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Jennifer Raney Herriage

Your Rockwall REALTOR®

Sports Equipment Rental Business Plan

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Sports Equipment Rental Business Plan


Velocipede/Snowpede Borrow Bank (VS), a Eugene rental company specializing on snowshoes, is based in Oregon. VS will offer rental of tandem, mountain, or road bikes as well as a variety size snowshoes. Bicycles will be the primary source of revenue from April through November. When the Willamette Valley gets its rains and snowfalls upon the Cascade Mountains in November, snowshoes will be the primary revenue source. Velocipede/Snowpede will provide customers with a detailed map/trip log for both snowshoes or bicycles. The customer will be able follow the trail and find amazing hiking and biking routes. Eugene is a good place to do these kinds of activities due to its enthusiastic cycling population and proximity the Cascade Mt. range.

Eugene has a few rental stores for snowshoes or bicycles. However, their primary line is retail. Renting can be an additional distraction. VS will continue to grow market share through their outstanding customer service. They will become profitable in nine months and generate $150,000 annually in revenue.

1.1 Objectives

The following objectives are set for the initial three years of operation

  • To create a service-based organization whose primary goal it to exceed customer’s expectations.
  • To increase the number or clients served by 20% per annum through superior performance.
  • To establish a viable start-up company that is able to survive off its own cash flow.

1.2 Mission

Velocipede/Snowpede Borrow Bank’s mission? To provide customers with snowshoe and bike rentals as well a suggestion of journeys. We are here to maintain and attract customers. When we adhere to this maxim, everything else will fall into place. Our services will meet or exceed customer expectations.


Beverage Machine Rental Business Plan

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Beverage Machine Rental Business Plan


Margarita Momma rents frozen drink machines. We are available for weddings, parties, and children’s birthdays. We plan to set up concession services at local and fund-raising events within the Copperas Cove, Ft. Hood, Killeen and surrounding areas. You can add alcohol to the frozen beverage, but it’s also enjoyable without. Customers must buy alcohol and add it to the frozen beverages. This is a unique service for the area; however, frozen drink machine rentals have been growing throughout the nation.

The chosen beverage concentrate has natural flavorings, and few preservatives. This makes the concentrate much better than any other brand on the market in both quality and taste. We provide a quality far beyond that found at convenience stores which offer frozen drinks.

Margarita Momma is going to deliver the machine along with everything you need for a successful gathering. Cart delivery includes 50 9-ounce cups, straws, salt, and salt (if necessary for margaritas). The only thing the client must supply is enjoyment. Delivery also includes the mix, and the mixing of the first batch. Here the customer will add alcohol to the drinks. Margarita Momma provided the cart for easy delivery. It also helps to minimize furniture damage. A tray in the cart is deep, which helps to prevent spillages. It also reduces carpet and furniture damage. The cost of the rental includes next-day pick up. This will be done at a convenient time for the customer.

In order to begin renting, Margarita Momma requires $11,960 to purchase three Frosty Factory machines, ten cases of concentrate, two cases of cups, and two cases of straws.

1.1 Objectives

Margarita Momma has set specific goals for the business plan. These are achievable in the first few years. These objectives are outlined below:

  1. For the first two month, we had sales of $2,000 and steady growth for the rest of the year.
  2. To increase from three to six machines by Year 1.
  3. To complete full-time employment in nine months.

1.2 Mission

Margarita Momma will offer a refreshing alternative to the traditional beer at all events, for all ages. We will arrange delivery and setup for the first batch of mix. Machines will be delivered well in advance of party time so that the mix will be ready. The rental cost includes cups, cups, one mix and salt. Straws can be purchased at an additional charge. Written instructions are also included. Extra mixes can be purchased for an additional charge, at the time of rental; but one mix is sufficient for most events. Customers can also pick up the rental mix on the day they are due.

1.3 Keys for Success

Margarita Mama’s success in financial matters is assured by these aspects:

  1. Unique services, unmatched in both quality and presentation.
  2. Low operating overhead
  3. Positive word-of–mouth advertising.
  4. It is a healthy and versatile beverage that can be enjoyed by all ages.


Mopeds Rental Business Plan

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Mopeds Rental Business Plan


An exciting new business idea is possible in Eugene. University Mopeds will to rent mopeds to University of Oregon students, as well as anyone who would have a need for efficient, around-town transportation. There is currently no business like this, in Eugene, which caters to this market.

