Velocipede/Snowpede Borrow Bank is a bicycle rental company operating in Eugene, OR. VS rents road bikes, mountain bikes, and tandems (two person bicycles) as well as snowshoes. In addition to providing rental equipment, VS offers detailed maps which indicate suggested rides/hikes. While there are other companies that offer rentals, none have as large a selection or as detailed a trail system.
2.1 Start-up Summary
Velocipede/Snowpede Borrow Bank will incur the following start-up costs:
Three tandems, seven road bikes, 10 mountain bikes (five rigid bikes, five suspension bikes). GT will be the manufacturer of the road and mountain bicycles. KHS will manufacture the tandems.
Two repair stands and all of the necessary assorted tools. The stands and tools will be manufactured by Park.
Twenty pairs of snowshoes of assorted sizes (different sizes have different weight capacities as well as different floatation capacities for varying depths of snow).
Twenty pairs of trekking poles.
A computer with a POS terminal and software.
A back-end computer with CD-RW and printer.
Fax machine and copier.
Counters and shelving units.
Office desk and chair.
Please note that the following items which are considered assets to be used for more than a year will be labeled long-term assets and will be depreciated using G.A.A.P. approved straight line depreciation method.
Total Start-up Expenses
Other Current Assets
Start-up Expenses to Fund
Start-up Assets to Fund
Total Funding Required
Non-cash Assets from Start-up
Cash Requirements from Start-up
Additional Cash Raised
Cash Balance on Starting Date
Liabilities and Capital
Accounts Payable (Outstanding Bills)
Other Current Liabilities (interest-free)
Additional Investment Requirement
Total Planned Investment
Loss at Start-up (Start-up Expenses)
Total Capital and Liabilities
2.2 Company Ownership
Velocipede/Snowpede Borrow Bank is a privately held Oregon corporation owned entirely by Dan Jalopee.