Sole Proprietorship: Luke Nugent

Business Description

Products/Services

• Plumbing and Drain cleaning services• Copper Pipe Instillation and Repair• Faucets, and Fixtures Instillation and Repair• Gas Pipes Instillation and Repair• Septic Line Instillation and Repair• Water Heater Instillation and Repair• Water Pipe Instillation and Repair• Wells and Water Treatment

Hours of Operation

• Mon- Sat: 24 hours a day, seven days a week for maintenance calls (emergencies)

• Mon-Fri: 8 a.m. to 4 p.m. for installation (appointment needed)

• Why?-Help me compete with competitors

Location• 4318 Bryant Road, Allison Park, PA 15101

• 20,400 Sq. Ft. Warehouse

• Lease for $6/SF/Year- $120,000 (20,000 Sq. Ft.)

• Features: Drive in doors, Climate controlled, 15 to 16 foot ceilings, owner will build to suit

• Bonus: Two miles from Route 8 (Hampton) and close to McKnight Road

Consultants Needed/ Licenses

• Accountant• Lawyer• Insurance Agency

• Business License• Plumbers License• Retail License

Personal Skills and Experience

• Associates Degree in Business

• Certified Master Plumber

• Organized- Have a planner and I am a neat person

• Great with People- Very social and Outgoing

Employees Needed

• Master Plumber (Me)-1

• Plumber (Assistant)- 1

• Plumber (On-Call)-3

Monthly Salary

• Master Plumber- $6,250

• Assistant Plumber- $4,500

• On-Call Plumbers(3)- $4,500

Total Monthly Salary- $24,250

Job Specification Form

Company: Nugent Plumbing Department: N/AJob Title: Plumbers assistant Rate of Pay: From $15 to $25 HrSupervisors Job Title: Master Plumber (Owner, Luke Nugent)

Qualifications

Education: Certified Plumber (at least two years of trade school)Experience: Minimum of 5 Years working with Certified PlumberPhysical Requirements: Must pass Physical and Drug TestSpecific Skills or Abilities Required: Able to Maintain and Install Plumbing Systems (Pass Knowledge Test given by Owner)Training Provided: Teach Payment System and Basic Operation Ways

Job Requirements

Major Job Tasks: Assistant PlumberSpecific Job Duties: •On-Call Service (home to home maintenance)•Assist Master Plumber (Help install new construction and plumbing systems)•Install Plumbing Systems

Number of Work Hours Required per Week:Maximum: 40 hours Minimum: 25 hours

Normal Work Schedule:Daily: On-Call; 8am to 4 pm (When Needed)Weekly: Monday thru Sunday

Employee Benefits Provided:Vacation: 1 Week Paid Vacation; 2 Weeks Unpaid; Holidays: OffInsurance: Health Insurance

Hiring Process

• Place Job Opening in:– Yellow Pages– Vocational Schools/ Trade Schools– The Union

– Look through Applications– Interview Potential Employees– Select Employee

Competition

• Mr. Rooter Plumbing

• Gillece Plumbing

• Terry’s Plumbing

• Roto-Rooter Plumbing

• A couple smaller local Plumbing Businesses

Why Will I Be Successful?• Plumbers are always in need

• Offer around the clock service- 24 hr a day

• Competitive Prices- similar to competitors

• Very knowledgeable and reliable

• Experienced Workers

• Warranty on Instillation

Target Market

• Homeowners in the North Hills (Hampton, Shaler, Pine Richland, North Alleghany, Mars)

• Small Businesses

• Contractors or Construction Companies

Advertising Plan/ Grand Opening

• Pass Out Flyers

• Uncover Billboards

• Place Ad in Yellow Pages

• Offer Discount

Nugent Plumbing

Equipment List

Note: List any Equipment needed for start-up

Required Equipment for Start Up Amount Total Resource

Technology

Computer(s) $ 550.00 dell.com

Printer(s) $ 100.00 Best Buy

5Phone(s) $ 1,250.00 Verizon Wireless

Web Page $ 200.00 websitehomework.com

Checking/ Bank Fees $ 200.00 PNC Bank

Total Technology Cost $ 2,300.00

Equipment

Work Vans (4) $ 60,000.00 Cargo Van-Go.com

Plumbing Tools $ 10,000.00 mybuilder.com

 

