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Mopeds Rental Business Plan

3 March 2023 Businnes Plan


Mopeds Rental Business Plan


It is possible to start a profitable and innovative business in Eugene. University Mopeds will rent mopeds to University of Oregon student and others who need efficient, in-town transportation. There is no other business in Eugene that serves this market.

It’s possible for students to own their own transportation throughout the school year for less than the monthly cost of a cellular phone bill. Mopeds offer many advantages over cars, including lower operating costs and fuel efficiency. They are also less expensive to maintain. It is also possible to insure these vehicles for around $30-$50 per year.

The 15,000-plus full-time students are the target market for this company. Autzenfield area is also home to many students who commute daily. Parking on campus can be difficult and the bus is not an option. The economical moped is the answer.

While many students don’t have the income to purchase a moped they can rent them for $50 per month. University Mopeds would buy used mopeds from $400 to $700 and lease them out. The average moped would be paid off within one year.

University Moped would like to be able to attract 1% full-time students by year 1. This would result in 150 mopeds being rented. We expect the five year growth rate to be at least 15%.

University Mopeds could be profitable in the second year if they can afford a monthly rent contract of $50 for ten months at $50 per month and an average purchase price $550.

1.1 Objectives

  1. Rent 150 units during year 1.
  2. University mopeds will be fully autonomous and profit-making by the third year.
  3. Rent at least 199 units in year three, and 263 units in year five (5% annual growth rate).

1.2 Mission

University Mopeds is the first company to service students. University Mopeds will allow clients to rent quality transportation at a fair rate. University Mopeds will be a successful business that will provide financial support for its owners and employees.

Success Keys 1.3

  1. Excellent customer service and value.
  2. Affordable rental prices
  3. Reaching the target market.
  4. Integrity in our customer service results in repeat customers


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