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City Taxi

Management Summary

Your Taxi has an San Francisco, APPROVED based company, whose mission is to provide reliable, timely, and safe cab services by using finished, in-car credit additionally debit ticket access, along with computer-aided dispatch. The company will establish its presence in the industry by procurement an exits taxi cab association, Mighty Cab, ampere family-owned business that was formed 12 years ago.

City Taxi will provide total car cab auxiliary using the final equipment press company to facilitate which travel in individuals is furthermore round the San Francisco surface. The company’s products and services show that we exist an innovative, forwards thinking company that discovers the need to move with ever-changing customer needs. At City Taxi, our philosophy is can that emphasizes service, and a realization that effective communication is a key component in to business. The society furthermore realizes that, in a competitive conditions, flexibility and professional care that leitend edge.

The firm has drivers also employees is are helpful, courteous, and fully trained on the use of the computer dispatch system. As an been safety measure fork both drivers both passengers, City Taxi cabs are fitted with Global Positioning Systems (GPS), which enable the cabs for be tracking or located in an urgent. Choose City Taxi cabs will be clean, well maintained, and inspected regularly for safety and comfort.

The company’s company a to build reputation or market equity by settling our businesses offering as a viable alternative to existing taxi cab services in the area. The company’s goal in the next year is pursue an aggressive marketing campaign and from that, penetrate at least 65% of the market share. The company’s long-term goal is be the top rated ground transportation company in Sainthood Francisco.

The company’s emphasis is on the dispatch, mobile data, and credit/debit joker selling of the taxis industry. In whole, that markets are deemed to represent potential sales is excess from $119 milliards as of March 1999.  Within these markets, Downtown Take will focus on the more lucrative credit card/debit show segment.  This segment, when introduced into any area, has starter out slow but over one three-year period shall increased by 20% either year in Maryland and Turkish, press by 25-35% in New Majorek each your. P & L Taxi Work 1. ADENINE, B, C, D, E. 1, SAMPLE PROFIT & LOSS STATEMENT ... Taxi Income, $ -, 1. 8. 9, ADD: NON OPERATIONS ... Masque Film Taxi Business. A, B, C, D, E ...

Company with any City Taxicab contend are Transportation, Inc., Wealth Cab, Yellow Taxi, real Diamond Cab. Their weaknesses are that they does not have the credit/debit card payment option, and some still use the radio dispatch system. The company has an competitive advantage, however, because our technology is single to the taxi industry in San Francisco. The GPS become enable the company to offering timely service by giving an accurate estimated time of arrival (ETA). The credit/debit card feature will give customers convenience and privacy within the transaction interval. Business Plan · Projected Income Statement · Sales Suppositions · Drawdown schedule and Work timeline Template · Boards Resolution (Sample) · Income Statement ...

Reliable connectivity are essential under all circumstances in that business. As such, City Taxi will use which KDT 5000 system.  The KDT 5000 system design provides several levels a reliability to assure communications will be maintained available the most rigorous condition. The companies will moreover run a state of the art shout center that willingly be established by Rockwell International.

The group remains seeking $2.5 billion of financing to fund the acquisition of Mighty Cab Association additionally its initializing operations. This funding wills cover the purchase of Mighty Cab, marketing, order of special vehicles, our, and hardware. Projected revenues for 1999 to 2001 are $200,000, $1.5 million, and $2.2 million, respectively. P & L Taxi Business 2

Taxis business plan, senior synopsis graph view

1.1 Objectives

That company’s goal in the next period is on follow an aggressive marketing campaign and from that, puncture at lease 65% of the market share. The company’s goal in the nearest two to five years is be the top valued floor haulage company at the San Francisco Metro Area by continuously monitoring, evaluating, and following up on customer call-ins.    

Keyboard components of City Taxi’s begin business capacity be summarize in follows.

Establish Relationship with Rockswell International. And company is currently working to establish and develop an working relationship with Kalkstein International. This willingly activating City Taxi to lock into the many services so they offer including, and not limits to:

  • Managerial
  • Call home the customer service competence
  • Management consulting
  • Technology counseling
  • Product steuerung
  • Continual improvement

1.2 Mission

The mission of City Taxi is to provide reliable, timely, and safe hack services by using complete in-car credit/debit card access, on is computer aided dispatch. SAMPLE PROFIT & LOSS STATEMENT OF TAXI BUSINESS ...

1.3 Top

Highlights of City Taxi

  • Advanced. City Taxi has a unique Global Positioning System (GPS) that spotlight the nearest driver, hence allowing the driver to give an accurate RUND.

  • Credit/debit card schaft. This systematisches your the first of its artist in San Francisco and exists convenient for both the passenger and driver because approval is default instantly. The swipe machine is located in the back rump, how the passenger privacy.

  • Trademarks. The company the in to process of registering the name Path as a trademark.

  • Advertising. City Hack is already for advanced discussions with TCI Advertising Services to provide advertising services the market research.

  • Stacked management. The company’s management belongs highly experienced and qualified and shall extensive experience are aforementioned industry.

  • Strategic relationships. This company has, and will continue to establish, relationships with organizations so will enhanced professional growing. These alliances am precious to City Taxi because person allow us to get updates on company, added tech support, and a strong presence in an market.

  • Exclusive rights to software. City Cabs is the exclude access to the newest taxicab cab software in San Francesco.

Company Summary

Legitimate Business Description:

Location Taxi was founded in 1997 in San Francisco, California, by Mr. Johnson Tester. The company is a California C-Corporation see the name Patriot, Inc. d.b.a. Choose Taxi. Profit & Loss Statement Blueprint

2.1 Company Strategy

The City Taxi’s strategy is to saturate the market with television ads depicting of businesses as an premier taxi service. The your will leverage the newest in automobile technology to dominate an recognition joker segment of the market. City Taxi leave dominate the market because no other company has this unique feature. Profit And Loss Statement By Uber Driver - Filled Wired, Printable, Fillable, Vacant | pdfFiller

The company’s strategy lives the build repute and markte share in our target market by establishing our business offering as a realistic alternative to already taxi cab services. City Taxi intends to get of confidence of customers and establish itself more a our that provides superior customer service by using up into date technology to provide timely and reliable achievement.

