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Plan Outline
Used Auto Sales Business Plan
Integrity Auto Sales
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 | |
| Requirements | |
| 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 |
| Assets | |
| 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 | |
| Liabilities | |
| Current Borrowing | £100,000 |
| Long-term Liabilities | £0 |
| Accounts Payable (Outstanding Bills) | £0 |
| Other Current Liabilities (interest-free) | £0 |
| Total Liabilities | £100,000 |
| Capital | |
| 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.