7765 South 4000 West

Suite E3 West Jordan,

Utah 84084

p. 801.688.9214
f. 801.688.9211

Serena Meredith
September 12, 2015

UINTAH TOWING
and RECOVERY

Table of Contents
I.

Executive Summary...........................................................
The Company Description
A) Our Vision
B) Key Differentiators

II. Product/Service Plan.........................................................

A) Competition
B) Company Growth
III. Marketing Plan.................................................................
A) Operations and Development
- Day to Day Operations
- Management Team
IV. Appendix............................................................................
Resumes
Proffesional References
Pictures
Contacts

Executive Summary
Our Mission for Uintah Towing & Recovery is to give excellent
service to our customers. It would be a great opportunity for us
to provide you with a service. We have several significant
opportunities within the company and we are already leveraging
its significant expertise out on the field. Uintah Towing &
Recovery has committed both its own and previously secured
financial resources to quickly capture a significant market share
and is seeking additional equity capital of $150,000 to accelerate
its activities. Our goal is to expand and grow into a nationwide
business. We are a small company and we would like to expand
and operate many more repossession companies in the future.
We guarantee skip tracing, investigation, insurance against
collateral, bonding against conversion and recognizable standard
forms and a guarantee of satisfaction. We have recognized the
importance of developing and retaining a highly experienced
management team to follow out the companies plan. As such, we
have established a core management team from the repossession
industry, which is already known nationwide and is ready for
expansion. Our main goal is to have high-level relationships with
numerous credit unions, banks, and title loans. We already have
expertise in management, field agents, auctions, banks, title
loans and credit unions. With the initial investment of $150,000,
the company will utilize the funds in the following manner:

Office set up and Yard

Initial Advertising (business cards)
IT Software and setup
Accounting Software and setup
Six Months of Company Management
Billable Employee Payments
First Six Months of Salaries

UINTAH TOWING AND RECOVERY - 2

In addition, the company may arrange financing of its IT and

telephone equipment. Using such financing would allow use of
equity capital for accelerated business growth.

Description of Business
October 15, 2015 business to be started at 5300 West 765 South
Salt Lake City, UT
The company consists of two manager owner team with ten
years of experience in the repossession industry. It will be a
thriving business that exceeds to grow with opportunity for
expansion. We have a good-sized yard for storage of vehicles,
garage for flatbed and three offices. We are extremely reliable
and efficient when it comes to getting the job complete. Our
basic nature of business is to find vehicles that have gone into
repossession as in secure the unit, bring it in call dispatch and
then to the finance company. The economic state of this industry
seems to be keeping this company going and expanding it in the
near future. We have potential for growth. We will transfer
ownership to the next generation of our family when we retire.
We would like to keep this business in the family if possible.
Our Vision
Our Vision is to oversee our company the best way possible. To
provide excellent service to our banks, credit unions, and
customers. We insure the safety of all the vehicles we pick up
and that they are secure upon arrival. We drive the distance, go
out of our way to pick up, secure any vehicle that is in our
possession.

UINTAH TOWING AND RECOVERY - 3

Key Differentiators
Competitors, such as other Repossession Companies, Network
Recovery, ,Allied, AAR, On Demand, Repos these are just a
handful of Repossession companies in Salt Lake City and they all
receive the same repo orders as us. It is the competition between
us, the banks, credit unions, and other repo companies. Basically
if you pick up before they do and call it in and keep picking up
the banks orders, before the other repo companies they will send
you their orders first. It is all about competition.

UINTAH TOWING AND RECOVERY - 4

Product Service Plan

We are a competitive company that strives to provide a good
service for our clients. Our main competition is Network
Recovery that has been in business for 20 years. We would like to
be a repossession company that can be in business for that long.
We hope to be as successful as Network Recovery.
Company Growth
Uintah Towing and Recovery is a small business expecting to
expand within the next 5 years. We hope to have 10 offices in
different counties and states. We would like to be successful and
prosperous. Our competition will include other recovery
companies affiliated with trade associations, independent
agencies, franchises and individuals in some areas with towing
companies. Two company owners who have been in the
repossession and recovery field for over 10 years operate us .

