Executive Summary 1. Brief Description of The Project
Executive Summary 1. Brief Description of The Project
Executive Summary 1. Brief Description of The Project
Transporent is a recognized and licensed car rental firm that offers a wide range of
services associated with shipping and the car rental industry, in addition to other services.
We have customized our services to give our customers every reason to rent or lease cars
from us in the future for shipment over land or water. We want to gain a reputation as a
transportation company that values its customers. The number of travelers discussed is
anticipated to increase, contributing to a noteworthy development of the car rental
showcase. Car rental can last for at least a year, but car rental administrations are
frequently brief, usually lasting less than 30 days. Key unions with carriers and inns give
the industry's leading car rental companies a competitive advantage over small businesses.
In the coming years, The Transporent will continue to expand. The Philippines'
whole market would increase by about 278 billion between 2022 and 2023, or 4.6 percent,
from 228 billion. However, using Corporate EBITDA as a proxy, operating profits fell for the
four publicly traded operators Avis Budget, Europcar, Hertz, and Sixt over the same period,
and the industry as a whole significantly reduced shareholder value. One of the world's
most dependable transportation networks is transit. Over all other forms of transportation,
people like renting a car. These automobiles and other forms of local transportation are
frequently used by tourists and first-time visitors. Economy cars, the second-smallest class
of rental vehicles, are frequently compact. They are ideal for four persons on shorter
journeys and two or three on longer ones. They are good for city driving. Economy cars
typically have two doors, seats for up to four people, and room for a medium suitcase and a
few smaller things.
SECTION 1
MARKETING PLAN
Anyone with the proper initial funds can launch a car rental services business
because it is an easy business to start without any formal expertise. It implies that there is a
strong likelihood that a vehicle rental service company will establish itself in the area
where our car rental company is located. We are aware of this, which is why we decided to
create a company idea that will establish us as the industry pioneer in San Mateo, Rizal. Our
standard automobile rental service firm with a fleet of luxurious vehicles and cost-effective
services gives us a competitive advantage. The strength of our group, our employees, and
our management is very important.
We have a group of diligent and committed people that are recognized as industry
experts in the field of automobile rental services. We can state with certainty that the
location of our car rental services company will distinguish us favorably from any rivals
who might open a car rental services company in the same area as ours. The level of
services we offer and our fleet of trustworthy, comfortable vehicles are unmatched by any
real competitors at this time, including those of Transporent. All of our customers will
receive specialized customer support from us. Finally, all of our employees will receive
excellent care, and their benefits will rank among the best in the industry for our category
(startups providing automobile rental services in the Philippines).
It will make them more than willing to assist us to build the business, contribute to
achieving our objectives and goals, and deliver on our commitments.
1.3 Location
Near the service's intended market, in San Mateo, Rizal, Transporent will be in
operation. Additionally, this acts as a handy walk-in location close to the business for
clients looking to hire a car. The business is based on a bright blue and white color scheme
with abstract shapes for easy identification.
Although this project will be based in San Mateo, Rizal, it will provide services
throughout Luzon. To accommodate any upcoming clients that wish to utilize our service. It
will cover every region of Luzon and, ideally, a portion of Visayas and Mindanao.
We did feasibility studies and a market survey before deciding on a site for our
automobile rental services company and shipping for land and sea, and the results allowed
us to pinpoint the people who would most benefit from our service offerings. Households,
travel agencies, visitors, businesses, hotels, and other organizations will gain from our
service offering. They cross over into various economic sectors. The demographics of those
who use automobile rental services include people from the public sector, the organized
private sector, as well as all rungs of society and occupations. The following is a list of those
for whom our car rental service is intended:
The size of the Transporent market was predicted to be 5,000,000 PHP in 2022 and
5,700,000 PHP in 2023. From 2022 to 2028, the global market for car rentals is projected to
expand at a compound annual growth rate of 4.6 percent, reaching 7,000,000 PHP.
The newest car rental business and shipping for land and sea in the Philippines is by
far Transporent, at just under 44% of the market's overall size. Three significant firms
comprise the majority of the rental automobile industry.
