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Affordable and Reliable Taxi Service: Bloomsburg's New Transportation Solution

Bloomsburg Taxi Service aims to provide affordable, friendly, and reliable transportation to the community. To operate effectively, we plan to acquire 10 vehicles (6 Kia Sedonas and 4 Kia Rios), GPS systems, credit/debit machines, office computers, and phones. With a total start-up cost of approximately $403,875.26, our equity contributions of $60,000 will support initial expenses, while a $450,000 bank loan will cover additional needs. Our service will be available 24/7, ensuring accessible, sociable, and safe transportation for all.

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Affordable and Reliable Taxi Service: Bloomsburg's New Transportation Solution

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  1. Technology and Financial Plan

  2. Technology Needed… • Bloomsburg Taxi Service will provide a cheap, friendly, reliable service. • Will need to acquire the following to operate: • 10 Vehicles(6 Kia Sedonas, 4 Kia Rios) • 10 Call Boxes • 10 GPS Systems • 10 Credit/Debit/Huskey Gold Swipe Machines • 2 Office Computers • 2 Office Phones

  3. How these acquisitions will help? • Cheap • Not pricy • Affordable to all • Reliable • 24 hour services • Friendly • Office phone numbers • Sociable drivers

  4. Estimate Start-up Costs Costs: Costs(cont’d): 10 Credit/Debit/Huskey Gold Swipe Machines $4,900 2 Office Computers $796 2 Office Phones $23.76 2 Horse Carriages $3,100 Total Start-up Costs= $ 189,429.76 • 10 Vehicles(6 Kia Sedonas, 4 Kia Rios) • Kia Sedonas • $87,160 • Kia Rios • $72,870 • Office Building • $16,800 • 10 Call Boxes • $2,500 • 10 GPS Systems • $1,280

  5. Equity Contributed • Each of us will contribute $10,000 of our personal funds for Bloomsburg Taxi Service • Total: $60,000

  6. Additional Equity Needed • Added C.O.S.S. and OE • $ 189,429.76 and $ 214,445.50 • $ 403,875.26 • $ 403,875.26 • $60,000 of equity provided • Approximately $ 343,875.26 needed

  7. Where We Will Obtain This Equity... • PNC Bank of Bloomsburg • Acquire loan of $450,000 • Terms: • 15 years • 5% interest rate

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