Reed Properties
Company Summary
Reed properties is a single-agent real estate brokerage that will serve the Richmond Metro area.
2.1 Company Ownership
Reed Properties is owned by Claudia Reed.
2.2 Start-up Summary
The start-up costs are outlined in the following chart. Start-up costs derive from office equipment, computer station complete with software, stationery, legal costs, furnishings, office advertising and services, and expenses associated with opening our office. The start-up costs are to be financed by direct owner investment. The assumptions are shown in the following table and chart. Lease office space averages $1.10-1.60 per square foot to equal an approximate of $1,500 per month, plus utilities, for efficient leased office space. Commercial lease will be for a three to five year agreement with the first month and a security deposit equal to the monthly lease rate payable at the time of lease start date.
| Start-up Funding | |
| Start-up Expenses to Fund | $15,050 |
| Start-up Assets to Fund | $9,950 |
| Total Funding Required | $25,000 |
| Assets | |
| Non-cash Assets from Start-up | $0 |
| Cash Requirements from Start-up | $9,950 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $9,950 |
| Total Assets | $9,950 |
| 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 | |
| Claudia Reed | $25,000 |
| Investor 2 | $0 |
| Other | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $25,000 |
| Loss at Start-up (Start-up Expenses) | ($15,050) |
| Total Capital | $9,950 |
| Total Capital and Liabilities | $9,950 |
| Total Funding | $25,000 |
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $900 |
| Stationery etc. | $500 |
| Brochures | $1,000 |
| Advertising | $2,500 |
| Insurance | $200 |
| Rent | $3,000 |
| Answering Service | $200 |
| Utilities Start Up | $250 |
| Office Furnishings | $1,000 |
| Expensed Equipment | $3,000 |
| Business Software | $2,000 |
| Office Supplies | $500 |
| Other | $0 |
| Total Start-up Expenses | $15,050 |
| Start-up Assets | |
| Cash Required | $9,950 |
| Other Current Assets | $0 |
| Long-term Assets | $0 |
| Total Assets | $9,950 |
| Total Requirements | $25,000 |
2.3 Company Locations and Facilities
Reed Properties will be located downtown in the new Richmond Bank Building.
By 
