Fat Cat Creations
Company Summary
Fat Cat Creations will offer customers a series of happy hanging Fat Cat ceramics that will come in assorted colors. Each Fat Cat piece will be unique and signed by the owner of Fat Cat Creations, Mary Baker. These ceramics will be sell in galleries and at festivals throughout the West, as well as on the Fat Cat Creations website.
2.1 Company Ownership
Mary Baker is the owner of Fat Cat Creations.
2.2 Start-up Summary
Fat Cat Creations’ start-up costs consists mostly of raku firing equipment, transport containers and website development. There will be two equity owners in the business–Mary Baker will invest $20,000 and her brother will invest $10,000 as a silent partner in the business. In addition, she will secure a $60,000 SBA loan.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $1,000 |
| Stationery etc. | $300 |
| Brochures | $1,000 |
| Website | $10,000 |
| Insurance | $500 |
| Transport Containers | $5,000 |
| Ceramic Equipment | $15,000 |
| Total Start-up Expenses | $32,800 |
| Start-up Assets | |
| Cash Required | $30,200 |
| Start-up Inventory | $0 |
| Other Current Assets | $12,000 |
| Long-term Assets | $15,000 |
| Total Assets | $57,200 |
| Total Requirements | $90,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | $32,800 |
| Start-up Assets to Fund | $57,200 |
| Total Funding Required | $90,000 |
| Assets | |
| Non-cash Assets from Start-up | $27,000 |
| Cash Requirements from Start-up | $30,200 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $30,200 |
| Total Assets | $57,200 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $60,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $60,000 |
| Capital | |
| Planned Investment | |
| Mary Baker | $20,000 |
| Joshua Baker | $10,000 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $30,000 |
| Loss at Start-up (Start-up Expenses) | ($32,800) |
| Total Capital | ($2,800) |
| Total Capital and Liabilities | $57,200 |
| Total Funding | $90,000 |
2.3 Company Locations and Facilities
Fat Cat Creations will be located in Mary Baker’s home.
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