Passion Soles
Company Summary
Passion Soles is an upscale women’s shoe store located in Eugene, OR., an un-serviced niche. Customers looking for these shoes must travel up to Portland. Passion Soles will be able to offer a wide selection because they will typically only have one size available per style. This one size is used as a demonstrative model. All other sizes are available within two days.
2.1 Company Ownership
Passion Soles is a sole proprietorship owned by Holly Heels.
2.2 Start-up Summary
Passion Soles will incur the following start-up costs:
- Computer system with CD-RW, printer, Microsoft Office, QuickBooks Pro, and POS software.
- POS terminal/cash register.
- Back office desk and chair.
- Front of store counter.
- Shelving racks.
- Display racks.
- Chairs, mirrors.
- Assorted halogen track lighting.
Please note that the following items which are considered assets to be used for more than a year will labeled long-term assets and will be depreciated using G.A.A.P. approved straight-line depreciation method.
Start-up Funding | |
Start-up Expenses to Fund | $600 |
Start-up Assets to Fund | $29,400 |
Total Funding Required | $30,000 |
Assets | |
Non-cash Assets from Start-up | $14,368 |
Cash Requirements from Start-up | $20,032 |
Additional Cash Raised | $0 |
Cash Balance on Starting Date | $20,032 |
Total Assets | $34,400 |
Liabilities and Capital | |
Liabilities | |
Current Borrowing | $0 |
Long-term Liabilities | $0 |
Accounts Payable (Outstanding Bills) | $0 |
Other Current Liabilities (interest-free) | $0 |
Total Liabilities | $0 |
Capital | |
Planned Investment | |
Holly | $30,000 |
Other | $0 |
Additional Investment Requirement | $0 |
Total Planned Investment | $30,000 |
Loss at Start-up (Start-up Expenses) | ($600) |
Total Capital | $29,400 |
Total Capital and Liabilities | $29,400 |
Total Funding | $30,000 |
Start-up | |
Requirements | |
Start-up Expenses | |
Legal | $500 |
Stationery etc. | $100 |
Other | $0 |
Total Start-up Expenses | $600 |
Start-up Assets | |
Cash Required | $20,032 |
Other Current Assets | $0 |
Long-term Assets | $9,368 |
Total Assets | $29,400 |
Total Requirements | $30,000 |