Office Equipment Rental Business Plan

House of Projectors

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Company Summary

House of Projectors is an Ohio based company that participates in the office equipment rental industry. More specifically the company, founded by John Laaklytte, rents computer projectors.

2.1 Company Ownership

HOP was founded and is owned by John Laaklytte. The company has been formed as a Limited Liability Corporation as a means of enjoying personal liability protection while avoiding the double taxation effect found with the business formation arrangement of corporations.

2.2 Start-up Summary

HOP has identified the following equipment and services that will be needed as start-up service provider.

  • Attorney fees: An attorney will be used for the business formation and registration as well as review of contracts (such as equipment vendors, and the office lease).
  • Business consultant: Because of the pricey hourly rates, a business consultant while quite useful, will be used sparingly.
  • Four computers, including two laser printers. QuickBooks Pro will be used for accounting software as well as for customer invoicing. ACT! will be used for customer database management as well as for the reservation system.
  • Four desks, chairs, and assorted office/desk supplies.
  • Fax, paper shredder, phone system with five terminals, and hardware based voice mail.
  • Lighting units, shelving units.
  • Website development, brochures, and stationery.
  • Rental stock. Initially twenty-five projector units will be purchased, divided somewhat equally between three different models. Two laptop computers will also be available.
Start-up Funding
Start-up Expenses to Fund $6,900
Start-up Assets to Fund $118,100
Total Funding Required $125,000
Assets
Non-cash Assets from Start-up $50,000
Cash Requirements from Start-up $68,100
Additional Cash Raised $0
Cash Balance on Starting Date $68,100
Total Assets $118,100
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $0
Capital
Planned Investment
Owner $75,000
Investor 2 $50,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $125,000
Loss at Start-up (Start-up Expenses) ($6,900)
Total Capital $118,100
Total Capital and Liabilities $118,100
Total Funding $125,000
Start-up
Requirements
Start-up Expenses
Legal $2,000
Stationery etc. $200
Brochures $200
Consultants $3,000
Insurance $0
Rent $0
Research and Development $0
Website Development $1,500
Other $0
Total Start-up Expenses $6,900
Start-up Assets
Cash Required $68,100
Other Current Assets $0
Long-term Assets $50,000
Total Assets $118,100
Total Requirements $125,000
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Start-up Funding
Start-up Expenses to Fund $6,900
Start-up Assets to Fund $118,100
Total Funding Required $125,000
Assets
Non-cash Assets from Start-up $50,000
Cash Requirements from Start-up $68,100
Additional Cash Raised $0
Cash Balance on Starting Date $68,100
Total Assets $118,100
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $0
Capital
Planned Investment
Owner $75,000
Investor 2 $50,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $125,000
Loss at Start-up (Start-up Expenses) ($6,900)
Total Capital $118,100
Total Capital and Liabilities $118,100
Total Funding $125,000
Start-up
Requirements
Start-up Expenses
Legal $2,000
Stationery etc. $200
Brochures $200
Consultants $3,000
Insurance $0
Rent $0
Research and Development $0
Website Development $1,500
Other $0
Total Start-up Expenses $6,900
Start-up Assets
Cash Required $68,100
Other Current Assets $0
Long-term Assets $50,000
Total Assets $118,100
Total Requirements $125,000