StoreCrates.com | Application Preview
StoreCrates.com is seeking government grants to support a national sales campaign aimed at generating between 3 to 5 million in sales for their innovative crate product. The funds will facilitate market expansion, enabling the company to target 20 different industries with a product that has strong demand.
The business plan outlines a strategy of using an established mold to produce up to 5 million crates over several years. Currently operating from a small facility, StoreCrates.com aims to expand into a larger production space to increase manufacturing capacity, which is essential for maintaining consistent sales.
The founder brings 20 years of business experience and has demonstrated commitment to success. The production of the crates occurs within the USA, and the company already has interested customers, indicating a ready market for the product. The requested funding will help jumpstart their sales efforts, promising a significant return on investment.
StoreCrates.com highlights its unique product, the "shortie crate," which effectively addresses a gap in the market where standard milk crates fall short, particularly concerning the transport of small items. While companies like Milk Crates Direct compete in the milk crate segment, StoreCrates.com positions its product as a superior alternative, ensuring compatibility with existing milk crates while providing a better solution for small-item transport. The company holds exclusive rights to the mold, granting them a competitive edge in the marketplace.
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General Information
Business Registration Number: 87-1734590
Location: Towanda, 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 would use this money to fund the national sales campaign, with this level of funding we could generate 3-5 million in sales for this product.
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Business Plan
Our plan to grow the business is market expansion, we have a new product and 20 different industries to target with this. The mold we have is good for 5 million crates, this will allow us to produce crates for several years until the mold needs to be replaced. We are currently using a small production facility, we would like to be able to move into a larger facility and get more machine time to make the crates, this can only be done with consistance sales. I have a 20 year track record in business and have the drive to be successful, we have the mold made and in production in the USA, we have a product we can sell and customers that want the product. We need help getting the sales effort going, and we will be able to make a solid return on the invenstment.
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Self Identified Competition
This product is unquie and there are no real competitors. The closest competitor would be a standard milk crate, however if you are trying to transport small items in the crate they will fall through. The shortie crate solves this problem and is compatiable with milk crates when it comes to stacking. https://www.milkcratesdirect.com/ this company sells milk crates and is a competitor by selling milk crates/ There are no real competitors for our product. We own the mold and have control over who can sell the product.
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Contact Applicant
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