Bride’s Entourage is a new retail boutique that will be a unique supplement to the existing bridal shops in the greater Portland area. While most bridal shops focus on providing the bride with her wedding gown, the focus of Bride’s Entourage is everything besides the wedding gown. Our core products include mother-of-the-bride and mother-of-the-groom attire, bridesmaids’ attire, flower girl attire, bridal footwear, and bridal accessories, such as veils, headpieces, and jewelry. Our goal is to be the one-stop-shop for items beyond the wedding gown, and to provide a fulfilling shopping experience for our customers.
2.1 Company Ownership
Bride’s Entourage is a privately held company. It is registered in the state of Oregon as a single-member LLC with Dorina Thaker as the owner.
2.2 Start-up Summary
Total start-up cost estimates are shown in the following table and charts. The most significant components of the start up costs are inventory (30%), cash-on-hand (23%), and expensed equipment and leasehold improvements (19%).
The start-up costs will be financed through a combination of owner investment and long-term loans.
|Leasehold Improvements (Expensed)||$10,000|
|Total Start-up Expenses||$36,250|
|Other Current Assets||$1,000|
|Start-up Expenses to Fund||$36,250|
|Start-up Assets to Fund||$59,750|
|Total Funding Required||$96,000|
|Non-cash Assets from Start-up||$37,850|
|Cash Requirements from Start-up||$21,900|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$21,900|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$1,000|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$30,000|
|Loss at Start-up (Start-up Expenses)||($36,250)|
|Total Capital and Liabilities||$59,750|