By Kristin Kahrs
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Additional info for Business Plans Handbook: A Compilation of Actual Business Plans Developed by Small Businesses Throughout North America (Volume 5)
The health of the local economy is important since many of the local East China and Plymouth Township residents commute to work in Trenton, Passaic and Camden. J&J’s principal competition will come from two local, self serve washes within a ten-mile radius. , and is well established in the area. However, the facility is outdated, maintaining only four self serve bays with no automatic tunnel. The wash area is small with no front access. In addition, there are only two vacuum stations and minimal vending facilities.
J&J expects to capture commuter traffic traveling to Camden, Passaic and Trenton. Market Trends Delaware County is an urban county of 343,130 persons (estimate 1992) situated in western New Jersey. The county seat, the City of Trenton, is near Philadelphia and is one of the leading industrial and trade complexes in the nation. Demographic and Economic Trends Delaware County is one of the leading agricultural counties within the state, with approximately 50 percent of its land area devoted to agricultural uses.
A breakdown of these costs is as follows: Lot Purchase Price (including permits) $110M Building and Turnkey Equipment System 300M Site Work and Paving 50M Total $46OM Funds Sought Sought: J&J is seeking to finance $332M, or 70% of the $46OM proposed project cost, through a local financial institution. The company will seek to obtain either conventional mortgage/equipment financing or an SBA guaranteed mortgage loan at a fixed rate amortizing over 15 to 20 years, and a fixed rate equipment loan amortizing over five to seven years.
Business Plans Handbook: A Compilation of Actual Business Plans Developed by Small Businesses Throughout North America (Volume 5) by Kristin Kahrs