Plan Outline
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Sports Therapy Business Plan
Cyclist Repair Center
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Company Summary
Cyclist Repair Center has been formed as a Colorado corporation. The company was formed in January 2004 by Arthur Mendosa-Cadiz.
2.1 Company Ownership
Cyclist Repair Center is a privately held corporation. The majority shareholder is Arthur Mendosa-Cadiz. Equity in the corporation has been issued to two investors.
2.2 Start-up Summary
Cyclist Repair Center will require the following equipment and services at start up:
- Professional service provider fees including legal fees and accounting fees (to set up QuickBooks Pro).
- Four computer terminals each with Microsoft Office and one computer with QuickBooks Pro. A central file server. The office will be networked and have a broadband Internet connection.
- Four examination beds.
- Exercise bicycle.
- Three CompuTrainers with two computers.
- Treadmill.
- Portable ultrasound unit.
- Various massage equipment.
- Various medical examining tools.
- Telephone system.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $3,000 |
| Accounting service provider | $2,000 |
| Brochures | $500 |
| Insurance | $1,500 |
| Rent | $1,500 |
| Total Start-up Expenses | $8,500 |
| Start-up Assets | |
| Cash Required | $121,500 |
| Other Current Assets | $0 |
| Long-term Assets | $22,000 |
| Total Assets | $143,500 |
| Total Requirements | $152,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | $8,500 |
| Start-up Assets to Fund | $143,500 |
| Total Funding Required | $152,000 |
| Assets | |
| Non-cash Assets from Start-up | $22,000 |
| Cash Requirements from Start-up | $121,500 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $121,500 |
| Total Assets | $143,500 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $30,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $30,000 |
| Capital | |
| Planned Investment | |
| Arthur Mendosa-Cadiz | $25,000 |
| Investor 1 | $52,000 |
| Investor 2 | $45,000 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $122,000 |
| Loss at Start-up (Start-up Expenses) | ($8,500) |
| Total Capital | $113,500 |
| Total Capital and Liabilities | $143,500 |
| Total Funding | $152,000 |
