Premier Services of FL, Inc. | Application Preview
Premier Services of FL, Inc. is seeking government grants to support its growth, expansion, and long-term sustainability. The funds will be used primarily for hiring new employees to create jobs in rural areas of Florida, such as Chattahoochee and Middleburg, as well as to retain existing staff through competitive wages and benefits. The company also intends to purchase reliable, fuel-efficient equipment that is environmentally friendly, which includes trailers, tractors, and diagnostic tools. Additionally, acquiring land for safe storage of this equipment and developing employee amenities will enhance training opportunities and ensure driver safety.
In the coming five years, the business plans to increase its operational capacity by acquiring more equipment to meet customer demands and boost revenue. It aims to obtain a brokerage license to negotiate freight rates, providing further opportunities for collaboration with shippers and freight haulers. The establishment of a dedicated training facility for drivers is also a goal, focusing on education that enhances driver skills and safety.
The rationale for funding is grounded in the potential profitability of the transportation and logistics industry. The applicant believes that despite recent challenges such as delays, inflation, and a shrinking workforce due to the pandemic, the market will recover and offer solid returns for investors equipped with the right resources.
In terms of competition, Premier Services faces challenges from larger freight haulers like JB Hunt, Convoy, and C.H. Robinson Transportation, which possess greater capacity and resources. However, the company’s growth ambitions and flexibility as a smaller enterprise present a unique competitive edge that it seeks to leverage for success in the market.
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General Information
Business Registration Number: P17000080286
Location: Jacksonville, FL, United States
Length of Operation: 6-10
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
For Growth, Expansion, and Longevity: 1) Hire of new employees to generate more jobs in rural areas such as Chattahoochee and Middleburg, FL as well as retention of current employees (Wages, Salaries, Benefits, and Bonuses) 2) Purchase of new equipment that is more dependable/ reliable (Trailers, Tractors, Tires, Diagnostic Tools, Warranties) 3) More fuel efficient and environmentally responsible equipment that emit less hazardous pollutants into the environment 4) Purchase of land for safe and responsible storage of the equipment as well as to provide employee amenities like break areas and places to refresh and rejuvenate and provide more training and development opportunities to ensure driver safety and decreased risks of accidents
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Business Plan
I plan to grow my business in the next five years by doing the following: 1) Purchasing more equipment to be able to meet more customers' needs and generate more jobs and revenue for new hires and current employees 2) Obtain a brokerage license to negotiate rates and provide additional opportunities to various other freight haulers directly with the shippers 3) Expand by purchasing land and building a training facility for drivers to educate and improve knowledge and understanding of drivers as well as prevent accidents The transportation and logistics industry is has the potential to be a lucrative industry which offers good return on investment given the right financial climate coupled with having the proper equipment and skillful employees/talent. Due to the global pandemic(s), there have been recent delays at the shippers, inflation which has caused fuel prices to skyrocket, and a devastating employee pool. However, I am confident that a shift will take place and the market will eventually improve considerably to grant all investors an opportunity to succeed from such a profitable business.
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Self Identified Competition
My top three competitors are other freight haulers, and generally consist of much larger corporations who can better compete with shippers for primary contracts due to their size, capacity and volume. That is why it is important for my business to grow and expand, so that it can compete fairly in this economy. Other freight haulers vary and so there are no specifics, but to name three examples would be JB Hunt, Convoy, and C.H. Robinson Transportation. The size and growth potential makes my company different from competitors. Those competitors mentioned above are large scale and established already.
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