Eagle Computers
Company Summary
Eagle Computers will sell and service IBM-compatible computers to the West Hawaii community. It will also offer custom-built computers, networking solutions, and in-store computer stations where customers can buy time to browse the Internet, check e-mail, and download their digital photos from their camera memory cards onto discs. What will set Eagle Computers apart from the competition is providing our customers all this in one convenient location, our dedication to excellent customer service, and an expedient turn-around time on repairs.
2.1 Company Ownership
Eagle Computers will be created as an Hawaii Limited Liability Company (LLC) based in Hawaii County, and privately co-owned by Jim Johnson and his wife, Judy Johnson. Jim has 13 years experience in the computer industry. He was co-owner of Eagle Computers in Phoenix Arizona until he moved out of Arizona to live in Hawaii. Jim is a computer technician and also has many years of management and retail experience.
Judy Johnson has 5 years of experience in the information technology industry. She was most recently employed by Wilmer Communications, which is a nationwide provider of DSL service (high speed Internet access). Judy also has management experience and extensive retail experience.
2.2 Start-up Summary
The start-up costs are to be financed by the direct owner investment. The cost, expense, and investment details are included in the following tables and chart.
| Start-up Funding | |
| Start-up Expenses to Fund | $7,975 |
| Start-up Assets to Fund | $12,025 |
| Total Funding Required | $20,000 |
| Assets | |
| Non-cash Assets from Start-up | $10,000 |
| Cash Requirements from Start-up | $2,025 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $2,025 |
| Total Assets | $12,025 |
| 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 | |
| Jim & Judy Johnson | $20,000 |
| Investor 2 | $0 |
| Other | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $20,000 |
| Loss at Start-up (Start-up Expenses) | ($7,975) |
| Total Capital | $12,025 |
| Total Capital and Liabilities | $12,025 |
| Total Funding | $20,000 |
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Business License & Legal | $1,200 |
| Stationery etc. | $100 |
| Brochures | $25 |
| Consultants | $0 |
| Insurance | $150 |
| Rent | $0 |
| Rental Deposit | $1,300 |
| Research and Development | $0 |
| Expensed Equipment | $0 |
| Display Shelving * | $500 |
| Display for Custom-built Systems | $400 |
| Display Cabinet * | $450 |
| Main Store Sign | $75 |
| Store Signs for Windows | $125 |
| Installed Security System | $1,200 |
| Storage Shelving for Inventory | $50 |
| Workstations (4) | $200 |
| Workstation Monitors (4) | $400 |
| 2 Additional Circuits for 4 Total Outlets | $600 |
| Carpet | $1,100 |
| Painting | $100 |
| Other | $0 |
| Total Start-up Expenses | $7,975 |
| Start-up Assets | |
| Cash Required | $2,025 |
| Start-up Inventory | $10,000 |
| Other Current Assets | $0 |
| Long-term Assets | $0 |
| Total Assets | $12,025 |
| Total Requirements | $20,000 |
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