University Mopeds

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Mopeds Rental Business Plan

Management Summary

As this is a small business, there will be no real management structure except for the owner. He will run the business on a daily basis and oversee all facets of the operation. Assisting him will be various employees who will work the shop. An on-duty mechanic will also be on duty some 20 hours per week.

6.1 Personnel Plan

Our personnel assumptions are based on a shop employee working 40 hours per week at $7.00 per hour. The mechanic will work approximately 20 hours per week at $15.00 per hour. As the number of moped rentals increases, the mechanics weekly hours will increase. The owner will also fill in and oversee the business. The owner salaries with not be drawn until the business is profitable and all investments have been paid back in full.

Personnel Plan
Year 1 Year 2 Year 3
Shop Help $24,000 $26,400 $29,040
Mechanics $18,000 $19,800 $21,780
Management $30,000 $33,000 $36,300
Other $3,000 $3,300 $3,630
Total People 4 4 5
Total Payroll $75,000 $82,500 $90,750