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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.

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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