Quick and Dirty Auto Repair is a new start-up incorporated business managed by four partners. Three of the four partners represent sales/management, and one focuses on the finance/administration section of the business.
The economic growth of the last several years has resulted in increased disposable income. Many people have chosen to spend part of their increased income on their automobiles. As a result, the need for reliable and convenient auto services has substantially risen as well. QDAR will position itself to capitalize on the growing need of the middle and upper class market for quality auto service in the Portland metropolitan area. The company will be privately owned by four co-owners, with most of the additional funding coming from a ten year SBA loan.
QDAR is incorporated in the state of Oregon. It is privately owned by Jake Braques, Blair Horne, Hyugo Ford and Gaz Môder. To attract additional financing, the owners may consider taking QDAR public several years down the road.
Each of the four co-owners will invest an equal amount. The remainder of the required financing will come from a ten year Small Business Administration (SBA) loan and a short-term loan. The following chart and tables show projected initial start-up costs for QDAR.