hill-penny vending co | Application Preview
Hill-Penny Vending Co. is seeking government grants to fund the installation of vending machines in four schools within District 187 in Lake County, Illinois. The company aims to expand by adding 4 to 5 machines annually, with a long-term goal of reaching 30 to 50 machines.
The funding will support their strategic placement of machines in high-traffic areas, ensuring steady sales and transactions. Hill-Penny has partnered with a well-established vendor in Illinois, boasting over 30 years of experience, to assist with sales and maintenance of the machines.
While facing competition from both small businesses and larger vending companies, Hill-Penny intends to secure exclusive locations for their machines, avoiding areas with excessive snack and drink options. They highlight the ongoing demand for vending services across various sectors, including schools, warehouses, and college campuses, emphasizing their readiness to quickly scale their operations in a thriving industry worth over a billion dollars annually.
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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
We are in negotiations with a school district to provide vending machines and snack machines for 4 schools in district 187 lake county, Illinois and would need funding to supply enough machines.
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Business Plan
Plan to grow our company at a rate of 4/5 machines per year until we can reach 30-50 machines in total. We are very intentional about the locations of our machines and would require all of our locations to be high traffic locations providing substantial transaction counts weekly. We are partnered with a credible vendor in Illinois who has been in the vending industry for over 30 years to provide us with sales, repairs as well as warranties for equipment.
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Self Identified Competition
Our competitors are small business and large vending machine vendors in the area but once locations have been approved we don't have specific competitors in our locations once machines are in. We wont put our machines in locations were snack and drink options are more than what are machines can provide. We are determined to scale our business' quickly due to the need for vending options in stores today. Vending Industry is still over a billion dollars per year. Many business types still benefit from our services including large warehouses, college campuses, schools, laundry mats etc.
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Contact Applicant
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