Airport Shuttle Business Plan Template

Written by Dave Lavinsky

Airport Shuttle Business Plan Template
Table of Contents
Table of Contents

If you’re looking to create an airport shuttle business plan, you’ve come to the right place!

Over the past 25 years, the PlanPros team has helped over 1 million entrepreneurs and business owners write business plans….and many of them have started and grown successful airport shuttle businesses. Below is an example of a business plan for an airport shuttle business.

Airport Shuttle Business Plan Example

Below is our airport shuttle business plan template and sample plan created using our business plan generator:

 

I. Executive Summary

Company Overview

At AeroRide Express, headquartered in the vibrant community of Palm Beach Gardens, FL, we are revolutionizing the airport shuttle service industry. Our mission is to offer a superior travel experience, characterized by reliability, comfort, and convenience. We specialize in providing an array of shuttle options to meet the diverse needs of our customers, from individuals seeking privacy to groups looking for cost-effective transportation solutions. Our dedication to excellence is evident in every aspect of our service, from the meticulous maintenance of our vehicles to the professionalism of our drivers. By prioritizing customer satisfaction, we aim not only to meet but exceed the expectations of travelers, establishing ourselves as the premier choice for airport shuttle services in the region.

Success Factors

Our journey to becoming the leading airport shuttle service in Palm Beach Gardens, FL, is driven by our commitment to excellence and innovation. Key to our success is our focus on providing an unparalleled travel experience, marked by reliability, comfort, and convenience. We have achieved significant milestones, including the acquisition of a modern, fuel-efficient fleet, the establishment of strategic partnerships with local businesses and hotels, and the implementation of a comprehensive marketing strategy. These accomplishments have not only enhanced our visibility but have also solidified our reputation as a customer-centric company. Moving forward, we are dedicated to continuous improvement, adapting our services based on customer feedback and market trends to ensure we remain at the forefront of the industry.

Industry Analysis

The airport shuttle service industry is experiencing a significant transformation, driven by evolving consumer preferences and technological advancements. Today’s travelers demand more than just transportation; they seek a seamless, stress-free experience that begins the moment they leave their doorstep. This shift in expectations presents both challenges and opportunities for companies like AeroRide Express. By leveraging technology to enhance booking and payment systems, and focusing on customer service, we can differentiate ourselves in a competitive market. The industry’s growth is further fueled by the increasing number of travelers seeking efficient, reliable, and comfortable transportation options, making this an opportune time for AeroRide Express to expand its market presence and capture a larger share of the market.

Customer Analysis

Our target customers are a diverse group of travelers with varying needs and preferences. They range from business professionals requiring timely and efficient service to families and groups looking for cost-effective transportation solutions. Understanding these diverse needs is crucial to our strategy. We have identified that our customers value reliability, comfort, and convenience above all. By focusing on these core areas, we tailor our services to meet the specific requirements of our customers, ensuring a personalized travel experience. Our approach is to view each journey as more than just a ride from point A to B, but as an integral part of the customer’s overall travel experience, thereby fostering loyalty and repeat business.

Competitive Analysis

Our main competitors include other airport shuttle services, ride-sharing companies, and private car services. Despite the competition, AeroRide Express stands out by offering a superior service characterized by reliability, comfort, and a wide range of transportation options. Our competitive advantage lies in our customer-centric approach, focusing on providing a seamless, stress-free travel experience. By continuously seeking feedback and adapting our services accordingly, we not only meet but exceed customer expectations, ensuring their loyalty and establishing AeroRide Express as the preferred choice in airport shuttle services.

Marketing Plan

Our marketing strategy is centered around highlighting the breadth and quality of our shuttle services. We offer a variety of options to cater to the individual needs of our customers, from private rides to cost-effective solutions for larger groups. Pricing is competitive and transparent, ensuring customers receive great value. Our promotions plan is multifaceted, incorporating online advertising, local print, and radio ads, and a strong social media presence to build brand awareness. We also focus on developing a user-friendly website and online booking system to attract tech-savvy travelers, while traditional marketing efforts aim to capture a broader audience. By employing a targeted approach, we aim to build a loyal customer base and encourage word-of-mouth referrals, which are invaluable in our industry.

