SUMMARY Description of the business Mission —The mission of Budget Cars will be to buy and sell a desirable mix of quality used cars, trucks, and vans, and to create a friendly atmosphere where Budget Cars will be known for being your family used car center. The location is in Alpena, Michigan. Products and Services —The products that Budget Cars will offer are quality used cars, trucks, and vans at below market value. The services that will be offered are in-house financing provided by area banks with approved credit and a full automotive detail center that will recondition all units for sale.
Strategic Analysis with current research! The Used Car Dealer, Inc. The Company was founded in by John Doe. The Used Car Dealer will specialize in offering pre-owned cars that are approximately two to four years in age and have mileage that does not exceed usage of 15, miles per year.
Once the business receives its needed capital infusion, the Owner will develop an online Ebay Motors account from which to conduct nationwide auto sales.
The business will also provide minor vehicle repair services, which will generate substantial streams of high margin revenue for the Used Car Dealer. The third section of the business plan will further describe the services offered by the Used Car Dealer. The interest rate and loan agreement are to be further discussed during negotiation.
Doe has more than 10 years of experience in the automotive sales industry.
Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations. Doe expects a strong rate of growth at the start of operations.
Below are the expected financials over the next three years. Doe intends to implement marketing campaigns that will effectively target individuals within the target market. The Company is registered as a corporation in the State of New York.
Below is a breakdown of how these funds will be used: Doe is not seeking an investment from a third party at this time. Doe may seek to sell the business to a third party for a significant earnings multiple.
Most likely, the Company will hire a qualified business broker to sell the business on behalf of the Used Car Dealer. Based on historical numbers, the business could fetch a sales premium of up to 4 times earnings. This will allow the Company to earn a significant profit on the sale of the automobiles it sells in addition to the revenue generated from rentals during this time.
As stated earlier, the business will specialize in purchasing automotive inventories that are relatively new.
Management will seek to purchase vehicles that are approximately two to four years of age.Double your chances of getting the funding you need with an industry-leading bu.
All potential sales will be attended to in a timely fashion and long-term salesperson-customer relationships will take precedence over sales closure. Sales Forecast The following table and charts give a run-down on forecasted sales/5(51).
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Free Used Car Dealer Business Plan For Raising Capital from Investors, Banks, or Grant Companies! Below is a description of the used car sales and automotive services offered by the Used Car Dealer.
Sales of Used Cars.
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