Feasibility Study on Setting Up an Environmental Laboratory

FEASIBILITY STUDY FOR THE ESTABLISHMENT OF STOOK ENVIRONMENTAL SERVICES COMPANY BY KAYODE, STEPHEN OLUWATOBI 166277 A SEMINAR SUBMITTED TO THE DEPARTMENT OF CHEMISTRY, UNIVERSITY OF IBADAN, IBADAN IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF MASTER OF SCIENCE (ENVIRONMENTAL CHEMISTRY AND POLLUTION CONTROL) M.Sc. (ECPC) JANUARY, 2013 1.0 EXECUTIVE SUMMARY As globalization continues and the earth’s natural processes transform local problems into international issues, few societies are being left untouched by major environmental problems like flooding, global warming, strange death of humans and animals, loss of biodiversity among others. This outcome of the global environmental disasters have produces a†¦show more content†¦Future competitors are existing companies that are not yet in the market space but that could spring-up at any time, our forecasted market growth and future market plan will be too strong for them to pose any significant threat. Marketing Strategy The marketing strategy is the core of the main strategy and shall emphasize on: High value, high quality services and Building a relationship oriented business with our target market great focused on municipalities, industries, project manager, researchers, and the Federal, state and local government organization and agencies as key initial markets. Financial Summary Summary of start-up cost; Cost (N) Total of Office Equipment 2,558,750 Total for Apparatus, Instruments and Reagents 10,420,300 Total Start-up Basic Salary 695,000 Accreditation 550,000 Capital Equipment Total 14,224,050 Total Balance = Start-Up Fund – Total Capital Equipment= 775,950 Projected Cash Flow Summary | Year 1 | Year 2 | Year 3 | INFLOWS | 1,268,880 | 1,688,700 | 3,625,376 | TOTAL INFLOW | 1,268,880 | 1,688,700 | 3,625,376 | OUT FLOWS | | | | Equipment, Building etc. including start-up costs | 1,207,580 | | | Direct analysis cost | 301,800 | 1,050,600 | 1,496,720 | Selling amp;general admin. | 37,500 | 375,500 | 585,888 | TOTAL OUTFLOW | 1,546,880 | 1,426,100 | 2,082,608 | NET CASH FLOW | 278,000 | 332,525 | 677,535 | OPENING BALANCE | 278,000 | 332,525 |Show MoreRelatedFeasibility Study on Setting Up an Environmental Laboratory9668 Words   |  39 PagesFEASIBILITY STUDY FOR THE ESTABLISHMENT OF STOOK ENVIRONMENTAL SERVICES COMPANY BY KAYODE, STEPHEN OLUWATOBI 166277 A SEMINAR SUBMITTED TO THE DEPARTMENT OF CHEMISTRY, UNIVERSITY OF IBADAN, IBADAN IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF MASTER OF SCIENCE (ENVIRONMENTAL CHEMISTRY AND POLLUTION CONTROL) M.Sc. 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