It is possible to rent a student’s own vehicle during school for just a little more than a monthly cellular telephone bill. Mopeds offer many advantages over cars, including lower operating costs and fuel efficiency. They are also less expensive to maintain. These vehicles are also affordable for insurance at around $30-50 per annum.

This business targets approximately 15,000 students who are full-time. There are also thousands of students who are commuting daily from the Autzen Field area. Parking is hard to find on campus. The bus provides few options. This is where an economical moped can come in handy.

Students don’t have the money to buy a moped but can rent one for $50 per month. University Mopeds would buy used mopeds from $400 to $700 and lease them out. In less than one year, the average moped could be paid off.

University Moped will attempt to reach 1% of full-time students in year one. This would translate into 150 rented mopeds. The 5-year growth rate should be no less than 15%.

University Mopeds may be profitable in year 2. If they purchase a bike at an average price of $550 and rent it for ten months at $50/month, then that is likely to make them profitable.

1.1 Objectives

  1. Rent 150 units in one year.
  2. University Mopeds will be fully self-sufficient and profitable by year three.
  3. Rent at minimum 199 units for the third year and 263 for the fifth year (15% annual increase rate).

1.2 Mission

University Mopeds is the first company to service students. University Mopeds clients can rent quality transport at a fair price. University Mopeds is a profitable company that will pay its employees fairly and make money for its owners.

1.3 Keys for Success

  1. Excellent customer service and value.
  2. Affordable rental prices
  3. Reaching the market.
  4. Integrity in service to our customers results in repeat business.


Aircraft Rental Instruction Business Plan

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Aircraft Rental Instruction Business Plan



Introduction

Lansing Aviation was established as a private business that offers services to student pilots. Lansing Aviation will provide well-maintained aircraft to rent or for flight training. Lansing Aviation will also provide primary and advanced flight instruction through the use of independent flight instructors possessing corporate and airline backgrounds. Lansing Aviation offers professional aviation consulting to meet the needs of individuals, airlines, and corporate clients.


The Company

Lansing Aviation, LLC, was created and legalized as a Michigan Limited Liability Company. All decisions regarding company acquisitions and aircraft purchases will be made by the principle investors and operators.

Lansing Aviation will be operating its aircraft from Capital City Airport (LAN), Lansing, Michigan. The office, records, scheduling, as well as the office for aircraft will all be located off-airport 15 miles north and Capital City Airport.


Services

Lansing Aviation offers services for three areas. These are aircraft rental, flight instruction, or aviation consulting. Lansing Aviation will keep a Cessna 172 Skyhawk up-to-date with the most recent avionics in order to accomplish this.

Our competitive differences include professionally maintained aircraft, renter/instructor insurance, and our 24-hour scheduling service that will allow greater flexibility of our aircraft flight times.

Lansing Aviation intends to grow their aircraft rental portfolio by purchasing complex, high performance, single-engine and multi-engine aircraft for commercial or airline transport pilot rental and training. We plan to use the Internet and an internet-based business website to schedule aircraft in real-time.


The Market

Pilot training has been greatly increased in response to the shortage of airline pilots. The old aircraft rental business in Lansing was forced to add additional aircraft due to the rising demand for pilot training. Mackinac Great Lakes Airlines Systems is Lansing’s largest employer, employing 19,000 employees. We believe these employees are aware about the wonderful careers offered by M-GLAS Pilots. We hope this awareness will generate interest in flying. M-GLAS mechanics as well pilots are often seen flying small planes for entertainment and transportation to their families.

Capital City Airport currently has several students that are unhappy about the quality of their instruction and the state of their aircraft. Our instructors will take you on a flight in our Cessna 172 Skyhawk with your dissatisfaction and help you to generate new business.

Lansing Aviation will initially be targeting students who are interested in getting their private pilot certificate. These students will primarily come from word-of-mouth-advertising from our instructors, students, and other contacts at Mackinac-Great Lakes Airlines System (M-GLAS). Once they complete their private pilot package we will try to continue teaching them through their instrument rating courses with us.

1.1 Objectives

  1. To protect your personal and company assets, create a Limited Liability Corporation.
  2. For flight instruction and rental, purchase a Cessna 172 Skyhawk helicopter.
  3. Minimum 50 hours of flight time per month for revenue.
  4. In order to achieve a net income/profit, aircraft revenue must exceed hangar and insurance costs, fuel, maintenance expenses, and loan expenses.

