Elite Gaming Company LLC | Application Preview
Elite Gaming Company LLC is seeking government grants to support its ongoing growth since opening in April 2022. The funds will primarily focus on boosting advertising efforts to enhance local awareness and to collaborate with regional schools and groups to drive sales. Additionally, part of the funding will serve as working capital to cover monthly expenses, with projections indicating that the business will achieve self-sufficiency by the end of its first year.
The business plan outlines a five-year strategy to expand tournament offerings for various video games, increasing interest among local youth. Plans also include assisting local high schools in establishing Esports teams, with the condition that they host events at Elite Gaming. Hiring 3-5 full-time employees is anticipated to support tournament organization and manage operations. By the fifth year, the company aims to develop a video game management system, integrating social networking features for gamers, enhancing customer engagement, and generating revenue through a subscription model offered to video game centers nationwide.
The justification for funding includes the goal of creating a welcoming community space for gamers of all ages, which also serves as a testing ground for the proposed management system and social platform. Securing the requested funding will facilitate reaching operational projections, while additional funding could accelerate the development and implementation of new technologies, outpacing competitors.
In terms of competition, Elite Gaming faces challenges from a local video game center partnered with Wal-Mart, home gaming options, and nearby recreational centers. However, the company holds a competitive edge due to superior gaming equipment, a more inclusive atmosphere, and the capability to host large events and tournaments, which local competitors cannot match. Elite Gaming distinguishes itself as the only venue in the Spokane Area where gamers can gather for events like birthday parties, merging social interaction with gaming experiences.
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General Information
Business Registration Number: 604829774
Location: GREENACRES, WA, 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 have continued to grow month after month on average since we opened on April 11, 2022, as advertising has reached more people. We will use some of the funds to increase advertising efforts to bring even more awareness to us in the area and partner with more schools and groups in the area to increase sales. We will also use the funds as working capital to help pay our monthly expenses to realize our projections based on current monthly sales numbers. Our projections show us that we will be self-sufficient without the need of outside funding by 1 year of operation.
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Business Plan
Within the next five years, we plan to add additional tournaments for more video games, to generate increased interest by kids and young adults in the area. We also plan to help local high schools to adopt Esports teams with the express agreement that they hold their tournaments and matches are our business. By the end of 5 years we plan to have hired 3-5 full time equivalent employees to help create tournaments, run the front end of the business, and create and nurture different gaming groups in the area. By year 5 we would like to start creating a video game management system, like the one we purchase and pay for monthly, that acts as a login system for our computers and for our consoles. This system would also link to a social networking website and app for phones, where gamers can keep track of their time, stats, and use it to purchase hours and login while at the gaming center. This creates a pipeline of guaranteed customers and members to our social network, and we can offer this program to every video game center in the country for a monthly fee, generating even more income. After adoption of our program, we will then have a guaranteed community on our site that is a targeted audience that can be marketed towards and we can charge more for that type of advertisement. Starting this application would be around year 4-5, but would jumpstart larger expansion into bigger country-wide events and partnerships with existing Esports organizations and advertisers. My goal is to create a community space for gamers of all ages to come together and play and compete in a safe environment. This will also create a perfect testing ground for a future video game management system with a linked social networking website. The current requested funding will help realize my current projections our to 1 year of operation, but any additional funding, either equity or debt, that an organization would like to invest would give me time and resources to increase the speed that our app, website, and management system could be realized, released, and capitalized upon, before any other competitors like the system I currently use, get the same or similar idea. My goal is to make money for my company and grow beyond just being a small business, but to open Elite Gaming Centers across the country and allow our system to be used across the country by other video gaming centers in order to corner the Esports market for both advertisement and eventually in order to create tournaments, and an amateur to pro pipeline for highschools and amateur players.
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Self Identified Competition
A direct competitor is a video game center business in our local Wal-Mart, as they have partnered with them. Another competitor would be at-home gaming instead of coming in to game at a video game center. A third competitor is recreational centers in our area, that may pull birthdays or family outings from us. The video game center that is in our local wal-mart has much older PCs and consoles than us, we can offer better gaming and we offer it at competing pricing in a much better and more inclusive atmosphere. Our ability to host large scale tournaments and multiple birthday parties at once is a large upgrade to their offering, as we have much more floor space in our location. This also allows us to offer other activities for family members to do while their kids, friends, or relatives are gaming, like our recreational games area. At home gaming is great, it is where most people start their video gaming life, but at Elite Gaming Center, customers can game right next to their whole team and celebrate their wins and discuss their losses. It also allows them to get energy drinks and snacks without leaving the house and stopping their gaming session. They will also meet others within our gaming community who might share similar interest in games and make new friends or teammates for future tournaments and just for gaming. Our third competitor is other recreational or event centers that offer family activities and birthday parties. We stand above the rest as the ONLY place where self-identified gamers can come and have a great time with their immediate group of family or friends. This includes birthday parties, no other place in the Spokane Area, can you have a gaming birthday that can host as many people with differing gaming preferences as we can.
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Contact Applicant
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