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Gaian Adventure Fabric and Notions

Company Summary

Gaian Adventure Fabrics will be a small company, starting out with a retail location and a virtual store online.

2.1 Company Ownership

Gaian Adventure Fabric and Notions is a sole proprietorship owned by Martha Thimble.

2.1.1 Start-up Summary

Gaian Adventure Fabric and Notions will incur the following start-up costs:

  • Computer system with printer, CD-RW, Microsoft Office, QuickBook Pro, and scanner.
  • Phone line with DSL Internet connection.
  • Desk, chair, and file cabinet.
  • Rack to hold bolts of fabric.
  • Shelving to organize all of the notions.
  • Large table for cutting fabric.
  • Hand rotary fabric cutter, electric rotary fabric cutter, cutting boards.
  • Inventory.

Please note that the following items which are considered assets to be used for more than a year will labeled long-term assets and will be depreciated using G.A.A.P. approved straight-line depreciation method.

Ecommerce fabric store business plan, company summary chart image

Start-up Expenses
Legal $500
Stationery etc. $100
Inventory $10,000
Web site development $3,000
Total Start-up Expenses $13,600
Start-up Assets
Cash Required $20,900
Start-up Inventory $0
Other Current Assets $0
Long-term Assets $3,500
Total Assets $24,400
Total Requirements $38,000
Start-up Funding
Start-up Expenses to Fund $13,600
Start-up Assets to Fund $24,400
Total Funding Required $38,000
Non-cash Assets from Start-up $3,500
Cash Requirements from Start-up $20,900
Additional Cash Raised $0
Cash Balance on Starting Date $20,900
Total Assets $24,400
Liabilities and Capital
Current Borrowing $0
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $0
Planned Investment
Martha $38,000
Investor 2 $0
Other $0
Additional Investment Requirement $0
Total Planned Investment $38,000
Loss at Start-up (Start-up Expenses) ($13,600)
Total Capital $24,400
Total Capital and Liabilities $24,400
Total Funding $38,000