Integrity Auto Sales

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Used Auto Sales Business Plan

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 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
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
Current Borrowing $100,000
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $100,000
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.