Premier Airport Transportation Service

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Airport Taxi Business Plan

Company Summary

Premier Airport Transportation Service, located in Bedford Hts, OH offers an airport transportation service for the greater Cleveland metropolitan area. PATS will offer their service 24 hours a day to most neighborhoods in Cleveland. PATS will be priced less than a limousine service but more than a group shuttle service.

Sam Brougham will be working full time as the dispatcher and back office person. Sam will have four employees.

2.1 Company Ownership

PATS is an Ohio corporation founded and owned by Sam Brougham.

2.2 Start-up Summary

PATS' start-up costs will include all the equipment needed for the home-based office, legal fees, website creation, and start-up advertising.

The office equipment will be the largest chunk of the start-up expenses. This equipment includes a computer system, fax machine, office supplies. The computer should have at least a 500 megahertz Celeron/ Pentium processor, 64 megabytes of RAM (preferably 128), 6 gigabyte hard drive, and a rewritable CD- ROM for backing up the system. A DSL line will need to be set up as well. PATS will also need some Nextel phones. The advantage of the Nextel phones is it allows two way communication from the base to the cars over cellular frequencies but at a drastically reduced rate. 

The office will need some furniture such as a desk, file cabinets. The legal fees are used for the formation of the business as well as for reviewing/generating standard client contracts.

Start-up Expenses
Legal $1,000
Stationery etc. $125
Brochures $400
Office equipment $500
Website creation $500
Other $0
Total Start-up Expenses $2,525
Start-up Assets
Cash Required $30,975
Other Current Assets $0
Long-term Assets $1,500
Total Assets $32,475
Total Requirements $35,000
Start-up Funding
Start-up Expenses to Fund $2,525
Start-up Assets to Fund $32,475
Total Funding Required $35,000
Non-cash Assets from Start-up $1,500
Cash Requirements from Start-up $30,975
Additional Cash Raised $0
Cash Balance on Starting Date $30,975
Total Assets $32,475
Liabilities and Capital
Current Borrowing $0
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $0
Planned Investment
Investor 1 $35,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $35,000
Loss at Start-up (Start-up Expenses) ($2,525)
Total Capital $32,475
Total Capital and Liabilities $32,475
Total Funding $35,000