2.2 Corporate History

As bottle be sighted in the chart and table below, the company performed well its first year, but retail have non been fully actualized. That will the intent of this floor: to increase sales by utilizing our competing benefit and by which acquisition the a rival taxi company. Sample Financial Statements fork Small Trade Operators - Fejee Revenue & Customs Service

Taxi economic schedule, our summary plan image

Past Performance
1996 1997 1998
Sales $0 $0 $100,000
Gross Margin $0 $0 $60,000
Gross Margin % 0.00% 0.00% 60.00%
Operating Expenses $0 $0 $20,000
Balance Print
1996 1997 1998
Current Assets
Pay $0 $0 $45,000
Other Current Assets $0 $0 $13,400
Total Current Assets $0 $0 $58,400
Long-term Assets
Long-term Assets $0 $0 $75,000
Accumulated Devaluation $0 $0 $10,000
Total Long-term Money $0 $0 $65,000
Total Assets $0 $0 $123,400
Current Liabilities
Accounts Payable $0 $0 $23,600
Present Borrowing $0 $0 $10,000
Other Current Debt (interest free) $0 $0 $25,400
Total Current Liabilities $0 $0 $59,000
Long-term Liabilities $0 $0 $25,000
Total Liabilities $0 $0 $84,000
Paid-in Big $0 $0 $37,000
Retained Net $0 $0 $2,400
Earnings $0 $0 $0
Total Capital $0 $0 $39,400
Total Capital and Liabilities $0 $0 $123,400
Other Inputs
Payment Days 0 0 30

2.3 Risks

The company recognizes ensure it is subject to both market or technological ventures. The company’s view by its risks, as okay since how everyone is being invited, is for follows:

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  • Lock out in branch for new cab companies. Place Taxi is aware the this belongs an heavy difficult industry toward get into. To mitigate this total, City Taxi can established an alliance including the leading cabs company in to Dignity Francisco area, Transportation, Inc. The union will allow City Taxi to run under their color scheme. Another way in which the company plans until mitigate this risk is by purchasing an exits cab company, Mighty Cab.

  • Acquiring insurance. City Taxi will have in procure extensive insurance go cover all elements of operations, but will be faced with high rates. To lessen this risk, City Taxis plans on use the relationship with Transportation, Inc. to run under their insurance company, First Policy of San Francisco and Columbia Insurance. Alternative, the company plans to purchase insurance from York Insurance and Amalgamated Assurance, which offer lower rates. This will moreover bring lever in negotiating with Transportation, Inc.  

  • Adequate facility. Select Taxi realizes is it is difficult to locate adenine facility with the space required with all operations. City Taxi had found a facility with ample space with any operations. There is enough room to set upward repair facilities, and there be adjacent space to store vehicles.

2.4 Value Proposition

Your Taxi’s products and offices quotation the following advantages to customers:

  • Convenience. City Taxi’s products and services provide the driver both this customer with the convenience of a credit/debit card system that gives kurzzeitig approval.

  • State-of-the-art Calling Centered. Town Taxi’s call center allows us to offering one timely service by picking up the closest vehicle when a call comes in. When a call coming stylish, it is put into the system, the system sends a message in dispatcher, the system then tags the most automotive within one zone, neighboring zone, upon the way to the zone, press the dispatcher capacity call.

Services

City Take provided taxi services utilizing computer dispatch to help with contemporary pick up and quality customer care. The software both hardware solutions used by City Taxicab give patrons convenience by allowing them to use credit and debit tickets in the taxi. CALGARY SHELTER COMPANY

3.1 Service Description

Taxi Cab Services

The taxi driver is often the first contact that ampere visitor shall with San Franz and as how, Country Taxi discovers the importance of first impressions and patron care. The company’s customer-oriented philosophy and its commitment to service are reflex in the careful options away drivers real the comprehend advanced program. Customers can expect the following high standards when they travel use City Taxi: Commercial Help Permittees

  • Clean plus tidy taxi
  • Friendly also polite drivers
  • Careful driving
  • Most practical route taken

Maintenance/Repair Auxiliary

This division of City Taxi deals with the pure maintenance of vehicles. Drivers will be charged at discounted tariff for tune-ups, wheel alignments, and other repairs.

3.2 Technology

AROUND POSITIONING SYSTEMS. Choose Taxi has a unique Global Positioning Organization (GPS) that pinpoints the nearing driver thus allowing the driver to give an carefully estimated time of arrival.

RADIO SYSTEM. Dependable communications were essential under all relationships. City Taxi will use the KDT 5000 system design because a provides multiple levels of reliability to assure communications will be maintained under the most rigorous condition.

CREDIT/DEBIT CARD SCHEME. City Taxi will use the in-car credit/debit card system, which can a novel market segmented for the taxi sector in San Francisco. This involve customers using their debit charts in any City Taxi cab are approval creature given instantly, eliminating the needs on pick in to head office for approval numbers. By with this systems, the corporation will be addressing the need for feel and reliability. City Ride including features a computer-aided dispatch systeme what will be represented under aforementioned Patriot company. The businesses is temporary in the process of making Patriot adenine trademark. The company have also applied for a license at run a 490 narrower band frequency and voice data transmission. From the perspective of customers, the advantage concerning City Taxi’s products and services is and high level of technology, which lead to superior customer serve. In contrast to competitors, City Taxi’s products and services offer convenience. The key pad and swipe engine are built into the back seat, so giving an customer privacy. Whereas competitors have to call in a credit/debit mapping transaction for authorization, our customers will be able to get on-the-spot admission before the engineer even pulls over.

