Aztec Food Imports
Aztec Food Imports will import Mexican food products to the local markets of the Richmond Metro area.
2.1 Company Ownership
Aztec’s ownership is shared equally between Raymond Garcia and Jose Arroyo. Raymond has eight years of importing experience. Jose Arroya has 10 years experience in managing imports from Mexico and shipping to the U.S. market. Raymond Garcia is responsible for the daily management, sales, and store deliveries. Jose Arroya is responsible for the quality control and shipping of the goods from Mexico to the U.S.
2.2 Start-up Summary
The start-up cost of Aztec Food Imports will consist primarily of inventory. Raymond Garcia and Jose Arroya will each invest $50,000. They will also secure a $100,000 SBA loan.
|Start-up Expenses to Fund||$15,300|
|Start-up Assets to Fund||$184,700|
|Total Funding Required||$200,000|
|Non-cash Assets from Start-up||$80,000|
|Cash Requirements from Start-up||$104,700|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$104,700|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$100,000|
|Loss at Start-up (Start-up Expenses)||($15,300)|
|Total Capital and Liabilities||$184,700|
|Total Start-up Expenses||$15,300|
|Other Current Assets||$0|
2.3 Company Locations and Facilities
Aztec Food Imports will have warehouse space located in the Fillmore industrial district.