Success Keys 1.2

  1. Renters and students can plan their schedules more efficiently by using a 24-hour flight schedule.
  2. Marketing the aircraft to the 2,100 Mackinac-Great Lakes Airlines System airline pilots, their familes, friends, and neighbors in Lansing to generate more exposure and word-of-mouth advertising resulting in more revenue flights.
  3. Preventive aircraft maintenance to reduce aircraft downtime.
  4. Students are trained safely and selected aircraft checkouts are done for rent customers. This ensures that the aircraft can be operated safely, respectfully, and with care.

1.3 Mission

Lansing Aviation offers an affordable, professionally-maintained aircraft for rental and flight instruction. While we will provide a safe learning environment for our students, we also adhere to all applicable aviation regulations and federal and state safety rules. Lansing Aviation can provide flight training equipment and a plane to fly once they are certified.

Tools Rental Business Plan

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Tools Rental Business Plan


Borrow My Tools is a start-up company serving the San Mateo, CA community with home improvement tools for lease or rental. The business has been formed as a California S Corporation with Josh Taylor as the primary shareholder. Borrow My Tools offers customers a wide range of common tools for home improvement and benchmarked levels customer service.

The Market

Two distinct markets make San Mateo the most desirable location for Borrow My Tools. The first segment consists of individuals who are embarking on a home improvement project. While some of these customers know exactly what they need in terms of tools, many of them are coming to Borrow My Tools specifically for the expertise and guidance for the home improvement project. There are 54,050 members in the group. This segment sees an average growth rate of 5% each year. Handymen are those who have been hired by clients to finish a project. Because the cost of purchasing tools is so high and there are so many tools to lease available, handymen are attracted to Borrow My Tools because of their plentiful leasing and rental options. There are 1,200 handymen and a 4% growth.

Services

Borrow My Tools offers a range tools for rent or lease. The tools can be divided into three groups: exterior, wood, and assorted. Borrow My Tools rentals and leases tools of exceptional quality. Borrow My Tools established a strategic relationship to a leading leasing company in order to enable customers to lease their tools from them. Leasing can be advantageous in many ways. Customers have the latest and greatest tools to use, capital is not lost, lines of credit are not cut by leasing, and the lessee enjoys certain tax advantages.

Competitive Edge

Josh, a veteran of both the contractor industry and the tool rental/leasing industry is taking his industry observations and carving out a niche in the industry by emphasizing two competitive edges that will greatly assist Borrow My Tools in gaining market share:

  • Highest-quality product offerings: If customers are going to lease or rent tools they want to use the best products. Borrow My Tools purchases the very best tools for each category. This guarantees that customers will be delighted with their selection. Products are kept in top condition so they appear new.
  • Best customer service. The role of Borrow My Tools sales agents is to help customers in all possible ways. This includes determining what tool is most suitable for the job, explaining how to use it and providing suggestions on how to do the job. Every sales rep is the customer’s personal advisor. Borrow My Tools’ mission is to exceed every customer’s expectations.

Borrow My Tools, a new concept, recognizes the shortcomings of the competition’s customer service and uses Borrow My Tools’ phenomenal customer support to help the market segment that needs assistance with rental or lease. Borrow My Tools can quickly grow market share and turn this start-up into a profitable enterprise by adhering to a thorough rental business plan strategy.

Mission

Borrow My Tools’ mission is to offer the finest selection of home improvement tools for the San Mateo Community. Borrow My Tools will provide the best customer service and support for the tools. All customers will receive the best customer service.

Keys to Success

  • Keep a good inventory of high-quality, well-maintained tools.
  • All staff should be extremely familiar with all tools.
  • Maintain tight inventory and accounting controls to reduce overhead and ensure availability.

Objectives

  • To ensure that 70% of the tools are rented by the end of month seven.
  • By year two, you will be financially independent.
  • By year 2, you will be able to generate self-sustaining income.


DISCLOSURES

Texas Real Estate Commission Information About Brokerage Service

Texas Real Estate Commission Consumer Notice

About Jennifer

Unlike many who get into the field, real estate has been the only career for Jennifer Raney Herriage, who has excelled in serving clients for over 20 years.  Having grown up in a real estate family, Jennifer was first inspired by her mother, a broker … Read more...