"Truck Stop" Business Plan:
1.0 Executive Summary
2.0 Company Summary
 2.1 Company Ownership
2.2 Funding Requirements and Uses
 2.3 Company Locations and Facilities
3.0 Products and Services
4.0 Market Analysis Summary
5.0 Strategy and Implementation Summary
6.0 Management Summary
7.0 Financial Plan
Business Ideas applicable for this business plan:
Need working capital for on going company
This business plan was originally published
by Palo Alto Software, Inc. All rights reserved.
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2.0 Company Summary
Interstate Travel Center is a start-up company whose management
perceives a growing demand for commercial vehicle services within the Dallas
area. The company's management staff includes Steven Smith, who has extensive
experience within the automotive repair industry, and Janet Smith, who has
provided budgeting and bookkeeping services to small companies for twenty years,
who will provide the logistical support for the business. It is Interstate
Travel Center's long-term goal to create multiple service centers within the
southwest area to service the NAFTA commercial traffic and create a brand awareness that transcends state borders.
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2.1 Company Ownership
Interstate Travel Center is solely owned by Steven and Janet
Smith. It is not anticipated that the company will seek additional shareholders for the foreseeable future.
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2.2 Funding Requirements and Uses
The initial start-up costs will amount to $2.75 million. This will be used to
purchase land, develop it, and construct a 6,000 sq./ft travel center, complete
with gas/diesel islands, scales, and a restaurant. The initial capital injection
will be $250,000. The remaining will be funds in the form of a $2.5 million
loan. Figure 1 provides a breakdown of how the funding will be used and Figure 2
provides the Expenditure Outline for Phase I.
Figure 1. Use of Funds
| Working Capital |
$250,000 |
| Inventories (Travel Ctr.) |
$65,000 |
| Land |
$200,000 |
| Land Development |
$150,000 |
| Highway Improvements |
$350,000 |
| Building |
$500,000 |
| Pre-Paid Expenses |
$250,000 |
| Gasoline Facility |
$200,000 |
| Diesel Facility |
$150,000 |
| Equipment (Travel Ctr.) |
$100,000 |
| Equipment (Restaurant) |
$200,000 |
| Contingency |
$235,000 |
| Other fixed Assets |
$50,000 |
| Scales |
$50,000 |
| Total |
$2.75 million |
Figure 2. Phase I Expenditure Outline
| Land Development |
$100,000 |
| Building (6,000 sq. ft.) |
$500,000 |
| Gasoline Facility (includes all equipment) |
$200,000 |
| Diesel Facility (includes all equipment) |
$150,000 |
| Equipment: Store |
$100,000 |
| Equipment: Restaurant |
$200,000 |
| Highway Improvements* |
$50,000 |
| Miscellaneous |
$50,000 |
| Land Costs |
$200,000 |
| TOTAL ALLOWABLE BUDGET FOR PHASE ONE |
$1.55 million |
*Texas Department of Transportation – 50/50 split with state.
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Start-up |
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| Requirements |
|
| Start-up Expenses |
| Prepaid Expenses |
$250,000 |
| Travel Center Equipment |
$100,000 |
| Restaurant Equipment |
$200,000 |
| Contingency Costs |
$235,000 |
| Other |
$0 |
| Total Start-up Expenses |
785,000 |
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| Start-up Assets Needed |
| Cash Balance on Starting Date |
$250,000 |
| Start-up Inventory |
$65,000 |
| Other Current Assets |
$50,000 |
| Total Current Assets |
$365,000 |
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| Long-term Assets |
$1,600,000 |
| Total Assets |
$1,965,000 |
| Total Requirements |
$2,750,00 |
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| Funding |
| |
| Investment |
| Steve Smith |
$150,000 |
| Janet Smith |
$100,000 |
| Total Investment |
$250,000 |
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Current Liabilities |
| Accounts Payable |
$0 |
| Current Borrowing |
$0 |
| Other Current Liabilities |
$0 |
| Current Liabilities |
$0 |
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| Long-term Liabilities |
$2,500,000 |
| Total Liabilities |
$2,500,000 |
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Loss at Start-up |
($785,000) |
| Total Capital |
($535,000) |
| Total Capital and Liabilities |
$1,965,000 |
Start-up
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2.3 Company Locations and Facilities
Interstate Travel Center will be located between I-45 and I-635
in Dallas, Texas. Access to the travel center will be through these major
highways. The advantages of this site are listed below and should be evaluated
accordingly when investments for site developments (or improvements) are being considered.
- Visibility of this site is considered good.
- Competition at and around this location is low.
- Quantity of competition is classified as limited.
- Accessibility to location is good.
- Traffic count potential (during rush hour traffic) at this location is considered good.
- House count at this location is very low.
- Demographics at this location are excellent.
- Growth of area around this site is fair.
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