Plan Outline

Vending Services Business Plan

Chef Vending

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Company Summary

Chef Vending, LLC, is a family-owned and operated import company that focuses on importing innovative vending machines and restaurant equipment from Spain. By serving a niche segment of the £24.5 billion dollar vending industry, we will position Chef Vending as a high-quality, innovative company, that creates value for its customers.

Located in North Miami Beach, Florida, three of the four investors have full operational responsibility. Mauricio Ordonez and Javier Palmera, the co-founders, have both entrepreneurial and industry experience. Charles Mulligan brings operational management and financial skills to the operation.

2.1 Company Ownership

Chef Vending, LLC, is a privately-held Florida corporation. Chef Vending is owned by three of its key employees, and one financial investor. The ownership breakdown is as follows:

Mauricio Ordonez- 40%
Javier Palmera- 20%
Charles Mulligan- 20%
Pedro Herrera- 20%

2.2 Start-up Summary

Our start-up costs, listed below, have been financed to date by the investment from its owners.

Start-up

Requirements

Start-up Expenses
Cash Purchases	£2,500
Utilities	£855
Repairs & Maintanence	£2,388
Professional Fees	£500
Insurance	£921
Rent	£7,136
Travel	£9,271
Inventory	£43,086
Telephone	£1,166
Postage	£111
Office Equipment/Supplies	£4,645
Marketing/Advertising	£15,587
Freight	£4,926
Other	£1,400
Total Start-up Expenses	£94,492

Start-up Assets
Cash Required	£25,000
Start-up Inventory	£37,508
Other Current Assets	£0
Long-term Assets	£0
Total Assets	£62,508

Total Requirements	£157,000

Start-up Funding
Start-up Expenses to Fund	£94,492
Start-up Assets to Fund	£62,508
Total Funding Required	£157,000

Assets
Non-cash Assets from Start-up	£37,508
Cash Requirements from Start-up	£25,000
Additional Cash Raised	£0
Cash Balance on Starting Date	£25,000
Total Assets	£62,508


Liabilities and Capital

Liabilities
Current Borrowing	£0
Long-term Liabilities	£125,000
Accounts Payable (Outstanding Bills)	£2,500
Other Current Liabilities (interest-free)	£0
Total Liabilities	£127,500

Capital

Planned Investment
Investor 1	£10,500
Investor 2	£9,000
Investor 3	£5,000
Investor 4	£5,000
Additional Investment Requirement	£0
Total Planned Investment	£29,500

Loss at Start-up (Start-up Expenses)	(£94,492)
Total Capital	(£64,992)


Total Capital and Liabilities	£62,508

Total Funding	£157,000

2.3 Company Locations and Facilities

Chef Vending maintains an office and a small warehouse in a mixed-use area of North Miami Beach, Florida. We maintain a showroom, where we provide customers with product demonstrations, a warehouse, where we keep an inventory of machines and supplies, and an administrative area to handle the business functions.