Recycled Dreams is a bridal wear store that provides dresses for rent for the Portland, Oregon market. Most people agree that bridesmaids dresses are unattractive and are not usually worn again. Recycled Dreams will offer bridal gowns (for sale and for rent) and bridesmaid, matron and maid of honor, and flower girl dresses, as well as shoes for rental for the special event.
2.1 Start-up Summary
Recycled Dreams will incur the following start-up costs:
- Computer with a point of sale terminal.
- Back office terminal including printer, CD-RW.
- Microsoft Office, QuickBooks Pro, POS software.
- Display racks and shelving.
- Three couches.
- Desk, chair and filing cabinets.
- Materials to construct a plush series of changing rooms.
- Full-length mirrors.
- Website development.
- Inventory of dresses, shoes, head pieces and veils.
Please note that the following items which are considered assets to be used for more than a year will labeled long-term assets and will be depreciated using G.A.A.P. approved straight-line depreciation method.
|Total Start-up Expenses||$700|
|Other Current Assets||$0|
|Start-up Expenses to Fund||$700|
|Start-up Assets to Fund||$49,300|
|Total Funding Required||$50,000|
|Non-cash Assets from Start-up||$18,000|
|Cash Requirements from Start-up||$31,300|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$31,300|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$30,000|
|Loss at Start-up (Start-up Expenses)||($700)|
|Total Capital and Liabilities||$49,300|
2.2 Company Ownership
Recycled Dreams is a sole proprietorship owned by Connie Jugal.