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Interstate Travel Center

Company Summary

Interstate Travel Center is a start-up company whose management perceives a growing demand for commercial vehicle services within the Dallas area. The company’s management staff includes Steven Smith, who has extensive experience within the automotive repair industry, and Janet Smith, who has provided budgeting and bookkeeping services to small companies for twenty years, who will provide the logistical support for the business. It is Interstate Travel Center’s long-term goal to create multiple service centers within the southwest area to service the NAFTA commercial traffic and create a brand awareness that transcends state borders.


Interstate Travel Center will be located between I-45 and I-635 in Dallas, Texas. Access to the travel center will be through these major highways. The advantages of this site are listed below and should be evaluated accordingly when investments for site developments (or improvements) are being considered.

  • Visibility of this site is considered good.
  • Competition at and around this location is low.
  • Quantity of competition is classified as limited.
  • Accessibility to location is good.
  • Traffic count potential (during rush hour traffic) at this location is considered good.
  • House count at this location is very low.
  • Demographics at this location are excellent.
  • Growth of area around this site is fair.

2.1 Company Ownership

Interstate Travel Center is solely owned by Steven and Janet Smith. It is not anticipated that the company will seek additional shareholders for the foreseeable future.

2.2 Start-up Summary

Funding Requirements and Uses
The initial start-up costs will amount to $2.75 million. This will be used to purchase land, develop it, and construct a 6,000 sq./ft travel center, complete with gas/diesel islands, scales, and a restaurant. The initial capital injection will be $250,000. The remaining will be funds in the form of a $2.5 million loan. Figure 1 provides a breakdown of how the funding will be used and Figure 2 provides the Expenditure Outline for Phase I.

Figure 1. Use of Funds

<TD size="2" face="Verdana" Total

Working Capital $250,000
Inventories (Travel Ctr.) $65,000
Land $200,000
Land Development $150,000
Highway Improvements $350,000
Building $500,000
Pre-Paid Expenses $250,000
Gasoline Facility $200,000
Diesel Facility $150,000
Equipment (Travel Ctr.) $100,000
Equipment (Restaurant) $200,000
Contingency $235,000
Other fixed Assets $50,000
Scales $50,000
$2.75 million

Figure 2. Phase I Expenditure Outline

Land Development $100,000
Building (6,000 sq. ft.) $500,000
Gasoline Facility (includes all equipment) $200,000
Diesel Facility (includes all equipment) $150,000
Equipment: Store $100,000
Equipment: Restaurant $200,000
Highway Improvements* $50,000
Miscellaneous $50,000
Land Costs $200,000

*Texas Department of Transportation – 50/50 split with state.

Truck stop business plan, company summary chart image

Start-up Expenses
Prepaid Expenses $250,000
Travel Center Equipment $100,000
Restaurant Equipment $200,000
Contingency Costs $235,000
Other $0
Total Start-up Expenses $785,000
Start-up Assets
Cash Required $250,000
Start-up Inventory $65,000
Other Current Assets $50,000
Long-term Assets $1,600,000
Total Assets $1,965,000
Total Requirements $2,750,000
Start-up Funding
Start-up Expenses to Fund $785,000
Start-up Assets to Fund $1,965,000
Total Funding Required $2,750,000
Non-cash Assets from Start-up $1,715,000
Cash Requirements from Start-up $250,000
Additional Cash Raised $0
Cash Balance on Starting Date $250,000
Total Assets $1,965,000
Liabilities and Capital
Current Borrowing $0
Long-term Liabilities $2,500,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $2,500,000
Planned Investment
Steve Smith $150,000
Janet Smith $100,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $250,000
Loss at Start-up (Start-up Expenses) ($785,000)
Total Capital ($535,000)
Total Capital and Liabilities $1,965,000
Total Funding $2,750,000