Inline Skating Products Business Plan

Pegasus Sports

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Company Summary

Pegasus Sports International was conceived by skaters who can devise practical ideas and designs for in-line skating accessories. Being avid health and fitness advocates, we promote in-line skating as a lifestyle.

Our products make the trip to the local store or coffee shop easier and an enjoyable way to get exercise. This will eliminate the stress of driving in traffic and having to search for parking.

The main problem skaters encounter is poor fit. Lateral ankle support is essential due to the narrow wheel footprint of in-line skates. Because of this, skate boots have to be worn tighter than shoes. We have invented a solution to this problem and are excited about its application to other footwear as well. There is a lack of inexpensive accessory products available. Other needs can be addressed with new products.

2.1 Company Ownership

Pegasus Sports International currently is a Limited Partnership.

Presently, Sal M. Chavez is Chief Executive Officer and owns eighty percent (80%) of the company.

Presently, Sandi M. Arnold is Vice President and owns twenty percent (20%) of the company.

Upon incorporating, Sal M. Chavez and Sandi M. Arnold will change their partnership agreement so Sandi and Sal will divide profits to 45% to Sandi and 55% to Sal.

Ten (10%) of Internet sales will go to Beth Laird, our Web Master and Office Administrator.

2.2 Start-up Summary

Our start-up cost has been $10,000. The money has primarily been for materials for prototypes, product development, trademark acquisition, rental equipment, operating and administrative costs, and establishing a website.

Upon receiving our loan for the first month, we plan on heavy advertising through the Internet, skating publications, and on-site events such as skating races.

The start-up costs are shown in the following tables and illustration.

Start-up Funding
Start-up Expenses to Fund $9,204
Start-up Assets to Fund $11,496
Total Funding Required $20,700
Assets
Non-cash Assets from Start-up $1,500
Cash Requirements from Start-up $9,996
Additional Cash Raised $0
Cash Balance on Starting Date $9,996
Total Assets $11,496
Liabilities and Capital
Liabilities
Current Borrowing $4,500
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $200
Other Current Liabilities (interest-free) $0
Total Liabilities $4,700
Capital
Planned Investment
Paul Neugas $3,000
Garry Waldie $3,000
Mrs. Arnold $2,000
Beth Laird $3,000
Lamiah G. Arnold/Trower $3,000
David S. Chavez $2,000
Additional Investment Requirement $0
Total Planned Investment $16,000
Loss at Start-up (Start-up Expenses) ($9,204)
Total Capital $6,796
Total Capital and Liabilities $11,496
Total Funding $20,700
Start-up
Requirements
Start-up Expenses
Legal $671
Office & Computer Supply $1,453
Advertizing $1,000
Consultants $20
Insurance $0
Rent $2,500
Research and Development $1,827
Expensed Equipment $233
Other $1,500
Total Start-up Expenses $9,204
Start-up Assets
Cash Required $9,996
Start-up Inventory $1,500
Other Current Assets $0
Long-term Assets $0
Total Assets $11,496
Total Requirements $20,700

2.3 Company Locations and Facilities

At present we are located in Venice, California. From our location, we will warehouse, package, and ship our products. We will find a larger site as the business expands.

We have manufacturers lined up to sub-contract our large production jobs. We plan to produce products on a monthly basis to cut our need for large inventory space.

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Start-up Funding
Start-up Expenses to Fund $9,204
Start-up Assets to Fund $11,496
Total Funding Required $20,700
Assets
Non-cash Assets from Start-up $1,500
Cash Requirements from Start-up $9,996
Additional Cash Raised $0
Cash Balance on Starting Date $9,996
Total Assets $11,496
Liabilities and Capital
Liabilities
Current Borrowing $4,500
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $200
Other Current Liabilities (interest-free) $0
Total Liabilities $4,700
Capital
Planned Investment
Paul Neugas $3,000
Garry Waldie $3,000
Mrs. Arnold $2,000
Beth Laird $3,000
Lamiah G. Arnold/Trower $3,000
David S. Chavez $2,000
Additional Investment Requirement $0
Total Planned Investment $16,000
Loss at Start-up (Start-up Expenses) ($9,204)
Total Capital $6,796
Total Capital and Liabilities $11,496
Total Funding $20,700
Start-up
Requirements
Start-up Expenses
Legal $671
Office & Computer Supply $1,453
Advertizing $1,000
Consultants $20
Insurance $0
Rent $2,500
Research and Development $1,827
Expensed Equipment $233
Other $1,500
Total Start-up Expenses $9,204
Start-up Assets
Cash Required $9,996
Start-up Inventory $1,500
Other Current Assets $0
Long-term Assets $0
Total Assets $11,496
Total Requirements $20,700