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Aircraft Equipment Maker Business Plan

Stretch 'r Wings, Inc.

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Company Summary

2.0 Company Summary

Stretch 'r Wings is a start-up company which provides quality-designed and manufactured medical units for aircraft and helicopters. The business will be located in the Metro, IL area. This area has many advantages for shipping and receiving, including: manpower, access to State University's engineering programme, and an abundance of manufacturing space for lease.

2.1 Company Ownership

Stretch 'r Wings will be incorporated. The company will be privately owned by **, who has worked for thirty-four years in the aircraft field. For fourteen years, the owner has designed and manufactured aircraft medical units under the FAA, STC, and PMA.

**Names have been removed for confidentiality.

2.2 Start-up Summary

Stretch 'r Wings' start-up costs will be £82,000. This includes £12,000 for start-up expenses, £50,000 for cash reserve, £10,000 for stock, and £10,000 in shop equipment assets (furnished by the owner). High cash reserves are required to offset the operating expenses before the company reaches its sales targets. The start-up expenses will be covered by the owner, a second investor, and a £20,000, three-year loan from the bank.

Start-up

Start-up
Requirements
Start-up Expenses
Legal	£1,000
Stationery etc.	£800
Accounting	£600
Jig and Fabricating Equipment	£1,000
Aug. Rent and Security Deposit	£1,050
Research and Development Prototype	£3,000
Aluminum Stock	£1,000
Software	£500
Engineering Fee - April, May, June, July	£2,500
Other	£550
Total Start-up Expenses	£12,000
Start-up Assets Needed
Cash Balance on Starting Date	£50,000
Start-up Stock	£10,000
Other Current Assets	£10,000
Total Current Assets	£70,000
Fixed assets	£0
Total Assets	£70,000
Total Requirements	£82,000
Funding
Investment
Owner	£35,000
Investor 1	£27,000
Other	£0
Total Investment	£62,000
Current Liabilities
Accounts Payable	£0
Current Borrowing	£0
Other Current Liabilities	£0
Current Liabilities	£0
Fixed liabilities	£20,000
Total Liabilities	£20,000
Loss at Start-up	(£12,000)
Total Capital	£50,000
Total Capital and Liabilities	£70,000

Start-up