William’s Environmental is a underground septic tank installation, service and removal business that offers its customers a complete waste control system from start to finish.
William’s Environmental has over twenty five years of experience in the waste management field. Jean William has assembled a team of the area’s top professionals in septic tank installation and replacement. William’s Environmental will also hire a sales person to target the older homes that are eligible for a 40% rebate on septic tank replacement that is being offered by the county.
William’s Environmental is located at 3456 Main St., Munroe, New York. The facility/storage yard is 10,000 square feet and located at the junction of Highways 55 and 102.
2.1 Company Ownership
William’s Environmental will incorporated in New York as a C Corporation. Jean William owns 70% of the company shares. The remaining 30% is owned by the silent partner.
2.2 Start-up Summary
The following is the start-up plan for William’s Environmental. Specialized hand tools will be purchased as part of expensed equipment, while excavating equipment, e.g. backhoe, trailers, dump truck, and powered hoist will be leased, with the intent/option to buy, for the initial years of the plan. These large capital purchases will be deferred until the business is profitably established.
|Total Start-up Expenses||$99,200|
|Other Current Assets||$0|
|Start-up Expenses to Fund||$99,200|
|Start-up Assets to Fund||$110,800|
|Total Funding Required||$210,000|
|Non-cash Assets from Start-up||$30,000|
|Cash Requirements from Start-up||$80,800|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$80,800|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$110,000|
|Loss at Start-up (Start-up Expenses)||($99,200)|
|Total Capital and Liabilities||$110,800|