Operations Plan

To ensure the success of AeroRide Express, we have outlined several key operational processes and milestones. These include securing the necessary licenses and permits, acquiring and outfitting a fleet of shuttle vehicles, launching our airport shuttle service, and establishing key partnerships with local businesses and hotels. Additionally, implementing an effective marketing and customer acquisition strategy is crucial. We aim to reach operational break-even and achieve $15,000/month in revenue, after which we will evaluate and possibly expand our service offerings based on customer feedback and market demand. By completing these milestones, we will mitigate risks and position AeroRide Express for success in the competitive airport shuttle service market in Palm Beach Gardens, FL.

Management Team

Our management team is composed of seasoned professionals with extensive experience in the transportation and service industries. Their expertise spans operations management, customer service, marketing, and financial planning. This diverse skill set ensures that AeroRide Express is well-equipped to meet the challenges of the airport shuttle service industry head-on. Our team’s leadership is characterized by a proactive approach to problem-solving and a deep commitment to customer satisfaction, which drives our company’s success.

Financial Plan

To achieve our growth goals, AeroRide Express requires significant funding. This capital will be allocated towards acquiring and outfitting our fleet of shuttle vehicles, securing necessary licenses and permits, and implementing our marketing and customer acquisition strategy. Achieving our financial milestones, including reaching an operational break-even point and generating $15,000/month in revenue, is critical for our short-term financial health and long-term viability. Our financial plan is designed to ensure that AeroRide Express not only survives but thrives in the competitive landscape of Palm Beach Gardens, FL, establishing itself as a leader in the airport shuttle service industry.

Summary

Below is an overview of our expected financial performance over the next five years:

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues $2,782,475 $3,012,948 $3,262,511 $3,532,745 $3,825,363
Direct Expenses $1,283,822 $1,349,227 $1,417,964 $1,490,202 $1,566,121
Gross Profit $1,498,652 $1,663,720 $1,844,547 $2,042,542 $2,259,241
Gross Profit (%) 53.9% 55.2% 56.5% 57.8% 59.1%
Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $1,401,567 $1,563,690 $1,741,481 $1,936,350 $2,149,827
Depreciation $28,000 $28,000 $28,000 $28,000 $28,000
Amortization $0 $0 $0 $0 $0
Interest Expense $21,000 $21,000 $21,000 $21,000 $21,000
Income Tax Expense $473,398 $530,141 $592,368 $660,572 $735,289
Net Income $879,168 $984,548 $1,100,112 $1,226,777 $1,365,537

 

II. Company Overview

AeroRide Express is a new Airport Shuttle dedicated to serving our customers in Palm Beach Gardens, FL. We are proud to introduce ourselves as a pioneering local airport shuttle provider in an area previously lacking high-quality local airport shuttle services. Our mission is to offer a reliable, comfortable, and efficient transportation solution for all your airport transfer needs.

At AeroRide Express, we offer a comprehensive range of services tailored to meet the diverse needs of our customers. Our services include scheduled airport transfers, on-demand pickups and drop-offs, group transportation, luggage assistance, and personalized meet and greet services. Whether you are traveling for business, with family, or in a group, our team is here to ensure your airport transportation is seamless and stress-free.

Based in Palm Beach Gardens, FL, AeroRide Express is strategically located to serve customers throughout the Palm Beach Gardens area. Our deep understanding of the local landscape, combined with our commitment to customer satisfaction, makes us the go-to choice for all your airport shuttle needs.

AeroRide Express is uniquely positioned for success, thanks to several key factors. Our founder brings invaluable experience from previously running a successful airport shuttle, providing us with a solid foundation and insight into the industry’s best practices. Furthermore, we stand out from our competitors by offering superior shuttle services and a wider range of options, ensuring our customers have a better overall experience.

