Silicon Freight Brokers
Company Summary
Silicon Freight Brokers, as the name implies, is a freight broker for the silicon chip industry. SFB has two types of customers, buyers and sellers of silicon chips. SFB is establishing relationships with carriers that specialize in this unique cargo. We will offer our customers the highest level of service.
2.1 Start-up Summary
Silicon Freight Brokers’ (SFB) start-up costs include all the equipment needed for an office. Additionally, there will be legal fees, marketing fees, accounting fees, trade association dues, and deposit for the lease.
The largest expense for the office is a computer system. The minimum requirements for this system are: 600 mhz Pentium processor, 128 megabytes RAM, 10 gigabyte hard drive, printer, and CD-RW, Microsoft Office, and an accounting suite. The office will also require a DSL broadband connection, two land-line phones, fax machine, copier machine, and some office furniture.
The legal fees are for corporate formation, and the generation and review of contracts.
The marketing fees are the costs associated with advertisements in industry journals, brochures, and website visibility generation.
The accounting fees are for the services necessary for the formation of the business, while the majority of the accounting after start up will be done in-house with an accounting suite on the computer.
Trade association dues and a deposit for the lease of the office are self explanatory.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $600 |
| Stationery etc. | $200 |
| Website Development | $500 |
| Consultants | $500 |
| Insurance, Licenses | $200 |
| Rent | $450 |
| Copier, Fax, Phones, Office Furniture | $500 |
| Other | $500 |
| Total Start-up Expenses | $3,450 |
| Start-up Assets | |
| Cash Required | $16,350 |
| Other Current Assets | $0 |
| Long-term Assets | $2,200 |
| Total Assets | $18,550 |
| Total Requirements | $22,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | $3,450 |
| Start-up Assets to Fund | $18,550 |
| Total Funding Required | $22,000 |
| Assets | |
| Non-cash Assets from Start-up | $2,200 |
| Cash Requirements from Start-up | $16,350 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $16,350 |
| Total Assets | $18,550 |
| 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 | $20,000 |
| Investor 2 | $2,000 |
| Other | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $22,000 |
| Loss at Start-up (Start-up Expenses) | ($3,450) |
| Total Capital | $18,550 |
| Total Capital and Liabilities | $18,550 |
| Total Funding | $22,000 |
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