KOVA | Application Preview
KOVA is applying for a $30,000 government grant to launch their business. The plan allocates $14,200 for the purchase of two essential machines, with costs of $7,500 and $3,500 respectively, plus $3,200 for shipping from China to North Carolina. The remaining $20,800 will be invested in marketing efforts aimed at customer acquisition.
In the first year, the focus will be on building a local consumer base, followed by maintaining a good inventory for customer exchanges and replacements. Over the next two years, the plan includes expanding into new markets such as car dealerships, universities, retail stores, and corporate events. By the third year, KOVA aims to establish a repair network to cut costs and improve inventory management. Years four and five will concentrate on further market expansion and revenue growth.
The application emphasizes the personal commitment of the founder, who sees this venture as a culmination of life experiences, reflecting their passion and determination. While acknowledging the need for funding, the founder expresses confidence in the eventual success of the business.
KOVA's competitive edge lies in being the first company in the U.S. to lease out machines at a significant scale, contrasting with a Chinese competitor, PUDU, which has minimal presence in the U.S. market. The founder's focus on a broader consumer base beyond restaurants is intended to differentiate KOVA in the market.
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General Information
Business Registration Number: 87-2288056
Location: Durham, NC, United States
Length of Operation: .16
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
Out of the $30000 requested 14200 will be used to acquire the first two machines needed to make the business operational. $7500 for one and $3500for the second. there will be an additional cost of $3200 to ship the machines from china to North Carolina via DHL shipping services. the remaining 20,800 Will be used to increase marketing and help assist with customer acquisition cost.
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Business Plan
The first year of my business I plan on focusing on growing our consumer base within my local area. Once I establish a stable consumer base I will then focus on maintain a surplus of inventory to exchange and or replace machines for my customers. The second and third year I plan on expanding my consumer Market from hospitality to consumer retail. I.E. car dealerships, Universities, retail shopping stores, corporate events, weddings. Year 3 I plan on being able to establish a repair network to maintain the machines and cut cist by increasing inventory. Tears for and five will be focusing on proceeding to expand consumer markets and increase revenue. So, why me? Let me mention a few things that are not readily explained by charts or numbers, but which I believe are important. First of all, when I look back over my history, I believe that mostly everything that has happened to me in my life has brought me to this point as a matter of my personal destiny. I see the connection, I connect the dots, I see the fit of one thing with another. This is a huge personal validation and very much a prime mover, for me. I'll also, perhaps selfishly, claim some validation from others. And I don't mean just approval or hopeful comments about the enterprise I am wanting to building. I'm talking about a conviction of people who know me well. They do see how the business I'm about is very much a reflection of my personality and my volition. Oddly, perhaps, a few actually recommend against what I am doing, but every last one of them totally "gets it" about why I am the best one to be building this particular enterprise. And the excitement which so profoundly possesses me is infectious; people don't just ask "how is it going?" they ask for details, how I do what I do. It is as if they are reading a book they can't put down, turning page after page to learn "what's next." I'll also say that, at the risk of offending any investor, come hell or high water, this is something I'm going to do, with, or without, your venture capital. I won't attempt to beguile any investor with glowing opportunity stories; I won't urge any investor to "not miss the boat." We all know why I am here: I need money, and you have money. When I'm successful, you'll be rewarded. My belief is that I shall be successful; it's not an "IF" question, it is a WHEN question. And sooner is better than later. Which explains why I am here.
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Self Identified Competition
That's the best Part! in the U.S. market there are no competitors. We will be the FIRST company to start leasing out machines to business on a major scale. As of right now the only company who has successfully executed a similar idea is a Chinese company called PUDU. PUDU has only penetrated the U.S. in 4 restaurants nationwide. The biggest difference is my focus on the U.S. Market. My competitors are only focusing on the Asian market. Another difference is my planned consumer base. I will expand outside of restaurants and also go into corporate markets. Such as retail shops, car dealerships, university campuses, and relator spaces.
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Contact Applicant
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