Outstanding Vendors | Application Preview
Outstanding Vendors is seeking government funding to support the purchase and operation of vending machines, as well as to maintain inventory for an extended duration. The funding will enhance the efficiency of their business operations.
The business aims to expand by installing high-quality vending machines in at least 15 new locations within the next year. Their five-year plan reflects a desire to increase their presence while ensuring high standards of quality and service. The funding will also facilitate the acquisition of machines with advanced capabilities.
The application highlights the unique passion and drive of the owners, two college students with a strong ambition to learn and gain experience in the business sector. They have conducted extensive research to prepare for risks associated with launching their business and believe they are ready to succeed with the support of this funding.
Outstanding Vendors faces competition primarily from larger food service brands such as Sodexo. However, they believe these competitors do not dedicate sufficient resources to vending services. This presents an opportunity for Outstanding Vendors to excel in local markets by offering superior customer service and attention to detail. Unlike their larger counterparts, they do not require significant fees from businesses for machine placements, allowing them to profit directly from sales.
Their competitive advantage lies in their focused approach, as they are dedicated solely to vending services, unlike competitors who manage multiple operations. Additionally, the ownership’s backgrounds as college students and a member of the Marine Corps reinforce their commitment, discipline, and ambition. With a solid business plan in place, Outstanding Vendors is well-prepared to succeed and appreciates any assistance they can receive to achieve their goals.
-
General Information
Business Registration Number: 143137743
Location: Piscataway, NJ, 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
-
Funding Usage
This amount of funding covers a fully functioning and reliable vending machine. Additionally, it could be used to cover inventory for a long period of time. This money will help us operate comfortably and help us run more efficiently.
-
Business Plan
Our plan to expand our business in the next 5 years is simple. We want to extend ourselves to as many locations as possible while maintaining a high level of quality and service for our clients. We want to install high-quality machines in at least 15 new locations within the next year. With the help of your funding, we also hope to purchase new machines with more capabilities that will allow us to grow. Investors should invest in us because of our unique mentality. We are a pair of college students loaded with ambition and promise. As students who are currently studying in the field of business, we are constantly trying to find new ways to challenge ourselves. We created this company to get ourselves an early start in the business world and gain as much experience as possible. As young and ambitious as we are, we are also very mindful of the risks of starting this company. That is why we have done countless hours of research into what decisions we have to make to succeed. We feel we are genuinely prepared to launch our business, and would greatly appreciate any help we could get.
-
Self Identified Competition
Most competitors in our field of business are large brand food services for schools and universities, like Sodexo. However, these companies typically handle many other projects and do not invest the time needed to look after vending machines and related products. For this reason, we know we can beat our competitors on a local level. We are able to provide much higher customer service and attention to detail, which our clients will greatly appreciate. Additionally, many of our competitors charge large fees to businesses for using their locations for machines. However, since we are a much smaller organization this will not be necessary. We can simply turn a profit based on the sales from our inventory. Overall, there is a lot of opportunity for this business due to the lack of true competitors. What makes us different from our businesses is our customer service. Most of our competitors are dining services that focus on many other areas of operation. Our business solely focuses on vending machines and sales, which puts us at an advantage. We are able to provide much better attention to our clients than our competitors ever could. Additionally, we are different because of our ownership. Our business is run by two college students studying in the business field, one of which is participating in the United States Marine Corps. We are dedicated, disciplined, and ambitious. We have an appropriate business plan and are set on succeeding.
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
