Cranium Filament Reductions, soon to be located in Shaker Hts., OH, will offer reasonably priced, convenient hair styling. Cranium Filament Reductions will accept walk-ins as well as appointments for the entire family. Cranium Filament Reductions will grow its market share based on superior customer attention. Cranium Filament Reductions is a family hair salon, also known as a "quick hair salon."
2.1 Company Ownership
Cranium Filament Reductions is an Oregon corporation owned entirely by Susan Sever.
2.2 Start-up Summary
Cranium Filament Reductions will incur the following start-up costs:
- Computer with point of sale terminal.
- Computer with printer for back office.
- Five cutting stations, each station requires a barber chair, cabinet, large mirror, blow dryer, curling iron, electric razor, several pairs of scissors, spray bottle, two sided mirror, and assorted combs and brushes.
- Desk for reception area.
- Three couches for the reception area.
- Display shelf for sale of retail products.
- Assorted plants.
- Assorted toys for the children.
- Legal fees for business formation and generation/review of contracts.
Please note that the following items that are assets to be used for more than a year will be considered a long-term assets and will be depreciated using the straight-line method accepted by G.A.A.P.
| Start-up Funding |
| Start-up Expenses to Fund |
$1,100 |
| Start-up Assets to Fund |
$103,900 |
| Total Funding Required |
$105,000 |
|
|
| Non-cash Assets from Start-up |
$7,320 |
| Cash Requirements from Start-up |
$96,580 |
| Additional Cash Raised |
$0 |
| Cash Balance on Starting Date |
$96,580 |
| Total Assets |
$103,900 |
|
|
|
|
|
|
| Liabilities |
|
| Current Borrowing |
$0 |
| Long-term Liabilities |
$45,000 |
| Accounts Payable (Outstanding Bills) |
$0 |
| Other Current Liabilities (interest-free) |
$0 |
| Total Liabilities |
$45,000 |
|
|
| Capital |
|
|
|
| Planned Investment |
|
| Susan |
$60,000 |
| Investor 2 |
$0 |
| Other |
$0 |
| Additional Investment Requirement |
$0 |
| Total Planned Investment |
$60,000 |
|
|
| Loss at Start-up (Start-up Expenses) |
($1,100) |
| Total Capital |
$58,900 |
|
|
|
|
| Total Capital and Liabilities |
$103,900 |
|
|
| Total Funding |
$105,000 |
| Start-up |
|
|
| Legal |
$1,000 |
| Stationery etc. |
$100 |
| Other |
$0 |
| Total Start-up Expenses |
$1,100 |
|
|
| Cash Required |
$96,580 |
| Other Current Assets |
$0 |
| Long-term Assets |
$7,320 |
| Total Assets |
$103,900 |
|
|
| Total Requirements |
$105,000 |