Start Up Costs For Year 2012

Submitted By brad4848
Words: 371
Pages: 2

Start-up costs for year 2013 Start-up Costs | Costs ($) | Equipment/Capital Costs | Costs ($) | Business Name | $33 | Rent | $41,080 | Licences | $470 | Bond | $2200 | | | Start-up Capital | $10,000 | Trade marks/designs/patents | $856 | Equipment | | Utility Connections and Bonds | $8480 | Computer Equipment | $2500 | Phone Connection | $720 | Phones | $100 | Internet connection | $720 | Freezers/Fridge | $5900 | Training | $320 | Interior | $7045 | Wages | $67,935.68 | Music | $2600 | Stock/raw Materials | $15,640 | Tables/Chairs/Benches | $1583 | Printing | $489 | Hardware | $540 | Stationary | $500 | | | Marketing and Advertising | $ | | | | | TOTAL: | $162,599.68 |

Financial Objectives: Make a profitable and sustainable business that satisfies the community’s wants and expectations. Eventually become more cost effective and become socially ethical.
Finance Required: To start up my business I will need about a $140,000 loan from the bank. My partner and I are going to put in $20,000 ourselves.
Assumptions
The Adjustments I may need to make to my business could be: * Interest rates on loan * Nationwide depression * Seasons (winter, etc.)
Balance Sheet forecast Current Assets | YEAR 1 | YEAR 2 | YEAR 3 | Cash | 26,400 | 30,000 | 42,250 | Inventory | 2,000 | 2,250 | 2,700 | Fixed Assets | | | | Renovations/Improvements | | 5,000 | | Furniture | 17,668 | 17,668 | 17,668 | Equipment/tools | 234 | 234 | 234 | Computer Equipment | 2500 | 2500 | 2500 | Hardware (Freezers etc) | 540 | 540 | 540 | TOTAL ASSETS | $47,542 | $52,542 | $47,542 | Current and Short term liabilities | | | | Accounts payable | | | | Interest payable | 4200 | 4200 | 4200 | Accrued wages | | | | Long term liabilities | | | |…