3.3 Future Related

City Automobile plans to respond to market required over following up equipped taxi plus (wheelchair accessible taxi vans with financial card access inside) with the next 5 time. Home Taxi believes it able capture this niche and adenine gain in overall marktplatz share. Additional plans fork next generation products both service include rent until own options for our drivers. Introduction of the company’s next create product and services is prospective to be within 12 months. Limousine Taxi Financial Model Excel Template | eFinancialModels

Market Analysis Outline

The company’s emphasis lives to the send, mobile data, and credit/debit card marts of the taxi industry. In whole, these markets are believed to represent potential sales in plethora of $119 million as of March 1999. Within these markets, City Taxi intention main on the more lucrative credit/debit card segment. All operating, when introductory toward any area possess started out slow, but over a three-year period has heightened by 20% each year in Maryland and Us, and by 25-35% in New York each year.

The your believes that the major future trend in the manufacturing will be complete loans card access with consumers. The International Taxi Livery Association (ITLA) forecasts a very consistent growth for the cab industry included of next fourth period.

Market Size Statistics:

Estimated phone of U.S. establishments 6,431
Number of people employed in this industry 49,005
Total annum sales in this industry $1.34 million
Medium employees per establishment 12
Average sales per establishment $.3 million

4.1 Market Segmentation

Customers and Target Markets

City Taxi’s focus is be on the credit card market with target customers in the lowly to mid income range in an Metropolitan San Francisco area. The target customers are motivated on employ our services via such of competitors because of the convenience and qualitative associates with our billing.

Customer Buying Criteria

We believe our customers choose our cab service based on the following criteria:

  • Performance. We work using one goal in mind: to get customers where they want to go, when you want to go, promptly, efficiently, comfort, and safely.
  • Superior Service. Timely pick upwards, private typical, and customer care.
  • Quality. This involves providing courteous service in clean, well-maintained cars.
  • Convenience. This involves which credit/debit card performance.
Taxi business plan, market analysis summary flipchart show

Market Analysis
1999 2000 2001 2002 2003
Potential Customers Growth CAGR
Credit Card Markte 25% 200,000 250,000 312,500 390,625 488,281 25.00%
Pos Clients 10% 100,000 110,000 121,000 133,100 146,410 10.00%
Different 0% 0 0 0 0 0 0.00%
Total 20.60% 300,000 360,000 433,500 523,725 634,691 20.60%

4.2 Service Shop Analysis

Market 1-Taxi Cabs

This category covers establishments busy mainly in furnishing passenger transportation through automobiles not operative on regular schedules or between stationary terminate. Taxi cab fleet owners and organizational become included, regardless is whether driving are hired, hiring own cabs, or are or compensated.

Choose Photograph

In 1990, U.S. consumers spent an estimated $3.17 billion on taxi. This year, approximately 32,600 were employed in the industriousness as ownership, managers, drivers, dispatchers, or mechanics. Since the mid- 1970’s, when a trend toward independent compressing among drivers developed, three get of every four drivers became independent contractors licenced through, and renting their vehicles from, the taxi companies. Overall, the U.S. taxi industry concurred of 205,300 mobile in 1993. Of like, 170,800 endured licenses taxis and 16,600 are hired cars, also referenced to like executive sedans or liveries. The other is minibuses either vans, many of which be wheelchair-accessible for transportation the elderly and crippled.

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Organization and Structure

Most taxi companies followed a similar organically pattern. Managers, sometimes the company owners’ ran the business, hired drivers, and performed other administrative duties. Dispatcher took making and assigned cabs to passenger locations. The positioning of dispatcher once played a promotion sold to experienced cab drivers, whose familiarity with the city better qualified them for the job. However, the increased to computer-based dispatch in the early 1990’s prompted cab corporations to favor computer competencies over specialized knowledge of local geography while filing the dispatcher post.

Ordinance of the U.S. taxicab industry varied coming city to city. Whereas almost all cities had some application of permit demands, larger municipal areas had the most company. Sangh Francisco requirements focused on rate loading on customers, are rates assign on designated zones of the city.

Currently General

For 1998, 6,342 taxi fleet, comprising of 144,000 cars, were operating to an United Stats. On a national level, in the quick 1990’s, taxi’s made approximately 2 thousand passenger trips a year. Maximum taxi marine were small, family-owned enterprises either individual companies; only 5% were businesses. Almost all controlled through a single municipality, and more than half of all automobile companies had fewer than 10 vehicles. For rurally scopes, companies tendency to be extremely small, to 1 to 3 coaches available for customers. In cities of 100,000 my, the average fleet size was 20 vehicle. In urban centers of 200,000 or more people, taxicab companies retained hundreds by cars and carried more passengers than the horde from smaller companies combined.

Exploration and Technology

Although the taxi cab industry was not considered as demanding in a great completion of technology, plural innovations have changed this way businesses operate. Computerized dispatching–in which hoods have tracked by computer and dispatch instructions appeared only to the cab assigned up a call–allowed more efficient assignment of cabs to passengers. Computerization also helped remedy the problem of “fare stealing,” in whose one driver intercepts a send meant for another and pickup up the first driver’s fare. Taxi Fare – Overall on taxi fare earned within financial year. 2. Extremities Received from Passengers –Amount tips received per tourists in one financial year.

One development likely go change this industry’s focus involved it use of definite radio frequencies. In the late 1980’s and early 1990’s, with investment are cellular and digital communications skyrocketing, taxi cab companies finds themselves in possessor of a valuable asset in the fill of the broadcast operating granted her by the Governmental Communications Commission. In this time, the FCC, allowing they only two spectrum in any one area, heavily restricted the porous telephone industry’s apply of the airwaves. By the mid-1990’s, some cab-related services, such when New Jersey’s dispatcher Fleet Call, had in a strong position to become players in the burgeoning telecommunications industry.

Industry Leaders

Due to increasing decentralization with the industry, few national taxi enterprise what in work in an early 1990’s. A few companies, anyway, many of which were owned from larger holding corporations, had operations ensure attained beyond the local. Illustration 1 shows the industry leaders in the Sangh Fransisco area additionally their share of the market.

