Cross Roads Car Company LLC | Application Preview
Cross Roads Car Company LLC is seeking government grants to establish a retail operation, acquire additional inventory, and refurbish existing stock. The business aims to capitalize on a new market with a population of 88,000 within a 15-mile radius, forecasting an inventory turnover every 45 days. The plan includes starting with 35 units, expecting to sell around 26 units in that period.
The founders bring over 50 years of combined experience in the automotive retail industry, having worked with major dealer groups, which positions them favorably for success. The competitive landscape in Newberg includes three new car franchises—Ford, Chevrolet, and Dodge. However, there is a gap in the used car market for vehicles priced between $5,000 and $12,000, which the company aims to fill.
Cross Roads Car Company's competitive advantage lies in its focus on this underserved market segment, leading to potentially higher inventory turnover and profitability compared to local competitors.
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General Information
Business Registration Number: 83-1310332
Location: Tigard, OR, 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 open a retail operation To purchase additional inventory To recondition inventory
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Business Plan
We believe that moving to a market with a population of 88000 people within a 15 mile radius affords us the ability to turn our inventory over every 45 days. With an inventory of 35 units that equates to 26 units sold. Between myself and my partner we have over 50+ years working in automotive retail industry. We both have worked many years for some of the largest Dealer Groups in the area.
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Self Identified Competition
In Newberg which has 3 new car franchises Newberg Ford Newberg Chevrolet Newberg Dodge That being said there is no competition in the 5000 to 12000 used car price range so we think that is going to allow us to prosper. I think the major difference in our company versus our competitors is that we are focused on a market that no one in Newberg is focused on, allowing us to bring product into our business area with a much higher turn rate and profitability.
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Contact Applicant
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