Sunset Medicinals | Application Preview
Sunset Medicinals is seeking government grants to support its daily operations and employee wages amidst a challenging economy. Although the business generates over $1,500 in daily revenue, rising taxes and retention costs are impacting its financial stability. The funds are necessary to help the company regain its footing.
The business plans to utilize 5 acres of land adjacent to its current retail property to construct a new building, as the existing facility has numerous problems, including leaks. Sunset Medicinals holds the necessary licenses for significant expansion but currently lacks the financial resources to proceed.
The application highlights Sunset Medicinals' resilience, noting that it remained open throughout the COVID pandemic and has consistently maintained a strong reputation for over three years. The company serves both patients with serious health conditions and regular customers, providing essential medicine that enhances their quality of life.
In terms of competition, many similar stores in the area are closing due to economic difficulties, leaving Sunset Medicinals with no direct competitors. Its reputation for honesty and reliability further distinguishes it, as the business has passed all inspections without violations and has never faced legal issues. This strong track record positions Sunset Medicinals as a trusted and established leader in its market.
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General Information
Business Registration Number: 83-4498286
Location: Spiro, OK, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: $100k to $250k
Annual Gross Expense: $100k to $250k
Open to Loans: YES
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Funding Usage
I am needing these funds to help make sure that daily operations and wages can continue to be paid. Things are just getting behind due to the slow economy. We are still bringing in $1500+ per day in revenue, but taxes and retention costs are staying steady while the economy is getting worse. We just need a little assistance getting back on track and ahead.
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Business Plan
We currently have 5 acres of land next to the retail property that we want to use to rebuild a better building, as the one we are currently operating in leaks and has many issues. We have licenses that would enable us to expand majorly, we just don't have the capital to do so. Sunset Medicinals is a retail company that never closed during COVID, and has been steady for the last 3+ years. We are one of the few stores of our kind in the area that has maintained a great reputation and has a dedicated store following. We provide patients that are have chronic/deadly cancers/diseases with medicine to be able to prolong their lives, along with providing regular patients with medicine to get through their daily lives.
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Self Identified Competition
We don't have set competitors in the area, as all the other stores of our kind are shutting down. Many stores of our kind are closing their doors due to the slow economy that is happening. The area has too many stores, and we are the top store that has the best reputation. Our customers recognize that we are a honest and trustworthy business. We have had many inspections from state agencies, and pass with no violations every time. We have never been fined or had any legal issues, while many competitors in the area cannot say the same. We are one of the longest standing stores of our kind in the area.
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Contact Applicant
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