Sandwich Restaurant Business Plan

Pita Pal

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Company Summary

Pita Pal is a recently formed PA based L.L.C. formed by Steve Jones. The company is wholly owned by Steve. The business will be based in downtown Washington and will serve the lunch and early evening crowd.

2.1 Start-up Summary

As a start-up organization, Pita Pal will require a decent amount of equipment to begin operations. The following is a somewhat complete list of the needed equipment:

  • Cash register;
  • Computer system, including printer, CD-RW, Internet connection;
  • Convection oven;
  • Refrigeration unit;
  • Blender/food processor;
  • Assorted knives, cutting boards, serving dishes, silverware, food containers;
  • Shelving units;
  • Tables, chairs, table clothes and other table accessories;
  • Lighting units;
  • Espresso machine and coffee maker (these items are subsidized by the coffee vendor who sells the coffee/espresso beans).
Start-up Funding
Start-up Expenses to Fund $5,500
Start-up Assets to Fund $59,500
Total Funding Required $65,000
Assets
Non-cash Assets from Start-up $25,000
Cash Requirements from Start-up $34,500
Additional Cash Raised $0
Cash Balance on Starting Date $34,500
Total Assets $59,500
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $0
Capital
Planned Investment
Entrepreneurship Program Loan $40,000
Investor 2 $25,000
Additional Investment Requirement $0
Total Planned Investment $65,000
Loss at Start-up (Start-up Expenses) ($5,500)
Total Capital $59,500
Total Capital and Liabilities $59,500
Total Funding $65,000
Start-up
Requirements
Start-up Expenses
Legal $3,000
Stationery etc. $300
Brochures $500
Consultants $1,000
Rent $700
Total Start-up Expenses $5,500
Start-up Assets
Cash Required $34,500
Other Current Assets $0
Long-term Assets $25,000
Total Assets $59,500
Total Requirements $65,000

2.2 Company Ownership

Pita Pal has been formed as a limited liability company in Pennsylvania. The L.L.C. business formation has been chosen as a way of protecting the owner from personal liability while avoiding double taxation associated with a traditional corporation.

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Start-up Funding
Start-up Expenses to Fund $5,500
Start-up Assets to Fund $59,500
Total Funding Required $65,000
Assets
Non-cash Assets from Start-up $25,000
Cash Requirements from Start-up $34,500
Additional Cash Raised $0
Cash Balance on Starting Date $34,500
Total Assets $59,500
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $0
Capital
Planned Investment
Entrepreneurship Program Loan $40,000
Investor 2 $25,000
Additional Investment Requirement $0
Total Planned Investment $65,000
Loss at Start-up (Start-up Expenses) ($5,500)
Total Capital $59,500
Total Capital and Liabilities $59,500
Total Funding $65,000
Start-up
Requirements
Start-up Expenses
Legal $3,000
Stationery etc. $300
Brochures $500
Consultants $1,000
Rent $700
Total Start-up Expenses $5,500
Start-up Assets
Cash Required $34,500
Other Current Assets $0
Long-term Assets $25,000
Total Assets $59,500
Total Requirements $65,000