Jerry Erickson
Atlanta, GA (USA)
Role(s):
Bio-Fuel Cars, LLC
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Startup
Location:
Atlanta
Industry:
Energy
Year Founded:
2006
Number Employees:
INVALID
Description:
Bio-Fuel Cars is a startup alternative fuel car rental service(in this case biodiesel fuel) in Atlanta. We plan on buying an existing auto body shop (est 1974) with gross revenues of $2.5 million. Net income aves $250-275K/yr. 80% of revenue comes from Insurance (URL removed) plan on launching Bio-Fuel Cars from the auto body shop for 2 reasons: (1)Existing body shop customers often need a rental car while car is being worked on. (2) Overhead for Bio-Fuel Cars will be minimal since we wont be paying rent/lease, or storage fees for cars. Costs will be absorbed by auto body shop, ensuring profitability from Day 1. Auto Body Shop will cost $900K to buy; remaining $1 million we're seeking will fund car acquisitions,eqpt purchases,sales and marketing, and operating capital. Net margins on rentals