From there, our income will grow with the company to $60,000 and $100,000, figures in line with successful high-end groomers in other parts of the country. We expect to finance PetStop with money that we have saved, and from family members. We do not anticipate adding debt to our balance sheet, as we feel confident that we can raise the estimated $40,000 in startup costs and an additional $20,000 in initial working capital without bank loans. We will use the working capital to pay for regular supply and insurance costs. We will not draw a salary for the first year, possibly the first two years. We hope to buy out the family equity within three to four years.
Works Cited
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