Bed and Breakfast - Caribbean - Business Plan

Vette Kat Harbour Bed and Breakfast

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Company Summary

The Vette Kat Harbour Bed & Breakfast, located overlooking Vette Kat Harbour on our beautiful Caribbean island will offer a luxurious, quaint B & B for people to enjoy.  The Vette Kat Harbour Bed & Breakfast will have seven individual rooms some with private baths, a central living room/socializing area, a garden patio, outdoor BBQ area and a Buccaneer Culinary Centre (housed in former out building) for its guests.  Two of the guest rooms can be joined to form the Privateer Suite with a private kitchen, living room and outdoor sitting area and a separate entrance to offer a unique lodging experience.  We are located within casual walking distance from the shore on a quite small town street.

The adjacent properties are of a matching elegant nature and charm up and down the street.  The entire property next to us is owned by the church and quiet.

2.1 Company Ownership

The Vette Kat Harbour Bed & Breakfast will be a LLC of Kayman St. Lucia - who will be the owner.  The B & B uses Mr. St. Lucia's home as the inn.

2.2 Start-up Summary

The Vette Kat Harbour Bed & Breakfast start-up expenses include:

  • Home office equipment including: computer, copier, fax machine, extra telephone line, and filing cabinet.
  • Wireless Internet network access for guests.
  • Website creation.
  • Advertising/association dues for the several B & B associations.
  • Furnishings and linens for individual guest rooms.
  • Pest Control Program set up.
  • Tableware (China, Silverware, and glassware).
  • Signage.
  • Safety Programs (Fire) (Anti-slip).

We have budgeted $32,000.00 for initial, functional yet tasteful furnishings.

Our Bed and Room Linen Expenses Breakdown.

  • Comforters - $700
  • Sheets - $420
  • Blankets - $350
  • Pillows - $300
  • Towels - $1,200
  • Dust Ruffles - $140
  • Robes - $1,680
  • Total - $4,790

Equipment and Furnishings Expenses Breakdown.

  • Computers - $2,800
  • Computer Accessories - $300
  • Computer Printers - $513
  • Poster Printer - $800
  • Router - $148
  • Networking Cables - $156
  • Furniture - $13,453
  • Lamps - $150
  • Artwork/Decorations - $1,843
  • Accessories - $1,273
  • Buccaneer Culinary Collection - $1,821
  • Kitchen Equipment - $1,400
  • Telephone Upgrade - $180
  • Total - $24,840

Kayman St. Lucia will directly invest $25,000 in starting up the B & B.  We plan on acquiring additional direct funding via a bank and backed by the SBA under an Island Economic Development loan package.

Start-up
Requirements
Start-up Expenses
Legal $1,260
Insurance $2,903
Licenses and Permits $320
B&B Associations & linking $2,400
Retrofit of Premises $3,000
- $0
Total Start-up Expenses $9,883
Start-up Assets
Cash Required $24,000
Start-up Inventory $2,500
Other Current Assets $13,667
Long-term Assets $56,000
Total Assets $96,167
Total Requirements $106,050
Start-up Funding
Start-up Expenses to Fund $9,883
Start-up Assets to Fund $96,167
Total Funding Required $106,050
Assets
Non-cash Assets from Start-up $72,167
Cash Requirements from Start-up $24,000
Additional Cash Raised $0
Cash Balance on Starting Date $24,000
Total Assets $96,167
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $81,210
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $81,210
Capital
Planned Investment
Owner Investment $24,840
Other $0
Additional Investment Requirement $0
Total Planned Investment $24,840
Loss at Start-up (Start-up Expenses) ($9,883)
Total Capital $14,957
Total Capital and Liabilities $96,167
Total Funding $106,050
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Start-up
Requirements
Start-up Expenses
Legal $1,260
Insurance $2,903
Licenses and Permits $320
B&B Associations & linking $2,400
Retrofit of Premises $3,000
- $0
Total Start-up Expenses $9,883
Start-up Assets
Cash Required $24,000
Start-up Inventory $2,500
Other Current Assets $13,667
Long-term Assets $56,000
Total Assets $96,167
Total Requirements $106,050
Start-up Funding
Start-up Expenses to Fund $9,883
Start-up Assets to Fund $96,167
Total Funding Required $106,050
Assets
Non-cash Assets from Start-up $72,167
Cash Requirements from Start-up $24,000
Additional Cash Raised $0
Cash Balance on Starting Date $24,000
Total Assets $96,167
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $81,210
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $81,210
Capital
Planned Investment
Owner Investment $24,840
Other $0
Additional Investment Requirement $0
Total Planned Investment $24,840
Loss at Start-up (Start-up Expenses) ($9,883)
Total Capital $14,957
Total Capital and Liabilities $96,167
Total Funding $106,050