Vineyard Bed & Breakfast Business Plan

START YOUR OWN BUSINESS PLAN

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Company Summary

The Enchanted Vineyard Bed & Breakfast, located in the Lorane Valley, will offer a luxurious, quaint B&B for people to enjoy. The Enchanted Vineyard Bed & Breakfast will have four individual rooms with private baths, a central living room/socializing area, a garden patio, and an adjoining vineyard for its guests.

2.1 Company Ownership

The Enchanted Vineyard Bed & Breakfast is a sole proprietorship of Missy Stewart. The B&B uses John and Missy's home as the Inn.

2.2 Start-up Summary

The Enchanted Vineyard Bed & Breakfast start-up expenses include:

  • Home office equipment including: computer, copier, fax machine, extra telephone line, desk and filing cabinet.
  • Extra computer for the living room with Internet access via a DSL line.
  • Website creation.
  • Advertising/association dues for the local B&B association.
  • Remodeling of the house to add two individual bedrooms with baths, a patio and to enlarge the common areas.

Please note that the cost of the remodeling will be depreciated using the straight line method over a 30-year schedule. Although the Inn will have to finish their research into tax law, it does appear that the Inn will be allowed to depreciate the remodeling as the additions will be used only for business.

Start-up
Requirements
Start-up Expenses
Legal $300
Stationery etc. $300
Brochures $300
Consultants $300
Insurance $600
Rent $0
Research and Development $0
Expensed Equipment $0
Other $0
Total Start-up Expenses $1,800
Start-up Assets
Cash Required $11,200
Start-up Inventory $1,500
Other Current Assets $1,500
Long-term Assets $200,000
Total Assets $214,200
Total Requirements $216,000
Start-up Funding
Start-up Expenses to Fund $1,800
Start-up Assets to Fund $214,200
Total Funding Required $216,000
Assets
Non-cash Assets from Start-up $203,000
Cash Requirements from Start-up $11,200
Additional Cash Raised $0
Cash Balance on Starting Date $11,200
Total Assets $214,200
Liabilities and Capital
Liabilities
Current Borrowing $2,400
Long-term Liabilities $10,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $2,000
Total Liabilities $14,400
Capital
Planned Investment
Investor 1 $201,600
Investor 2 $0
Other $0
Additional Investment Requirement $0
Total Planned Investment $201,600
Loss at Start-up (Start-up Expenses) ($1,800)
Total Capital $199,800
Total Capital and Liabilities $214,200
Total Funding $216,000