Security First Shredding

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Document Shredding Business Plan

Company Summary

Security First Shredding is a professional paper shredding company, providing the most secure, efficient, simple and cost effective plan available for destroying a company's confidential information. Security First Shredding provides complete on-site and off-site document destruction services.  The company will be organized as a limited partnership.

Security First Shredding has an 8,000 square foot facility located in the Westside Industrial Park.  The park anchors the industrial section of the city and is within easy access of 80% of the potential customers.

2.1 Start-up Summary

The start-up expenses for the Security First Shredding is focused primarily on disposal equipment, disposal bins, and disposal trucks.  Janet Wilson and the silent partner will each make substantial investments in the company.  In addition, Wilson will secure a long-term loan business loan.

Start-up Funding
Start-up Expenses to Fund $249,600
Start-up Assets to Fund $80,400
Total Funding Required $330,000
Assets
Non-cash Assets from Start-up $0
Cash Requirements from Start-up $80,400
Additional Cash Raised $0
Cash Balance on Starting Date $80,400
Total Assets $80,400
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $100,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $100,000
Capital
Planned Investment
Janet Wilson $80,000
Silent Partner $150,000
Additional Investment Requirement $0
Total Planned Investment $230,000
Loss at Start-up (Start-up Expenses) ($249,600)
Total Capital ($19,600)
Total Capital and Liabilities $80,400
Total Funding $330,000
Start-up
Requirements
Start-up Expenses
Legal $2,000
Stationery etc. $600
Brochures $4,000
Insurance $1,000
Rent $2,000
Disposal Trucks $110,000
Disposal Bins $50,000
Disposal Equipment $80,000
Total Start-up Expenses $249,600
Start-up Assets
Cash Required $80,400
Other Current Assets $0
Long-term Assets $0
Total Assets $80,400
Total Requirements $330,000

2.2 Company Ownership

Security First Shredding is owned by Janet Wilson and a silent partner.