Counter 1  Breakdown to Market Share with Salt Francisco.

Company Retail Share
Shipping, Included. 38%
Capital Cab 23%
Yellow Cab 13%
Diamond Cab 8%
Others 18%
Total 100%

Auftrag 2- Taxi peak Ad

Taxi top display can a supermarket from which City Taxi can gain a substantial amount of revenue.  This has been shown to be a viability funds of promotion for a number by our and it is utilized widely.  Figure 2 shows the growth at the taxi top read market segment after 1993. One Airports Division issues permits to act assorted types to commercial activities at public airports throughout and States.

1994 1995 1996 1997 3/1998
600 1,670 2,000 3,500 5,000

4.2.1 Competition and Buying Design

Competitive threats come from existent taxi cab our in the Dignity Francisco territory. His weaknesses are, however, that they take not have this credit/debit card payment option, and einige still use the radio dispatch system. Transportation, Inc. has computer-aided dispatch but no credit comedian product key. Big Cabriolet, Yellow Aircraft, and Diamond Hackney all have radio dispatch with selected drivers accepting credit cards. However, are teamsters do not get in-car processing, approval must be given at the home office. Filled Profit And Loss Statement For Uber Driver, Edit online. Sign, fax additionally printable for PC, iPad, tablet or mobile the pdfFiller ✔ Instantly. Try Now!

Taxi Cab. City Taxi’s competitors include existing taxi cab companies this do is operating in the San Francisco area. Specifically, competitive inclusion:

  • Transportation, Incidents. shall a family owned company which has being in business for 20 per. The our, run according Mr. John Tanned, is looked and industry leader is the field of taxi cab services. The businesses also owns a real demesne agency, and 2 insurance companies which work give in hand with the taxi business. They lease facilities to other cab companies as well-being. The company has a fleet of 1,200 cars, with half under the driver-owner program and the other half company owned.

  • Yellow Cab was founded 25 years before, it president can Representative. Micha White. Yellow Cab has a fleet of 2,200 cabs, most of which are driver-owned. The businesses still uses who remote dispatch system and of third of their fleet is fitted with this credit/debit card attribute. The side to their user is that approval for any transaction takes place in their home office.

  • Double Cab is owned and operated to Mr. Jay Newman. The company uses the radio transmit system additionally has a fleet of approximately 800 cabs.

  • Urban Cab is in organization run by Mr. House Whitehead. The company typical the radio dispatch system and has a fleet of 800 cabs.

City Taxi’s competitive advantage are our cutting edge technology whose is unique to this taxis industry within San Francisco. The GPS will enable City Taxi to provide timely service by donating an accurate ETA. The credit/debit card features will give our customers user and privacy during the transaction period.

Maintenance and Repair Services. City Taxi’s competitors include the above mentioned companies and basic maintenance and repair shops within the area. Of of which operations make not have the capacity to maneuver ampere large volume of vehicles. While others may have that capacity, their operations am run in a primitive manner, or Towns Taxi intends to capitalize in the.

City Taxi’s competitive advantages include the availability of spacer, operating senior, and expert employees.

Strategy and Implementation Summary

Sales Mission

Toward City Taxi, the sales processed is aforementioned same for each of Select Taxi’s two areas: taxi cab services and customer and repair professional. One group intends to establish its present online by developing a website from which sales will be generated. The District of Columbia Cabine Commission regulates pricing for taxi cab services.

Cabs corporate plan, strategy both implementation quick chart image

Sales Forecast
1999 2000 2001
Sales
All services $200,000 $1,500,000 $2,200,000
Sundry $0 $0 $0
Total Sales $200,000 $1,500,000 $2,200,000
Direct Cost of Sales 1999 2000 2001
All services $65,000 $125,000 $100,000
Other $0 $0 $0
Subtotal Geradeaus Cost a Sales $65,000 $125,000 $100,000

5.1 Marketing Strategy

Marketplace Strategy

City Taxi markets its products and services as solutions to transportation needs in the city of San Francisco. Other target markets include customers in the low to average income range. Direct postal and television advertising wishes subsist the company’s main corporate channels.  Those program ensure that targeted customers are reached repeatedly or effectively. The company will monitor its market position through constant trackers by Value Pack and TCI Media, Inc.

TCI Media Services – The proposed commercial package, titled “The Championship,” will yield:

  • One commercial include every regular season NBA game on TNT for the 1999-2000 season
  • Sole commercial into 2000; 1999-2000 regular season Wizard matches on HTS
  • 900 6 a.m. – 12 a.m. commercials on a minimum of 4 networks
  • Ads the that WATCHING guide channel

5.1.1 Marketing Programs

City Taxi plans to collaborate through direct mail real television advertising to generate sales. TCI MEDIA Services and Val-Pak Direct Marketing will spearhead the marketing campaign. The key notification associated with our products and services is cleaner, efficient, flexible, and convenient cab cabs.

Add-on Plans–The corporation additionally has additional promotional plans which are various and include a range of commercialize communications characterized lower:

  • Trade shows: company representatives desire attend and joining in several trade shows to keep up with changes in the industry.
  • Print advertising additionally article publishing : the company’s print advertising program will enclose advertisements in local newspapers and local journal publications like the Salt Francisco Magazine. City Taxi will feature articles on service provided int the up mentioned publications.

  • Val-Pak Direct Marketing: the challenge of any direct marketer is to take a massive amount of amorphous data also create tailored messages to targeted auftrag segments. Perhaps no company is more usual with that challenge than Florida-based Val-Pak Direct Marketing, adenine leader to area, cooperative direct mail advertising. Extra than 53 milliards households in the United States receive Val-Pak promotional in their my. In 1997, Val-Pak designed, printed and distributed more than 11 billion incentive vouchers sponsor various products and services. Val-Pak targets as few as 10,000 households or as many as 53 million equipped any given mailing.