   

   

Total Equi;pment Cost $ 70,000.00

Furniture & Fixtures

Shelves/Racks $ 2,500.00 industrialshelving.com

   

 

   

   

Total Furniture Cost $ 2,500.00

Other Assets

   

   

 

   

   

Total Cost of Other Assets $ -

 

TOTAL COST OF EQUIPMENT $ 74,800.00

Nugent Plumbing

Start Up Costs

Note: Required Start-up Funds for New Business

Required Start-Up Funds Amount TotalsFixed Assets

Technology $ 2,300.00

Equipment $ 70,000.00

Furniture and Fixtures $ 2,500.00

Other Fixed Assets $ -

Total Fixed Assets $ 74,800.00

Start-up Costs (one-time)

Legal and Accounting Fees $ 1,000.00

Licenses $ 1,000.00

Rent Deposit $ 10,000.00

Utility Deposit $ 250.00

Other one-time costs $ -

Total Start-up One-time Costs $ 12,250.00

TOTAL START-UP COSTS $ 87,050.00

Note: Copy from Income StatementOperating Expenses One-Month

Cost of Goods Sold $ -

Owner's Yearly Salary $ 6,250.00

Wage Expense $ 18,000.00

Rent Expense $ 10,000.00

Advertising Expense $ 720.00

Supplies Expense $ 250.00

Utilities Expense $ 250.00

Cell phone & Internet $ 250.00

Insurance Expense $ 100.00

Total Operating Capital $ 35,820.00

Six-Month Operating Expenses + One-time Costs $ 214,920.00

Total Start-up Funds Required $ 301,970.00

**Start-up Funds + Six-Month Operating Expenses

Nugent Plumbing

Income Statement

For Month Ended

June July August September October November

Revenue from Sales $ 36,000.00 $ 37,080.00 $ 38,192.40 $ 39,338.17 $ 40,518.32 $ 41,733.87

Avg. Customers/Day 4

Avg. Purchase Price $ 300.00

Days open per month 30

Cost of Goods from Sales $ - $ - $ - $ - $ - $ -

Avg. Industry Markup 100%

Gross Profit $ 36,000.00 $ 37,080.00 $ 38,192.40 $ 39,338.17 $ 40,518.32 $ 41,733.87

Operating Expenses:

Owner's Yearly Salary $ 75,000.00 $ 6,250.00 $ 6,250.00 $ 6,250.00 $ 6,250.00 $ 6,250.00 $ 6,250.00

Wage Expense $ 18,000.00 $ 18,000.00 $ 18,000.00 $ 18,000.00 $ 18,000.00 $ 18,000.00

Rent Expense $ 10,000.00 $ 10,000.00 $ 10,000.00 $ 10,000.00 $ 10,000.00 $ 10,000.00

Advertising Expense $ 720.00 $ 741.60 $ 763.85 $ 786.76 $ 810.37 $ 834.68

Supplies Expense $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00

Utilities Expense $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00

Cell phone & Internet $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00

Insurance Expense $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00

Loan Payment $ 2,229.00 $ 2,229.00 $ 2,229.00 $ 2,229.00 $ 2,229.00 $ 2,229.00

*301,320 at 4% for 15 Years

Total Operating Expense $ 38,049.00 $ 38,049.00 $ 38,049.00 $ 38,049.00 $ 38,049.00 $ 38,049.00

Net Income $ (2,049.00) $ (969.00) $ 143.40 $ 1,289.17 $ 2,469.32 $ 3,684.87

Loan Info

• Total Loan- $301,320

• At 4% for 15 Years

• Monthly Loan Payment- $2,229