• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Business Plan - Honkers Car rental

Extracts from this document...

Introduction

Business Plan Business Name: My business is called 'Honkers'. Business Address: Our business is registered to: Saddleworth School High Street Uppermill Oldham OL3 6BU Great Britain Name of Owner: * Our business is currently registered as a partnership business, which means that the only employees are currently Bryn Roberts and Nick Burgess. There is a minimal legal difference between the workers and the company. Legal Status: * We aim to become a partnership with a larger business, which will help us grow and expand, making us larger, and more visible to the public. * Under consideration is the idea that Honkers will become a Limited company. This will mean we can issue shares. This will hopefully result in an increase in profitability. Mission Statement: Our mission statement is: 'to become the best car rental service in Britain' Aims: Our company wants to: * Increase profitability * Improve the range of available cars * Ensure customer satisfaction * Become an international company * Partner with an airline We chose to include: Increasing profitability as this will help our business grow, making our services available to even more customers, we will begin to trade in April, hopefully increasing profitability. ...read more.

Middle

These will be produced at our local school, who has offered us a deal with paper supplies. We will give a series of assemblies to the children here, who will hopefully refer us to their parents. We will follow the four P's of marketing, which will hopefully help us reach the correct market. How will finance be obtained to start your business?: I will get a sustainable amount of money from a loan from the bank, and I will get any more required money from friends, family and shareholders. I will only get money from a bank that is financially, as I do not want to get into financial danger with the business. I will begin to pay it back at the end of the 2011 year as the business will probably be stable and financially secure by then. Barclays: Barclays is my first choice for a loan as they are secure and will hopefully not go into liquidation during my operations with them. If they are not willing to give a loan, I will go to their competition. ...read more.

Conclusion

�1,120. The total cost per annum for staffing wages is (1120 x 52) �58,240. Building Rental The building costs �2,000 for 2 blocks per annum to rent. The total fixed costs of the fiscal year are (6,250 + 58,240 + 2000) �66,490. The total costs for the 2010-11 Fiscal Year is (50,400 + 6,640) �57,040. Sales Cars We aim to rent out at 8 cars each month, with the price of a car per day being on average �250, and the average length of rental predicted to be 7 days. Therefore, the average money gained per customer will be (250 x 7) �1750 and the average predicted money gained for the first month will (1750 x 8) �14,000. The average predicted revenue gained for the first year will be (14000 x 12) �168,000. Our projected total profits for the Fiscal Year 2010-11 are predicted to be (168,000 - 56,890) �11,110 Number Sold Fixed Costs (in �) Variable Costs (in �) Total Costs (in �) Sales Revenue (in �) 2 66,490 12,600 79,090 42,000 4 66,490 25,200 91,690 84,000 6 66,490 37,800 104,290 126,000 8 66,490 50,400 116,890 168,000 10 66,490 63,000 129,490 210,000 ?? ?? ?? ?? By Bryn Roberts 10L ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Case Studies section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Case Studies essays

  1. unit 8 business online p1

    A name must be officially registered before it can be used. It is then leased to the owner for a specified period, after which time the owner can choose to renew it or not. There are loads of issue's when you choosing a Domain name, which are: 1 Your Domain name should be your Website name.

  2. Unit 5 - Customer Service

    * Technical skills to operate computer publishing, paint, drawing, animation programs, operate video cameras and sound equipment etc. Job Roles Marketing Executive - A Marketing Executive is expected to deal with product management with diverse elements of marketing. Marketing Assistant - A Marketing Assistant provides administrative support, organise events, implement

  1. Strengths & weaknesses of a business idea. Research for a new electronics shop.

    With having an electronic store I will need as much money as possible for products. I decided not to become in partnership with someone purely because I want all the profits for myself as well at the making the decisions and another reason why I would not want a partnership

  2. This marketing report is going to look at the internal and external analysis of ...

    This offers peace of mind to the family orientated holidays, as parents know that once they have paid for the holiday, Mark Warner will deal with the rest of the details that they might have to look into with another tour operator.

  1. Evaluation of a 6 task business project

    It will encourage people to use my business and that way I make my money back. So the best way is to print in colour because it would get the money back for the people who come to my business.

  2. Unit 5 - Customer Services A lvl

    The workplace must also be safe for both customers and employees otherwise there can be severe consequences. The employees would also want to be able to work flexible shifts as this will help the employees live their lives out side of work as well such as seeing their families or perhaps looking after their children.

  1. The aim of this assignment is to devise a marketing plan for a new ...

    * Limited liability Disadvantages * It is a big responsibility. * You have to fire people, which is a hard thing to do. * Sole traders are very hard to set up than a partnership. * It takes a lot of time to set it up.

  2. Primark and Blockbuster Describe the main aims and objectives of the business and the ...

    Again opposing the positive feedback. Some say that due to their pay they can?t buy it but overall, it?s good. The two pie charts above show the difference in views in acknowledgment of blockbuster from the students in Drayton manor high school and the people in workplaces or outside in public.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work