EarthWise Excavation | Application Preview
EarthWise Excavation is seeking government grants to acquire heavy equipment. The business aims to expand its operations throughout the Southwest and projects gross sales of $1 million within 4-5 years. The owner, Joey Wall, plans to launch operations while maintaining a full-time job for the first year, initially relying on overflow work from a retiring friend. After the first year, the plan is to take over existing accounts and scale the business without hiring employees until the third year.
The financial projections detail steady growth across five years, starting with a modest gross of $96,000 in the first year and reaching $1 million by year five. The first year involves keeping costs to a minimum while the owner does not draw a salary. In subsequent years, gross income increases significantly alongside expenditures related to equipment, salaries, and loan payments. By year three, the plan includes hiring the first employee, and by year five, adding a second.
Joey Wall brings nearly two decades of experience in site development, including roles from entry-level positions to project management. This extensive experience is coupled with a strong network of contacts in the industry, which is expected to support the company's growth, especially in its early stages. The competitive landscape shows that one competitor, GZM, is closing, which could provide an opportunity for EarthWise to capture market share. Wall believes his unique blend of contractor and developer experience gives EarthWise a competitive edge in delivering conservation-focused land management services.
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General Information
Business Registration Number: EarthWise Excavation
Location: Clarksville, OH, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: $100k to $250k
Open to Loans: NO
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Funding Usage
To purchase heavy equipment for the company.
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Business Plan
By networking, saving and investing in the business each year, I plan to scale to cover the entire southwest market and gross 1 million in sales in 4-5 years. I will be stepping in to fill a contractor/friends market through my work who his retiring and closing his company next year. My first year I will launch the business on the side while working full time. My friend who is already in business will be providing his overflow work for the first year. After the first year my friend will be retiring and I will be taking over his accounts and going into the business full time. The next two years I plan to work alone while scaling the company before hiring any employees. I hope to hire my first employee by year 3 and add an additional employee the year after. Year 1 (2023) Gross - 96k ($8,000.00/month) Costs: Truck-$700/month Skid Steer-$700/month Mini Excavator Lease to Buy-$500.00/month Insurance-$320.00/Month SBA Loan-$1400.00 Misc Tools & Supplies- $1,000.00/month Total Cost Per Month-$4,620.00 Taxes @ 22%-$1,760.00 Net Profit = $1,620.00/month ($19,440/1st yr) No Salary - Keeping Full Time Job 1st Year Year 2 (2024) Gross 350k ($29,166.67/month) Costs: Truck-$700/month Skid Steer-$700/month Mini Excavator Lease to By-$500.00/month Insurance-$320.00/Month SBA Loan-$1400.00/Month Misc Tools & Supplies- $25000.00/month Salary-($85,000/yr)$7083.33/month Total Cost Per Month-$15,963.34 Taxes @ 22%-$6,416.67 Net Profit = $6786.66/month Year 3 (2025) Gross 500k ($41,666.67/month) Costs: Truck-$700/month Skid Steer-$700/month Mini Excavator Lease to By-$500.00/month Insurance-$32.00/Month SBA Loan-$1400.00 Misc Tools & Supplies- $3500.00/month Salary-$7500/month ($90,000/yr) Total Cost Per Month-$10,482.00 Taxes @.22%-$9,166.66/month Gross Profit = $17,880.06/month Year 4 Gross 800k ($66,666.67/month) Costs: Truck-$700/month Truck-$700/month New Skid Steer-$1,200/month New Mini Excavator- $900.00/month Insurance-$450.00/Month New SBA Loan-$3205.00 Misc Tools & Supplies- $5000.00/month Salary-$7500/month ($90,000/yr) Employee #1-$3750/month ($45,000/yr) Total Cost Per Month-$23,405.00 Taxes @.22%-$14,666.88 Gross Profit = $28,595.79 Year 5 Gross 1,000,000 ($83,333.33/month) Costs: Truck-$700/month Truck-$700/month Dump Truck- $1,200.00/month New Skid Steer-$1,200/month New Mini Excavator- $900.00/month Larger Excavator- $1,500.00/month Insurance-$500.00/Month New SBA Loan-$3,205.00/month Misc Tools & Supplies- $6,000.00/month Salary-$7500/month ($90,000/yr) Employee #1-$4,166.67/month ($50,000/yr) Employee #2-$3,750/month ($45,000/yr) Total Cost Per Month-$31,321.67 Taxes @.22%-$18,333.33 Gross Profit = $33,678.33 Long Term: Year 1 (2023) Gross - 96k ($8,000.00/month) Costs: Truck-$700/month Skid Steer-$700/month Mini Excavator Lease to Buy-$500.00/month Insurance-$320.00/Month SBA Loan-$1400.00 Misc Tools & Supplies- $1,000.00/month Total Cost Per Month-$4,620.00 Taxes @ 22%-$1,760.00 Net Profit = $1,620.00/month ($19,440/1st yr) No Salary - Keeping Full Time Job 1st Year Year 2 (2024) Gross 350k ($29,166.67/month) Costs: Truck-$700/month Skid Steer-$700/month Mini Excavator Lease to By-$500.00/month Insurance-$320.00/Month SBA Loan-$1400.00/Month Misc Tools & Supplies- $25000.00/month Salary-($85,000/yr)$7083.33/month Total Cost Per Month-$15,963.34 Taxes @ 22%-$6,416.67 Net Profit = $6786.66/month Year 3 (2025) Gross 500k ($41,666.67/month) Costs: Truck-$700/month Skid Steer-$700/month Mini Excavator Lease to By-$500.00/month Insurance-$32.00/Month SBA Loan-$1400.00 Misc Tools & Supplies- $3500.00/month Salary-$7500/month ($90,000/yr) Total Cost Per Month-$10,482.00 Taxes @.22%-$9,166.66/month Gross Profit = $17,880.06/month Year 4 Gross 800k ($66,666.67/month) Costs: Truck-$700/month Truck-$700/month New Skid Steer-$1,200/month New Mini Excavator- $900.00/month Insurance-$450.00/Month New SBA Loan-$3205.00 Misc Tools & Supplies- $5000.00/month Salary-$7500/month ($90,000/yr) Employee #1-$3750/month ($45,000/yr) Total Cost Per Month-$23,405.00 Taxes @.22%-$14,666.88 Gross Profit = $28,595.79 Year 5 Gross 1,000,000 ($83,333.33/month) Costs: Truck-$700/month Truck-$700/month Dump Truck- $1,200.00/month New Skid Steer-$1,200/month New Mini Excavator- $900.00/month Larger Excavator- $1,500.00/month Insurance-$500.00/Month New SBA Loan-$3,205.00/month Misc Tools & Supplies- $6,000.00/month Salary-$7500/month ($90,000/yr) Employee #1-$4,166.67/month ($50,000/yr) Employee #2-$3,750/month ($45,000/yr) Total Cost Per Month-$31,321.67 Taxes @.22%-$18,333.33 Gross Profit = $33,678.33 Owner - Joey Wall, 19 years within the site development industry 11 of which were on the contractor side which held entry levels roles up to project management with another 8 years working solely as a land development field manager for land developers. Earthwise aims to provide earth shaping concepts by implementing conservation focused, land management practices for all drainage, erosion and general excavation needs. My employment history has provided me the opportunity to create vast network of connections within this field which I feel will help provide the upward momentum and projection it will need especially in the early stages.
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Self Identified Competition
GZM (Ground Zero Maintenance) Closing business in 2024 Pro Innovations- Located in Kentucky Market ? My years of background in the industry working with both site contractors and developers.
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