Since our inception on January 5, 2024, as a Sole Proprietorship, AeroRide Express has achieved several significant milestones. We have successfully designed our logo, developed our company name, and secured an excellent location for our operations. These accomplishments mark just the beginning of our journey, and we are excited to build on this foundation and grow our services to meet and exceed our customers’ expectations.

 

III. Industry Analysis

The Airport Shuttle industry in the United States is a significant market with a current size of approximately $3 billion. This industry provides transportation services to travelers to and from airports, offering convenience and reliability for passengers. With the growing trend of people opting for airport shuttles over driving themselves or taking public transportation, the market is expected to continue to increase in size over the coming years.

One of the key trends in the Airport Shuttle industry is the focus on customer service and efficiency. Travelers are increasingly looking for hassle-free transportation options that provide a smooth and comfortable experience. AeroRide Express, as a new Airport Shuttle service in Palm Beach Gardens, FL, is well-positioned to capitalize on this trend by offering top-notch customer service and a convenient shuttle service for passengers.

Additionally, the rise of online booking platforms and mobile apps for Airport Shuttle services has made it easier for customers to book their transportation in advance, increasing the accessibility and convenience of these services. AeroRide Express can leverage these technological advancements to reach a broader customer base and streamline their booking process, further driving growth and success in the competitive Airport Shuttle industry.

 

IV. Customer Analysis

Below is a description of our target customers and their core needs.

Target Customers

We will target local residents of Palm Beach Gardens who require reliable and comfortable transportation to and from the airport. This customer segment is in constant need of efficient travel solutions, whether for business trips, vacations, or visiting family and friends. By offering competitive rates and exceptional service, we will ensure their transportation needs are met with the utmost satisfaction.

In addition to local residents, we will also cater to business travelers who frequent Palm Beach Gardens for meetings, conferences, or corporate events. This segment values punctuality, comfort, and a stress-free travel experience. We will tailor our services to meet these expectations by providing a seamless booking process, timely departures, and comfortable rides.

Furthermore, we will serve tourists visiting Palm Beach Gardens, a segment that seeks convenience and reliability in their transportation choices. Understanding their need for a hassle-free travel experience from the airport to their accommodations, we will offer guided assistance, ensuring they reach their destinations safely and comfortably. Our services will be an integral part of their positive travel experience in Palm Beach Gardens.

Customer Needs

AeroRide Express fulfills the essential need for reliable and high-quality shuttle services for residents who prioritize convenience and comfort. Customers can expect punctuality and efficiency, ensuring they reach their destinations on time, every time. This commitment to timely service addresses the common concern of missing flights due to unreliable transportation.

In addition to reliability, AeroRide Express caters to the demand for premium experience at competitive prices. Passengers have access to clean, well-maintained vehicles equipped with modern amenities, making their travel to and from the airport as comfortable and stress-free as possible. This focus on providing a superior customer experience meets the expectations of those who value added comforts during their commutes.

Furthermore, AeroRide Express understands the importance of flexibility in travel plans. They offer adaptable scheduling options to accommodate the ever-changing itineraries of their customers. This flexibility ensures that passengers can make adjustments to their travel plans without the added stress of transportation issues, thereby fulfilling a crucial need for adaptability in today’s fast-paced world.

 

V. Competitive Analysis

Direct Competitors

AeroRide Express’s competitors include the following companies:

E&R Transportation Inc offers a variety of transportation services including airport shuttles, private car services, and luxury transportation options. They serve customers across South Florida, focusing on areas around major airports including Palm Beach, Fort Lauderdale, and Miami. Their price points vary depending on the service selected, with private car services being at the higher end and shared shuttles as a more affordable option. E&R Transportation Inc generates revenue by providing tailored transportation solutions to both individual and corporate clients. They target a broad customer segment, including business travelers, vacationers, and locals needing reliable airport transportation. Their key strengths include a wide range of vehicle options and the flexibility to accommodate different group sizes. However, a potential weakness for E&R Transportation Inc is their pricing model, which might not be the most competitive for budget-conscious travelers seeking the most economical airport shuttle services.

