Compton Geotechnical Associates Inc. will offer innovative geological engineering services in the state of Maine.
CGA will be entering this restricted area to leverage its employees’ collective reputation and create long-term contracts centered around excellent service and cost effectiveness. We believe we can serve this market better than larger companies and have better service packages than other comparable-sized firms.
CGA is a Delaware-registered limited liability partnership. This will allow it to be tax compliant. Its founder is Mr. Martin Compton, an ex-head of Wilson and Brown, Inc.’s engineering geology department. He has assembled a respected group of engineers, geologists, and graphic artists who have combined 35 years of industry experience.
The company only has a small number private investors. The company has its main offices in Augusta, Maine. The facility includes a soil/rock/water test lab, conference room and office spaces. The company hopes to offer its services beginning in January 1.
The company’’s principal clients will include major construction firms, local and state governments, and utility and water providers. By focusing our attention on institutions with special requirements, we believe we can better serve clients and produce a superior geo-engineering service that is more efficient than other firms.
CGA offers complete geo-engineering service to all of our clients. Our services fall into two main categories of geotechnical engineering services and construction monitoring/laboratory testing.
These services include groundwater and surface evaluations, slope stability analysis and bluff studies. They also provide laboratory analysis of soils and rocks, groundwater, settlement analysis, load testing, load testing, and load testing. Each project is customized to our client and its scope, length, depth, reach, and cost are unique.
This market has many opportunities, particularly since many of our potential clients are required to do geotechnical and monitoring studies prior to construction.
For the past twenty-years, the industry of geoengineering has experienced rapid growth. According to Journal of Hydrology & Geoengineering the industry has experienced an average growth rate of approximately 22% over the past five year. Each of the handful of well-known companies is made up of thousands and smaller consulting organizations. These companies range from major international name-brand firms to tens of thousands of individuals.
These are the start-up assets that are needed. This includes expenses [see Start up table] and the remainder in cash required to support operations till revenues reach a acceptable level. Outside private investors and management investment will make up the majority of the company’s liabilities. However, current borrowing from Bank of America Commercial Investments has allowed us to obtain [see start-up funding table], the principal of which will be paid off over two years. A long-term loan of [see Start-up Funding table] through Charter Bank of Augusta will be paid off in ten years.
The company anticipates reaching profitability in the first year and doesn’t anticipate any cash flow problems. According to our estimates, the average monthly profitability for each segment will be around $8,000. We expect to see a break-even point with three projects each month.
Compton Geotechnical Associates has three year goals.
- Breakeven within two years
- Establish long-term deals with at most four clients
- To establish long-term relationships, and to promote word-ofâ€“mouth marketing, you should aim for a minimum of 95% customer satisfaction.
CGA’s mission is to offer innovative geological engineering services, and to establish long-lasting relationships with clients. We provide excellent services in a timely manner and at a cost-effective price.
Success keys 1.3
CGA’#8217 is a company that has the following key factors to long-term survival.