This towing company business plan template has 24 pages and is a MS Word file type listed under our business plan kit documents.
Sample of our towing company business plan template:
Confidentiality Agreement The undersigned reader acknowledges that the information provided by [YOUR COMPANY NAME] in this business plan is confidential; therefore, reader agrees not to disclose it without the express written permission of [YOUR COMPANY NAME]. It is acknowledged by reader that information to be furnished in this business plan is in all respects confidential in nature, other than information which is in the public domain through other means and that any disclosure or use of same by reader may cause serious harm or damage to [YOUR COMPANY NAME]. Upon request, this document is to be immediately returned to [YOUR COMPANY NAME]. ___________________ Signature ___________________ Name (typed or printed) ___________________ Date This is a business plan. It does not imply an offering of securities. Table of Contents 1.0 Executive Summary 1 Chart: Highlights 2 1.1 Objectives 2 1.2 Mission 3 1.3 Keys to Success 3 2.0 Company Summary 3 2.1 Company Ownership/Company History 3 2.2 Start-up Summary 3 Table: Start-up 4 3.0 Services 4 4.0 Market Analysis Summary 5 4.1 Market Segmentation 5 4.2 Competition and Buying Patterns 5 5.0 Web Plan Summary 5 6.0 Strategy and Implementation Summary 6 6.1 SWOT Analysis 6 6.2 Competitive Edge 6 6.3 Marketing Strategy 6 6.4 Sales Strategy 8 6.4.1 Sales Forecast 8 6.5 Milestones 10 Table: Milestones 10 7.0 Management Summary 10 7.1 Personnel Plan 10 Table: Personnel 10 8.0 Financial Plan 11 8.1 Start-up Funding 11 Table: Start-up Funding 11 8.2 Break-even Analysis 11 Table: Break-even Analysis 11 8.3 Projected Profit and Loss 12 Table: Profit and Loss 12 Chart: Profit Yearly 12 8.4 Projected Operating Cash Flow 13 Table: Operating Cash Flow 13 8.5 Projected Balance Sheet 13 Table: Balance Sheet 14 8.6 Business Ratios 14 Table: Ratios 15 Table: Sales Forecast 1 Table: Personnel 2 Table: Profit and Loss 3 Table: Balance Sheet 5 1.0 Executive Summary [YOUR COMPANY NAME] [YOUR NAME] [YOUR CITY], [YOUR STATE/PROVINCE] [YOUR ZIP/POSTAL CODE] [YOUR COUNTRY] [YOUREMAIL@YOURCOMPANY.COM] [YOUR PHONE NUMBER] Introduction [YOUR COMPANY NAME] is a roadside assistance and towing company that serves the communities in [YOUR STATE/PROVINCE]. The firm was established 10 years ago and currently operates 4 flat bed tow trucks, serving as an independent contractor for the three major car club organizations that serve [YOUR STATE/PROVINCE]. [YOUR COMPANY NAME]'s mission is to serve the community, believing a car break-down should not ruin you day. Location The firm is located in [YOUR CITY], [YOUR STATE/PROVINCE] and serves the metropolitan area surrounding the city. The Organization The firm is 100% owned and managed full-time by [YOUR NAME], an experienced Entrepreneur who previously owned a messenger/package delivery service and 3 used car dealerships. Services Heavy-Duty Towing & Recovery Light-Duty Towing & Roadside Services Emergency Roadside Services For Autos, Vans, SUVs, Light Trucks, Motor Homes Jump-starts Fuel Delivery Lockouts Standard Vehicle Tire Changes Local & Long-Distance Towing Roadside Services for Trucks The Market The firm serves northern [YOUR STATE/PROVINCE], an area with very high household income due to the heavy presence of government jobs and government related positions and the very high pension income of government retirees. This makes the area somewhat recession proof with a population of 1,248,000. Financial Considerations [YOUR COMPANY NAME] produced $386,000 in sales in 2009 and a net loss of (-$80,000). The firm is projecting $850,000 sales and a $78,000 net profit for 2011. The borrower is now requesting $500,000 in grant funding in order to expand the business by purchasing 3 trucks, hiring 3-5 drivers, and hiring 2 office workers. The firm also needs $25,200 held in cash. Start-up Purchase 3 New Nissan Flatbed Trucks ($82.5k each) $247,500 Purchase 2 New Computer Systems ($2.5k each) $5,000 Additional Advertising Funds (initial marketing) $12,300 Additional Labor Cost (3 drivers @ $50k/yr each) $150,000 Additional Labor Cost (2 office workers @ $30k/yr each) $60,000 Cash Required $25,200 Total Requirements $500,000 The major focus for grant funding is as follows: 1. The firm is a 100% minority-owned. 2. The firm has existing clearance to serve various U.S. government agencies, including the military; and would be available during a state of emergency. 3. Hire employees; the Organization will look to hire veterans, minorities and the unemployed Chart: Highlights 1.1 Objectives 1. Receive $500,000 in grant funding 2. Purchase 3 new Nissan flatbed trucks 3. Hire/train 3 new full-time drivers (possibly 5 part-time drivers) and 2 office workers 4. Quickly grab a higher work load from the existing 5 customers (i.e. car club companies) 5. Achieve $850,000 sales and a $78,000 net profit during 2011. 1.2 Mission The mission of [YOUR COMPANY NAME] is to provide a valuable community service by offering road side assistance and towing to customers who belong to the major car club companies. The firm will strengthen its market share in the [YOUR STATE/PROVINCE] market by offering a speedy, quality, and reliable service. The firm will strive to achieve maximum client satisfaction while at the same time closely managing sales and cost levels in order to maximize the profitability of the firm. 1.3 Keys to Success 1. Receive $500,000 in grant funding 2. Successfully train new drivers and office staff with an emphasis given to professional customer service 3. Continue to focus on offering exceptional customers service (including driving customers to their home or job). 4. Grab additional work load from the existing customer base of five car club companies as quickly as possible 2.0 Company Summary [YOUR COMPANY NAME] is a road side assistance and towing company that was established in 2001 and is located in [YOUR CITY], [YOUR STATE/PROVINCE]. The firm serves as a contract service provider for the five major car clubs companies and provides road side assistance (including towing) to travelers in the area. The company currently has 4 flat bed tow trucks and 4 drivers, but is requesting a $500,000 grant in order to purchase 3 additional flat bed trucks and hire 3 drivers (or possibly 5 part-time drivers) as well a 2 office workers. 2.1 Company Ownership/Company History [YOUR COMPANY NAME] is a C CORP and is owned 100% by [YOUR NAME]. [YOUR COMPANY NAME] was founded in 2001 by [YOUR NAME] and has grown from 1 truck to 4 trucks during that time. The business has been a home-based business during that time and the trucks are located at the owner's residence. [YOUR COMPANY NAME] produced $386,000 in sales in 2009 and a net loss of (-$80,000). In 2008, [YOUR COMPANY NAME] produced $404,000 in sales and a net loss of (-$77,000). The net losses of the firm are for tax purposes, [YOUR NAME] projects that the business will begin producing operating profits with the addition of the 3 vehicles. [YOUR NAME] started this business after selling his messenger and package delivery service business that operated in the same market. 2.2 Start-up Summary The borrower is now requesting $500,000 in grant funding in order to expand the business by purchasing 3 trucks, hiring 3-5 drivers, and hiring 2 office workers. The firm also needs $25,200 held in cash.
