TTR Data Recovery

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Data Recovery Services Business Plan

Company Summary

TTR Data Recovery Technologies is a new company offering recovery solutions for data loss on computers, servers, and any operating media.   The company will focus on three target customers:

  • Value added resellers (VAR);
  • Company IT units;
  • Public institution IT units.

Dan Whitaker is creating TTR Data Recovery Technologies with fifteen years of experience in the field.  His insight and management skill will be instrumental in establishing the company as an industry giant.

TTR Data Recovery Technologies has proprietary recovery technology that is not operation system dependant.  From DOS to Novell to Macintosh to UNIX, the company has the technology and expertise to retrieve critical data.

2.1 Start-up Summary

The start-up cost of TTR Data Recovery Technologies will consist primarily of computer and data restoration equipment. Dan Whitaker will invest $100,000.   A silent partner will invest $150,000. Dan will also secure a $100,000 loan.

The $80,000 in equipment listed in the start-up table is for clean room equipment (air filtering system equipment), data retrieval equipment for hard drives to store recovered data and hardware fixtures to examine and clean hard drives.

Start-up Expenses
Legal $1,000
Stationery etc. $800
Brochures $2,000
Insurance $1,000
Rent $3,000
Expensed Equipment $80,000
Total Start-up Expenses $87,800
Start-up Assets
Cash Required $162,200
Other Current Assets $0
Long-term Assets $100,000
Total Assets $262,200
Total Requirements $350,000
Start-up Funding
Start-up Expenses to Fund $87,800
Start-up Assets to Fund $262,200
Total Funding Required $350,000
Non-cash Assets from Start-up $100,000
Cash Requirements from Start-up $162,200
Additional Cash Raised $0
Cash Balance on Starting Date $162,200
Total Assets $262,200
Liabilities and Capital
Current Borrowing $0
Long-term Liabilities $100,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $100,000
Planned Investment
Dan Whitaker $100,000
Silent Partner $150,000
Additional Investment Requirement $0
Total Planned Investment $250,000
Loss at Start-up (Start-up Expenses) ($87,800)
Total Capital $162,200
Total Capital and Liabilities $262,200
Total Funding $350,000

2.2 Company Ownership

Dan Whitaker, co-owner of TTR Data Recovery Technologies, has been a professional in the field of data recovery for latest fifteen years. The company will be set up as a Limited Partnership.  Dan Whitaker will share ownership with a silent partner.