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AbstractSingapore'srapideconomicdevelopmentandtheimprovementofthequalityofurbanlifeandliferhythmspeedingup,coffeeleisurethiselegant,fashionableandromanticrecreationalwayoflifemoreandmoregetthefavourofpeople,coffee,becameoneoftheworld'sthreelargestdrinks,manyinvestorsseethegreatbusinessopportunity,weaccordingtothemarketanalysisSWEETCoffeeShopisgoingtoemerge. TableofContents1.0ExecutiveSummary............................................................................................31.1Mission.......................................................................................................31.2KeystoSuccess..........................................................................................31.3Objectives...................................................................................................3Chart:Highlights......................................................................................42.0CompanySummary............................................................................................42.1Start-upSummary.......................................................................................5Chart:Start-up..........................................................................................5Table:Start-up...........................................................................................73.0Services...............................................................................................................84.0MarketAnalysisSummary.................................................................................84.1MarketSegmentation..................................................................................8Table:MarketAnalysis.............................................................................9Chart:MarketAnalysis(Pie).....................................................................94.2TargetMarketSegmentStrategy.................................................................94.3ServiceBusinessAnalysis.........................................................................104.3.1CompetitionandBuyingPatterns.....................................................115.0StrategyandImplementationSummary.............................................................125.1CompetitiveEdge......................................................................................125.2MarketingStrategy....................................................................................125.3SalesStrategy..............................................................................................135.3.1SalesForecast.....................................................................................13Chart:SalesMonthly...........................................................................14Chart:SalesbyYear............................................................................14Table:SalesForecast...........................................................................146.0WebPlanSummary............................................................................................156.1WebsiteMarketingStrategy........................................................................156.2DevelopmentRequirements........................................................................157.0ManagementSummary.......................................................................................157.1PersonnelPlan.............................................................................................16Table:Personnel........................................................................................168.0FinancialPlan......................................................................................................168.1ImportantAssumptions................................................................................