Double Decker Tours of Washington is a new company that will provide daily sightseeing tours in Washington DC. Its sales and boarding point will be located at the MCI Center in Northwest Washington, and administrative offices on Third Street in Northeast Washington. The operation will focus on:
Double Decker Tours of Washington will be created as a closely held private District of Columbia Limited Liability Company based in Washington, DC. It will be owned by its founder and principle investors.
Double Decker Tours of Washington will use the facilities of the MCI Center for its boarding and return point in the city. The MCI Center affords DDTOW a safe secure place with plenty of parking and public transportation access. We have agreed to use the ticketing outlets available at MCI to reduce our staffing cost, also it will give us a worldwide ticketing presence by using Ticketmaster. The other facility that we plan to use will be the Peter Pan bus maintenance yard in Tuxedo, Maryland, as this will also reduce staffing and present us with a fixed cost on maintenance that has been covered in our operating budget. A small office on Third Street in Northeast Washington will be used for administrative and order processing purposes.
DDTOW will be open seven days a week. Tour service will begin at 8:30 am during the spring and summer months and 9:00 am during the winter. Our evening tour service will begin at 6:30 pm during the winter months and 7:30 pm during spring and summer. We will be closed on Thanksgiving and Christmas.
Most of the planned start-up costs are apportioned to the following areas:
Start-up capital will be financed through investment and long-term loans. Start-up details are located in the table listed below.