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Wooderful Floors
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 | |
| Requirements | |
| 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.