Hill-Penny Vending Company llc | Application Preview
Hill-Penny Vending Company LLC is seeking government grants to facilitate a partnership with a school district in Lake County, IL, where they plan to install vending machines in six schools, with two machines per school. The company intends to purchase 12 machines, including both drink and snack machines, with costs ranging from $2,500 to $3,500 for drink machines and $1,800 to $2,300 for snack machines. Additionally, each machine will require a card reader priced at around $300. The company is eager to expedite this process to provide better service to students and staff.
In their business plan, Hill-Penny aims to expand by adding five new locations per year over the next five years, targeting school districts, colleges, and gyms, particularly those with health-focused drink options. They also plan to place machines in larger warehouses in the Chicago area.
The grant funding will support Hill-Penny's vision of creating a community-serving business while ensuring they offer modern payment options and the latest snack and drink choices. The company works with a local supplier who provides machine warranties and maintenance services.
Hill-Penny faces competition from other vending machine companies and retail options. However, their competitive advantage lies in their strategic placement of machines based on local surveys and market trends. The ownership duo's technical skills provide additional assurance in resolving mechanical issues efficiently. Moreover, the company envisions diversifying into other businesses, such as car washes or laundromats, in the future.
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General Information
Business Registration Number: 88-2476967
Location: Park City, 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
Hill-Penny Vending Machine Co. is currently in negotiations with a school district in Lake County IL to supply vending machines to 6 of their schools. Requesting two machines per school. We would need to order 12 machines with the average drink machines costing $2500-3500 , as well as snack machines average cost of $1800-2300. Also every machines needs to be equipped with card reader which come around $300 per reader. We would love to get these machines in these schools as quickly as possible to serve the students and staff.
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Business Plan
The next 5 years I want to grow my business at a scaling pace around 5 new locations a year totaling 25 locations. One segment we will be heavily in are school districts and colleges. We will also be looking for opportunities in gyms to provide with healthy drink options. We are based in the Chicago land area so we will also focus on getting machines in warehouses that have around 100 employees or more. Hill-Penny Vending co has a vision to serve the community while also having a great opportunity to create a business with great structural bones. As any seller we intend to provide clients with the latest drink and snack options that they can have at their leisure as expected. We intend to grow with technology as far as payment options to continue to make business as seamless as possible. We have a great supplier locally that provides are machines with warranties as well as provides maintenance and servicing to machines if needed. In 5 years we also plan to scale into other businesses either car wash or laundromat.
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Self Identified Competition
Our competitors are other vending machines companies as well as the option for people to have drinks from the store. We are different in how we are strategic in deciding where are machines will placed. Depending on locations we will give out quick surveys to get an idea of interest of products this particular location may want. We also pay attention to common trends in the market and new food options or highly popular food items. Me and my business partner can both also work on these machines which gives piece of mind during any mechanical issues that may arise.
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