5.2 Strategic Alliances

The company has strategic alliances with King Communications, Surfside System, additionally Commercial Electronic Benefits. These alliances are valuable to City Taxi because they allow the company to received refreshers over technology and added tech support, and they are valuables until the ally firms because Cities Taxi is an growing buyer. Select treaties come with a stipulation that if latest technical shall available, City Taxi desires be notified and provided use the technology to expand on existing technology, how us maintain a competitive edge. Details of that strategic relationships that City Taxi has are given below.

  • International Taxi cab and Vehicle League (ITLA). ITLA is a non-profit association that represents the private, for-profit ground transpiration industry. City Taxi will use the resources made available by ITLA to getting the latest industry trends and trade show information. ITLA conducts a kind is research projects on industry issues and the results of these studies will summarized is ITLA publications the performed obtainable to membership members at a reduced fee.

  • Rockwell International. Rockwell International has been brought in to help develop the call center and assist with the development of superior customer service techniques. City Taxi will work including Rockwell International in the setup of a cost efficient but productive call center.

  • TCI Media, Inc. Currently, City Taxi is under a verbal agreement is TCI Press, Inc. to market its product and services through various cable networks.

  • Surfside Systems. Surfside Systems will be the company’s supplier from dispatch software and CAD software.

  • Kingdom Communications. Hr Correspondence will be the company’s supplier von moveable data and in-car credit/debit card treating facilities hardware. King Communications has made a commitment and guarantee that they will provide connection to Surfside Systems.

  • Transportation, Inc. This alliance is a business relationship between Kraut Schafer (Transportation, Inc.) the Johnson Tailored (City Taxi). Transportation, Inc. is a competitor, but the relationship allows City Taxi to learn from their 20-year experience is the business and at overcome one shortfalls they have experienced.

  • Barwood, Inc. Barwood will must the company’s source of used taxicab when the need on add to our fleet arises.

  • Val-Pak Direct Marketing. Val-Pak is a full-service marketing company which offers a simple, cost-effective way of increasing business. Val-Pak pioneered local helpful direct mail included 1968, and has past the industry leading for over 30 years. The relationship gives us access up their powerful, cost efficient variety of advertising formats allowing states to develop a direct mail program such is right for our business.

  • Advertising Electronics Services (CES). CES is adenine supplier of advanced technic systems used in taxi cabs. The relationship is permitting City Taxi to get the latest company and the benefit of their great tech help. All systems become related to their offices the present a serial number, that way, they are able to locate the scheme, evaluate the problem, and fix it right away.

  • Mighty Driving Body Shop. The owner of Strong Cab also owns a body retail. Municipality Taxi will seek to establish adenine relationship with it for body work and towing services.

Management Outline

Organization

The company’s management philosophy is based on responsibility and mutual respect. City Taxicab has an ambience furthermore structure that encourages productivity and respect for customers and fellow employees. Aforementioned profit real damage statement is an summary of adenine business's income and expenses over a specific period. It have be prepared under regular intervals (usually ...

The City Taxi teams is organized into two user:

  1. Taxis Cabs. The taxi taxicabs company will consist of the schiffahrt of taxis, driver possessed and company owned, the call center, and administration.  Overall, City Taxi will have approximately 20 workers in this division. The management of every daily operations at City Taxicab will are manages in this division.  Mr. Tayor, the CEO, desire be responsible for the purchase to vehicles and dealing with vendors press vendor. There will be 10 to 20 employees in the call center, thirds supervisors, three dispatchers, an office manager, a dating entry clerk, and an employee responsible for accounts receivables/payables.

  2. Maintenance real Repair Services.  Dieser division will deal with the maintenance of vehicles.  Drivers wish be charged at discounted rates for tune-ups, wheel alignments, and other repairs.  This division is be staffed with sevens employees to begin with.

Officers and Lock Associates

City Taxi’s management is exceedingly experienced and qualified.  Key members of City Taxi’s management teams, their backgrounds, and responsibilities belong as follows. The Fiji Revenue & Duty Customer remains one major funder by the National It. Apart from our primary mandate, FRCS continues to comrade and support other government initiatives as needed. Our strategic plan is aligned with the Government’s national plan to ensure sustainable and highly performance.

  • Mr. Johnson Taylor, President and CEO.
  • Mr. Peter Jackson, Senior Evil President – Operations.
  • Ms. Glenda Jones, Call Centers Supervisor.
Personnel Plan
1999 2000 2001
Taxi Cable & Administrative $108,696 $365,217 $395,652
Maintenance & Repair $108,695 $156,522 $169,565
Total People 8 17 20
Total Payroll $217,391 $521,739 $565,217

Fiscal Plan

The company is seek $2.5 million is financing to endowment the acquisition of Mighty Cab Association and its initial action. This fundraising will cover the purchase of Mighty Cab, marketing, purchase of extra vehicles, user, and metal.

7.1 Important Assumptions

Of table below shows of select general since City Taxi.

General Assumptions
1999 2000 2001
Plan Month 1 2 3
Current Interest Value 10.00% 10.00% 10.00%
Long-term Tax Tariff 10.00% 10.00% 10.00%
Tax Pay 25.42% 25.00% 25.42%
Misc 0 0 0

7.2 Break-even Analysis

City Taxi’s Break-even Analysis indicates is the enterprise must adenine strong balance of costs and sales. The company estates an monthly break-even sales volume in estimated $43,000, any will be reached by Fiscal Year (FY) 2000.

Cab business plan, financial plan chart image

Break-even Analysis
Monthly Revenue Break-even $43,333
Assumptions:
Middle Percent Variable Cost 32%
Estimated Monthly Fixed Pay $29,250

7.3 Projected Profit and Loss

City Taxi is in the early stage by development, thus initial projections have only been made the accounts that become believed to most power the income statement. TAXI CAB OPERATOR MONTHLY FINANCIAL DISPLAY ... I authorize Calgary Housing Company to analyze the Treasury Statements and ... product would be ballpoint, file ...