Affordable Luxury Transport specializes in offering luxury transportation services at competitive prices. Their services include airport shuttles, limousine rentals, and corporate transportation services. They primarily serve the South Florida area, with a strong presence in Palm Beach, Broward, and Miami-Dade counties. Their pricing strategy aims to provide a premium experience at accessible price points, which has allowed them to attract a mix of high-end leisure travelers and business clients. Affordable Luxury Transport’s strengths lie in their high-quality fleet and exceptional customer service, positioning them as a preferred option for clients looking for an elevated transportation experience. A weakness for Affordable Luxury Transport could be their focus on luxury services, which may limit their appeal to price-sensitive customers looking for basic shuttle services.

On Time Limo offers a comprehensive suite of transportation services, including airport shuttles, limousine services, and corporate transportation solutions. They have a strong operational base in South Florida, catering to the transportation needs of residents and visitors in Palm Beach, Broward, and Miami-Dade counties. Their services are priced competitively, with options for every budget, from standard shuttle services to luxury limousines. On Time Limo’s revenue comes from a diverse clientele, including corporate accounts, special event transportation, and airport shuttles. Their key strengths include a reputation for reliability and punctuality, which are critical factors for airport transportation. They also boast a versatile fleet that can accommodate a variety of transportation needs and preferences. One potential weakness for On Time Limo is the challenge of maintaining high service levels during peak travel times, which can impact customer satisfaction.

Competitive Advantages

In today’s fast-paced world, where time is of the essence, we at AeroRide Express understand the importance of providing not just transit but an exceptional travel experience. Our commitment to excellence sets us apart, as we offer better shuttle services compared to our competition. This superior service manifests in various ways: from the meticulous maintenance of our fleet, ensuring safety and comfort, to the professionalism and friendliness of our drivers, who are trained to handle any situation with grace. We also pride ourselves on our punctuality and reliability, understanding that our customers have schedules to keep. Our services are designed to meet the needs of every traveler, whether they’re on a business trip or a family vacation, providing a seamless, stress-free start or end to their journey.

Furthermore, our competitive edge is sharpened by the breadth of shuttle services we provide. We cater to a wide array of transportation needs, offering everything from private rides for those seeking solitude and space to larger, more cost-effective options for groups and families. This flexibility allows us to accommodate the diverse preferences and requirements of our clientele, ensuring that there is something for everyone. In addition, we continuously seek feedback and adapt our services accordingly, always aiming to exceed expectations and remain at the forefront of the airport shuttle service industry. Our approach is customer-centric, and by prioritizing their satisfaction above all, we not only gain their trust but also their loyalty, solidifying our position as the go-to airport shuttle service in the area.

 

VI. Marketing Plan

Our marketing plan, included below, details our products/services, pricing and promotions plan.

Products, Services & Pricing

AeroRide Express offers a comprehensive suite of transportation services tailored to meet the needs of travelers seeking reliable and comfortable transit options to and from the airport. With a customer-focused approach, the company ensures a seamless travel experience through its range of offerings, including scheduled airport transfers, on-demand pickups and drop-offs, group transportation, luggage assistance, and meet and greet services. Each service is designed with the traveler’s convenience and satisfaction in mind, making AeroRide Express a preferred choice for airport shuttle services.

The scheduled airport transfers service provides passengers with a stress-free option for reaching their flights on time. Customers can book their rides in advance, securing their spot on a shuttle that is timed to their flight schedule. This service is perfect for those who prefer planning ahead, offering peace of mind that transportation is arranged. The average selling price for a scheduled airport transfer is competitively set, ensuring affordability without compromising on quality or reliability.

For those needing more flexible travel options, the on-demand pickups and drop-offs service caters to last-minute plans and unexpected changes in schedule. This service allows travelers to request a ride with minimal wait time, ensuring they can get to or from the airport with ease. The convenience of on-demand service is matched by competitive pricing, making it an attractive option for both planned and spur-of-the-moment travel needs.

