Michael Wadlinger Carpet & Flooring LLC | Application Preview
Michael Wadlinger Carpet & Flooring LLC is applying for government grants to support their business growth. The requested funding will primarily be used to acquire a new work van, with the remaining funds allocated for establishing accounts with a disposal company, securing a shop or office rental, and opening a Line of Credit for better financial management. Currently, the company's operational efficiency is hampered by shared arrangements for disposal services and shop items, limiting their ability to bid on larger projects that require significant upfront material costs.
The company's growth plan involves launching a second team focused on taking on larger contracts, especially from local flooring contractors and small to medium commercial projects. Additionally, Michael Wadlinger Carpet & Flooring LLC aims to contribute positively to the community by providing job opportunities for individuals in recovery, working with contractors who share similar values of giving back.
The application emphasizes the business's reputation as a small, family-owned company with strong local ties and a solid network built solely through referrals. Their customer base includes notable clients across various sectors, highlighting their reliability and integrity. The company prides itself on not needing marketing, relying instead on their reputation for quality service, competitive pricing, and personalized attention.
In terms of competition, they face larger chain stores like Home Depot and Lowes, as well as local competitors. However, their competitive edge lies in their lower pricing, free measuring and sample services, reliable communication, and a consistent commitment to detail and cleanliness in their work.
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General Information
Business Registration Number: 008417
Location: Fairless Hills, PA, United States
Length of Operation: 11plus
Number of Employees: 1-10 Employees
Annual Gross Income: $250k to $500k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
We want to expand our team and purchase another work van. Close to half would be used to purchase a new work van, the remainder would be used to set up our own accounts with a disposal company, a shop/office rental, and open a secure Line of Credit with our current bank to ensure a smoother process with all of our finances for the business. Currently, we split payment with another business owner for disposals - necessary for every job/daily - as well as for shop items. If we had the ability to free up more spend, we could bid on larger jobs that require a huge up front expense on materials, sometimes $30,000-$50,000.
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Business Plan
If we can get a 2nd team started with another work van, we plan to focus on large opportunities: local flooring contractors offering better pricing and services to local housing and apartment complexes, bidding for small to medium commercial flooring jobs. This basic but simple growth plan will also enable us to continue to have job openings to help train/rehabilitate newly "clean" individuals into working society, aiding them in a healthy continuation in their recovery. We already work with multiple Contractors who are themselves successful business owners who have gone through recovery over the years, and who make it their goal to continually give back, by offering jobs to those in recovery houses. Because we are a small family owned company, owned and operated by a local man, who grew up in the area of Bucks County his whole life. Even though there are numerous others who do the same job - flooring installation - we stand out and are known by so many in numerous walks of life. The fact that Mike, his wife Tanya, and the two flooring contractors that work for us, are all 4 kept busy - daily/365 days - with jobs that we have gained ONLY by referral and word of mouth - shows the reliable reputation that this company has built. Through integrity, simple honesty, hard work, fair prices, reliability, and getting the job done right the 1st time - we have never had to use any marketing, anywhere. Here are just a few of the varied customers who have chosen us to do their work: Sunbelt Rentals, New Britain Surgery Center, Princeton Child Development Institute, N Irwin VFW, CVS, Mark Daley Contractors, Chick-fil-A franchise owner of Neshaminy, Demsco Plumbing, and the list goes on. All of these and innumerable other jobs were received simply through building relationships with local people, who in turn used us in their business needs or referred us to many others. EVERY SINGLE CUSTOMER is a referral!
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Self Identified Competition
Home Depot Lowes L&L Flooring Our pricing is 5-10 dollars less than box chain stores. However, other locals do underbid us. What makes us stand out is primarily our free service to stop by and measure the job, as well as bring samples; our reliability and promptness in sending a proposal, showing up when agreed upon, and attention to detail and cleanliness - every time.
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Contact Applicant
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