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February 7, 2025, 4:30 am UTC

Mr. Richards Speed Shop 03-533137-00-2 | Government Grant Application

Mr. Richards Speed Shop | Application Preview

 

Mr. Richards Speed Shop is seeking government grants to recover from business losses due to COVID-19 closures and to support ongoing growth. The funding will be used to purchase new equipment that will streamline automotive work.

In their business plan, they are focusing on marketing efforts to raise awareness of their brand and actively engaging with the community through volunteer initiatives. The shop is also hiring new staff to improve operational efficiency.

Mr. Richards highlights his status as a first-time small business owner who invested his own savings to start the shop. With a background in automotive education and experience teaching at the college level, he is motivated to demonstrate to his children and the community that achieving dreams is possible through hard work. His goal is to eventually pass the business on to his children.

The shop faces competition from local dealerships such as Advantage Dodge, Ford Motors, and Webb Chevrolet, but Mr. Richards maintains positive relationships with these businesses, often utilizing their parts for customer work. His competitive advantage lies in his customer-focused approach, treating clients like family and fostering long-term relationships through attentive communication throughout the service process.

  • General Information

    Business Registration Number: 03-533137-00-2

    Location: Aztec, NM, United States

    Length of Operation: 1

    Number of Employees:

    Annual Gross Income:

    Annual Gross Expense:

    Open to Loans: YES

  • Funding Usage

    to help make up for closing business when COVID hit and we had to shut down. we had a positive case. to use funding to help continue to grow business. Use funding to buy equipment to make it more easy to do automotive work.

  • Business Plan

    We are currently working on advertisement to get our name out there. We are planning on getting involved in the community to volunteer. We currently hiring to get work in and out. I am a 1st time small business owner. Started this business with my own investment. I have went to school for automotive and currently teaching automotive at the college. I have a huge motivation to keep going to show my children and others it is possible to achieve your dreams if you work hard and continue to work hard to hold onto it. This was my dream to own my own business and to have my children take it over when its time. I enjoy teaching others and helping the community out when possible. I am a family man who wants the best for his family.

  • Self Identified Competition

    Dealerships in my area. Advantage Dodge Ford Motors Webb Chevrolet These 3 dealerships are my completion. I work well with all of them. I have a good relationship with all 3 as I use parts from them at times to help my own customers. I am here to help the customers and treat them like family. I listen to them and work with them to ensure they are taken care of. I talk to them throughout the whole process. I am tryin to gain life long customers.

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