House of Refuge2 | Application Preview
House of Refuge2 is seeking government grant funding to enhance its property and boost its rental appeal. The planned upgrades include adding rooms, improving outdoor living spaces with an outdoor pavilion, and remodeling the kitchen and bathrooms, as the current setup only has one bathroom and two bedrooms.
The business aims to increase nightly rental rates and maximize its rental potential. To achieve this, it plans to hire full-time cleaning services to facilitate quicker turnovers. Additionally, there are aspirations to acquire more properties in the area in the future.
The funding request is grounded in the mission of providing a restful environment for individuals, particularly pastors and evangelists, who are looking for a serene space for quiet reflection and group activities, such as Bible study.
In terms of competition, there are three other homes in the vicinity that accommodate larger groups, sleeping between 8 to 12 guests, while House of Refuge2 can host only up to 5 people. However, the property distinguishes itself by targeting faith-based guests in need of a tranquil and spiritual retreat, focusing on those who wish to engage in prayer or group devotionals. This unique positioning is presented as the competitive edge to attract the right clientele.
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General Information
Business Registration Number: 451133060
Location: McKinney, TX, United States
Length of Operation: 4 years
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
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Funding Usage
upgrades to property to generate more appeal for rental potential. Room additions, upgrade outdoor living spaces adding outdoor pavilion, and kitchen remodel with additional bathrooms. currently home only has one bathroom and 2 bedrooms.
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Business Plan
increase rate of services on nightly rentals, increase appeal of property to allow for more rental potential. Hire full time house cleaning services to allow for higher turn over rate for property. Eventually obtain additional properties in the same area. property is used for those who are truly seeking rest and relaxation, we are geared towards those who have a faith such as pastors, and evangelist who are seeking rest and a comfortable place to have quiet time, or retreats for smaller groups to gather for Bible study time.
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Self Identified Competition
3 homes within the area, all offer larger homes that can house more guests. House 1. sleeps 12, House 2 sleeps 10, House 3 sleeps 8. House of Refuge2 only sleeps 5. We strive to rent to those who are in need a faith based place to relax. We attempt to cater to those who are needing a place to have time with God either by way of prayer time, or group devotional time.
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Contact Applicant
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