B&U Holdings LLC | Application Preview
B&U Holdings LLC is seeking government grants primarily to invest in vending machines essential for launching its business. Each of the five machines they plan to acquire costs around $9,000, with the intention of obtaining five additional machines by the end of 2022/2023 using net profits.
The company aims for significant growth over the next five years, starting with these five machines, which are projected to generate an annual return of at least $25,000. They plan to systematically expand by adding five machines each year, targeting a total of twenty-five machines by the fifth year, with projected annual net profits around $125,000. The financial plans include establishing an escrow account for revenues, which will aid in investing in further machines and reducing financing costs.
B&U Holdings emphasizes the importance of investment for building wealth and achieving financial stability, drawing parallels to iconic American companies that succeeded with external backing. They express a strong belief in their vision and determination to succeed in the vending business.
In terms of competition, their main rivals include Birmingham Vending Inc, Expert Vending Service, and Decatur Vending. However, B&U Holdings boasts a competitive advantage through a partnership with Healthier 4U. This collaboration not only ensures access to vending machines but also helps identify strategic locations with high traffic and profitability. Additionally, Healthier 4U provides support for relocating underperforming machines and offers training for the owners and staff, enhancing operational effectiveness.
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General Information
Business Registration Number: 87-2231979
Location: trussville, AL, United States
Length of Operation: 0
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
Funding usage we mainly be directed to our investment towards the machines. Each machine (5) will cost roughly $9000 per machine. Handling the the investment of our machines is the main hold for our company. Being a new company and starting up this year. Using the funding to get us off the ground would be vital. We want to obtain 5 more machines by the end of 2022/2023 using our net profits for the extra 5 machines.
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Business Plan
Over the next five years we plan to grow exponentially starting out with five(5) standard vending machines and growing from there. We have a clear return of investment plan based on how many machines we will obtain and overhead cost and financing fees. Initially, we will start out with five machines with an expected annual rate of return of $25,000 (on the low end) per year. After, all costs and overhead are calculated and deducted from our revenue we will clear $25,000 with five machines in that year. An escrow account will be established for our revenue and we will invest in more machines and aggressively pay down the principal from the financed machines to reduce monthly overhead. Each year, our goal is to obtain five machines. By year five, the company will own twenty five (25) machines. After all costs are deducted, our annual net profits should be around $125,000(on the low end) per year. At year five, at least 50% of the machines will be fully owned by the company without financing. These figures are based on an average of 25 vends monthly. The totals can vary but the machine locations are strategic and based on research. Therefore the 25 vends per month are attainable. Investing in someone means you believe in them or their product but even more than that they believe in themselves. Becoming successful and financially stable is in part engrained in the American dream. The idea of creating wealth for the next generations is what has driven this country forward and many companies we see today. From Ford, to GE even Apple. Someone invested in Those people just as much as those people invested in themselves. You should invest with us because we undoubtedly believe in ourselves and our ability to work hard and take our dream and create our own reality. It takes passion, discipline and sacrifice to make what we desire come to fruition. We have researched and found opportunity in this industry and we are ready to work and create wealth and a return on an investment.
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Self Identified Competition
Birmingham Vending Inc Expert Vending Service Decatur Vending Our company is partnered with an outside company called Healthier 4U. This company is providing our machines for us. Not only providing machines but they are also helping us locate profitable locations to place the machines. High traffic areas and profitable areas. Not only are they providing that for us but if a machine fails to perform they offer free moving service and more research on more profitable locations. Our company we will have training for new workers once we get established and not only will they be trained. Us the owners will be trained by Healthier 4u so we can man and operate our business.
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