Red Hot Plumbing Inc | Application Preview
Red Hot Plumbing Inc. is applying for government grants to expand their operations and improve their services. The funding will be used to acquire essential tools such as a sewer inspection camera and locator, enhance advertising efforts, and cover expenses like gas, vehicle maintenance, food, and parking fees. They also plan to hire one or two assistants for call intake and are seeking a down payment for an additional work truck. Furthermore, the funds will help pay for business insurance and licensing fees.
The company aims to grow by hiring more staff, investing in equipment, and maintaining affordable pricing for low-income clients. They intend to focus on a specific area within their field to differentiate themselves from competitors and perfect their services.
They believe they deserve funding due to their backgrounds as individuals from low-income minority families. They want to set an example for others in similar situations, demonstrating that owning a business is achievable through hard work and available support.
In terms of competition, Red Hot Plumbing Inc. faces established companies like Chicago Sewer Experts, Goode Plumbing, and Roto Rooter, which have significant advertising budgets and resources. However, what sets Red Hot Plumbing apart is their dedication to their work, commitment to their families, and a pricing strategy that reflects value without undercutting their services. Their mission is to inspire others from low-income backgrounds to pursue entrepreneurship, emphasizing that help is available for those eager to succeed.
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General Information
Business Registration Number: 883271121
Location: Elmwood Park, IL, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: $100k to $250k
Open to Loans: YES
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Funding Usage
We will be using our funding to get more tools that we need to do certain jobs such as a camera for sewer inspection and a locator. We will also be using our funding for more advertising, gas, car maintenance, food and drinks, parking fees and tickets, paying for one or two assistants to help take calls and do intake work. We will also use the funding for putting a down payment for another work truck so we can get to more clients and we will use the money to pay for business insurance and license fees.
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Business Plan
We plan to grow our business by hiring more workers to run calls and perform jobs as well. We will be buying more equipment and try to make our work affordable for low income customers. We will be buying more work trucks and tools for our workers and more advertising. We are looking to specialize in one certain aspect of our field to stick out and perfect our work. Investor should invest in us because we come from low income minority families who worked hard to raise and we want to give back. I myself am Mexican American and we are trying to show every one else around us and inspire others that it is possible to have your own business and that there is help out there to do so. We want to show our children that hard work pays off and that you can achieve what you dream of as long as you go out there and work for it.
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Self Identified Competition
Our top 3 competitors are Chicago Sewer Experts, Goode Plumbing and Roto rooter. These three companies invest a lot of money in advertising and have all the work trucks and equipment they need for their job. What makes us different is that we are two guys from low income families with our families to care for and we believe in ourselves and in not being tied to a 9-5 job. We know a business is a 24/7 commitment and we are happy with that commitment. We believe in being fair in our prices while also not underselling our work. We want a better future for our families and we want to inspire more low income minority people to open their business and ask for help because there is help out there.
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Contact Applicant
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