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ChemSafe
Company Summary
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.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $1,000 |
| Stationery etc. | $800 |
| Brochures | $2,000 |
| Insurance | $1,000 |
| Rent | $3,000 |
| Expensed Equipment | $140,000 |
| Truck | $20,000 |
| Total Start-up Expenses | $167,800 |
| Start-up Assets | |
| Cash Required | $40,200 |
| Start-up Inventory | $5,000 |
| Other Current Assets | $0 |
| Long-term Assets | $50,000 |
| Total Assets | $95,200 |
| Total Requirements | $263,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | $167,800 |
| Start-up Assets to Fund | $95,200 |
| Total Funding Required | $263,000 |
| Assets | |
| 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 |
| Total Assets | $95,200 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $100,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $100,000 |
| Capital | |
| Planned Investment | |
| Charles Marshall | $81,500 |
| Silent Partner | $81,500 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $163,000 |
| Loss at Start-up (Start-up Expenses) | ($167,800) |
| Total Capital | ($4,800) |
| Total Capital and Liabilities | $95,200 |
| Total Funding | $263,000 |