The Pottery Table
Company Summary
The Pottery Table is a new 44-seat paint-it-yourself pottery studio in Monroe. The business is organized as a limited partnership. Janet Miller will operate the business and the silent partner will perform limited accounting responsibilities.
The Pottery Table is located in the Grand Avenue Shopping Center. The smaller mall has a number of retail stores, coffee shops and restaurants, with a reasonable amount of shared parking.
2.1 Company Ownership
Janet Miller and a silent partner are the owners of The Pottery Table.
2.2 Start-up Summary
The start-up cost of The Pottery Table will consist primarily of firing equipment and studio set up. Janet Miller and a silent partner will invest equally. Janet will also secure a long-term loan.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $500 |
| Stationery etc. | $200 |
| Brochures | $200 |
| Insurance | $500 |
| Rent | $700 |
| Studio Setup | $13,000 |
| Total Start-up Expenses | $15,100 |
| Start-up Assets | |
| Cash Required | $13,900 |
| Start-up Inventory | $7,000 |
| Other Current Assets | $0 |
| Long-term Assets | $44,000 |
| Total Assets | $64,900 |
| Total Requirements | $80,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | $15,100 |
| Start-up Assets to Fund | $64,900 |
| Total Funding Required | $80,000 |
| Assets | |
| Non-cash Assets from Start-up | $51,000 |
| Cash Requirements from Start-up | $13,900 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $13,900 |
| Total Assets | $64,900 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $10,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $10,000 |
| Capital | |
| Planned Investment | |
| Janet Miller | $30,000 |
| Silent Partner | $40,000 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $70,000 |
| Loss at Start-up (Start-up Expenses) | ($15,100) |
| Total Capital | $54,900 |
| Total Capital and Liabilities | $64,900 |
| Total Funding | $80,000 |
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