Lowland Heights Roadhouse

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Company Summary

The Lowland Heights Roadhouse is located in South Central Weststate at the northern end of the Greenhorn Valley and is surrounded by the Ombligo de Dios mountain range on the east and the Lost Pony Hills on the west. The Roadhouse is located on a main thoroughfare Route 173, located approximately 52 miles north of Silver Gulch and 47 miles southwest of Friday Falls. 

2.1 Company Ownership

Lowland Heights Roadhouse is a dba of Golden Cholla Enterprises LLC, a Weststate Corporation owned and operated by Tory Britts and assisted by her husband Gisli Njerdginsyn.

2.2 Start-up Summary

Tory Britts (owner) and husband Gisli Njerdginsyn will invest heavily in the business. Golden Cholla Enterprises LLC dba Lowland Heights Roadhouse will be acquired via a Small Business Administration (SBA) loan with Britts supplying a down payment on the property as part of her investment. 

Start-up Funding
Start-up Expenses to Fund $63,175
Start-up Assets to Fund $43,033
Total Funding Required $106,208
Assets
Non-cash Assets from Start-up $25,033
Cash Requirements from Start-up $18,000
Additional Cash Raised $205,582
Cash Balance on Starting Date $223,582
Total Assets $248,616
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $232,000
Accounts Payable (Outstanding Bills) $1,047
Other Current Liabilities (interest-free) $744
Total Liabilities $233,791
Capital
Planned Investment
Tory Britts $78,000
Investor $0
Additional Investment Requirement $0
Total Planned Investment $78,000
Loss at Start-up (Start-up Expenses) ($63,175)
Total Capital $14,825
Total Capital and Liabilities $248,616
Total Funding $311,791
Start-up
Requirements
Start-up Expenses
Legal $2,300
Stationery etc. $75
Brochures $600
Property Downpayment $58,000
Lodge Setup $200
Lease until closing of Property $1,300
Direct - TV $200
Insurance $500
Total Start-up Expenses $63,175
Start-up Assets
Cash Required $18,000
Start-up Inventory $0
Other Current Assets $9,827
Long-term Assets $15,206
Total Assets $43,033
Total Requirements $106,208