Chef Vending, LLC, is a family-owned and operated import company that focuses on importing innovative vending machines and restaurant equipment from Spain. By serving a niche segment of the $24.5 billion dollar vending industry, we will position Chef Vending as a high-quality, innovative company, that creates value for its customers.
Located in North Miami Beach, Florida, three of the four investors have full operational responsibility. Mauricio Ordonez and Javier Palmera, the co-founders, have both entrepreneurial and industry experience. Charles Mulligan brings operational management and financial skills to the operation.
2.1 Company Ownership
Chef Vending, LLC, is a privately-held Florida corporation. Chef Vending is owned by three of its key employees, and one financial investor. The ownership breakdown is as follows:
- Mauricio Ordonez- 40%
- Javier Palmera- 20%
- Charles Mulligan- 20%
- Pedro Herrera- 20%
2.2 Start-up Summary
Our start-up costs, listed below, have been financed to date by the investment from its owners.
|Repairs & Maintanence||$2,388|
|Total Start-up Expenses||$94,492|
|Other Current Assets||$0|
|Start-up Expenses to Fund||$94,492|
|Start-up Assets to Fund||$62,508|
|Total Funding Required||$157,000|
|Non-cash Assets from Start-up||$37,508|
|Cash Requirements from Start-up||$25,000|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$25,000|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$2,500|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$29,500|
|Loss at Start-up (Start-up Expenses)||($94,492)|
|Total Capital and Liabilities||$62,508|
2.3 Company Locations and Facilities
Chef Vending maintains an office and a small warehouse in a mixed-use area of North Miami Beach, Florida. We maintain a showroom, where we provide customers with product demonstrations, a warehouse, where we keep an inventory of machines and supplies, and an administrative area to handle the business functions.