Portland Limo Company - Blogging a limo startup

Confessions of a limo company. We are a startup and have a goal of being successful within one year. Can we make it? We think so. We have an all or nothing attitude. So watch us do very well, or implode in spectacular fashion!
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Location: Portland, Oregon, United States

Thursday, January 18, 2007

Showing the money

I mentioned in a previous post that I was going to show everything. So here is a report on the money we have spent so far. I'll update this every few posts and give some details. For details on previous stuff you'll have to look at old posts. :)


Previous balance: -$51,250
Expenses from our cross country trip. (So far)
Gas: $835 20 fill ups
Food: $758
Lodging: $541
Repairs: $1013
Other: $734
Licensing and Taxes: $900

New total. -$56,033

Some up and coming costs. I already know that insurance will be almost $9000 and that will need to be paid up before we take our first customer. Another big cost will be the repairs. I'm expecting it to be around $8000. We blew out the transfer case. The transmission lost reverse. So we will be replacing the transmission at the same time. We also lost the front brakes on the trip. That could be messy as the wrong brake fluid was in the system and it was actually corrosive to the seals. I don't have any estimation on that yet.

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