Startup Expenses

DessertWich
Sources of Capital
Owners' Investment (name and percent
ownership)
Katherine Hartley
Jessica Perciaccante
Nicole Foscato
Julia Tan
Logan Proctor
Total Investment

Notes on Preparation
Note: You may want to print this information t
the border of this text box and then press the

20% $
20%
20%
20%
20%
$

10,000
10,000
10,000
10,000
10,000
50,000

Bank Loans
Bank 1
Bank 2
Bank 3
Bank 4
Total Bank Loans

Other Loans
Family/Friends Donations
Source 2
Total Other Loans

Startup Expenses
Buildings/Real Estate
Purchase
Construction
Remodeling
Other
Total Buildings/Real Estate

Total Leasehold Improvements

Capital Equipment List

Furniture
Equipment
Fixtures
Machinery
Other- Food Truck
Total Capital Equipment

$
$
$
$
$
$

98.97
1,678.00
24,900.00
26,677

Leasehold Improvements
Interior walls and ceilings
Electrical and plumbing additions
Built-in cabinetry
Carpeting and tiles

Location and Admin Expenses

Rent & Related Costs

Nearly everyone who has ever started a busi

danger of running with inadequate capital res
approach to your research and planning.
Our Startup Expenses worksheet will lead yo

EXPENSES - Begin by estimating expenses.

The key to accuracy here is attention to deta
everything you will need to purchase. This wi
inventory) and services (for example, remode
purchase these goods or services. Research
at price alone; terms of payment, delivery, rel
CONTINGENCIES - Add a reserve for contin
decided on the amount you are putting into th
WORKING CAPITAL - You cannot open with
expenses while the business gets going. Eve
is where you will work out your estimate of wo
put in your best rough guess. After you have
carefully researched figure.
SOURCES - Now that you have estimated ho
your attention to the top part of this workshee
be injected by partners or investors, and how
COLLATERAL - If you will be using this plan t
bottom to show what assets are offered as co
value of these items. Be prepared to offer so

Utility deposits
Legal and accounting fees
Prepaid insurance
Pre-opening salaries
Other-permits
Total Location and Admin Expenses
Opening Inventory
Ingredients
Cleaning Supplies
Serving Utensils
Admin Supplies
Category 5
Total Inventory

Advertising and Promotional Expenses

Advertising
Signage
Printing
Travel/entertainment
Other/additional categories
Total Advertising/Promotional Expenses
Other Expenses
Other expense 1
Other expense 2
Total Other Expenses

$
$

250
2,000.00
5,000
500.00
7,750

1,250
233
286
1,769

3,000.00

3,000

$
$

1,000

Reserve for Contingencies

Working Capital

Summary Statement
Sources of Capital
Owners' and other investments
Bank loans
Other loans
Total Source of Funds
Startup Expenses
Buildings/real estate
Leasehold improvements
Capital equipment
Location/administration expenses
Opening inventory
Advertising/promotional expenses
Other expenses
Contingency fund
Working capital
Total Startup Expenses

50,000
-

50,000

$
$
$

26,676.97
7,750.00
1,769
3,000.00

1,000
40,196

Security and Collateral for Loan Proposal

Collateral for Loans
Real estate
Other collateral
Other collateral
Other collateral

Owners
Katherine
Jessica
Nicole
Julia
Logan
Loan Guarantors (other than owners)
Loan guarantor 1
Loan guarantor 2
Loan guarantor 3

Value
-

Description

reparation
may want to print this information to use as reference later.To delete these instructions, click
of this text box and then press the DELETE key.

yone who has ever started a business has underestimated the costs, and then faced the
unning with inadequate capital reserves. The key to avoiding this pitfall is to adopt a rigorous
your research and planning.
Expenses worksheet will lead you through the process.

S - Begin by estimating expenses. What will it cost you to get your business up and running?
accuracy here is attention to detail. For each category of expense, draw up a list of
you will need to purchase. This will include both tangible assets (for example, equipment,
nd services (for example, remodeling, insurance). Then determine where you might
ese goods or services. Research more than one vendor; i.e.: comparison shop. Do not look
ne; terms of payment, delivery, reliability, and service are also important.
NCIES - Add a reserve for contingencies. Be sure to explain in your narrative how you
the amount you are putting into this reserve.
CAPITAL - You cannot open with an empty bank account. You need a cash cushion to meet
hile the business gets going. Eventually you should do a 12-month cash flow projection. This
u will work out your estimate of working capital needs. For now, either leave this line blank or
best rough guess. After you have done your cash flow, you can come back and enter the
searched figure.
- Now that you have estimated how much capital will be needed to start, you should turn
on to the top part of this worksheet. Enter the amounts you will put in yourself, how much will
by partners or investors, and how much will be supplied by borrowing.
AL - If you will be using this plan to support a bank loan request, use the section near the
how what assets are offered as collateral to secure the loan, and give your estimate of the
se items. Be prepared to offer some proof of your estimates of collateral values.