WorkChairs

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Office Furniture Store Business Plan

Company Summary

WorkChairs is a small business based in Studio City, CA that sells specialty ergonomic products to local businesses and home office workers while also selling those products on their website online. The company is operated out of the home of owners Jake and Lisa Wilson. Their son Peter also is part of the company.

2.1 Company Ownership

Workchairs is a private C corporation owned by Jake and Lisa Wilson. They each own 50% of the company.

2.2 Start-up Summary

WorkChairs will require total start-up expenses which include legal fees in setting up the business, stationery, sales brochures and collateral, insurance, expensed computer equipment, and a domain name.

Jake and Lisa Wilson will be providing the investment which will cover the start-up expenses while also leaving a cash reserve. We have no start-up liabilities to be considered in our start-up phase. We will purchase examples of our products, as Current Assets, for customers to test-sit, but we will have very little inventory on hand.

Start-up
Requirements
Start-up Expenses
Legal $1,000
Stationery etc. $250
Brochures $1,000
Insurance $500
Expensed Equipment $1,000
Domain Name $75
Total Start-up Expenses $3,825
Start-up Assets
Cash Required $6,175
Other Current Assets $2,000
Long-term Assets $0
Total Assets $8,175
Total Requirements $12,000
Start-up Funding
Start-up Expenses to Fund $3,825
Start-up Assets to Fund $8,175
Total Funding Required $12,000
Assets
Non-cash Assets from Start-up $2,000
Cash Requirements from Start-up $6,175
Additional Cash Raised $0
Cash Balance on Starting Date $6,175
Total Assets $8,175
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
Jake and Lisa Wilson $12,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $12,000
Loss at Start-up (Start-up Expenses) ($3,825)
Total Capital $8,175
Total Capital and Liabilities $8,175
Total Funding $12,000