Miles Garden Carpentry tailors solutions to customer's garden expectation needs. Currently, Miles Garden Carpentry is a subcontractor with Bentwood Custom Homes, Greenridge Homes, and Landmark Homes to provide garden carpentry services to their new homes in the Old Town area.
2.1 Company Ownership
Miles Garden Carpentry is owned by Joan Miles.
2.2 Start-up Summary
Joan Miles will provide the major investment in starting Miles Garden Carpentry. Joan will also secure an SBA loan. The following table and chart show projected initial start-up costs for Miles Garden Carpentry.
| Start-up |
|
|
| Legal |
$2,000 |
| Stationery etc. |
$300 |
| Brochures |
$3,000 |
| Construction Material |
$20,000 |
| Insurance |
$1,000 |
| Rent |
$1,000 |
| Equipment and Tools |
$5,000 |
| Vans (2) |
$30,000 |
| Total Start-up Expenses |
$62,300 |
|
|
| Cash Required |
$12,700 |
| Other Current Assets |
$0 |
| Long-term Assets |
$35,000 |
| Total Assets |
$47,700 |
|
|
| Total Requirements |
$110,000 |
| Start-up Funding |
| Start-up Expenses to Fund |
$62,300 |
| Start-up Assets to Fund |
$47,700 |
| Total Funding Required |
$110,000 |
|
|
| Non-cash Assets from Start-up |
$35,000 |
| Cash Requirements from Start-up |
$12,700 |
| Additional Cash Raised |
$0 |
| Cash Balance on Starting Date |
$12,700 |
| Total Assets |
$47,700 |
|
|
|
|
|
|
| Liabilities |
|
| Current Borrowing |
$0 |
| Long-term Liabilities |
$50,000 |
| Accounts Payable (Outstanding Bills) |
$0 |
| Other Current Liabilities (interest-free) |
$0 |
| Total Liabilities |
$50,000 |
|
|
| Capital |
|
|
|
| Planned Investment |
|
| Joan Miles |
$60,000 |
| Other |
$0 |
| Additional Investment Requirement |
$0 |
| Total Planned Investment |
$60,000 |
|
|
| Loss at Start-up (Start-up Expenses) |
($62,300) |
| Total Capital |
($2,300) |
|
|
|
|
| Total Capital and Liabilities |
$47,700 |
|
|
| Total Funding |
$110,000 |