Ethnic Food Import Business Plan

Aztec Food Imports

Company Summary

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.

Ethnic food import business plan, company summary chart image

Start-up Funding

Start-up Expenses to Fund	$15,300
Start-up Assets to Fund	$184,700
Total Funding Required	$200,000

Assets
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
Total Assets	$184,700


Liabilities and Capital

Liabilities
Current Borrowing	$0
Long-term Liabilities	$100,000
Accounts Payable (Outstanding Bills)	$0
Other Current Liabilities (interest-free)	$0
Total Liabilities	$100,000

Capital

Planned Investment
Raymond Garcia	$50,000
IJose Arroya	$50,000
Other	$0
Additional Investment Requirement	$0
Total Planned Investment	$100,000

Loss at Start-up (Start-up Expenses)	($15,300)
Total Capital	$84,700


Total Capital and Liabilities	$184,700

Total Funding	$200,000

Start-up

Requirements

Start-up Expenses
Legal	$5,000
Stationery etc.	$800
Brochures	$2,000
Consultants	$0
Insurance	$0
Rent	$3,000
Expensed Equipment	$4,000
Utilities	$500
Other	$0
Total Start-up Expenses	$15,300

Start-up Assets
Cash Required	$104,700
Start-up Inventory	$60,000
Other Current Assets	$0
Long-term Assets	$20,000
Total Assets	$184,700

Total Requirements	$200,000

2.3 Company Locations and Facilities

Aztec Food Imports will have warehouse space located in the Fillmore industrial district.