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Candlelight Cichlid Breeders
Company Summary
Candlelight Cichlid Breeders will be a privately-owned tropical fish breeding business. We will offer rare cichlid species to customers throughout the country. Our customers do not have access to the species we offer through their local fish shops.
Candlelight Cichlid Breeders will consist of eighty 150 gallon livestock watering troughs and forty 40 gallon aquariums; totaling 13,600 gallons of water. The tanks and troughs will be enclosed by a insulated steel building built on a concrete slab. Breeding stock will be housed in the 150 gallon troughs, fertilized eggs will be moved from the troughs to the 40 gallon aquariums prior to hatching in most cases. The location of the business is undetermined.
2.1 Start-up Summary
Our start-up costs include expenses for the building purchase and for expensed equipment. The start-up costs will be financed by an angel investor, a bank loan and a small owner investment of initial inventory and equipment. The assumptions are shown in the following table.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $500 |
| Stationery etc. | $50 |
| Insurance | $500 |
| Expensed equipment | $25,000 |
| Other | $0 |
| Total Start-up Expenses | $26,050 |
| Start-up Assets | |
| Cash Required | $40,000 |
| Start-up Inventory | $900 |
| Other Current Assets | $0 |
| Long-term Assets | $35,000 |
| Total Assets | $75,900 |
| Total Requirements | $101,950 |
| Start-up Funding | |
| Start-up Expenses to Fund | $26,050 |
| Start-up Assets to Fund | $75,900 |
| Total Funding Required | $101,950 |
| Assets | |
| Non-cash Assets from Start-up | $35,900 |
| Cash Requirements from Start-up | $40,000 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $40,000 |
| Total Assets | $75,900 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $42,360 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $42,360 |
| Capital | |
| Planned Investment | |
| Owner | $9,590 |
| Angel Investor | $50,000 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $59,590 |
| Loss at Start-up (Start-up Expenses) | ($26,050) |
| Total Capital | $33,540 |
| Total Capital and Liabilities | $75,900 |
| Total Funding | $101,950 |
2.2 Company Ownership
CCB will be a sole proprietorship, owned by Shawn Halsey.