University Telephones

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Telephone Sales Business Plan

Company Summary

University Telephones will offer State University students landline phones, cell phones, and cell phones plans.  Robert Conway, owner of University Telephones, believes the store is the perfect location to capture students as they make crucial purchases at the beginning of each term.

University Telephones will provide students support and convenience second to none.

2.1 Company Ownership

Robert Conway is the sole owner of University Telephones.

2.2 Start-up Summary

Robert will invest $40,000 in University Telephones. He will also secure a $50,000 long-term loan. The following chart and table show projected initial start-up costs for University Telephones.

Start-up
Requirements
Start-up Expenses
Legal $1,000
Insurance $1,000
Rent $2,000
Expensed Equipment $4,000
Total Start-up Expenses $8,000
Start-up Assets
Cash Required $2,000
Start-up Inventory $30,000
Other Current Assets $0
Long-term Assets $50,000
Total Assets $82,000
Total Requirements $90,000
Start-up Funding
Start-up Expenses to Fund $8,000
Start-up Assets to Fund $82,000
Total Funding Required $90,000
Assets
Non-cash Assets from Start-up $80,000
Cash Requirements from Start-up $2,000
Additional Cash Raised $0
Cash Balance on Starting Date $2,000
Total Assets $82,000
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $50,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $50,000
Capital
Planned Investment
Robert Conway $40,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $40,000
Loss at Start-up (Start-up Expenses) ($8,000)
Total Capital $32,000
Total Capital and Liabilities $82,000
Total Funding $90,000

2.3 Company Locations and Facilities

University Telephones is located on 3455 Steward Street.