The Pottery Table
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.
|Total Start-up Expenses||$15,100|
|Other Current Assets||$0|
|Start-up Expenses to Fund||$15,100|
|Start-up Assets to Fund||$64,900|
|Total Funding Required||$80,000|
|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|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$70,000|
|Loss at Start-up (Start-up Expenses)||($15,100)|
|Total Capital and Liabilities||$64,900|