Bridal Shop Business Plan

Moms, Maids and More

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Company Summary

Moms, Maids, and More is a new retail boutique that will be a unique supplement to the existing bridal shops in the greater Seattle area. While most bridal shops focus on providing the bride with her wedding gown, the focus of Moms, Maids, and More is everything besides the wedding gown. Our core products include mother-of-the-bride and mother-of-the-groom attire, bridesmaids' attire, flower girl attire, bridal footwear, and bridal accessories, such as veils, headpieces, and jewelry. Our goal is to be the one-stop-shop for items beyond the wedding gown, and to provide a fulfilling shopping experience for our customers.

2.1 Company Ownership

Moms, Maids, and More is a privately held company. It is registered in the state of Washington as a single-member LLC with Dagny Taggart as the owner.

2.2 Start-up Summary

Total start-up cost estimates are shown in the following table and charts. The most significant components of the start up costs are inventory (30%), cash-on-hand (23%), and expensed equipment and leasehold improvements (19%).

The start-up costs will be financed through a combination of owner investment and long-term loans.

Start-up
Requirements
Start-up Expenses
Legal $1,000
Stationery $800
Other Supplies $1,150
Consultants $1,500
Insurance $1,000
Rent $8,800
Leasehold Improvements (Expensed) $10,000
Expensed Equipment $8,000
Other $4,000
Total Start-up Expenses $36,250
Start-up Assets
Cash Required $21,900
Start-up Inventory $28,350
Other Current Assets $1,000
Long-term Assets $8,500
Total Assets $59,750
Total Requirements $96,000
Start-up Funding
Start-up Expenses to Fund $36,250
Start-up Assets to Fund $59,750
Total Funding Required $96,000
Assets
Non-cash Assets from Start-up $37,850
Cash Requirements from Start-up $21,900
Additional Cash Raised $0
Cash Balance on Starting Date $21,900
Total Assets $59,750
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $65,000
Accounts Payable (Outstanding Bills) $1,000
Other Current Liabilities (interest-free) $0
Total Liabilities $66,000
Capital
Planned Investment
Dagny Taggart $30,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $30,000
Loss at Start-up (Start-up Expenses) ($36,250)
Total Capital ($6,250)
Total Capital and Liabilities $59,750
Total Funding $96,000
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Start-up
Requirements
Start-up Expenses
Legal $1,000
Stationery $800
Other Supplies $1,150
Consultants $1,500
Insurance $1,000
Rent $8,800
Leasehold Improvements (Expensed) $10,000
Expensed Equipment $8,000
Other $4,000
Total Start-up Expenses $36,250
Start-up Assets
Cash Required $21,900
Start-up Inventory $28,350
Other Current Assets $1,000
Long-term Assets $8,500
Total Assets $59,750
Total Requirements $96,000
Start-up Funding
Start-up Expenses to Fund $36,250
Start-up Assets to Fund $59,750
Total Funding Required $96,000
Assets
Non-cash Assets from Start-up $37,850
Cash Requirements from Start-up $21,900
Additional Cash Raised $0
Cash Balance on Starting Date $21,900
Total Assets $59,750
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $65,000
Accounts Payable (Outstanding Bills) $1,000
Other Current Liabilities (interest-free) $0
Total Liabilities $66,000
Capital
Planned Investment
Dagny Taggart $30,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $30,000
Loss at Start-up (Start-up Expenses) ($36,250)
Total Capital ($6,250)
Total Capital and Liabilities $59,750
Total Funding $96,000