Candlelight Cichlid Breeders

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Fish Breeder Business Plan

Company Summary

Candlelight Cichlid Breeders will be a privately-owned tropical fish breeding business.  We will offer rare cichlid species to customers throughout the country.  Our customers do not have access to the species we offer through their local fish shops.

Candlelight Cichlid Breeders will consist of eighty 150 gallon livestock watering troughs and forty 40 gallon aquariums; totaling 13,600 gallons of water.  The tanks and troughs will be enclosed by a insulated steel building built on a concrete slab.  Breeding stock will be housed in the 150 gallon troughs, fertilized eggs will be moved from the troughs to the 40 gallon aquariums prior to hatching in most cases.  The location of the business is undetermined.

2.1 Start-up Summary

Our start-up costs include expenses for the building purchase and for expensed equipment.  The start-up costs will be financed by an angel investor, a bank loan and a small owner investment of initial inventory and equipment.  The assumptions are shown in the following table.

Start-up Expenses
Legal $500
Stationery etc. $50
Insurance $500
Expensed equipment $25,000
Other $0
Total Start-up Expenses $26,050
Start-up Assets
Cash Required $40,000
Start-up Inventory $900
Other Current Assets $0
Long-term Assets $35,000
Total Assets $75,900
Total Requirements $101,950
Start-up Funding
Start-up Expenses to Fund $26,050
Start-up Assets to Fund $75,900
Total Funding Required $101,950
Non-cash Assets from Start-up $35,900
Cash Requirements from Start-up $40,000
Additional Cash Raised $0
Cash Balance on Starting Date $40,000
Total Assets $75,900
Liabilities and Capital
Current Borrowing $0
Long-term Liabilities $42,360
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $42,360
Planned Investment
Owner $9,590
Angel Investor $50,000
Additional Investment Requirement $0
Total Planned Investment $59,590
Loss at Start-up (Start-up Expenses) ($26,050)
Total Capital $33,540
Total Capital and Liabilities $75,900
Total Funding $101,950

2.2 Company Ownership

CCB will be a sole proprietorship, owned by Shawn Halsey.