Convenience Store Gas Station Business Plan

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Company Summary

Allensburg's Food and Gas is a new convenience store and gas station in Allensburg. Robert Cole, owner of Allensburg's Food and Gas, has seven years of experience in managing gas stations. Robert will focus on the commuters that pass through the town daily. Allensburg's Food and Gas will offer its customers the best gas prices and quality food products.

2.1 Company Ownership

Allensburg's Food and Gas is wholly owned by Robert Cole.

2.2 Start-up Summary

Robert Cole will invest $60,000 in Allensburg's Food and Gas. Robert aims to secure an SBA of $150,000 to finance the remainder of the start up costs.

The following chart and table show projected initial start-up costs for Allensburg's Food and Gas.

Start-up
Requirements
Start-up Expenses
Legal $1,000
Insurance $1,000
Rent $1,500
State Permits $3,000
Gas Station Setup $70,000
Store Setup $20,000
Promotional Sign $5,000
Total Start-up Expenses $101,500
Start-up Assets
Cash Required $18,500
Start-up Inventory $10,000
Other Current Assets $0
Long-term Assets $80,000
Total Assets $108,500
Total Requirements $210,000
Start-up Funding
Start-up Expenses to Fund $101,500
Start-up Assets to Fund $108,500
Total Funding Required $210,000
Assets
Non-cash Assets from Start-up $90,000
Cash Requirements from Start-up $18,500
Additional Cash Raised $0
Cash Balance on Starting Date $18,500
Total Assets $108,500
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $150,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $150,000
Capital
Planned Investment
Robert Cole $60,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $60,000
Loss at Start-up (Start-up Expenses) ($101,500)
Total Capital ($41,500)
Total Capital and Liabilities $108,500
Total Funding $210,000