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Kentino Limo

Kentino Limo. Presented By: Katrina Arias, Michael Urquhart, Andres Navia , Andres Duenas. “Always having your needs at hand”. Vehicles. 2008 Cadillac Escalade Luxury 2009 Hummer H2 SUV Luxury 2007 Lincoln Town Car Signature 2007 Chrysler 300c .

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Kentino Limo

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  1. Kentino Limo Presented By: Katrina Arias, Michael Urquhart, Andres Navia, Andres Duenas “Always having your needs at hand”

  2. Vehicles • 2008 Cadillac Escalade Luxury • 2009 Hummer H2 SUV Luxury • 2007 Lincoln Town Car Signature • 2007 Chrysler 300c Every package includes complimentary martinis, or wine glasses for customers over the age of 21.

  3. 2008 Cadillac Escalade Luxury • $99, 900 • 20 people

  4. 2009 Hummer H2 SUV Luxury • $109,900 • 20 people

  5. 2007 Lincoln Town Car Signat. • $31,000 • 4 people

  6. 2007 Chrysler 300c • $56,995 • 12 people

  7. Drivers • Jose Martin, age 55 • Carlos Gonzalez, age 41 • Jesus Perez, age 50 All drivers are happily married, experienced limo drivers of at least 15 years, and have all gone through background checks.

  8. Location • The limos will be kept in a central located garage. • They will be serviced by “Tidy Car Limousine and Car Wash Service” once a week.

  9. Insurance • Progressive auto insurance offers the best quote for all four vehicles including the three drivers. • 12 month period- $18,884.98 • Monthly- $1,573.75

  10. License • To begin your limousine company you need a limousine license paying a fee of $35 and there is an inspection fee of $20 per vehicle.

  11. Training • Training for three drivers will cost $450. The duration of the training is 2 weeks.

  12. Competition • The Kentino Limo company will be competing with other limousine services in the area, such as Denver Limo Company.

  13. Capital • Additional capital will be required. • The company will need to loan from the bank $255,245 to cover the limos, advertisement, services, insurance, and our drivers.

  14. Mortgage Information • Loan Amount- $255,245 • Interest Rate- 8% • Loan Term- 30 Years • Start Date- March 2009 • Property Tax- 1.25% • PMI- .5%

  15. Loan Summary • Monthly Principal & Interest- $2,245.13 • Total Interest Paid- $418,998.06 • Pay Off Date- February 2039 • Total of 360 Payments- $808, 246.68

  16. Advertising • Billboards – Roughly $1000 per month • Yellow Pages • Newspaper – Roughly $250 per ad • Television Commercial – Roughly $300 to produce

  17. Goals • Beginning with four vehicles and three drivers is a realistic goal for Kentino Limo Services and certainly expanding in the future.

  18. Expanding the Company • When the loans from the bank have been fully paid and the company starts making profit the company can expand.

  19. Bibliography • www.limoforsale.com • Progressive representative • www.denverlimos.com • www.allseasonlimos.com • www.royalelimo.com • www.tidacar.com • www.mortgagecalculatorplus.com

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