Gentle Touch Creations
Company Summary
Gentle Touch Creations is a provider of herbal products including herbal therapy packs, soaps, Saint-John’s-wort oil, balsam eye packs, salves, moisturizers, herbal bath bags, and bath powder. Gentle Touch Creations sells its product line to herbal product companies that sell baskets with specific herbal themes.
The company will be organized as a Sole Proprietorship.
2.1 Company Ownership
Gentle Touch Creations is owned by Joanne Lovejoy.
2.2 Start-up Summary
The start-up expense for the Gentle Touch Creations is focused primarily on production and extraction equipment. Joanne Lovejoy will invest $50,000. In addition, she will secure a $50,000 SBA loan.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $600 |
| Stationery etc. | $100 |
| Insurance | $300 |
| Rent | $600 |
| Expensed Equipment | $40,000 |
| Total Start-up Expenses | $41,600 |
| Start-up Assets | |
| Cash Required | $33,400 |
| Start-up Inventory | $5,000 |
| Other Current Assets | $5,000 |
| Long-term Assets | $15,000 |
| Total Assets | $58,400 |
| Total Requirements | $100,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | $41,600 |
| Start-up Assets to Fund | $58,400 |
| Total Funding Required | $100,000 |
| Assets | |
| Non-cash Assets from Start-up | $25,000 |
| Cash Requirements from Start-up | $33,400 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $33,400 |
| Total Assets | $58,400 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $50,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $50,000 |
| Capital | |
| Planned Investment | |
| Joanne Lovejoy | $50,000 |
| Other | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $50,000 |
| Loss at Start-up (Start-up Expenses) | ($41,600) |
| Total Capital | $8,400 |
| Total Capital and Liabilities | $58,400 |
| Total Funding | $100,000 |
2.3 Company Locations and Facilities
Gentle Touch Creations is located in a 2,000 square foot manufacturing space in the Sneed Industrial Park in northwest Tracy.
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