Bees' Circus
Company Summary
Bees’ Circus is a children’s play and music program that offers a series of parent/child programs devoted to the physical, emotional and social development of children. The program will operate as a limited partnership. Barbara Miller will manage the daily operation of Bees’ Circus. A silent partner will have accounting oversight responsibilities.
Bees’ Circus is located in the Northtowne Center at 3456 Briggs Road. The program space is 7,000 square feet and includes a music room and a party room. Up to 40 children can play and work in the space at the same time.
2.1 Start-up Summary
The start-up expenses for the Bees’ Circus is focused primarily on equipment, play surfaces, and materials needed for the classes. Barbara Miller and the silent partner will invest equal amounts. In addition, Barbara will secure a long-term loan and use credit card debt to fund the enterprise.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $1,000 |
| Stationery etc. | $200 |
| Brochures | $1,000 |
| Consultants | $3,000 |
| Insurance | $1,000 |
| Rent | $2,000 |
| Expensed Equipment | $60,000 |
| Total Start-up Expenses | $68,200 |
| Start-up Assets | |
| Cash Required | $51,800 |
| Other Current Assets | $0 |
| Long-term Assets | $30,000 |
| Total Assets | $81,800 |
| Total Requirements | $150,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | $68,200 |
| Start-up Assets to Fund | $81,800 |
| Total Funding Required | $150,000 |
| Assets | |
| Non-cash Assets from Start-up | $30,000 |
| Cash Requirements from Start-up | $51,800 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $51,800 |
| Total Assets | $81,800 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $30,000 |
| Long-term Liabilities | $50,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $80,000 |
| Capital | |
| Planned Investment | |
| Barbara Miller | $30,000 |
| Investor 2 | $40,000 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $70,000 |
| Loss at Start-up (Start-up Expenses) | ($68,200) |
| Total Capital | $1,800 |
| Total Capital and Liabilities | $81,800 |
| Total Funding | $150,000 |
2.2 Company Ownership
Bees’ Circus is owned by Barbara Miller and a silent partner.
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