Feasibility study for a car rental company

Do you need a sample car rental business plan template or feasibility study report for beginners? Then I advice you read on. You have decided to take over your financial freedom by becoming an entrepreneur.

Feasibility study for a car rental company

Car sharing services Sales Forecast One thing is certain; there would always be corporate organization and individual clients who would need the services of car rental services company. We have been able to critically examine the car rental services market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast.

The sales projection is based on information gathered on the field and some assumptions that are peculiar to similar startups in Fort Lauderdale — Florida. Please note that the above projection might be lower and at the same time it might be higher.

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Be that as it may, we have put plans in place to offer discount services once in a while and also to reward our loyal customers especially when they refer clients to us.

The prices of our services will be same as what is obtainable in the open market. Here are the payment options that we will make available to our clients; Payment by via bank transfer Payment via POS machine Payment via online bank transfer Payment via check Payment via mobile money Payment with cash In view of the above, we have chosen banking platforms that will help us achieve our plans with little or no itches.

Our bank account numbers will be made available on our website and promotional materials so that it will be easier for clients to make payments when necessary. Good enough, there is no hard and fast rule on how to advertise or promote a car rental services business.

The challenge is that most car rental services companies are not as proactive as we intend to be when it comes to effective publicity and advertising. We will ensure that we leverage on all conventional and non — conventional publicity and advertising technique to promote our car rental services business.

Feasibility study for a car rental company

Start — Up Expenditure Budget We have been able to pull cash that will be enough for us to successfully launch a standard car rental services company with fleets of comfortable and reliable cars. We will leverage on leasing opportunity as against outright purchase of cars meant for rental services.

So also in the bid to cut cost, we will contract the servicing and maintenance of all our cars. The cost of Launching an official website: They are the sole financial of the business which is why they decided to restrict the sourcing of the start — up capital for the business to just three major sources.

These are the areas we intend generating our start — up capital; Generate part of the start — up capital from personal savings and sale of his stocks Generate part of the start — up capital from friends and other extended family members Generate a larger chunk of the startup capital from the bank loan facility.

All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited. Car Rental Business Plan — Sustainability and Expansion Strategy It is an established fact that, the future of a business lies in the numbers of loyal customers that they have, the capacity and competence of the employees, their investment strategy and the business structure.

We know that one of the ways of gaining approval and winning customers over is to offer our car rental services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of five years or more as determined by the board of the organization.

We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams. Completed Opening of Corporate Bank Accounts: Completed Opening Mobile Money Accounts: Completed Opening Online Payment Platforms: In Progress Application for business license and permit: Completed Purchase of Insurance for the Business: Completed Acquiring facility and remodeling the facility: In Progress Conducting Feasibility Studies: Completed Generating capital from family members: Completed Applications for Loan from the bank: In Progress Writing of Business Plan: In Progress Recruitment of employees: In Progress Purchase of the Needed pressure washing machines and industrial cleaning equipment, electronic appliances, office appliances and bar accessories: Completed Creating Awareness for the business both online and in the neighborhood: In Progress Establishing business relationship with vendors — car servicing and maintenance, car dealership shops, and gas stations et al:Search the world's information, including webpages, images, videos and more.

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Google has many special features to help you find exactly what you're looking for. This privately owned company, what is known to be America’s #1-car rental company, Feasibility Study, in general definition, is a preliminary study undertaken before initializing a certain project in order to asses and ascertain the likelihood of the project’s success.

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Feasibility study for a car rental company

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