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HodgePodge Sealcoating Company

Company Summary

HodgePodge Sealcoating Company, soon to be based in Washington, PA, is a sealcoating company that serves the residential market. HodgePodge will based out of a garage with a room attached to serve as the storage facility and office. The truck will be stored in this facility as well as the raw materials. Attached to this space is small room that will serve as the office.

HodgePodge is a seasonal business as a sealcoat cannot be applied when it is too cold or if it is wet. The garage/office set up is located in an industrial area which will lower the rental cost enough so it is not a burden to hold on to the office during the off-season.

2.1 Company Ownership

HodgePodge is a sole proprietorship owned and operated by Dan Slopster.

2.2 Start-up Summary

HodgePodge will incur the following start-up costs:

  • Computer system with CD-RW, printer, Microsoft Office, QuickBooks Pro, and Internet connection.
  • Desk, chair, file cabinet and cellular phone.
  • Pickup truck and gasoline leaf blower.
  • Sealcoating mixer and hot crack filler mixer.
  • Squeegees for sealcoat and crack filler application.
  • Containers for raw ingredient storage and sand (for filling cracks larger than 1/8th inch in depth).
  • Work clothing and water container.

Some items are considered assets to be used for more than a year, and will be labeled long-term assets and will be depreciated using G.A.A.P. approved straight-line depreciation method.

Construction repair business plan, company summary chart image

Start-up Expenses
Legal $200
Stationery etc. $200
Brochures $0
Consultants $0
Insurance $0
Rent $0
Research and Development $0
Expensed Equipment $0
Other $0
Total Start-up Expenses $400
Start-up Assets
Cash Required $28,800
Other Current Assets $0
Long-term Assets $10,800
Total Assets $39,600
Total Requirements $40,000
Start-up Funding
Start-up Expenses to Fund $400
Start-up Assets to Fund $39,600
Total Funding Required $40,000
Non-cash Assets from Start-up $10,800
Cash Requirements from Start-up $28,800
Additional Cash Raised $0
Cash Balance on Starting Date $28,800
Total Assets $39,600
Liabilities and Capital
Current Borrowing $0
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $0
Planned Investment
Dan $40,000
Investor 2 $0
Other $0
Additional Investment Requirement $0
Total Planned Investment $40,000
Loss at Start-up (Start-up Expenses) ($400)
Total Capital $39,600
Total Capital and Liabilities $39,600
Total Funding $40,000