BIOS AUTO LLC | Application Preview
BIOS AUTO LLC is applying for government grants to support its growth after relocating to a new location. The funds will be used to purchase essential inventory including used cars, oil drums, tires, and two car lifts for the mechanic area.
The business primarily focuses on selling used cars but plans to expand its services to include basic mechanic work, oil changes, and tire sales. This diversification aims to create multiple income streams and enhance customer value. BIOS AUTO LLC is also looking to partner with auto financial brokers to assist customers with financing options, having already identified three top finance companies interested in collaboration once the inventory is sufficiently stocked.
In seeking funding, the business emphasizes the necessity of its services, projecting regular growth and a strong increase in clientele as new services are introduced. They assert that investors can expect a substantial return on their investment, estimated at three times the initial amount.
The competition includes large car dealerships and established service providers like Take 5 Oil Change and Discount Tires. However, BIOS AUTO LLC believes its competitive advantage lies in building personal relationships with customers as a local, small business. The company aims to foster a community-oriented environment, making services affordable and accessible to everyone, which can resonate more deeply with local clientele compared to larger chains.
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General Information
Business Registration Number: 16007027
Location: Atlanta, GA, United States
Length of Operation: 3
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
I recently moved to a new location and need to buy inventory to get the business running. I need to purchase used cars, oil drums, tires and two car lifts for the mechanic area.
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Business Plan
I plan to grow my business by adding on different services that are essential for customers. I specialize in used car sales, but will be adding on services such as basic mechanic, oil changes and tire sales to generate multiple streams of income. I also plan to establish relationships with auto financial brokers who can help my customers with financing. I currently have 3 top auto finance companies that are willing to partner with me once I can get my inventory properly stocked. I think investors should invest in me, because the services I offer are essential for all people. My business is growing daily and I'm confident that as I expand on the services I offer, my clientele will increase as well. This business has a triple return on all investments.
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Self Identified Competition
Big car dealerships (Ford/Toyota/etc) Take 5 Oil Change Discount Tires What sets me apart from them is I have the opportunity to build relationships with customers as a small business owner in the city of Atlanta. Although there are many people who like big businesses, it is often the small businesses who contribute to the overall feel of a community and inspire generations behind that whatever their dreams are, they are attainable. I plan to make my services affordable for everyone.
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Contact Applicant
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