The Two Wheeled Oracle

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Bicycle Courier Business Plan

Company Summary

The Oracle is a bicycle courier service that serves the downtown law firms of Portland, Oregon. The company offers a document delivery service for law firms; documents can be delivered to other law firms, to clients, or filed with the court. The company can offer a scheduled pick up as well as a spontaneous run. Within nine months the business will be profitable.

2.1 Company Ownership

The company will be an Oregon Corporation, owned entirely by Alwy Laate.

2.2 Start-up Summary

Two Wheeled Oracle will incur the following start-up costs:

  • Office furniture including: two desks, two chairs, and two file cabinets.
  • Two computer systems including a printer, CD-RW, and a broadband Internet connection.
  • Three phone lines.
  • Fax machine and copier.
  • Development of a website that allows delivery orders to be placed online and received every five minutes.
  • Legal fees for the incorporation of the business.
  • Brochures.
  • Nextel cellular phones to be used for communication between mobile units and the base. Nextel is used because it offers a two-way communication function, similar to a two-way radio, over cellular frequencies, but at a significantly reduced rate compared to standard cellular service. Nine handsets will be needed initially.
  • Messenger bags with company logo.
Start-up Funding
Start-up Expenses to Fund $1,300
Start-up Assets to Fund $108,700
Total Funding Required $110,000
Non-cash Assets from Start-up $7,500
Cash Requirements from Start-up $101,200
Additional Cash Raised $0
Cash Balance on Starting Date $101,200
Total Assets $108,700
Liabilities and Capital
Current Borrowing $0
Long-term Liabilities $50,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $50,000
Planned Investment
Alwy $60,000
Investor 2 $0
Other $0
Additional Investment Requirement $0
Total Planned Investment $60,000
Loss at Start-up (Start-up Expenses) ($1,300)
Total Capital $58,700
Total Capital and Liabilities $108,700
Total Funding $110,000
Start-up Expenses
Legal $1,000
Stationery etc. $150
Brochures $150
Consultants $0
Insurance $0
Rent $0
Research and development $0
Expensed equipment $0
Other $0
Total Start-up Expenses $1,300
Start-up Assets
Cash Required $101,200
Other Current Assets $0
Long-term Assets $7,500
Total Assets $108,700
Total Requirements $110,000