16Table:GeneralAssumptions......................................................................178.2Break-evenAnalysis....................................................................................17Table:Break-evenAnalysis.............................................................................17Chart:Break-evenAnalysis.............................................................................178.3ProjectedProfitandLoss.............................................................................18Chart:ProfitMonthly.......................................................................................18Chart:ProfitYearly...........................................................................................18Chart:GrossMarginMonthly...........................................................................198.4ProjectedBalancesheet...............................................................................19 1.0ExecutiveSummarySWEETCoffeeShopwithelegancestyleisgivenprioritytoopenthenewleisurecafe.inlinewith"highqualitycoffee,goodservice"theideatopromotecoffeespiritandculture.Cafesprovidefirst-classcoffeeandalmostfirsatisfyalltheneedofthecustomer.SWEETCoffeeShopinlinewithdeveloptheresponsibilityofcoffeeculturefeaturesaselectionofcoffeehousecoffeeculture.1.1MissionOurCoffeeshopnotonlyprovideclassiccoffee,suchasMocha,BlueMountains,Jamaicagourmetcoffee,fancycoffee,butalsorefreshments,suchasallkindsofChinesetea,avarietyofmilktea,healthtea,juice,snacks,etc.Wecanalsoprovidecoffeewithoutcaffeineifthecustomerneedto.Ourcoffeeisnotinstant,buthand-millimmediately,tastegood.Coffeeshopprovidethelowestpriceandthebestservice.thefour"firstclass"areourgoal(firstclassservice,firstclassenvironment,firstclassproducts,firstclassreputation),andmaketheshopbecomeaparadiseoftheresidents.Wealsopreparedumbrellaneartheentrancewhethertheweatherconditions.1.2KeytoSuccesslAsuperior-tastingproductbackedbyauniquequalitystorelArelaxing,upscaleinteriordesignlPrimesiteselectionwithanupscaleaffluentpopulation,year-roundtouristactivity,heavypedestriantrafficbythesite,adynamicstudentpopulationandaconcentrationoflocalbusinesseslOngoing,aggressivemarketinglHighlytrainedandfriendlystafflMultiplerevenuestreamsincludinggiftitems,giftbasketsandcoffeegift/frequencycardsinadditiontocoffee,pastry,chocolates,tea,juice,waterandsoftdrinkslAdynamicwebsitewithonlinesalescapability1.3ObjectiveslSalesof$600,000+thefirstfiscalyear,$750,000+thesecondfiscalyearand$1million thethirdfiscalyear·lAchievea15%netprofitmarginwithinthefirstyearand30%byFY3lAchieveatotalnetprofitof$150,000+inFY1and$200,000+byFY3lBeanactiveandvocalmemberofthecommunity,andprovidecontinualre-investmentthroughparticipationincommunityactivitiessuchastheChamberofCommerceandfinancialcontributionstolocalcharitiesandyouthorganizationslCreateasolidconceptintheindustryandtrackperformanceinordertobeginexpandingtoothermarketswithinsixmonthsHighlights2.0CompanySummary(1)Projectname:SWEETCoffeeShop(2)Thebusinessscope:Themajorityofresidents(3)Typeofindustry:Retail(4)Projectinvestment:$250,000(5)Location:TiongbahruPlaza(6)ProjectOverview:Toprovidecustomerswithconvenience(coffee,tea,varioussnacks),toprovidepart-timejobforcollegestudents,andofferingqualityservicetosatisfypeoplewhoarepursuitspiritualneedsinthecity.(7)Businesspurpose:Ourcoffeeshopofferingcheapandfine,fashionandleisureservicetosatisfycustomer. 