Cedar Residential Snow Removal LLC | Application Preview
Cedar Residential Snow Removal LLC is seeking government grants to enhance its business operations. The funding will be utilized to acquire a Ford F-250 pickup truck and a back drag snow plow, which will allow the company to expand its residential snow removal services and serve an additional 400 households, growing from 300 clients currently.
The company has a solid growth plan for the next five years, aiming to increase its workforce from six to fifteen employees to accommodate this growth. Over the past four years, Cedar Residential has demonstrated robust revenue growth, increasing by 60% in the first three years and an additional 33% this year. The management believes that an infusion of capital could significantly boost their growth rate.
In terms of competition, Cedar Residential's primary rivals focus on commercial clients, primarily landscaping companies that offer snow removal as a secondary service. Key competitors include Rainmaker Snow Removal and Alpine Snow Removal and Landscaping. Cedar Residential differentiates itself by being the only local company dedicated to servicing residential clients, positioning itself favorably in a market dominated by commercial-focused competitors.
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General Information
Business Registration Number: 84-2981338
Location: Cedar City, UT, 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: NO
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Funding Usage
We will use the funding to purchase additional snow removal equipment. Specifically a Ford F-250 pickup truck and a back drag snow plow. This equipment in turn will be used to service additional residential clients.
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Business Plan
Over the next five years we plan on continuing to grow our business. Specifically our residential snow removal services as we strive to meet the growing demand. We aim to grow our team of six employees to fifteen as we grow to serve an additional four hundred households beyond the three hundred we currently serve. Invest in our company to fuel our growth. We have been in operation for four years and we have been pulling ourselves up by our bootstraps using capital from one year to fuel growth in the next. Over the first three years we grew our revenue and client base by 60%. This year we have grown an additional 33%. An additional capital infusion would more than double our growth rate. By providing us the tools to meet demand.
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Self Identified Competition
Our top competitors serve only commercial clients. They are typically landscaping companies who also providing snow removal services or individuals who own their own snow plow and service a handful of clients. Our primary competitors are: Rainmaker Snow Removal, Alpine Snow Removal and Landscaping. These two companies hold a large portion of the commercial snow removal market share in our area. We are different from our competition because we are the only company in the area to service residential clients. Our competitor focus entirely on commercial clients and while we serve some commercial clients we are focused primarily on the residential side of our business.
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