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May 27, 2024, 9:56 am UTC

47-1066379 | Government Grant Application

Low Country Fabrications LLC. (DBA Low Country Boa | Application Preview

  • General Information

    Business Registration Number: 47-1066379

    Location: Columbia, SC, United States

    Length of Operation: 5

    Number of Employees:

    Annual Gross Income:

    Annual Gross Expense:

    Open to Loans: YES

  • Funding Usage

    Increase production with higher production rates. Hire 2 new employees. Equipment upgrades. Obtain new dealers.

  • Business Plan

    Low Country Boats plans to increase our dealer network and production over the next 5 years. Increased production, efficiency, and innovation will allow us to become a major player in the boating industry throughout the Southeast of the United States. Low Country Boats is at a critical point of growth currently and working capital is needed to hire employees, upgrade equipment, and increase production. We have been in business over 5 years and have created a very good reputation as a brand and product. With over 100 boats sold we have not one unsatisfied customer. Currently, we have two top notch Boat dealers selling our boats and we offer factory direct custom built boats as well. One is Marshall's Marine in Lake City, SC and Georgetown, SC. The other is Performance East in Goldsboro, NC and soon to open a new location in Cedar Point, NC on the coast. My partner and I have done this with very little marketing and have worked our way to this point from the very bottom becoming the only boat builder in SC in our niche market. We are currently capable of producing appox. 30 boats per year which brings an annual revenue of approx. $400k per year. With an additional two employees we can grow the number of boats produced to 60 with an annual revenue of approx. $800k. We have managed to get above the break even point just as owners/operators and with additional employees and increased production we will remarkably grow our net profit. Both of our current dealers came to us and we have no doubt we can obtain more all over the Southeast if we have the time and resources. This is just the beginning of Low Country Boats. As we grow we will continue to innovate to even bigger projects and become a major player in the boat industry.

  • Self Identified Competition

    Our top competitors include Excel boats, Xpress Boats, Prodigy Boats, and Timber Creek Boats. All of our competitors are from other states. Some of our competitors like excel and xpress are much larger companies and own by even larger companies. These are more massed produced with lesser quality. Other competitors like Prodigy and Timber Creek operate similar to us. A more custom, higher quality product and experience. The quality of our boats is second to none. Every one of our customers will vouch for that. We have 100% positive feedback and reviews from our customers. Our price point is lower than our Direct Competitors. Our boats are built with a very strong longitudinal support structure, meaning they can take abuse. We are one of the only manufacturers to build a "one piece rounded chine hull". This gives our boats optimum performance and handling, better than the competition.

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