2.1Start-upSummaryOurcosts areanestimated$225,000and $25,000foropeninginventoryandoperatingcapital.Futurestoresshouldcostnomorethan$175,000tobuildoutsincemanyofthecostsincurred herewillnothavetoberepeatedlater.TheStart-uprequirements,below,include$77,000ofshortandlong-termassets.Longtermassets:$62,000Refrigerators$5,000Service/PrepCounter$12,000IceMachine$3,500LargeRefrigerator$1,000MilkCoolers(3)$1,000Cashregister(2)PointofSaleSystem$14,000EspressoMachine$11,000CoffeeBrewer$2,500Counters/Condimentbar/shelving$12,000Short-termassets:$15,000Tables,Chairs,Furnishings$12,000PersianCarpet$1,000LightingFixtures$2,000Start-upRequirementsStart-upExpensesCONSTRUCTION$0Sitedesign,architecturalplan$10,000Demolition/Construction$25,000Electrical,Lighting$12,000Electrical,Other$10,000Flooring/installation$5,000BathroomConstruction$4,000Plumbing$10,000FireplaceConstruction$5,000Painting$2,500Citypermits/licenses/fees$6,500InsertedRow$0LEGAL$0Accounting$2,000Legal$4,000 Insurance$2,500InsertedRow$0MARKETING$0Openingmarketing/advertising$3,000Graphicdesignforsignage,menuboards$2,000OutsideSignage$1,500FrequencyCards,Brochures$1,500InsertedRow$0OFFICE$0Officeequipment$600Computer,scanner,printer$2,000Telephones/Fax/DSL$500Stationeryetc.$1,000Giftitemdisplays(3)$1,500InsertedRow$0APPLIANCES,ETC$0Preparationequipment$1,000Dishwasher$3,500Blenders(3)$2,000Microwave$500Paninimaker$700Storageracks$1,000Musicsystem$800Fooddisplaycase$6,000Storageroomshelving$1,000Bulkbeangrinder$700Sinks(2),prepcounters$1,200Menuboardconstruction$2,500Cups/Lids(50,000)$14,000TotalStart-upExpenses$147,000Start-upAssetsCashRequired$1,500Start-upInventory$25,000OtherCurrentAssets$15,000Long-termAssets$62,000TotalAssets$103,500TotalRequirements$$250,500 Start-upFundingStart-upExpensestoFund$147,000Start-upAssetstoFund$103,500TotalFundingRequired$250,500AssetsNon-cashAssetsfromStart-up$102,000CashRequirementsfromStart-up$1,500AdditionalCashRaised$0CashBalanceonStartingDate$1,500TotalAssets$103,500LiabilitiesandCapitalLiabilitiesCurrentBorrowing$0Long-termLiabilities$0AccountsPayable(OutstandingBills)$0OtherCurrentLiabilities(interest-free)$0TotalLiabilities$0CapitalPlannedInvestmentInvestors$250,000Other$500AdditionalInvestmentRequirement$0TotalPlannedInvestment$250,500LossatStart-up(Start-upExpenses)($147,000)TotalCapital$103,500TotalCapitalandLiabilities$103,500TotalFunding$250,500 3.0ServicesOurCoffeeshopnotonlyprovideclassiccoffee,suchasMocha,BlueMountains,Jamaicagourmetcoffee,fancycoffee,butalsorefreshments,suchasallkindsofChinesetea,avarietyofmilktea,healthtea,juice,snacks,etc.Wecanalsoprovidecoffeewithoutcaffeineifthecustomerneedto.Ourcoffeeisnotinstant,buthand-millimmediately,tastegood.Coffeeshopprovidethelowestpriceandthebestservice.thefour"firstclass"areourgoal(firstclassservice,firstclassenvironment,firstclassproducts,firstclassreputation),andmaketheshopbecomeaparadiseoftheresidents.Wealsopreparedumbrellaneartheentrancewhethertheweatherconditions.4.0MarketAnalysisSummaryOurcafeislocatedTiongbahruPlazawhereisthecitydowntownwithhighpeopleflowsarea.Thecoffeeshopmainsalescoffee,tea,westernfood,colddrink,Janemeal,,drinks,variousoftea;Notonlyhaveflagshipproduct,seasonalproducts,andactiveproductsandsoon,tomeetthedifferentneedsofthediners.Restaurantconsumptionislow,perconsumerconsumptionof6to10SGD,isyourrelativesandchat,leisure,entertainment,theidealplace.Theshophasleisureaquietenvironment,,soenjoyyourselfsomuchastoforgettoleaveonthescoop,theshopalsosalethechocolate,milk,coffee,tea,fruitjuice,icecream,EasternandWesternstyleofsetmenu,itisyourleisure,partyofgoodplaces.Thecoffeeshopwillbepartofalibrarystyle,inhereprovidesomemorefashionableorpopularbooks,butinthispartoftheareaissettingtoreadfree.4.1MarketSegmentationSweetCoffeeShopcustomerbaseinTiongbahruiscomprisedoffourtargetgroups.lAffluentlocalresidentslTouristslLocalbusinesspeoplelStudentsThesegroupsareallpotentiallystrongcustomersegments.Thebenefitof thismixofcustomers isthat ithelpsmaintain consistentbusinessthroughouttheyear. MarketAnalysisYear1Year2Year3Year4Year5PotentialCustomersGrowthCAGRLocalresidents2%75,00076,50078,03079,59081,1812.00%Tourists5%100,000105,000110,250115,763121,5515.00%Students1%40,00040,40040,80441,21241,6241.00%Localbusinesses1%20,00020,20020,40220,60620,8121.00%4.2TargetMarketSegmentStrategyOurcoffeeisthedevelopmentdirectionofcanmakemostknow,knowusaroundthegoods,andalsocomeinconsumption.Forthiswewilldo:highqualitycoffee,inacafe,thecompositionofthecoffeemustbestrongforce,nomatterwhatkindofcoffee,ifintheformulationofhigherpriceson,orhavecoffee,poorqualityofarenotcompleteenough,orcoffeestocklevelsarenotenoughwaitforaphenomenon,immediatelyaffectsales,natural