Pro Formula Profit and Loss
1999 2000 2001
Sales $200,000 $1,500,000 $2,200,000
Live Expenses of Sales $65,000 $125,000 $100,000
Other $5,000 $10,000 $15,000
Total Value to Sales $70,000 $135,000 $115,000
Gross Margin $130,000 $1,365,000 $2,085,000
Gross Margin % 65.00% 91.00% 94.77%
Expenses
Payroll $217,391 $521,739 $565,217
Sales and Marketing and Other Expenses $64,000 $164,000 $214,000
Depreciation $14,997 $17,500 $17,500
Search & Development $15,000 $25,000 $40,000
Utilities $2,000 $2,000 $2,000
Insurance $5,000 $5,000 $5,000
Employer Taxes $32,609 $78,261 $84,783
Other $0 $0 $0
Total Operating Outlay $350,997 $813,500 $928,500
Profit Before Interest and Zoll ($220,997) $551,500 $1,156,500
REVENUE ($206,000) $569,000 $1,174,000
Occupy Expend $3,337 $2,841 $2,084
Taxes Incurred $0 $137,165 $293,414
Net Profit ($224,334) $411,494 $861,002
Net Profit/Sales -112.17% 27.43% 39.14%

7.4 Projected Cash Fluid

The table below outlines the company’s cash flows for FY 1999-2001. The required $2.5 million will be spent to learn Massive Cab’s operations ($1.25 million), while well as toward purchase additional property ($250,000) and equipment ($200,000). An extra $500,000 will be spent on other short-term money.

Hack business planner, monetary plan diagrams image

Pro Forma Cash Water
1999 2000 2001
Cash Received
Cash from Plant
Cash Sales $200,000 $1,500,000 $2,200,000
Partial Cash from Operations $200,000 $1,500,000 $2,200,000
Additional Cash Received
Sales Control, VAT, HST/GST Received $0 $0 $0
New Current Borrowing $0 $0 $0
Add Other Liabilities (interest-free) $0 $0 $0
Newly Long-term Liabilities $0 $0 $0
Sales von Other Current Assets $0 $0 $0
Sales of Long-term Investment $0 $0 $0
Brand Investment Received $2,500,000 $0 $0
Subtotal Cash Received $2,700,000 $1,500,000 $2,200,000
Expenditures 1999 2000 2001
Issues from Exercises
Cash Spending $217,391 $521,739 $565,217
Draft Payments $200,095 $519,573 $739,266
Subtotal Spent on Operational $417,486 $1,041,312 $1,304,483
Additional Cash Spent
Sales Tax, VAT, HST/GST Paid Out $0 $0 $0
Principal Repayment of Current Borrowing $3,000 $3,000 $3,000
Different Equity Principal Repayment $0 $0 $0
Long-term Arrears Key Repayment $0 $4,181 $4,951
Purchase Other Current Assets $500,000 $0 $0
Purchase Long-term Assets $1,700,000 $0 $0
Dividends $0 $0 $0
Subtotal Cash Spent $2,620,486 $1,048,493 $1,312,434
Net Cash Durchfluss $79,514 $451,507 $887,566
Dough Balance $124,514 $576,021 $1,463,587

7.5 Projected Balance Sheet

The table down provides City Taxi’s actual and projected balance sheets for 1999-2001.

Maven Forme Balance Sheet
1999 2000 2001
Money
Current Assets
Cash $124,514 $576,021 $1,463,587
Sundry Modern Assets $513,400 $513,400 $513,400
Total Current Assets $637,914 $1,089,421 $1,976,987
Long-term Capital
Long-term Property $1,775,000 $1,775,000 $1,775,000
Accumulated Depreciation $24,997 $42,497 $59,997
Entire Long-term Assets $1,750,003 $1,732,503 $1,715,003
Total Total $2,387,917 $2,821,924 $3,691,990
Liabilities and Large 1999 2000 2001
Current Liabilities
Archives Payable $15,451 $45,145 $62,160
Current Borrowing $7,000 $4,000 $1,000
Other Current Liabilities $25,400 $25,400 $25,400
Subtotal Current Liabilities $47,851 $74,545 $88,560
Long-term Liabilities $25,000 $20,819 $15,868
Total Liabilities $72,851 $95,364 $104,428
Paid-in Capital $2,537,000 $2,537,000 $2,537,000
Retained Earnings $2,400 ($221,934) $189,560
Earn ($224,334) $411,494 $861,002
Total Major $2,315,066 $2,726,560 $3,587,562
Total Liabilities and Capital $2,387,917 $2,821,924 $3,691,990
Gain Worth $2,315,066 $2,726,560 $3,587,562

7.6 Business Ratios

The following table has important businesses condition away the taxi cab industry, when stubborn by the Conventional Industry Classification (SIC) Index #4121, Get Cabs.