AeroRide Express also specializes in group transportation, accommodating larger parties traveling together. Whether it’s a family vacation, a business trip with colleagues, or any group travel scenario, this service ensures everyone can ride together in comfort. Tailored to the specific needs of each group, including vehicle size and luggage capacity, this option offers a cost-effective and convenient solution for group airport travel.

Luggage assistance is another key service offered by AeroRide Express, addressing one of the most common travel inconveniences. Passengers can expect help with their bags from the moment they are picked up to the time they are dropped off, making their journey smoother and more enjoyable. This complimentary service adds significant value, enhancing the overall travel experience without any additional cost.

Lastly, the meet and greet services provided by AeroRide Express elevate the standard for airport shuttle experiences. Passengers are greeted by friendly and professional staff upon arrival, guided to their vehicle, and assisted with any needs they may have. This personalized touch not only makes navigating the airport easier but also sets the tone for a pleasant and stress-free ride to their final destination.

Overall, AeroRide Express stands out for its comprehensive range of services, competitive pricing, and unwavering commitment to customer satisfaction. Whether traveling for business or leisure, customers can expect top-notch service that makes their airport transportation hassle-free and comfortable.

Promotions Plan

To effectively attract customers, we, AeroRide Express, will employ a multi-faceted promotional strategy that capitalizes on both digital and traditional marketing avenues. Our primary focus will be online marketing, leveraging the power of social media, search engine optimization (SEO), and email marketing campaigns to reach our target audience in Palm Beach Gardens, FL.

Understanding the importance of a strong online presence, we will create engaging content on platforms like Facebook, Instagram, and Twitter. This content will not only showcase our services and the convenience we offer but also engage potential customers through promotions, customer testimonials, and interactive posts. Our goal is to build a community around AeroRide Express, fostering a sense of trust and reliability.

In addition to social media, we will implement an SEO strategy to ensure that AeroRide Express appears at the top of search engine results when potential customers are looking for airport shuttle services in Palm Beach Gardens, FL. This will involve optimizing our website with relevant keywords, creating quality content, and ensuring a user-friendly experience to improve our search rankings.

Email marketing will also play a crucial role in our promotional efforts. We will collect emails through our website and social media channels, then send out regular newsletters that include special offers, updates on our services, and useful information for travelers. This direct line of communication will help us to build lasting relationships with our customers.

Beyond online marketing, we will explore traditional marketing tactics such as local radio advertisements, print flyers, and partnerships with local businesses and hotels. These efforts will complement our digital strategies, providing a comprehensive approach to reaching our target market.

Additionally, we will offer introductory promotions to first-time users and referral benefits to encourage our satisfied customers to spread the word. By combining these promotional methods, we expect to establish AeroRide Express as the premier choice for airport shuttle services in Palm Beach Gardens, FL. Our commitment to quality service, combined with our strategic promotional efforts, will ensure that we attract and retain a loyal customer base.

 

VII. Operations Plan

Our Operations Plan details:

  1. The key day-to-day processes that our business performs to serve our customers
  2. The key business milestones that our company expects to accomplish as we grow

 

Key Operational Processes

To ensure the success of AeroRide Express, there are several key day-to-day operational processes that we will perform.

  • Vehicle Maintenance and Readiness: Conduct daily inspections and regular maintenance of vehicles to ensure they are in optimal condition for safe and reliable service. This includes checking fluid levels, tire pressure, and cleanliness.
  • Scheduling and Dispatch: Efficiently manage and update schedules and dispatching of shuttles to meet customer demand, ensuring timely pickups and drop-offs. Use of real-time tracking and scheduling software will support this process.
  • Customer Service: Provide exceptional customer service, including handling reservations, inquiries, and feedback through various channels such as phone, email, and social media. Staff will be trained to offer prompt and courteous assistance.
  • Driver Training and Management: Regularly train drivers on safety protocols, customer service excellence, and navigation. Monitor and manage driver performance and compliance with company policies and regulations.
  • Marketing and Promotion: Implement ongoing marketing strategies and promotional activities to attract and retain customers. This includes managing social media presence, offering discounts or loyalty programs, and networking with local businesses and hotels.
  • Compliance and Safety: Ensure all operations comply with local, state, and federal transportation regulations. Implement and monitor safety protocols to protect passengers, employees, and vehicles. This includes regular safety drills and emergency response preparedness.
  • Financial Management: Manage day-to-day financial operations, including billing, invoicing, payroll, and budgeting. Regularly review financial reports to monitor the company’s performance and identify areas for cost optimization.
  • Feedback and Continuous Improvement: Collect and analyze feedback from customers and employees to identify areas for improvement. Implement changes to enhance service quality and operational efficiency.

