Starting a motor coach company requires funding to purchase the buses and pay for expenses until the company can make enough money on its own to meet its costs. Among the expenses of a bus company are bus repairs, equipment, buying a bus, fuel and hiring professional drivers. The company will require at least two buses at first, usually one small bus and a larger motor coach. Obtaining the right amount of financing is an important part of getting the bus company up and running.
Write a business plan. An estimated plan of action should include information about the bus company, the number of employees, the cost of operation and expected income. Research consumer demand for tour buses or luxury buses. Motor-coach services usually charge more than do public-transportation operations. Typically, a business plan's estimate covers a five-year period. A business plan is necessary for financing because it shows prospective financiers, banks or investors the likelihood that the business will succeed.
Determine minimum funding necessary for the company start-up. The seed money should provide for the purchase of buses and gasoline, insurance that covers the bus and passengers and the cost of hiring bus drivers as well as meeting government-required fees.
Apply for small-business grants or loans. Grants obtained through state, city or private sources are free money the business does not have to pay back. Motor Coach Mania lists several bus-financing companies that offer lending options, including Advantage Funding, A-Z Resources and Buckman-Mitchell Inc.
- Bus. Bus in parking area/ parking lot/ car park image by L. Shat from Fotolia.com