RENT a Car Business plan Essay example - 1652 Words

Car Rental Business plan Excecutive Summary Company and Financing Summary Products and Services Overview Strategic Analysis with current research! Marketing Plan Personnel Plan 3 Year Advanced Financial Plan Expanded Financial Plan with Monthly Financials FREE 30 Page Sample Private Placement Memorandum FREE PowerPoint Presentation for Banks, Investors, or Grant Companies! 1.0 Executive Summary The purpose of this business plan is to raise $300,000 for the development of a car rental agency while showcasing the expected financials and operations over the next three years. The Car Rental Agency Inc. (â€Å"the Company†) is a New York based corporation that will provide the rental of economy, standard, and luxury†¦show more content†¦3.2 Insurance Fees and Ancillary Services In addition to daily charges made to vehicle renters, the Company will earn secondary streams of revenue from the sale of additional insurance. This is an important secondary steam of revenue for the business as sales of additional car insurance will generate substantial gross margins for the Car Rental Agency. Additionally, the Company will charge substantial fees to customers that do not return the vehicles with full gas tanks. Approximately 25% of the Company’s aggregate revenues will come from the sale of insurance and gas fees. 4.0 Strategic and Market Analysis 4.1 Economic Outlook This section of the analysis will detail the economic climate, the car rental industry, the customer profile, and the competition that the business will face as it progresses through its business operations. Currently, the economic market condition in the United States is in recession. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows. Many economists expect that this recession will continue until mid-2009, at which point the economy will begin a prolonged recovery period. However, Car Rental Agencies typically operate with a strong degree of economic stability as business travelers will continue to need vehicles for their business trip needs. 4.2 Industry Analysis Within the United States, there are more than 5,000 companies (that operate one or more locations)Show MoreRelatedCase Study : Stellios And The Easy Corporation1705 Words   |  7 Pagesin the airline business and went that prove successful he created The EasyCar.com Company which started an internet based way to rent a car, customers could log into an account and reserve a car without having to ever deal with a sales person. Their corporation used a quite different approach than did their competitors where The EasyCar.com Company used a single type of car and no other types of cars to choose from. Other car rental companies would have many types of cars to rent to fit many stylesRead MoreMarketing Pl Riyaz Rent A Car Service1405 Words   |  6 PagesExecutive Summary Riyaz rent-a-car service and Bus Rental is a one stop solution for all your vehicle rental requirements, including short-term rentals and long-term leasing. We aim to provide a relaxed and professional atmosphere in all our car rental centres, highlighted by a friendly approach and flexibility in our dealings with both customers and suppliers. 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With almost every phone created theses days being Smartphone/PDA and application ready, it will quickly be a more convenient way for the customer that rent cars to be checkedRead MoreCan The Sharing Economy Market Be Disruptive? The Traditional Economy?1371 Words   |  6 PagesIntroduction A sharing economy, is when owners utilize digital clearinghouses to capitalize the unused capacity of things they already have, and consumers rent from their peers rather than rent or buy from a company (Geron, 2013). Consumers today can share or offer resources like cars, room rentals, dog sitting and skills to people that require their services for low cost. Companies today, like Airbnb and Uber are capitalizing off â€Å"The Share Economy† market by providing services based of theRead MoreThe Best Choice for Martha ´s Money Essay726 Words   |  3 Pagesmake different plans to spend the money, but her mother and father were thinking how she will spend the money without given her any advice until she asks for it. However the best way for her is to save the money or invest it somewhere rather than buy a used car, rent an apartment, stay at home without working, or go to trip to Hawaii. Firstly, we should consider if buying a used car is best option. Then she can go to school faster, visit her friends and travel as well, but the car needs gas whichRead MoreEnterprise Holdings And Corporate Social Responsibility1263 Words   |  6 PagesEnterprise Holdings started as a car leasing business in the basement of a St. Louis dealership in 1957 with Jack Taylor as its founder. Enterprise prides itself on exceeding the customers’ expectations by building relationships one step and promise at a time. Enterprise Holdings task itself in the common mission to be the best transportation service provider in the world. To exceed customer expectation for service, quality, value, to provide employees with a great place to work and to serve the