Plan Outline
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Aircraft Equipment Maker Business Plan
Stretch 'r Wings
Company Summary
Stretch 'r Wings is a start-up company which provides quality-designed and manufactured medical units for aircraft and helicopters. The business will be located in the Metro, IL area. This area has many advantages for shipping and receiving, including: manpower, access to State University's engineering program, and an abundance of manufacturing space for lease.
2.1 Company Ownership
Stretch 'r Wings will be incorporated. The company will be privately owned by **, who has worked for thirty-four years in the aircraft field. For fourteen years, the owner has designed and manufactured aircraft medical units under the FAA, STC, and PMA.
**Names have been removed for confidentiality.
2.2 Start-up Summary
Stretch 'r Wings' start-up costs will be $82,000. This includes $12,000 for start-up expenses, $60,000 for cash reserve, and $10,000 in shop equipment assets (furnished by the owner). High cash reserves are required to offset the operating expenses before the company reaches its sales targets. The start-up expenses will be covered by the owner, a second investor, and a $20,000, five-year loan from the bank.
| Start-up Funding | |
| Start-up Expenses to Fund | $12,000 |
| Start-up Assets to Fund | $70,000 |
| Total Funding Required | $82,000 |
| Assets | |
| Non-cash Assets from Start-up | $10,000 |
| Cash Requirements from Start-up | $60,000 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $60,000 |
| Total Assets | $70,000 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $20,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $20,000 |
| Capital | |
| Planned Investment | |
| Owner | $35,000 |
| Investor 1 | $27,000 |
| Other | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $62,000 |
| Loss at Start-up (Start-up Expenses) | ($12,000) |
| Total Capital | $50,000 |
| Total Capital and Liabilities | $70,000 |
| Total Funding | $82,000 |
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $1,000 |
| Stationery etc. | $800 |
| Accounting | $600 |
| Jig and Fabricating Equipment | $1,000 |
| Aug. Rent and Security Deposit | $1,050 |
| Research and Development Prototype | $3,000 |
| Aluminum Inventory | $1,000 |
| Software | $500 |
| Engineering Fee - April, May, June, July | $2,500 |
| Other | $550 |
| Total Start-up Expenses | $12,000 |
| Start-up Assets | |
| Cash Required | $60,000 |
| Start-up Inventory | $0 |
| Other Current Assets | $10,000 |
| Long-term Assets | $0 |
| Total Assets | $70,000 |
| Total Requirements | $82,000 |