UINTAH TOWING AND RECOVERY - 5

Products and Services

Suppliers
Uintah Towing and Recovery we are required to purchase
stationary, business forms and advertising materials. Any office
supplies preferably from office max.
Computer, Hardware and Software
Our computer hardware purchases maybe from Office Max or
Best Buy. The computer software will also come from Office Max
or Best Buy and will need the latest technology for any upgrades
to the software.
Advertising
Any advertising material purchased at Office Max used to
promote the company.
Equipment
You will be required to have one repo truck. If not you may lease
one from Uintah Towing and Recover
Office Storage and Facilities
You are required to have an adequate office with an adjacent
vehicle storage lot. The storage lot must have adequate security
sufficient to determine and respond to unauthorized entry. The
storage facility and security system are subject to inspection by
state law.
Drug Free Workplace
Uintah Towing and Recovery desires to promote a drug free
work place.

UINTAH TOWING AND RECOVERY - 6

Employees
We do not control the hiring and firing of any employees. You
will fire yourself.

Insurance
You are required to get insurance on your truck. If you do not
have any insurance, Uintah Towing and Recovery will provide
you with insurance and bond you.

Approved Suppliers
Uintah Towing and Recovery does not maintain a list of suppliers
that you are required to use and does not maintain criteria for
approving suppliers. However, any supplier who is able to
provide equipment, supplies, reality, or services
meeting our specifications is in effect an approved supplier. Any
affiliate of ours is considered an approved supplier. Should you
choose to purchase from one.
Cooperatives
There are no purchasing or distribution cooperatives.

UINTAH TOWING AND RECOVERY - 7

Marketing Plan
Uintah Towing and Recovery will include several aspects. Our
strategy includes Contracts with the banks, Credit Unions.
Meetings held at office location, agreements with clients.
Participation in industry trade shows also participation in
industry associations. Uintah Towing and Recovery Strategy will
include: Inside leads from banks, meetings with credit unions,
banks, dealerships. Extensions for contracts with banks, credit
unions, and dealerships at the same location. We will continue to
be competitive with our prices.

UINTAH TOWING AND RECOVERY - 8

Operations and Development

A management team that is experienced in the collateral
recovery business and will be subject to limitations on
competition performs Uintah Towing and Recovery. First, you
must go through our training program to meet our qualifications.
We encourage you to attend our monthly meetings regarding the
company. We are applicable with federal, state and local law
ordinances and regulations. Such laws, ordinances and
regulations vary from jurisdiction to jurisdiction and is
amendable or may be implemented or interpreted in a different
manner from time to time. It is your responsibility to apprise
yourself with the existence and requirements of the law. You
must utilize our services and network when referring work out of
our office. Our operations are: Office hours M-F 9:00 am 5:00
pm
Repo 24 hours Auctions 8:00 am Midnight On
weekdays except for holidays (legal) local time. We provide
investigation, collection, recovery, storage, and collateral
remarketing services. We are also able to offer an insurance
against damage to collateral, insurance against operations,
liability, bonding against conversion, recognizable standard
forms and a guarantee of satisfaction.
Total

Month 1

Month 2

Month 3

Financial Plan
Accounting
Software
Peachtree
3 desktop
system w/Ms.
office
Printer

$700

$700

$8400

$2800

$600

$600

$2800

$2800

Phone Listing
Website
Development

$4200

$4200

Network
setup

$2400

$2400

$720

$720

Advertising

UINTAH TOWING AND RECOVERY - 9

Month 4

Month 5

Month 6

Month 7

Total

Total
Estimate
Start up
costs

$20,020

Month 1

$7,820

UINTAH TOWING AND RECOVERY - 10

Month 2

$2,800

Month 3

$9,400

Month 4

Month 5

Month 6

Month 7

Business Expenses
Cost
per
Mont
h

Mon
th 2

Mon
th 3

Mon
th 4

Mon
th 5

Mon
th 6

Mon
th 7

Mon
th 8

Mon
th 9

Mon
th
10

Mon
th
11

Annu
al
Costs

Management

$50
00

$600
00

Accounting 20 hrs.
wk. -$15 per hr.