Milestones

AeroRide Express expects to complete the following milestones in the coming months in order to ensure its success:

  • Secure Necessary Licenses and Permits: Obtain all the required local, state, and federal licenses and permits to operate a commercial shuttle service in Palm Beach Gardens, FL. This includes obtaining permission to operate at the airport, which is crucial for an airport shuttle service. Completing this milestone will ensure that AeroRide Express operates legally and avoids any legal issues that could jeopardize its operations.
  • Acquire and Outfit a Fleet of Shuttle Vehicles: Purchase or lease a fleet of reliable, comfortable, and fuel-efficient vehicles. These vehicles should then be branded with the company’s logo and colors to enhance visibility and brand recognition among potential customers. Ensuring the fleet is operational and meets all safety standards is crucial for launching the service.
  • Launch Our Airport Shuttle: Officially start operations by launching our airport shuttle service. This involves not only having the vehicles ready but also having all operational aspects, such as scheduling, booking, and payment systems, in place. A successful launch will serve as a significant milestone, establishing AeroRide Express in the market and starting its revenue generation.
  • Establish Key Partnerships with Local Businesses and Hotels: Develop partnerships with local hotels, businesses, and travel agencies to ensure a steady flow of customers and to enhance the shuttle service’s visibility in the local community. These partnerships can provide a crucial source of referrals and repeat business.
  • Implement an Effective Marketing and Customer Acquisition Strategy: Roll out a targeted marketing campaign to build brand awareness and attract customers. This could include online advertising, local print and radio ads, and social media marketing. Additionally, developing a user-friendly website and online booking system will be crucial for attracting tech-savvy travelers. Achieving a strong online presence and high customer satisfaction will contribute to word-of-mouth referrals and repeat business.
  • Reach Operational Break-Even Point: Adjust operations and manage costs effectively to reach the operational break-even point. This will involve closely monitoring and controlling operating expenses, optimizing routes and schedules for efficiency, and possibly expanding services or adjusting pricing to increase revenue.
  • Get to $15,000/month in Revenue: Achieve the financial milestone of generating $15,000 in monthly revenue. This will indicate that AeroRide Express has successfully penetrated the market and is on a path toward sustainable growth and profitability. Reaching this milestone will be crucial for the company’s short-term financial health and long-term viability.
  • Evaluate and Expand Service Offerings: Based on customer feedback and market demand, evaluate the potential for expanding service offerings. This could include adding more routes, offering premium services, or exploring opportunities for providing shuttle services to events or for corporate clients. Expanding the service offerings can help diversify revenue streams and further establish AeroRide Express in the market.
  • Establish a Maintenance and Vehicle Replacement Plan: Implement a rigorous maintenance schedule for the fleet to ensure safety and reliability. Additionally, plan for the eventual replacement of vehicles to avoid disruptions in service and maintain a modern, efficient fleet. This will help in minimizing operational risks associated with vehicle breakdowns and repairs. Completing these milestones will not only mitigate risks but also position AeroRide Express for success in the competitive airport shuttle service market in Palm Beach Gardens, FL.

 

VIII. Management Team

Our management team has the experience and expertise to successfully execute on our business plan.

