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AuctionShipper
Company Summary
AuctionShipper is a new eBay users, Detroit-based shipper who concentrates in auction-based shipping services. AuctionShipper offers the most convenient, inexpensive, environmentally sound shipping service. Through environmentally sound practices such as using only recycled shipping materials, AuctionShipper is able to offer competitive pricing that is easily able to undercut competing services.
2.1 Start-up Summary
AuctionShipper will require the following items for business start-up:
- Cash register;
- Fax machine;
- Computer system with printer, broadband Internet connection, bar code scanner, and assorted software;
- Office furniture;
- Three 5″x20″ counter tops;
- Neon sign;
- Assorted office and packing supplies.
| Start-up Funding | |
| Start-up Expenses to Fund | $6,275 |
| Start-up Assets to Fund | $63,725 |
| Total Funding Required | $70,000 |
| Assets | |
| Non-cash Assets from Start-up | $4,000 |
| Cash Requirements from Start-up | $59,725 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $59,725 |
| Total Assets | $63,725 |
| 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 | $30,000 |
| Investor 2 | $40,000 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $70,000 |
| Loss at Start-up (Start-up Expenses) | ($6,275) |
| Total Capital | $63,725 |
| Total Capital and Liabilities | $63,725 |
| Total Funding | $70,000 |
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $1,000 |
| Stationery etc. | $250 |
| Brochures | $200 |
| Consultants | $2,000 |
| Insurance | $125 |
| Rent | $700 |
| Expensed Equipment | $2,000 |
| Total Start-up Expenses | $6,275 |
| Start-up Assets | |
| Cash Required | $59,725 |
| Other Current Assets | $0 |
| Long-term Assets | $4,000 |
| Total Assets | $63,725 |
| Total Requirements | $70,000 |
2.2 Company Ownership
AuctionShipper is a sole proprietorship owned by John Paacker.