Business Cycle —Ups and downs go with any industry, but with the sale of used vehicles there seems to be more of a plateau. This will allow us to effectively influence and persuade them to buy.
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. The location is in Alpena, Michigan. Budget Cars has established goals in gross profit and volume for the next four years.
Labor Requirements —Budget Cars will have two salaried owners as their main operators.
Objectives of the Management Team Our main objective is to buy and sell quality used vehicles in the first year of operation, with an increase per year of 60 vehicles, ultimately reaching an average of cars per year.
This creates demand for a more rugged, durable unit such as light duty trucks and vans. There was a population increase from 21, to 27, in Alpena County by Any units sold to customers within the rest of the targeted counties will be additional business.
Office and Sales Department —The equipment needed for this area will be two desks, nine chairs, one computer and printer, one fax machine, two phones, copy machine, two calculators, and a coffee machine.
Of 8, housing units, had no means of motorized transportation, 3, owned one vehicle, 3, housing units owned two vehicles, and 1, had three or more.
In order for Budget Cars to reach its projected first-year goal of 15 units per month, only 2. There are also three used car lots in town offering a very limited selection of units.
Also, we will need a building large enough to house a reconditioning center and a sales floor with several private offices. The buyer was becoming better educated, better able to buy—thanks to and month payments—but still confused and fearful of price.
While the sun is shining and the temperatures are warm, outdoor family activities become more popular, encouraging camping, vacations, and sight seeing. Resource Updates Sign up here to be emailed new updates and resources from the book.
We are going to be consistent with our advertising in the "Out and About" section that runs every other week in the Alpena Journal and at least one ad once a month in the Daily Herald.
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