Silver Bear Lodge
Company Summary
The Silver Bear Lodge, located in the recently opened Crest Canyon area, has 12 two-bedroom units with underground parking, fully-equipped kitchens, laundry facilities and stone fireplaces. Silver Bear Lodge also has a common-area outdoor hot tub as well as an on-site store and on-site front desk service.
2.1 Company Ownership
Marty Snyderman and Luke Roth are co-owners of the Silver Bear Lodge.
2.2 Start-up Summary
Marty Snyderman and Luke Roth will each invest $100,000. They will also secure a mortgage to purchase the property for $250,000 and an SBA loan for $100,000.
| Start-up Funding | |
| Start-up Expenses to Fund | $185,400 |
| Start-up Assets to Fund | $364,600 |
| Total Funding Required | $550,000 |
| Assets | |
| Non-cash Assets from Start-up | $350,000 |
| Cash Requirements from Start-up | $14,600 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $14,600 |
| Total Assets | $364,600 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $350,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $350,000 |
| Capital | |
| Planned Investment | |
| Marty Snyderman | $100,000 |
| Luke Roth | $100,000 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $200,000 |
| Loss at Start-up (Start-up Expenses) | ($185,400) |
| Total Capital | $14,600 |
| Total Capital and Liabilities | $364,600 |
| Total Funding | $550,000 |
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $5,000 |
| Stationery etc. | $400 |
| Brochures | $6,000 |
| Rental Shop Setup | $50,000 |
| Property Downpayment | $50,000 |
| Lodge Setup | $20,000 |
| Store Setup | $50,000 |
| Insurance | $4,000 |
| Total Start-up Expenses | $185,400 |
| Start-up Assets | |
| Cash Required | $14,600 |
| Other Current Assets | $0 |
| Long-term Assets | $350,000 |
| Total Assets | $364,600 |
| Total Requirements | $550,000 |
2.3 Company Locations and Facilities
The charm and solitude of Bear Valley’s secluded mountain setting is found just 36 miles from the Richmond International Airport.
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