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Adventure Travel International
Company Summary
ATI is a full service travel agency that specializes in adventure travel and provides recreational and business travelers with professional service and consultation. ATI will position itself as a specialist in the field of adventure travel and will generate the majority of its income from this segment.
2.1 Start-up Summary
ATI’s total start-up capital requirement is approximately $103,000. Start-up will be financed through the owner’s personal investment and a long-term note secured from the Woodville First National Bank. Start-up details are located in Table 1.
- EXPENSES: These will be rent, office supplies, consultant’s fees, insurance, utilities, etc. The largest start-up expense will be for computers.
- ASSETS: Primarily cash and computers.
- INVESTMENT: The bulk of the investment will come from a loan from Shea Delaney’s personal savings.
- LOANS: An $85,000 loan has been secured from Woodville First National Bank.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $550 |
| Stationery etc. | $500 |
| Brochures | $1,000 |
| Consultants | $2,000 |
| Insurance | $400 |
| Rent | $2,625 |
| Equipment | $16,000 |
| Other | $500 |
| Total Start-up Expenses | $23,575 |
| Start-up Assets | |
| Cash Required | $35,000 |
| Other Current Assets | $17,500 |
| Long-term Assets | $26,925 |
| Total Assets | $79,425 |
| Total Requirements | $103,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | $23,575 |
| Start-up Assets to Fund | $79,425 |
| Total Funding Required | $103,000 |
| Assets | |
| Non-cash Assets from Start-up | $44,425 |
| Cash Requirements from Start-up | $35,000 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $35,000 |
| Total Assets | $79,425 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $85,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $85,000 |
| Capital | |
| Planned Investment | |
| Owner | $18,000 |
| Investor | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $18,000 |
| Loss at Start-up (Start-up Expenses) | ($23,575) |
| Total Capital | ($5,575) |
| Total Capital and Liabilities | $79,425 |
| Total Funding | $103,000 |
2.2 Company Ownership
ATI is a sole proprietorship owned and operated by Shea Delaney in the town of Atkins Grove, California. ATI’s owner is researching the possibility of establishing ATI as a Limited Liability Company (LLC) or Partnership (LLP). This may occur within eighteen months of operation.
2.3 Company Locations and Facilities
ATI has identified three potential locations for office space. All potential locations are in the town of Atkins Grove, California, and are between 800 and 1000 sq. ft. Once successfully established, ATI will be one of approximately 30 travel agencies in the greater Woodville area, population 325,000. ATI will be the only adventure travel specialist in the immediate area.