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Bed and Breakfast - Caribbean Business Plan


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Company Summary
The Vette Kat Harbour Bed & Breakfast, located overlooking Vette Kat Harbour on our beautiful Caribbean island will
offer a luxurious, quaint B & B for people to enjoy. The Vette Kat Harbour Bed & Breakfast will have seven individual
rooms some with private baths, a central living room/socializing area, a garden patio, outdoor BBQ area and
a Buccaneer Culinary Centre (housed in former out building) for its guests. Two of the guest rooms can be joined to
form the Privateer Suite with a private kitchen, living room and outdoor sitting area and a separate entrance to offer a
unique lodging experience. We are located within casual walking distance from the shore on a quite small town
street.
The adjacent properties are of a matching elegant nature and charm up and down the street. The entire property
next to us is owned by the church and quiet.

2.1 Company Ownership


The Vette Kat Harbour Bed & Breakfast will be a LLC of Kayman St. Lucia - who will be the owner. The B & B uses Mr.
St. Lucia's home as the inn.

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2.2 Start-up Summary


The Vette Kat Harbour Bed & Breakfast start-up expenses include:
Home office equipment including: computer, copier, fax machine, extra telephone line, and filing cabinet.
Wireless Internet network access for guests.
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Website creation.
Advertising/association dues for the several B & B associations.
Furnishings and linens for individual guest rooms.
Pest Control Program set up.
Tableware (China, Silverware, and glassware).
Signage.
Safety Programs (Fire) (Anti-slip).
We have budgeted $32,000.00 for initial, functional yet tasteful furnishings.
Our Bed and Room Linen Expenses Breakdown.
Comforters - $700
Sheets - $420
Blankets - $350
Pillows - $300
Towels - $1,200
Dust Ruffles - $140
Robes - $1,680
Total - $4,790
Equipment and Furnishings Expenses Breakdown.
Computers - $2,800
Computer Accessories - $300
Computer Printers - $513
Poster Printer - $800
Router - $148
Networking Cables - $156
Furniture - $13,453
Lamps - $150
Artwork/Decorations - $1,843
Accessories - $1,273
Buccaneer Culinary Collection - $1,821
Kitchen Equipment - $1,400
Telephone Upgrade - $180
Total - $24,840

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Kayman St. Lucia will directly invest $25,000 in starting up the B & B. We plan on acquiring additional direct funding
via a bank and backed by the SBA under an Island Economic Development loan package.

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START-UP REQUIREMENTS
Start-up Expenses
Legal

$1,260

Insurance

$2,903

Licenses and Permits

$320

B&B Associations & linking

$2,400

Retrofit of Premises

$3,000

TOTAL START-UP EXPENSES

$0
$9,883

Start-up Assets
Cash Required
Start-up Inventory

$24,000
$2,500

Other Current Assets

$13,667

Long-term Assets

$56,000

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TOTAL ASSETS
Total Requirements

$96,167
$106,050

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START-UP FUNDING
Start-up Expenses to Fund
Start-up Assets to Fund
TOTAL FUNDING REQUIRED

$9,883
$96,167
$106,050

Assets
Non-cash Assets from Start-up

$72,167

Cash Requirements from Start-up

$24,000

Additional Cash Raised

$0

Cash Balance on Starting Date

$24,000

TOTAL ASSETS

$96,167

Liabilities and Capital


Liabilities
Current Borrowing
Long-term Liabilities

$0
$81,210

Accounts Payable (Outstanding Bills)

$0

Other Current Liabilities (interest-free)

$0

TOTAL LIABILITIES

$81,210

Capital
Planned Investment
Owner Investment

$24,840

Other

$0

Additional Investment Requirement

$0

TOTAL PLANNED INVESTMENT

$24,840

Loss at Start-up (Start-up Expenses)

($9,883)

TOTAL CAPITAL

$14,957

TOTAL CAPITAL AND LIABILITIES

$96,167

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Total Funding

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$106,050

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PLAN OUTLINE
1.0 Executive Summary
2.0 Company Summary
Company Ownership
Start-up Summary
3.0 Services
4.0 Market Analysis Summary
5.0 Strategy and Implementation Summary
6.0 Web Plan Summary
7.0 Management Summary
8.0 Financial Plan
Appendix
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MARKET RESEARCH
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