The Pottery Table

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Pottery Studio Business Plan

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Company Summary

The Pottery Table is a new 44-seat paint-it-yourself pottery studio in Monroe. The business is organized as a limited partnership. Janet Miller will operate the business and the silent partner will perform limited accounting responsibilities.

The Pottery Table is located in the Grand Avenue Shopping Center. The smaller mall has a number of retail stores, coffee shops and restaurants, with a reasonable amount of shared parking.

2.1 Company Ownership

Janet Miller and a silent partner are the owners of The Pottery Table.

2.2 Start-up Summary

The start-up cost of The Pottery Table will consist primarily of firing equipment and studio set up. Janet Miller and a silent partner will invest equally. Janet will also secure a long-term loan.

Start-up
Requirements
Start-up Expenses
Legal $500
Stationery etc. $200
Brochures $200
Insurance $500
Rent $700
Studio Setup $13,000
Total Start-up Expenses $15,100
Start-up Assets
Cash Required $13,900
Start-up Inventory $7,000
Other Current Assets $0
Long-term Assets $44,000
Total Assets $64,900
Total Requirements $80,000
Start-up Funding
Start-up Expenses to Fund $15,100
Start-up Assets to Fund $64,900
Total Funding Required $80,000
Assets
Non-cash Assets from Start-up $51,000
Cash Requirements from Start-up $13,900
Additional Cash Raised $0
Cash Balance on Starting Date $13,900
Total Assets $64,900
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $10,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $10,000
Capital
Planned Investment
Janet Miller $30,000
Silent Partner $40,000
Additional Investment Requirement $0
Total Planned Investment $70,000
Loss at Start-up (Start-up Expenses) ($15,100)
Total Capital $54,900
Total Capital and Liabilities $64,900
Total Funding $80,000