Nicole’s Pizzeria Learning Team 1: Beth Adams, Roy Richards, Jacob Welsted and Nicole Williams MBA 675 E Instructor Susan Steffan June15, 2015

Nicole’s Pizzeria Financial Plan for Nicole’s Pizzeria

Nicole’s Pizzeria There are four partners at Nicole’s Pizzeria 1.Beth Adams 2.Roy Richards 3.Jacob Welsted 4.Nicole Williams

Nicole’s Pizzeria Start Up Cash and Credit Each Partner Contributed $30,000 Taken a SBA 504 Loan $81,000 Total start up cash $201,000 $20,000 line of credit

Nicole’s Pizzeria SBA- 504 Loan Fixed Rate of 4.93%. The rate is fixed for 10 years. Credit interest is %

Nicole’s Pizzeria Sales Projections $523, $544, $605,355

Nicole’s Pizzeria Partnership LLC Partnership- is a business entity that provides vital benefits of corporate ownership to company owners while avoiding the tax pitfalls of the corporate form. LLC income is taxed at the individual level to the partners, eliminating the double-taxation that has traditionally been the price of limited liability— protection from business debts and legal actions. LLC business partnership agreements provide an outline of how a new LLC will be structured and managed. $25 to file this form

Start Up Expenditures Security Deposits Rent- $3,000 Telephone- $250 Utilities- $800 Internet and Security System- $400 Total Security Deposits- $4,450

Nicole’s Pizzeria Pre- Advertising Radio Ads- $4,800 Flyers-$250 Business Cards- $450 Total Cost- $5500

Nicole’s Pizzeria Accounting Fees Roy will do accounting duties- no charge

Nicole’s Pizzeria Insurance Expense Workman’s Compensation Disability Business Property insurance Total Insurance Cost- $4,500 every four months

Nicole’s Pizzeria Licensing New York State Business License Cost is $300

Nicole’s Pizzeria Entertainment Television iPod Speakers Music Downloads Total Cost-$1000

Nicole’s Pizzeria Office Supplies Computer Paper Pens Order Forms Total Cash Cost- $600

Nicole’s Pizzeria Payroll Expense Training and Set Up Monthly Payroll- $12,250 2 Full time Employees 10 Part Time employees

Nicole’s Pizzeria Benefits Benefit Cost 20-26% of employee yearly wages. Total Yearly Benefit Cost $11,400.

Nicole’s Pizzeria Printing Printer Paper Total cost-$500

Nicole’s Pizzeria Sales Tax Permit There is no cost for the permit, all you have to do is apply.

Nicole’s Pizzeria Rent Total monthly Rent Cost- $3,000

Nicole’s Pizzeria Utility Cost National Grid National Gas Total Cost Monthly- $800

Nicole’s Pizzeria Opening Inventory Cost Aprons Fresh Vegetables Flour etc… Total Cost $20,000.

Nicole’s Pizzeria Website For Online Ordering Cost to build the online ordering website $2,250

Nicole’s Pizzeria Internet Facebook Instagram Twitter No charge we will set up these accounts and post to them.

Nicole’s Pizzeria Vehicles 2 vehicles purchased at car auction The car cost was $20,000

Nicole’s Pizzeria Computer Equipment 2 Laptops Quicken Books Total cost -$1,500

Nicole’s Pizzeria Equipment and Machinery Wood burning brick oven- $25,000 2 Refrigerators- $1,500 Commercial pizza dough mixer- $4,700

Nicole’s Pizzeria Ingredient Bins-$700 Pans, dishes etc…- $7,300 Total Cost- $39,200

Nicole’s Pizzeria Leasehold Improvements Updating 2 bathrooms Painting Sinks Tile Total Cost $8,000

Nicole’s Pizzeria Furniture and Fixtures Tables Lighting Chairs Total cost $20,000

Nicole’s Pizzeria Sales Projections $523, $544, $605,355

Nicole’s Pizzeria Income Projections $29, $56, $88,751

Nicole’s Pizzeria Breakeven The breakeven point is 21,920 units.

Nicole’s Pizzeria Start Up Cash- $201,000 Total Start Up Expenses- $152,432 Cash on Hand After Expenses- $77,468

Nicole’s Pizzeria References: How Much to Pay Your Startup Lawyer. (2008, April 15). Retrieved May 10, 2015, from y-your-startup-lawyer How Much Should a Website Cost in 2015? (n.d.). Retrieved May 10, 2015, from What Are the Startup Costs? - Marcos Pizza Franchising. (n.d.). Retrieved May 10, 2015, from the-startup-costs/ Richards, L. (n.d.). Cost of Employee Benefits for an Employer. Retrieved May 10, 2015, from employer-2694.html Hastings, Alan Retrieved May 10, Allen Street Buffalo, NY from

Nicole’s Pizzeria Apple Store G116 Walden Galleria Mall Cheektowaga, NY (716) Frost, S. (n.d.). What Is Needed to Start a Pizzeria?. Retrieved May 10, 2015, from html gacy-hl662-pizza-mixer/ Nicole’s Pizzeria

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