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Executive Summary Speedway unlike a typical cafe will provide a unique forum for communication and entertainment through the medium of the Internet Speedway is the answer to an increasing demand The public wants 1 access to the methods of communication and volumes of information now available on the Internet and 2 access at a cost they can afford and in such a way that they arent socially economically or politically isolated Speedways goal is to provide the community with a social educational entertaining atmosphere for worldwide communication This business plan is prepared to obtain financing in the amount of 24000 The supplemental financing is required to begin work on site preparation and modifications equipment purchases and to cover expenses in the first year of operations Additional financing has already been secured in the form of 1 24000 from the Manchester NH Economic Development Fund 2 19000 of personal savings from owner Ali Naqvi 3 36000 from three investors 4 and 9290 in the form of short-term loans Speedway will be incorporated as an LLC corporation This will shield the owner Ali Naqvi and the three outside investors Nasir Rafiq Rizwan Raza and Waheed Hameed from issues of personal liability and double taxation The investors will be treated as shareholders and therefore will not be liable for more than their individual personal investment of 12000 each The financing in addition to the capital contributions from the owner shareholders and the Manchester NH Economic Development Fund will allow Speedway to successfully open and maintain operations through year one The large initial capital investment will allow Speedway to provide its customers with a full featured Internet cafe A unique upscale and innovative environment is required to provide the customers with an atmosphere that will spawn socialization Successful operation in year one will provide Speedway with a customer base that will allow it to be self sufficient in year two Objectives Speedways objectives for the first
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