Kustom Graphix | Application Preview
Kustom Graphix is applying for government grant funding to assist with the transition of ownership of a local mill in Berlin, previously owned privately. The funds will primarily cover essential operational expenses such as payroll, utilities, taxes, insurance, vendor payments, and bank loan repayments during the first two months before incoming revenue begins under the new ownership.
Their business plan includes upgrading production equipment like mixers, installing safer heating and better lighting, general maintenance, and making the facility safer and more efficient overall. They also plan improvements to the exterior, including a lighted sign displaying services and hours.
The team believes the mill is vital to the Berlin community, providing essential agricultural services that are otherwise scarce in the area. The current owner is retiring, and while banks are supporting part of the transition, additional funding is needed for facility improvements and to bridge the initial income gap.
In terms of competition, nearby Olsen’s Mill offers some similar services on a smaller scale, and a new co-op an hour away is just starting up. Kustom Graphix’s competitive edge lies in its extensive storefront with a wide range of products, custom mixing capabilities with multiple mixers, and in-house delivery using their own trucks. These strengths position them as a critical resource for local farmers and homeowners.
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General Information
Business Registration Number: 517822746
Location: Ripon, WI, United States
Length of Operation: 11plus
Number of Employees: 1-10 Employees
Annual Gross Income: $500k to $1M
Annual Gross Expense: $250k to $500k
Open to Loans: NO
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Funding Usage
Most of it will be used for 2 month expenditures as we switch ownership to ourselves from a private owner. The mill is self-sustaining as it is, but until accounts receivable begin in our name, we will still have to make payroll, pay utilities, taxes and insurance as well as begin repaying bank note and keeping vendors paid
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Business Plan
The first things that we feel need to be done is to upgrade mixers, install better lighting, a safe heat source, and general maintenance. Exterior changes to include lighted sign with company products listed as well as hours of operation. And any areas that could be made safer and more efficient will be addressed We feel that keeping this mill running in Berlin is instrumental to the community and is one of the few in the area that offer the services we do. The present owner is older and would like to retire, so we have gone to local banks for funding, but will need help with needed updated and safety items. The mill itself can sustain itself, but we won't be able to make necessary payments until accounts receivable begin to come in.
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Self Identified Competition
There are very few mills in the area, Olsen's Mill, located about 20 minutes away, is co-owned by person we are buying Berlin Feed from. They offer similar services but on a much smaller scale. United Co-op in Waupun about an hour away just started and will offer some of the services that we do We have a large storefront area selling a large variety of small animal food, bird seed, as well as vegetables in seed form for gardens. Pest control products, grass seed deer food plot seed, fuel heating pellets, and pre-bagged animal feeds for farms and homeowners. In the back there are 5 mixers that can handle a wide variety of custom mixed batches, delivered by our own trucks.
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Contact Applicant
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