Little Drop Shop LLC | Application Preview
Little Drop Shop LLC is seeking a $40,000 government grant to expand its operations by adding a 20'x30' area to store materials and increase production capacity. The additional space will enable the company to build three CNC plasma tables at a time, significantly improving its ability to meet current demand and boosting monthly revenue.
Over the next five years, the business intends to hire more employees to enhance production efficiency, aiming to double its revenue in response to growing sales. The company has found a strong market for its CNC plasma tables, which are popular among various industries, including agriculture and oil. They emphasize the importance of their products, which are compatible with leading Hypertherm plasma cutters, known for their reliability and strong sales.
In a competitive landscape that includes players like Lincoln, Westcott, and STV CNC, Little Drop Shop differentiates itself through superior customer service and affordable pricing without compromising on quality. Each CNC table undergoes rigorous testing, and buyers receive personalized training and support, including remote troubleshooting capabilities. This focus on quality and customer experience has contributed to the company’s rapid sales growth and loyal customer base.
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General Information
Business Registration Number: 83-2095583
Location: Sronington, IL, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: $100k to $250k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
Funding would be used to expand the business and add more square footage to our current shop. $40,000 would allow me to add a 20'x30' area to store our steel and supplies and give us enough area to build one additional cnc table per month with the added space which would boost our revenue per month by having the added space to build 3 at a time.
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Business Plan
In the next 5 years we plan on having a couple more employees which would speed up production time and double revenue. Current sales are doing really well and we cant keep up with sales. We sell more cnc plasma tables then we can build. Investing in a cnc plasma cutting manufacturer just makes sence. Cnc plasma tables are used all around the world for things like the oil pipe line for cutting pipe flanges to the farmers cutting parts to repair the farm machinery that put food on our tables. Just think about how many people have a welder. Those people would want a affordable cnc plasma table to do welding repairs. These machines are used across the world and will continue to be used for years to come. We use Hypertherm Plasma cutters on our tables. Hypertherm is the leading plasma cutter company in the world and generates $510.30million in sales a year. Our tables go hand in hand with Hypertherm plasma cutters and is one of the main parts of our tables.
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Self Identified Competition
3 of our competitors would be Lincoln Torchmate plasma tables, Westcott plasma tables and stvcnc plasma tables. What makes us different is the price and customer service. Being a business owner means alot to me. Its my name on the product and i dont settle for good enough. Every table that goes out the door gets tested and must be 100% built to the highest quality possible. Customers come to our shop and see the tables being built and ate amazed at the build quality. We spend the time with the customer and make sure they are comfortable with the machine when we deliver them or when they are picked up. Every table comes with 3hrs of one on one training along with step by step videos. Also every lds cnc table is remote capable so we can troubleshoot and give training from our office. Thats a big hit with customers. Our prices are better then any of our competitors for the quality of product which has led to the high sales we have had. We try to hit a price thats affordable for the hobbiest and can still be used for heavy duty industrial use.
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Contact Applicant
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