Auto Paradise, a dynamic start up company, requires $934 100 to set up a four-bay automated and two-bay self-serve car washes that provide outstanding car care services for the San Angelo community. Quality services that will exceed expectations will establish Auto Paradise as the premiere car wash service in San Angelo, Texas. Bobby and Vicki lewallen pledge $45,000 to the company. They are now looking for investors to increase their $150,000 investment, which will cover 20% of the company’s stock. Auto Paradise promises to provide the highest quality vacuum/shampoo, self-serve carwash and laser car wash. Auto Paradise can also provide ATM services and sell reverse osmosis on-site water.
Auto Paradise has a strong management team. The President and Chief Executive Officer at Auto Paradise Texas Corporation will be Mr. Lewallen. He has extensive experience in leadership, management and organization. He has served our country for the last 10 years as an officer in the United States Army. He served as a Company Commander and a Brigade Logistics Officer for one year during those 10 years. As such, his role was to coordinate, plan and execute complex missions and deployments.
Extensive research indicates that the mild winter climate in San Angelo will support steady year-round sales. Auto Paradise’s Avenue N marketing campaign and location will attract residents, Angelo State University and Goodfellow Air Force Base users. Auto Paradise will be located at the intersection of two major roads, San Angelo. Direct competition is limited primarily to obsolete “tunnel” or friction car washes. Auto Paradise boasts the Laserwash 4000 system that is ‘#8220’ touchless, spot-free. Washing Equipment of Texas will be located in San Angelo.
Auto Paradise will open approximately 90 days after securing financing. Mr. Lewallen has several options for you to invest in Auto Paradise.
- Company stock: Mr. Lewallen offers 20% of company stock to investors. Offering 1% of company stocks for $7,500 This capital will allow Auto Paradise’s first location to be established. Auto Paradise will distribute $2,500 each 1% share for the first three years.
- Secured Investment: Mr. Lewallen offers a 10% annual return on a three-year investment. Mr. Lewallen is willing to secure these investments with personal assets/investments.
Mr. Lewallen will get an SBA loan from Compass Bank San Antonio. This is designed to ensure Auto Paradise’s success over the initial months. The $740,000.400 loan includes two elements that help build capital. First, the loan has a 10% (69,000 USD) construction contingency. The contingency will convert to operating cash if the construction costs match the estimate. There is also nine months of interim income that will defer payment for the long-term loan.
Lewallen’s willingness to invest large amounts of cash in this venture is aided by the fact that he doesn’t depend on his business profits during the initial 6-12 months. These factors will allow Mr. Lewallen’s expansion to a second location in the first two year of operation.
1.1 Objectives
1. Average monthly sales of 28,000
2. Do you want to open another site?
3. Distribute a 33% (3,500/share) payment to the initial investors each year in order to recuperate initial investment.
1.2 Mission
Auto Paradise is dedicated to providing its customers the ultimate car care experience. Focusing all of its energy and resources on customer satisfaction and value, while providing owners and employees an excellent reward.
1.3 Keys To Success
Auto Paradise can be found near the intersections of two major roads, San Angelo. Direct competition is limited only to #8220tunnel#8221 or friction car washes.
Auto Paradise will boast the Laserwash 4000 “touchless, spot-free” system. Washing Equipment of Texas is located in San Angelo. It will provide all equipment, maintenance support, and more.
