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McKenzie Tackle and Bait Shop

Company Summary

McKenzie Tackle and Bait Shop will offer a convenient one-stop resource for all fishing products to travelers heading into the McKenzie National Parks System. The shop will be open April to November.

2.1 Company Ownership

McKenzie Tackle and Bait Shop is a sole proprietorship owned by Brad West.

2.2 Start-up Summary

Estimated start-up costs and expenses are set forth below. The start-up costs are to be financed by Brad West’s personal investment.

Fishing shop business plan, company summary chart image

Start-up Funding
Start-up Expenses to Fund $12,300
Start-up Assets to Fund $12,700
Total Funding Required $25,000
Non-cash Assets from Start-up $0
Cash Requirements from Start-up $12,700
Additional Cash Raised $0
Cash Balance on Starting Date $12,700
Total Assets $12,700
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
Brad West $25,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $25,000
Loss at Start-up (Start-up Expenses) ($12,300)
Total Capital $12,700
Total Capital and Liabilities $12,700
Total Funding $25,000
Start-up Expenses
Legal $500
Insurance $0
Rent $800
Inventory $7,000
Display Equipment $2,000
Store Sign $2,000
Other $0
Total Start-up Expenses $12,300
Start-up Assets
Cash Required $12,700
Start-up Inventory $0
Other Current Assets $0
Long-term Assets $0
Total Assets $12,700
Total Requirements $25,000