RA Concepts
Company Summary
RA Concepts is a privately-owned, start-up manufacturing firm specializing in new technology in golf equipment. Our customers are in all levels of the golfing world.
RA Concepts will be managed by three executives responsible for administration, marketing, sales, and finance. These executives bring many years of experience in the manufacturing industry to the company. They perceive an opportunity to acquire a share of the golfing industry, and by providing greater precision controls to their products than other competitors. The company will be seeking to raise start-up investment captial. The company will have one manufacturing facility in California. In the long-term, there are expectations of another manufacturing plant in Colorado Springs.
2.1 Start-up Summary
The projected start-up costs during the first month are production related: machinery, equipment needed for the production line, and the raw materials to manufacture products for the expected demand. We have already developed several prototypes for D and V putters which are ready for production, and more innovative designs are in the R&D stages.
| Long Term Assets |
|
| Ford Ranger Edge Super Cab |
$15,715 |
| CNC Machine |
$43,245 |
| Sanding Machines |
$3,200 |
| Total Long Term Assets |
$62,160 |
| Start Up Inventory (for 1000 units) | |
| Sheet material, acrylic and polyester blend stock, assorted colors |
$10,000 |
| Shafts (True Temper) |
$4,950 |
| Grips (Winn) |
$4,950 |
| Head Cover |
$3,950 |
| Ball Markers |
$1,350 |
| Total Start up Inventory (for 1000 units) |
$25,200 |
The start up material is based on one thousand units, so we can take advantage of price breaks and incentives, as in free logo placement on grips and head covers. Based on communications with suppliers and retail businesses, we determined that we will be operational within one month after financing is in place.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $7,200 |
| Stationery etc. | $1,800 |
| Brochures | $1,300 |
| Consultants | $500 |
| Insurance | $300 |
| Rent | $1,100 |
| Research and Development | $350 |
| Expensed Equipment | $2,200 |
| Other | $400 |
| Total Start-up Expenses | $15,150 |
| Start-up Assets | |
| Cash Required | $23,490 |
| Start-up Inventory | $25,200 |
| Other Current Assets | $0 |
| Long-term Assets | $62,160 |
| Total Assets | $110,850 |
| Total Requirements | $126,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | $15,150 |
| Start-up Assets to Fund | $110,850 |
| Total Funding Required | $126,000 |
| Assets | |
| Non-cash Assets from Start-up | $87,360 |
| Cash Requirements from Start-up | $23,490 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $23,490 |
| Total Assets | $110,850 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $116,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $116,000 |
| Capital | |
| Planned Investment | |
| Randy Comstock | $8,000 |
| Alan Comstock | $2,000 |
| Other | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $10,000 |
| Loss at Start-up (Start-up Expenses) | ($15,150) |
| Total Capital | ($5,150) |
| Total Capital and Liabilities | $110,850 |
| Total Funding | $126,000 |
2.2 Company Ownership
RA Concepts is a private partnership owned by:
- Randy Comstock: The designer and head of all manufacturing, research,and the day-to-day operations.
- Alan Comstock: Financial Manager, working with the day-to-day operation.
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