Host Memphis | Application Preview
Host Memphis is seeking government grants to hire additional staff, aiming to expand its client base and short-term rental properties. The company is navigating a challenging situation where growth is hindered by a lack of resources to manage more properties, creating a 'catch-22' that stifles its expansion plans.
Over the next five years, Host Memphis intends to enhance its portfolio by onboarding more clients and properties. As a small, women-owned business in Memphis, Host Memphis prides itself on being built without external investments, focusing on delivering superior service, expert home care, and a strong emphasis on hospitality.
The company differentiates itself from larger competitors like Evolve, Guesty, and Plushy by maintaining a local presence. Unlike these competitors, which operate remotely, Host Memphis provides hands-on assistance and personalized services by visiting each property weekly. This approach enables them to quickly address issues and build stronger relationships with clients, thereby offering a higher standard of care and support.
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General Information
Business Registration Number: 87-4565187
Location: Memphis, TN, 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: NO
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Funding Usage
We plan to use these funds to hire more staff. Our goal is to grow our business by adding more clients and properties to our current portfolio. However, we are not able to support the needs of more properties without hiring more staff. Because we are not able to hire more staff without the revenue from additional properties, this "catch-22" scenario has placed us in a state of stagnation rather than growth.
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Business Plan
In the next five years, we plan to grow our business by adding more clients and short-term rental properties to our current portfolio. Host Memphis is a small, women-owned business in Memphis, TN. We have built this business from the ground up with no outside investments. At Host Memphis we strive to provide exceptional standards of service, custom home care, and professional expertise so our home-owner partners can have the peace of mind that their property is in good hands. We go above and beyond to prioritize hospitality so our guests can enjoy welcoming accommodations, excellent customer support, and a truly unique travel experience. As an ethically-minded business, we partner with home-owners and guests to provide experiences that balance community and commodity.
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Self Identified Competition
Our top competitors include Evolve, Guesty, and Plushy. We are different from our competitors because we are locally based. Our competitors provide services remotely, and real people never step foot in the properties. However, we have boots on the ground, and are able to provide better services that are customized for our clients. We have relationships with our clients, and we visit every property on a weekly basis. We call plumbers when there is a leak, and coordinate contractors when there is a major repair - our competitors are not able to do that from thousands of miles away.
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Contact Applicant
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