Padgett Motorsports LLC | Application Preview
Padgett Motorsports LLC is seeking government grants to fund an expansion into a larger facility to address significant backlog in their operations. Currently, the business struggles with space constraints, forcing them to schedule customers months in advance, which results in lost revenue due to delays. The owner believes that with the right facility, they could potentially triple their revenue, projecting over a million dollars in annual earnings within five years.
The business has established a strong client base in the Atlanta area, including high-profile clients like Shaquille O'Neal, as well as customers from various states, including Tennessee, North Carolina, South Carolina, Florida, Alabama, and even California.
In response to competition from other custom shops like Monster Custom's and West Coast Custom, Padgett Motorsports distinguishes itself by offering a family-like atmosphere, ensuring clients can reach out for support any time. This personal approach has led to a 100% client retention rate, demonstrating strong customer loyalty and service quality.
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General Information
Business Registration Number: 20265205577
Location: Woodstock, GA, United States
Length of Operation: 1
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
To expand into a bigger facility to accommodate the current back logged work load. This will allow me to grow my Buisness rather than loose anymore work do to being land locked and having to schedule customers out 3 months or more.
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Business Plan
Getting into a bigger facility to house the demand of Buisness currently I can easily triple if not more my current revenue. Right now I am limited on space to store vehicles to work on and one part issues cost me thousands in lost revenue having to reschedule and push clients back. In 5 years I could easily be doing well over a million in revenue. I have a massive client base from local Atlanta clients , celebrities as Shaquille O’Neal , regular clients that travel from TN , NC, SC, FL and AL. Occasional clients traveling from as far as California. I could easily be doing well over 1 million plus in revenue if I had a facility that could accommodate my current work flow.
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Self Identified Competition
Monster custom’s , Mod FX , West Coast Custom Everyone that comes into my shop from the start is treated like family. They have access to me for questions or concerns 24/7 and I have a 100% return ratio with my clients
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Contact Applicant
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