House of A Investments and Consults | Application Preview
House of A Investments and Consults is seeking government grants to expand its childcare services. The funding will be used to acquire larger facilities, hire additional childcare providers, and purchase equipment along with educational materials.
The business plan focuses on expanding the current home-based operation to accommodate more clients, which will increase revenue. The goal is to sustain this revenue for two years before transitioning to a traditional brick-and-mortar facility. This move will allow the business to charge higher rates, reflecting the change from home services to a commercial operation.
The applicant, a veteran with 18 years of service, highlights a strong commitment to serving children from low-income backgrounds in Chicago, aiming to provide them with enriching experiences that extend beyond their current circumstances. The intention is to positively impact these children and their families on a larger scale, emphasizing the importance of investing in this initiative.
Currently, there are no direct competitors since the business operates from home. However, once transitioning to a facility, it will face competition from local childcare providers. The competitive advantage lies in the personal care and commitment to the children's development that sets this business apart from others, focusing on fostering meaningful relationships rather than merely collecting payments.
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General Information
Business Registration Number: 844078144
Location: Chicago, IL, 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
The funds will be utilized to acquire additional space for growing clientele, hire new childcare providers, and additional equipment and educational materials for the expanded space.
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Business Plan
By expanding the current space while will provide the opportunity to bring in more clients and thus increase revenue, I intend to maintain that revenue stream for another 2 years. At that point, I intend to move the business from a residential space to a brick and mortar. This will change the rates I can charge as we will now operate as a facility instead of home services, which has a cap on rates. As a veteran with 18 years of service, I have displayed my ability to achieve the mission despite the degree of challenge. I am committed to working with these kids from poverty stricken areas in my hometown of Chicago and providing them with an environment that promotes growth and development. I have found success with showing these kids experiences that are greater than their current environment and garnered great appreciation from their parents. I would like to do this on a larger scale. We are worth the investment!
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Self Identified Competition
Currently, I have no immediate competitors as we operate out of the home. However, when we transition to the facility, we will be competing with small, local childcare providers. I know what the parents of my clients have told me, we care about more than collecting payments and co-pays. We seek to have a real impact on these kids and introduce them to greater experiences to help with the growth and development. We often go above and beyond what other childcare providers are willing to do because we intended to separate ourselves from other daycares.
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Contact Applicant
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