morenoteasytotheincreaseoffixedcustomers.Atthecafeonbusiness,notonlyshouldfacethecompetitionwithintheregioncafe,moretofacevariousstorecompetition,so"coffeebeauty"becametheshopthefoundationofsuccess.Commoditiesasawholestrategy,forcafecharacter,alsobeneedoftentakeseriously.Suchasbusinessplan,coffeeprocurement,coffeedevelopment,inventorymanagement,andeventhelogisticsofgoodsbusiness,andothercomprehensiveallthegoodsrelatedactivities,allisthestrengtheningofthegoodswithcafeforcehaveacloserelationship.Excellentservice,Themostdirect,istheservicepersonnelinthecafeandguestwhen,wanttohavegraceposture,andpayattentiontoclothes,make-upandinstrument;Thereceptioncustomer,wanttohavetheappropriateexpressions,attitude,afewappropriateresponse.Allthewaitershouldhaverichcoffeeknowledge,timelyforcustomerexplained,andalsohavetheabilitytodiscuss.Also,shopdecorationofinternalfacilities,attractiveandaestheticfeelingofabardisplay,andshoplighting,toeffectivelyuse,andfurtherstrengthenadvertisingmediapublicityeffect,andprovideallkindsofservicefacilities.Ourgoalistodevelopourstoreinthisareaofthefaithfulconsumer.4.3ServiceBusinessAnalysisSingapore'srapideconomicdevelopmentandtheimprovementofthequalityofurbanlifeandliferhythmspeedingup,coffeeleisurethiselegant,fashionableandromanticrecreationalwayoflifemoreandmoregetthefavourofpeople,coffee,becameoneoftheworld'sthreelargestdrinks,manyinvestorsseethegreatbusinessopportunity,weaccordingtothemarketanalysisSWEETcoffeeshopisgoingtoemerge.Thecompanybuysthefoundingofthecustomerrequirementsforcoffeeandaccessories,tomeettherapiddevelopmentofcoffeegoodteathedemandofthemarket,theuseofinvestmenttobuycoffeerawmaterialgrindingsolutionstocookinstruments,solvethetime-consuminggrindcoffeeandmostrelyonimports,thepriceisexpensive,influencepeoplegenerallyconsumptionlevel.Thecompanypaysattentiontotheshort-termgoalandthelongtermstrategic,mediumandlong-termobjectiveswillbeexpandedproductsfield,ofallkindsofdrinks,andavarietyofcakeandotherfood,healthfood,teaandcoffeeasthecoreofthediversifiedmanagementgroupcompany.Beverageindustryforecastcoffeewillcontinuetoexplosivegrowth,annualgrowthrateoverthenext10yearswillbeashighas35%above.Thuswecanimagine,coffeemarketdevelopmentspaceisenormous In2010,thefood&beverage(F&B)servicesindustrycomprisedabout6,200establishments,anincreaseof3.8percentcomparedwith2009.Theindustryemployedsome91,300workers,oranaverageofabout15workersperestablishment.4.3.1 CompetitionandBuyingPatternslStarbucksCoffeelO'CoffeeClublCoffeeBean&TeaLeafCompetitionisdominatedbythepresenceofStarbucks,fastbecomingthe"McDonalds"ofthespecialtycoffeeindustry.OthermajorchainsareCaribouCoffee,Peet'sCoffee&Tea,CoffeeBean&TeaLeaf,Seattle'sBest,GloriaJeansandDiedrichCoffee.Allofthesechainsareconsidered"clones"ofStarbucks.Fewvarymuchfromwhatisperceivedasaprovenformulaforsuccess.FACT: Thecoffeehousebusinesshasgrowneveryyearsince1982.FACT: Notasinglecoffeehousechainhasfailedduringthepast20years.Despitemajoreconomicrecessions,terroristattacks andtwowars overthepasttwodecades,thespecialtycoffeeindustryhasgrowneveryyear.Oneindustryobserversaid,"Whentimesaregoodthecoffeehouseindustryisgreat.Andwhentimesarebadthecoffeehouseindustryisgreat."Youngpeopleunderthelegaldrinkingageareoneofthefastest-growingsegmentsofthecoffeedrinkingmarket.Coffeehousesprovidethemwithamuch-neededplacetomeetwiththeirfriends.Entertainmentonweekendnightsdrawsa