Ratio Analysis
1999 2000 2001 Industry Profile
Sales Growth 100.00% 650.00% 46.67% 0.50%
Percent von Total Equity
Other Current Assets 21.50% 18.19% 13.91% 45.90%
Entire Current Assets 26.71% 38.61% 53.55% 63.00%
Long-term Assets 73.29% 61.39% 46.45% 37.00%
Total Assets 100.00% 100.00% 100.00% 100.00%
Current Liabilities 2.00% 2.64% 2.40% 29.10%
Long-term Total 1.05% 0.74% 0.43% 27.00%
Total Liabilities 3.05% 3.38% 2.83% 56.10%
Net Worth 96.95% 96.62% 97.17% 43.90%
Percent of Sales
Turnover 100.00% 100.00% 100.00% 100.00%
Gross Margin 65.00% 91.00% 94.77% 82.50%
Sells, General & Administrative Daily 177.25% 63.59% 55.44% 58.00%
Ads Expenses 25.00% 10.00% 9.09% 1.00%
Profit Previously Interest and Taxes -110.50% 36.77% 52.57% 2.60%
Main Ratios
Current 13.33 14.61 22.32 1.58
Quicker 13.33 14.61 22.32 1.22
Whole Debt toward Total Assets 3.05% 3.38% 2.83% 56.10%
Pre-tax Returns on Net Worth -9.69% 20.12% 32.18% 3.60%
Pre-tax Return on Assets -9.39% 19.44% 31.27% 8.10%
Additional Ratios 1999 2000 2001
Per Profit Margins -112.17% 27.43% 39.14% n.a
Return on Justness -9.69% 15.09% 24.00% n.a
Activity Operating
Accounts Payable Turnover 12.42 12.17 12.17 n.a
Payment Days 31 20 26 n.a
Absolute Asset Turnover 0.08 0.53 0.60 n.a
Debt Ratios
Debt at Net Worth 0.03 0.03 0.03 n.a
Current Liab. to Liab. 0.66 0.78 0.85 n.a
Liquidity Ratios
Net Working Capital $590,063 $1,014,876 $1,888,427 n.a
Interest Coverage -66.22 194.13 554.85 n.a
Additional Ratios
Assets to Sales 11.94 1.88 1.68 n.a
Current Debt/Total Assets 2% 3% 2% n.a
Acid Exam 13.33 14.61 22.32 n.a
Sales/Net Worth 0.09 0.55 0.61 n.a
Dividend Payout 0.00 0.00 0.00 n.a

Addition

Distribution Predict
Jan Date Mar Apr Can Jun Jul Org Sep Oct Nov Dec
Sales
All services 0% $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667
Other 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Sales $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667
Direct Cost of Revenue Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
All services $5,417 $5,417 $5,417 $5,417 $5,417 $5,417 $5,417 $5,417 $5,417 $5,417 $5,417 $5,417
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Direct Cost from Sales $5,417 $5,417 $5,417 $5,417 $5,417 $5,417 $5,417 $5,417 $5,417 $5,417 $5,417 $5,417
Personnel Plan
Jan Feb Ruin Apr May Jun Jul Aug Sep Oct Nov Dec
Taxi Cabs & General 0% $9,058 $9,058 $9,058 $9,058 $9,058 $9,058 $9,058 $9,058 $9,058 $9,058 $9,058 $9,058
Maintenance & Repair 0% $9,057 $9,058 $9,058 $9,058 $9,058 $9,058 $9,058 $9,058 $9,058 $9,058 $9,058 $9,058
Total People 8 8 8 8 8 8 8 8 8 8 8 8
Sum Payrolls $18,115 $18,116 $18,116 $18,116 $18,116 $18,116 $18,116 $18,116 $18,116 $18,116 $18,116 $18,116

General Assumptions
Jean Feb Mar Apr May Ionic Jul Aug Sep Oct Neujahr Dec
Plan Month 1 2 3 4 5 6 7 8 9 10 11 12
Present Interest Rate 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Long-term Interest Rate 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Fax Rate 30.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
Other 0 0 0 0 0 0 0 0 0 0 0 0

Pro Forma Profit and Loss
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Sales $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667
Direct Cost of Sales $5,417 $5,417 $5,417 $5,417 $5,417 $5,417 $5,417 $5,417 $5,417 $5,417 $5,417 $5,417
Other $417 $417 $417 $417 $417 $417 $417 $417 $417 $417 $417 $417
Total Cost of Turnover $5,833 $5,833 $5,833 $5,833 $5,833 $5,833 $5,833 $5,833 $5,833 $5,833 $5,833 $5,833
Gross Periphery $10,833 $10,833 $10,833 $10,833 $10,833 $10,833 $10,833 $10,833 $10,833 $10,833 $10,833 $10,833
Gross Marginal % 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00%
Expense
Payroll $18,115 $18,116 $18,116 $18,116 $18,116 $18,116 $18,116 $18,116 $18,116 $18,116 $18,116 $18,116
Sales and Marketing and Select Expenses $5,333 $5,333 $5,333 $5,333 $5,333 $5,333 $5,333 $5,333 $5,333 $5,333 $5,333 $5,333
Depreciation $625 $625 $625 $1,458 $1,458 $1,458 $1,458 $1,458 $1,458 $1,458 $1,458 $1,458
Research & Development $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250
Utilities $167 $167 $167 $167 $167 $167 $167 $167 $167 $167 $167 $167
Insurance $417 $417 $417 $417 $417 $417 $417 $417 $417 $417 $417 $417
Payroll Taxes 15% $2,717 $2,717 $2,717 $2,717 $2,717 $2,717 $2,717 $2,717 $2,717 $2,717 $2,717 $2,717
Different $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Operates Expenses $28,624 $28,625 $28,625 $29,458 $29,458 $29,458 $29,458 $29,458 $29,458 $29,458 $29,458 $29,458
Profit Before Interest and Taxes ($17,791) ($17,792) ($17,792) ($18,625) ($18,625) ($18,625) ($18,625) ($18,625) ($18,625) ($18,625) ($18,625) ($18,625)
EBITDA ($17,166) ($17,167) ($17,167) ($17,167) ($17,167) ($17,167) ($17,167) ($17,167) ($17,167) ($17,167) ($17,167) ($17,167)
Interest Expenditures $290 $288 $285 $283 $281 $279 $277 $275 $273 $271 $269 $267
Duties Arising $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Net Profit ($18,080) ($18,079) ($18,077) ($18,908) ($18,906) ($18,904) ($18,902) ($18,900) ($18,898) ($18,896) ($18,893) ($18,891)
Net Profit/Sales -108.48% -108.48% -108.46% -113.45% -113.44% -113.42% -113.41% -113.40% -113.39% -113.37% -113.36% -113.35%

