donovan collins
hollywood, FL (USA)
Role(s):
Founder/Owner/Principal
collins car rental and sales co ltd
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Startup
Location:
hollywood
Industry:
Transportation
Year Founded:
2008
Number Employees:
1-10 people
Description:
. Collins car rental and sales co. ltd
Collins car rental and sales co ltd., is registered under the law of jamaica. The purpose of this business
Is to rent cars and car sales. The team players is as has follow, directors: Donovan Collins have had over
Ten years experience in c marketing, mr david guthrie has over twelve years experience selling benz at benz co in jamaica, mr Campbell is ably experience in finance and Administration, while mr devon Collins is in car renting business for over five years.
These four directors also adds business and executive strength to the company.
Collins car rental and sales has no competitor in our location of santa crus Jamaica.
The target market by the company will primarily be the tourist market where it is expected that
60% of its business will be generated from this industry and the remainder to be fulfilled by the
Local market. The market strategy will focus on pricing, customer service and responsiveness
To fleet upgrading. Our market effort will be conveyed through various promotional events
And personal marketing activities . We are now seeking ja$20 million dollars or US$ 300,000
Which is break down as follow:
List of garage equipment cost in ja$
Acetylene welding plant $80,000
Electrical welding plant $75,000
Hydraulic press $45,000
415 watt stand by generator $120,000
Miscellaneous tools, air tool
Sander, rolling jack $350,000
Total $670,000
List of motor vehicles (rental) cost
2 corolla 2005 $2,700,000
1 mitsubishi lancer 2005 $1,250,000
2 toyota yaris 2006 $2,800,000
1 toyota picnic 2005 $1,500,000
Total $8,250,000
Computers and office furnitures $650,000
cars for sales dept
2 toyota yaris 2005 $2,800,000
3 corolla 2005 $4,200,000
2 mitsubishi 2005 $2,500,000
Total $9,500,000
Grand total ja$18,920,000 0r US$300,000
6 CARS for rental where 1 car will rent at $4,000 per day will be for 2009 2010 2011
income 7,432,000 11,494,00 15,838,000
expenditures 4,891,000 5,815,000 7,202,200
net profit 2,541,000 5,679,000 8,635,800
where 3 car is added the second yr and three the third
for car sales dept: markup on a car will be $200,000 – 250,000
where at least 4 cars will sell per week 200,000 x 4 = 800,000
200 cars/ year x 200,000 = 40,000,000 therefore total markup for first yr rental+ sales 22,541,000
300 cars/year x 200,000 = 60,000,000 therefore total markup for sec yr rental + sales 45,679,000
We will give back investor the US$300,000 + 150% interest in 2yrs or this could be a long term