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General Freight Trucking Business Plan

Mike's Trucking Service

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Company Summary


2.0 Company Summary

Mike's Trucking Service is a Texas LLC, with principal offices located in Dallas, Texas. Mike Smith, president and CEO, is the majority owner. He has been in the trucking business for 15 years.


2.1 Company History

Mike's Trucking has been in business for one year. We have maintained financial stability during its first year of operation due to the extensive industry experience of our management team.


Past Performance
Past Performance
199719981999
Sales$0$0$60,000
Gross Margin$0$0$42,000
Gross Margin %0.00%0.00%70.00%
Operating Expenses$0$0$18,000
Collection Period (days)0037
Inventory Turnover0.000.000.00
Balance Sheet
Current Assets199719981999
Cash$0$0$500
Accounts Receivable$0$0$10,000
Inventory$0$0$5,000
Other Current Assets$0$0$0
Total Current Assets$0$0$15,500
Long-term Assets
Capital Assets$0$0$40,000
Accumulated Depreciation$0$0$4,000
Total Long-term Assets$0$0$36,000
Total Assets$0$0$51,500
Capital and Liabilities
199719981999
Accounts Payable$0$0$3,500
Current Borrowing$0$0$20,000
Other Current Liabilities$0$0$500
Subtotal Current Liabilities$0$0$24,000
Long-term Liabilities$0$0$25,000
Total Liabilities$0$0$49,000
Paid-in Capital$0$0$0
Retained Earnings$0$0$2,500
Earnings$0$0$0
Total Capital$0$0$2,500
Total Capital and Liabilities$0$0$51,500
Other Inputs199719981999
Payment Days0030
Sales on Credit$0$0$50,000
Receivables Turnover0.000.005.00

Past Performance

Past_Performance
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