Packhorse Moving | Application Preview
Packhorse Moving is applying for government grants to manage its seasonal payroll demands and avoid job cuts. The funding would help maintain their operating bank account without incurring debt, as they prefer to self-fund their business needs.
The company is in a growth phase and is preparing to franchise its model in 2023, intending to offer an affordable franchise option that builds on its successful methods. The owner is committed to adding value for both clients and employees, having invested five years of savings to start the business. They have grown an initial investment of $25,000 into a nearly $1 million annual revenue without taking on debt, demonstrating effective capital management.
In terms of competition, Packhorse Moving faces challenges from truck rental services, various local moving companies, and the housing market's fluctuations. Their competitive edge lies in being the top-rated moving company on Google in their area, built on a reputation for superior service and hiring the best talent, which sets them apart from less reputable competitors.
-
General Information
Business Registration Number: Packhorse Moving LLC
Location: AUDUBON, PA, United States
Length of Operation: 1-5
Number of Employees: 11-25 Employees
Annual Gross Income: $500k to $1M
Annual Gross Expense: $500k to $1M
Open to Loans: NO
-
Funding Usage
We are looking for a grant to keep up with our high payroll as our business is extremely seasonal. To avoid job or pay cuts we would like to have additional capital reserved to meet these payroll demands. Our company has refrained from incurring debt to ensure we can self fund for any business needs as they arise. Our hope is to keep our business from using outside sources to help stable our operating business bank account.
-
Business Plan
Packhorse Moving is in the next phase of growth. We are currently preparing a trademark to become a franchise in the year 2023. We are looking to offer an affordable franchise model to help build the next generation of movers as we have found success using our principals, models and methods. I created this company after saving up for five years and took the leap to risk my whole lives savings into this venture. I am all in on this company and continue to focus on adding value to my clients and employees. Investors should invest in me because my sole purpose is to bring a net positive to any capital that I receive. I know how to manage and more importantly grow capital as I took my initial $25,000 investment in Packhorse Moving and now am close to generating $1,000,000 in revenue per year without any debt.
-
Self Identified Competition
We have plenty of competitors in our industry as there are more than a dozen moving companies in our local area. We can better address our three competitors into separate categories rather than specific companies. Our first area of competition is the truck rental industry. Those prospects who would rather rent a truck and have family and friends assist compared to hiring professionals. Our second area of competition, as mentioned, is the vast amount of movers in the area. We are ranked top on Google, however, we know our competition can low ball our rates since we pay our employees top dollar. Our third and final area of competition is the market. If the housing market is slowing or interest rates are changing it has an immediate impact on the amount of work we could receive. As mentioned above, we are the top rated moving company on Google in our area and we have been around for a fraction of the time of our competitors. I like to say we did not re-invent how moving is done, we just focus on providing the best service in the industry. Movers get a bad reputation for their character, work ethic and overall quality of individual. Our focus has always been to acquire the best talent and our standards do not waver if we come across a bad player.
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
