The Bronx Deli and Bakery
The Bronx Deli and Bakery is located in the heart of the Willow Creek section of Richmond. The owner, Barry Cohn, is opening the Bronx Deli and Bakery in response to the limited number of eating places located in the Willow Creek area. The bakery will offer New York City deli bakery items and sandwiches. We will focus on bringing in the customer who visits the arts and crafts stores and is looking for a warm and comfortable place to relax and enjoy excellent food.
2.1 Company Ownership
The Bronx Deli and Bakery is owned by Barry Cohn.
2.2 Start-up Summary
The start-up cost of the Bronx Deli and Bakery will consist primarily of kitchen equipment and dining set-up. Barry Cohn will invest $80,000. He will also secure a $50,000 SBA loan.
|Total Start-up Expenses||$11,800|
|Other Current Assets||$0|
|Start-up Expenses to Fund||$11,800|
|Start-up Assets to Fund||$118,200|
|Total Funding Required||$130,000|
|Non-cash Assets from Start-up||$55,000|
|Cash Requirements from Start-up||$63,200|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$63,200|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$80,000|
|Loss at Start-up (Start-up Expenses)||($11,800)|
|Total Capital and Liabilities||$118,200|