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.
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.
Internet Web page
Total Start-up Expenses
Other Current Assets
Start-up Expenses to Fund
Start-up Assets to Fund
Total Funding Required
Non-cash Assets from Start-up
Cash Requirements from Start-up
Additional Cash Raised
Cash Balance on Starting Date
Liabilities and Capital
Accounts Payable (Outstanding Bills)
Other Current Liabilities (interest-free)
Additional Investment Requirement
Total Planned Investment
Loss at Start-up (Start-up Expenses)
Total Capital and Liabilities
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.