Create a business plan for your hypothetical arts-based venture

Startup Expenses Evergreen Art Center

Startup Expenses Source of pricing information

Buildings/Real Estate Purchase 530,000$ Construction 250,000 Other 47,000 Total Buildings/Real Estate 827,000$

Leasehold Improvements Climate control 5,500$ Local contractor company Lights 2,300 Cocoweb Security system 1,400 Lorex Technology Sound 500 Darvik Total Leasehold Improvements 9,700$

Capital Equipment List Furniture - 1 front desk, 8 benches 2,300$ Wayfair Equipment - 2 projectors 1,800 Amazon Fixtures - Picture frames, monitors 2,350 Wayfair Total Capital Equipment 6,450$

Location and Admin Expenses Utility deposits 1,000 APS Legal and accounting fees 2,500 Local law firm Prepaid insurance 1,500 Assurant Pre-opening salaries 10,000 Total Location and Admin Expenses 15,000$

Opening Inventory Historical exhibits 15,000$ Phoenix Art Museum Modern exhibits 15,000 Local artists Nature exhitbits 10,000 Local artists Total Inventory 40,000$

Advertising and Promotional Expenses Marketing 2,000$ Instagram, Facebook, Google Signage 5,500 Chandler signage company Printing 500 Costco Total Advertising/Promotional Expenses 8,000$

Reserve for Contingencies 2,000$

Total needed for startup 908,150$