The Two Wheeled Oracle
Company Summary
The Oracle is a bicycle courier service that serves the downtown law firms of Portland, Oregon. The company offers a document delivery service for law firms; documents can be delivered to other law firms, to clients, or filed with the court. The company can offer a scheduled pick up as well as a spontaneous run. Within nine months the business will be profitable.
2.1 Company Ownership
The company will be an Oregon Corporation, owned entirely by Alwy Laate.
2.2 Start-up Summary
Two Wheeled Oracle will incur the following start-up costs:
- Office furniture including: two desks, two chairs, and two file cabinets.
- Two computer systems including a printer, CD-RW, and a broadband Internet connection.
- Three phone lines.
- Fax machine and copier.
- Development of a website that allows delivery orders to be placed online and received every five minutes.
- Legal fees for the incorporation of the business.
- Brochures.
- Nextel cellular phones to be used for communication between mobile units and the base. Nextel is used because it offers a two-way communication function, similar to a two-way radio, over cellular frequencies, but at a significantly reduced rate compared to standard cellular service. Nine handsets will be needed initially.
- Messenger bags with company logo.
| Start-up Funding | |
| Start-up Expenses to Fund | $1,300 |
| Start-up Assets to Fund | $108,700 |
| Total Funding Required | $110,000 |
| Assets | |
| Non-cash Assets from Start-up | $7,500 |
| Cash Requirements from Start-up | $101,200 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $101,200 |
| Total Assets | $108,700 |
| 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 | |
| Alwy | $60,000 |
| Investor 2 | $0 |
| Other | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $60,000 |
| Loss at Start-up (Start-up Expenses) | ($1,300) |
| Total Capital | $58,700 |
| Total Capital and Liabilities | $108,700 |
| Total Funding | $110,000 |
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $1,000 |
| Stationery etc. | $150 |
| Brochures | $150 |
| Consultants | $0 |
| Insurance | $0 |
| Rent | $0 |
| Research and development | $0 |
| Expensed equipment | $0 |
| Other | $0 |
| Total Start-up Expenses | $1,300 |
| Start-up Assets | |
| Cash Required | $101,200 |
| Other Current Assets | $0 |
| Long-term Assets | $7,500 |
| Total Assets | $108,700 |
| Total Requirements | $110,000 |
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