Electronics Repair Shop Business Plan

Tucson Electronics

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Company Summary

Tucson Electronics is envisioned to be the low cost leader in TV/DVD/VCR and home stereo repair for the Tucson area that will also be able to eventually provide satellite TV installation/servicing and new electronics sales, making it the local leader in comprehensive electronic sales/services.

The company will be a sole proprietorship registered in the state of Arizona and owned by Mr. James Munroe. The firm will have facilities on 530 W. Prince Ave. The initial facilities will contain a sales area, repair room in the back of the shop, office space and storage for parts and equipment.

The company is seeking a loan in order to finance the start of operations for the company. The owners will be putting up additional capital of their own as equity.

2.1 Start-up Summary

The data obtained for the start-up table comes from research done in the Tucson area with other small electronics shops who have started their own business, in addition to Mr. Munroe's previous experience within the industry. Inflation has been taken into account between the estimates of these fellow business owners (and when they started) and the current prices for expensed items. Much of the equipment to go into the facilities such as tools, are currently owned by Mr. Munroe.

Start-up Funding
Start-up Expenses to Fund $26,300
Start-up Assets to Fund $51,200
Total Funding Required $77,500
Assets
Non-cash Assets from Start-up $15,000
Cash Requirements from Start-up $36,200
Additional Cash Raised $0
Cash Balance on Starting Date $36,200
Total Assets $51,200
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $15,400
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $13,600
Total Liabilities $29,000
Capital
Planned Investment
James Munroe $26,500
Janet Munroe $22,000
Additional Investment Requirement $0
Total Planned Investment $48,500
Loss at Start-up (Start-up Expenses) ($26,300)
Total Capital $22,200
Total Capital and Liabilities $51,200
Total Funding $77,500
Start-up
Requirements
Start-up Expenses
Legal $500
Stationery etc. $200
Advertising $10,000
Phone $200
Insurance $400
Rent $4,000
Utilities $400
Facilities refurbishment $8,000
Computer $2,000
Other $600
Total Start-up Expenses $26,300
Start-up Assets
Cash Required $36,200
Start-up Inventory $3,000
Other Current Assets $8,000
Long-term Assets $4,000
Total Assets $51,200
Total Requirements $77,500
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Start-up Funding
Start-up Expenses to Fund $26,300
Start-up Assets to Fund $51,200
Total Funding Required $77,500
Assets
Non-cash Assets from Start-up $15,000
Cash Requirements from Start-up $36,200
Additional Cash Raised $0
Cash Balance on Starting Date $36,200
Total Assets $51,200
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $15,400
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $13,600
Total Liabilities $29,000
Capital
Planned Investment
James Munroe $26,500
Janet Munroe $22,000
Additional Investment Requirement $0
Total Planned Investment $48,500
Loss at Start-up (Start-up Expenses) ($26,300)
Total Capital $22,200
Total Capital and Liabilities $51,200
Total Funding $77,500
Start-up
Requirements
Start-up Expenses
Legal $500
Stationery etc. $200
Advertising $10,000
Phone $200
Insurance $400
Rent $4,000
Utilities $400
Facilities refurbishment $8,000
Computer $2,000
Other $600
Total Start-up Expenses $26,300
Start-up Assets
Cash Required $36,200
Start-up Inventory $3,000
Other Current Assets $8,000
Long-term Assets $4,000
Total Assets $51,200
Total Requirements $77,500