It's Scrappy!

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Scrapbooking Store Business Plan

Company Summary

It's Scrappy! is a scrapbook supply store that will stock hundreds of different types of products used for this hobby along with the knowledge of where to obtain those hard-to-find items a customer may want that are not part of our regular stock.

It's Scrappy! will offer weekly classes to our customers to teach them the ongoing techniques used in creating beautiful scrapbook pages to preserve and protect their photographs.

In addition, It's Scrappy! will provide design and implementation of original scrapbook pages.

2.1 Company Ownership

It's Scrappy! is a Sole Proprietorship. The owner is investing $20,000 of their own money to start the business.

2.2 Start-up Summary

The primary start-up costs will be for inventory, shelving and Point-of-Sale equipment as well as initial advertising. The owner will invest $20,000.

The following table shows a breakdown of the expected start-up expenses.

Start-up Funding
Start-up Expenses to Fund $9,000
Start-up Assets to Fund $10,000
Total Funding Required $19,000
Assets
Non-cash Assets from Start-up $9,500
Cash Requirements from Start-up $500
Additional Cash Raised $1,000
Cash Balance on Starting Date $1,500
Total Assets $11,000
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
Owner $20,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $20,000
Loss at Start-up (Start-up Expenses) ($9,000)
Total Capital $11,000
Total Capital and Liabilities $11,000
Total Funding $20,000
Start-up
Requirements
Start-up Expenses
RENT - TWO MONTHS $3,000
SHELVING $2,000
ADVERTISING $1,500
CASH REGISTER/CREDIT CARD TERMINAL $900
LEGAL FEES $300
STAFF TRAINING $1,000
INSURANCE $300
OTHER $0
Total Start-up Expenses $9,000
Start-up Assets
Cash Required $500
Start-up Inventory $7,000
Other Current Assets $0
Long-term Assets $2,500
Total Assets $10,000
Total Requirements $19,000