Premier Airport Transportation Service
Company Summary
Premier Airport Transportation Service, located in Bedford Hts, OH offers an airport transportation service for the greater Cleveland metropolitan area. PATS will offer their service 24 hours a day to most neighborhoods in Cleveland. PATS will be priced less than a limousine service but more than a group shuttle service.
Sam Brougham will be working full time as the dispatcher and back office person. Sam will have four employees.
2.1 Company Ownership
PATS is an Ohio corporation founded and owned by Sam Brougham.
2.2 Start-up Summary
PATS’ start-up costs will include all the equipment needed for the home-based office, legal fees, website creation, and start-up advertising.
The office equipment will be the largest chunk of the start-up expenses. This equipment includes a computer system, fax machine, office supplies. The computer should have at least a 500 megahertz Celeron/ Pentium processor, 64 megabytes of RAM (preferably 128), 6 gigabyte hard drive, and a rewritable CD- ROM for backing up the system. A DSL line will need to be set up as well. PATS will also need some Nextel phones. The advantage of the Nextel phones is it allows two way communication from the base to the cars over cellular frequencies but at a drastically reduced rate.
The office will need some furniture such as a desk, file cabinets. The legal fees are used for the formation of the business as well as for reviewing/generating standard client contracts.

Start-up | |
Requirements | |
Start-up Expenses | |
Legal | $1,000 |
Stationery etc. | $125 |
Brochures | $400 |
Office equipment | $500 |
Website creation | $500 |
Other | $0 |
Total Start-up Expenses | $2,525 |
Start-up Assets | |
Cash Required | $30,975 |
Other Current Assets | $0 |
Long-term Assets | $1,500 |
Total Assets | $32,475 |
Total Requirements | $35,000 |
Start-up Funding | |
Start-up Expenses to Fund | $2,525 |
Start-up Assets to Fund | $32,475 |
Total Funding Required | $35,000 |
Assets | |
Non-cash Assets from Start-up | $1,500 |
Cash Requirements from Start-up | $30,975 |
Additional Cash Raised | $0 |
Cash Balance on Starting Date | $30,975 |
Total Assets | $32,475 |
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 | |
Investor 1 | $35,000 |
Other | $0 |
Additional Investment Requirement | $0 |
Total Planned Investment | $35,000 |
Loss at Start-up (Start-up Expenses) | ($2,525) |
Total Capital | $32,475 |
Total Capital and Liabilities | $32,475 |
Total Funding | $35,000 |