Summary Of Gap In A Business Plan

Submitted By Drilon1
Words: 3715
Pages: 15
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Exportease Business Plan

Contents Page
Executive Summary.......................................................2
Gap in the market.........................................................3
How to feel in the gap..................................................6
Why we can do it..........................................................8
What we need..............................................................9
The return on Investment............................................9
Finance……………………………………………………………….10-12
Appendix................................................................13-19

Executive Summary.
Gap in the market.
Exportease, a vehicle exportation company, specialising in the export of used cars specifically Volks Wagen passats, from Britain to be used as taxi vehicles in the West African countries, primarily Nigeria. The gap was spotted by our Managing director, a Nigerian born British student, who strongly believes there is a market there and that we can service the market profitably.
How we can fill this Gap.
We can service the market by buying the cars off a website (auto trader) research suggests that the website provides the cars we are looking for at very cheap rates, we will then purchase the vehicles, and then ship them to Lagos where our contact and buyer will take responsibility of the vehicles and sell them on to his customers.
We as a group can do it because.
We are a group of friends that came together with the idea of the business, and although we do not have any past experiences that can be specifically tailored to this business, we do however all have past experiences in other walks of life that we can draw upon to help us with the day to day running and logistics of the business.
Harrison Munachimso our MD has experience working for his parent's civil engineering company as a P.R director; hence we believe he is the perfect for the managing director position.
Sami Adnane has worked extensively with his dad in his private hire taxi company, he knows the market for used vehicles in the U.K and we believe he is a good fit for the marketing director.
Drilon Abazi has worked in finance at Wembley stadium and although he was initially going to be the finance director but upon later consideration, the group decided Muzzammil Shoaib would be a better fit handling the finance of the business due to his extensive experience with I.T. and so Drilon is the best person to handle day to day operations of the business.
Shengping liu is going to act as a floater for the business, where he contributes in every department and helps all other members when help is required.
What we need to do this.
We project we would need approximately £3000 to get started, which covers all initial costs including the cost of buying the vehicles, shipping and insurance and also all other administration costs that we may incur.
Return on Investment.
Each car will be sold for £3500 and so the profit can range from £800-£1000 per vehicle depending on the purchase price of the vehicle.

Gap in the market cont'd
The market
Our target markets for the future are taxi companies located in West Africa, Nigeria. The market is open for an introduction of an exporting company from the UK, as cars in Nigeria range from ₦850,000 (£3,569) to ₦1,500,000 (£6,300) for the cars matching the requirements given to us by the customers. Car sales in Nigeria took a hit in 2009 and were on a downward trend after credit dried up in the wake of an initial $4bn bailout of nine banks by the Central Bank of Nigeria. Car imports into Nigeria have dropped by 50% recently due to a rise in reusing, buying and selling used vehicles within the country. Because the prices of used cars in Nigeria are too high in comparison with the average salary given to the people of Nigeria this gives our business idea a great competitive advantage by being able to provide customers with cheap, fuel efficient and working
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