Auto Kingz | Application Preview
Auto Kingz is seeking government funding to support its operations for three months, with allocations earmarked for leasing a lot ($12,000), covering business expenses ($3,000), and hiring three new employees ($27,000).
The business plan focuses on expanding through franchising, allowing interested third-party investors to open additional lots. To attract these investors, Auto Kingz plans to develop a dedicated mobile app for both iPhones and Android devices, enhancing its marketing efforts.
The grant application emphasizes Auto Kingz's commitment to diversity in hiring, specifically targeting veterans and individuals seeking second chances. The company aims to leverage the digital transformation in vehicle buying and selling, positioning itself competitively against established players like Carmax, Carvana, and Cars.com.
Auto Kingz believes its competitive edge lies in the user-friendly experience of its upcoming app, which is set to launch in the first quarter of 2024. This app aims to streamline the buying and selling process, making it a convenient one-stop shop for users.
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General Information
Business Registration Number: 365004887
Location: Modesto, ca, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: NO
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Funding Usage
Funding for Three Months for: Lot Lease ($12,000), Business Expenses ($3,000), Hiring Three Additional Employees ($27,000)
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Business Plan
I plan on opening multiple lots by francizing my dealership to interested 3rd party investors. I plan on creating an App for my dealership for both iPhones and Android to market my dealership to interested investors. AutoKingz will be marketed to 3rd party investors. I plan on employing Vets and people who are seeking a second chance in our society as well as from the EDD, AutoKingz is an equal opportunity employer. I know that the buying and selling of vehicles has gone digital and I plan on taking full advantage of that.
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Self Identified Competition
Our top competitors are Carmax, Carvana and Cars.com Our app will make buying selling your vehicle a "one stop shopping experience" ease of use is a must and we plan on moving forward full blast. The AutoKingz App will be available in the first quarter of 2024.
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