younggroupofenthusiasticcustomers.Thesurgeininterestincoffeedrinkingamongyoungpeopleassuresadiverse,receptive,sophisticatedcustomerbasenowandinthefuture. Olderadultsalsoenjoythefactthatfortherelativelymodestpriceofacupofcoffeeandsnack,theycanmeetwiththeirfriends,relaxorwork.Insteadofgoingtoabarandpayingforanalcoholicdrinkorarestaurantwhereamealusuallycomeswithaheftypricetag,thecoffeehouseisanintimateyetinexpensivevenue.5.0StrategyandImplementationSummaryStrategicAssumptions:·Peoplewantabetter-tastingcoffeedrink·Coffeedrinkerswantamoreinvitingcoffeehouseenvironment·Coffeedrinksareconsideredanaffordableluxury·Thecoffeehouseindustryislargelyunaffectedbytheeconomyandworldevents5.1CompetitiveEdgeA significantlyhigherquality,bettertastingcoffeeproduct.Anambiancesuperiortoallothercoffeehousesintheareawithupscale"Coted'Azur"look.Itfeaturesstainedglassdecorations,artglasswork,MediterraneanRivierastylefurnishingsandoutdoordining.Theonlycoffeehousedowntowntoprovideregularweekend eveningentertainment.A widervarietyofpopulardrinksthanourcompetitors,includingflavoredcoffeedrinks,tea,chai,cocoa,juiceandItaliansodas.Wehaveseveraldrinkoptionsforpeoplewhodon'tdrinkcoffee:tea,cocoa,juiceandsmoothies.OurInternetwebsitewillincludesalesofwholecoffeebeans,tea,chocolates,giftitemsand giftbaskets.5.2MarketingStrategyOthercoffeehousesrelyalmostentirelyonword-of-mouthmarketingtogeneratebusiness.Wewillengageinanongoingaggressivemarketingprogramthatwillhelpusestablishprofitabilityquicklyandsetthestageforcontinualgrowth.OurstrategywillbetopositionSweetCoffeeShopasthe"Lexus"ofcoffeehouses,offeringahighqualityproductandsuperbserviceinasuperiorenvironment. 5.3SalesStrategyOursalesstrategyincludes:·Staffsalariesthatare10%abovetheindustryaverageinordertoattractthebestpeople·Hiringforattitudesothatwealwayshaveafriendly,enthusiasticstafftomakecustomersfeelwelcomeandappreciated;constantstafftrainingtoassurethebestqualitypossible·Sellcoffee,giftbasketsand glassartwork onourwebsite·Establishcoffeeserviceatlocalbusinesses·Sellgiftcards,frequencycards,pre-paidcards,andoffer discountstokeygroups·Createanongoingsamplingprogram·Conductaconsistent,aggressivemarketingprogram·Beanactivememberofthecommunity;bevisibleatcharitablefunctions·Solicitcustomerfeedbacktoconstantlyimproveandstreamlineouroperation5.3.1SalesForecastConservatively,weareforecastinganaverageof300customersperdayduringthefirstyearwithanaverageguestcheckexpenditureforallitemsof$4.10.Thisfigurewasarrivedatbysurveyingthecustomertrafficatthenearestcompetingcoffeehouseswhichhavearangeof 150-500customersperdayandanaveragecustomerexpenditureof$4.10.Wehaveestimatedourcustomerexpendituretobeslightlyhigher(2.5%)duetothepremiumpricewewillchargeforsomeofouritems.Totalcostofsalesisapproximately25%. SalesMonthlySalesbyYearSalesForecastYear1Year2Year3SalesCoffeedrinks$265,101$344,631$448,021Tea,softdrinks,water,juice$167,007$217,109$282,241Pastries,fooditems$154,126$200,364$260,473Coffeebeans$2,105$2,526$3,031Events/mobilekiosk$0$0$0Coffeeservicetobusinesses$3,300$3,630$3,993Internetsales$8,500$10,625$13,281Giftitems$6,440$7,728$9,274 TotalSales$606,579$786,613$1,020,314DirectCostofSalesYear1Year2Year3Coffeedrinks$43,828$44,266$44,709Tea,softdrinks,water,juice$26,054$26,315$26,578Pastries,fooditems$55,241$55,793$56,351Coffeebeans$1,280$1,293$1,306Events,mobilekiosk$0$0$0coffeeservicetobusinesses$760$768$775Internetsales$3,925$3,964$4,004Giftitems$10,109$10,210$10,312SubtotalDirectCostofSales$141,197$142,609$144,0356.0WebPlanSummaryWewillsellanumberofitemsatourwebsite,including:·Wholebeans·Tea·Cocoamixes·Chocolates·Giftbaskets·Giftitems·ArtglassSpecialdownloadableoffersgoodattheretailstoreswillbepostedfromtimetotimeonthewebsite.6.1WebsiteMarketingStrategySpecialPRwillpromoteourgiftbasketbusinessandthesaleofourupscaledesignglassartworks.Wewillhostonline"events"forourcustomers.Forexample,avisitingauthormaygoonlinetochatwithvisitorstoourwebsite.Orwemaysupportacharities'fund-raisingactivities.Thiswillprovideuswithopportunitiesformediacoverage.6.2DevelopmentRequirementsThemaintenanceofthesite willbedoneby contractedoutside consultants.Asthewebsite isexpandedandimproved,futuredevelopmentmayincludeitemssuchas tracking,newsletters,down-loadablemenus,acoffee"chat"room anduserWebpages.Atechnicalresourcemayneedtobecontractedtobuildthetrackabledownloadandthenewslettercapabilities.7.0ManagementSummaryWeneedmorethan35yearsexperienceinmarketing/saleswithspecialexpertiseintheretailsector,andwillberesponsibleforthesitedevelopment,constructionsupervision,marketing. 