Morningstar Bakery
Company Summary
Morningstar Bakery will be located in downtown [Name omitted] in a historical building. This downtown district is a very popular destination because of the historical architecture for weekenders and tourists. It is also a prime location for all the employees of the surrounding downtown businesses. The bakery sells non-wheat and other health specific breads, sweets and pastries to the surrounding community every Tuesday through Sunday.
2.1 Company Ownership
Currently Morningstar Bakery is a sole proprietorship owned by Donna Sharp. Eventually, as the company becomes established, Morningstar Bakery will apply to be incorporated.
2.2 Start-up Summary
The primary expense to establish the Morningstar Bakery is the mortgage loan estimated at $175,000 to purchase the vacant space on [Name omitted] street. The building was previously used as a bakery and we plan to buy the used equipment along with the space. This cost is also calculated into the loan estimate. Donna Sharp intends to invest $7,500 of her savings to cover the other cost of start-up.
These costs include:
- Advertising brochures.
- Bakery ingredients.
- Insurance.
- Bakery accessories, i.e. paper bags, cartons, etc.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $0 |
| Stationery etc. | $0 |
| Brochures | $2,500 |
| Consultants | $0 |
| Insurance | $150 |
| Mortgage | $1,258 |
| Research and development | $0 |
| Bakery Ingredients | $500 |
| Other | $1,000 |
| Total Start-up Expenses | $5,408 |
| Start-up Assets | |
| Cash Required | $12,092 |
| Other Current Assets | $0 |
| Long-term Assets | $175,000 |
| Total Assets | $187,092 |
| Total Requirements | $192,500 |
| Start-up Funding | |
| Start-up Expenses to Fund | $5,408 |
| Start-up Assets to Fund | $187,092 |
| Total Funding Required | $192,500 |
| Assets | |
| Non-cash Assets from Start-up | $175,000 |
| Cash Requirements from Start-up | $12,092 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $12,092 |
| Total Assets | $187,092 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $173,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $12,000 |
| Total Liabilities | $185,000 |
| Capital | |
| Planned Investment | |
| Untitled | $0 |
| Donna Sharp | $7,500 |
| Other | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $7,500 |
| Loss at Start-up (Start-up Expenses) | ($5,408) |
| Total Capital | $2,092 |
| Total Capital and Liabilities | $187,092 |
| Total Funding | $192,500 |
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