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Financing Plan to Raise Capital
Finance & Accounting
Pages 9 (2259 words)
Running Head: Financial Plan to Raise New Capital Financial Plan to Raise New Capital Name Institution Date Financial Plan to Raise New Capital Introduction Marina Restaurant has been in the food industry for several years. The restaurant was opened in Oklahoma in 1997 by Tom Mark and Peter Mark…
The Marina Restaurant was blessed with an interest from very influential people and customers even from the beginning. It usually hosts live bands apart from food and this has helped it solidify its image as the premier casual rock and roll diner. With all the success, the company has grown globally. The vast amounts of locations reflect the effective and efficient management which has led a small investment in a single cafe into an internationally recognized business expanding in just over 18 years. Marina Restaurant revenues are mainly from cafes, selling memorabilia and hotels. To ensure customers keep coming back they ensure they provide excellent value in the form of good food and entertainment. With such growth, the management has decided to open more outlets for the restaurant. However, it needs capital to start up the investment. Start-up Funding The Marina Restaurant seeks funding of $900,000 for the new venture and it will get it from three investment groups or under equity offering which entails raising capital through the issue of stock. This approach is preferred at this stage since there are no repayment schedule or debt service repayments. The shareholders will only get their returns when the company makes profits. The shareholders also have a right to vote during annual general meetings and can elect the board of directors (Owen 2003). ...
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