On The Water
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.
|Total Start-up Expenses||$61,450|
|Other Current Assets||$0|
|Start-up Expenses to Fund||$61,450|
|Start-up Assets to Fund||$69,000|
|Total Funding Required||$130,450|
|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|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$15,450|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$115,000|
|Loss at Start-up (Start-up Expenses)||($61,450)|
|Total Capital and Liabilities||$69,000|