Laser Dreams
Company Summary
Laser Dreams specializes in laser hair removal, electrolysis and microdermabrasion. We are a professional facility, providing state-of-the-art technology and superior quality service. We provide F.D.A approved, gentle and effective hair removal at a fraction of the cost and time of other permanent hair removal methods. The program will operate as a general partnership. Both Joe Jackson and Allison Fremont will manage the daily operation of Laser Dreams.
2.1 Company Ownership
Laser Dreams is co-owned by Joe Jackson and Allison Fremont.
2.2 Start-up Summary
The start-up expenses for the Laser Dreams is focused primarily on equipment and treatment rooms. Joe and Allison will each invest $30,000. In addition, the facility will secure a $100,000 long-term loan.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $1,000 |
| Stationery etc. | $100 |
| Brochures | $3,000 |
| Insurance | $1,000 |
| Rent | $3,000 |
| Expensed Equipment | $60,000 |
| Total Start-up Expenses | $68,100 |
| Start-up Assets | |
| Cash Required | $41,900 |
| Other Current Assets | $20,000 |
| Long-term Assets | $30,000 |
| Total Assets | $91,900 |
| Total Requirements | $160,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | $68,100 |
| Start-up Assets to Fund | $91,900 |
| Total Funding Required | $160,000 |
| Assets | |
| Non-cash Assets from Start-up | $50,000 |
| Cash Requirements from Start-up | $41,900 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $41,900 |
| Total Assets | $91,900 |
| 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 | |
| Investor 1 | $30,000 |
| Investor 2 | $30,000 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $60,000 |
| Loss at Start-up (Start-up Expenses) | ($68,100) |
| Total Capital | ($8,100) |
| Total Capital and Liabilities | $91,900 |
| Total Funding | $160,000 |
2.3 Company Locations and Facilities
Laser Dreams is located in downtown Monroe, in the Millman Building. The facility is quickly accessible to over 6,000 urban professionals that Laser Dreams considers potential customers.
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