Kings Brakes and Suspension | Application Preview
Kings Brakes and Suspension is seeking government grants to fund the purchase of a new property in Filmore for relocating their established business. With over 30 years of operation, this family-run business aims to expand its service offerings, which currently include welding, vehicle repairs, and car restorations, alongside their specialty in LS swaps and performance work.
The grant funding is crucial as the business faces an urgent need to vacate their current location, which they had been operating in for many years. The sudden sale of their property by the landlord has left them with only two months to relocate. They have identified a suitable property in Filmore but require financial assistance for the purchase or down payment.
Kings Brakes and Suspension prides itself on its robust community involvement and the employment it provides to multiple families. The shop operates with a strong commitment to quality and craftsmanship, supported by three generations of family members.
In terms of competition, they believe their shop faces few rivals, as they have a steady flow of clientele and utilize their capacity fully. While other mechanic shops operate in the area, Kings Brakes and Suspension differentiates itself by offering a broader range of services, such as welding and restorations, in addition to standard repair work. This competitive edge allows them to deliver higher quality and more diverse services than many local competitors.
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General Information
Business Registration Number: 4623611486
Location: San Fernando, CA, United States
Length of Operation: 11plus
Number of Employees: 1-10 Employees
Annual Gross Income: $250k to $500k
Annual Gross Expense: $250k to $500k
Open to Loans: NO
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Funding Usage
To purchase a property in Filmore to relocate our business.
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Business Plan
We will offer more services to our customers and offer various other forms of work. We will provide welding services, vehicle repair services, and also car restorations. We have been doing ls swaps and performance work on cars as well. We are in the process of creating a website and a presence on social media to further attract work to us. We are a family business that has been in operation for over 30 years. Our landlord didn’t give us adequate time to purchase the current property we’ve been in for our entire time of operation. The day we were pre approved for the property he sold it and is only give us 2 months to leave the property. We found a property in filmore that meets our needs and don’t have much time to come up with the funds to purchase a property or at least the down payment. Everything happened in the span of a month in a half. We are dedicated and very hard workers who enjoy our craft. This business provides for numerous families and we always give back to the community. Repairing and building cars is all we know. There are 3 generations of family that work at this shop.
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Self Identified Competition
In my opinion we don’t have many competitors. We are one of the busiest shops in our location and always have work and are filled to the back of the lot. Other competitors would consist of other mechanic shops in the area. They offer the same services we do, but we also weld and restore cars on top of that setting us apart from the rest. We do engine swaps and all kinds of electrical work as well. We offer more services and higher quality work than many of our competitors.
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Contact Applicant
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