Lido Connection | Application Preview
Lido Connection is applying for government grants to secure operating capital for its new business venture. The company's strategy focuses on attracting new customers while maintaining quick inventory turnover, which is essential given the rising costs of real estate and the need to minimize storage time.
The rationale for funding approval is based on Lido's critical role in keeping supply chains efficient and active. By expanding operations, Lido can also increase job opportunities within the community.
Lido faces competition from established companies like Rapid Fulfillment, Dot Fulfillment, and West Coast Warehouse, which operate multiple locations. However, Lido's competitive advantage lies in its long-standing relationships with customers, having retained its base for over 12 to 15 years. Lido benefits from organic growth through referrals and differentiates itself by providing exceptional service that integrates deeply with its clients’ operations.
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General Information
Business Registration Number: Lido Connection
Location: Newport Beach, CA, United States
Length of Operation: 11plus
Number of Employees: 1-10 Employees
Annual Gross Income: $500k to $1M
Annual Gross Expense: $500k to $1M
Open to Loans: NO
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Funding Usage
Operating capital to build new business
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Business Plan
Lido will be looking for new customers with very quick turns in inventory. With the current costs of real estate, it does not make sense to be storing product for long periods. Lido is a very necessary business keeping supply chains open and moving quickly. Second, the more business we are able to recruit, the more employees we will be able ot support.
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Self Identified Competition
There are many competitors in this business category. Most are very large and have multiple locations. Rapid Fulfillment, Dot Fulfillment, West Coast Warehouse are the most notable. We have maintained our customer base for over 12-15 years. We do not need to solicit new business as we have always had many recommendations to choose from. We offer our customers a higher level of service and become part of their business.
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Contact Applicant
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