7.1PersonnelPlanPersonnelPlanYear1Year2Year3CEO$39,000$80,000$80,000CEO$39,000$80,000$80,000Manager$34,000$35,000$35,000Manager$0$30,000$30,000Barista#1$9,600$9,600$9,600Barista#2$9,600$9,600$9,600Barista#3$9,600$9,600$9,600Barista#4$9,600$9,600$9,600Barista#5$9,600$9,600$9,600Barista#6$9,600$9,600$9,600Barista#7$2,800$7,200$9,600Barista#8$3,000$7,200$7,200Bookkeeper$8,000$15,000$15,000WebsiteSupervisor$0$25,000$25,000TotalPeople101112TotalPayroll$183,400$337,000$339,4008.0FinancialPlan·Salesgrowthwillbe aminimumof 15%annually,marginsexcellent,profitsatapproximately20%-25%,cashflowadequate.·Marketingwillremainbelow5%ofsales.·Thecompanywillinvestresidualprofitsintofinancialmarketsorrealestate. ·FuturecashinvestmentswilluseNPVprojectionstoachievemaximumreturnwithlimitedrisk.8.1ImportantAssumptions·lTheresilienceofthecoffeehouseindustrytonegativenationalandworldeventswillcontinue.Despiterecessionandwarthecoffeehouseindustryhasshownstronggrowtheveryyearforthepasttwodecades.lThequalityofnationalchainswillremainthesameordeclineslightlyratherthanimproveastheystandardizetheirstores,increaseautomationofespressodrinksand mass-producetheroastingprocess.lCoffeedrinkswillcontinuetobeconsideredan"affordableluxury." l15%minimumsalesgrowthrateoverthenextthreeyearsasSweetCoffeeShopbecomeswellknown.GeneralAssumptionsYear1Year2Year3PlanMonth123CurrentInterestRate3.00%3.00%3.00%Long-termInterestRate3.00%3.00%3.00%TaxRate20.00%20.00%20.00%Other0008.2BreakEvenAnalysisAbreak-evenanalysistablehasbeencompletedonthebasisofaveragecosts/prices.Withfixedcostsof$26,400and$4.50anaveragesale,weneed approximately$35,000permonthtobreak-even.BreakEvenAnalysisBreak-evenAnalysisMonthlyRevenueBreak-even$34,422Assumptions:AveragePercentVariableCost23%EstimatedMonthlyFixedCost$26,409 8.3ProjectedProfitandLossWeprojecthighnetprofitsstartinginthefirstyear.Ourgrowthrateisbaseduponindustryaverages,factoringinthelocalconditions.Weexpectgrowthof15%annuallyforthefirstthreeyearsbeforelevelingoffatthe800-900customerperdayaveragetrafficrate.Firstfiscalyeargrossrevenuesareexpectedtoexceed$600,000andafter-taxnetprofitsofapproximately$99,000—increasingtomorethan$260,000bythethirdfiscalyear-end.Ourmarginsareverygood.Thisisdueinlargeparttothelowdirectcostofsalesaswellasthelowoperatingcostsingeneralforcoffeehouses.Higherstaffsalaries,owner/operatorsalaries,marketingcostsandrentforapremiumlocationdepressprofitsbut,conversely,theyalsoultimatelycontributetohigherearningsandprofits.ProfitMonthlyProfitYearly GrossMarginMonthly8.4ProjectedBalancesheetProFormaBalanceSheetYear1Year2Year3AssetsCurrentAssetsCash$131,139$195,703$443,761Inventory$16,591$16,757$16,925OtherCurrentAssets$15,000$15,000$15,000TotalCurrentAssets$162,730$227,461$475,685Long-termAssetsLong-termAssets$62,000$62,000$62,000AccumulatedDepreciation$6,000$10,000$14,000TotalLong-termAssets$56,000$52,000$48,000TotalAssets$218,730$279,461$523,685LiabilitiesandCapitalYear1Year2Year3CurrentLiabilitiesAccountsPayable$33,253$29,140$33,790CurrentBorrowing$0$0$0OtherCurrentLiabilities$0$0$0SubtotalCurrentLiabilities$33,253$29,140$33,790Long-termLiabilities$0$0$0TotalLiabilities$33,253$29,140$33,790Paid-inCapital$250,500$250,500$250,500RetainedEarnings($164,600)($91,423)($26,579) Earnings$99,577$91,243$265,975TotalCapital$185,477$250,321$489,896TotalLiabilitiesandCapital$218,730$279,461$523,685NetWorth$185,477$250,321$489,896
