Felton king | Application Preview
Felton King's grant application outlines the establishment of a day nursery, driven by the increasing demand for childcare due to more women entering the workforce. The funds sought are primarily for purchasing clothing and shoes for job interviews, assisting in job searches, filling out applications, and offering small classes to improve communication skills.
King plans to operate with 3 to 4 employees, serving 12-20 children initially, with potential expansion as the business gains traction. The nursery will provide essential services like meals, rest areas for tired children, playtime with toys, and basic education, given that it is a service-based business rather than a product-focused one.
The expected profit for the first year is projected at $56,000, indicating strong potential for success. King seeks a loan of $17,000 to support startup costs, planning to use personal savings and possibly find a partner to share investment risks if needed.
Emphasizing a strong work ethic and commitment to community betterment, King highlights the intensive research conducted to prepare for this business venture. The application notes the competitive landscape, with established nurseries like Asquith Court, Kinderquest, and Busy Bees holding significant market shares but also acknowledges opportunities for new entrants. Overall, King believes that the combination of hard work and readiness to address market needs positions the business for success.
-
General Information
Business Registration Number: 259990701
Location: fort valley, GA, United States
Length of Operation: 3
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
-
Funding Usage
Purchase clothing and shoes for job interview, assist with helping find jobs and fill out applications, small classes in communication skills
-
Business Plan
I intend to employ on 3 to 4 employees along with my self and cater for approximately 12-20 kids once the business has established itself then I may decide to expand and cater for more children. THE PRODUCT I have selected a nursery because there is high demand in the Us as well that there is a reasonable amount of profit, which can be made if the business is planned out correctly. One of the main reasons why demand is so high is that more women then ever before are going to work, and therefore day nurseries provide a suitable environment for their children to be looked after in. THE MARKET ---------- One of the main reasons why demand is so high is that more women then ever before are going to work, and therefore day nurseries provide a suitable environment for their children to be looked after in. PRODUCTION Since my business is basically a service that is a day nursery hence there is no production involved it is the services, which I provide to my customers. I offer milk to the kids, if any of the kid needs milk I will be offering them, then there will be a rest room in which those kids who are tired can sleep in that room, the third service which I offer is playing, I will be having a room in which all the toys will be there all the kids can play there, my childminders will play with them, and the fourth service is giving the kids basic education. EXPECTED PROFIT For my business to be successful it is very important that it should make profit , so at the end of one year I will be making a profit of $56000 which shows that my business is going to do well, its just the starting as and when my nursery becomes popular among the people I thing it will be doing well and making more profit. FINANCE NEEDED As mentioned in financial and production plan I will be looking to obtain a loan of $17000 from the bank. If the bank rejects my application, then I will consider getting a sleeping partner so that I can apply again for lower amount. I could also find a partner and then half the investment. This is because currently I have personal savings of $10250 and could use $6500 of this to expand my business with my partner . My business is hot and ready for success I have worked hard and have done numerous hours of research to help me understand the pros and cons of what I am about to get myself into. I have grown vastly over the small years I’ve been in business and I will continue to grow. Hardworking patriot like myself will do anything in his power to make this world a better place and it starts with our young leaders.
-
Self Identified Competition
Day Nurseries are more in demand than ever before. Therefore many small firms have seen a gap in the market and have tried to expand. Below is a list of all the major private day nurseries: as you can see that the market leader is ‘Asquith Court’. It occupies 60 nurseries in 1999 and its main rival is Kinderquest who has 38 nurseries. Busy bees are another name to watch out for because it has 23 nurseries yet expanding regularly. There is a market for new comers such as: Saplings: 3 Nurseries Kindercare: 2 Nurseries The Birrell Collection: 5 Nurseries. These new comers have relatively small market share. Although demand is high and therefore they too could expand a lot more. Day Nurseries are more in demand than ever before. Therefore many small firms have seen a gap in the market and have tried to expand. Below is a list of all the major private day nurseries: as you can see that the market leader is ‘Asquith Court’. It occupies 60 nurseries in 1999 and its main rival is Kinderquest who has 38 nurseries. Busy bees are another name to watch out for because it has 23 nurseries yet expanding regularly. There is a market for new comers such as: Saplings: 3 Nurseries Kindercare: 2 Nurseries The Birrell Collection: 5 Nurseries. These new comers have relatively small market share. Although demand is high and therefore they too could expand a lot more.
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
