It is possible to start a profitable and innovative business in Eugene. University Mopeds is a company that rents mopeds to University of Oregon students and anyone else who needs to move around town efficiently. This market is not served by any other business in Eugene.

It is possible to rent a student’s own vehicle during school for just a little more than a monthly cellular telephone bill. Mopeds offer many benefits over cars. They are much more economical to operate, less fuel-efficient, and easier to maintain. You can also insure these vehicles at a cost of $30-50 per year.

The target market for this business would be the approximately 15,000 full-time students. Autzenfield is home to thousands of students who commute every day. Parking on campus is hard to find, and the bus offers few options. This is where the economical moped comes into play.

Students don’t have the money to buy a moped but can rent one for $50 per month. University Mopeds could lease mopeds out for as low as $400-$700. In less than one year, the average moped could be paid off.

University Moped will attempt to reach 1% of full-time students in year one. This would equate to 150 mopeds rented. We anticipate a five-year growth rate of 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 in year one.
2. By year three, University Mopeds will be completely self-sufficient and financially viable.
3. Rent at least 199 units in year three, and 263 units in year five (5% annual growth rate).

1.2 Mission

University Mopeds service will be provided first to students. At University Mopeds, clients will be able to rent a quality means of transportation at a fair price. University Mopeds, which is financially viable and will treat its employees with fairness, will also provide financial security for its owners.

1.3 Keys to Success

1. Customer service excellence and quality.
2. Rent at affordable rates
3. Reaching the market.
4. Integrity in our customer service results in repeat customers