Auto Tones Collision Powered by R&B LLC | Application Preview
Auto Tones Collision Powered by R&B LLC is seeking government grants to fund essential capital expenditures aimed at enhancing the business's efficiency and productivity. The company is specifically eyeing an upgraded paint booth and modern frame and welding machines. These improvements are projected to boost employee productivity by 50%, leading to job creation and an anticipated 50% increase in revenue.
In its five-year business plan, Auto Tones intends to grow organically, utilizing the funding to bolster revenue and job growth. This strategy will support the accumulation of retained earnings, which will be reinvested into the business to facilitate expansion into multiple regions while maintaining consistent service quality.
The rationale for grant approval emphasizes the company's deep commitment to its employees, many of whom face challenges in securing employment due to past hardships. Led by Mr. Rene Garcia, who has dedicated significant time and resources to the business, Auto Tones has navigated tough times, including a pandemic, while maintaining stability. Additionally, the company benefits from the expertise of Mr. Dwayne Herbert, a former financial leader with extensive experience across various sectors, which enhances its financial management.
In terms of competition, Auto Tones faces rivals like Eazy Way. Notably, Eazy Way continues to rely on Auto Tones for service despite establishing its own body shop due to high demand.
What sets Auto Tones apart is its commitment to diversity, employing individuals from various backgrounds. This inclusive environment fosters unique perspectives and community connections, positioning Auto Tones as a body shop that stands out in customer engagement and service delivery.
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General Information
Business Registration Number: 1925534
Location: CHICAGO, IL, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: $250k to $500k
Annual Gross Expense: $100k to $250k
Open to Loans: YES
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Funding Usage
Auto Tones would like to use the expenses for capital expenditures. The shop is in need of an updated paint booth and an efficient updated frame and welding machines. These additions will allow Auto Tones to increase productivity of the current employees by 50% allowing for job generation for other employees and increased revenue receipts of approx 50%.
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Business Plan
Auto Tones plans on growing it’s business organically over the next five years. Using the capital expenditures to increase revenue receipts and job growth that will allow for the growth of retained earnings to be invested back into to the business for expansion and growth of the body shop into multiple areas of the state through uniformity and consistency in our service offerings. Investors should invest in Auto Tones Collision Powered by R&B LLC because this is not just a job for our management and employees it’s the a source of life. Many of our team member wont get opportunities to work because of challenging histories and limited job opportunities in this field of work. The company is lead by Mr Rene Garcia who supports his family on the work developed in this shop. This leader has been with the company from inception and has given all his time and money to ensure that this business has survived over the past 4 to 5 years even through a pandemic. Auto Tones was able to secure the services of a Fortune 500 Financial leader in Mr. Dwayne Herbert who has help corporate positions in companies like BB&T, Compass Group, ASM Global, and The Charlotte Bobcats organization. Mr. Herbert has held roles of Senior Staff Accountant, Treasury Analyst, Financial Analyst, Finance Manager, and most recently Director of Finance for ASM Global a world leader in facility services. The service model for Auto Tones is simply to fix your vehicle as efficiently and effectively as posible, providing excellent customer service.
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Self Identified Competition
One of our top competitors is Eazy Way which is also a customer. A few months ago Eazy Way built and staffed their own body shop but due to extremely high demand continue to send vehicles to Auto Tones for service. Auto Tones Collision Powered by R&B LLC differentiates itself from it’s competitors with it’s diversity. Auto Tones employees many nationalities and all color all working together sharing different ways of doing things and different experiences. We embrace diversity and so we connect to the community in ways other body shop cannot.
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