Siemen Family Farms Inc DBA Mont Lamm Events | Application Preview
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General Information
Business Registration Number: 47-0944067
Location: Clayton, WA, United States
Length of Operation: 11
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
Security fencing & plantings, replace pumphouse, replace water filtration system, make the whole property ADA compliant, hood system for kitchen, strip & reseal flooring, replace non-led lighting, add parking lot LED lighting, regrade & resurface parking areas, create an internship program for hospitality industry in a small town.
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Business Plan
We were significantly affected by COVID-19 and will likely have a small year in 2021. We are already booking events for 2022. Our biggest expense is the lease payment and getting that changed into a mortgage payment would have a significant impact on cash flow and add income all by itself. We are moving towards an all inclusive only pricing scheme that makes each event more profitable with the same staff - as much as 65% per event more profitable. We are adding new outdoor spaces again this year including orchards, pumpkin patches, and blooming birms to lessen the impact of wind on events and create multiple more photo opportunities in addition to adding sales through high value agro-tourism sales of produce. These will diversify the types of revenue the business will generate in varying seasons. Because we've been doing it without them since 2013 and having a little help to lower monthly overhead while improving our service offerings will make us better than we are now.
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Self Identified Competition
Our nearest competitor, Denison Ridge, is also a friend who has been running a venue for over 10 years. They only do outdoor weddings and do not have an indoor facility and plan on retiring in the next five years. The next nearest, Barnyard Bliss, is a red barn like we do but it is significantly smaller and has less outdoor square footage, no kitchen, and no shade or indoor restrooms. The next venue in our area is Lavendar Manor. They are primarily an outdoor facility with indoor bride & groom spaces and their primary appeal is the lavender fields the venue is part of. All of these have similar price points but none of them provide a full-service wedding coordinator who is responsible for executing an entire event. The others have a facility coordinator who is responsible for enforcing the contract. Additionally, we can cater in-house, have events in all seasons, and as the President of the areas premier wedding and events professional organization we know who is worth their salt for the services they offer and connect our couples to the best in the area.
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Contact Applicant
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