Trestle Creek Cabinets
Company Summary
Trestle Creek Cabinets is a new company that will provide expertise and quality in the cabinet supplier market while meeting the demanding organizational, scheduling, and quality needs of architects, owners, and construction professionals.
2.1 Start-up Summary
Total start-up expenses, including tools, software, stationery, and related expensesare shown below. Two co-owners, Martin Kribs and Brent Palmer, will provide the bulk of the start-up financing. At the same time, the company plans to receive a 3-year commercial loan facility, which will help meet the cash flow requirements.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Business Cards | $100 |
| Drill Press | $1,916 |
| Cabinet Jacks | $713 |
| Kitchen Builder Software | $2,495 |
| Lateral File | $236 |
| Sign | $1,154 |
| Seat Cushions | $338 |
| Phone Transfer | $64 |
| First/Last/ Deposit | $2,400 |
| Marketing | $4,430 |
| Level Package | $1,005 |
| Sure Trak Software | $499 |
| Estimating Data Base | $2,200 |
| Software Lease Buyout | $7,092 |
| Total Start-up Expenses | $24,642 |
| Start-up Assets | |
| Cash Required | $89,299 |
| Other Current Assets | $14,478 |
| Long-term Assets | $0 |
| Total Assets | $103,777 |
| Total Requirements | $128,419 |
| Start-up Funding | |
| Start-up Expenses to Fund | $24,642 |
| Start-up Assets to Fund | $103,777 |
| Total Funding Required | $128,419 |
| Assets | |
| Non-cash Assets from Start-up | $14,478 |
| Cash Requirements from Start-up | $89,299 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $89,299 |
| Total Assets | $103,777 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $40,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $40,000 |
| Capital | |
| Planned Investment | |
| Martin Kribs | $75,265 |
| Brent Palmer | $13,154 |
| Other | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $88,419 |
| Loss at Start-up (Start-up Expenses) | ($24,642) |
| Total Capital | $63,777 |
| Total Capital and Liabilities | $103,777 |
| Total Funding | $128,419 |
By 
