Company Summary

 JJB is a bakery and coffee shop managed by two partners. These partners represent sales/management and finance/administration areas, respectively. The partners will provide funding from their own savings, which will cover start-up expenses and provide a financial cushion for the first months of operation. A ten-year Small Business Administration (SBA) loan will cover the rest of the required financing. The company plans to build a strong market position in the town, due to the partners' industry experience and mild competitive climate in the area.

2.1 Company Ownership

JJB is incorporated in the state of Washington. It is equally owned by its two partners.

2.2 Start-up Summary

JJB is a start-up company. Financing will come from the partners' capital and a ten-year SBA loan. The following chart and table illustrate the company's projected initial start-up costs.

Start-up Funding
Start-up Expenses to Fund	$17,100
Start-up Assets to Fund	$62,900
Total Funding Required	$80,000
Assets
Non-cash Assets from Start-up	$6,500
Cash Requirements from Start-up	$56,400
Additional Cash Raised	$0
Cash Balance on Starting Date	$56,400
Total Assets	$62,900
Liabilities and Capital
Liabilities
Current Borrowing	$0
Long-term Liabilities	$65,000
Accounts Payable (Outstanding Bills)	$0
Other Current Liabilities (interest-free)	$0
Total Liabilities	$65,000
Capital
Planned Investment
D. Inkler	$15,000
Investor 2	$0
Other	$0
Additional Investment Requirement	$0
Total Planned Investment	$15,000
Loss at Start-up (Start-up Expenses)	($17,100)
Total Capital	($2,100)
Total Capital and Liabilities	$62,900
Total Funding	$80,000

Start-up
Requirements
Start-up Expenses
Legal	$1,200
Stationery etc.	$200
Brochures	$0
Computer equipment	$6,200
Rent	$0
Insurance	$0
Office furniture	$1,000
Sublimation heat transfer unit	$2,000
Wesite development	$6,500
Total Start-up Expenses	$17,100
Start-up Assets
Cash Required	$56,400
Start-up Inventory	$0
Other Current Assets	$1,500
Long-term Assets	$5,000
Total Assets	$62,900
Total Requirements	$80,000