Recycled Riding Dreams
Company Summary
Recycled Riding Dreams will offer quality used motorcycles and motorcycle parts to a growing market of motorcycling hobbyists. The shop will purchase used and damaged bikes as well as used motorcycle parts.
2.1 Company Ownership
Recycled Riding Dreams is owned by Brian Jefferson.
2.2 Start-up Summary
Brian Jefferson will invest $55,000 in Recycled Riding Dreams. Brian will also secure a $20,000 loan. The initial inventory for Recycled Riding Dreams will be $45,000. The focus of this inventory will be on engine and electrical parts. The source of these parts are motorcycle hobbyists who sell the parts in order to purchase upgrade parts for their own motorcycles.
The following table and chart show projected initial start-up costs for Recycled Riding Dreams.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $1,000 |
| Stationery etc. | $200 |
| Insurance | $500 |
| Rent | $1,300 |
| Display Equipment | $3,000 |
| Expensed Equipment | $5,000 |
| Total Start-up Expenses | $11,000 |
| Start-up Assets | |
| Cash Required | $4,000 |
| Start-up Inventory | $45,000 |
| Other Current Assets | $0 |
| Long-term Assets | $15,000 |
| Total Assets | $64,000 |
| Total Requirements | $75,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | $11,000 |
| Start-up Assets to Fund | $64,000 |
| Total Funding Required | $75,000 |
| Assets | |
| Non-cash Assets from Start-up | $60,000 |
| Cash Requirements from Start-up | $4,000 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $4,000 |
| Total Assets | $64,000 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $20,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $20,000 |
| Capital | |
| Planned Investment | |
| Brian Jefferson | $55,000 |
| Other | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $55,000 |
| Loss at Start-up (Start-up Expenses) | ($11,000) |
| Total Capital | $44,000 |
| Total Capital and Liabilities | $64,000 |
| Total Funding | $75,000 |
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