SpazaHub — Funding Requirements and Use of Proceeds
12.1 Capital Structure
Section 12 · Business Plan
Funding Requirements and Use of Proceeds
12.1 Capital Structure
Total Investment Required
ZAR 800,000
Funded 30% founder equity, 30% investor equity (ordinary shares, 45% target IRR) and 40% term loan from a bank or DFI.
12.1 Capital Structure
| Funding Source | Amount (ZAR) | % of Total | Terms |
|---|---|---|---|
| Founder Equity | 240,000 | 30% | Sweat equity + cash |
| Investor Equity | 240,000 | 30% | Ordinary shares, 45% target IRR |
| Term Loan (Bank / DFI) | 320,000 | 40% | 5-year, Prime + 3% |
| TOTAL | 800,000 | 100% |
12.2 Use of Proceeds
Figure
| Use of Funds | Amount (ZAR) | % of Total |
|---|---|---|
| Initial inventory (opening stock) | 220,000 | 27.5% |
| Shop fit-out, shelving & counter | 180,000 | 22.5% |
| Working capital (6-month buffer) | 150,000 | 18.8% |
| Refrigeration & equipment | 120,000 | 15.0% |
| Technology & POS systems | 60,000 | 7.5% |
| Marketing & signage | 40,000 | 5.0% |
| Licensing, legal & registration | 30,000 | 3.8% |
| TOTAL | 800,000 | 100% |
12.3 Investor Returns
| Return Metric | Base Case |
|---|---|
| Target IRR (5-year) | 45% |
| Payback Period | 2.6 years |
| MOIC | 3.8x |
| Cumulative Dividends (5 years) | ZAR 650,000 |
| Exit Value (Year 5, 5x EBITDA) | ZAR 16.0M |
| Investor Share (30% equity) | ZAR 4.8M |
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