Last Frontier Market
Company Summary
Last Frontier Market is a vegetarian health food store located in the heart of the Willow Creek section of Richmond. The community of 25,000 residents is made up of students attending the State University and families attracted to the new home construction in the area.
Co-owners, Josh Wingard and Mary Stevens, are opening the Last Frontier Market to capitalize on the growing demand in the community for a local food store that offers organic and locally grown produce, chemical and preservative free groceries, cruelty-free body care and eco-household products.
2.1 Company Ownership
Last Frontier Market is owned by Josh Wingard and Mary Stevens.
2.2 Start-up Summary
The start-up cost of the Last Frontier Market will consist primarily of inventory and display equipment. Josh Wingard and Mary Stevens will invest $80,000. They will also secure a $50,000 SBA loan.
| Start-up Funding | |
| Start-up Expenses to Fund | $77,800 |
| Start-up Assets to Fund | $52,200 |
| Total Funding Required | $130,000 |
| Assets | |
| Non-cash Assets from Start-up | $10,000 |
| Cash Requirements from Start-up | $42,200 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $42,200 |
| Total Assets | $52,200 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $50,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $50,000 |
| Capital | |
| Planned Investment | |
| Josh Wingard and Mary Stevens | $80,000 |
| Other | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $80,000 |
| Loss at Start-up (Start-up Expenses) | ($77,800) |
| Total Capital | $2,200 |
| Total Capital and Liabilities | $52,200 |
| Total Funding | $130,000 |
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $1,000 |
| Insurance | $0 |
| Rent | $1,800 |
| Start-Up Inventory | $40,000 |
| Display Set-Up | $5,000 |
| Cash Reserve for Hiring | $30,000 |
| Advertising | $0 |
| Other | $0 |
| Total Start-up Expenses | $77,800 |
| Start-up Assets | |
| Cash Required | $42,200 |
| Other Current Assets | $0 |
| Long-term Assets | $10,000 |
| Total Assets | $52,200 |
| Total Requirements | $130,000 |
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