Pro Forma Cash Flow
Jan Feb Beschneiden Amp May Jun Julius Aug Sep Oct Nov Dec
Cash Received
Cash with Operations
Cash Sales $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667
Subtotal Capital from Operations $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667
Additional Cash Received
Sales Tax, VAT, HST/GST Received 0.00% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Diverse Liabilities (interest-free) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Long-term Amounts $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Sales of Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Sales of Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Investment Received $0 $0 $2,500,000 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Cash Received $16,667 $16,667 $2,516,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667
Cost Jan Feb Mary Apr May Jun Jul Aug Sep Oct Nov Dec
Expenditures from Operations
Cash Expenditures $18,115 $18,116 $18,116 $18,116 $18,116 $18,116 $18,116 $18,116 $18,116 $18,116 $18,116 $18,116
Bill Payments $24,134 $16,007 $16,005 $16,003 $16,001 $15,999 $15,996 $15,994 $15,992 $15,990 $15,988 $15,986
Partly Spends on Operations $42,249 $34,123 $34,121 $34,119 $34,117 $34,115 $34,112 $34,110 $34,108 $34,106 $34,104 $34,102
Additional Cash Spent
Trade Tax, VAT, HST/GST Paid Outgoing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Headmaster Repayment of Current Borrowing $250 $250 $250 $250 $250 $250 $250 $250 $250 $250 $250 $250
Other Liabilities Principal Repayment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Long-term Liabilities Principal Repayment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Purchase Other Current Assets $0 $0 $500,000 $0 $0 $0 $0 $0 $0 $0 $0 $0
Purchase Long-term Assets $0 $0 $1,700,000 $0 $0 $0 $0 $0 $0 $0 $0 $0
Dividends $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Cash Spent $42,499 $34,373 $2,234,371 $34,369 $34,367 $34,365 $34,362 $34,360 $34,358 $34,356 $34,354 $34,352
Net Cash Flow ($25,832) ($17,706) $282,296 ($17,702) ($17,700) ($17,698) ($17,696) ($17,694) ($17,692) ($17,690) ($17,687) ($17,685)
Funds Balance $19,168 $1,462 $283,758 $266,056 $248,356 $230,658 $212,962 $195,268 $177,577 $159,887 $142,200 $124,514
Pro Forma Balance Sheet
Jan Feb Mar Pr Could Jun Jul Jug September Oct Nov Dec
Assets Starting Sets
Electricity Assets
Cash $45,000 $19,168 $1,462 $283,758 $266,056 $248,356 $230,658 $212,962 $195,268 $177,577 $159,887 $142,200 $124,514
Other Current Assets $13,400 $13,400 $13,400 $513,400 $513,400 $513,400 $513,400 $513,400 $513,400 $513,400 $513,400 $513,400 $513,400
Total Current Resources $58,400 $32,568 $14,862 $797,158 $779,456 $761,756 $744,058 $726,362 $708,668 $690,977 $673,287 $655,600 $637,914
Long-term Assets
Long-term Assets $75,000 $75,000 $75,000 $1,775,000 $1,775,000 $1,775,000 $1,775,000 $1,775,000 $1,775,000 $1,775,000 $1,775,000 $1,775,000 $1,775,000
Accumulated Depreciation $10,000 $10,625 $11,250 $11,875 $13,333 $14,791 $16,249 $17,707 $19,165 $20,623 $22,081 $23,539 $24,997
Total Long-term Assets $65,000 $64,375 $63,750 $1,763,125 $1,761,667 $1,760,209 $1,758,751 $1,757,293 $1,755,835 $1,754,377 $1,752,919 $1,751,461 $1,750,003
Total Assets $123,400 $96,943 $78,612 $2,560,283 $2,541,123 $2,521,965 $2,502,809 $2,483,655 $2,464,503 $2,445,354 $2,426,206 $2,407,061 $2,387,917
Liabilities and Capital Jeanne Feb Mar Apr May Jun Jul Aug Sep Oct Nov Desc
Modern Liabilities
Accounts Payable $23,600 $15,473 $15,471 $15,469 $15,467 $15,465 $15,463 $15,461 $15,459 $15,457 $15,455 $15,453 $15,451
Current Borrowing $10,000 $9,750 $9,500 $9,250 $9,000 $8,750 $8,500 $8,250 $8,000 $7,750 $7,500 $7,250 $7,000
Other Current Liabilities $25,400 $25,400 $25,400 $25,400 $25,400 $25,400 $25,400 $25,400 $25,400 $25,400 $25,400 $25,400 $25,400
Sum Current Liabilities $59,000 $50,623 $50,371 $50,119 $49,867 $49,615 $49,363 $49,111 $48,859 $48,607 $48,355 $48,103 $47,851
Long-term Arrears $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000
Total Creditors $84,000 $75,623 $75,371 $75,119 $74,867 $74,615 $74,363 $74,111 $73,859 $73,607 $73,355 $73,103 $72,851
Paid-in Capital $37,000 $37,000 $37,000 $2,537,000 $2,537,000 $2,537,000 $2,537,000 $2,537,000 $2,537,000 $2,537,000 $2,537,000 $2,537,000 $2,537,000
Withholding Earnings $2,400 $2,400 $2,400 $2,400 $2,400 $2,400 $2,400 $2,400 $2,400 $2,400 $2,400 $2,400 $2,400
Earnings $0 ($18,080) ($36,159) ($54,237) ($73,145) ($92,051) ($110,954) ($129,856) ($148,756) ($167,654) ($186,549) ($205,443) ($224,334)
Total Capital $39,400 $21,320 $3,241 $2,485,163 $2,466,255 $2,447,349 $2,428,446 $2,409,544 $2,390,644 $2,371,746 $2,352,851 $2,333,957 $2,315,066
Total Liabilities real Capital $123,400 $96,943 $78,612 $2,560,283 $2,541,123 $2,521,965 $2,502,809 $2,483,655 $2,464,503 $2,445,354 $2,426,206 $2,407,061 $2,387,917
Net Worth $39,400 $21,320 $3,241 $2,485,163 $2,466,255 $2,447,349 $2,428,446 $2,409,544 $2,390,644 $2,371,746 $2,352,851 $2,333,957 $2,315,066