veteran Pro Concrete Pumping LLC | Application Preview
Veteran Pro Concrete Pumping LLC is seeking government grants to support its operating costs for the initial four months, cover concrete boom pump truck rentals, and secure deposits for new equipment. The requested funding breakdown includes $21,000 for three months of rentals and $30,000 for deposits. Their projected monthly expenses encompass various costs, such as salaries, advertising, supplies, and maintenance, totaling around $10,000, with additional anticipated expenses for personnel, benefits, and loan repayments.
The business plan reflects a combination of structural and growth strategies. Veteran Pro Concrete Pumping LLC emphasizes responsible financial management and aims for a gradual expansion over five years, targeting new regions and accumulating operational reserves. Their growth strategy includes leveraging credit, maintaining a strong income ratio, and expanding into concrete transport and rentals.
The owners bring a wealth of experience, totaling 32 years in the concrete pumping industry, with Jeremy Monroe having a successful background in establishing concrete companies in Texas. Both owners are U.S. military veterans with skills in management and logistics. The competitive landscape includes established companies like Independent Concrete Pumping Corp, Guerini Concrete Pumping Inc., and Performance Equipment Rental LLC. However, Veteran Pro aims to distinguish itself through exceptional punctuality and professionalism among its operators, which they believe will attract clients who have faced issues with tardiness and unprofessionalism in the field.
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General Information
Business Registration Number: 881376
Location: Simpsonville, SC, United States
Length of Operation: 0
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
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Funding Usage
Our requested funding will be used for the first four months of our operating expenses, concrete boom pump truck rentals (while our concrete pumps are being built) of $21,000.00 for three months, and the deposit on two new concrete boom pump trucks $30,000.00. Our projected monthly expenses are as follows: Accountant $208.34, Advertising $500.00, Auto Insurance $500.00, Fuel $5,000.00, Legal and Professional Services $33.00, Licenses $8.34, Office Expenses $41.99, Meals $250.00, Medical Insurance $500.00, Rent: Industrial Parking $600.00, Repairs and Maintenance $1,000.00, Supplies $2.17, Utilities $150.00, $10,000.00. Additional expenses: One Driver & Boom Pump Operator $6,000.00, Benefits & Taxes $656.00, Owners Owners Draw $8,000.00, Co-Owners Owners Draw $6,000.00, Depreciation $1,316.67, and Annual Loan Payment $6,623.29.
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Business Plan
Veteran Pro Concrete Pumping LLC will adopt elements of both structuralist and growth strategies. Some structural elements we will implement in our operational procedures are: strict policies regarding our income distribution, diversification of revenue, and rigorously enforce our code of conduct. Our growth strategies outlined within our financials, calls for the accumulation of three years worth of operating costs before executing a 50% expansion of human and physical capital. Additionally, we will strategically expand into new regions as our capacity to take on clientele grows. Over the next five years, Veteran Concrete Pumping LLC will grow by doing the following: Utilize multiple sources of financing and lines of credit, ensuring all payments are paid on time and in full— enabling us to acquire additional capital as needed. Adhere to our 3:1 annual income ratio to expand our human/physical capital by purchasing additional 38 Meter 5 Section Boom Pump trucks and driver/operators. Expand and utilize veteran and professional networks to secure large-scale government and corporate contracts. Apply for and maintain required licensing and compliance laws/regulations— enabling the company to operate nationally. Purchase commercial/industrial zoned property and rehab or build a structure for parking and maintenance. Expand into concrete transport and boom pump truck rentals, allowing our clients more convenient and comprehensive services. Investors will want to invest in our company because we are not interested in having investors, rather we are interested in partnerships. Our future partner will trust us as we have a combined 32 years of industry experience (18 specifically in the concrete pumping specialty trade) giving us the experience needed to successfully run and expand the company. Additionally, our owner Jeremy Monroe has assisted in setting up two concrete pumping companies based out of Texas-- both of which are still up and running, and recently acquired new pumping trucks. Further, both Jeremy Monroe and Timothy Lee (co-owner) are veterans of the United States Armed Forces-- who both archived ranks that gave them the opportunity to manage eight to two subordinates, including logistics, risk management, regular maintenance/repairs on large vehicles and equipment. Finally, in only three years Timothy Lee recently graduated from Fordham University-- earning BA's in both Economics and Visual Arts, with a focus in film and video. These degrees have given him the skills required to manage the financial and marketing sectors of the company.
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Self Identified Competition
Our three top competitors are Independent Concrete Pumping Corp, Guerini Concrete Pumping Inc., and Performance equipment rental LLC. Independent Concrete Pumping Corp. is a large sized company based in Wakefield, MA and has been in business since 1980. The company started out with one truck and currently has a fleet of 28 concrete pumps. https://www.independentconcretepumping.com/index.php Guerini Concrete Pumping Inc. is a large sized company based in Mattapan, MA and has been in business since 1917. While their exact fleet sizes is unknown, they offer ten different eight different concrete pumping truck models— which implies that they are able to accommodate small to large scale projects. https://guerini.com Performance equipment rental LLC is a mid-large sized company based in Albany, NY and has been in business “almost 30 years”. Their exact fleet sizes is unknown, though they offer three different sized concrete pumping trucks. Additionally, they rent trucks for construction companies who prefer to do it themselves. http://www.rentconcretepumps.com As Veteran Pro Concrete Pumping LLC is a concrete pumping company, the services we provide our clients is essentially the same as other concrete pumping companies. However, our punctuality and professionalism will sway companies to do business with us. According to our field study, there is a lack of professionalism from driver/pump operators within the concrete pumping trade. As Veteran Pro Concrete Pumping LLC will hold its employees to a higher standard— there will never be an acceptable situation where treating a client and/or crew unprofessionally or rudely. As professionalism is a critical part of our company culture— violations will result in immediate termination. Further, our field study also affirmed that a significant problem contractors have with their current concrete pumping services is drivers/pump operators are often late, throwing the day off-schedule. For Veteran Pro Concrete Pumping LLC’s employees tartiness will be unacceptable— violations of this standard will be grounds for termination.
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