Wooderful Floors

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Hardwood Floor Refinisher Business Plan

Company Summary

Wooderful Floors is a newly formed Pennsylvania-based L.L.C. that offers customers environmentally-sound wood floor refinishing options. The company has been founded by Logan Madison as a start up in January.

2.1 Start-up Summary

Wooderful Floors will require the following start-up equipment:

  • Used van
  • Drum sanders
  • Floor edgers
  • Buffers
  • Circular/palm sanders
  • Putty knives and scrapers
  • Shop vacuum cleaners
  • Ear protection, dust masks, safety goggles
  • Lamb's wool and natural bristle brushes
  • Foam applicators
  • Air compressor
  • Various hand tools
  • Pneumatic nail finisher
  • Computer with Microsoft Office, QuickBooks Pro, a printer, and an Internet connection
Start-up Expenses
Legal $500
Brochures $250
Assorted tools $10,000
Insurance $500
Van $8,000
Website design $650
Total Start-up Expenses $19,900
Start-up Assets
Cash Required $10,100
Other Current Assets $0
Long-term Assets $8,000
Total Assets $18,100
Total Requirements $38,000

2.2 Company Ownership

Wooderful Floors is wholly owned by Logan Madison. The business has been financed by owner investment and a long-term bank loan.