Rockin’ Roll is a classic bowling alley, karaoke lounge, gaming parlor and restaurant owned by the king of Rockin’ Roll, Pelvis Restley. Rockin’ Roll specializes in legendary bowling and rocking harder than the rest, as well as quality food and extensive collection of video games.
2.1 Company Ownership
Rockin’ Roll is a closely held corporation-owned, incorporated in the state of Washington and operating in King County, whose principal shareholder is Pelvis Restley.
2.2 Start-up Summary
Rockin’ Roll’s start-up costs will include all equipment needed for the bowling alley, the restaurant, inventory and daily bank to cover the total winnings of all pull-tabs.
The bowling alley lanes and restaurant equipment will be the largest chunk of the start-up expenses. These long-term assets include 16 hardwood bowling lanes, 180 pins, 8 electronic scoring terminals, a commercial range and oven, a walk-in refrigerator, video games, pull tab equipment, a sink and dishwasher.
Start-up expenses will also include advertising. The two methods will include television ads and advertisement in the Yellow Pages.
|Total Start-up Expenses||$65,000|
|Other Current Assets||$0|
|Start-up Expenses to Fund||$65,000|
|Start-up Assets to Fund||$134,900|
|Total Funding Required||$199,900|
|Non-cash Assets from Start-up||$84,900|
|Cash Requirements from Start-up||$50,000|
|Additional Cash Raised||$100|
|Cash Balance on Starting Date||$50,100|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$200,000|
|Loss at Start-up (Start-up Expenses)||($65,000)|
|Total Capital and Liabilities||$135,000|