I. Executive Summary
This Section's Contents
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[Company Name] is a car rental agency with [x] branches and a network of over [x] associated rental offices all over [location]. We manage a fleet of over [x] new, luxuriously equipped cars. We cater to companies and individuals who appreciate the highest quality of assistance and require a fast and professional car rental service, whether it be for business or leisure. In order to meet the ever-changing needs of our customers, we are continuously improving the quality of our fleet and service.
[Company Name] offers premium vehicles without premium prices. We offer models from some of the best car manufacturers in the world, including German favorites such as BMW, Mercedes-Benz, Audi and more. Our rental cars are regularly replaced so clients can feel confident that they will be behind the wheel of a well-maintained and up-to-date rental. All car models we provide are in excellent condition.
The [Company Name’s] inventory includes: convertibles, luxury cars, minivans, SUVs, sportscars and trucks.
[Company Name] will primarily serve the residents within a 10 mile radius of our location. The demographics of these customers are as follows:
- 47,827 residents
- Average income of $84,700
- 60% married
- 45% in Mgt./Professional occupations
- 75% of residents are homeowners
- Median age: 38 years
[Company Name]’s most valuable asset is the expertise and experience of its founder, [Founder’s Name]. [First name] has been in the automotive industry for the past 15 years. He has spent much of his career working with [company], where he oversaw the operations for different car rental companies. There, he learned the requirements for automotive maintenance from both a technical and customer service perspective, as well as car rental policies and procedures.
[Company name] will also employ an experienced assistant manager to manage the location. This will be an experienced operations manager who will be trained in other important company operations by [Founder’s Name] so he will be able to take over in absence of [Founder’s Name].
[Company Name] is uniquely qualified to succeed due to the following reasons:
[Company Name] will fill a specific market niche in the growing community we are entering. In addition, we have surveyed the local population and received extremely positive feedback saying that they explicitly want to make use of our services when launched.
Our location is in a high-wealth area where customers are interested in car rental services.
The management team has a track record of success in the car rental services business.
[Company Name] is seeking a total funding of $192,000 of debt capital to open its car rental service. The capital will be used for funding capital expenditures and location build-out, hiring initial employees, marketing expenses and working capital.
Specifically, these funds will be used as follows:
Rental location design/build: $92,000
Working capital: $100,000 to pay for marketing, salaries, and lease costs until [Company Name] reaches break-even
Top line projections over the next five years are as follows:
|FY 1||FY 2||FY 3||FY 4||FY 5|
|Pre Tax Income||$62,455||$881,858||$1,063,023||$1,295,091||$1,556,772|
|Income Tax Expense||$21,859||$308,650||$372,058||$453,282||$544,870|
|Number of locations||1||1||1||1||1|
|Number of orders||3,600||7,776||8,398||9,070||9,796|