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Posted: April 20th, 2022
Canadian Controlled Private Corporation (CCPC).
Ownership structure of the new business: Canadian Controlled Private Corporation (CCPC). Your team members are the owner/operators of this business.
Your tourism business offer will operate in the Wine Industry. Some info on the industry:
Total size of the industry is about $9 billion in Canada.
Average winery generates about $600,000-$700,000 in revenue annually.
Ownership structure of the new business: Canadian Controlled Private Corporation (CCPC). Your team members are the owner/operators of this business.
The charts on the next page list the start-up costs for a typical winery that produces 5,000 to 15,000 cases annually:
Capital assets
Description Low range High range
Land, Plant, & Office $400,000 $1,200,000
Other Equipment (receiving equipment, cellar equipment, material handling, refrigeration system, fermentation & storage, cooperage [first 3 years], tasting room) $400,000 $800,000
Pre-opening soft costs (costs incurred prior to any revenue earned)
Description Low range High range
Full Time Salaries $100,000 $300,000
Part Time Salaries $5,000 $20,000
Pre-opening marketing, website, public relations $15,000 $25,000
Professional fees (lawyer, accountant, etc.) $5,000 $10,000
Utilities $10,000 $15,000
Insurance $5,000 $15,000
Other (Point of sale technology, other software, etc.) $5,000 $10,000
Working capital
Description Low range High range
Cash reserve $0 $50,000
Grapes (Inventory) $85,000 $250,000
Packaging (Inventory) $125,000 $370,000
Other current assets (supplies, prepaid expenses, tech purchased, etc.) $5,000 $10,000
Financing Options Available
Equity Investment (a potential partner wants 49% of business with max investment of $1,500,000, but will take lower % for less investment)
Short-term loan (up to $250,000 @ 8.25% interest)
Long-term loan (up to $1,500,000 @ 5.5% interest)
Final Question: Which financing source(s) will go towards which start-up cost categories (capital assets, expenses, current assets) above?
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The new company’s ownership structure is a Canadian Controlled Private Corporation (CCPC). This business is owned and operated by your team members.
Your tourism business proposal will work in the wine industry. Some industry information:
In Canada, the industry is worth approximately $9 billion.
The average winery generates $600,000-$700,000 in revenue per year.
The new company’s ownership structure is a Canadian Controlled Private Corporation (CCPC). This business is owned and operated by your team members.
The charts on the following page show the start-up costs for a typical winery producing 5,000 to 15,000 cases per year:
Capital possessions
Low range description
a wide range
$1,200,000 for land, plant, and office
Other Equipment (receiving equipment, cellar equipment, material handling, refrigeration system, fermentation and storage, cooperage [first three years], tasting room)
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