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Entrepreneurship

In: Business and Management

Submitted By KingCronus
Words 517
Pages 3
Entrepreneurship
Allan E. Arroyo-Melendez
Grantham University

Abstract This company is about the reconstruction of antiques car to be sell in auctions with an creative process making ancient vehicles with the innovations of actual cars. The company will focus in working only a limited brand of automobiles like Cadillac, Lincoln, Mercedes Benz, and Bentleys, all from the years 1912 to 1937 to the author opinion understanding the most beautiful era of automobile beauty. The innovative concept and creative idea is, that all cars have defects from factory, strong on some things but, weak on others, the idea is to correct all weakness and improve the quality of the old cars with some modern parts to help the owners to enjoy more the experience of driving one of this classics. For example; there was no power windows on those times, neither power steering or selected suspension, neither home theater sound or DVD’s. All this must being done without altering the original quality or identity of the vehicle.

Arroyo Engineer was created in 2015 and the owner, President and CEO is the Engineer Manager Allan E. Arroyo-Melendez who will be in charge of the design and supervise the process of reconstruction. The company has the professional support of a prestigious company based on personnel, management and corporate expertise. The company is under a very professional leadership and currently employ 24 employees including Allan E. Arroyo-Melendez and it’s located in Vonore, TN. Arroyo Engineering provides a new touch to classic cars. It will have the traditional look and elegance of old classics but, with the innovations of the new cars, making them more enjoyable to drive and more valuable to collectors. The vehicles will only will be sold on private auctions and only Cadillac, Lincoln, Mercedes Benz, and Bentleys, all from the years 1912 to 1937 to the author opinion understanding the most beautiful vehicles ever created. Arroyo Engineering has had a impressive first year overachieving all profit margin and market share expectations on its first year where the expectations where 84 million dollars and surpassed with 110 million. Arroyo Engineering has a projected raise of revenue of 10% between year on and year two and its expected to surpass the numbers with the raise in economy and the increased interest on classic custom vehicles. The chart below describe the steady increase and projected increase.

Currently Arroyo Engineering is located only in Vonore, TN. The future plans for the company is to expand Arroyo Engineering building, that way a second assembly line will be in place and double the production. Also in the plans is a second location in Europe where classic cars are very well admired. Production expansion will start at the end of 2017 with the goal of finishing by 2018 and the expansion to Europe by 2020.

References
IBISWorld, Classic Car Dealers in the US: Market Research, Retrieved April 26, 2015 from: Internet Explorer http://www.ibisworld.com/industry/classic-car-dealers.html
Manta, Antique and Classic Cars Restoration Shops in Tennessee, Retrieved April 26, 2015 from: Internet Explorer http://www.manta.com/mb_45_B12147N1_43/antique_and_classic_automobile_restoration/tennessee

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