LUXE Vision | Application Preview
LUXE Vision is seeking government grants to enhance its operations and expand its reach. The funds will be used for several key purposes, including acquiring equipment loans for new locations, hiring and training sales and onsite staff ahead of launching in Arizona and Colorado, and securing capital to scale operations for greater profitability.
The business plans to grow from one onsite vision clinic to five mobile locations in Utah, with aspirations to expand into surrounding states and eventually achieve a nationwide presence. LUXE Vision highlights its three years of operation, being entirely self-funded, and successfully establishing the business during the challenges posed by the global pandemic as reasons for funding approval. The service they provide focuses on convenient and accessible eye exams, allowing employees to complete their vision checks quickly and return to work without disruption.
In terms of competition, LUXE Vision acknowledges other mobile healthcare providers like 2020 Onsite and Jet Dental. However, it asserts its competitive advantage as a cost leader, enabling faster scaling and market entry without the need for massive capital investment. By capitalizing on its unique position and proven success, LUXE Vision aims to meet the growing demand for onsite vision care across the United States.
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General Information
Business Registration Number: 844067266
Location: Layton, UT, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: $250k to $500k
Annual Gross Expense: $250k to $500k
Open to Loans: YES
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Funding Usage
Usage of funds: 1. Add new additional equipment loans for 2nd and 3rd locations. 2. Support new sales & business development staff, prior to launching new locations Arizona and Colorado). 3. Hire and train (including pay) new onsite staff for new locations prior to being profitable. 4. Get the capital needed to scale so we can be more profitable to expand.
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Business Plan
We plan to grow from 1 onsite vision clinic to 5 mobile locations in Utah alone. Once we get to that point we will branch out and start expanding to other surrounding states and then to nationwide presence. 1.We have been in business for 3 years. 2. Completely boot strap and self funded. 3. Started and grew the business during a worldwide pandemic and crisis. 4. We are more than just a concept, we are a viable business ready to expand and meet the demand of this benefit to more employers and families. 5. Vision is a very much forgotten benefit. We make this convenient and accessible that in only 15-30 minutes the full eye exam experience is completed, and team members are back to their daily tasks.
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Self Identified Competition
1. 2020 Onsite: Based on Boston, they are a fully mobile vision clinic and have scaled to Georgia, Chicago. 2. Jet Dental: mobile dental clinic. Very similar concept, but they bring dental to the workplace. 3. Incorporate Massage (Nivati): Bring massage therapy to businesses, nationwide. We are a cost leader. Meaning we have brought it to the point that we can open up a new location/onsite for the fraction of the cost of our vision competitors. To be noted: 1. With these savings above, we can scale quicker and open up markets that meet the demand in a timely manner as compared to millions in raising of capital. 2. We have found our niche and are the best at what we do and are ready to get this moving forward to all US states.
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Contact Applicant
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