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Cyclist Repair Center

Company Summary

Cyclist Repair Center has been formed as a Colorado corporation. The company was formed in January 2004 by Arthur Mendosa-Cadiz.

2.1 Company Ownership

Cyclist Repair Center is a privately held corporation. The majority shareholder is Arthur Mendosa-Cadiz. Equity in the corporation has been issued to two investors.

2.2 Start-up Summary

Cyclist Repair Center will require the following equipment and services at start up:

  • Professional service provider fees including legal fees and accounting fees (to set up QuickBooks Pro).
  • Four computer terminals each with Microsoft Office and one computer with QuickBooks Pro. A central file server. The office will be networked and have a broadband Internet connection.
  • Four examination beds.
  • Exercise bicycle.
  • Three CompuTrainers with two computers.
  • Treadmill.
  • Portable ultrasound unit.
  • Various massage equipment.
  • Various medical examining tools.
  • Telephone system.
Sports therapy business plan, company summary chart image

Start-up Expenses
Legal $3,000
Accounting service provider $2,000
Brochures $500
Insurance $1,500
Rent $1,500
Total Start-up Expenses $8,500
Start-up Assets
Cash Required $121,500
Other Current Assets $0
Long-term Assets $22,000
Total Assets $143,500
Total Requirements $152,000
Start-up Funding
Start-up Expenses to Fund $8,500
Start-up Assets to Fund $143,500
Total Funding Required $152,000
Non-cash Assets from Start-up $22,000
Cash Requirements from Start-up $121,500
Additional Cash Raised $0
Cash Balance on Starting Date $121,500
Total Assets $143,500
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
Arthur Mendosa-Cadiz $25,000
Investor 1 $52,000
Investor 2 $45,000
Additional Investment Requirement $0
Total Planned Investment $122,000
Loss at Start-up (Start-up Expenses) ($8,500)
Total Capital $113,500
Total Capital and Liabilities $143,500
Total Funding $152,000