T-Lo’s Foods | Application Preview
T-Lo's Foods is seeking $34,119.13 in government grants to launch their business. The funds will be allocated as follows: $18,619.13 for equipment and supplies, $3,000 for food costs, $600 for a vendor permit, $500 for insurance, $6,400 for labor, and $5,000 for repairs.
The business plan involves starting with dine-in and carry-out orders, gradually expanding into small catering services, and eventually catering for larger events. Within five years, T-Lo's Foods aims to expand to other cities and explore new dining concepts.
The funding approval is justified by the promise of delivering a consistent and delicious product while being mindful of costs. T-Lo's Foods emphasizes a commitment to efficient use of the investment, aiming to provide returns to investors promptly.
In terms of competition, the business will be up against local establishments such as Martinelli's Little Italy, Old Chicago, Prickly Pear, Blue Skye, and Cozy Inn, all offering similar menu items. T-Lo's Foods distinguishes itself as the only fusion restaurant in the area, featuring multicultural dishes that enhance its competitive edge.
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General Information
Business Registration Number: 88-3709270
Location: Salina, KS, 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
To open we would need $34,119.13. Equipment and supplies $18,619.13 Food costs $3,000 Vendor permit $600 Insurance $500 Labor $6,400 Repairs $5,000
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Business Plan
First starting with dine in and carry out orders working towards small caterings and eventually cratering for events. By 5 years we are wanting to branch out to other cities and other concepts. We provide a consistent and delicious product with the cost of goods and services in mind. We are not looking to waste time or money on a concept that’s not going to work. Our main goal is to not use the whole investment to repay the investors in a timely manner.
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Self Identified Competition
Martinellis little Italy, Old Chicago, Prickly Pear, Blue Skye, and Cozy Inn are local competitors in town that offer similar items that we will be have in our restaurant. We are the only fusion restaurant having multicultural dishes.
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Contact Applicant
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