statement

We intend to develop a CBD oil extraction organization, or whole business brand will in the

future become a significant name all over the world

Mission statement

Our mission is to develop a standard and the world close extraction Company and packing

company that will be able to match the global industrial scale.

Company overview
Glad company Inc. is a licensed CBD Oil exacting organization that will be located in the

lower industrial area of New York City. The business has been able to secure a relatively long-

terms lease for the facility in strategic locations with an option for a relatively long term renewal
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on an agreed condition that will favour the business. The business will aim at producing a

relatively wider variety of the CBD oil obtained or extracted from the various types of cannabis

and the Hemp plants at commercial qualities for both retail and industrial scales. Besides, we are

in business in making a profit at the same to offer our clients the value for their resources. Glad

Company Inc., oil Extraction Company, will, therefore, ensure that our Clients the wholesalers

are offered the most quality treatments whenever they come to the depot or company. We have a

business CRM software that will enable the company to manage one kind of relationship with

our clients regardless of how large they might grow to become. Glad company is a family

business that is owned by the Glad family and his family members. The manager of the company

has been in business for quite some time. He has a robust experience in of over 14 years and

holds a master degree in biochemistry from the Oxford University and MBA from the same

university.

Product(s) and Services Plan

The business is planning to operate a standards CBD oil extraction and packaging

business whole products will be sold all over the US for the start of the company and later to

other parts of the world. The business is in the industry intending to make profits and offer our

clients the value for their money, and we plan to operate according to the law of the USA in in

achieving all the corporate goals. We plan to engage in oil extraction on a large scale.

Marketing Plan
Before the choice of the s location, the company conducted an internets market survey in

order to develop a marketing plan aimed to penetrate the available markets in our target location.

We have a detailed data that will make it possible for users to utilize the structures of the

business in attracting the numbers of customers that we are planning to draw at any given times
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and also for our CBD oil to favourable complete with others leading global brand in the country.

Advertise the products in community-based papers and local media such as radios and TVs. We

intend to introduce our brand through sending of the introductory alter to the other

manufacturing companies that make the use of eh CBD, household and practitioners that uses he

ole in the USA and other parts of the world.

Management plan
The business will have the CEO as the overall manager of the company. However, for the

management of the business others individuals will also be involved in the management of the

organization key department and specific roles such will includes;

 Plant Manager- responsible for overseeing the operation of the plan and report to the
managers

 Human Resources and Admin Manager- responsible for the recruitment and
employees management

 Oil Extraction Machine Operators- accountable for the maintenance of the plans
machinery

 Sales and Marketing Manager- responsible for Oil sales and marketing

 Accountants- manages all the financial aspect of the business

 Other employees-responsible for the extraction and the other elements of the business
logistics procedure

 Cleaners- general clearing of the plant

Operating Plan
Glad company Inc. is established to develop a favourable competing with other organization s in

the industry. We will ensure that we put the right operational structures in places that will be able

to support the element of the demand for our oil production and the chance for expansion as the

business grows while setting up the company. Besides, we will ensure that we only employees

individual who are most qualified, honest and hardworking with the customer-centric. Besides,
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we are looking to those who are will and ready to build a prosperous business relationship and

work together with others in ensuring the success of the business. The business plans to operate

24 hours a day for six days a week from Monday to Saturday. The market will have day and

night shifts with the employee's population during the start of the business planned at 45-50 for

the launch of the company. However, these numbers are expected to increase as the business

expands.

Financial Plan
Budget

Starting the CBD oils extraction company is a very capital intensive affair. This is because the

amount needs to set up the station plaint is relatively on a higher side compared to other related

business. The bulk startup capital that will be sent on leasing or acquiring a facility and

purchasing of the CBD and extracting processing machines is relatively higher. Since the

business is at its startup point, the financial plans for the market entail the projection of the

company. Still, the existing budget only causes the capital for the business at its sta4ting point.

The income statement and the budgets of the business is at stated below

item amount
Total fee for registration 20,000
Legal expenses( software and the POS) 40,000
Marketing promotions coast 300,000
Cost in hiring the business consultant 10,000
Insurances cost and coverage at total premiums 30,000
rent 200,000
Construction cost 400,000
Others star up expenses such as stationery and utility costs 200,000
Invertor costs 500,000
Cost of equipment’s 200,000
Website launch 10,000
miscellaneous 40,000
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Income statement

For Year Ending 12/31/20

Sales

Gross Sales $1,139,437

Less Returns $1,805

Net Sales $1,137,632

Cost of Goods Sold

Materials $47,036

Contract Manufacturing $247,950

Licensing Payments $76,387

Total Cost of Goods Sold $371,373

Gross Profit $766,259

Operating Expenses

MARKETING & SALES

Sales & Mktg Salaries $137,243

Collateral & Promotions $13,381

Advertising $27,313

Other Sales & Mkt Costs $3,412

Total Marketing & Sales Expenses $181,349

GENERAL & ADMINISTRATIVE

Office Salaries $115,823

Rent $49,315

Utilities $17,384

Depreciation $11,939
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Other Overhead Costs $28,875

Total General & Administrative $223,336

Total Operating Expenses $404,685

Net Income Before Taxes $361,574

Taxes $123,862

Net Income $237,712

Contingency plan

risk probability preparation response

A more high Come up with the call tress Call employees to request they

significant for asking employees to come come in for the changes that are

number of in for the unscheduled shifts not scheduled

employees in the company

unable to Come up with the incentives

come plans to boost the morale of

unplanned schedules

Come up with a process of

the ruining changes with

fewer employees.
breakdow mediums Hold the parts, components The machinery office to

n of and cold standbys in develop workarounds process

machinery inventory for the fast aimed at keeping the work line

maintenance running where possible to avid

the operation from stopping

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Have a quick maintenance

teams fix
Power high Machinery backup power for  Escalation of the energy

outage critical machines aimed at within the company

preventing the safety risk  Having a standby

associated with the generators to help in

procedures. continues the production

during such instances

within the organization

System higher All networks and system of  Switching off the

breakdow the company to be designed systems backups to

n with more substantial backups await and cover for any

breakdown

 Develop help swathing

backup to help in

correcting such system

breakdown.
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References

Berbegal-Mirabent, J., Gil-Doménech, D., & Alegre, I. (2016). Improving business plan

development and entrepreneurial skills through a project-based activity. Journal of

Entrepreneurship Education, 19(2), 89.

Hopp, C., Greene, F. J., Honig, B., Karlsson, T., & Samuelsson, M. (2018). Revisiting the

influence of institutional forces on the written business plan: a replication

study. Management Review Quarterly, 68(4), 361-398.

Lam, K. (2018). Behavioral Integration LLC a Business Plan. California State University, Long

Beach.

McKeever, M. (2016). How to write a business plan. Nolo.