Kentino Limo Presented By: Katrina Arias, Michael Urquhart, Andres Navia, Andres Duenas “Always having your needs at hand”
Vehicles 2008 Cadillac Escalade Luxury 2009 Hummer H2 SUV Luxury 2007 Lincoln Town Car Signature 2007 Chrysler 300c Every package includes complimentary martinis, or wine glasses for customers over the age of 21.
2008 Cadillac Escalade Luxury $99, people
2009 Hummer H2 SUV Luxury $109, people
2007 Lincoln Town Car Signat. $31,000 4 people
2007 Chrysler 300c $56, people
Drivers Jose Martin, age 55 Carlos Gonzalez, age 41 Jesus Perez, age 50 All drivers are happily married, experienced limo drivers of at least 15 years, and have all gone through background checks.
Location The limos will be kept in a central located garage. They will be serviced by “Tidy Car Limousine and Car Wash Service” once a week.
Insurance Progressive auto insurance offers the best quote for all four vehicles including the three drivers. 12 month period- $18, Monthly- $1,573.75
License To begin your limousine company you need a limousine license paying a fee of $35 and there is an inspection fee of $20 per vehicle.
Training Training for three drivers will cost $450. The duration of the training is 2 weeks.
Competition The Kentino Limo company will be competing with other limousine services in the area, such as Denver Limo Company.
Capital Additional capital will be required. The company will need to loan from the bank $255,245 to cover the limos, advertisement, services, insurance, and our drivers.
Loan Amount- $255,245 Interest Rate- 8% Loan Term- 30 Years Start Date- March 2009 Property Tax- 1.25% PMI-.5% Mortgage Information
Loan Summary Monthly Principal & Interest- $2, Total Interest Paid- $418, Pay Off Date- February 2039 Total of 360 Payments- $808,
Advertising Billboards – Roughly $1000 per month Yellow Pages Newspaper – Roughly $250 per ad Television Commercial – Roughly $300 to produce
Goals Beginning with four vehicles and three drivers is a realistic goal for Kentino Limo Services and certainly expanding in the future.
Expanding the Company When the loans from the bank have been fully paid and the company starts making profit the company can expand.
Bibliography Progressive representative