Cheapest bathroom renovation in town David Ferguson Andreas

“Cheapest bathroom renovation in town” David Ferguson Andreas Themlitz

David Ferguson Completion of Post Secondary Education Relevant Experiences Title with Responsibilities Business Marketing Diploma - April 2013 Home renovations Co – Owner and Manager of Bath Supreme Owner of wood shop for crafts Architecture semester - 2010 Andres Themlitz Business Marketing Diploma - April 2013 Worked in the renovation industry Co – Owner and Manager of Bath Supreme

Opportunities in the Marketplace 1. Homeowners want to gain value to their home 2. Bathroom renovations are cheaper then other renovations 3. Government gives grants for home improvements

What We Do Best! • Job A: small steel bath tub/ white acrylic walls - one day service • Job B: Acrylic bath tub/ stone pattern acrylic walls - one day service • Job C: Complete shower base model/ stone pattern acrylic walls/ toilet and vanity - two day service

Target Market • Homeowners with steady incomes and home improvement needs • Ages 25 – 65 located in south-western Ontario

An industry you want to be in! 20. 9 billion dollars in 2011 in home renovations in 10 major cities in a survey by CMHC using a sample of 1. 7 million people. This gives us a an average of 12, 294 dollars spent on home renovation. The size of household units in London alone is 145, 525 ( Data 2007)

COMPETITION Bath Fitter Price $4000 -$5000 Place -150 Exeter Rd London, ON N 6 L 1 G 9 - One location in London -Variety of locations throughout Canada Promotion Advertise as being the one day bathroom renovation using tub liners Product -Acrylic walls -Acrylic tub liners - shower faucets -shower doors Ultimate Bath Systems $3000 -$4000 -125 Bessemer Rd #16, ON N 6 E 1 P 9 -Few locations in surrounding areas Advertises as being home of the one day bath renovation where they actually replace your bathtub. -Acrylic walls -Acrylic tubs -steel tubs - shower faucets -shower doors Bath Master $3000 -$4000 -Belmont, Ontario - Several locations in Canada Promotes one day bath renovations and also do reglazing of tubs -Acrylic walls -Acrylic tub liners -acrylic tubs -steel tubs - shower faucets -shower doors

PROMOTIONS Will be on Bx 93 radio station on average 2 -4 times a day We will be in the London Home show held at the western fair grounds. In our first month of business we will be throwing in a grab bar for all jobs booked which is an 80 dollar value.

Bath Supreme will need to maintain demand of 8 job a, 4 job b and 1 job c to pay for our cost of goods and operating costs Bath Supreme Income Statement For the Year Ending <2013> January February March April May June July August September October November December $ $ YTD Revenue Gross Income $ 38, 800 $ - 38, 800 $ - 38, 800 - 38, 800 $ 465, 598 - - $ 38, 800 $ 38, 800 $ 38, 800 $ 465, 598 Cost of Goods Sold $ 17, 957 $ 17, 957 $ 17, 957 215, 484 Gross Profit $ 20, 843 $ 20, 843 $ 20, 843 $ 250, 114 $ 5, 100 $ 5, 100 $ 5, 100 Net Sales - 38, 800 Operating Expenses Salaries & Wages Lease on building Website Optimization Business Account Insurance $ 61, 200 1, 350 525 551 579 608 638 670 704 739 776 814 855 8, 809 125 499 524 550 577 606 637 668 702 737 774 812 7, 211 50 50 50 600 1, 200 1, 200 1, 200 14, 400 Rogers Plan 150 150 150 1, 800 Gas 250 250 250 3, 000 13 13 13 150 125 125 125 1, 500 254 254 254 3, 048 200. 00 200. 00 2, 400 233. 83 233. 83 2, 806 118. 33 118. 33 1, 420 Garbage Life/dis priemums Medical Dental RX and Vacation Van insurance CPP EI Discretionary Expenses Total Operating Expenses $ 9, 169 $ 8, 717 $ 8, 769 $ 8, 822 $ 8, 879 $ 8, 938 $ 9, 000 $ 9, 066 $ 9, 134 $ 9, 206 $ 9, 282 $ 9, 361 $ 108, 343 Income From Operations $ 11, 674 $ 12, 125 $ 12, 074 $ 12, 021 $ 11, 964 $ 11, 905 $ 11, 843 $ 11, 777 $ 11, 709 $ 11, 637 $ 11, 561 $ 11, 482 $ 141, 771 $ 11, 574 $ 12, 020 $ 11, 964 $ 11, 905 $ 11, 843 $ 11, 777 $ 11, 709 $ 11, 637 $ 11, 561 $ 11, 482 $ 11, 398 $ 11, 311 1, 283 11, 938 $ 10, 824 $ 11, 233 $ 11, 137 $ 11, 037 $ 10, 931 $ 10, 820 $ 10, 704 $ 10, 581 $ 10, 453 $ 10, 318 $ 10, 176 $ 10, 028 $ 128, 242 Interest Income (Expense) Income Before Income Taxes (100) Income Tax Expense Net Income (105) 750 (110) 788 (116) 827 (122) 868 (128) 912 (134) 957 (141) 1, 005 (148) 1, 055 (155) 1, 108 (163) 1, 164 (171) 1, 222 (1, 592) $ 140, 180

LOAN • Will will be asking for up to $100, 000 for a loan to cover the start up costs • 5 year plan at 6% ( average ) interest will be attainable

QUESTIONS?