Management Team Members

AeroRide Express management team, which includes the following members, has the experience and expertise to successfully execute on our business plan:

Chloe Morales, CEO

With a rich background in transportation and logistics, Chloe Morales stands at the helm of AeroRide Express as its Chief Executive Officer. Her previous experience in running a successful airport shuttle service has honed her skills in operations, customer service, and strategic planning. Morales’s leadership is characterized by her ability to seamlessly blend innovative solutions with practical, on-the-ground tactics to enhance operational efficiency and customer satisfaction. Her strategic foresight and dedication to excellence are pivotal in steering AeroRide Express toward achieving its goal of becoming a leader in express transportation services. Morales’s track record of success and her comprehensive understanding of the transportation industry’s nuances make her an invaluable asset to AeroRide Express and a key driver of its anticipated success.

 

IX. Financial Plan

Summary

Below is an overview of our expected financial performance over the next five years:

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues $2,782,475 $3,012,948 $3,262,511 $3,532,745 $3,825,363
Direct Expenses $1,283,822 $1,349,227 $1,417,964 $1,490,202 $1,566,121
Gross Profit $1,498,652 $1,663,720 $1,844,547 $2,042,542 $2,259,241
Gross Profit (%) 53.9% 55.2% 56.5% 57.8% 59.1%
Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $1,401,567 $1,563,690 $1,741,481 $1,936,350 $2,149,827
Depreciation $28,000 $28,000 $28,000 $28,000 $28,000
Amortization $0 $0 $0 $0 $0
Interest Expense $21,000 $21,000 $21,000 $21,000 $21,000
Income Tax Expense $473,398 $530,141 $592,368 $660,572 $735,289
Net Income $879,168 $984,548 $1,100,112 $1,226,777 $1,365,537

Funding Requirements/Use of Funds

To accomplish our growth goals, AeroRide Express needs $210,000 in funding. Key uses of this funding will be as follows:

Capital Investments
Location Buildout $50,000
Furniture $10,000
Equipment $20,000
Shuttle Vans $50,000
Computers and Technology $10,000
Non Capital Investments
Working Capital $20,000
Initial Rent/Lease $3,000
monthly Staff Salaries (First 3 months) $30,000
Initial Marketing and Advertising $10,000
Supplies $2,000
Insurance $5,000

Financial Projections

financial projection airport shuttle business plan

5 Year Annual Income Statement

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues
Revenues $2,782,475 $3,012,948 $3,262,511 $3,532,745 $3,825,363
Total Revenues $2,782,475 $3,012,948 $3,262,511 $3,532,745 $3,825,363
Direct Costs
Direct Costs $1,283,822 $1,349,227 $1,417,964 $1,490,202 $1,566,121
Total Direct Costs $1,283,822 $1,349,227 $1,417,964 $1,490,202 $1,566,121
GROSS PROFIT $1,498,652 $1,663,720 $1,844,547 $2,042,542 $2,259,241
GROSS PROFIT % 53.9% 55.2% 56.5% 57.8% 59.1%
Other Expenses
Salaries $72,814 $75,023 $77,299 $79,644 $82,060
Marketing Expenses $6,067 $6,251 $6,441 $6,637 $6,838
Rent/Utility Expenses $6,067 $6,251 $6,441 $6,637 $6,838
Other Expenses $12,135 $12,503 $12,883 $13,274 $13,676
Total Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $1,401,567 $1,563,690 $1,741,481 $1,936,350 $2,149,827
Depreciation $28,000 $28,000 $28,000 $28,000 $28,000
Amortization $0 $0 $0 $0 $0
EBIT $1,373,567 $1,535,690 $1,713,481 $1,908,350 $2,121,827
Interest Expense $21,000 $21,000 $21,000 $21,000 $21,000
PRETAX INCOME $1,352,567 $1,514,690 $1,692,481 $1,887,350 $2,100,827
Net Operating Loss $0 $0 $0 $0 $0
Use of Net Operating Loss $0 $0 $0 $0 $0
Taxable Income $1,352,567 $1,514,690 $1,692,481 $1,887,350 $2,100,827
Income Tax Expense $473,398 $530,141 $592,368 $660,572 $735,289
NET INCOME $879,168 $984,548 $1,100,112 $1,226,777 $1,365,537
Net Profit Margin (%) 31.6% 32.7% 33.7% 34.7% 35.7%

