Karaoke Business Plan
- 1 Do you want to start karaoke business?
- 2 Executive Summary
- 3 Company Summary
- 4 Services for customers
- 5 Marketing Analysis of karaoke business
- 6 Strategy
- 7 Personnel plan
- 8 Financial Plan
3.1 Company Owner
The Karaoke Planet will be owned by Ketty Roberts – a socialite lady from Atlanta. Ketty, born to a millionaire father, is a senior member of many bars and clubs and is an extremely popular personality in Atlanta.
3.2 Why the Business is being started
Ketty has both money and passion needed to open karaoke bar. She wants to use her socialite stature and managing skills for a fruitful purpose. Her venture is not only aimed to generate profits in the industry but also to provide a trusted public place where the members of the society can have the best time of their lives.
3.3 How the Business will be started
The Karaoke Planet will be started in the Lava Lounge building – located in Midtown, Atlanta – which will be decorated and furnished into a karaoke bar. For the startup, the company will procure the karaoke digital systems, good quality speakers, cables, microphone stands, amplifiers and restaurant equipment. In addition to all this, a contracting firm will be hired for construction and setting of the bowling alley lanes.
The costs for startup are as follows:
The startup requirements are as follows:
|Research and Development||$32,750|
|TOTAL START-UP EXPENSES||$187,300|
|Other Current Assets||$232,500|
|Start-up Expenses to Fund||$151,875|
|Start-up Assets to Fund||$123,000|
|TOTAL FUNDING REQUIRED||$0|
|Non-cash Assets from Start-up||$18,750|
|Cash Requirements from Start-up||$0|
|Additional Cash Raised||$18,750|
|Cash Balance on Starting Date||$21,875|
|Liabilities and Capital||$0|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|TOTAL PLANNED INVESTMENT||$620,125|
|Loss at Start-up (Start-up Expenses)||$313,125|
|TOTAL CAPITAL AND LIABILITIES||$251,875|
To start a conversation with our team, fill in the form.A business plan consultant with relevant expertise will contact you shortly.