Harvard Punk, Inc. | Application Preview
Harvard Punk, Inc. is seeking government grants to support the launch of a new food truck, which will serve as a mobile storefront. The funds will be allocated for purchasing the food truck, acquiring inventory for meal preparation, marketing efforts, and covering initial payroll expenses.
The business plan aims to enhance visibility and demand in various markets through the food truck, with future plans to establish a permanent location and possibly expand to a second unit.
Reasons for funding approval include low overhead costs, a high potential return on investment, and a strong advantage in celebrity marketing that positions the business as a compelling investment opportunity.
Though there are no direct competitors, other food trucks exist in the market; however, the mobile nature of the business allows it to navigate away from competition and capture more favorable market segments. The company boasts a unique cuisine that has gained viral attention, providing a significant competitive edge.
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General Information
Business Registration Number: 46-3477384
Location: Burr Ridge, IL, United States
Length of Operation: 1-5
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
The funding will be used to purchase a new food truck which will serve as a mobile storefront and will allow us to tap into various markets and increase awareness and demand. The funding will also be used to purchase inventory and aid in creating the meals we serve to customers. Additionally, funding will be used for marketing purposes, as well as helping to cover initial payroll.
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Business Plan
The mobile food truck will serve to tap into various markets, increasing visibility, awareness, and increasing demand for our service. Then we will expand to a brick and mortar space and eventually a second unit. The business has low overhead expenses, a high return on investment, and the built-in celebrity marketing makes it a "no-brainer," in terms of being a sound investment opportunity.
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Self Identified Competition
While we have no direct competitors, the closest competition will be other food trucks in a given area. The beauty of having a mobile storefront, is that we can move our food truck away from competition and seize a more preferential piece of the market. We are the only business serving our unique cuisine that has gone viral.
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Contact Applicant
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