Child Day Care Services Business Plan Kid'S Community College Page 4
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19Once the operation reaches its anticipated growth and profitability goals, the college
plans to franchise and will re-register as a limited liability company or as a corporation,
whichever will better suit the future business needs.
2.2 Start-up Summary
The college founder and president, Mr. Kilpatrick, will oversee fiscal responsibility,
employing an independent CPA for financial oversight. A Campus Director will be hired
to handle day-to-day operations of the facility and will work collaboratively with the silent
partners and other campus personnel to ensure a successful business venture.
As reflected in the table below, the estimated start-up costs for KCC will be $39,450.
These costs will be financed solely by the owners' personal cash funds and optional
credit lines. An anticipated $60,000 SBA guaranteed 5-year loan will be used as
working capital. Future expansion, growth and franchising strategy will be self-financed.
Start-up
Start-up
Requirements
Start-up Expenses
Legal
$1,000
Stationery
$250
Brochures
$500
Insurance
$1,500
Rent
$8,250
R&D
$500
Consultants
$1,000
Playground Equipment
$3,500
Playground Prep
$700
Playground Fence
$3,000
Furnishings
$7,500
Toys
$3,000
Buildout
$8,750
Total Start-up Expenses
$39,450
Start-up Assets
Cash Required
$65,550
Other Current Assets
$14,130
Long-term Assets
$0
Total Assets
$79,680
Total Requirements
$119,130
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