Sigmund's Gourmet Pasta
Company Summary
Sigmund’s Gourmet Pasta is a gourmet pasta restaurant started in Eugene, OR. Sigmund’s serves individuals, families, and take-away customers with fresh, creative, attractive pasta dishes, salads and desserts. Sigmund’s uses homemade pasta, fresh vegetables, and premium meats and cheeses.
The Eugene store in the Valley River Shopping Center will be the concept store on which all future stores will be based.
2.1 Company Ownership
Sigmund’s is a privately held Oregon Corporation. The majority stock holder is Kevin Lewis.
2.2 Start-up Summary
Sigmund’s will incur the following start-up costs:
- Pasta machines.
- Commercial stove.
- Commercial refrigerators and freezers.
- Commercial dishwasher.
- Cabinets with cutting board surfaces.
- Chairs and tables.
- Beverage dispenser.
- Dishware and flatware.
- Assorted knives, mixing bowls, and other accessories needed in the production of food.
- Point-of-Sale terminal.
- Computer with Internet connection, CD-RW, and printer.
Please note that the following items which are considered assets to be used for more than a year will labeled long-term assets and will be depreciated using G.A.A.P. approved straight-line depreciation method.
| Start-up Funding | |
| Start-up Expenses to Fund | $2,100 |
| Start-up Assets to Fund | $162,900 |
| Total Funding Required | $165,000 |
| Assets | |
| Non-cash Assets from Start-up | $75,000 |
| Cash Requirements from Start-up | $87,900 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $87,900 |
| Total Assets | $162,900 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $80,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $80,000 |
| Capital | |
| Planned Investment | |
| Kevin Lewis | $85,000 |
| Other | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $85,000 |
| Loss at Start-up (Start-up Expenses) | ($2,100) |
| Total Capital | $82,900 |
| Total Capital and Liabilities | $162,900 |
| Total Funding | $165,000 |
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $1,000 |
| Stationery etc. | $100 |
| Menus | $1,000 |
| Insurance | $0 |
| Rent | $0 |
| Research and Development | $0 |
| Expensed Equipment | $0 |
| Other | $0 |
| Total Start-up Expenses | $2,100 |
| Start-up Assets | |
| Cash Required | $87,900 |
| Other Current Assets | $0 |
| Long-term Assets | $75,000 |
| Total Assets | $162,900 |
| Total Requirements | $165,000 |
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