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Water Tubes Plumbing

Company Summary

Water Tubes Plumbing, soon to be located in Eugene, OR, will offer plumbing services for residential new houses as well as custom new houses. The business will be based out of Don Roto’s house. Water Tubes will have four employees by the end of the year.

2.1 Start-up Summary

Water Tubes will require the following equipment and materials:

  • Two trucks (used) fitted with a pipe rack on top.
  • Assorted pipes (different diameters and materials).
  • Assorted fittings.
  • A 30 gallon bucket to store fittings.
  • Pipe wrenches.
  • Reciprocating saw.
  • Circular saw.
  • Whole hog (high torque right angle drill).
  • Cordless screw gun.
  • Propane torch.
  • Cast iron pipe cutter.
  • Extension cords.
  • Pipe dope (Teflon tape in paste form).
  • Computer with CD-RW, printer, Microsoft Office, QuickBooks Pro.
  • Desk, chair, and filling cabinet, and assorted stationary.
  • Mobile phone.

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

Start-up Expenses
Legal $200
Stationery etc. $150
Brochures $0
Consultants $0
Insurance $0
Rent $0
Research and Development $0
Expensed Equipment $0
Other $0
Total Start-up Expenses $350
Start-up Assets
Cash Required $19,650
Other Current Assets $0
Long-term Assets $24,000
Total Assets $43,650
Total Requirements $44,000
Start-up Funding
Start-up Expenses to Fund $350
Start-up Assets to Fund $43,650
Total Funding Required $44,000
Non-cash Assets from Start-up $24,000
Cash Requirements from Start-up $19,650
Additional Cash Raised $0
Cash Balance on Starting Date $19,650
Total Assets $43,650
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
Don $24,000
Friends and family $20,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $44,000
Loss at Start-up (Start-up Expenses) ($350)
Total Capital $43,650
Total Capital and Liabilities $43,650
Total Funding $44,000

2.2 Company Ownership

Water Tubes Plumbing is a sole proprietorship owned by Don Roto.