Our price structure will be based on what is offered in the market for car rental
services and shipping for land and sea. Except for premium and personalized services, we
don't intend to charge more or less than what our rivals in San Mateo, Rizal, are offering.
Nevertheless, we have plans in place to occasionally offer discounted services and to thank
our devoted consumers, especially when they refer customers to us. The costs of our
services will be comparable to those found on the free market.
The sales forecast for Transporent is shown below; it is based on our company's
location and, of course, the extensive range of connected services we will be providing;
This forecast is based on what is currently available in the car rental sector,
assuming there are no major economic collapses and no significant competitors offering
additional dance-related services in the same location as us. Please note that the above
predictions can be high or low.
We will strive to adopt and implement best practices to promote the rental car
business and shipping for land and sea. Sufficiently, there are no rigorous guidelines for
promoting or promoting the business of car rental. The difficulty is that most car rental
companies aren't as aggressive in terms of public relations and advertising as we want.
Make sure to use both traditional and non-traditional advertising and promotion strategies
to market your car rental services business and shipping for land and sea. The channels we
plan to use to market and publicize Transporent are listed below:
Asking our devoted consumers to spread the word about us through word-of-mouth
advertising (referrals).
Advertise in pertinent magazines, regional newspapers, regional TV stations, and
regional radio stations about our car wash and auto detailing service.
Using our official website, we market our company online.
Put our business in local directories (yellow pages).
Support appropriate neighborhood programs.
Using the internet and social media sites like Facebook, Twitter, Instagram, and
others to market our brand.
Place our billboards in key locations all across San Mateo, Rizal.
Utilize the direct coupon mailing method.
Periodically hold roadshows in the target communities.
Distribute our handbills and flyers to the desired location.
Make sure that all of our employees are dressed in branded clothing, and that the
firm logo is prominently displayed on all of our official cars.
Our deals and showcasing staff are chosen with in-depth information about the
industry and are routinely prepared to guarantee simply are prepared to reach your
objectives and progress your Transporent mission. Transporent's long-term objective is to
set up itself as one of the driving car rental companies within the Philippines. To that
conclusion, we have created an activity arranged to use the current advertisement and
gotten to be a major player in the car rental industry. The following marketing and sales
techniques will be used by Transporent to draw customers:
Finally, you need a solid website, an online presence, and Search Engine Optimization
(SEO) compliance if you want to draw a lot of customers to your car rental company. The
fact is that having a website helps to keep our business visible to both current and new
clients.
We were able to raise sufficient stores to create the conventional car rental trade
fruitful with comfortable and dependable vehicles. Take advantage of renting alternatives
to dodge buying a rental car. To decrease costs, we are going to outsource all car repairs
and upkeep. These are the most ranges where we put our to begin with cash.
At San Mateo in Rizal, the whole taken toll of enrolling a company is 41,000 pesos.
A statutory expense of 83,000 Philippine pesos was brought about to get a permit
and allow.
Each of the 2,000 flyers is 2 PHP, which is proportionate to 4,000 PHP.
A trade expert will reset you to PHP 111,000.
At a total cost of 3,000,000 PHP, insurance (general liability, workers'
compensation, and property casualty) coverage is provided.
Payroll software, CRM software, car tracking apps, and accounting software are all
167,000 PHP each.
A typical office building with ample of parking costs 13,000,000 PHP to lease.
The facility's renovation will cost 3,000,000 PHP.
55,000 PHP worth of additional startup costs, including stationery
Total deposits for utilities and phones are 195,000 PHP.
Operating costs for the first three months: 139,000,000 PHP (staff salary, fuel,
upkeep, bill payments, etc.).
The initial stock is priced at 1,000,000 PHP.
Equipment for the store, including the cash register, security, ventilation, and signs,
would set you back 766,000 PHP.
The price of furnishings and technology (including computers, printers, phones, TVs,
credit card readers, POS, tables, and seats) is 223,000 PHP.
An official website can be launched for 33,000 PHP.
Our grand opening celebration will cost 306,000 PHP.
Unrelated: 557,00 PHP
To successfully begin our mobile automobile rental service business in San Mateo, Rizal,
the Philippines, we would require an estimated 83 million.