5 Year Annual Balance Sheet

FY 1 FY 2 FY 3 FY 4 FY 5
ASSETS
Cash $855,499 $1,854,065 $2,966,847 $4,211,245 $5,376,993
Other Current Assets $238,837 $258,620 $280,042 $294,395 $318,780
Total Current Assets $1,094,337 $2,112,686 $3,246,890 $4,505,640 $5,695,773
Intangible Assets $0 $0 $0 $0 $0
Acc Amortization $0 $0 $0 $0 $0
Net Intangibles $0 $0 $0 $0 $0
Fixed Assets $140,000 $140,000 $140,000 $140,000 $140,000
Accum Depreciation $28,000 $56,000 $84,000 $112,000 $140,000
Net fixed assets $112,000 $84,000 $56,000 $28,000 $0
Preliminary Exp $0 $0 $0 $0 $0
TOTAL ASSETS $1,206,337 $2,196,686 $3,302,890 $4,533,640 $5,695,773
LIABILITIES & EQUITY
Current Liabilities $117,168 $122,968 $129,059 $133,032 $139,628
Debt outstanding $210,000 $210,000 $210,000 $210,000 $0
Total Liabilities $327,168 $332,968 $339,059 $343,032 $139,628
Share Capital $0 $0 $0 $0 $0
Retained earnings $879,168 $1,863,717 $2,963,830 $4,190,607 $5,556,145
Total Equity $879,168 $1,863,717 $2,963,830 $4,190,607 $5,556,145
TOTAL LIABILITIES & EQUITY $1,206,337 $2,196,686 $3,302,890 $4,533,640 $5,695,773

5 Year Annual Cash Flow Statement

FY 1 FY 2 FY 3 FY 4 FY 5
CASH FLOW FROM OPERATIONS
Net Income (Loss) $879,168 $984,548 $1,100,112 $1,226,777 $1,365,537
Change in Working Capital ($121,669) ($13,982) ($15,330) ($10,380) ($17,789)
Plus Depreciation $28,000 $28,000 $28,000 $28,000 $28,000
Plus Amortization $0 $0 $0 $0 $0
Net Cash Flow from Operations $785,499 $998,566 $1,112,782 $1,244,397 $1,375,748
CASH FLOW FROM INVESTMENTS
Fixed Assets ($140,000) $0 $0 $0 $0
Intangible Assets $0 $0 $0 $0 $0
Net Cash Flow from Investments ($140,000) $0 $0 $0 $0
CASH FLOW FROM FINANCING
Cash from Equity $0 $0 $0 $0 $0
Cash from Debt financing $210,000 $0 $0 $0 ($210,000)
Net Cash Flow from Financing $210,000 $0 $0 $0 ($210,000)
Net Cash Flow $855,499 $998,566 $1,112,782 $1,244,397 $1,165,748
Cash at Beginning of Period $0 $855,499 $1,854,065 $2,966,847 $4,211,245
$855,499 $1,854,065 $2,966,847 $4,211,245 $5,376,993

 

What Is an Airport Shuttle Business Plan?

An airport shuttle business plan is a document that outlines the strategies you have developed to start and/or grow your airport shuttle business. Among other things, it details information about your industry, customers and competitors to help ensure your company is positioned properly to succeed. Your airport shuttle business plan also assesses how much funding you will need to grow your business and proves, via your financial forecasts, why the business is viable.
 

Why You Need a Business Plan for your Airport Shuttle Business

A business plan is required if you are seeking funding for your airport shuttle business. Investors and lenders will review your plan to ensure it meets their criteria before providing you with capital. In addition, an airport shuttle business plan helps you and your team stay focused. It documents the strategies you must follow and gives you financial projections you should strive to achieve and against which you can judge your performance.
 

Airport Shuttle Business Plan Template PDF

Download our Airport Shuttle Business Plan PDF to help guide you as you create your business plan for your own airport shuttle business.
 

Over the past 25 years, Dave Lavinsky, Founder of PlanPros has helped over 1 million entrepreneurs develop business plans.
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