Frenia’s Plumbing & Mechanical | Application Preview
Frenia's Plumbing & Mechanical is seeking a $100,000 grant to support its expansion efforts, aiming to enhance its current growing business model. In the past 4-5 months, the company has nearly reached $200,000 in revenue, with monthly sales increasing by $10,000-$15,000. The requested funding will be allocated for additional crew hires, payroll, and ongoing advertising campaigns to attract more customers.
The business anticipates generating over $500,000 in revenue this year, with a strategic plan to expand from Knoxville to Nashville over the next five years. Plans include growing the workforce from eight to around 16-20 employees, with additional trucks and crews to manage operations across both locations. They aim for a substantial revenue increase, targeting a doubling of profits annually due to a robust advertising strategy and strong business model.
Frenia believes that investing in their company will yield quick returns for investors, as they have successfully built the business from the ground up. Despite initial expenses of $100,000, they have achieved notable profits and are currently on track for significant sales in the coming month.
The competitive landscape includes firms like Hep and Pipe Wrench Plumbing, with Frenia's strengths rooted in exceptional customer service and strong relationships with other contractors, enabling referrals. Their unique company culture emphasizes treating employees like family, fostering loyalty and job satisfaction, which sets them apart in the industry. The focus on team building and community involvement resonates with both staff and clients, cultivating a supportive environment that they feel is crucial to their success.
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General Information
Business Registration Number: Frenia’s Plumbing & Mechanical
Location: Kingston, TN, United States
Length of Operation: 1.5
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
I am asking for 100,000 to expand further as I know we can make it we’ve generated just shy of 200k in 4-5 solid months. Steadily increasing by 10,000-15,000 in gross sales each month as we expand. If we expand further we will see an increase by at least 40-50% in gross revenue in the first 60 days. Also funding will be used to support ongoing payroll, as well as ongoing ad campaign to drive more Buisness to frenias plumbing and mechanical.
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Business Plan
Currently, we are on track to break $500,000 in gross revenue this year, my plan for the next 5 years is to expand from Knoxville TN, into Nashville with a branch, Then once both branches are running strong I want to expand state wide. My plan for this time next year is to have 5-7 trucks/crews in the field running which will mean 16-20 employees, (currently at 8) after that I want to add more employees to help me run both branches and will need approximately 4-5 trucks/crews for Nashville branch which will put me at another 10-15 employees on top of the ones at the main branch. As for revenue, I plan on hitting doubling revenue each year, I have a STRONG ad campaign and a strong business plan. Truthfully, I believe if an investor invests into my company they will see a return quickly and efficiently. I have built this company from nothing, I have invested everything I have into this company and more, within the first 5 months of running solid we did $164k gross revenue spent 100k on expenses and profited around 50k some of my accounts are billable through the state and others are builders on 30 day nets. I’m needing to hire at least 1 more crew but lack the funds to do so currently, if granted we will achieve $60,000-$70,000 in gross sales next month, as of July 23 we have already achieved $48,500 in gross revenue for the month. I ask that you take this into consideration when finalizing this decision.
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Self Identified Competition
Hep, they are another general contractor in the area And they run a strong campaign however their customer service is completely horrible. Pipe wrench plumbing, heating & cooling They are Another mechanical contractor in the area, however we work well with each other and refer Buisness back and forth when one or the other is to full. Whitney is the owner and is a very nice lady, and cares deeply for her employees. As do I. Koontz plumbing and mechanical Brian koontz is the owner, we work well together we refer a lot of Buisness each other’s way. He focuses mostly on big commercial or high dollar residential customer basis, however is he gets something he can’t ha for he sends it my way. We’ve worked together for a a little while this way, and it has always paid off in the long run. What makes our company different From others is the fact we value ALL of our employees as if they were a member of the family. We treat everyone here as if they are brother or sister. We do team building exercises through the week. Gatherings on the weekends just to hang out if they want to. We host company picnics and outings to support local fundraising like breast cancer awareness, all first responders get special discounts. All of our customers and not just employees are treated as if they are a family member as well. We want EVERYONE to feel the family environment. We want you to feel wanted here at FPM. That is what makes us different then every other company out their, All of my employees LOVE their job, due to how they are treated.
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