Plan Outline
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SIC 5521 Automotive Dealers and Gasoline Service Stations - Used car dealers
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Used Auto Sales Business Plan
Integrity Auto Sales
Company Summary
Integrity Auto Sales is an independently-owned business, established in 2001 by an automotive expert with over 25 years of vehicle sales experience. We provide a unique car buying experience for customers in the Willamette Valley by providing inspected, top quality, used vehicles for all types of consumers, at a competitive price. We are conveniently located just seven miles North of Eugene, on Highway 99 in Junction City.
2.1 Company Ownership
Integrity Auto Sales is a privately held corporation. It will be registered as a Subchapter S, with ownership 60%-Jonathan Dinsmore, 40%-Don Mazzioti.
2.2 Start-up Summary
Almost 90% of start-up costs will go to assets. Start-up costs will be financed through a combination of owner's investment, short-term loans (VA business loan), and long-term borrowing. The start-up chart shows the distribution of financing.
Other miscellaneous expenses include:
- Legal fees for business establishment (ownership, and no sell agreement).
- Stationary, office supplies.
- Marketing/advertising fees.
- Initial consultation to establish records with an accountant.
- Rent for lot and office.
- Establish a Web page for advertising.
- Expensed equipment (two computers, two desk, Fax/copier, phone lines, and office furniture).
- One month initial start-up investment in vehicles.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $500 |
| Stationery etc. | $200 |
| Advertising | $1,000 |
| Consultants (Accountant) | $500 |
| Rent | $4,000 |
| Expensed Equipment | $4,500 |
| Internet Web page | $1,000 |
| Other | $500 |
| Total Start-up Expenses | $12,200 |
| Start-up Assets | |
| Cash Required | $67,800 |
| Start-up Inventory | $50,000 |
| Other Current Assets | $0 |
| Long-term Assets | $0 |
| Total Assets | $117,800 |
| Total Requirements | $130,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | $12,200 |
| Start-up Assets to Fund | $117,800 |
| Total Funding Required | $130,000 |
| Assets | |
| Non-cash Assets from Start-up | $50,000 |
| Cash Requirements from Start-up | $67,800 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $67,800 |
| Total Assets | $117,800 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $100,000 |
| Long-term Liabilities | $0 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $100,000 |
| Capital | |
| Planned Investment | |
| Owner #1 | $20,000 |
| Owner #2 | $10,000 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $30,000 |
| Loss at Start-up (Start-up Expenses) | ($12,200) |
| Total Capital | $17,800 |
| Total Capital and Liabilities | $117,800 |
| Total Funding | $130,000 |
2.3 Company Locations and Facilities
- The company office is located at 12345 HWY 99, Junction City, OR 97666.
- The office is approximately 1,000 square feet and has ample space for the first three years of growth.
- The 20,000 square foot lot and building is leased from the principal owner.
