Feasibility

Business By Soulstice

Soulstice Posted 12 Apr 2015 , 4:26pm
post #1 of 1

I currently just make cakes and treats on the side for friends and family and their various events and just did things on a donation basis just because I enjoyed doing them.  I'm also taking some college classes and one of them they had us come up with a venture and are having us simulate through what it'd be like to set it up. So I figured this would be interesting but none of the small business confectioneries around here seem to be all that friendly in discussing anything about their financial records which I can understand but I do need to know some of this for my assignment.  Any input is helpful since I've most this filled out but I'm curious how far off my numbers are for a business based in Michigan.

Keep in mind this is to be run from a storefront and not from a household.
Thank you.

Capital Investments

Amount

 

 

Property


Furniture and fixtures


Computer equipment


Other equipment

 

Vehicles


 


Operating Expenses

Amount

Legal, accounting, and professional services

 

Advertising and promotions


Deposits for utilities

 

Licenses and permits


Prepaid insurance


Lease payments


Salary and wages

 

Payroll taxes

 

Travel

 

Signs


Tools and supplies


Starting inventory


Cash (working capital)


Other expense 1

 

Other expense 2

 

 

 

Total Startup Cash Needed =

 


Annual Sales

Estimate of Proposed Venture’s

Annual Sales—Year 1



Estimate of Year 1 Sales __________

Summary: How proposed annual sales, on average, compares to similar firms (circle one)

Below Average       Average       Above Average



Estimate of Year 2 Sales __________

Summary: How proposed annual sales, on average, compares to similar firms (circle one)

Below Average       Average       Above Average

 

0 replies

Quote by @%username% on %date%

%body%