$30
0

$360
0

Office/Receptionists
40 hrs. wk. $15 per
hr.

$60
0

$720
0

Staff/Mgt. Payroll
taxes

$10
24

$122
28

Office supplies:

$30
0

$360
0

Utilities

$40
0

$480
0

$10
0

$120
0

$12
0

$144
0

Software and IT
maintenance

$20
0

$240
0

Office space

$90
0

$108
00

Insurance/trucks
/bldg..

$50
0

$600
0

Insurance-coLiability

$40
0

$480
0

Bank charges

$10
0

$120
0

conventions

$12
00

$240
0

Auto-truck
allowance

$75
0

$900
0

fuel

$11
20

$134
40

Maintenance

$12
5

$150
0

meals

$67
5

$906
0

$40
0

$480
0

Staff emp.
Benefits-undefined

Cell phone

Office
phones/fax/internet

miscellaneous

UINTAH TOWING AND RECOVERY - 11

Cost
per
Mont
h

Mon
th 2

Total Annual
Business Expenses
EndiNG Balance

UINTAH TOWING AND RECOVERY - 12

Mon
th 3

Mon
th 4

Mon
th 5

Mon
th 6

Mon
th 7

Mon
th 8

Mon
th 9

Mon
th
10

Mon
th
11

Annu
al
Costs

$174
,988

Critical Risks
Risk factors are with the competitors who substantially have
greater financial and marketing resources larger customer
bases, longer operating histories, greater name recognition and
more established relationships in the industry than we do.
Competitors may be able to: devote greater resources to the
marketing and sales area. Adopt more aggressive pricing
policies. Some larger competitors may also be able to provide
clients with additional benefits at lower overall costs. Expansion
could require additional capital or strain other resources. This
plan anticipates that business will grow and increase the number
of drivers in the field. In order to successfully manage growth,
management must: Enlarge the company infrastructure.
Improve business, financial and information systems. Expand,
train, and manage the employee base effectively. There will be
additional demands on customer service support and sales,
marketing, recruiting, administrative resources as the target
market expands. If management cannot manage growth
effectively financial conditions or results of operation could be
adversely affected. Existing assets, anticipated debt and
expected revenue growth will be sufficient to fund operations for
12 months. However if the company expands more rapidly than
currently anticipated or if working capital needs exceed current
expectations. The company will need to raise additional capital
from equity or debt sources. If the company cannot obtain
financing on acceptable terms it may be forced to curtail planned
business expansions and maybe unable to fund ongoing
operations.

UINTAH TOWING AND RECOVERY - 13

Exit Strategy
Uintah Towing and Recovery retains operational control of its
business. We operate as an independent business. Investors who
are willing to invest will have cash out options in 5 years. We
will have the cash to cash you out with accounts receivable and
accounts payable to the fair value of your investment. Your
investment has primarily gone into the company for expenses
and expansion. In our company for the use of new trucks and
more space for our yard. We appreciate your business and look
forward to doing business with you in the near future.

Offering
Sources

$150,000

Bank Debt
Equity
New Investors
Founders
Total Sources

$25,000
$150,000

Uses:
Product Development
Personal Costs
Working Capital
Cash

$30,000
$10,000
$10,000
$10,000

Accounts Receivable

$20,000

Inventory

$20,000

Machinery

$50,000

Total Uses

$150,000

UINTAH TOWING AND RECOVERY - 14

Management Team
Uintah Towing and Recovery
Serena Meredith Founder & Owner of business has 10 years of
experience.
Frank Leatutu Co-founder. Has 10 years of experience.
Expertise in locating vehicles. We specialize in finding &
locating the most impossible vehicles.

