Bussines Plan-Trucks
Essay by 24 • July 19, 2011 • 3,282 Words (14 Pages) • 1,347 Views
Trucking Non-Stop is intended to be the major travel center in Romania, Bucharest. It will consist of a convenience store, gas/diesel islands, restaurant, and amenities for the trucking business. Trucking Non-Stop is a corporation owned and operated by Ema Sitoris and Vaida Catalina.
The company's management philosophy is based on responsibility and mutual respect. Trucking Non-Stop has an environment and structure that encourages productivity and respect for customers and fellow employees.
Trucking Non-Stop is organized into two main functional areas: convenience store-gas/diesel, and the restaurant, each will have its own on-site management. Ema Sitoris and Vaida Catalina are the founders and co-presidents. They will head the operation, and will concentrate on product sourcing, sales, marketing, finance, and overall administration. Each area will have a manager responsible for daily operations who will report to the Smiths..
The initial start-up costs will amount to $2.75 million, which will be used to purchase land, develop it, and construct a 6,000 square foot travel center, complete with gas/diesel islands, scales, and a restaurant. The initial capital injection will be $250,000. The remaining will be in the form of a $2.5 million loan.
Highlights
1.1 Mission
The mission of Trucking Non-Stop is to start a new public travel center which will service the truck fueling and shopping needs of NAFTA trade, the general traveling public, and local Bucharest customers.
2.0 Company Summary
Trucking Non-Stop is a start-up company whose management perceives a growing demand for commercial vehicle services within the Bucharest area. The company's management staff includes Ema Sitoris, who has extensive experience within the automotive repair industry, and Vaida Catalina, who has provided budgeting and bookkeeping services to small companies for twenty years, who will provide the logistical support for the business. It is Trucking Non-Stop '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.
2.1 Company Ownership
Trucking Non-Stop is solely owned by Ema Sitoris and Vaida Catalina. It is not anticipated that the company will seek additional shareholders for the foreseeable future.
2.2 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
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
Total $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
TOTAL ALLOWABLE BUDGET FOR PHASE ONE $1.55 million
Start-up
Start-up
Requirements
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 Needed
Cash Balance on Starting Date $250,000
Start-up Inventory $65,000
Other Current Assets $50,000
Total Current Assets $365,000
Long-term Assets $1,600,000
Total Assets $1,965,000
Total Requirements $2,750,000
Funding
Investment
Steve Smith $150,000
Janet Smith $100,000
Other $0
Total Investment $250,000
Current Liabilities
Accounts Payable $0
Current Borrowing $0
Other Current Liabilities $0
Current Liabilities $0
Long-term
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