FireRescue Depot
Company Summary
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 | |
| Requirements | |
| Start-up Expenses | |
| Legal | $2,000 |
| Stationery etc. | $500 |
| Brochures | $1,000 |
| Consultants | $3,000 |
| Website development | $15,000 |
| Total Start-up Expenses | $21,500 |
| Start-up Assets | |
| 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 |
| Assets | |
| 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 and Capital | |
| 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.
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