Board of Directors
Uintah Towing & Recovery is composed of:
Serena Meredith Founder Owner
Frank Leatutu Co-founder Owner
Chelise Leatutu Office Administrator

UINTAH TOWING AND RECOVERY - 15

Revenue
Revenue from the company is a primary source of income.
Revenue from the company expenses and purchases made on
behalf of the company is a secondary income source. Major
elements of cost associated with company services include:
Marketing expenses: office rent/utilities/telephone
internet connectivitysoftware depreciation and
maintenance
Financial Calculations
Projected Annual Cost of Business $174,988
Desired Profit

$12590

Annual Profit

$201,600

Desired Profit

$201,600

Breakdown

$174,988

Gross Net

$26,621

UINTAH TOWING AND RECOVERY - 16

Professional References
Channell Taufalele : Zagg (Executive Buyer) known for 10
years. (385) 444-1638
Nelson Madril : Rebel Bail Bonds (Owner) known for 20 years.
(480) 630-2430
Gil Medina : Productions (Producer) known for 20 years. (385)
671-2374
Brandon Black : Network Recovery (Owner) known for 12
years. (801) 878-0400

UINTAH TOWING AND RECOVERY - 17

Swot Analysis Inside the Company

Strengths
We have an accurate view of our resources and capabilities,
which are:

Banks Wells Fargo

America First Credit Union
Chase Auto Finance
Pay Day Loans

Our financial strengths are that we keep record of everything,

which is logged and uploaded into the computer. We have the
capacity to store the vehicles we pick up in a secure location. In
addition, we have a flatbed if needed for a severely wrecked
vehicle. Our management is skilled and has been in the business
for 10 years. Our strategy is customer satisfaction. To locate,
surrender, and secure the vehicle upon pick-up and location. We
enter the workspace as professionals ready to go to work on a
daily basis! We have a great contact list of clients that we
communicate with weekly. Our reputation is well known in the
state of Utah. We are known for finding and locating vehicles
that have been missing and cannot be found. We found those
vehicles that other repossession companies have not located. So
our reputation is known by other companies for we do the
impossible locate and redeem. We are up-to-date on the latest
technology, Skip Trace and micros with our computers so we can
locate and trace down vehicles.
Weaknesses
Our weakness. We do have a slow season in picking up vehicles
and that is right around fall and winter. When tax season comes
around it picks up again. Inadequate financial resources are
limited; it is what we have in our company account. We do not do
business overseas. We do not transport vehicles out of state. The
UINTAH TOWING AND RECOVERY - 18

bank credit union will have to provide a transporter. If you

employ us to transport a vehicle, it will cost three times the
amount of the repossession fee and mileage for gas. Our
marketing skills are limited. We need the necessary funds to
market and make a website for the company. Our financial
resources are limited. In order to expand we need capital to
support our business growth.

UINTAH TOWING AND RECOVERY - 19

Swot Analysis Outside the Company

Opportunities
We have the potential to market our company with the resources
that are available to us. We also have the newest truck with a
remote that controls the lift, which is the latest technology out
there for repo trucks. We are always ready for new technology to
advance our companys growth.
Threats
New competitors are always tough to deal with. We do not know
if their prices are the same as ours for the banks or if they are
lower. Supplies remain the same they want our business so their
prices remain the same. There was an increase in government
regulation in the state of Utah: all tow yards $45 a day and prior
to all repossessions storage of a car/vehicle $45 a day when
redeeming that vehicle. The shifts for working remain the same,
a one-person repossession 8AM-5PM Monday-Friday & Saturday.
The second shift is at 6PM-4AM Monday-Friday & Saturday.
Sometimes the market may show down during the late months of
November-February. Then, when tax season comes around, it
picks up. We may have to lower our prices in order to get the
banks to work with us if we do not have orders coming in
through these months. Competition with other repo companies
are hard to deal with. However, if you know their going rates all
you need to do is set your prices below theirs.

UINTAH TOWING AND RECOVERY - 20