FireRescue Depot is an S Corporation, registered and located in Chicago, IL.
Start-up Summary
FireRescue Depot has identified the type of equipment, and the start-up costs of the organization. The start-up expenditures will allow FireRescue Depot to open a small showroom for their equipment, launch a comprehensive eCommerce website, and have the necessary office support.
- Office furniture- enough for five workstations.
- Computer system- five workstations and one central file server. A laser printer, digital camera, scanner, and a broadband Internet connection will also be used. Needed software will be Business Plan Pro, Microsoft Office, and QuickBooks Pro.
- Copier and fax machine.
- Assorted furniture for the showroom.
- Storage shelving units.
- Assorted professional service providers fees including business, legal and accounting providers.
- Website development.
- Inventory for showroom.
| Start-up |
|
|
| Legal |
£2,000 |
| Stationery etc. |
£500 |
| Brochures |
£1,000 |
| Consultants |
£3,000 |
| Website development |
£15,000 |
| Total Start-up Expenses |
£21,500 |
|
|
| Cash Required |
£62,000 |
| Other Current Assets |
£6,500 |
| Long-term Assets |
£35,000 |
| Total Assets |
£103,500 |
|
|
| Total Requirements |
£125,000 |
| Start-up Funding |
| Start-up Expenses to Fund |
£21,500 |
| Start-up Assets to Fund |
£103,500 |
| Total Funding Required |
£125,000 |
|
|
| Non-cash Assets from Start-up |
£41,500 |
| Cash Requirements from Start-up |
£62,000 |
| Additional Cash Raised |
£10,000 |
| Cash Balance on Starting Date |
£72,000 |
| Total Assets |
£113,500 |
|
|
|
|
|
|
| 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 |
|
| Investor 1 |
£75,000 |
| Investor 2 |
£35,000 |
| Investor 3 |
£25,000 |
| Additional Investment Requirement |
£0 |
| Total Planned Investment |
£135,000 |
|
|
| Loss at Start-up (Start-up Expenses) |
(£21,500) |
| Total Capital |
£113,500 |
|
|
|
|
| Total Capital and Liabilities |
£113,500 |
|
|
| Total Funding |
£135,000 |
Company Ownership
FireRescue Depot's main shareholder in the S Corporation is Steve Dalmatian.