Wheelie Deals

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Wholesale Bicycle Distributor Business Plan

Company Summary

Wheelie Deals is a wholesale distributor of closeout bicycle parts.  The warehouse is based in Albany, Oregon.  Wheelie Deals services the national retail bicycle industry with manufacturer closeouts, seconds, and last-year model bicycle parts and components.

2.1 Start-up Summary

Wheelie Deals will incur the following start-up costs:

  • Pallet racking.
  • Pallets.
  • Pallet truck.
  • Pallet shelving.
  • Forklift (used).
  • Three computer systems including CD-RW, printer, DSL connection, Microsoft Office, and QuickBooks Pro.
  • Three desks and chairs.
  • File cabinets.
  • Three phone lines.

Please note that the following items which are considered assets to be used for more than a year will labeled long-term assets and will be depreciated using G.A.A.P. approved straight-line depreciation method.

Start-up
Requirements
Start-up Expenses
Legal $1,000
Stationery etc. $100
Brochures $200
Other $0
Total Start-up Expenses $1,300
Start-up Assets
Cash Required $28,950
Start-up Inventory $10,000
Other Current Assets $0
Long-term Assets $24,750
Total Assets $63,700
Total Requirements $65,000
Start-up Funding
Start-up Expenses to Fund $1,300
Start-up Assets to Fund $63,700
Total Funding Required $65,000
Assets
Non-cash Assets from Start-up $34,750
Cash Requirements from Start-up $28,950
Additional Cash Raised $0
Cash Balance on Starting Date $28,950
Total Assets $63,700
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
Dan $15,000
Friends and family $40,000
Other $0
Additional Investment Requirement $10,000
Total Planned Investment $65,000
Loss at Start-up (Start-up Expenses) ($1,300)
Total Capital $63,700
Total Capital and Liabilities $63,700
Total Funding $65,000

2.2 Company Ownership

Wheelie Deals is an privately held Oregon corporation founded and owned by Dan Psycle.