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Lowland Heights Roadhouse
Company Summary
The Lowland Heights Roadhouse is located in South Central Weststate at the northern end of the Greenhorn Valley and is surrounded by the Ombligo de Dios mountain range on the east and the Lost Pony Hills on the west. The Roadhouse is located on a main thoroughfare Route 173, located approximately 52 miles north of Silver Gulch and 47 miles southwest of Friday Falls.
2.1 Company Ownership
Lowland Heights Roadhouse is a dba of Golden Cholla Enterprises LLC, a Weststate Corporation owned and operated by Tory Britts and assisted by her husband Gisli Njerdginsyn.
2.2 Start-up Summary
Tory Britts (owner) and husband Gisli Njerdginsyn will invest heavily in the business. Golden Cholla Enterprises LLC dba Lowland Heights Roadhouse will be acquired via a Small Business Administration (SBA) loan with Britts supplying a down payment on the property as part of her investment.
| Start-up Funding | |
| Start-up Expenses to Fund | $63,175 |
| Start-up Assets to Fund | $43,033 |
| Total Funding Required | $106,208 |
| Assets | |
| Non-cash Assets from Start-up | $25,033 |
| Cash Requirements from Start-up | $18,000 |
| Additional Cash Raised | $205,582 |
| Cash Balance on Starting Date | $223,582 |
| Total Assets | $248,616 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $232,000 |
| Accounts Payable (Outstanding Bills) | $1,047 |
| Other Current Liabilities (interest-free) | $744 |
| Total Liabilities | $233,791 |
| Capital | |
| Planned Investment | |
| Tory Britts | $78,000 |
| Investor | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $78,000 |
| Loss at Start-up (Start-up Expenses) | ($63,175) |
| Total Capital | $14,825 |
| Total Capital and Liabilities | $248,616 |
| Total Funding | $311,791 |
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $2,300 |
| Stationery etc. | $75 |
| Brochures | $600 |
| Property Downpayment | $58,000 |
| Lodge Setup | $200 |
| Lease until closing of Property | $1,300 |
| Direct – TV | $200 |
| Insurance | $500 |
| Total Start-up Expenses | $63,175 |
| Start-up Assets | |
| Cash Required | $18,000 |
| Start-up Inventory | $0 |
| Other Current Assets | $9,827 |
| Long-term Assets | $15,206 |
| Total Assets | $43,033 |
| Total Requirements | $106,208 |