Water Tubes Plumbing
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.
|Research and Development||$0|
|Total Start-up Expenses||$350|
|Other Current Assets||$0|
|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|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Friends and family||$20,000|
|Additional Investment Requirement||$0|
|Total Planned Investment||$44,000|
|Loss at Start-up (Start-up Expenses)||($350)|
|Total Capital and Liabilities||$43,650|
2.2 Company Ownership
Water Tubes Plumbing is a sole proprietorship owned by Don Roto.