Write a 700- to 900-word paper in APA format in which you do the following: Illustrate how your venture CARWASH (SEE ATTACHED) would perform by estimating the revenue and expense to calculate operating profit or loss. Include estimates of your ventures main sources of revenue and the expenses expected in the main cost categories such as the cost of goods, sales and marketing, labor, rent, maintenance, and any other significant expenses. Illustrate your ventures startup costs by estimating a preopening budgetalso termed development budgetthat includes startup costs such as building and construction, Web site development, preopening marketing, equipment, merchandise, preopening operations, research and development, working capital, and any other significant preopening expenses. Develop financial planning goals by illustrating how your venture would be initially funded by using cash on hand, debt, venture capital, or a combination of these. Use a mortgage calculator found on the Internet and calculate your loan payments. Include these expenses in your Operating Budget. Use the information below to help in your calculations: Building and Construction Estimation* Remodeling Fees $200 per Square Foot New Building Construction Fees $450 per Square Foot *Multiply square footage of small business by fee for estimation.Interest Information 10 Year bank Note (Debt) 7.5% Interest 5 Year Venture Capital Loan 15% InterestExamples of Profit Split for Venture Capital Partnerships* Example 1 Venture Capital Investment 1 $300,000 Cost to Develop Business 1 $1,000,000 Venture Capital Profits 1 30% of Business Profits Example 2 Venture Capital Investment 2 $500,000 Cost to Develop Business 2 $2,000,000 Venture Capital Profits 2 25% of Business Profits *Profit split is commensurate with the ratio of investment.Post your assignment as a Microsoft Word attachment. Please remember to adhere to APA standards for formatting your paper.
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