Master Reilly | Application Preview
Master Reilly's grant application outlines a clear plan for utilizing funding to recover from financial losses incurred due to the COVID-19 pandemic. The business experienced a revenue decline of approximately $15,000 and incurred additional costs for cleaning supplies and safety measures. The funding would be allocated to settling debt, as well as covering rent and utilities.
Looking ahead, Master Reilly aims to expand the business over the next five years by relocating to a larger, more accessible facility that has already been identified. Plans include increased advertising and utilizing the new space for diverse revenue-generating activities. Master Reilly emphasizes the school's focus on providing a safe, family-friendly environment and highlights their expertise and credentials in martial arts, particularly as the only Kukkiwon-accredited school within a 50-mile radius.
The application argues for funding approval by showcasing the school's value as a community asset. It offers high-quality Taekwondo training and fosters an encouraging environment that instills good morals, discipline, fitness, and self-defense skills. With Master Reilly's extensive experience and championship pedigree, the school is positioned as a leader in martial arts in the area.
Competition is limited, primarily facing one kung fu school that lacks the same accreditation and offerings. This gives Master Reilly's business a competitive edge, as earning a black belt with them confers international recognition due to their Kukkiwon affiliation. The application highlights a commitment to fostering a positive atmosphere for families while providing a unique martial arts experience.
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General Information
Business Registration Number: #83-2953499
Location: Franklin, PA, United States
Length of Operation: 10 years
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
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Funding Usage
We would use this funding to catch up from our losses from COVID-19. We lost approximately $15,000 since March in lost revenue, and extra costs in cleaning supplies, masks, social distancing targets, etc. We would pay off some debt and pay our rent and utilities.
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Business Plan
In the next 5 years, we plan to grow our business in a number of ways. We would like to move our location to a larger more accessible building that we already have in mind. We could promote much more advertising, as well as using the building for other uses to provide more revenue. We advertise our safe, family environment, experience and expertise in the martial arts, as well as our international ranking and credentials. We believe that investors should invest in our business because we are a great asset to our community. Through the ever-changing and trying times that we are living in, we offer a safe and friendly environment where children and adults alike can come and feel at home. We offer the best Taekwondo training in our area, as we are the only Kukkiwon (World Taekwondo Headquarters) accredited school in over 50 miles. Master Reilly is a 5th degree black belt with over 20 years of experience, plus 10 years of owning his own business. Aside from providing the best opportunities and competitions, we also offer a family environment where we focus on encouragement, good morals and attitudes, discipline, fitness, achieving goals, perseverance, confidence, and self defense. We believe that we can offer people a healthy activity and help people improve their lives!
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Self Identified Competition
In our area, we do not have much competition. There is a kung fu school a few miles down the road, which would pose as our top competitor, however, they do not offer the same accreditation or benefits. The next closest school is over 20 miles away, and again does not offer the same benefits. They do not pose any competition to us. As I have briefly explained, we offer a type of accreditation that many other schools do not. When you become a black belt at Master Reilly's Family Martial Arts, you become internationally ranked under Kukkiwon, World Taekwondo Headquarters. This means that you are recognized all over the world as a black belt, no matter what school you go to. We also offer high end competition, as well as the most welcoming and safe atmosphere out of any other martial arts school with family in mind.
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Contact Applicant
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