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Sole Proprietorship: Luke Nugent. Business Description Products/Services Plumbing and Drain cleaning services Copper Pipe Instillation and Repair Faucets,

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Presentation on theme: "Sole Proprietorship: Luke Nugent. Business Description Products/Services Plumbing and Drain cleaning services Copper Pipe Instillation and Repair Faucets,"— Presentation transcript:

1 Sole Proprietorship: Luke Nugent

2 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

3 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

4 Location 4318 Bryant Road, Allison Park, PA ,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

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6 Consultants Needed/ Licenses Accountant Lawyer Insurance Agency Business License Plumbers License Retail License

7 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

8 Employees Needed Master Plumber (Me)-1 Plumber (Assistant)- 1 Plumber (On-Call)-3

9 Monthly Salary Master Plumber- $6,250 Assistant Plumber- $4,500 On-Call Plumbers(3)- $4,500 Total Monthly Salary- $24,250

10 Job Specification Form Company: Nugent PlumbingDepartment: N/A Job Title: Plumbers assistantRate of Pay: From $15 to $25 Hr Supervisors 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 Plumber Physical Requirements: Must pass Physical and Drug Test Specific 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 Plumber Specific 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 hoursMinimum: 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: Off Insurance: Health Insurance

11 Hiring Process Place Job Opening in: – Yellow Pages – Vocational Schools/ Trade Schools – The Union – Look through Applications – Interview Potential Employees – Select Employee

12 Competition Mr. Rooter Plumbing Gillece Plumbing Terrys Plumbing Roto-Rooter Plumbing A couple smaller local Plumbing Businesses

13 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

14 Target Market Homeowners in the North Hills (Hampton, Shaler, Pine Richland, North Alleghany, Mars) Small Businesses Contractors or Construction Companies

15 Advertising Plan/ Grand Opening Pass Out Flyers Uncover Billboards Place Ad in Yellow Pages Offer Discount

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18 Nugent Plumbing Equipment List Note: List any Equipment needed for start-up Required Equipment for Start UpAmountTotalResource Technology Computer(s) $ - Printer(s) $ - 5Phone(s) $ 1, Verizon Wireless Web Page $ websitehomework.com Checking/ Bank Fees $ PNC Bank Total Technology Cost $ 1, Equipment Work Vans (4) $ 60, Cargo Van-Go.com Plumbing Tools $ 10, mybuilder.com Total Equi;pment Cost $ 70, Furniture & Fixtures Shelves/Racks $ 2,500.00industrialshelving.com Total Furniture Cost $ 2, Other Assets Total Cost of Other Assets $ - TOTAL COST OF EQUIPMENT $ 74,150.00

19 Nugent Plumbing Start Up Costs Note: Required Start-up Funds for New Business Required Start-Up FundsAmountTotals Fixed Assets Technology $ 1, Equipment $ 70, Furniture and Fixtures $ 2, Other Fixed Assets $ - Total Fixed Assets $ 74, Start-up Costs (one-time) Legal and Accounting Fees $ 1, Licenses $ 1, Rent Deposit $ 10, Utility Deposit $ Other one-time costs Total Start-up One-time Costs $ 12, TOTAL START-UP COSTS $ 86, Note: Copy from Income Statement Operating Expenses One-Month Cost of Goods Sold $ - Owner's Yearly Salary $ 6, Wage Expense $ 18, Rent Expense $ 10, Advertising Expense $ Supplies Expense $ Utilities Expense $ Cell phone & Internet $ Insurance Expense $ Total Operating Capital $ 35, Six-Month Operating Expenses + One-time Costs $ 214, Total Start-up Funds Required $ 301, **Start-up Funds + Six-Month Operating Expenses

20 Nugent Plumbing Income Statement For Month Ended June JulyAugustSeptemberOctoberNovember Revenue from Sales $ 36, $ 37, $ 38, $ 39, $ 40, $ 41, Avg. Customers/Day 4 Avg. Purchase Price $ Days open per month 30 Cost of Goods from Sales $ - Avg. Industry Markup 100% Gross Profit $ 36, $ 37, $ 38, $ 39, $ 40, $ 41, Operating Expenses: Owner's Yearly Salary $ 75, $ 6, Wage Expense $ 18, Rent Expense $ 10, Advertising Expense $ $ $ $ $ $ Supplies Expense $ Utilities Expense $ Cell phone & Internet $ Insurance Expense $ Loan Payment $ 2, *301,320 at 4% for 15 Years Total Operating Expense $ 38, Net Income $ (2,049.00) $ (969.00) $ $ 1, $ 2, $ 3,684.87

21 Loan Info Total Loan- $301,320 At 4% for 15 Years Monthly Loan Payment- $2,229


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