Renew Services LLC | Application Preview
Renew Services LLC is seeking government grants to expand its home renovation projects, addressing the challenge of funding delays between home sales. The company specializes in mold mitigation but finds that this revenue does not fully cover material costs, leading to cash flow issues while waiting to sell remodeled homes.
The business plan focuses on increasing the number of home remodels to two or three projects simultaneously, which would minimize downtime and optimize their operations. Renew Services aims to revitalize older homes, offering affordable, beautifully renovated options that meet the needs of families in the community struggling with rising housing prices. Their commitment extends beyond aesthetics, as they prioritize safety through comprehensive mold remediation, especially in the wake of recent storms.
In a competitive landscape dominated by larger firms like Service Master, Renew Services differentiates itself through a personalized approach and dedication to quality. They emphasize fair pricing and ensuring that each project is completed correctly to enhance customer satisfaction and foster community well-being.
-
General Information
Business Registration Number: 88-2839109
Location: Ely, IA, United States
Length of Operation: 6-10
Number of Employees: 1-10 Employees
Annual Gross Income: $100k to $250k
Annual Gross Expense: $100k to $250k
Open to Loans: NO
-
Funding Usage
We would like to be able to have multiple home projects going at the same time otherwise we get stopped because we are looking for homes in the price range that we can afford. We do more mold mitigation work but that doesn’t cover the expenses of what the materials cost that we are putting into the homes we intend to sell. Since we don’t get any money until we sell the homes, we are usually in a waiting period and low on funds to move on to the next home project.
-
Business Plan
We plan to do more and more home remodels and bring old homes back to life and give people nice new looking homes at reasonable prices. We would like to have at least 2-3 home projects going at the same time so we don’t have any downtime inbetween houses. We are a small business that tries to help out the community and surrounding areas by providing reasonably priced homes to those who cannot afford the ever increasing prices of homes. We sell beautifully redone homes with new home feels. We also want to make peoples homes safer to live in with the mold mitigation that we do as we have had to do a lot of mold removal and repairs after all the storms that we have had here in iowa and all the out of town contractors did not do the repairs correctly and left families in worse shape and costing them more in repairs than they already had. We are about helping people to live better lives.
-
Self Identified Competition
Service Master. We are not a big corporation and we care about the quality of our work and make sure that it is done correctly. We do not overcharge like our competitors and we make sure that the job is done right.
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
