Green Book Vacations, LLC | Application Preview
Green Book Vacations, LLC is applying for government grants to support the opening of a physical location as the business expands rapidly. The funding will cover startup costs and at least three months of rent for a commercial lease.
The company aims to achieve over $3 million in annual sales within the next five years, building on nearly $1 million in pending sales for 2021. To accommodate growth, they plan to hire at least three more experienced travel agents.
The business positions itself as a minority-owned travel agency that promotes travel among minority groups. This focus aligns with an increasing interest in travel from these demographics, and the company aims to help diverse clients explore global opportunities.
In terms of competition, Green Book Vacations faces local agencies like AAA Travel, Dreams Travel, and Wishful Escapes. Each of these competitors caters to specific niches, but Green Book Vacations differentiates itself by targeting a broader audience and emphasizing support for minority-owned businesses in the travel destinations they service.
The competitive edge lies in their commitment to providing resources for minority-friendly businesses globally, appealing to clients who prefer to support local, small enterprises during their travels. This unique approach helps the agency carve out its own identity in the travel market.
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General Information
Business Registration Number: 84-2746546
Location: Lexington, SC, United States
Length of Operation: 2
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
We are looking to open a brick and mortar location, as we are expanding our employees and business is growing rapidly. We are requesting funding to have the startup costs and at least a quarter of rent paid up on a commercial leased location.
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Business Plan
In the next 5 years, the goal is to reach over 3 million in annual sales. We are currently almost at a million in pending sales for 2021. As we are growing, we plan on bringing on at least 3 more seasoned agents, so that are agency can handle the volume, and be available for all facets of selling travel. We believe investors benefit from getting to be a part of the growth of the travel movement. As we are a minority owned company that promotes minority travel. We have seen an uptick in travel amongst minorities, and we are here to help all people explore the world.
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Self Identified Competition
Our top 3 competitors locally are AAA Travel, Dreams Travel, and Wishful Escapes. These are 3 local travel agencies that had a defined client base prior to our establishment. Each of these agencies services a different niche of travel, and in building our own brand we have separated ourselves from their target audience. We feel we are aligning ourselves as tough competition, as we add an additional facet to our services of providing tools to support minority owned businesses in each travel destination that we service. We have linked with another business, to provide resources to our clients globally on minority friendly (women owned, LGBT friendly, minority owned) businesses to support on their travel journey. This focus on local support has made us stand out from our competitors, as our clients are looking to support local, small businesses throughout the world.
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Contact Applicant
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