On The Water
Company Summary
On The Water creates and serves a wild atmosphere for dining and eloquent mediterranean feasts for people who love the restaurant and bar scene, as well as a good time spent out on the town. Its customers are creative, fun-seeking, and sophisticated diners who wish to be best served by the restaurant they choose.
2.1 Company Ownership
On The Water is a sole-proprietorship business owned in majority by its founder and president Lily Valdivia. The business employs the owner, one investor and eight employees.
2.2 Start-up Summary
Our start-up expenses come to $61,450 which is mostly expensed equipment, rent, and legal and consulting costs associated with opening our first restaurant. We also require $69,000 of start-up assets, which includes $22,000 cash and $45,000 of long-term assets. The start-up costs are to be financed some by direct owner investment, as well as with the help of a major investor.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $500 |
| Stationery etc. | $750 |
| Menus | $200 |
| Consultants | $1,000 |
| Insurance | $1,000 |
| Rent | $6,000 |
| Expensed equipment | $50,000 |
| Other | $2,000 |
| Total Start-up Expenses | $61,450 |
| Start-up Assets | |
| Cash Required | $22,000 |
| Start-up Inventory | $2,000 |
| Other Current Assets | $0 |
| Long-term Assets | $45,000 |
| Total Assets | $69,000 |
| Total Requirements | $130,450 |
| Start-up Funding | |
| Start-up Expenses to Fund | $61,450 |
| Start-up Assets to Fund | $69,000 |
| Total Funding Required | $130,450 |
| Assets | |
| Non-cash Assets from Start-up | $47,000 |
| Cash Requirements from Start-up | $22,000 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $22,000 |
| Total Assets | $69,000 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $0 |
| Accounts Payable (Outstanding Bills) | $15,450 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $15,450 |
| Capital | |
| Planned Investment | |
| Investor 1 | $85,000 |
| Other | $30,000 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $115,000 |
| Loss at Start-up (Start-up Expenses) | ($61,450) |
| Total Capital | $53,550 |
| Total Capital and Liabilities | $69,000 |
| Total Funding | $130,450 |
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