Recycled Dreams

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Bridal Gown Shop Business Plan

Company Summary

Recycled Dreams is a bridal wear store that provides dresses for rent for the Portland, Oregon market. Most people agree that bridesmaids dresses are unattractive and are not usually worn again. Recycled Dreams will offer bridal gowns (for sale and for rent) and bridesmaid, matron and maid of honor, and flower girl dresses, as well as shoes for rental for the special event.

2.1 Start-up Summary

Recycled Dreams will incur the following start-up costs:

  • Computer with a point of sale terminal.
  • Back office terminal including printer, CD-RW.
  • Microsoft Office, QuickBooks Pro, POS software.
  • Display racks and shelving.
  • Three couches.
  • Desk, chair and filing cabinets.
  • Materials  to construct a plush series of changing rooms.
  • Full-length mirrors.
  • Website development.
  • Inventory of dresses, shoes, head pieces and veils.

Please note that the following items which are considered assets to be used for more than a year will labeled long-term assets and will be depreciated using G.A.A.P. approved straight-line depreciation method.

Start-up
Requirements
Start-up Expenses
Legal $100
Stationery etc. $100
Website development $500
Other $0
Total Start-up Expenses $700
Start-up Assets
Cash Required $31,300
Other Current Assets $0
Long-term Assets $18,000
Total Assets $49,300
Total Requirements $50,000
Start-up Funding
Start-up Expenses to Fund $700
Start-up Assets to Fund $49,300
Total Funding Required $50,000
Assets
Non-cash Assets from Start-up $18,000
Cash Requirements from Start-up $31,300
Additional Cash Raised $0
Cash Balance on Starting Date $31,300
Total Assets $49,300
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $20,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $20,000
Capital
Planned Investment
Investor 1 $30,000
Investor 2 $0
Other $0
Additional Investment Requirement $0
Total Planned Investment $30,000
Loss at Start-up (Start-up Expenses) ($700)
Total Capital $29,300
Total Capital and Liabilities $49,300
Total Funding $50,000

2.2 Company Ownership

Recycled Dreams is a sole proprietorship owned by Connie Jugal.