Brigham's__Start-Up Costs

Funding

Amount
Investor Funding
Cydney Young Owner
Cameron Young Owner
Seed Funding
Total Investment

$50,000.00
$50,000.00
$65,000.00
$165,000.00

Bank Loan Mountain America

Total Loans

$450,000.00
$450,000.00

Loans

Other Funding

Donation/Grants
Total Other Funding

TOTAL FUNDING

$25,000.00
$25,000.00

$640,000.00

Amount
COSTS

Advertising for Opening

$1,500.00

Fixed Costs

ATM Machine
Audio/Visual Equipment

$2,000.00
$15,000.00

Basic Website
Brand Development
Building Costs
Business Cards/Stationery
Business Entity
Business Licenses/Permits
Computer Hardware/Software
Decorating
Entertainment/Games
Flatware/Cookware/Glasses
Furniture/Fixtures
Gift Shop Inventory
Inspection
Insurance (building, business)

$1,000.00
$1,000.00
$300,000.00
$600.00
$200.00
$250.00
$1,000.00
$2,500.00
$5,000.00
$3,000.00
$20,000.00
$3,000.00
$900.00
$12,000.00

Land Acquisition

Legal/Professional Fees
Office Machines & Equipment
Operating Cash (Working Capital)
Point of Sale Hardware/Software
Public Utilities Deposits
Security System Installation
Setup, installation and consulting fees
Signage
Starting Food & Beverage Inventory
Telephone
Tools & Supplies
Travel
Uniforms
Kitchen & Bar Equipment________________

TOTAL FIXED COSTS

[42]

$1,000,000.00

$500.00
$800.00
$1,000.00
$20,000.00
$600.00
$1,200.00
$2,000.00
$3,500.00
$2,500.00
$150.00
$300.00
$150.00
$125.00
$75,000.00

$1,898,810.00

Brigham's Balance Sheet

ASSETS

LIABILITIES

Current Assets

Current Liabilities

Cash

$163,225.00 Accounts payable

Accounts receivable

$25,000.00 Short-term notes

Inventory

$5,500.00 Interest payable

Prepaid expenses

$15,000.00 Taxes payable

Total Current Assets

Accrued payroll
$208,725

Total Current Liabilities

Fixed Assets
$150,000.00 Long-term Liabilities

Land
Buildings

100,000.00 Mortgage
(less accumulated depreciation)

Kitchen/Bar Equipment
(less accumulated depreciation)
Furniture and fixtures
(less accumulated depreciation)

1,500.00
75,000.00

Total Long-Term Liabilities

800.00
20,000.00 Total Liabilities
1,000.00

Total Net Fixed Assets

SHAREHOLDERS' EQUITY
$198,300 Retained earnings
Total Shareholders' Equity

TOTAL ASSETS

$407,025

Balance Sheet Check

$407,025 TOTAL LIABILITIES & EQUITY

RATIOS
Current Ratio

1.55

Quick Ratio

1.51

Cash Ratio

1.21

Working Capital

73,925.00

$15,800
100,000.00
5,000.00
9,000.00
5,000.00
$134,800

2,500.00
$2,500
$137,300

163,225.00
$163,225

$300,525

Five Year Projections

Years

1/1/2015

1/1/2016

1/1/2017

1/1/2018

1/1/2019

Net sales

$80,000

$90,000

$98,000

$110,000

$140,000

Cost of goods sold

$23,000

$21,500

$20,800

$19,000

$20,500

Net Operating Income

$57,000

$68,500

$77,200

$91,000

$119,500

$3,500

$3,900

$2,100

$3,000

$3,600

$53,500

$64,600

$75,100

$88,000

$115,900

$50,000

$60,000

$75,000

$85,000

$90,000

Cash inflow

$5,000

$4,000

$6,000

$7,500

$12,000

Cash outflow

$6,000

$4,000

$5,500

$8,500

$15,000

Ending Cash Balance

$61,000

$68,000

$86,500

$101,000

$117,000

$61,000

$68,000

$86,500

$101,000

$117,000

Income Statement

Operating expenses
Net Income

Cash Flow Statement

Beginning balance

Balance Sheet
Cash
Accounts receivable

$1,200

$2,500

$3,000

$5,000

$7,500

Inventory

$5,000

$10,000

$11,700

$13,000

$13,500

$15,000

$18,000

$18,750

$20,500

$20,000

Total Current Assets

$82,200

$98,500

$119,950

$139,500

$158,000

$28,000

$30,500

$45,000

$43,000

$41,000

$110,200

$129,000

$164,950

$182,500

$199,000

Accounts payable

$15,800

$10,500

$9,800

$7,600

$5,500

Short-term notes

$100,000

$80,000

$50,000

$35,000

$27,000

Accrued & other liabilities

$137,300

$110,500

$100,000

$85,000

$60,000

Total Current Liabilities

$253,100

$201,000

$159,800

$127,600

$92,500

$22,100

$23,700

$22,600

$21,800

$22,400

$1,400

$1,800

$1,400

$1,000

$1,700

Prepaid expenses
Fixed assets
Total Assets

Long-term debt
Other long-term liabilities

Total Long-term Liabilities

$23,500
Shareholders' equity
Total Liabilities and Equity

$25,500

$24,000

$22,800

$24,100

($166,400)

($97,500)

($18,850)

$32,100

$82,400

$110,200

$129,000

$164,950

$182,500

$199,000