Chicano Stylez is a contemporary retail clothing outlet designed to attract the Chicano/Hispanic population. In addition, CS will provide styles to the population of Eugene who wishes to dress and accessorize in the latest, hip fashions.
The store will remain involved with the community through our outreach program, to be described in later sections. We encourage diversity, and do not wish to only target the Hispanic market; we want ALL of Eugene to come to our store.
2.1 Company Ownership
This will be a simple sole proprietorship owned by Sandra Adams. We intend to wait until the business grows before we incorporate, if at all.
2.2 Start-up Summary
Assets will make up 80% of start-up costs.
The start-up expenses are fairly low in comparison. Start-up costs focus on inventory for my clothing and accessories which are extremely important. Expenses include:
- Pricing tools
- Cash register
- Advertising and design of brochures
- Legal fees for security
- Consulting fees to help with merchandising and layout of the store to obtain maximum benefit
- Start-up costs will be financed by the owner and a combination of investors
|Research and development||$500|
|Total Start-up Expenses||$12,300|
|Other Current Assets||$27,000|
|Start-up Expenses to Fund||$12,300|
|Start-up Assets to Fund||$55,000|
|Total Funding Required||$67,300|
|Non-cash Assets from Start-up||$35,000|
|Cash Requirements from Start-up||$20,000|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$20,000|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$10,000|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$45,300|
|Loss at Start-up (Start-up Expenses)||($12,300)|
|Total Capital and Liabilities||$55,000|
2.3 Company Locations and Facilities
Located in downtown Eugene, we provide a central location for the growing Hispanic community. We believe it is important to create an atmosphere of acceptance and community care, as well as a place where individuals can identify and bond with all aspects of their culture.