Keith Goforth
La Quinta, CA (USA)
Role(s):
Founder/Owner/Principal
Palm Springs 800 Condominium and Hotel Reservations
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Startup
Location:
La Quinta
Industry:
Real Estate
Year Founded:
1981
Number Employees:
1-10 people
Description:
Company Summary
PS800 is a full service real estate leasing & travel agency that specializes in leisure travel and provides recreational and business travelers with professional service and consultation. PS800 will position itself as a specialist in the field of leisure travel and will generate the majority of its income from this segment.
Company Ownership
PS800 is a general partnership owned and operated by Keith A. Goforth and Chuck Milden in the town of Palm Desert, California. PS800's owner (s) are researching the possibility of establishing PS800 as a Limited Liability Company (LLC) or Partnership (LLP). This may occur within the first eighteen months of operation.
(Re)Start-up Summary - Originated in 1981.
PS800's total start-up capital requirement is approximately $100,000. Start-up will be financed through the efforts of private party investments.
EXPENSES:
These will be rent, office supplies, consultant's fees, insurance, utilities, etc. The largest start-up expense will be for ongoing payroll & advertising.
ASSETS:
Primarily office furnishings, computers, websites and domain names.
INVESTMENT:
The bulk of the investment will come from a Private Investor loan. PS800 has value in place with the computers, furnishings, website and domain alone.
LOANS: A $100,000 loan is being requested at this time...
(Re)Start-up Business - Many years of past success!
Start-up Requirements:
Start-up Expenses
Legal $1199
Bank Checking Account $100
Register of Additional Domain Names $50
Consultancy Fees $5,000
Transfer/Register Hosting(s) $240
Acquire additional business hosting site $500
Bonds and Travel Registrations $1,100
Other $311
Total 1st Day - Start-up Expenses $8,500
Start-up Assets Needed
Cash Balance needed on Starting Date $100,000
Other Current Assets $0
Total Current Assets $0
Long-term Assets $100,000
Total Assets $100,000
Total Requirements $100,000
Funding
Investment
Private Investor Funds $0
Owner Investment $0
Total Investment $0
Current Liabilities
Accounts Payable $0
Current Borrowing $0
Other Current Liabilities $0
Current Liabilities $0
Long-term Liabilities $100,000
Total Liabilities $100,000
Loss at Start-up ($8,500)
Total Capital ($0)
Total Capital and Liabilities $91,500
Company Locations and Facilities
PS800 has identified multiple potential new locations for office space. All locations are in the Palm Springs (Coachella Valley), California, and are between 800 and 1000 sq. ft. Once successfully re-established, PS800 will be one of approximately 30 travel agencies in the greater Coachella Valley area, population 325,000. PS800 will be one of the only local concentration leisure travel specialist in the immediate area.