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May 19, 2024, 11:52 am UTC

92-2020480 | Government Grant Application

JSN ENTERPRISES | Application Preview

  • General Information

    Business Registration Number: 92-2020480

    Location: Wilmington, NC, 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: YES

  • Funding Usage

    Equipment Purchase ($33,000): Will invest in the purchase of equipment at an average cost of $6000 per unit. These machines will be placed in high-traffic areas to maximize revenue potential. Marketing and Advertising ($7000): $5000 will be allocated towards digital marketing campaigns, including social media advertising to increase brand awareness and attract new customers. $2000 will be allocated towards promotional materials, including branded merchandise and giveaways, to engage with customers and encourage repeat business. Working Capital ($10,000): $5000 will be set aside as a buffer for unexpected expenses or fluctuations in cash flow. $3000 will be used to cover initial inventory purchases to stock the new vending machines with a variety of products. $2000 will be allocated towards employee wages and other operational expenses during the initial phase of business expansion.

  • Business Plan

    Year 1 Expansion: Acquire 5 additional vending machines and secure prime locations. Increase Revenue Streams: Introduce new product lines to cater to diverse customer preferences and increase sales. Enhance Marketing Efforts: Launch targeted marketing campaigns through social media, local advertisements, and promotions to increase brand awareness. Invest in Technology: Implement cashless payment systems and vending machine monitoring software to enhance customer convenience and streamline operations. Year 2 Scale Operations: Expand into adjacent markets within Wilmington, NC. Diversify Product Offerings: Partner with local vendors to offer unique products, attracting a wider customer base and increasing sales. Year 3 Regional Expansion: Leverage success and lessons learned to enter new markets. Explore Franchise Opportunities: Evaluate the feasibility of franchising the business model. Year 4 Invest in Innovation: Explore emerging technology to stay ahead of the competition. Strategic Acquisitions: Evaluate potential acquisitions of smaller vending operators to consolidate market share. Year 5 Continuous Improvement: Maintain focus on improvement and innovation across the business. Proven Track Record: Over 35 years of success in driving business growth. Strong Leadership Skills: I can inspire and motivate teams by fostering a positive work culture. Industry Expertise: I have a deep understanding of the vending industry, coupled with a knowledge of consumer behaviors and market trends allowing me to think outside of the box and adapt to changing market dynamics.

  • Self Identified Competition

    Wilmington Vending Services: Known for reliable service, diverse product offerings, and strategic machine placements. Coastal Vending Solutions: Specializes in healthy snack options, premium beverages, and customizable vending solutions. Port City Vending: Recognized for exceptional customer service, cutting-edge vending technology, and innovative product offerings. With my experience, I will hit the ground running and produce results much faster than the average applicant. Any issues will be resolved without any disruption to my business operations. I will train employees to think like business owners instead of just workers, they will know their role in the organization and be recognized and respected. This will create a productive and profitable work center.

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