De Kliek Style Studio is an upscale women's clothing boutique that intends to open in Noe Valley in July. De Kliek means "clique or circle of friends" in Dutch; this defines the boutique and its essence of inclusion. De Kliek carries beautiful designer labels for professional women, such as the sophisticated silhouettes of Herr Frau and luxurious Jamin Puech handbags. De Kliek's clothing selections and exclusive personal style services, which include a detailed Style Assessment that features nine different style personalities, will ensure that our customers are always well dressed.
2.1 Start-up Summary
This business plan will be used for three purposes:
- To map out all the necessary components to create a successful and well-run boutique
- To provide management with a blueprint to follow
- To secure financing through private institutions and investors
The Start-up Table which follows details the Start-up Requirements, including Start-up Inventory and Long-term Assets in the form of Fixtures and POS Equipment. Start-up Funding will consist largely of owner investment and a long-term loan from the Small Business Administration. The Start-up Period for this plan runs from January through July. De Kliek will open on July 15, and we project real sales beginning in August of Year 1.
Start-up Funding | |
Start-up Expenses to Fund | $45,108 |
Start-up Assets to Fund | $87,599 |
Total Funding Required | $132,707 |
Assets | |
Non-cash Assets from Start-up | $80,099 |
Cash Requirements from Start-up | $7,500 |
Additional Cash Raised | $0 |
Cash Balance on Starting Date | $7,500 |
Total Assets | $87,599 |
Liabilities and Capital | |
Liabilities | |
Current Borrowing | $0 |
Long-term Liabilities | $90,000 |
Accounts Payable (Outstanding Bills) | $0 |
Other Current Liabilities (interest-free) | $0 |
Total Liabilities | $90,000 |
Capital | |
Planned Investment | |
Owner Injection | $41,707 |
Investor | $1,000 |
Other | $0 |
Additional Investment Requirement | $0 |
Total Planned Investment | $42,707 |
Loss at Start-up (Start-up Expenses) | ($45,108) |
Total Capital | ($2,401) |
Total Capital and Liabilities | $87,599 |
Total Funding | $132,707 |
Start-up Requirements | |
Start-up Expenses | |
Initial Deposit | $0 |
Leasehold Improvements | $20,000 |
Rent for Mo. of Improvements | $3,000 |
Inventory Analyst | $1,800 |
Professional Fees | $1,050 |
Insurance | $1,008 |
General Startup Costs | $6,900 |
Marketing: Packaging, PR, Design | $11,350 |
Total Start-up Expenses | $45,108 |
Start-up Assets | |
Cash Required | $7,500 |
Start-up Inventory | $55,500 |
Other Current Assets | $0 |
Long-term Assets | $24,599 |
Total Assets | $87,599 |
Total Requirements | $132,707 |
2.2 Company Ownership
De Kliek has been established as a Sole Proprietorship due to the ease of formation, and simplicity of the structure and tax record keeping. In the future, De Kliek will look at forming an S Corporation when another location is opened. The following legal protections, permits or licensing are required:
- LA County Business Tax Registration Certificate (Complete)
- LA City Fictitious Business Name Statement (Complete)
- LA Payroll Expense Tax Statement CA State Seller's Permit (Complete)
- LA Fire Department Permit
