Flyleaf Books

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Used Book Store Business Plan

Company Summary

Flyleaf will be a limited liability corporation registered in the state of Ohio. The company will be jointly owned by Mr. James Vinck, a former head librarian of the Philadelphia City Library, and his wife Aracela.

Flyleaf Books will be establishing its store in one of the busiest section of Brecksville, an outlying suburb of Cleveland. This area is well know for its upscale residents and high-quality establishments. Our facility is a former 8,000 square ft. furniture store which allows the company to stock a large amount of inventory.

2.1 Company Ownership

Flyleaf will be a limited liability corporation registered in the state of Ohio. The company will be jointly owned by Mr. James Vinck, a former head librarian of the Philadelphia City Library, and his wife Aracela. Due to high start-up costs, the income and dividends to the principals will be limited for at least the first three years of operation.

The company plans to be leveraged through private investment and a limited number of loans. Mr. Vinck is establishing this firm as a growth-oriented endeavor in order to supplement his retirement, continue meeting people with similar interests, and to leave a viable business to his children. Flyleaf Books will be establishing its store at 14539 Greenhouse Ave NW, one of the busiest section of Brecksville, an outlying suburb of Cleveland. This area is well know for its upscale residents and high-quality establishments. Our facility is a former 8,000 square ft. furniture store which allows the company to stock a large amount of inventory. This facility is located in the front of the Loeman's Square strip mall. This is an excellent location since it is across the street from the Twin Towers shopping mall. Other establishments within this strip mall include Fry's Food and Drug, Subway Sandwiches, Boaters World, Michael's Arts and Crafts, Office Depot, and Jared Jewelry. The company expects to begin offering its services in July.

2.2 Start-up Summary

Our start-up expenses come to $178,000, which are largely single time fees associated with opening the store. These costs are financed by both private investment and short- and long-term SBA guaranteed loans.

Start-up
Requirements
Start-up Expenses
Legal $2,400
Pre-sale advertising/marketing $4,000
Land location and finders fee $20,000
Insurance $1,780
Rent $6,000
Expensed Equipment $25,000
Initial store facilities $50,000
Other $3,000
Total Start-up Expenses $112,180
Start-up Assets
Cash Required $33,820
Start-up Inventory $16,000
Other Current Assets $8,000
Long-term Assets $8,000
Total Assets $65,820
Total Requirements $178,000
Start-up Funding
Start-up Expenses to Fund $112,180
Start-up Assets to Fund $65,820
Total Funding Required $178,000
Assets
Non-cash Assets from Start-up $32,000
Cash Requirements from Start-up $33,820
Additional Cash Raised $0
Cash Balance on Starting Date $33,820
Total Assets $65,820
Liabilities and Capital
Liabilities
Current Borrowing $15,000
Long-term Liabilities $75,000
Accounts Payable (Outstanding Bills) $8,000
Other Current Liabilities (interest-free) $10,000
Total Liabilities $108,000
Capital
Planned Investment
Mr. James Vinck $50,000
Mrs. Aracela Vinck $20,000
Additional Investment Requirement $0
Total Planned Investment $70,000
Loss at Start-up (Start-up Expenses) ($112,180)
Total Capital ($42,180)
Total Capital and Liabilities $65,820
Total Funding $178,000

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