the red bus - a ken martin company
TRANSCRIPT
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Chittenden Valley Transportation Services
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A Transportation Company• With two decades of Profit & Loss Responsibility
Leading a Bus Enterprise with up to 100 finger-printed / drug tested DOT CDL drivers, 10,000 Riders, and East Coast Wide deployment to include Special Needs populations – Executive, Kenneth Martin, is creating a new 10 Bus Operation serving Northern, Vermont. Mr. Martin has lead one of the business most successful School Transport Hubs in the State of Vermont.
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Goal – A 10 Bus Fleet• A 10 Bus Fleet• 40 Full Time Employees• Schools, Churches, Events, Tourism,
Hospitality, Weddings, Valet, Shuttle, Special Needs Transportation – for Users Requiring Qualified, Trained, DOT Compliant, School Safety Security Verified Staff
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We Are Doing Something Right• We have one bus now 24 passenger• We are billing 30 hours a week• Earning $1,500 per week• $6,750 per month !
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The Available Hour Universe• 168 Available Weekly Hours• 10 Buses = 1,680 Billable Potential• Reality: 2 Bus Per Week Required to move through DOT Compliance,
Inspections, and Maintenance• Normal 8 Buses Billing 5 hours per day• $50 X 5 = $2,500• $2,500 X 5 day = $12,500 Week• 26 Week calendar = Fleet Gross $325,000• Or $40K per bus• Cost per day for 8 Drivers – 8 X 5hrs = $1,600• Cost Per Day Fuel / Maintenance $100 per bus = $800• $12,500 – $1,600 - $800 = Gross Margin $10,100• Minus Ownership Cost / Debt Service / Admn
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How It Works
• Buses Are Chartered• 24 / 7 / 365 Availability• As Little as One Hour’s Notice Required• Charter for $50 per hour with Two hour
minimum paid by Credit Card, Weekly or Monthly Billing
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Planned Breakdowns / Breakage Cost
Debt Service – Admin – Accounting Cost
What Stuff Cost – What is Now !
Fluids, Bulbs, Oils, Med Kits, Extinquishers, Belts
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Operator / Driver
Operator / Driver
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Assuming 5 Buses
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Who Does This Now• Over 200 School Bus Companies in Vermont• First Student• Mountain Transit• Municipalities and Cities
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Competitive Advantage• Lower Cost Than Average• Short Fast Response Time• Handle Runs Others Don’t• Prequalified high-end drivers from schools• Flexible Billing and Payment• A Trusted Name in Transportation Services
comparable to Nike, Ben & Jerry’s, LL Bean• A flat management structure
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The $$$ We Seek to Borrow• We’d like $65,000 to borrow to buy a second
hand 72 passenger bus to add to our fleet• And we’d like a $25,000 Line of Credit to
balance Cash Flow between clients that pay weekly and pay monthly – Line of Credit will cover maintenance, inventory purchases of Oil, Antifreeze / coolant, belts, bulbs, med kits and fire suppression equipment
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What We Want to Buy Now
Chittenden Transportation Services