Sprockets Industries LLC | Application Preview
Sprockets Industries LLC is seeking government grants to enhance its recycling capabilities, specifically focusing on white goods. The funding will be allocated for purchasing a box truck with a lift gate, a 12'x32' workshop, power tools, and covering manhours. The total cost amounts to approximately $100,000.
The business aims to secure the city of Jacksonville as a customer within five years, intending to fulfill all of the city's white goods recycling requirements. This initiative addresses a growing gap in the market, especially as the economy shifts towards a circular economy model. The founder possesses the necessary skills and experience to manage this project effectively.
In terms of competition, Sprockets Industries LLC faces local one-man operations that rely on personal vehicles for scrap collection and Foss Recycling, which has a collection bin at a landfill. However, Sprockets differentiates itself by offering dedicated pick-up services, maintaining detailed records of collected materials, and providing a clearly marked drop-off location for white goods. This comprehensive approach positions the company to capture a significant share of the recycling market in Jacksonville.
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General Information
Business Registration Number: 87-2572066
Location: JACKSONVILLE, NC, 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: YES
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Funding Usage
I will purchase a box truck with lift gate (60000), 12'x32' workshop (15000), and power tools (2000) manhours (23000).
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Business Plan
In 5 years I plan to have the city of Jacksonville as my customer and provide 100% of the cities white goods recycling needs. There is a lack in white goods recycling. This will increase as the economy moves to a 360 circular economy. I have the skills and experience to lead this project.
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Self Identified Competition
One of my top competitors are local one man operations. They use personal vehicles and drive around collecting scrap metal left out in neighborhoods. Foss recycling has a collection bin at the landfill for white goods drop off. The landfill gets most that consumers put in trash bags. I will provide pick up. I will maintain records of white goods output parts weights. I will also Provide a clearly labeled drop off point for white goods.
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Contact Applicant
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