Safe Keeping has been developed through much research and effort to address public concern with property protection. Owner John Walter has developed a unique approach to home security. Having worked in law enforcement for over twenty years, the last five as a commander for the burglary unit of the Eugene Police Department, John understands the need for business and home security.
Safe Keeping will go into homes and businesses to make a video tape record of all the belongings in that business and residence. We will also act as consultants advising people about how they can better protect their property with on-site inspections. Safe Keeping will make a copy of the video for each customer and will have one on file at our business location. Our start up costs will be $4,000.
2.1 Start-up Summary
Our start up expenses come to $4,000 which includes rent for $500, the printing of brochures for initial distribution, and the purchase of a video camera at the cost of $1,000. The start-up costs will be owner-financed by John Walter.
|Total Start-up Expenses||$4,000|
|Other Current Assets||$0|
|Start-up Expenses to Fund||$4,000|
|Start-up Assets to Fund||$21,000|
|Total Funding Required||$25,000|
|Non-cash Assets from Start-up||$0|
|Cash Requirements from Start-up||$21,000|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$21,000|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$25,000|
|Loss at Start-up (Start-up Expenses)||($4,000)|
|Total Capital and Liabilities||$21,000|
2.2 Company Ownership
John Walter is the sole proprietor of Safe Keeping Co. John has worked in law enforcement for over twenty years and has spent the last five years with the burglary unit of the Eugene Police Dept. as commander.