Abbey Electronic Services

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Electronics Repair Business Plan

Company Summary

Abbey Electronic Services is a start-up business managed by Richard Abbey. The economic growth of Cherry Grove in the last several years has resulted in a revitalized community with numerous new services and businesses. As a result, the area's need for reliable and convenient electrical repair services has substantially risen as well. Abbey Electronic Services will position itself to capitalize on the growing need of the middle- and upper-class market for quality electrical repair service in the metropolitan area. The company will be privately owned by Richard Abbey, with most of the additional funding coming from a ten year SBA loan.

2.1 Start-up Summary

Richard Abbey will invest personal funds. The remainder of the required financing will come from a ten-year Small Business Administration (SBA) loan. The following table and chart show projected initial start-up costs Abbey Electronic Services.

Start-up Funding
Start-up Expenses to Fund $40,800
Start-up Assets to Fund $109,200
Total Funding Required $150,000
Non-cash Assets from Start-up $100,000
Cash Requirements from Start-up $9,200
Additional Cash Raised $0
Cash Balance on Starting Date $9,200
Total Assets $109,200
Liabilities and Capital
Current Borrowing $0
Long-term Liabilities $100,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $100,000
Planned Investment
Richard $50,000
Investor 2 $0
Other $0
Additional Investment Requirement $0
Total Planned Investment $50,000
Loss at Start-up (Start-up Expenses) ($40,800)
Total Capital $9,200
Total Capital and Liabilities $109,200
Total Funding $150,000
Start-up Expenses
Legal $3,000
Stationery etc. $300
Rent $1,000
Start-Up Inventory $15,000
Leased Equipment $1,500
Start-Up Equipment $20,000
Other $0
Total Start-up Expenses $40,800
Start-up Assets
Cash Required $9,200
Other Current Assets $0
Long-term Assets $100,000
Total Assets $109,200
Total Requirements $150,000

2.2 Company Ownership

Abbey Electronic Services is privately owned by Richard Abbey.

Abbey Electronic Services electronics repair business plan company summary. Abbey Electronic Services offers repair of electric and electronic, commercial and household, appliances and audio/visual equipment, both with or without warranty coverage.