University Telephones will offer State University students landline phones, cell phones, and cell phones plans. Robert Conway, owner of University Telephones, believes the store is the perfect location to capture students as they make crucial purchases at the beginning of each term.
University Telephones will provide students support and convenience second to none.
2.1 Company Ownership
Robert Conway is the sole owner of University Telephones.
2.2 Start-up Summary
Robert will invest $40,000 in University Telephones. He will also secure a $50,000 long-term loan. The following chart and table show projected initial start-up costs for University Telephones.
|Total Start-up Expenses||$8,000|
|Other Current Assets||$0|
|Start-up Expenses to Fund||$8,000|
|Start-up Assets to Fund||$82,000|
|Total Funding Required||$90,000|
|Non-cash Assets from Start-up||$80,000|
|Cash Requirements from Start-up||$2,000|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$2,000|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$40,000|
|Loss at Start-up (Start-up Expenses)||($8,000)|
|Total Capital and Liabilities||$82,000|
2.3 Company Locations and Facilities
University Telephones is located on 3455 Steward Street.