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ChemSafe makes an innovative line of biodegradable, environmentally safe, citrus cleaners.
2.1 Company Ownership
ChemSafe is owned by Charles Marshall. Charles has ten years of janitorial experience and seven years of experience in manufacturing cleaners.
2.2 Start-up Summary
The start-up cost of ChemSafe will consist primarily of equipment and inventory. Charles Marshall will invest $81,500. A silent partner will also invest $81,500. Charles will also secure a $100,000 loan.
|Total Start-up Expenses||$167,800|
|Other Current Assets||$0|
|Start-up Expenses to Fund||$167,800|
|Start-up Assets to Fund||$95,200|
|Total Funding Required||$263,000|
|Non-cash Assets from Start-up||$55,000|
|Cash Requirements from Start-up||$40,200|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$40,200|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$163,000|
|Loss at Start-up (Start-up Expenses)||($167,800)|
|Total Capital and Liabilities||$95,200|