Garden Way Yoga Center
Company Summary
The Garden Way Yoga Center offers Anusara-style Hatha Yoga plus workshops in related yoga topics. The Yoga Center features well-trained, professional instructors, progressive teaching methods, a non-competitive and encouraging atmosphere, and a beautiful light-filled facility.
GWYC will be located in the commercial downtown section of Monroe, in the renovated Millman Center. GWYC’s goal is to build a large base of yoga students from the thousands of office workers that are employed downtown.
Besides the training, the Garden Way Yoga Center also has a boutique that will sell workshop clothing and yoga training aides.
GWYC will operate as a sole proprietorship.
2.1 Company Ownership
The Garden Way Yoga Center is owned by Jill Gordon.
2.2 Start-up Summary
The start-up expenses for the The Garden Way Yoga Center are focused primarily on workshop setup and equipment, and inventory for the boutique and bookstore. Jill will invest $60,000. In addition, GWYC will secure a $80,000 long-term loan.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $1,000 |
| Stationery etc. | $100 |
| Brochures | $8,000 |
| Insurance | $1,000 |
| Rent | $3,000 |
| Expensed Equipment | $20,000 |
| Total Start-up Expenses | $33,100 |
| Start-up Assets | |
| Cash Required | $66,900 |
| Start-up Inventory | $10,000 |
| Other Current Assets | $0 |
| Long-term Assets | $30,000 |
| Total Assets | $106,900 |
| Total Requirements | $140,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | $33,100 |
| Start-up Assets to Fund | $106,900 |
| Total Funding Required | $140,000 |
| Assets | |
| Non-cash Assets from Start-up | $40,000 |
| Cash Requirements from Start-up | $66,900 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $66,900 |
| Total Assets | $106,900 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $80,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $80,000 |
| Capital | |
| Planned Investment | |
| Jill Gordon | $60,000 |
| Other | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $60,000 |
| Loss at Start-up (Start-up Expenses) | ($33,100) |
| Total Capital | $26,900 |
| Total Capital and Liabilities | $106,900 |
| Total Funding | $140,000 |
2.3 Company Locations and Facilities
The Garden Way Yoga Center is located in downtown Monroe, in the renovated Millman Center. The facility is quickly accessible to the over 50,000 urban professionals that GWYC considers potential members.
With five large workshop rooms, men and women’s dressing rooms, and a boutique, GWYC offers plenty of floor space for multiple classes being conducted simultaneously. In addition, parking is not a problem. GWYC is within easy walking distance from any building in the downtown area. If a customer does decide to drive, the Millman Center has parking space for up to 2,000 vehicles.
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