sweet 717 | Application Preview
Sweet 717 is seeking government grants to purchase equipment that will enhance its candy-making process. Currently, all candy is produced by hand, leading to high labor costs, which are the biggest expense for the business. By investing in machinery, the company aims to significantly boost production capacity, reduce labor time, and cut costs by more than half, ultimately driving profits.
The business plan focuses on acquiring machinery to increase candy output, which will enable Sweet 717 to secure more sales accounts. Approval of the funding request will allow the purchase of essential equipment needed to streamline production, empowering the company to improve profit margins by over 20% as labor intensity decreases.
In terms of competition, Sweet 717 understands it faces significant challenges from larger corporations like Hershey and Nestle, which dominate convenience stores, gas stations, and farmers markets. Due to their lower overhead, these competitors can offer lower prices, making it tough for smaller businesses.
Sweet 717's competitive advantage lies in its status as a family-owned company with three generations of experience. By utilizing traditional family recipes, the company provides a high-quality product that stands apart from mass-produced candy, emphasizing quality over quantity in a market dominated by larger players.
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General Information
Business Registration Number: 32-0299317
Location: harrisburg, pa, United States
Length of Operation: 6-10
Number of Employees: 1-10 Employees
Annual Gross Income: $100k to $250k
Annual Gross Expense: $100k to $250k
Open to Loans: NO
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Funding Usage
I am looking to purchase equipment to aid and facilitate our candy making. all candy is currently made by hand, causing our labor costs to be our top expense. we will be able to generate significantly more candy with the help of machinery, while simultaneously reducing the amount of time it takes. this will cut our labor costs by more than half, and help us to begin making real profit.
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Business Plan
I intend to invest in machinery that will allow us to produce larger amounts of candy. with increased production we will be able to increase sales by way of gaining more accounts. the amount requested will allow me to purchase the machinery necessary to increase production and cut labor costs. my margins are expected to increase by more than twenty percent as the production stage becomes decreasingly laborious.
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Self Identified Competition
my intent with this business is to further increase my number of wholesale accounts. our candy is often sold in convenience stores, gas stations and farmers markets. my main competitors at these locations are larger corporations such as Hershey and Nestle. it is very difficult for small business to compete with these large corporations, as their overhead is minimal and ours is outstanding. we simply can not match their prices due to significant overhead and labor costs. this is a small, family owned company that is three generations strong. my grandmother had a small business, then my dad, and now myself. we use family recipes and create a product that is higher in quality than the larger corporations are able (willing) to produce.
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Contact Applicant
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