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HandyMan Stan

Company Summary

HandyMan Stan has been formed as a Minnesota Limited Liability Company (LLC) by Stan Roberts. Stan will be the sole employee and owner of the company. The company will incur certain start-up costs, primarily tools, detailed in the Start-up Summary section.

2.1 Start-up Summary

HandyMan Stan will incur start-up costs associated with the beginning of the business. The following table details the start-up costs as well as indicated the needed capital for initial operations. Stan will be using his personal tools for jobs but will need to purchase the following additional equipment/tools:

  • Assorted plumbing tools including: slip wrenches, snakes, teflon tape, and assorted caps, nuts, and bolts.
  • Electrical tools including: electrical gauge meters, wire cutters, various wires and wire caps, and soldering iron.
  • Painting material including: paint brushes, paint roller, pneumatic paint sprayer, air compressor, sand papers, spackle tools and masking tape.
  • Pressure washer.
  • Various general tools.
  • Assorted power tools (drill, saw, sander, Dremel).
  • Assorted nails, bolts, screws, and fixtures.
  • Laptop with portable printer for mobile invoice printing and submission.
  • Mobile phone.
Handyman maintenance business plan, company summary chart image

Start-up Expenses
Legal $500
Accountant $500
Brochures $250
Insurance $250
Total Start-up Expenses $1,500
Start-up Assets
Cash Required $20,500
Other Current Assets $0
Long-term Assets $8,000
Total Assets $28,500
Total Requirements $30,000
Start-up Funding
Start-up Expenses to Fund $1,500
Start-up Assets to Fund $28,500
Total Funding Required $30,000
Non-cash Assets from Start-up $8,000
Cash Requirements from Start-up $20,500
Additional Cash Raised $0
Cash Balance on Starting Date $20,500
Total Assets $28,500
Liabilities and Capital
Current Borrowing $0
Long-term Liabilities $30,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $30,000
Planned Investment
Investor 1 $0
Other $0
Additional Investment Requirement $0
Total Planned Investment $0
Loss at Start-up (Start-up Expenses) ($1,500)
Total Capital ($1,500)
Total Capital and Liabilities $28,500
Total Funding $30,000

2.2 Company Ownership

Stan Roberts is the founder and owner of HandyMan Stan. The company will remain a one-man operation for the foreseeable future.