Coffindaffer’s Farm Equipment Repair | Application Preview
Coffindaffer’s Farm Equipment Repair is seeking government grants to expand their business and support local farmers. The funds would be used for advertising, improving the parking lot, and hiring additional mechanics to enhance service speed.
The business aims to grow over the next five years into a thriving repair shop that also offers new equipment sales at affordable prices, making it easier for local farmers to access the tools they need.
Coffindaffer emphasizes the importance of hiring mechanics and a secretary to develop the business. The goal is to maintain a competitive hourly labor rate of $55, which is challenging without additional staff. The business also intends to sell equipment at prices that local farmers can manage.
In terms of competition, Coffindaffer faces challenges from nearby dealers like Parcs Equipment and Middletown Equipment, known for their high repair and equipment prices. Johnston Equipment is recognized for their reasonable rates, and Coffindaffer aspires to match their success.
What sets Coffindaffer apart is a personal connection to the farming community, understanding the struggles of maintaining older equipment and the prohibitive costs of new machinery. The owner is committed to helping local farmers by providing affordable repairs and equipment sales while prioritizing a friendly, community-oriented approach.
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General Information
Business Registration Number: 2351-3400
Location: JANE LEW, WV, United States
Length of Operation: 2
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
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Funding Usage
Would like to expand my business and really help out the local farmers in the area I would use the funds for advertising graveling my parking lot where I park equipment to be worked on and hire a couple mechanics to help the turn around time
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Business Plan
in the next five years I would like to be able grow my business Into a successful farm equipment repair and also sell new equipment to local farmers at a reasonable price where they can afford it I would really like to hire a couple mechanics and a Secretary. I would really like to help out the local farmers in my area that really can’t afford the repairs on there equipment I would like to keep my labor rates at $55 a hour but that would be hard to do right now if I hired employees and I would also like to get Into farm equipment sales and sell equipment to the local farmers at a very reasonable price that they can afford
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Self Identified Competition
1 Parcs equipment they are a kubota A new Holland Dealer in the area that sells her equipment at a fairly reasonable price but the repair hourly rate is outrageous and a rip off 2 middletown equipment sales they are a local John Deere dealer that the prices are outrageous their equipment is high and the hourly rate on repairs is very expensive 3 Johnston Equipment they are a local Kioti dealer that their prices are very reasonable and the repair rates are very reasonable they are an outstanding business and I would really like to get to their level I am a very outgoing and friendly person I am a local farmer myself I know how hard it is to maintain a farm with old equipment and not be able to afford the new equipment because it’s so expensive and I feel that I would be able to help out all the local farmers by repairing their equipment at a reasonable price and selling new equipment to them at a very reasonable price I’m really just the type of person that likes to have his bills paid and don’t need all the rest I really care about all the local farmers and would love to help them out
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